ORIC International

What ORIC International does

ORIC International (legally Operational Risk Consortium Limited) is a not-for-profit, member-owned consortium founded in 2005 and headquartered in London, serving the global (re)insurance, investment management, and pension sectors. It operates a member-driven governance model in which 39 firms across 59 brands — collectively including the largest member with over £1.1T in assets under management — contribute anonymised operational risk data, scenarios, emerging risk assessments, KRIs, and controls to a shared intelligence platform. Revenue is generated through negotiated membership subscriptions, with a structured onboarding process (initial consultation, tailored business case, membership panel review, and onboarding) and continuous engagement through working groups and forums.

The core platform delivers an integrated risk intelligence stack built around five primary data assets: a Risk Events Database (19,000+ member events and 60,000+ public events with monthly top-10 losses tracking), a Scenario Analysis framework (46 benchmark scenarios, 1,475 member storylines, 2,700+ assessment data points), an Emerging Risk Intelligence module (48+ benchmark risks, 576+ member-submitted risks with TVI assessments), a KRI library (2,500+ indicators), and a Controls Library (1,000+ controls with taxonomy and interactive benchmarking). Supporting services include capital modelling, horizon scanning, benchmarks, analytics with quarterly reports and personalised notifications, and collaborative forums. Distribution is direct-to-enterprise via relationship management and peer referral, with no public pricing disclosed.

Name

ORIC International

Legal name

Operational Risk Consortium Limited

Website

https://oricinternational.com

Company type

Private

Founded year

2005

Operating status

Operating

Headcount range

1–10 employees

Short description

ORIC International is a not-for-profit, member-owned operational risk consortium serving 39 global insurance, investment, and pension firms via a shared platform of loss data, scenarios, emerging risk intelligence, KRIs, and benchmarking tools.

Ownership category

akta.pro rank

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Membership Fees: ORIC International operates as a not-for-profit consortium owned by its members. Revenue is generated through membership fees from financial services firms including banks, insurance companies, investment firms, and pension organisations. The membership provides access to the consortium's data, analytics, benchmarking tools, and peer collaboration networks.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

ORIC International is a not-for-profit operational risk consortium that provides financial services firms with member-shared loss event data, scenario analysis benchmarks, emerging risk intelligence, key risk indicators, capital modelling tools, and collaborative peer forums. The organisation generates revenue through membership fees from insurance, investment, and pension firms that access its analytics platform and benchmarking services.

Product overview

ORIC International operates as a not-for-profit operational risk consortium providing a comprehensive platform-plus-services model for the financial services industry. The core platform combines three integrated service pillars—Operational Risk Intelligence, Strategic Risk Management, and Financial Risk Management—supported by an extensive data infrastructure. This unified system delivers multiple interconnected products including a Risk Events Database (19,000+ member events, 60,000+ public events), Scenario Analysis tools (46 benchmark scenarios, 1,475 storylines), Emerging Risk Intelligence (48+ benchmark risks), a Key Risk Indicators library (2,500+ KRIs), Controls Library (1,000+ controls with taxonomy), Benchmarks, Capital Modelling, Analytics reporting, and Collaborative Forums. Members access these capabilities through a structured onboarding process, with initial consultation, tailored business case development, and ongoing member engagement facilitating peer collaboration and best practice sharing across the global network.

Differentiator

Problem solved

Functional benefit

Products and services

• Operational Risk Intelligence A core service pillar providing access to insights and data analytics that enable financial services firms to anticipate, manage, and mitigate operational risks effectively. It empowers firms to enhance resiliency and maintain a competitive edge in the financial sector.
• Strategic Risk Management A comprehensive suite of tools and benchmarks that inform strategic decision-making processes for financial services firms, helping them navigate the complexities of emerging risks and regulatory landscapes.
• Financial Risk Management In-depth analyses and peer benchmarks that strengthen financial risk management strategies for member firms, delivering actionable intelligence to optimise capital management and safeguard financial stability.
• Risk Events Database A comprehensive database of risk events containing over 19,000 member risk events, 60,000+ public risk events, and monthly top 10 losses tracking, used by consortium members for operational risk benchmarking.
• Scenario Analysis An analytical tool providing 46 benchmark scenarios and 1,475 member scenario storylines along with 2,700+ member assessment data points for comprehensive risk scenario modelling.
• Emerging Risk Intelligence An intelligence service tracking 48+ benchmark emerging risks and 576+ member-submitted emerging risks, including TVI (Threat-Vulnerability-Impact) assessments for member firms.
• Key Risk Indicators (KRIs) A searchable library of over 2,500 detailed Key Risk Indicators empowering member firms to enhance their risk frameworks.
• Horizon Scanning A comprehensive overview of key regulatory changes focusing on new or altered obligations from the last three months, supporting member compliance and regulatory readiness.
• Controls Library A repository of 1,000+ controls with Control Taxonomy and an interactive tool for controls assessment and management by member firms.
• Capital Modelling A detailed end-to-end process with benchmarking insights that enhances the accuracy and robustness of capital calculations for member firms.
• Regulatory Capital Metrics Analytics including detailed quarterly reports, personalised notifications, and taxonomy services for in-depth regulatory capital data analysis by member firms.
• Collaborative Forums and Working Groups Platforms for collaborative engagement enabling risk professionals from over 50 firms and subsidiaries to connect, share insights, and discuss emerging risks and industry practices.

Segments6 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Scale indicators4 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Riskonnect: Integrated risk management platform covering operational risk, claims, and compliance for financial services. Comparable to ORIC on risk events, controls, and benchmarking use cases, delivered via SaaS rather than consortium.
• Resolver: Operational risk and corporate compliance software platform used by insurers, banks, and asset managers for incident, loss, controls, and risk register workflows. Competes for the same operational risk technology budget that ORIC members allocate.
• MetricStream: Vendor of operational risk, enterprise GRC, and risk intelligence software widely used by financial services firms. Overlaps directly with ORIC's scenario analysis, controls, and benchmarking capabilities, but delivers as commercial software rather than a member consortium.

Broad incumbents

• ServiceNow GRC: Governance, risk, and compliance module within ServiceNow's broader enterprise workflow platform. Targets similar operational risk and resilience use cases but is part of a much wider ITSM/ERP ecosystem rather than a specialist risk consortium.
• NAVEX Global: Compliance and risk management software provider with coverage of third-party risk, operational risk, and regulatory change management used by financial firms. An adjacent incumbent addressing overlapping buyer personas and use cases.
• Diligent (Galvanize / ACL): Governance, risk, and audit platform used by financial services boards and risk functions for risk intelligence and analytics. Competes for budget allocated to ORIC-adjacent benchmarking and enterprise risk reporting.
• RSA (formerly RSA Archer / Regnavigator): Long-standing operational risk and GRC platform historically dominant in financial services. Provides risk events, controls, and scenarios as software, overlapping meaningfully with ORIC's product categories but as a tool, not a data consortium.
• IBM OpenPages: Enterprise GRC platform from IBM covering operational risk, regulatory compliance, and controls for large financial institutions. A broader, general-purpose alternative to ORIC's consortium-curated datasets and benchmarking.

Emerging players

• LogicGate: Risk and compliance workflow platform with strong traction among mid-market financial services firms. Provides configurable controls and risk registers adjacent to ORIC's controls taxonomy and benchmarking products.

Others

• RIMS (Risk and Insurance Management Society): Global not-for-profit professional association for risk managers, including insurance and financial services practitioners. Not a commercial peer but addresses a similar community and educational/benchmarking mandate from a non-commercial angle.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/oric-international

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ORIC International