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Regardless of the 2% increase in average TCOR, the RIMS study reports 2018 was a profitable year for the P&C industry. (Photo: Shutterstock)

Businesses and organizations paid nearly 2% more in 2018 than they did in 2017 to cover total cost of risk (TCOR), the 2019 Risk & Insurance Management Society (RIMS) Benchmark Survey found. This reverses a five-year trend of decreases in average TCOR per $1,000 in revenue.

Average TCOR decreased year-over-year from 2013 to 2017. In 2018, average TCOR increased to $9.95 per $1,000 of revenue, up from $9.75 in 2017.

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Danielle Ling

Danielle Ling is an experienced video journalist and business reporter. As associate editor, Danielle manages all multimedia and reports on industry news and risk-related coverage, managing all weather-related content. A University of Maryland and Philip Merrill College of Journalism alum, Danielle previously served as a video journalist for Verizon FiOS 1 News NJ, Push Pause. Connect with Danielle on LinkedIn or email her at [email protected].

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