Benchmark Total Cost of Risk for Fall Renewals
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, as well as in-depth information on retained losses and risk management administrative expenses for US and Canadian companies. This year's edition has outsold all previous editions. Ahead of your fall renewals, order a copy at www.RIMS.org/book.
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 five 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 1,600 organizations and their brokers managed their way through a changing insurance marketplace through December 31, 2007. It contains chapters on 15 different industries and 6 different coverages and is aggregated with graphs, statistics, and written analysis.
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 say this book is worth keeping on the shelf. Additionally, this Survey arms sales professionals with a snapshot of industry-specific and coverage Benchmarks for prospect calls.
NEW! This year's edition now contains our annual study of broker services and fees. Based on responses from 1,500 insurance buyers, the study found that brokers increasingly compete on the basis of services provided to clients, but there are significant differences by company size and industry group in the types of services provided.
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 1.2 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 [email protected].
