RAW AI

What is RAW AI?

RAW AI is an intelligent risk management advisor that helps businesses make informed decisions through quantitative assessments and insurance advice. It simplifies complex risk management tasks with AI-powered tools that save time while providing expert guidance.

Top Features:

• Risk identification: quickly identifies potential risks for projects, decisions, or contracts.
• Monte Carlo simulations: runs quantitative analysis to predict various risk outcomes.
• Policy writing: creates comprehensive risk management policies tailored to your needs.
• Devil's advocate tool: challenges ideas to help spot blind spots in your thinking.

Use Cases:

• Project planning: identify potential risks before launching new business initiatives.
• Contract analysis: review agreements to highlight hidden risks and liabilities.
• Workshop preparation: create agendas and materials for risk management meetings.
• Insurance guidance: get expert advice on appropriate coverage for specific situations.

Who Can Use RAW AI?

• Risk managers: expand team capabilities with an AI assistant for a fraction of hiring costs.
• Business owners: make better decisions with accessible risk analysis at affordable prices.
• Project managers: identify potential issues before they impact project timelines and budgets.
• Insurance professionals: supplement expertise with quick risk assessments and recommendations.

Pricing

RAW AI is completely free to use. There are no paid plans or subscriptions required to access its core features.

Pros and Cons

Pros:

• Cost-effective: adds risk management expertise for as little as the price of lunch.
• Specialized knowledge: incorporates probability theory, standards, and behavioral economics.
• Flexible pricing: offers free tier with 10 analyses monthly for those wanting to try it.
• Award recognition: finalist in FERMA Risk Management Awards 2024.

Cons:

• Limited free tier: only 10 analyses per month might be insufficient for regular users.
• Learning curve: may require time to understand how to best phrase questions for optimal results.
• Pending update: major improvements announced for April 2025 aren't available yet.

FAQs:

1) How accurate are RAW AI's risk assessments?

The assessments are based on probability theory and risk management standards, providing reliable guidance that should be reviewed by humans.

2) Can RAW AI replace my risk management team?

It works best as a supplement to human expertise, not a replacement, by handling routine analyses and freeing up time.

3) What industries does RAW AI work best with?

While versatile across sectors, it particularly shines in project-based industries and those with complex contractual relationships.

4) How does the Devil's Advocate feature work?

It deliberately challenges your assumptions and plans to uncover weaknesses you might miss in your own thinking.

5) Is my company data secure when using RAW AI?

The platform is designed for business use with appropriate security measures, though specific encryption details should be verified.