A database application for registering and tracking of risks, incidents, business impact analysis, risk treatment actions
➢ Strategy section allowing the company to define its risk tolerance limit and risk appetite by risk exposure.
➢ Incident reporting of losses, near-misses and success stories.
➢ Registration and maintenance of risk scenarios in the assessment section.
➢ Registration and monitoring of risk treatment actions (owner, status, target dates, etc.).
➢ Cost - benefit analysis of each risk treatment action (NPV, expected annual benefit, payback period).
➢ Library of risk treatment actions for each risk exposure and different risk treatment techniques.
➢ Loss forecasting by risk exposure.
➢ Module for optimization of insurance premium and risk transfer cost.
➢ Monte Carlo Simulation Engine for scenario analysis.