Global Operational Risk Loss Data
A secure service for banks & insurers
“The high-quality data we receive from ORX is an essential part of our approach to measuring operational risk."
ORX member firm
Our global operational risk loss database was why ORX was originally established. While we do much more than this today, operational risk loss data remains a core service from ORX.
About the global loss data
We provide two global loss data exchanges to our members – one for the banking sector and one for insurance. Each service allows our members to securely share operational risk loss data, which they can use for benchmarking and analysis.
The only way to access our global loss data services is by becoming a member of ORX. Joining ORX as a member also gives you access to research and resources, working groups and events.
We have tailored services for banking & insurance firms
What do the global services involve?
Each quarter, our members anonymously upload their loss data to our secure, purpose-built system. All firms are required to submit data in line with our operational risk reporting standards (one for banking and one for insurance)
Once the upload (also known as a data cycle) is complete, the data is quality assured by our analysts before it is published. Our members can then access it and run reports on it, including benchmarks and line-by-line event data, to support modelling and risk management.
Free insights into the ORX loss data
Regional loss data services
In addition to our global services, we also have a number of loss data services that are focused on specific regions (for example, Nordic or UK). These services are open to members and non-members of ORX.