KRRIS

Quantitative Risk Assessment made easy

Key Risk Rating Indicator System (KRRIS©)

  • The quick and easy way to quantify risks
  • Provided in response to insurance market requirements
  • Developed by Charles Taylor technical
  • Based on key factors and industry specific exposures
  • Each location can be comprehensively analysed
  • Methodology and ratings are clearly defined
  • Designed to be open and dynamic 
  • Publicly available
  • Easily downloadable

KRRIS - What Would You like to See?

The KRRIS methodology is  very popular and has been used by many leading Insurance Brokers, Underwriters and Industires. 
Six versions have been developed covering:

  • Oil, Gas and Petrochemicals
  • Offshore Oil and Gas
  • Power Generation
  • Mining
  • Construction
  • General Property

The versions on website contain the basic KRRIS methodology. Versions used by CTt in-house are being continuosly developed and contain additional features, such as:

  • An increased level of information on the presentation sheet
  • The ability to compare ratings from previous surveys
  • The ability to determine the degree of improvement if risk improvement recommendations are implemented
  • Additional reference information relating to the practice, standards, or case histories
  • Colour coding of the rating boxes to give a clearer indication on specific aspects.

We are always interested in feedback from users of KRRIS to ensure maximum user friendliness and accuracy/precision in use. We cannot guarantee that all comments received will be incorporated but we have managed to act on  most of the general comments  received to date. Major revisions to the current versions of KRRIS are not anticiapted. All comments are welcome. Ideas currently being considered include:

  • Additional printer ready versions of the Hardware, Software and Protections worksheets.
  • An additional sheet ranking the individual elements so that weak and strong features can be readily identified
  • links to relevant websites

We welcome your views.

How Does it Work?

KRRIS© is constantly upgraded based on feedback from users.

KRRIS© for Energy & Petrochemical risks is available free of charge from this website. Additional KRRIS© versions have been developed for use in other industries such as Construction, Power Plants, General Industry, etc.

Send us your comments, or E-mail KRRIS@ctcplc.com