What are the benefits of Loss Forecaster?

It is an easy to use web-based software for forecasting losses and estimating required reserves for property and casualty losses that includes a complete database of loss development and trending data that uses both incurred and paid methodology for analyses and can be tailored for your specific needs.

Loss Forecaster enables you to:

• Analyze up to 15 historical policy periods and project losses for the coming policy period
• Complete reserve analyses to meet regulatory and financial reporting criteria
• Prepare loss projections to define risk retention levels and policy limits
• Determine the effectiveness of a client's loss control program
• Prepare risk management due diligence evaluations
• Make recommendations for company mergers, acquisitions, or divestitures
• Prepare self-insurance feasibility studies
• Perform analyses to compare alternative loss financing methods 
• Generate a detailed report showing each step in the loss forecasting process
• Compute the pure loss rate for each of the past policy periods in the analysis
• Graphically show the selected estimated ultimate incurred loss for each of the past policy periods
• Graphically show the pure loss rate for each of the past policy periods
• Create an estimated schedule of loss payments
• Compute the net present value of future loss payments
• Export analysis data to Microsoft Excel