The Operational Risk Consortium has teamed up with CCH Sword to upgrade its Web-based IT platform to capture, aggregate, and analyze operational loss events in the insurance and investment industry.
ORIC was created by the Association of British Insurers in 2005 to help insurers share industry-wide data on operational losses, with a view of improving their measurement and management of operational risk. ORIC has grown over the years, and currently has more than 20 members. CCH Sword is a developer and supplier of operational risk control solutions to the global financial services sector and a part of CCH, a Wolters Kluwer business.
