Aggregation and Calibration Risk Values

Sometimes it may be necessary to evaluate the appropriateness of the designated risk weights. To assess and adjust these values, you can use the Aggregation and Calibration risk options. These tool enable you to conduct simulations and effectively adjust the weights assigned to risk parameters.

To configure Aggregation and Calibrations risks options of a Business Line follow these steps:

1. Select your company and go to Settings.
2. Go to Business Lines.
3. Click on your Business Line.
4. Use the Aggregation and Calibrations options to simulate risks.

Note: It is necessary to have the Risk section activated to access Aggregation and Calibration risk options.

Aggregation

Use this section to create simulations with various parameter values and different dummy Businesses and Persons. Use this simulation to adjust your Risk Values.

Note: To create simulations, you should first develop dummy entities. Refer to the Calibration section for further information.

To create risk simulations:

1. Enter in the Aggregation section.

2. Select Base Entity. 

3. Use the "+" button icons to link dummy entities and make a graph tree.

4. Use Risk Aggregation section to set the rules of the simulation.

5. Use Risk Related Weights to change between Keep Highest (keep the highest risk value) or Weighted (weighted average).

Calibration

Use this section to create and calibrate dummy entities for simulation purposes.

Use the Risk Calibration to establish the level of risk of what will happen if a question is not answered.

To create a dummy entity follow these steps:

1. Enter in Calibration section.
2. Click on the add an dummy entity button.
3. Choose between Person or Business, fill the fields and click on Save.

Establish the parameters for the entities that are being created. To do this follow these steps:

1. Go to Calibration section.
2. Click on the dummy entinty created.
3. Set values for the parameters and click on Apply Changes button.