Scenarium.OR is a best of breed web-based software for the management of operational risk using operational risk scenario analysis evaluation, modelling, quantification, economic capital calculation and mitigation. The modelling and quantification are designed to translate risk metrics into economic value metrics such as capital requirements, cost of risk and NPV of mitigation investments. This design permits to boost the buy-in from senior and upper management on the operational risk management program and maximises the influence of the operational risk function over the organization.
Structured Scenario Analysis is used by multiple leading international institutions (banks and insurance companies) in the determination of capital requirements for Basel`s Pillar 2 and ICAAP and Internal Models and ORSA under Solvency II. It has received 5 awards by Risk.Net and InsuranceERM including Best Scenario Software of the Year (2018 and 2019), Best Stress Scenario Software and Best Operational Risk Solution (contact AnalytiX Boutique for a demo and commercial details).