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NEW: Additional insurance analysis added in late November, providing insights into the responses from insurance firms.

Report - November 2024

The Top Risk Review H2 2024 explores key themes and provides an overview of the current most significant operational and non-financial risk (ONFR) threats and concerns facing banking and insurance firms. 


Our largest group of surveyed participants for the 2024 Top Risk Review H2 included over 225 respondents from 80 organisations. Survey participants were asked to assess the significance of 16 risk event types from the ORX Reference Risk Taxonomy

The rankings presented on the current material risks focuses on monitoring risk landscape facing the industry. 

Bank_Cyan

128

banks

ThreeBuildingCyan

49

insurers

People_Cyan-1

13

other respondents


What's in the Top Risk Review H2 2024?

The report provides up-to-date insights into the current top operational risks facing the financial services industry, with results based on the personal opinions of risk professionals from across our global membership of financial firms.

The main report includes:

  • Headline findings and key themes
  • Ranking at a glance
  • Changes to average materiality scores
  • Focus on the top five
  • Key drivers of each risk
  • Regional and industry breakdowns

Alongside the main report, we've also produced an appendix, supporting information providing an additional breakdown of results and, for the first time, an insurance-specific analysis of the survey. The reports are available to all our members to download.

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This report is only available to ORX members

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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:

Steve Bishop

Steve Bishop

Research and Information Director, ORX

Emilie Odin

Emilie Odin

Research Manager, ORX

Natasha Smith-Craig

Natasha Smith-Craig

Assistant Research Manager, ORX