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Software tools and actuarial services for risk management and insurance professionals Latest News | Products & Services | Support | Library | Company | Shop | Search |
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Software tools and actuarial services for risk management and insurance professionals Latest News | Products & Services | Support | Library | Company | Shop | Search |
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Specific Software Solutions · SIGMA Actuarial Consulting Group |
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"I've just had my first opportunity to work with this version and have found it easier to use and more flexible then the earlier versions." |
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- Ed Williamson |
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Tutorials An updated look for Loss Forecaster Improved definitions and explanations available in both software-based and web-based help New ways to navigate through Loss Forecaster Up to 15 policy periods now supported Additional exposure options for loss projections State-specific loss development factors (LDFs) available for workers compensation analyses Easier-to-understand method for entering excess losses Updated report format automatically includes graphs New option to view system LDFs Sample files and sample actuarial study to help you get started
An updated look for Loss Forecaster Loss Forecaster has an updated user interface rich in hyperlinks, graphics and other tools to make your use of the system easier than ever. Although the main menu (or Home page, as we now call it), has changed quite a bit, the functions are grouped in commonsense categories and the actual data entry screens will still be very recognizable to you. Loss Forecaster functionality is now organized into six major areas:
The sixth area has dynamic links which may change (after a software update) to emphasize new information or functionality pertaining to the software. If you're a user of our popular ModMaster software, you'll recognize the new Loss Forecaster for its similarity to that software! See the column at the right for more information about getting around the new LF.
Improved definitions and explanations available in both software-based and web-based help On-screen text and hyperlinks are used extensively for local and web-based help. The title of each page is a hyperlink that provides an overview of that page. Most pages also have an "I want to..." pull-down box with additional options for web resources that relate to the page. On detail screens, each data entry or display field is labeled with a hyperlink that explains more about that specific field, and sections of the screen also have hyperlink labels.
New ways to navigate through Loss Forecaster The familiar right and left arrows will take you from the home page to file creation and through all the data entry steps for a loss projection or reserve analysis, ending at the Reports and Graphs page. You can also navigate to all system functions through the menu hierarchy or by using the pull-down menu at the top of the screen.
Up to 15 policy periods now supported By user request, analysis capacity has been increased from 10 to 15 policy periods for both loss projections and reserve analyses. The Number of Policy Periods field is located on the Analysis Setup Data page.
Additional exposure options for loss projections For greater flexibility, you can now select from more exposure options, which vary depending on the chosen line of coverage. Both the line of coverage and exposure are selected on the Analysis Setup Data page.
State-specific loss development factors (LDFs) available for workers compensation analyses Workers compensation loss projections or reserve analyses can now use state-specific loss development factors. When you select "workers compensation" as the line of coverage on the Analysis Setup Data page, a "Workers Compensation Optional Input" area appears where you can specify use of national or state factors. Weighted use of multiple state factors, such as Missouri - 25%, Kentucky - 25%, Tennessee - 50%, is supported.
Easier-to-understand method for entering excess losses A pop-up subform is used to enter and display excess losses, and the impact of those excess losses is immediately shown on the Excess of Limit Data Input or Excess of Threshold Data Input pages.
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Videos
You may want to watch the Getting Started with Loss Forecaster video for a look at the new LF!
FAQs
If you're
accustomed to Loss Forecaster II, don't be alarmed by the the different-looking main menu.
We think you'll find use of the system easy and intuitive. Here's how to do the common functions in
the new LF:
How do I open a file?
From the pull-down menu, mouse over
Loss Analysis Data and then click
Select a file,
OR
from the Home
page, click the Loss Analysis Data
link. This takes you to the Loss Analysis Data page, where you can click
the Select a file link.
Note that Loss Forecaster II files (*.lf2)
cannot be opened in the new Loss Forecaster. The new Loss Forecaster can
open only *.lf3 files.
How do I start a new file?
From the pull-down menu, mouse over
Loss Analysis Data and then click
Create a
file, OR
from the Home page, click the
Loss Analysis Data link. This takes you
to the Loss Analysis Data page, where you can click the
Create a
file link.
You will be prompted to enter a file name.
An extension of .lf3 is automatically used for the file.
How do I copy a file?
From the pull-down menu, mouse over
Utilities and then click
Copy, OR
from the Home page, click the
File Utilities link. This takes you
to the Utilities page, where you can click the
Copy link.
How do I delete a file?
From the pull-down menu, mouse over
Utilities and then click
Delete, OR
from the Home page, click the
File Utilities link. This takes you
to the Utilities page, where you can click the
Delete link.
How do I print a report?
First open the desired file, then
From the pull-down menu, click
Reports and Graphs,
OR
from the Home page, click the
Reports and Graphs link.
Once you're on the Reports and Graphs page, you will
need to click on the desired report name and then click Print Preview or
Print Now to view the report or send it to the printer.
How do I print a graph?
Graphs are now automatically included as part of the
report package.
How do I set the "prepared by" and graphics file
for my reports?
You can specify your company name, address, slogan,
logo, etc. on the System Preferences page.
From the pull-down menu, mouse over
System... and then click
Preferences,
OR
from the Home page, click the
System Preferences link.
Still have a question? |
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Updated report format automatically includes graphs The graphs available in Loss Forecaster II are now automatically included in the report package for a loss projection or reserve analysis.
New option to view system LDFs From the Home page, you can click the System Loss Development Factors link to view LDFs by line of coverage. You can also access this data from the pull-down menu by mousing over System... and then clicking Loss Development Factors.
Sample files and sample actuarial study to help you get started The sample files "Sample Loss Projection 2006.lf3" and "Sample Reserve Analysis 2006.lf3" are automatically installed with Loss Forecaster (into the destination folder, typically c:\Loss Forecaster) so that you can select these files in Loss Forecaster and step through the analysis to get a better idea of how Loss Forecaster works. The Getting Started with Loss Forecaster video also shows a sample file analysis in a screen-by-screen method. If you need these files again, you can download them by clicking the links below:
Sample Loss Projection 2006.lf3 Sample Reserve Analysis 2006.lf3
Loss Forecaster users may also be interested in viewing the SIGMA Sample Study to see an example of how LF's support affiliate, SIGMA Actuarial Consulting Group, would further present this type of information in an actuarial study.
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