Insurance Operational Risk Loss Data
Summary Report 2026
After five years of decline, operational risk event volumes increased in 2025.

10000+
Op risk professionals
20+
Years of knowledge
140+
Financial firms
About ORX
Founded in 2002, ORX is the world's largest operational risk association for financial services - bringing banks, insurers and asset managers together to share loss data, research and standards, so firms can benchmark, strengthen decision-making and build resilience without solving the same problems in isolation.
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ORX Insurance Operational Risk Loss Data 2026
How does your operational risk profile compare with the wider insurance industry?
Drawing on operational risk loss data from 20 insurance institutions, this summary highlights key industry trends from 2020-2025. The analysis is supported by ORX's insurance loss database, which contains €10.1 billion in reported gross losses and 16,391 operational risk events.
After five consecutive years of declining event volumes, insurers reported more operational risk events in 2025 than the year before - the first increase in half a decade.
Whether you're preparing board reports, reviewing scenarios or benchmarking your experience against the market, this summary provides a concise snapshot of the latest operational risk loss trends across the insurance sector.
What the full report adds
Business line and event type analysis: Benchmarked against 20 insurance institutions
New taxonomy-led analysis: Comparing realised losses, publicly reported events and industry perceptions of risk
Enhanced benchmarking: Explore loss trends in greater detail across business lines, event types and regions
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Full access to ORX resources, including global, industry and regional loss (as an add-on) data exchanges, working groups and focused peer collaboration, with tailored engagement to meet your firm’s needs.
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Tools, benchmarks and practitioner collaboration to develop credible and defensible risk scenarios. Includes up-to-date scenario library based on real industry information and risk handbooks and workbooks.
ORX News
Industry-leading provider of publicly reported operational risk loss events from around the world. Led by our dedicated research team, providing timely, verified insights into operational and cyber risk events categorised to ORX data standards.
ORX Cyber
A dedicated service uniting second-line cyber and information security risk professionals globally, providing a trusted framework, data sharing, benchmarking and peer collaboration to strengthen oversight and drive the advancement of cyber risk management.
ORX Lite
A streamlined way to engage with the ORX community and stay aligned with industry developments without participating in loss data exchange.
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ORX taxonomies and reference libraries available as a one-time purchase offering firms a trusted foundation for alignment, optimisation and benchmarking against industry standards.
