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!
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.