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  • Writer's pictureCiaran Hosty

ORIC Capital Benchmarking Survey 2020

Updated: Aug 14, 2019

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 firms benchmark their approaches against other insurance and investment management firms in order to identify potential areas for improvement.

The survey, which was first launched in 2019 was completed by more than 20 participants and was well received by consortium, particularly in it's comprehensiveness with more than 100 questions asked across the five key modelling components:

  • Inputs (Use of loss data, scenarios, controls and risk registers)

  • Modelling (Approaches, distributions, correlations)

  • Validation

  • Benchmarking

  • Outputs

Ahead of the 2020 survey launching in October of this year, we intend to open up registration to non-members. As with any survey, the results are at their most valuable where the analysis is based on a large number of contributors across a range of firm sizes, types and geographical locations and so we invite any interested parties to register their interest below.

10 Key Takeaways from the 2019 Survey

2020 Capital Benchmarking Survey Timeline

Why participate?

  • Receive your very own benchmark report which allows you to compare your results against other participants, as well as a detailed summary as to where your firm performed in line or out line with the majority.

  • Secure an invitation to the official launch event in early February 2020. The launch event will include a number of key note speakers from the industry and the regulator.

  • Receive an invitation to one of ORIC International's Internal Model Working Group meetings, which analyses key findings from the 2020 report and utilises best practice methodologies and firm perspectives to develop and improve capital frameworks.

Register your interest now

Interested in taking part? You can register your interest now by emailing the ORIC team here. You will be notified when you need to register formally and submit your capital benchmarking survey.

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