Tag: RIMS

U.S. Risk Professionals See Pay Rise by About 14%

Social inflation and insurance rates

Risk management professionals at all levels and responsibilities in the United States experienced an average 14.4 percent base salary increase in 2021 compared to 2019, while Canadian practitioners experienced an average 18.8 percent increase in the same period, according to RIMS’ 2021 compensation survey. Here’s a look at a few of RIMS’ key findings for… Continue reading U.S. Risk Professionals See Pay Rise by About 14%

RIMS Joins Business Continuity Coalition to Develop an Insurance Solution for Pandemics

Recognizing the devastating economic impact caused by COVID-19, RIMS, the risk management society® joined the Business Continuity Coalition to build a more stable insurance market that will support organizations as they navigate future pandemics. The Business Continuity Coalition represents a broad range of business insurance policyholders – large and small – from across the country.… Continue reading RIMS Joins Business Continuity Coalition to Develop an Insurance Solution for Pandemics

RIMS Backs Pandemic Risk Insurance Act

RIMS, the Risk Management Society®, has announced its support for H.R. 7011 the Pandemic Risk Insurance Act of 2020 (PRIA) that was introduced by Congresswoman Carolyn Maloney (D-NY) in May. Reviewed by RIMS External Affairs Committee, the proposed legislation will effectively create a Federal program that provides a transparent system of shared public and private… Continue reading RIMS Backs Pandemic Risk Insurance Act

RIMS Urges Congress to Create a Pandemic Risk Insurance Program

RIMS, the risk management society®, issued a letter to the U.S. Department of the Treasury, Congress and the Office of U.S. President Donald J. Trump requesting the creation of a pandemic risk insurance program to accelerate economic recovery. The full letter can be found here. According to RIMS’ letter, a pandemic risk insurance program would… Continue reading RIMS Urges Congress to Create a Pandemic Risk Insurance Program

RIMS Names Airbnb Insurance Head Laura Langone as President for 2020 Term

RIMS, the risk management society, announced that Laura Langone will lead the Society as president for the 2020 term. Langone has been a member of RIMS for 22 years and joined its board of directors in 2016. She has held many board positions with the RIMS Silicon Valley Chapter, including serving as president for four… Continue reading RIMS Names Airbnb Insurance Head Laura Langone as President for 2020 Term

TCOR Up Two Percent in 2018 Due to Rising Insurance Rates

Businesses and organizations paid nearly two percent more in 2018 than they did in 2017 to cover the total cost of risk (TCOR), according to the 2019 Risk & Insurance Management Society (RIMS) Benchmark Survey. Reversing the trend of falling average TCOR per $1,000 of revenue seen from 2013 to 2017, average TCOR rose from… Continue reading TCOR Up Two Percent in 2018 Due to Rising Insurance Rates

Abundance of Data and Growth of Alternative Risk Finance Methods Provide Opportunities for Risk Managers: Marsh/RIMS Report

Risk managers are operating in an environment rich in data that when combined with growing alternative risk solutions can result in more robust risk finance strategies and more resilient organizations, according to a new report published today by Marsh, the world’s leading insurance broker and risk advisor, and RIMS, the risk management society®. However, a… Continue reading Abundance of Data and Growth of Alternative Risk Finance Methods Provide Opportunities for Risk Managers: Marsh/RIMS Report