Operational risk loss data exchange for financial services
Securely share and access high-quality operational risk loss data through ORX
100+
Firms submitting data
500bn+
Total loss (€)
20+
Years of experience
Global Banking Loss Data Service
The service lets banks exchange information relating to operational risk losses in a completely secure and anonymised way through our bespoke Insight system.financial institutions around the globe.
Global Insurance Loss Data Service
Created with the support of our insurance members, this service lets insurance firms exchange operational risk loss data in a completely secure and anonymised way through our bespoke Insight system.
Regional Loss Data Services
Our regional services allow firms to share a bespoke operational risk dataset, and to perform benchmarks and analysis against a targeted set of data. The services provide invaluable insight into the losses suffered in your area.
How does it work?
Our loss data services allow you to easily do benchmarking, capital calculation and scenario analysis, supporting decision-making.
Every quarter, participants of each service anonymously upload their loss data to our secure, purpose-built system. All firms must submit data in line with the relevant operational risk reporting standards (one for banking and one for insurance).
The global services allow you to exchange data and benchmark yourselves against your peers from around the world, helping you see the big picture. While our regional services allow you to access data and reports based on your geographical location.
“The high-quality data we receive from ORX is an essential part of our approach to measuring operational risk."
ORX member firm