What People Say About Risk Explorer

We know that honest, reliable and ongoing feedback from our clients is essential for the continued success and development of our products and that the best marketing tool is a reference from a satisfied client. These are some of our "testimonial" statements.

On functionality:

1. Risk Explorer is very easy to use, with a familiar Microsoft Office application layout.
2. Risk Explorer can do more than other alternatives and is more sophisticated.
3. It enables the company to model itself holistically, pricing individual deals as well as the aggregate, and can constantly monitor the solvency position.
4. It can carry out financial analyses that were not possible before, and cope with variables that conventional accounting programs cannot manage (they deal in fixed figures, unlike Risk Explorer).
5. For calculating distributions, Risk Explorer is second to none.
6. Risk Explorer can project the impact on Profit & Loss of any event (e.g. catastrophe) and indicate the best reinsurance option according to defined risk preferences and affordable levels of the probability of ruin.
7. Any form of analysis will require data preparation - that's common to all systems. However, in the procession, Risk Explorer is vastly quicker.

On efficiency:

8. It is very fast. Profiles that would take a team of experts months can be accomplished, from scratch, in a couple of weeks. Analysing scenarios can be done much faster - typically, in minutes.
9. Risk Explorer uses powerful statistical methods to support strategic decisions.
10. It is excellent (and fast) for simulations (especially larger ones) and for financial statement projections.
11. It improves operational effectiveness by 20-30 per cent, and is faster than conventional analyses by a factor of 10.
12. It makes the projections transparent, and employs well-established modules of statistics and mathematics.
13. Risk Explorer's analyses are totally transparent, unlike the 'Black Box' approach of competitors.

On broader business advantages:

14. It enables users to convince external agencies of their ability to manage risk, with accurate projections rather than approximations.
15. It improves competitiveness and profitability, and convinces others of their profitability (important for investors).
16. It makes pricing more specific and accurate, and enables them to avoid under-priced risks (where the market determines the premium).
17. They can now tender for business that requires them to demonstrate expertise in risk management.
18. As trusted advisors to clients, insurers can back up their experience and judgment with statistical and mathematical processes.