ORIC International's loss data consortium comprises of more than 15,000 anonymised operational risk events from the Insurance and Investment Management industry submitted by more than 40 firms on a quarterly basis.

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The data submitted is subject to rigorious data quality standards which ensure that the information provided is both accurate and appropriately detailed.

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As of Q1 2020, the ORIC International loss data consortium contains:

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• c. 12,000 loss events with a combined gross loss equal to £4.5bn GBP
   

• c. 3,000 near miss events with a combined exposure amount equal to £2.6bn GBP
   

• Risk event data from more than 65 countries worldwide (including North America, Australia, Asia and Europe).
   

• Detailed event and causal descriptions and Basel II categorisations which allow firms to analyse the industry risk profile and carry out detailed root cause analysis on all events.

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