Average Ratings 0 Ratings
Average Ratings 0 Ratings
Description
Operational Risk Management, as outlined in the Basel Banking Accord, refers to the potential for direct or indirect losses stemming from inadequate or failed internal processes, personnel, systems, or external events. Regardless of the nature of your enterprise, operational risk threats emerge even before any products are offered to the market. By gaining insight into these risks, including their likelihood and potential impact, businesses can focus on implementing effective controls for the most critical threats. Furthermore, comprehending the root causes of issues can aid employees in enhancing their operational practices, minimizing costly mistakes, and ensuring a high standard of service delivery to clients. The tracking of Loss Data, commonly known as internal data, involves meticulously recording incidents of loss and correlating those data points to specific business units, processes, and control failures that either caused or contributed to the issues. This systematic approach not only helps in mitigating risks but also fosters a culture of continuous improvement within the organization.
Description
A comprehensive risk management solution tailored for executing the sophisticated analyses essential for mastering your risk landscape. Gain clarity on your potential loss exposure from severe events both in the present and the future. Increasingly, organizations are opting for Touchstone® as their go-to platform for extreme event risk modeling, as it addresses the growing demands for enhanced performance, transparency, and adaptability. Transition seamlessly from data collection to actionable insights with unprecedented efficiency. Touchstone facilitates near real-time decision-making, providing the insights you need rather than just an overwhelming amount of data. Minimize the time spent on waiting for information. By consolidating both internal and external perspectives on risk within a single comprehensive platform, Touchstone enhances business agility and fosters innovation. Additionally, it empowers you with the adaptability to incorporate your unique claims experience, apply assumptions drawn from your internal studies, or conduct sensitivity analyses by adjusting loss parameters related to extreme events based on geography, event specifics, primary exposure traits, and more. With Touchstone, you can confidently navigate the complexities of risk management and drive strategic decisions effectively.
API Access
Has API
No
API Access
Has API
No
Integrations
No details available.
Integrations
No details available.
Pricing Details
No price information available.
Free Trial
No
Free Version
No
Pricing Details
No price information available.
Free Trial
Yes
Free Version
No
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
No
Mac
No
Linux
No
Chromebook
No
Deployment
Web-Based
No
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
Yes
Mac
Yes
Linux
No
Chromebook
No
Customer Support
Business Hours
No
Live Rep (24/7)
No
Online Support
Yes
Customer Support
Business Hours
Yes
Live Rep (24/7)
No
Online Support
Yes
Types of Training
Training Docs
No
Webinars
No
Live Training (Online)
Yes
In Person
No
Types of Training
Training Docs
Yes
Webinars
Yes
Live Training (Online)
Yes
In Person
Yes
Vendor Details
Company Name
Azilon
Website
www.azilon.com/products-rm.asp
Vendor Details
Company Name
Verisk
Founded
1971
Country
United States
Website
www.air-worldwide.com/software-solutions/Touchstone/
Product Features
Product Features
Risk Management
Alerts/Notifications
No
Auditing
Yes
Business Process Control
Yes
Compliance Management
No
Corrective Actions (CAPA)
No
Dashboard
Yes
Exceptions Management
No
IT Risk Management
No
Internal Controls Management
No
Legal Risk Management
No
Mobile Access
No
Operational Risk Management
No
Predictive Analytics
No
Reputation Risk Management
No
Response Management
No
Risk Assessment
Yes