Benchmark Survey Book 2006 - Survey Contributor
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Property insurance premiums for 2006 skyrocketed not only in hurricane-exposed coastal areas, but also shot up sharply in California as lessons learned from the hurricane losses of 2005 were factored into earthquake pricing models. But while premiums for properties in catastrophe-exposed regions were off the chart, insurance costs for property insurance in other regions and for most other lines of business continued the downward march begun in late 2003. The net effect, including slightly lower administrative costs, was a 9.2% decrease in average Total Cost of Risk for all companies participating in the 2006 RIMS Benchmark Survey™.
The 2006 RIMS Benchmark Survey™ summarizes insurance program information received from more than 1,200 US and Canadian companies, representing more than $20 billion in premium. The 2006 RIMS Benchmark Survey™ book and companion online service are the most comprehensive and trusted information resources available to risk managers for managing the cost of risk.
Purchase both the 2006 RIMS Benchmark Survey™ book and Online Benchmark Service and have the most authoritative and up to date market pricing and coverage information at your fingertips.
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* A contributor is a risk professional who contributed two or more years insurance policy data (including effective and expiration dates, premiums, limits, retentions and insurer names), for two or more coverage types (e.g. management liability, liability, or property) in calendar year 2006. To qualify for contributor pricing when you purchase the product, your data must already have been submitted and approved as complete.
Contribute your organization's data at www.rims.org/benchmark