Operational Risk Event Data

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.

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

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

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.

RISK EVENT DATA EXAMPLE RESOURCES & WORKING GROUPS

Creating Value From Risk Events

Download the executive summary from our Creating Value from Risk Events study completed in partnership with Oliver Wyman.

Download

Working Group

The Loss Reporting Focus Group will next meet in Q3 2020 subject to current COVID-19 restrictions. If you're interested in taking part, please email us below.

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