Risk and safety managers often frame answers to key risk questions in geographic terms. Reporting and analytics give the ability to transform all your data into easy-to-read and interactive charts and graphs that aid decision making. All risk management software vendors provide some level of built-in reporting and mapping, but the depth and ease of use will vary greatly.
Following are important risk reporting software and mapping features that will help you visualize risk data:
- Standard templates
A library of reports at your fingertips, including premium loss ratio, property banding report, top 10 causes, internal benchmarking, point-to-point comparison, property and asset maps, loss triangles, and premium movement.
- Self-service dashboard building
Effortlessly create literally any dashboard or report you need.
- Interactive reports
Fully interactive reports allow you to view data from an enterprise-wide level to a specific element, risk and exposure. This will enable you to quickly interpret data, establish root causes and play out different scenarios.
- Offline reports with full functionality
This enables viewers to have the flexibility to investigate and control the data, without being online or connected.
- Risk mapping
Overlay your property and asset risks with NATCAT and political upheaval information to add context to your exposures and territories.
- Mobile access
All your reports should be accessible on tablets and smartphones. In addition, you should have the capability to build additional reports while on the move.
- Workflow and distribution
The ability to define workflows and, automatically schedule and distribute reports, in a wide range of formats.
A quality risk mapping tool is an increasingly important offering within any risk management information system. For more answers on selecting a RMIS system that's right for your organization, check out our free eBook, The Definitive Guide to a Risk Management Information System.