Global loss data exchange:
Our secure service for banking & insurance firms
Our global database was why ORX was originally established, and now contains more than 700,000 loss events. While we do much more than this today, operational risk loss data remains a core service from ORX.
Our global loss data exchange services gives the finanicial organisations who make up our membership access to many different reports, including benchmarks and loss event severity reports. Some of the reports are further broken down by business line. You can use these reports for modelling and risk management.
In order to share high-quality data it's essential that everyone uses the same terms and definitions. The ORX banking and insurance operational risk reporting standards have become the industry guideline – find out more about the standards. We also operate a quality assurance framework to ensure that the data meets the standards required by our member firms.