Archer Loss Event Management allows organizations to capture inventory actual loss events and near misses, as well as relevant external industry-related loss events. Coupled with adjacent applications, loss event root cause analysis can be performed to understand why the loss occurred and take appropriate actions to reduce the likelihood and impact of similar future losses. Loss events can be evaluated as part of top-down risk assessments and risk self-assessments, if utilized. Loss events can also be exported to perform Monte Carlo simulations of operational risk using external Monte Carlo engines, such as Palisade @Risk.
For the key features and benefits of this use case, see the Data Sheet on the Archer Community: https://community.rsa.com/docs/DOC-40093
Archer Loss Event Management
Archer Loss Event Management allows organizations to capture and inventory actual loss events and near misses, as well as relevant external industry-related loss events. Coupled with adjacent applications, loss event root cause analysis can be performed to understand why the loss occurred and take appropriate actions to reduce the likelihood and impact of similar losses occurring in the future. Loss events can be evaluated as part of top-down risk assessments and risk self-assessments, if those are utilized. Loss events can also be exported to perform Monte Carlo simulations of operational risk using external Monte Carlo engines, such as Palisade @Risk.
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