Invacare 2011 Annual Report Download - page 17

case reserves, are provided for incurred but not reported claims based upon actuarial valuations at the time such
valuations are conducted. Historical claims experience and other assumptions are taken into consideration to
estimate the ultimate reserves. For example, the actuarial analysis assumes that historical loss experience is an
indicator of future experience, that the distribution of exposures by geographic area and nature of operations for
ongoing operations is expected to be very similar to historical operations with no dramatic changes and that the
government indices used to trend losses and exposures are appropriate. Estimates made are adjusted on a regular
basis and can be impacted by actual loss awards and settlements on claims. While actuarial analysis is used to
help determine adequate reserves, the company is responsible for the determination and recording of adequate
reserves in accordance with accepted loss reserving standards and practices.
PRODUCT DEVELOPMENT AND ENGINEERING
Invacare is committed to continuously improving upon and renewing its product offerings. Invacare’s key
globalization initiative is moving from a local product development approach to address local markets, to a
primarily global product development approach, aimed at developing global product platforms. This strategy is
designed to enable the company to leverage its new product development cycle and offer more innovative
product solutions, while at the same time reducing complexity within the business and increasing cost-
effectiveness. By streamlining its engineering and product development capabilities on a global basis, Invacare
expects to further increase its industry leadership with the broadest range of product offerings in both homecare
and continuing care medical device equipment. This will uniquely position the company in a changing healthcare
environment.
The following are some of Invacare’s notable new products and product updates for 2011:
Global Products
The patented design of the Invacare®Glissando
TM
mattress features two sections of high density foam
and a layer that enables the top and bottom sections of the mattress to move independently as the bed is
articulated. The innovative gliding feature takes comfort and safety to a new level, minimizing friction and
shear that can contribute to costly pressure ulcers. This product, originally launched in Europe, is now being
distributed globally.
The Invacare®Top End®Reveal
TM
wheelchair is an ultra light weight performance rigid wheelchair in
the custom manual family of products. The Reveal wheelchair is a sleek, super lightweight chair that can
easily be adjusted for a customized fit and optimal chair performance. It employs the latest material
technology, 7005 series aluminum, for a smooth and energy-efficient ride. The wheelchair may be tailored
to ensure the best wheel access and efficiency by easily adjusting the center of gravity, rear seat height,
caster angle or back angle.
The new Invacare®Matrx®MX1 cushion is a lightweight, carbon-fiber back with a very lightweight
shell, exceptional durability and aesthetic appeal. It is contoured to provide stability to the hips and trunk,
without restricting upper body mobility. It is available in three height options and has three hardware
options to optimally fit the back to a wheelchair.
The Invacare®Rio
TM
bath lift features easy, tool-less installation, a modern, clean design with easy to
clean surfaces with no slots or rips, self-release suction cups that can easily be removed, a stationary
backrest and a compact, portable design.
The Invacare®Etude®Plus homecare bed, with its attractive aesthetics, flexible design and easy
handling, is ideal for homecare use. All the hallmarks and proven features of the popular Etude bed concept,
such as sturdiness, ease of handling and durability, are present in this new version. Etude
TM
Plus bed is easy
to transport and install in the home.
The Invacare®Leo
TM
3-wheel scooter offers a stable three-wheel base that provides a smooth, safe
drive and handles varying surfaces with ease. Features include a full lighting package, built-in splash guards
to protect the electronics and transaxle, comfortable seating that swivels and slides and flat free tires.
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