Skip Ribbon Commands
Skip to main content


RIMS Benchmark Survey: Two Percent Increase in TCOR Reflects the Influence of a Hardening Market 7/28/2014


2014 RIMS Benchmark Survey Now Available

NEW YORK – July 28, 2014 – According to the newly released RIMS Benchmark Survey, the average Total Cost of Risk (TCOR) trended higher for the third year in a row a two percent increase from $10.70 per $1,000 of revenue in 2012 to $10.90 per $1,000 of revenue in 2013. The annual RIMS survey, produced with Advisen Ltd, is a single source of benchmark statistics with industry data for more than 52,000 insurance programs from almost 1,500 organizations.


Key findings of the 2014 RIMS Benchmark Survey include:

  • Average TCOR for all companies increased two percent in 2013 after increasing five percent in 2012 and 1.7 percent in 2011 – reflecting the influence of hardening insurance market conditions.
  • The contribution of property premiums to average TCOR rose nearly 15 percent, from $3.09 per $1,000 of revenue to $3.54 per $1,000 of revenue.
  • Rising prices are influencing companies’ retention of risk.


“While the RIMS Benchmark Survey monitors changes in insurable risk costs and financing methods, it also provides valuable insight into the range of significant losses that affect organizations including the Foreign Corrupt Practices Act, Environmental Penalties, False Claims Act, and Shareholder lawsuits,” Jim Blinn, Executive Vice President at Advisen commented. “With the growth of Enterprise Risk Management, understanding the breadth of exposures and their impacts becomes increasing important.”


 To order a copy of the 2014 RIMS Benchmark Survey, visit


“The value of risk management and its impact on an organization’s sustainability has emphasized the importance of developing comprehensive risk financing programs.  However, the task of developing such programs has become more challenging as programs become more complex,” said RIMS President Carolyn Snow.  “Benchmarking the total cost of risk gives risk managers an undeniable advantage when structuring their risk financing programs, especially in today’s competitive insurance market.”





enlightens, solves and streamlines challenges for its clients through its three divisions.


Advisen's data, analytics and news services are game-changers for more than 150,000 professionals. Visit us at or contact to learn more.

# # #

About RIMS

As the preeminent organization dedicated to advancing the practice of risk management, RIMS, the Risk Management Society™, is a global not-for-profit organization representing more than 3,500 industrial, service, nonprofit, charitable and government entities throughout the world. Founded in 1950, RIMS brings networking, professional development and education opportunities to its membership of more than 11,000 risk management professionals located in more than 60 countries. For more information on RIMS, visit


For more information, contact:

Josh Salter, RIMS communications manager, (212) 655-6059 or


Risk Knowledge is a searchable library of relevant information for today's risk professionals. Available materials include RIMS Executive Reports, survey findings.

Search By Categories
Search By Types
Search By Date


Access the most comprehensive directory of solution providers for risk professionals.


Promenet Inc. is uniquely positioned to discover and remediate your network's vulnerabilities...


Lloyd's is often the first to insure new, unusual or complex risks...

RWH Myers

RWH Myers is committed to helping the Risk Manager through business interruption and...


PwC understands that significant risk is rarely confined to discrete areas...