insights & updates
Insights, News& Case Studies
News & Insight
Tools Built for Risk Professionals
MSTAR is the leading suite for designing, simulating and quantifying your operational risk scenarios.
News
Answers to PRA SS5/25 - Cimate scenario analysis for insurers
We are delighted to introduce our joint solution to respond to the challenge of managing Climate-related financial risk and meet the PRA expectations for Insurers. Sicsic Advisory and ELSEWARE bring together complementary expertise in quantitative modelling, risk management and governance to support a credible, proportionate and compliant implementation plan.
Insight
Modeling Climate Impact on Insurers’ Balance Sheets
Climate risk now affects insurers across both sides of the balance sheet. Elseware has developed a transparent, scenario-based framework to quantify climate impacts on assets and liabilities portfolios.
News
Making Operational Risk Part of the Business Stragegy
We hosted a roundtable on the future of operational risk quantification, a great opportunity to discuss how the industry can move beyond RCSA, address the challenges CROs face, and explore how exposure-based models can reshape decision-making. A warm thank you to Olivier Vigneron (CRO, Barclays Bank Plc), Efe Cummings (Global Head of Operational Risk, Nomura), and Luke Carrivick (Executive Director, ORX) for sharing their insights and contributing to a rich discussion.
Insight
Climate Stress on Operational Risk
Climate Stress will impact Operational Risk through various causal paths, including:
News
Regional banks favour scenario analysis over op risk modelling
We’re proud to share that Elseware/MSTAR have been featured in Risk.net's Operational Risk Benchmarking 2025. Based on feedback from a leading bank, the article highlights how MSTAR can improve confidence in scenario models.
Insight
Operational Risk: Why CROs Still Fly Blind
At Elseware, we believe that operational risk is ready for a fundamental shift — one that mirrors the quantitative revolutions that transformed credit and market risk decades ago. This article is our manifesto. It defines how we see the future of operational risk management: grounded in exposure, driven by real scenarios, and directly linked to business value.
Insight
TCFD - Metrics and Targets
As part of the preparation of a TCFD report, financial institutions need to establish a measurement framework.
News
Elseware at RiskMinds 2025: Shaping the Future of Operational Risk
Elseware is sponsoring this year’s RiskMinds International 2025. As part of our commitment to advancing the field, we’re excited to host a round table discussion on the future of operational risk quantification, with a spotlight on a topic that’s close to our DNA: structured scenarios:
Insight
Climate Stress on Corporate Credit Risk
To assess the impact of climate change on corporate credit risk, we define two indicators for each borrower:
Blog
Financial Risk Management Techniques
Financial risk involves potential losses from market fluctuations and credit issues, requiring effective management strategies.
.jpeg)
News
MSTAR/ABA online training: Financial Risk: Structured Scenario Analysis Series.
This webinar series introduces participants to exposure-based methods in operational risk, and explores a robust and structured method of developing scenarios and assessing the associated loss estimates.
.jpeg)
News
Olivier Vigneron to become Group Chief Risk Officer of Deutsche Bank.
Congratulations for this new chapter that opens at Deutsche Bank! We are proud and grateful that Olivier was one of the first promoters of the XOI method for operational risk, and to have worked with him and his teams for many years. Greetings and thanks from the MSTAR team.
Interested inOur Research?
Contact us to learn more about our projects or to explore collaboration opportunities with our research team.