Capital Benchmarking Survey - Summary
Discover the 10 key takeaways from ORIC International's 2018 Capital Benchmarking Survey, completed by more than 20 (re)insurance and investment management firms.
Improving Third Party Risk Management
A joint study and survey between ORIC International and McKinsey & Company on the management of third party risk.
ABOUT US
WHO WE ARE
Founded in 2005, ORIC International (ORIC) is the leading operational risk consortium for the (re)insurance and investment management sector globally.
We are a not-for-profit organisation dedicated to helping our members enhance the capabilities of their operational risk functions. We facilitate the anonymised and confidential exchange of operational risk intelligence between member firms, providing a diverse, high-quality pool of quantitative and qualitative information on relevant operational risk exposures.
As well as providing operational risk event data, we also provide industry benchmarks, undertake leading research, sets trusted standards for operational risk and provide a forum for members to exchange ideas and best practice. Our comprehensive offering empowers operational risk professionals to help the business and their board in the identification, assessment, management, measurement, monitoring, and reporting of operational risk.
IMPROVE CAPABILITY AND RESILIENCE WITH DATA-LED RISK INTELLIGENCE
Operational and non-financial risk expertise for insurance and investment management firms
Unlock peer data and insights on losses, lessons learned, and best practices as a member of our global, collaborative network.
ACCESS THE VALUE OF THE MEMBERSHIP
Joining our network gives your firm access to member-only data, expert research, innovative analysis, and industry events.
Joining our network gives your firms access to member-only data, expert research, innovative analysis, and industry events.
CAPITAL BENCHMARKS
OPERATIONAL RESILIENCE INDUSTRY CALLS
EMERGING RISK
INVESTMENT FIRM FORUM
2023 EVENTS
SCENARIOS WORKING GROUP
LEADERS FORUM
DATA FOCUS WORKING GROUP
US FORUM
LEVERAGE HELP FROM A RISK INTELLIGENCE PARTNER
Gain an integrated, progressive view across all elements of non-financial risk. When your firm joins us, you can harness our global membership's data, knowledge, and experience.
We collaborate with members to provide data-led insights from our risk universes, create benchmarking reports, and share industry best practices. Above all, we help to build capability and improve resilience
MEMBER BENEFITS
Practical support & guidance
Access help from our risk practitioners. We’re here to help firms build risk management capability.
Thought leadership
Discover new concepts for managing emerging risks, operational resilience, and other common challenges with non-financial risk.
Proprietary insights
Unlock data-led insights from the risk events, scenarios, emerging risks, and modelling data that are only available to our members.
Horizon scans
Improve your understanding of regulatory changes with our quarterly horizon scans that explain future requirements.
Working groups, forums, & events
Broaden your knowledge and meet risk professionals from member firms at our regular series of events.
Current practice studies & maturity assessments
Discover how to improve your firm's risk maturity and gain insights into the current practices of other members.
Peer benchmarks
Compare and contrast your firm to its peers through benchmarking on scenarios, emerging risks, capital modelling, and operational resilience.
Peer data exchange & analytics
Improve your understanding of risk exposure with desensitised data from other member firms.
Model inventories, taxonomies, & libraries
Simplify the development of your risk framework with our off-the-shelf taxonomies and libraries.
Risk reports & surveys
Evaluate changes to your risk profile with regular data‐led reports and surveys on critical elements of risk management.
WHY ORIC?
Award-winning expertise
CIR, IOR, InsuranceERM, and Risk.net have recognised us for our expertise.
Trusted network
Over 40 firms across 59 brands are members of our network.
Strategic partners
McKinsey, Sicsic Advisory, Deloitte, and EY work with us to provide data-led insights.
Global reach
Our network covers the UK, Europe, North America, Africa, and Asia-Pacific.
OUR MEMBERSHIP
40+
INSURANCE & INVESTMENT MANAGEMENT FIRMS
65+
RISK EVENTS FROM OVER 65 COUNTRIES
200+
OPERATIONAL RISK EXPERTS
TESTIMONIALS
Click for more video testimonials
“I increasingly see ORIC as a critical host for the important conversations that the insurance industry and investment firms have about the future of risk management.”
Head of Enterprise Risk Framework, Royal London
