Why Send Your Data to the RIMS Benchmark Survey?
Two main reasons: A free copy of the RIMS Benchmark Survey book and a free subscription to the full Professional edition of Advisen's Front Page News. Simply by sending your policy data or copies of your Schedules of Insurance, along with summaries of your retained losses, you benefit. We keep you abreast of the latest P&C daily news AND we help you to Benchmark your insurance programs by comparison with your peers. Submit your data at www.RIMS.org/contribute or contact us at [email protected] with questions. As January 1 renewals roll around, this is great time to remember the benefits of contributing your policy data.
-
WHAT IS 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 has been published since 1979, and remains 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 U.S. and Canadian companies. For the last four years, Advisen has worked with RIMS to publish the Survey.
The RIMS Benchmark Survey book is the only independent source of pricing and program structure information for commercial insurance. Whether to confirm costs and design features of a program, or to validate risk data for CEOs and CFOs, insurance buyers find the RIMS Benchmark Survey invaluable. Additionally, the Survey arms risk professionals with snapshots of Total Costs of Risk, industry-specific benchmarks, and coverage-specific Benchmarks.
-
WHY CONTRIBUTE YOUR POLICY DATA?
Receive a free copy of next year's RIMS Benchmark Survey book (a $750 value)
Receive a free upgrade to the Professional edition of Advisen's Front Page News which allows you to read each of the day's 15 stories beneath our headlines (a $199 value)
-
HOW DO I CONTRIBUTE MY DATA?
There are three ways to contribute your program data. Choose one.
Complete our Data Participation Letter. Fill it out and send it to your broker (copy us, too). You get credit for participating in the RIMS Benchmark Survey by authorizing your broker to send us your data. A blank copy of our DPL letter is posted on RIMS.advisen.com.
Send your Schedules of Insurance (or any other format) and summaries of retained losses to [email protected] or fax them to +1.212.655.7453
Complete the template available at www.RIMS.org/contribute and return it to [email protected] .
-
LOOKING FORWARD TO 2009!
With data collected last year from a record high number of 1,600 organizations, Advisen is on track to again surpass this level. And the Survey becomes more granular and more insightful as we collect more companies' worth of data.
