2013 Risk Management Compensation Survey
Transcription
2013 Risk Management Compensation Survey
2013 Risk Management Compensation Survey Conducted By: Data Effective March 1, 2013 8476 Greenway Blvd., Suite 100 Middleton, WI 53562 www.enetrix.com 2013 Risk Management Compensation Survey Table of Contents Executive Summary ……………………………………………………………………………………………………………………. l – 1 Introduction ……………………………………………………………………………………………………………………………… l – 5 Participant List – U.S. Respondents ……………………………………………………………………………………………………. II – 1 Participant Demographics – U.S. Respondents …………………………………………………………………………………….. III – 1 Summary of Survey Results – U.S. Analysis All Positions ………………………………………………………………………………………………………………. Chief Risk Officer |Vice President-Risk Management |Vice President-Strategic and Enterprise Risk ...... ………… Director - Business Continuity/Financial/IT Risk Management ……………………………………………………………. Director - Enterprise Risk Management (ERM)/Strategic Risk Management / Risk Intelligence ……………………. Director – Insurance and Risk Management ………………………………………………………………………………. Manager – Insurance Management ……………………………………………………………………………..………… Employee Benefits/Workers Compensation Claims Manager………………………………………………..…………. Claims Manager ………………………………………………………………………………………………………………... Environmental, Health or Safety Manager…………………………………………………………………………………. Risk Management Analyst (Enterprise-Wide) ………………………………………………………………………………. Risk Management Analyst …………………………………………………………………………………………..………… Claims Analyst …………………………………………………………………………………………………………………... lV – 1 lV – 3 lV – 7 lV – 11 lV – 15 lV – 19 lV – 23 lV – 27 lV – 31 lV – 35 lV – 39 lV – 43 Detail Survey Results – U.S. Analysis Chief Risk Officer |Vice President-Risk Management |Vice President-Strategic and Enterprise Risk ...... ………… Director - Business Continuity/Financial/IT Risk Management ……………………………………………………………. Director - Enterprise Risk Management (ERM)/Strategic Risk Management / Risk Intelligence ……………………. Director – Insurance and Risk Management ………………………………………………………………………………. Manager – Insurance Management ……………………………………………………………………………..………… Employee Benefits/Workers Compensation Claims Manager………………………………………………..…………. Claims Manager ………………………………………………………………………………………………………………... Environmental, Health or Safety Manager…………………………………………………………………………………. V–1 V–5 V–9 V – 13 V – 19 V – 25 V – 29 V – 33 Data effective: March 1, 2013 i 2013 Risk Management Compensation Survey Table of Contents (continued) Risk Management Analyst (Enterprise-Wide) ………………………………………………………………………………. V – 37 Risk Management Analyst …………………………………………………………………………………………..………… V – 41 Claims Analyst …………………………………………………………………………………………………………………... V – 45 Participant List – Canadian Respondents ……………………………………………………………………………………………. VI – 1 Participant Demographics – Canadian Respondents …………………………………………………………………………….. VII – 1 Summary of Survey Results – Canadian Analysis All Positions ………………………………………………………………………………………………………………. Chief Risk Officer |Vice President-Risk Management |Vice President-Strategic and Enterprise Risk ...... …………. Director - Business Continuity/Financial/IT Risk Management ……………………………………………………………. Director - Enterprise Risk Management (ERM)/Strategic Risk Management / Risk Intelligence ……………………. Director – Insurance and Risk Management ………………………………………………………………………………. Manager – Insurance Management ……………………………………………………………………………..………… Employee Benefits/Workers Compensation Claims Manager………………………………………………..…………. Claims Manager ………………………………………………………………………………………………………………... Environmental, Health or Safety Manager…………………………………………………………………………………. Risk Management Analyst (Enterprise-Wide) ………………………………………………………………………………. Risk Management Analyst …………………………………………………………………………………………..………… Claims Analyst …………………………………………………………………………………………………………………... VIII – 1 VIII – 3 VIII – 7 VIII – 11 VIII – 15 VIII – 19 VIII – 23 VIII – 25 VIII – 29 VIII – 31 VIII – 35 VIII – 39 Detail Survey Results – Canadian Analysis Chief Risk Officer |Vice President-Risk Management |Vice President-Strategic and Enterprise Risk ...... ………. Director - Business Continuity/Financial/IT Risk Management ……………………………………………………………. Director - Enterprise Risk Management (ERM)/Strategic Risk Management / Risk Intelligence ……………………. Director – Insurance and Risk Management ………………………………………………………………………………. Manager – Insurance Management ……………………………………………………………………………..