![[VRS]™ Virtual Risk Space](templates/template-default/view/assets/img/vrs-virtual-risk-space-logo.png){kind=logo}
Supporting both remote and on-site inspections, [VRS]™ provides AI-backed risk assessment. Our scientific risk scoring mechanism codifies decades of risk engineering experience, key attributes from international standards, and learnings from worldwide claims.
This formula allows us to give the end-user a meaningful numerical result from the survey and a clear understanding of how it is achieved.
Unlike traditional risk rating or risk ranking systems, [VRS]™ recognizes that “exposures” and “protections” should be measured independently of each other. This means analyzing them on a comparative basis and weighting them up against each other rather than “muddling” them up by creating a single score.
The result is the Protection / Exposure (P/E) Ratio powered by [VRS]™.
It is a unique figure illustrating that risk is the relationship between hazards and barriers, and not simply those two elements acting in isolation from each other.
If the P/E Ratio is higher than 1, the facility is “overweighted” on protections compared to the present hazards. If it is smaller than 1, then the facility is “underweighted” meaning that it is more exposed to loss events.
