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What is Riskion?

Riskion® is Expert Choice's all-encompassing risk management tool designed for organizations that require more than simple or spreadsheet-based risk evaluations. It implements a structured and systematic framework to identify risks, their root causes, related events, and possible consequences across the organization, employing mathematically sound, ratio-scale assessments rather than just conjecture. By promoting collaborative contributions from stakeholders, it enables decision-makers to leverage the collective knowledge and see the relationships between various risk factors, triggers, and mitigation approaches. Additionally, Riskion allows for the evaluation of events with both low and high probabilities, supports scenario analysis, and enhances resource allocation for efficient risk management. The inclusion of visual elements, like "bow-tie diagrams," effectively illustrates risk pathways and exposures. Furthermore, Riskion seeks to improve accountability, provide trustworthy risk evaluations, and simplify decision-making processes by reducing uncertainty and enhancing clarity within the organization. This ultimately empowers teams to proactively address potential challenges and adapt to evolving risk landscapes.

What is RiskStar?

RiskStar is an innovative software solution specifically designed for risk pools and state risk managers, facilitating the efficient management of property risks and exposures with its flexible, modular capabilities. This platform encompasses crucial tools for accurate property valuation, featuring tailored models for calculating replacement costs, in addition to comprehensive data management and underwriting functionalities. Developed with input from specialists in property appraisal and risk management, RiskStar empowers organizations to effectively produce and compare property values, keep replacement cost estimates current on an annual basis, manage licensed vehicles and insurance policies, and organize fixed assets. By delivering actionable insights derived from extensive data, it boosts member engagement through advanced technology and aids in meeting underwriting requirements amid changing market conditions, while being specifically crafted to meet the distinct demands of risk pools, ensuring their efficient operation within a complex landscape. Additionally, the user-friendly design and adaptable features of RiskStar make it a viable choice for organizations of various sizes, providing them the flexibility to modify their risk management approaches as necessary, ultimately enhancing their overall operational efficiency. This adaptability is key in navigating the challenges posed by the ever-evolving risk landscape.

Media

No images available

Media

Integrations Supported

Additional information not provided

Integrations Supported

Additional information not provided

API Availability

Has API

API Availability

Has API

Pricing Information

$6,000/month
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Expert Choice

Date Founded

1983

Company Location

United States

Company Website

www.expertchoice.com/riskion/

Company Facts

Organization Name

Centurisk

Company Location

United States

Company Website

centurisk.com/riskstar/

Categories and Features

Decision Support

Application Development
Budgeting & Forecasting
Data Analysis
Decision Tree Analysis
Monte Carlo Simulation
Performance Metrics
Rules-Based Workflow
Sensitivity Analysis
Thematic Mapping
Version Control

Risk Management

Alerts/Notifications
Auditing
Business Process Control
Compliance Management
Corrective Actions (CAPA)
Dashboard
Exceptions Management
IT Risk Management
Internal Controls Management
Legal Risk Management
Mobile Access
Operational Risk Management
Predictive Analytics
Reputation Risk Management
Response Management
Risk Assessment

Categories and Features

Risk Management

Alerts/Notifications
Auditing
Business Process Control
Compliance Management
Corrective Actions (CAPA)
Dashboard
Exceptions Management
IT Risk Management
Internal Controls Management
Legal Risk Management
Mobile Access
Operational Risk Management
Predictive Analytics
Reputation Risk Management
Response Management
Risk Assessment

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