………… Employee Benefits/Workers Compensation Claims Manager………………………………………………..…………. Claims Manager ………………………………………………………………………………………………………………... Environmental, Health or Safety Manager…………………………………………………………………………………. IX – 1 IX – 3 IX – 5 IX – 7 IX – 9 IX – 11 IX – 13 IX – 15 Data effective: March 1, 2013 ii 2013 Risk Management Compensation Survey Table of Contents (continued) Risk Management Analyst (Enterprise-Wide) ………………………………………………………………………………. IX – 17 Risk Management Analyst …………………………………………………………………………………………..………… IX – 19 Claims Analyst …………………………………………………………………………………………………………………... IX – 21 Data effective: March 1, 2013 iii 2013 Risk Management Compensation Survey Data effective: April 1, 2013 iv 2013 Risk Management Compensation Survey Executive Summary The Risk and Insurance Management Society, Inc. (RIMS) is pleased to present the results of our 2013 Risk Management Compensation Survey. With more than 11,500 individual members representing more than 3,500 organizations in 58 countries, RIMS is a not-for-profit professional society dedicated to advancing the practice of risk management, a professional discipline that protects physical, digital, financial, and human resources. The survey was conducted by enetrix, A Division of Gallup, Inc. The 2013 survey presents compensation data for 11 different positions. While sixteen different positions were listed on the survey document, there was insufficient data for analysis, or small sample sizes, on 5 of them. The results reflect data submitted by individual risk management professionals working in over 1,561 organizations in the United States and over 218 organizations in Canada. In total, 2,241 usable surveys were submitted online by RIMS members and risk management professionals during January and February, 2013. Approximately fifty-seven point four percent (57.4%) of the U.S. respondents work in organizations with more than $1 Billion in annual revenue. Slightly less than half work in publicly owned organizations (46.0%), while 29.3% work for private employers. A majority of the survey respondents from the U.S. were Insurance and Risk Management Directors (n=770), Insurance Management Managers (n=359) and Chief Risk Officers or Vice Presidents-Risk Management or Vice President-Strategic and Enterprise Risk (n=211). Not surprisingly, the highest-paid risk management position was that of Chief Risk Officer/VP-Risk Management/VP-Strategic and Enterprise Risk, with an average base salary of US$184,152 and total compensation of US$227,573. The lowest paid risk management position was that of Claims Analyst, with an average base salary of US$64,184 and total compensation of US$66,295. For Canadian respondents, approximately 42.6% work in organizations with more than $1 Billion in annual revenue. Unlike the US, only 25.2% work in publicly owned organizations. And in Canada, 37.4% of respondents work for governmental employers as opposed to 12.0% in the US. A majority of the survey respondents were Insurance and Risk Management Directors (n=80) or Insurance Management Managers (n=46). The highest- paid risk management position surveyed was, once again, that of Chief Risk Officer/VP-Risk Management/VP-Strategic and Enterprise Risk, with an average base salary of CDN$173,611 and total compensation of CDN$205,944. The lowest paid position for which data was available was that of Claims Analyst with an average base salary CDN$60,443 and total compensation of CDN$60,443. This survey is the seventh conducted by the Risk and Insurance Management Society, Inc. Risk Managers who responded to and completed the survey received an executive summary, in PDF, at no cost. PDF copies of the complete report may be ordered at www.RIMS.org/Compensation. © 2013 Risk and Insurance Management Society, Inc. (RIMS) I-1 Introduction and Executive Summary espondents 2013 Risk Management Compensation Survey The Risk and Insurance Management Society, Inc. (RIMS) is pleased toExecutive present the results of our 2013 Risk Management Compensation Survey. With more Summary than 11,500 individual members representing more than 3,500 organizations in 58 countries, RIMS is a not-for-profit professional society dedicated to As expected, in higher positions (both in the US discipline and in Canada) have a greater of theirand total cash compensation in advancing thethose practice of