Abstract: According to an embodiment, a method to quantify domain-centric risk is disclosed. The method comprises: receiving at least one first input associated with a loss event frequency from at least one first external source in a Risk assessment engine; receiving at least one second input associated with a Loss Magnitude from at least one second external source in the Risk assessment engine; receiving at least one third input associated with a plurality of domain-centric entities from at least one third external source in the Risk assessment engine; analyzing the loss event frequency, the loss magnitude, and the at least one third input to quantify the risk associated with a target domain-centric entity; and generating a risk assessment report for the target domain-centric entity based on the analysis of the loss event frequency, the loss magnitude, and the at least one third input.