{"id":1093,"date":"2017-05-02T23:39:23","date_gmt":"2017-05-02T15:39:23","guid":{"rendered":"http:\/\/microdium.net\/public\/2017\/05\/02\/total-cost-of-risk-drops-for-third-straight-year-rims-finds\/"},"modified":"2017-05-02T23:39:23","modified_gmt":"2017-05-02T15:39:23","slug":"total-cost-of-risk-drops-for-third-straight-year-rims-finds","status":"publish","type":"post","link":"https:\/\/www.microdium.com\/public\/2017\/05\/02\/total-cost-of-risk-drops-for-third-straight-year-rims-finds\/","title":{"rendered":"Total Cost of Risk Drops for Third Straight Year, RIMS Finds"},"content":{"rendered":"<div class=\"K2FeedImage\"><img decoding=\"async\" src=\"https:\/\/www.microdium.net\/public\/wp-content\/uploads\/2017\/05\/d0981679537698a490fd92b349b64dc0_S.jpg\" alt=\"Total Cost of Risk Drops for Third Straight Year, RIMS Finds\" \/><\/div>\n<div class=\"K2FeedIntroText\">\n<p>Despite the challenges of\u00a0a slowed economy in an election year, a shifting risk landscape as a result of technological advances, and a slow to negative growth rate in some sectors,\u00a02016 saw the total cost of risk (TCOR) decline for the third consecutive year, according to the <a href=\"https:\/\/www.rims.org\/resources\/BenchmarkSurvey\/Pages\/PurchasetheBook.aspx\">2017 RIMS Benchmark Survey.<\/a><\/p>\n<p>Even in the face of such\u00a0uncertainties, the TCOR per $1,000 of revenue continued to drop, ending at $10.07 in 2016. The main drivers were declines in all lines excluding fidelity, surety and crime costs, according to the report. TCOR is defined in\u00a0the survey as the cost of insurance, plus the costs of the losses retained and the administrative costs of the risk management department.<\/p>\n<p>The survey encompasses industry data from 759 organizations and contains policy-level information from 10 coverage groups, subdivided into 90 lines of business.<\/p>\n<p>&#8230;<\/p>\n<p><a href=\"http:\/\/www.riskmanagementmonitor.com\/total-cost-of-risk-drops-for-third-straight-year-rims-finds\/\">http:\/\/www.riskmanagementmonitor.com\/total-cost-of-risk-drops-for-third-straight-year-rims-finds\/<\/a><\/p>\n<\/div>\n<p>&#013;<br \/>\nSource: DRJ New feed<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Despite the challenges of\u00a0a slowed economy in an election year, a shifting risk landscape as a result of technological advances, and a slow to negative growth rate in some sectors,\u00a02016 saw the total cost of risk (TCOR) decline for the third consecutive year, according to the 2017 RIMS Benchmark Survey. Even in the face of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1094,"comment_status":"false","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[15],"class_list":["post-1093","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-disaster-recovery-cybersecurity-news-malaysia","tag-about"],"_links":{"self":[{"href":"https:\/\/www.microdium.com\/public\/wp-json\/wp\/v2\/posts\/1093","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.microdium.com\/public\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.microdium.com\/public\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.microdium.com\/public\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.microdium.com\/public\/wp-json\/wp\/v2\/comments?post=1093"}],"version-history":[{"count":0,"href":"https:\/\/www.microdium.com\/public\/wp-json\/wp\/v2\/posts\/1093\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.microdium.com\/public\/wp-json\/wp\/v2\/media?parent=1093"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.microdium.com\/public\/wp-json\/wp\/v2\/categories?post=1093"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.microdium.com\/public\/wp-json\/wp\/v2\/tags?post=1093"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}