ORX data exchange
Improving ORX’s data exchange services
Agora: A new platform to replace Insight
Project status
Ongoing
Relevant to
All companies who use ORX's data exchange platform (Insight)
Service
ORX Membership, ORX Regional Loss Data Services, ORX Scenarios & ORX Cyber
About the project
Following many discussions with risk leaders across the world, and our work on developing standards and reference libraries, we know that the operational risk needs around data have changed significantly over the past decade.
People now need data for effective and dynamic management of risk and to contribute to the success of their firm, not only for capital modelling.
We have a clear vision of what the future of data exchange looks like, and we want to continue to be at the forefront of the industry in this area. We are therefore improving our data services by building Agora, a next generation platform for effective data exchange, set to launch in the second half of 2025
Latest project updates
We're asking all firms that use Insight to review and confirm they've seen our latest information security document (please forward the document to the most relevant person if your organisation if necessary).
👉 Find out more and review the information security document
Each year, we produce a data cycle calendar outlining the submission dates for each of our services. Our current plan is for the first Data Cycle on Agora to take place in C4 (10 November to 21 November 2025).
👉 Download the Data Cycle Calendar
More about the project
Developing a new data exchange platform
We know that our current platform (Insight) is no longer meeting your needs and the technology is becoming outdated.
We are therefore using this as an opportunity to make improvements to our data services by transitioning to a next generation platform.
By the second half of 2025, ORX will have developed Agora, a new state-of-the-art, highly secure platform built on Amazon Web Services (AWS) cloud technology that delivers industry-grade security, availability, reliability and scalability.
This will be used to host all of our various data services, including:
- Global loss data services – Banking & Insurance (only available to members)
- Regional loss data services (available to members and regional loss data service subscribers)
- ORX Scenarios Library (as part of the ORX Scenarios service)
- ORX Cyber data exchange (as part of the ORX Cyber service)
Benefits of Agora will include:
- Streamlined processes to provide a far superior and efficient user experience
- More automation and support for data upload and QA
- The ability to connect data sets from different services
- Opportunities to leverage modern analytical tooling
How are we improving our loss data services?
To achieve our vision and meet the changing needs of our members and service subscribers, we know we need to improve our loss data services.
As part of this project, we will be:
- Based on research by ORX, this provides a more modern data set that reflects current risk landscape (i.e. information security, more granular view of conduct risks etc.) Therefore, in the future it will be easier for members to identify losses relating to Anti Money Laundering, for example.
- It will enable members to cross reference with other ORX libraries such as Controls, Risk Indicators and Key Processes, which are all organised around the Reference Taxonomy
- The addition of risk flags alongside the taxonomy will enable tagging of themes that cut across multiple events types, such as Climate or Third Party. We understand that reporting on some of these themes is an increasing focus for regulators
- Most of the data you submit will stay the same allowing for historical comparison, but these additions will bring big benefits in terms of what you can do with the data.
- The submission template will be easier to use, with unused and redundant fields removed
- If your organisation subscribes to both global and regional loss data services, you will only have to upload one set of data to get both global and regional insights, saving time and effort
- These data collection improvements and Agora’s ability to bring together datasets from different exchanges enable the production of richer analytics and insights
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