Operational Risk Loss Data Reports 2024
Analysis and trends in operational risk losses from 2018-2023 from the banking and insurance sectors
Every year ORX produces two reports on our global operational risk loss databases – one for the banking sector and one for the insurance sector. You can buy either version of the report for just £1,500.
Simply fill in the form and we'll send you an invoice.
Learn from real-world op risk losses
The reports are a chance to get analysis and insight into an unrivalled global dataset. They help you understand important trends and developments in operational risk.
The reports include analysis by business line, event type and explore regional differences in the data. The 'Event types in focus' sections explore key risks in more detail.
What's in the reports
The full versions of either the insurance or banking ORX Annual Operational Risk Loss reports are available for you to purchase for just £1,500.
Both reports provide a comprehensive analysis of the operational risk loss data in the ORX global databases for each sector, including:
- High-level annual trends
- Business line breakdown
- Event type breakdown
- Impact of the distribution
- Geographic breakdown
- Event types in focus – External fraud
- Event types in focus – Clients, products & business practices
- Event types in focus – Execution, delivery & process management (insurance report only)
Separate reports for the banking and insurance industries
Because we understand that banks and insurers experience operational risk events differently, ORX members can submit their loss data to either the banking or insurance loss databases. This means they have access to sector-specific data for benchmarking and reporting (find out more about the ORX global loss data exchange).
This also means we're able to produce two different reports with data and analysis tailored to your sector. Just choose which report you'd like to purchase, and fill in the form above to request an invoice.
.jpg?width=400&height=257&name=ORX%20Annual%20Banking%20Loss%20Report%20(002).jpg "ORX Annual Banking Loss Report (002)")
.jpg?width=371&height=257&name=ORX%20Annual%20Insurance%20Loss%20Report%20(002).jpg "ORX Annual Insurance Loss Report front cover")
High-level annual trends
- Loss frequency and severity from 2018 to 2023
- Total gross loss events reported per year
- Total number of events reported per year
- Average size of an operational risk event
- Total operational risk loss as a percentage of income
Business line breakdown
- Annual loss as a percentage of income by business line
- Business line loss by event type
- Business line frequency by event type
Event type breakdown
- Annual event frequency by event type
- Annual total loss by event type
- Annual mean event loss by event type
- Annual loss as a proportion of income by event type
- Two event types in focus – external fraud and clients, products & business practices
Impact of the distribution
- Operational risk distributions and tail losses between 2018 and 2023
- Annual proportion of total gross loss within (and outside) the top ten largest loss events
- Business line and event type distributions from 2018 – 2023
- Percentage of total gross loss in each bin size
- Percentage of the number of events in each bin size
Geographic breakdown
- Number of losses divided by the number of firms that have submitted losses in that country.
- Median event severity
- Most frequent event type
- Most severe event type
- Geographic distribution of losses reported to ORX in 2023
- Percentage of total regional gross loss submitted by event type in 2023
- Frequency and severity of losses reported within each region in 2023 (compared with the average for 2018-2022)
- Percentage of total regional gross loss submitted by event type in 2023
High-level annual trends
- Loss frequency and severity from 2018 to 2023
- Total gross loss events reported per year
- Total number of events reported per year
- Average size of an operational risk event
- Average size of an operational risk event as percentage of income (normalised)
Business line breakdown
- Business line loss by event type
- Business line frequency by event type
- Breakdown – total gross loss in life/non-life insurance business lines/asset management
- Ratios by business line
Event type breakdown
- Annual event frequency by event type
- Annual total loss by event type
- Annual mean event loss by event type
- Annual loss as a proportion of income by event type
- Three event types in focus – clients, products & business practices; external fraud; and execution, delivery & process management
Impact of the distribution
- Operational risk distributions and tail losses between 2018 and 2023
- Annual proportion of total gross loss within (and outside) the top ten largest loss events
- Business line and event type distributions from 2018-2023
- Percentage of total gross loss in life and non-life insurance business line
- Percentage of total gross loss in asset management business line
- Percentage of total gross loss in loss ranges
- Percentage of the number of events in loss ranges
Geographic breakdown
- Geographic distribution of losses reported to ORX between 2018 and 2023
- Percentage of total regional gross loss submitted by event type between 2018 and 2023
- Global distribution of frequency and severity of losses reported between 2018 and 2023
Payment options
ORX currently accepts payment of invoice by bank transfer or the following credit cards: Visa, Mastercard, Discover, Maestro and American Express. All credit card transactions processed are handled by PayPal.
Want to know more about this report?
Get in touch and we're happy to answer any questions you have.
