So what does all this get you?
1. Speed, Accessibility, and Flexibility
- Combine immediate access to all the key data you need with excellent tools for analyzing that data and a system for automating the more routine tasks, and you have a better way to work.
- Because the data is always available, you can take on those important ad hoc analyses that you have may not have been able to get to in the past.
- The TriangleMaker module adds significant flexibility in how you summarize and build your triangles. You can limit or ignore large losses, apply floors and ceilings as the claims are aggregated, and even account for inflation as you summarize the raw data.
2. Consistency
The ReservePro analysis tools and the RPEE database combine to provide a powerful, structured environment for your department's work. There are over 40 actuarial methods and 200 exhibits and reports already defined and ready to use. And for those times when you need something more, setting up additional ones is a snap.
This provides consistent reporting across all users and departments. All your reports and analyses are guaranteed to be mathematically accurate, summarization and reporting are greatly simplified, and review is significantly streamlined.
3. Accuracy
ReservePro provides a full suite of exhibits and methods that have been developed, tested, and used for years. Because there are no accessible formulas like in a spreadsheet tool, the calculations are always exactly what you expect. Methodologies include development methods, Bornhuetter-Ferguson calculations, frequency and severity techniques, and many average-type estimates.
The exhibits include virtually all types of industry-standard averaging and trend analysis diagnostics, as well as detailed cash flow reports.
