2018 RIMS Benchmark Survey

Amid rising uncertainty and increasingly more complex risk profiles, companies and organizations saw a decline in the total cost of risk (TCOR) for three years in a row between 2014 and 2016.

Did this trend continue in 2017? Or did businesses post a reversal in terms of how much they paid to cover TCOR? What were the most notable trends that dominated the risk landscape in 2017? What is the outlook for 2018?

Find out in the soon-to-be-released 2018 RIMS Benchmark Survey!

Pre-Order the 2018 RIMS Book!

TCOR is the cost of insurance, plus the costs of the losses that are retained, and the administrative costs of the risk management department,

The annual RIMS survey, produced with Advisen Ltd., is a single source of benchmark statistics with industry data for thousands of insurance programs from hundreds of organizations – including the programs of hundreds of Fortune 500 companies. It tracks changes in insurance policy renewal prices as reported by North American corporate risk managers.

The 2018 RIMS Benchmark Survey™ will present a snapshot of a constantly evolving set of market insights born out of a continuous data collection and analysis process conducted by Advisen Ltd.

As the insurance market becomes increasingly competitive, risk managers are turning to TCOR benchmarking as an important strategy to design and evaluate their organizations’ risk financing programs.

For more than two decades, the RIMS Benchmark Survey has been offering insurance professionals a wealth of statistical information that allows them to compare their program to similar companies. The annual survey monitors changes in insurance risk costs and financing methods as reported by North American corporate risk managers.

Reserve a copy of the 2018 RIMS Benchmark Survey™. Be among insurance professionals who are becoming more proactive and are leveraging tools, like the data we are gathering continuously.

Top reasons to purchase the 2018 RIMS Benchmark Survey

  • Respond to RFPs  – educate clients with a detailed response to get new business
  • Improve coverage recommendations to retain existing business
  • Gain independent verification – compare your insurance programs with an independent, reputable external source of insurance program benchmarking
  • Understand which markets lead specific coverages
  • Increase your perspective with loss data by industry to see frequency & severity
  • Explain insurance market conditions by reviewing year-over-year major conclusions and analysis
  • No need to learn any systems to come up with benchmark numbers – this is a printed book

Industry Reports

Industry reports for 13 macro sectors are included:

  • Banks
  • Consumer Discretionary
  • Consumer Staples
  • Education
  • Energy
  • Government and Non-profit
  • Healthcare
  • Industrials
  • Information Technology
  • Materials
  • Non-bank Financial
  • Professional Services
  • Utilities

Download 2018 RIMS Benchmark Survey Sample Chapter – Industrials

Carrier Premium Written by Coverage Line

The 2018 RIMS Benchmark Survey Report provides chapters for seven lines of business detailing which carriers wrote the most premium by LOB. The lines of business include:

  • Cyber
  • D&O
  • EPL
  • Fiduciary
  • Property
  • Umbrella and Excess Liability
  • Workers Comp

Pre-order the 2018 RIMS Benchmark Survey

Pre-order the 2018 RIMS Benchmark Survey today to find out if the TCOR continued to decline in 2017.

Pre-Order the 2018 RIMS Book!