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Measurement, Data & Capital

Report - June 2024

Download the latest Annual Insurance Operational Risk Loss Data Report for analysis of recent trends in our global insurance loss database.


This report provides a view of operational risk losses in 2023 compared to results from the previous five years. The report is available to ORX members to download for free, or for non-members to purchase for £1,500.


What's in the report

This report provides insights and analysis into operational risk losses in the insurance sector. The report is based on the operational risk loss data in the ORX global insurance database and includes:

  • Loss frequency and severity from 2018 to 2023
  • Average size of an operational risk event and total gross loss as a percentage of firm income
  • Total loss and frequency submitted in each business line and event type between 2018 to 2023
  • Typical levels of loss as a proportion of written premiums in both life and non-life business lines 
  • Analysis of the frequency and severity of loss in each event type by year
  • Risk in focus sections on external fraud; clients, products & business practices; and execution, delivery & process management  
  • Analysis of the distribution of loss including a look at some tail measures of loss  
  • Geographic distribution of losses

Order your copy of the report today for just £1,500.

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Interested in learning more about the latest operational risk losses?

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Not a member? You can download a free summary of the report.Download the free summary

Looking to get more? Buy the report for the full insights and analysis.

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Disclaimer: ORX has prepared this resource with care and attention. ORX does not accept responsibility for any errors or omissions. ORX does not warrant the accuracy of the advice, statement or recommendations in this resource. ORX shall not be liable for any loss, expense, damage or claim arising from this resource. The content of this resource does not itself constitute a contractual agreement, and ORX accepts no obligation associated with this resource except as expressly agreed in writing. ©ORX 2024


Contacts:

Sarah Astill

Sarah Astill

Head of Risk Measurement, ORX

Steve Bishop

Steve Bishop

Research and Information Director, ORX