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FrontOpRisk enables: |
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Basel II and Solvency II compliance |
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Reduction of operational losses |
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Optimization of insurance expenses and capital allocation |
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Higher visibility on business performance |
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Operational Risk Management - Functional modules: |
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Operational Risk & Process Map:
Modelling of organization modelling and of activity into processes, operational risk identification and assessment, controls and action plans. |
Process & Risk Map |
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Incident management:
Incident collection and qualification, impact assessment and logs, associativity with process & risk map, validation workflow, advanced search functionalities. |
Incidents |
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Capital Allocation:
Statistical script design, data set definition, internal model implementation, execution and result comparison. This solution offers an automation process for the calculation of the optimal amount of capital to be allocated, and the possibility of thoroughly auditing this calculation process to present it to the regulator. |
Calculation |
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Insurance engineering:
Policies identification, associativity with risks and incidents, operational risk coverage report, and incident indemnity report. |
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Reporting :
A reporting software module enables you to automate all reports and indicator dashboards associated with operational risk management, be it for internal monitoring or for regulators. |
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