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in English
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Assessing a company’s reserve requirement for future claims payments and the risk present in the claims reserve run-off is a fundamental part of the financial management of any general insurer.
IBNRS, the reserving software provided in conjunction with our alliance partner Actuaris, delivers a controlled environment in which actuarial models can be established, calibrated and stored. There is a full audit trail of all changes made to models.
The system is an advanced user-friendly, intuitive piece of actuarial software, developed by practitioners for practitioners. It is based on an evolutionary object-oriented programming structure, which delivers reserving and reserve monitoring capabilities for general insurance that includes the reserve margin requirements that are likely to result from Solvency II.
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