VaRisk Risk Profile is a computer program running on Microsoft Windows and on the web to control the risk profile of all business units in the company. The software helps the performance of companies with many branches or business units.
User-defined Risk Category, Line of Business & Risk Level Category
Supports Loss Event Database (Near Miss, Direct/Indirect Loss)
Supports Key Risk Indicators (Early Warning System)
Calculates Inherent Risk, Control Level & Net Risk
Displays a summary of the risk profile in the form of a graph visualization of the risk profile with colors that identifies risk profile rankings
Calculates OpVaR using Monte Carlo Simulation and Extreme Value Theory based on LED