RiskBusiness - Global Operational Loss Database (GOLD)
Type of system
- Analytics
- Internal/external reporting
- Operational risk management
Type of platform
- Web-based
Has the product an open API? Yes / No?
Yes, a full Siftware Development Kit contining all APIs is available to members.
What are the typical implementation costs for your product?
There is a once-off joining fee of £2,000 which covers all implementation and training.
How long does your product take to implement on site?
GOLD is not installed on-site, it is access and used across the Web. As soon as a member executes the membership agreement and settles their initial annual membership fee, that member has access to all aspects of GOLD.
Please name companies that use the system/product
There are 30 financial services firms globally who are members of GOLD.
Product summary: Please summarise your product’s key points for re/insurers in no more than 100 words.
Database containing internal losses suffered by members, submitted to GOLD, anonymised, then provided back to all members for their own internal use.