Lower average premiums in almost every line of business contributed to a 9.4 percent drop in average total cost of risk (TCOR) per $1,000 of revenue, according to the 2009 RIMS Benchmark Survey™ book. The book allows risk managers to compare their TCOR to similar organizations and benchmark insurance program limits and retentions based on data collected on more than 1,300 companies in the U.S. and Canada.
The 2009 RIMS Benchmark Survey™ book is available for a fee of $750 and the online program for a fee of $2,500. Purchase orders are available at www.RIMS.org/book. RIMS members and survey data contributors receive special discounts. For more information about the RIMS Benchmark Survey™, visit www.RIMS.org/benchmark.