Risk Analysis Suite is a Revolutionary web based analytical management reporting system that it used by large companies to govern and analyse their critical risk investment. RAS is used by a broad spectrum of industries, to establish and analyse all types of risk.
RAS is a strategic tool designed for companies and corporations requiring sound management of risk exposures and on-line information on how risks are financed by self-insurance solutions, insurance programmes or other available financial tools. All relevant information is based on international requirements. Moreover, the RAS-system accommodates basically all branches of industry. It is recommended that employees responsible for risk management or reporting on matters with a bearing on corporate insurances operate the system. Information handled by the system range from key information, periods, insurance types, sums insured, deductibles, premium terms and conditions, claims handling, technical asset information, projects and, of course, the security behind the insurance. The latter also includes Standard & Poor financial rating and exposed amount.
All categories of users – in for example head offices, oil platforms, vessels, yards, factory a hotel – will considerably reduce their time consumption on information retrieval and processing as a result of the RAS system’s centrally stored and coordinated data. The system is particularly beneficial because of the significant reduction in workload for tenders, in connection with renewals and amendments during the year, since most of the information is transmitted electronically and the central database is updated simultaneously.