ERM Applications
Enterprise Risk Management tools — risk identification, heat mapping, VaR and TVaR capital modelling, stress testing, and solvency analysis based on COSO ERM 2017 and IAIS standards. The Solvency Model tab lets you enter three years of premium, claims, expenses, and investment data to compute combined ratios, annual surplus, and a solvency ratio gauge.
Board-level oversight, risk appetite statement (RAS), risk committee structure and three-lines-of-defence model (1LOD operations, 2LOD risk function, 3LOD internal audit).
Top-down (strategic risks) and bottom-up (operational risk) identification processes — risk workshops, scenario analysis, external risk horizon scanning.
Qualitative and quantitative assessment of inherent and residual risk using likelihood × impact scoring, VaR, tail risk and scenario-based stress testing.
Treatment options: Accept, Avoid, Transfer (RI / captive), Mitigate. Control effectiveness monitoring and KRI (Key Risk Indicator) dashboards.
Risk appetite limit monitoring, ORSA cycle, regulatory returns (Solvency II — QRTs, SFCR, RSR), internal risk dashboards and board risk reports.
COSO ERM Components
Live DemoCOSO Enterprise Risk Management — Integrating with Strategy and Performance (2017)