Scenario library grows to over 1050 scenarios
- 7 June 2019
We've just published the ORX Scenario Library for 2019 on our secure data-exchange system. Each year, subscribers to ORX Scenarios anonymously submit their 10 most severe scenarios to the library, helping to create a unique industry catalogue of actual scenarios. This year, subscribers submitted more than 280 new scenarios to bring the total number in the library to over 1050. Each submission includes information such as category, impact ranking and risk drivers.
Most common scenario categories for 2019
There was no change in the most common scenario categories between this year and last year. The top three categories were:
- Processing errors
- Improper business practices
- Cyber-related fraud
How does the library help scenario practice?
The ORX Scenario Library helps you see how your scenarios compare to those of your peers. You can use the scenarios in the library in workshops as examples and to facilitate discussion. You can also benchmark your submissions and compare severity estimates. To make this easy for you, we've created some standard reports.
Scenario list and scenario cards
These reports let you download each individual scenario from the library, so you can use them as examples and to prompt discussions.
Scenario portfolio report
With this report you can identify gaps in your scenarios and see if your estimations are in line with the rest of the industry.
Scenario focus report
This report provides a detailed comparison of your scenarios with others in the the same category.
If you'd like to know more about how to get the most from the library, please get in touch.
Not yet part of ORX Scenarios? Find out how you could benefit from subscribing
As well as access to a unique industry library, ORX Scenarios provides you with research, practice benchmark studies and guides to creating scenarios. By subscribing to the service, you also become part of a specialist global practitioner network who share ideas and discuss challenges and solutions. You don't have to be member of ORX to subcribe to ORX Scenarios. Please contact Roland Kennett at [email protected] for more information.