risklevel management, a professional that protects physical,percentage digital, financial, human resources. Theat-risk surveythan was those conducted more entryAlevel risk management by enetrix, Division of Gallup, Inc.positions. All Positions - United States Job Title Chief Risk Officer | Vice President Risk Management | Vice President Strategic and Enterprise Risk Director - Business Continuity/Financial/IT Risk Management Director - Enterprise Risk Management (ERM)/Strategic Risk Management / Risk Intelligence # of Resp. Average Base Salary ($000) Average Total Comp ($000) 211 $184.2 $227.6 Average Base Salary ($000) $0.0 Average Total Comp ($000) $50.0 $100.0 $150.0 $200.0 $184.2 Chief Risk Officer | Vice President - Risk Management | Vice President - Strategic and Enterprise Risk 22 $141.7 $166.4 Director - Business Continuity/Financial/IT Risk Management 123 $135.3 $152.0 Director - Enterprise Risk Management (ERM)/Strategic Risk Management / Risk Intelligence Director - Insurance and Risk Management 770 $133.4 $154.6 Director - Insurance and Risk Management Manager - Insurance Management 359 $102.1 $111.4 Manager - Insurance Management Employee Benefits/Workers Compensation Claims Manager 45 $84.4 $88.0 Employee Benefits/Workers Compensation Claims Manager Claims Manager 112 $86.9 $94.1 Claims Manager Environmental, Health or Safety Manager 33 $91.6 $100.5 Risk Management Analyst (EnterpriseWide) 79 $76.5 $80.2 Risk Management Analyst 202 $69.6 $72.7 Claims Analyst 15 $64.2 $66.3 $250.0 $227.6 $141.7 $166.4 $135.3 $152.0 $133.4 $154.6 $102.1 $111.4 $84.4 $88.0 $86.9 $94.1 $91.6 Environmental, Health or Safety Manager $100.5 Risk Management Analyst (Enterprise-Wide) $76.5 $80.2 Risk Management Analyst $69.6 $72.7 Claims Analyst $64.2 $66.3 Cash Compensation (All dollar amounts are displayed in USD $000s) © 2013 Risk and Insurance Management Society, Inc. (RIMS) I-2 Introduction and Executive Summary espondents 2013 Risk Management Compensation Survey The Risk and Insurance Management Society, Inc. (RIMS) is pleased toExecutive present the results of our 2013 Risk Management Compensation Survey. With more Summary than 11,500 individual members representing more than 3,500 organizations in 58 countries, RIMS is a not-for-profit professional society dedicated to advancing the practice of risk management, a professional discipline that protects physical, digital, financial, and human resources. The survey was conducted All Positions - Canada by enetrix, A Division of Gallup, Inc. Job Title Chief Risk Officer | Vice President Risk Management | Vice President Strategic and Enterprise Risk Director - Business Continuity/Financial/IT Risk Management Director - Enterprise Risk Management (ERM)/Strategic Risk Management / Risk Intelligence # of Resp. Average Base Salary ($000) Average Total Comp ($000) 18 $173.6 $205.9 Average Base Salary ($000) $0.0 Average Total Comp ($000) $50.0 $100.0 $150.0 $132.0 $154.8 Director - Business Continuity/Financial/IT Risk Management 36 $122.8 $128.4 Director - Enterprise Risk Management (ERM)/Strategic Risk Management / Risk Intelligence Director - Insurance and Risk Management 80 $119.1 $133.1 Director - Insurance and Risk Management Manager - Insurance Management 46 $100.3 $106.4 Manager - Insurance Management Employee Benefits/Workers Compensation Claims Manager 0 -- -- Claims Manager 12 $84.3 $87.5 Environmental, Health or Safety Manager 1 -- -- Risk Management Analyst (EnterpriseWide) 32 $84.6 $89.9 Risk Management Analyst 31 $76.3 $79.3 Claims Analyst 7 $60.4 $60.4 $250.0 $173.6 Chief Risk Officer | Vice President - Risk Management | Vice President - Strategic and Enterprise Risk 7 $200.0 $205.9 $132.0 $154.8 $122.8 $128.4 $119.1 $133.1 $100.3 $106.4 Employee Benefits/Workers Compensation Claims Manager $84.3 Claims Manager $87.5 Environmental, Health or Safety Manager $84.6 Risk Management Analyst (Enterprise-Wide) $89.9 Risk Management Analyst $76.3 $79.3 Claims Analyst $60.4 $60.4 Cash Compensation (All dollar amounts are displayed in CAD $000s) © 2013 Risk and Insurance Management Society, Inc. (RIMS) I-3 Introduction and Executive Summary 2013 Risk Management Compensation Survey The Risk and Insurance Management Society, Inc. (RIMS) is pleased to present the results of our 2013 Risk Management Compensation Survey. With more than 11,500 individual members representing more than 