2021 Capital Benchmarking Survey
Updated: Oct 13, 2020
What is the capital benchmarking survey?
The ORIC International Capital Benchmarking Survey is the most comprehensive operational risk modelling survey in the market. The aim of the survey, in keeping with the purpose of the consortium, is to help participating companies benchmark their modelling approaches against other insurance and investment management firms.
The survey, which ran for the second time in 2020, was completed by in excess of 20 firms worldwide and has been exceptionally well received by both the consortium and the Prudential Regulation Authority (PRA). Participating firms are asked to complete around 100 questions which cover five key modelling components:
Inputs (Use of loss data, scenarios, controls and risk registers)
Modelling (Approaches, distributions, correlations)
Benchmarking and future modelling considerations
As with any survey, the results are at their most valuable when the analysis is based on a large number of contributors across a range of industry types, firm sizes and geographical locations. Therefore, we invite any interested parties to register their interest as soon as possible. The survey will officially open in mid-October 2020.
Receive a soft and hard copy of the full results which provides detailed analysis on the consolidated responses
Receive a benchmarking report which allows you to compare selected results against other peers
Receive an invitation to the official launch event in January 2021. The launch event will include a number of key speakers from the industry and the regulator.
Receive an invitation to one of ORIC International's Internal Model Working Group meetings, which discusses under Chatham House Rule, the key findings from the 2021 report, and draws on firms perspectives and best practice methodologies to improve capital frameworks
Who can participate?
Both members and non-members of ORIC International can participate in this survey free of charge*. A request to participate must be made by Friday 16th October and interested participants can sign up below:
Key takeaways from the 2020 survey
Register your interest
To register your interest in the survey please email the ORIC International team or alternatively, sign up through our designated sign up page - SIGN UP
*Participation in the survey is free of charge for non-members for the first year. Participation in future surveys will incur a fee.