Aug 27, 2019
Welcome to RIMScast. Your host is Justin Smulison, Business Content Manager at RIMS, the Risk and Insurance Management Society.
In today’s episode, your host, Justin Smulison, will be discussing the 2019 RIMS Benchmark Survey with David Bradford, the Chief Strategy Officer at Advisen. Jointly authored by RIMS and Advisen, the RIMS Benchmark Survey is the leading reference source for risk management professionals, with industry data for more than 5,000 insurance programs from 570 organizations — many of which are Fortune 500 companies. The survey captures information on the state of the insurance marketplace and provides the only independent fact-based review of the cost of risk to insurance purchasers, unbiased by brokers or insurers involved.
Justin and David have a lot to discuss as the 2019 RIMS Benchmark Survey impacts many different areas in the world of risk management and insurance, so tune in to learn all about it and how it impacts you!
Key Takeaways:
[:13] About today’s episode!
[:31] About upcoming RIMS events!
[1:02] Justin welcomes David Bradford on to the podcast!
[1:24] Does David feel we are entering a hard market?
[3:27] What D&O events stood out that set a precedent in 2018?
[5:53] How did the #MeToo movement influence EPLI risks?
[6:37] How did the hurricane season of 2018 impact the property market?
[8:08] As David was drafting the survey, what were some trends that stood out to him?
[9:16] Compared to the 2018 report, did David find that this one was easier to do since there weren’t as many catastrophes?
[10:12] Based on what David has seen year-to-date, how’s the 2020 survey shaping up?
[11:02] How did GDPR factor into this year’s report?
[11:54] David gives his thoughts on what listeners should know about this year’s survey as well as what’s coming up in 2020.
[12:44] Justin thanks David for joining RIMScast!
[12:58] Where to find the 2019 RIMS Benchmark Survey and more!
Mentioned in this Episode:
RIMS Legislative Summit: Oct. 16th–17th in Washington, DC (Use promo code RIMSCAST25 at checkout to save on registration!)
RIMS ERM Conference 2019: Nov. 4th–5th in New Orleans, LA
RIMS-Certified Risk Management Professional (RIMS-CRMP)
RIMS Membership — Discover why 10,000 of your peers from more than 60 countries are a part of the RIMS community!
Want to Learn More?
Keep up with the podcast on RIMS.org and listen on iTunes.
Have a question or suggestion? Email: Content@rims.org.
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