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!
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!
Within 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.
Industry reports for 14 macro sectors are included:
Download 2016 RIMS Benchmark Survey Sample Chapter – Industrials
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: