The following article is taken from Property Casulty 360 from the November, 2012 issue.
risk managers looking to utilize their mobile devices for help with their daily risk-mitigation efforts may consider these 10 smartphone and tablet applications designed to assist with such tasks as identifying the effects of a supply-chain disruption; staying on top of emerging exposures overseas; and choosing among deductible options.
Risk Report – Application that helps risk managers keep track of their organization’s potential risks. Users can record risk-related events as they occur ad email them to supervisors.
Citicus MOCA – is a risk-management application that identifies the various effects that supply-cain disruption can have on a business. The app enables the user to list the company’s resources, exposures and probability of risk-event occurrence.
Zurich Risk Room – provides global risk analysis based on publicly available regional data on 150 nations’ vulnerabilities to water shortage, energy price fluctuations, political unrest and 63 additional risks.
Deductibles – takes some basic information such as claims history, insurance-deductible and insurance-premium options and calculates for risk managers the deductible options that would give the client an optimal cost of risk.
Breach Report – records compliance or procedural breaches within an organization, noting their individual impact and frequency.
Strategy and Risk Studio – allows risk managers to map and monitor their company’s key risk, performance and control indicators as well as assign risk accountability to other parties.
Risk Calculator Chart – helps automatically calculate and chart risk using data input by the user, automatically generating risk charts for visual presentations. It organizes risk by name, severity and likelihood and plots business exposures on a color-blocked spectrum ranging from green to red.
Marsh Risk management Research – is a wide-ranging database featuring research, analysis and white papers on modern business risks such as catastrophe and cyber exposures. The application tracks each country’s exposure landscape as it fluctuates over time.
WorldAware – this app is for risk managers and other insurance professionals who may be visiting the world’s more dangerous destinations. the app compiles travel information regarding currency, situational advisories, emergency telephone numbers and customs contacts, an emergency telephone numbers and customs contacts, and embassy GPS locator, and transportation and communication info.
Risk Decision Tree – a graph-based decision-making tool that maps risk-mitigation strategies and their possible outcomes, showing the enterprise value or loss that could arise.