3,500 organizations in 58 countries, RIMS is a not-for-profit professional society dedicated to advancing the practice of risk management, a professional discipline that protects physical, digital, financial, and human resources. The survey was conducted by enetrix, A Division of Gallup, Inc. This Page Intentionally Blank © 2013 Risk and Insurance Management Society, Inc. (RIMS) I-4 Introduction and Executive Summary 2013 Risk Management Compensation Survey Introduction The Risk and Insurance Management Society, Inc. is pleased to present the results of the 2013 Risk Management Compensation Survey. This year’s survey presents compensation data for 11 jobs reflecting submissions by individual risk management professionals working in over 1,561 organizations in the United States and over 218 organizations in Canada. Data submitted from individuals from each country are reported in the country specific sections of this report. More information about the participants is available in Section II (US Participant List), Section III (US Participant Demographics), Section VI (Canadian Participant List), and Section VII (Canadian Participant Demographics). Summary of Survey Results Compensation for a particular position may vary by industry, size of organization, supervisory responsibility, and geography – commonly referred to as “scopes”. For a quick view of the survey results, refer to Sections IV (Summary Results for US) and VIII (Summary Results for Canada) which contain graphs showing the average compensation for each job by country and scope. Detailed Survey Results Reports showing more detailed compensation data for each job (by country) are shown in Sections V (Detailed Results for US) and IX (Detailed Results for Canada). When reviewing the survey results, keep in mind that cash compensation is only one piece of an individual’s “total rewards” package, which may also include benefits and the work experience offered to the employee. © 2013 Risk and Insurance Management Society, Inc. (RIMS) I-5 Introduction and Executive Summary 2013 Risk Management Compensation Survey About RIMS, Inc. Risk and Insurance Management Society, Inc. The Risk and Insurance Management Society, Inc. (RIMS) is a not-for-profit organization dedicated to advancing the practice of risk management, a professional discipline that protects physical, financial and human resources. Founded in 1950, RIMS represents more than 4,100 industrial, service, nonprofit, charitable, and governmental entities. The Society serves more than 11,500 risk management professionals around the world. For more information about RIMS, visit www.RIMS.org About enetrix, A Division of Gallup, Inc. enetrix is a Division of Gallup, Inc and is a premier provider of online survey services to America's leading associations, as well as to business and industry. enetrix currently manages over 2 dozen online salary surveys for various associations in the Accounting, Educational, Electronics, Engineering, Financial, and Healthcare fields. In addition, the enetrix research team provides survey consultation for dozens of associations and organizations in the areas of member and employee satisfaction, customer satisfaction, and industry benchmarking. Our mission is to inspire organizations to make informed decisions. For more information about enetrix, visit www.enetrix.com © 2013 Risk and Insurance Management Society, Inc. (RIMS) I-6 Introduction and Executive Summary 2013 Risk Management Compensation Survey Methodology The information presented in this report is based on a survey of RIMS Members, conducted in January and February of 2013. RIMS contracted with enetrix (a survey management firm located in Middleton, WI) to administer the survey on a secure web site and invite members to participate. A total of 12,062 electronic invitations were sent to RIMS member from the United States and Canada on January 3, 2013. A general link to the survey site was also posted on the RIMS website for non-members to register and participate in the survey. In total, 2,587 online questionnaires were completed or partially completed between January and February, 2013. If based solely off the 12,062 member list provided, the number of completions would equate to a 21.4 percent response rate. All data was submitted online. Not every participant provided all of the information requested. Respondents were included