How a digital twin can create faster stress testing
Strategy groups are increasingly factoring in emerging risks using scenario sets. In a recent Enterprise Risk Management Survey, 63% of respondents said their company uses scenarios as part of their business risk analysis.
The most reported applications include: annual supplier renewal and reviews, capital allocations and reviews, company annual reports and viability statements, information technology infrastructure, insurance/reinsurance purchasing, preparedness planning, strategic planning, market assessments, and risk tolerance and appetite benchmarking.
The Cambridge Scenario Suite provides an extensive list of scenarios that have the potential to provide significant global-scale disruption to finance, economics and trade for companies operating in certain regional markets.
