2019 RIMS Benchmark Survey

2019 RIMS Benchmark Survey

Top reasons to purchase the 2019 RIMS Benchmark Survey

Pre-order the 2019 RIMS Benchmark Survey and save $100! RIMS members save an additional $300.

  • Measure the efficacy of your risk management programs
  • Optimize every risk dollar spent
  • 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

The annual RIMS Benchmark Survey, produced with Advisen Ltd., is a single source of benchmark statistics with industry data for more than 5,000 insurance programs from hundreds of organizations – including the programs of hundreds of Fortune 500 companies. It chronicles the evolution of corporate risk management costs and tracks changes in insurance policy renewal prices as reported by North American risk managers.

The 2019 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.

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

The average cost of total risk (TCOR) has risen and fallen a number of times over the past decade, but the general trend has been downward. TCOR has steadily fallen since 2013 driven largely by a competitive market and increased administrative efficiencies. Did this downward trend continue in 2018? Find out in the soon-to-be-released 2019 RIMS Benchmark Survey.

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. It enables risk professionals to accurately set expectations and achieve goals while designing competitive insurance programs for their organizations.

Purchase a copy of the 2019 RIMS Benchmark Survey. Be among insurance professionals who are becoming more proactive and are leveraging tools, like the data we are gathering continuously.

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 Financials
  • Professional Services
  • Utilities

Download 2018 RIMS Benchmark Survey Sample Chapter – Industrials

Carrier Premium Written by Coverage Line

The 2019 RIMS Benchmark Survey provides chapters for seven coverages detailing which carriers wrote the most premium by LOB. The coverages include:

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

Pre-order the 2019 RIMS Benchmark Survey

Pre-order the 2019 RIMS Benchmark Survey today to find out if the TCOR continued to decline in 2018.