Risk Modelling

Risk is a (quantifiable) probability of loss given an event occurring. The team employs multiple methods of computing the risk – factoring the risk vs. peril vs. hazard scores to arrive at the appropriate model to help identify the correct insurable amount. The team understands relationships between events, consequences and outcomes, assesses the likelihood and impact of possible outcomes, develops risk mitigation and response strategies so that quantification of risk or a model is prepared.