This white paper explores the role of surveys, risk quantification, and advanced statistical models in modern risk assessment. With the growing complexity of decision-making in industries like finance, healthcare, and IT, the ability to measure risk accurately has become essential. Leveraging Batoi Insight, a powerful survey and analytics platform, this paper presents how organizations can collect critical data, apply rigorous statistical analyses, and derive actionable risk scores. Using real-world use cases, statistical models like Monte Carlo simulations, regression analysis, and Bayesian inference are explained in detail, showing how Batoi Insight can provide comprehensive risk management solutions.