2017 RIMS Benchmark Survey

How much did businesses pay to cover the total cost of risk (TCOR) for 2016? What factors drove the change in TCOR? Find out in the 2017 RIMS Benchmark Survey!

Purchase the RIMS Benchmark Survey book

rims-cover-250x324Within this increasingly competitive insurance market, benchmarking the total cost of risk provides risk managers a key advantage as they design and evaluate their organizations’ risk financing programs.

For more than two decades, the RIMS Benchmark Survey – aka ‘The RIMS Book’ – 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.

The RIMS Benchmark Survey is an annual summary of the data received during the prior calendar year. The 2017 survey is based on 20,000 insurance programs from 759 entities – many of which are Fortune 500 companies. These insurance programs represent over $4 billion in premium.

Advisen Ltd. compiles policy information within 10 insurance coverage lines and reports on 14 distinct industry groups, as well as aggregating a summary of all responses.

For premiums, limits, and retentions, as well as rate per million, TCOR value, and large loss examples, this comprehensive book can’t be beat.

Why the 2017 RIMS Benchmark Survey Report?

  • rims-book-quote-765x412Get a Broad, In-Depth Industry View
  • A single source of benchmark statistics with industry data for more than 20,000 insurance programs from 759 organizations.
  • A snapshot of a constantly evolving set of market insights born out of a continuous data collection and analysis process conducted by Advisen Ltd.
  • Know Where You Stand
  • Compare your commercial insurance costs & coverage to your peers.
  • Understand Your Competition
  • Get a real-time understanding of their programs and the tools available to manage them more effectively.
  • A Wealth of Data!
  • Archival data and risk management information, and all-new analyses on Insurance Services, Risk Management Trends and Enterprise Risk Management Practices.
  • Online Version: Make Your Data Work For You
  • Store & track entire portfolios of in-force and historical insurance programs in one place and display complex programs in easy-to-understand program charts.

Industry Reports

Industry reports for 14 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
  • Telecommunications
  • Utilities

Download 2016 RIMS Benchmark Survey Sample Chapter – Industrials

Carrier Premium Written by Coverage Line

The 2017 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

Get the 2018 RIMS Benchmark Survey for Free

If you contribute your policy data by December 31, 2017, we will send you the 2018 RIMS Benchmark Survey at no cost! Don’t have time to input your data into our handy RIMS Survey spreadsheet? No worries! Send it to us, and we’ll do all the work – or use our broker form to ask your broker to submit your data!