Our job is to quantify major risks using scenarios consistent with the business and the strategy of our clients. We use a structured approach that leads to the construction of a scenario and its quantification in our MSTAR software.
Quantification of risk scenarios is a demanding process that enhances risk steering and risk cost control. It reinforces the role of the risk manager and its relationship with the business strategy.
For more than 15 years Elseware invests an important part of its result in research.
We believe that this investment in tools and methods is a guarantee of quality, differentiation and performance to better meet the needs of our clients.
This effort is now officially recognized by the Ministry of Higher Education and Research, which granted us approval for “Credit Impôt Recherche”, in many areas, particularly in the modeling of risks and interdependencies, systemic risk, stress tests, collaborative risk management.
This certification allows our customers to innovate and benefit from tax deductible Elseware services.
- A reinforced strategy-risk management link
- A more striking risk management’s message
- The risk management acting as a “knowledge hub”
- A better understanding of the risks
- Less assessment biases
- Indicators specifically related to the risks
- A correct appraisal of risk interdependencies
- Better risk control
- Better negotiation with insurance companies
- A rational allocation of the reduction budget
