On a quarterly basis, ORIC members will receive high quality operational risk loss data. ORIC is currently the only consortium database available for the insurance industry. It's a powerful yet easy to use resource providing its members with:
- High quality data for Individual Capital Assessment modelling
- Capacity to benchmark against other firms
- Custom-made reports via a secure-web reporting environment.
- Powerful reporting and graphics to analyse and present results
The ABI has full responsibility for the day-to-day administration, including liaison with members, of ORIC as well as data collection. Using the SAS technology platform enables ORIC to deliver high levels of data quality, powerful risk analytics and reporting capabilities, and a secure data repository hosted by Detica.
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