IBNR Robot estimates the optimum level of expected claims liabilities and its range. The underlying artificial intelligence combines commonly used loss reserving methods, statistical optimisation techniques and pragmatic solutions.
IBNR Robot is independent of past results, human actuarial judgment and the influence and opinions of various stakeholders. It is fully automated.
IBNR Robot is robust. It automatically applies optimal treatment to effects of accident, underwriting and calendar year as well as large and unusual events, taking into account credibility, relevance, homogeneity, volatility and correlations observed.
IBNR Robot can produce loss reserves estimates and range from formatted data input in less than 1 minute for each dataset.