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Cost of risk dropped 3.1% in 2009: Rims

09 July 2010

The combined impact of lower insurance costs and lower risk management administrative costs led to a 3.1% drop in average total cost of risk (TCOR) per $1,000 of revenue in 2009, according to Rims.

Read more: Risk and Insurance Management Society workers' comp directors' and officers' liability

The combined impact of lower insurance costs and lower risk management administrative costs led to a 3.1% drop in average total cost of risk (TCOR) per $1,000 of revenue in 2009, according to the Risk and Insurance Management Society (Rims)....


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Poll

Catastrophe bond issuance was $4.3bn in 2011. How much new issuance will there be in 2012?

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0%
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44%
$4bn-$5bn
22%
$5bn-$6bn
11%
$6bn-$7bn
22%
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Quote

If last year was the year of the cat, then this year could be the year of the debt crisis.

Mike Van Slooten, head of international market analysis at Aon Benfield