NU Online News Service
Tremendous insured losses from natural catastrophes in 2011 tooka toll on pricing across all insurance businesses, found the newlyreleased Risk and Insurance Management Society (RIMS) BenchmarkSurvey measuring Total Cost of Risk (TCOR) and its impact on 10industry groups.
Average TCOR for all surveyed companies, both private andnonprofit, increased by 1.7 percent from $10.02 per $1,000 ofrevenue to $10.19 per $1,000 of revenue. The contribution ofproperty premiums to average TCOR grew by almost 9 percent, from$2.73 per $1,000 of revenue to $2.92 per $1,000 of revenue.
Continue Reading for Free
Register and gain access to:
- Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
- Informative weekly newsletter featuring news, analysis, real-world cas studies, and other critical content
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
