New ways to meet risk challenges will be focus at conference
BOSTON, April 2, 2012 – MEGA, noted leader in governance, risk, and compliance (GRC) solutions, will share best practices in risk management at the Risk and Insurance Management Society (RIMS) conference in Philadelphia, April 15-18, 2012.
Risk experts from MEGA will share tips and ideas with conference attendees. They will discuss:
- The challenges of risk management and how to embrace practical solutions for positive results
- What proven methodologies work in difficult situations
- How to create an enterprise-wide risk culture that promotes collaboration and communication
Chief risk officers, risk managers, regulators, and other risk professionals at top insurance companies are seeking to transform regulatory requirements into competitive advantage and ensure market confidence in their risk and control programs.
To achieve this, MEGA’s risk experts advise adoption of software solutions with specific capabilities. Important features include support for the Advanced Measurement Approach (AMA) for operational risks, the loss distribution approach (LDA) with probability distribution functions and Monte Carlo simulations for VaR/eCap calculations. Complex operational risk modeling and scenario calculation with Bayesian networks are also available from the MEGA Suite, which generates reports for board members, auditors, and regulators.
“Our proven solutions help risk managers identify and mitigate threats to their companies and meet new regulatory requirements,” explained Lucio de Risi, CEO, MEGA.
The MEGA Suite has been cited in numerous analyst reports on GRC and risk management, including most recently being listed in Continuity Magazine’s Risk Assessment Software Report as “the foundation for a complete set of integrated GRC solution for risk managers, compliance managers, internal control and audit.” MEGA was also named to the Chartis 2011 RiskTech100 and a leader in the Chartis Operational Risk and GRC Software Solutions reports, and named a strong performer in Forrester Research’s The Forrester Wave: Enterprise Governance, Risk, and Compliance Platforms, Q4 2011.
MEGA provides risk solutions that help companies gain control over their operations and maximize business performance within acceptable risk levels. The Suite is used by leading companies to strengthen risk analysis, coordinate GRC processes, and establish a corporate governance approach to managing risk, especially within insurance companies.
MEGA is the only company offering comprehensive GRC solutions with more than 20 years of expertise in business process improvement. This has provided a strong and integrated foundation for highly efficient and effective GRC solutions.