Features

Easy to use and accessible by all users across the enterprise, FIRST provides a searchable ASP database to find and research loss events by a variety of factors, including product type, event triggers and control breakdowns.

In-depth case studies

Loss events are detailed with analysis of key factors including internal breakdowns, management responses to events, easy to read graphs and charts, and industry lessons-learned.

Easily export data

Use XML links to download direct feeds from the Algorithmics' database into internal or external operational risk, corporate governance or other knowledge-based systems.

Special coverage for large-scale events

Catastrophic, or fat tail events are detailed with timelines, which allow for day-by-day or hour-by-hour understanding of breakdowns that led to loss.

Extensive search functions

Free-text searching allows for easy identification of events by natural language. Powerful search engine allows users to combine search concepts or search by a variety of factors, including product type, loss type, event trigger and control breakdowns.

Free access to online newsletter

Each month, database subscribers gain access to the Algorithmics' operational risk online newsletter. The newsletter is designed to raise awareness of topical issues that can impact day-to-day business operations and provides excerpts from relevant case studies.

Related Downloads

The Replication Game

How ING put together a portfolio replication and economic capital calculation system for its global insurance business within two years.

Life & Pensions, April 2007. *Reproduced with permission

Cive Davidson

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