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Why Do Brokers Buy the RIMS Benchmark Survey?

Where do you go for reliable, independent information about insurance and risk management costs and purchasing trends? How do you know that you are buying the optimal insurance program for your company at competitive prices? The RIMS Benchmark Survey is the definitive resource regarding Total Cost of Risk, including data on premiums, limits and retentions across commercial insurance lines for US and Canadian companies. Order a copy at www.RIMS.org/book.

About Workers Compensation Tool Kit

The RIMS Benchmark Survey has become a valued information source for brokers to work with their clients to review their risk management efforts. As David Schauer, President of the Schauer Group, a P&C brokerage in Canton, OH has found, "We overlay our client's data on the RIMS Benchmark Survey results to show how their costs and limits stack up. We originally started getting the book for one account, and now we use it for all of our larger accounts."

HOW MUCH COVERAGE SHOULD I HAVE?

When a client asks, "How much coverage should I have?" the RIMS Benchmark Survey details what their peers are buying. Longtime purchasers of the RIMS Benchmark Survey tell us that they use rely on the book for their largest accounts. The peer statistics allow you to compare your client's insurance programs, and illustrate how their Total Cost of Risk or their limits compare to other similar companies. Brokers pull this book off the shelf around the calendar as different renewals occur.

AN INDEPENDENT SOURCE

Why should you buy this book? The RIMS Benchmark Survey book independently reviews pricing and structure trends for commercial insurance. Whether using it to bolster confidence in a particular program's structure, costs and design or to validate risk data for CEOs and CFOs, Insurance Buyers and Brokers and Marketers all say this book is worth keeping nearby. Additionally, this Survey arms sales professionals with a snapshot of industry-specific and coverage Benchmarks for prospect calls.

PUBLISHED SINCE 1979

The RIMS Benchmark Survey has been published since 1979, and remains the definitive statement regarding premiums, limits and retentions across commercial insurance lines for North America. For the last six years, Advisen has worked with RIMS to publish the Survey. The latest edition of this book is available for purchase via the RIMS website at www.RIMS.org/book.

The current RIMS book chronicles how 1,300 organizations and their brokers managed their way through a changing insurance marketplace through December 31, 2008. It contains chapters on 14 different industries and 6 different coverages and is aggregated with graphs, statistics, and written analysis.

The 2009 edition of the RIMS Benchmark Survey also contains:

  • Our second annual study of Broker Services and Fees
  • Our first survey of Workers Compensation Claims Management
  • Our first survey of Enterprise Risk Management practices

The 2009 RIMS Benchmark Survey™ book

  • Format: Soft cover book
  • Pages: 128
  • Language: English
  • Release date: June 23, 2009
  • Advisen SKU#: A2009623000RIMS6
  • Shipping method: Media mail

NEED MORE BENCHMARK DATA?

If you value program benchmarking data, but this book does not contain sufficient data for your needs, consider the online version of the RIMS Benchmark Survey or even the full Advisen platform with over 1.25 million insurance programs from more than 275,000 organizations. We would be pleased to tell you more about our products & services anytime. Contact us at support@advisen.com.