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Average Ratings 0 Ratings

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features
design
support

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Write a Review

Description

Riskion® serves as Expert Choice's comprehensive risk management solution tailored for organizations seeking more than just basic or spreadsheet-driven risk assessment. It establishes a methodical and systematic approach to pinpoint risks, their underlying causes, events, and potential outcomes throughout the organization, utilizing mathematically robust, ratio-scale evaluations instead of mere speculation. By facilitating collaborative input from stakeholders, it allows decision makers to harness collective expertise and visualize connections among various risk factors, triggers, and mitigation strategies. Riskion also enables the assessment of both low and high probability events, facilitates scenario comparisons, and optimizes resource allocation for effective risk treatment. The use of visual tools, such as "bow-tie diagrams," effectively conveys risk pathways and exposures. Ultimately, Riskion is designed to enhance accountability, deliver dependable risk assessments, and streamline decision-making processes by minimizing uncertainty and fostering clarity within the organization, thereby empowering teams to respond proactively to potential challenges.

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 

Screenshots View All

No images available

Screenshots View All

Integrations

No details available.

Integrations

No details available.

Pricing Details

$6,000/month
Single Seat: $6,000/month
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 Yes 
Mac Yes 
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

Expert Choice

Founded

1983

Country

United States

Website

www.expertchoice.com/riskion/

Vendor Details

Company Name

Verisk

Founded

1971

Country

United States

Website

www.air-worldwide.com/software-solutions/Touchstone/

Product Features

Decision Support

Application Development No 
Budgeting & Forecasting No 
Data Analysis No 
Decision Tree Analysis No 
Monte Carlo Simulation No 
Performance Metrics No 
Rules-Based Workflow No 
Sensitivity Analysis No 
Thematic Mapping No 
Version Control No 

Risk Management

Alerts/Notifications No 
Auditing No 
Business Process Control No 
Compliance Management No 
Corrective Actions (CAPA) No 
Dashboard No 
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 No 

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 

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