The Analytics Boutique, Structured Scenario Analysis

Best operational risk solution: The Analytics Boutique, Structured Scenario Analysis

 

The Analytics Boutique (TAB), a UK-based risk analytics vendor that collects and manages operational risk scenario analysis for capital modelling and risk mitigation, is the winner in this category for its thorough and innovative approach.

Its modelling and Monte Carlo simulation allows for risk estimates to be spelt out financially, rather than creating the traditional traffic lights and risk maps.

Rafael Cavestany Sanz-Briz, the founder and chief executive of TAB, says: "We provide a wide-ranging solution that incorporates loss collection and all other aspects for complete operational loss management. Overall, we provide a comprehensive analysis of operational risk."

He adds: "Based on granular analysis of this modelling, we are able to create the [picture] of the overall loss distribution and also we provide loss forecasting methods for operational loss."

Among the ways SSA can help clients include scenario planning, advanced modelling and a regulatory approval report.

For example, in scenario planning, potential risk scenarios can be identified, voted and ranked by selected experts.

With TAB's advanced modelling, an aggregated answer is modelled with capital stability analytics, incorporating tail shape information from external loss data.

The judges applauded TAB's strong operational risk modelling functionality that allows insurers to understand their risk exposures and potential losses.