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What is Touchstone?

Introducing a thorough risk management solution designed for conducting the intricate analyses necessary to understand and control your risk environment. This platform enables you to gain insights into your potential exposure to significant losses from catastrophic events, both now and in the future. An increasing number of businesses are choosing Touchstone® as their primary tool for modeling extreme event risks, as it meets the rising expectations for improved performance, transparency, and flexibility. Seamlessly progress from gathering data to deriving actionable insights with remarkable efficiency. Touchstone supports near real-time decision-making, ensuring that you receive crucial insights rather than merely a flood of information. By reducing the time spent waiting for data, it allows for quicker action and response. Furthermore, by integrating both internal and external risk perspectives within a unified platform, Touchstone boosts business agility and cultivates innovation. It also grants you the flexibility to factor in your specific claims history, utilize assumptions from your internal analyses, or perform sensitivity assessments by modifying loss parameters linked to extreme events based on various factors such as geography, event characteristics, and specific exposure traits. With Touchstone, you can effectively navigate the complexities of risk management and make informed strategic decisions with confidence, ultimately enhancing your organization's resilience in an unpredictable landscape.

What is Azilon Risk Manager?

Operational Risk Management, as described in the Basel Banking Accord, encompasses the risks of potential losses, whether direct or indirect, stemming from insufficient internal processes, personnel issues, system flaws, or external events. This type of risk remains a persistent challenge for any organization, even prior to launching their products. By understanding these risks in terms of frequency and possible effects, companies can more effectively direct their resources to mitigate the most significant threats. Additionally, investigating the underlying reasons for failures allows employees to refine their operational methods, reduce costly errors, and maintain a high standard of service for customers. The practice of Loss Data, often referred to as internal data, entails the careful documentation of loss incidents while correlating these occurrences with particular business units, processes, and the control breakdowns that either triggered or exacerbated these events. This thorough approach contributes to building a more effective risk management framework. Moreover, through the establishment of systematic tracking and comprehensive analysis, organizations can foster an environment of ongoing enhancement and greater resilience to operational challenges. Ultimately, this commitment to improvement not only safeguards the company but also reinforces trust with stakeholders.

Media

Media

Integrations Supported

Additional information not provided

Integrations Supported

Additional information not provided

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
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

Verisk

Date Founded

1971

Company Location

United States

Company Website

www.air-worldwide.com/software-solutions/Touchstone/

Company Facts

Organization Name

Azilon

Company Website

www.azilon.com/products-rm.asp

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

Categories and Features

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