Testimonials

Travelers Insurance Company

"ORIC has several distinct benefits for its members. Industry data is immediately available to compare areas and causes of loss against internal data. This helps to stimulate the identification of losses and can even be used to sense check assumptions of severity and frequency of operational losses under ICAS. Probably one of the biggest benefits, however, is working with forward thinking people to understand the direction needed to meet operational risk responsibilities under Solvency 2 and rating agency assessments.”

Dan Wilkinson, Head of Operations, Risk and Compliance

ABI and Chairman of ORIC  

"ORIC provides an invaluable resource for insurance companies seeking to reduce their losses from operational risk and enhance their in-house risk processes.”

Peter Vipond, Director of Financial Regulation and Taxation

Legal & General Insurance Ltd

“As an ORIC member you are at the forefront of tackling operational risk within the industry with access to quarterly analysis and a centrally dedicated resource.” 

Mohammed Saghir, Operational Risk Officer

Friends Provident 

“Membership of ORIC has provided us with several distinct benefits. Greater levels of industry data that enhances our op risk reporting and helps inform decision making; access to like minded skilled operational risk professionals; analytics that provide a check to loss assumptions used within our ICAS return; and constructive debate regarding Solvency II.” 

Andrew Pain, Group Operational Risk Manager

Allianz

"ORIC has enabled us to have access to the greater levels of data we need to more effectively manage operational risk.”