As corporates become increasingly integrated, they face increasing event complexity from threats such as political violence, supply chain, natural peril, credit and cyber which can be inter-related in the same event and amplify exposure. Such connected risk events affect corporates at multiple levels, as the assets and activities at each level receive risk from the event and, cause severe operational disruption and financial consequences.
The connected risk framework is an integrated risk management approach which rationalises the risk classes into a platform that fully supports the similarities and differences whilst delivering data, analytics and visualisation for risk and solvency management
The ALPS platform supports has integrated processes for single and multiple classes of business, a typical process being – portfolio and underlying industry data, naming convention and analytics.
The ALPS platform utilises the connected risk framework to enable corporates to better manage increasing event complexity and has five core areas of functionality:
Integrated Data – data ready platform
Connected Risk Framework – multi-class architecture for actual and modelled events
Exposure Management - portfolio exposure analysis
Pricing –simulation of risk pricing
Portfolio Modelling – simulation of portfolio profitability and capital utilisation
Visualisation – geographic visualisation of portfolio exposure
Remote – cloud-based hosting
The ALPS Platform drive the output through a visualisation layer which enables a user to visualise their company exposure and that from their clients by geography, industry sector, financial measures, hazard and threat zones, and user-defined areas.