Oric membership increases


The Operational Risk Consortium (Oric), run by the Association of British Insurers (ABI), has expanded its customer base, with three new subscribers joining its database of operational loss events in insurance in the first quarter of 2010.

Insurers Chartis, Ecclesiastical and QBE are the consortium's new members, adding a combined premium income of £5 billon and millions of customers worldwide. Oric now has 23 members in total, who collectively wrote £71 billion worth of the £210 billion premium

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