What is ReservePrism?
ReservePrism@2011 is an advanced enterprise actuarial loss reserving and pricing platform. ReservePrism analyzes, parameterizes, and fits your claim data into its advanced R simulation engine. By simulating claims that have similar statistical characteristics (e.g. lags, payments, frequency, case reserves, adjustment, etc), ReservePrism produces IBNR claims, develops OPEN claims, and combines CLOSED claims, which will finally yield confidence interval of ultimate losses and reserves.