The logic behind the Montage Risk Index™
The Montage “Intelligent Risk Index™” engine “thinks” like a team of cross-functional experts.
This human behavioral understanding in both the questions and the assessment:
- from the way the risk engine “interviews”.
- to how it analyzes responses.
How users generate a Montage Risk Index™
- The process begins when an individual who is knowledgeable about the internal procedures and culture of a company - completes the online ‘point and click’ questionnaire.
- After each response, the Montage Risk Index™ engine maps cause-and- effect relationships among key variables. During this process, each question’s answer is analyzed and the intelligent and non-linear aspects of the risk engine determine the next question to be asked.
- The questionnaire is dynamic – the next question asked depends upon the previous response.
- Immediately upon completion of the questionnaire, the Montage Risk Index™ engine generates the Montage Risk Index™.
Expand the power of the Montage Risk Index™ with optional reports
The Montage Risk Index™ generates a variety of optional reports pertinent to each unique Montage Risk Index™ number. The reports explain risk drivers in an individual business to avoid loss.
- Montage Risk Index™ Report: explains, in one page, what the number represents.
- Diagnostic Report: describes the top three contributing risk factors in order of importance and priority, providing links to resources for risk mitigation.
- Analytic Reports:
- isolate significant areas of business risk to:
- prioritize allocation of loss prevention and education resources
- compare risk levels in different business lines to:
- prioritize risk avoidance efforts
- track risk trends
- provide information to strengthen internal controls
- improve premium pricing
11/13/2009
