Over recent years, seismic losses are increasing rapidly, mainly due to the steady increase of population and exposure in earthquake-prone areas. Improved knowledge and accurate predictions of potential seismic risks are needed to plan appropriate emergency response, rescue, and recovery actions. The focus of the research community has therefore concentrated on the development of a various seismic risk assessment software. This paper presents a comprehensive review of the methods and analyses run by available software. First, the common steps in the seismic risk analysis are discussed, namely, seismic hazard, inventory of the exposure and vulnerability models. The following software is considered: HAZUS, EQRM, OpenQuake, CAPRA and ER2-Earthquake. The main advantages and limitations of each software are highlighted.