What is Sebench?
The Sebench Risk Management (SRM) System is a tool designed to quantify the risk covered by property insurance carriers. The SRM System evaluates over 107 variables to produce a SRM Score on a scale of 1.00 to 10.00, on the quality of the risk. The grouping of scores provides a guide to risk assessors on the quality of a property's systems, on a scale from poor (high risk) to excellent (low risk).
The goal of using the Sebench Risk Management System is to remove the subjectivity from the process of assessing risk, so while the parameters are intentionally discrete, they are not all encompassing. The general concepts would apply to virtually any risk being evaluated. For example, a school or hospital would not have a hydraulic basement, but the concepts could apply equally well to a mechanical room or boiler room, with only minor allowances.
The system is structured on 7 main categories broken down into 23 different property loss control criteria. The criteria scores are grouped into four risk categories: Poor (scores 1-3), Fair (scores 4-6), Good (scores 7-9), and Excellent (score 10).
Each criteria has different forms for entering input values and consequently the logic of evaluation score is different. For example may be that in a specific criteria primary capital investments is required and in another criteria it is needed little capital but more cultural attitude changes.
SRM is offered in two versions: as a Windows Application and a Web Application. So, the application can be used as an independent desktop application in an isolated PC or as a Web Application that can be accessed by any modern browser simply by having internet access. All the information is saved in a central server.
The desktop version of SRM is built with the Windows form platform using C#. The web version of SRM is built using the ASP.NET platform with C#. Microsoft's SQL Server is used for data storage and it is hosted in GoDaddy's servers. The application can be accessed from any modern browser such as Chrome, Firefox, Microsoft Edge, Safari, etc.