SWISSNOR
Enterprise Risk Management solutions for global businesses
Application Capabilities
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.
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.
(guest login)
Better measurement and understanding of risk gives organizations more confidence about making strategic decisions to build the business
Zurich Insurance Company and Harvard Business Review Analytic Services