RIMS total cost of risk News

Insurance Driving Up Total Cost of Risk for Businesses

Businesses and organizations paid nearly two percent more in 2018 than they did in 2017 to cover the total cost of risk. Reversing the trend of falling average TCOR per $1,000 of revenue seen from 2013 to 2017, average TCOR …

Total Cost of Risk Drops for 3rd Year: RIMS Benchmark

Despite rising uncertainty and increasingly more complex risk profiles, businesses saw a decline in the total cost of risk (TCOR) for the third year in a row, according to the 2017 RIMS Benchmark Survey. The Benchmark Survey, produced with Advisen, …

Total Cost of Risk Dips a Bit: RIMS

In a relatively stable insurance market, businesses paid nearly one percent less in 2014 than they did in 2013 to cover the total cost of risk (TCOR) after three consecutive years of increases, according to the 2015 RIMS Benchmark Survey. …

Total Cost of Risk for Businesses Rose 2% in 2013: RIMS

The average total cost of risk (TCOR) for businesses rose two percent from $10.70 per $1,000 of revenue in 2012 to $10.90 per $1,000 of revenue in 2013. It is the third year in a row the cost trend has …

Total Cost of Risk Up As Market Firms: RIMS

Businesses paid about five percent more in 2012 than they did in 2011 to cover the total cost of risk. That compares to a rise of only 1.7 percent in 2011, according to the 2013 Risk & Insurance Management Society …