- Average TCOR for all companies increased 1.7 percent, from $10.02 per $1,000 of revenue to $10.19 per $1,000 of revenue.
- The contribution of property premiums to Average TCOR grew nearly 9 percent, from $2.73 per $1,000 of revenue to $2.92 per $1,000 of revenue.
- About half of risk managers surveyed use TCOR as a tool for benchmarking, reporting to management, assessing risk management department performance or for other related purposes.
- As more organizations recognize the benefits of social media for communicating with customers and other stakeholders, a vast majority of risk professionals who participated in the survey believe that social media poses at least a moderate threat to their organizations.
The survey contains data contributed by more than 1,000 companies. It can be obtained from www.RIMS.org/book
•Date: 29th June 2012 • World •Type: Article • Topic: Enterprise risk management