in the study if they provided sufficient information to be included in at least one table of the report. Data was eliminated from the survey reports if the respondent’s compensation data was not provided, insufficient, or obviously erroneous. In a handful of cases, duplicate responses from the same individual were identified and subsequently eliminated when calculating any statistics contained in this report. This reduced the sample to 2,241 for this purpose. Data was not displayed for any line of data where the sample size was less than 5. Only medians and means are shown for any line of data where the sample size was between 5 and 9 respondents. This approach is consistent with the safe harbor guidelines published by the U.S. Department of Justice and the U.S. Federal Trade Commission. Data Confidentiality and Privacy All survey responses are held in the strictest confidence and were collected and tabulated by enetrix. As a third party survey provider, enetrix does not share individual responses with anyone including RIMS employees. To ensure respondent confidentiality, observations based on five or fewer survey responses are not reported for individual categories. However, all responses are included in the "total" calculations. In addition, enetrix will not sell, rent, or trade participant name and contact information (or any such information for any person employed by a participant) to any third party intending to use or distribute such information for marketing-related purposes. © 2013 Risk and Insurance Management Society, Inc. (RIMS) I-7 Introduction and Executive Summary 2013 Risk Management Compensation Survey Interpreting the Data Data for all pertinent variables should be considered simultaneously when the data is interpreted—especially where the sample size of a subgroup is extremely small. Some respondents may have reported incomes considerably higher or lower than those of the remaining individuals in a subgroup. This would unduly influence the mean for some small subgroups. Therefore, wherever the sample is small and there is a considerable difference between the average and median in a line of data, greater weight should usually be given to the median than to the average. Sometimes, the information reported in a line of data may appear to be inconsistent with that of related data lines. In such cases, the relative sample size of each line of data should be considered. Usually, more confidence should be placed in the line of data having the larger sample size. However, the “rule of reason” should govern. As the definitions imply, one-half of respondents are paid more than the median (50 th Percentile), one-quarter more than the 75th percentile, and 10% more than the 90th percentile. Naturally, regional factors and level of responsibility play a large part in determining an individual’s specific income level. Further, as a matter of policy, many employers deliberately set pay rates above the average to attract and retain the best possible employees. Therefore, the fact that an individual’s salary is above some otherwise appropriate statistic need not be a matter of concern. © 2013 Risk and Insurance Management Society, Inc. (RIMS) I-8 Introduction and Executive Summary 2013 Risk Management Compensation Survey About the Survey Instrument and Jobs Surveyed Survey respondents were asked to identify themselves to one of 16 job titles presented on the survey and provide their base salary and short-term incentives granted to them for the past year. In particular, respondents were asked to provide information related to their: Scope: This term pertains to a particular segmentation of a set of collected data. The scope factors asked for on the survey instrument and outlined for display in this report include: organizational characteristics (ownership type, revenue, industry), geographic location of workplace (e.g., region, state, metro area), level of education, and supervisory responsibility. Base Salary: The annual, fixed portion of compensation paid to an employee. This is the salary paid to the employee for fulfillment of their essential functions. Base Salary does not include short-term or long-term incentives, differentials, premiums, overtime, benefits, or any other type of variable pay. Short-term Incentives (STI): An award in the form of cash or another item of value that is contingent upon the achievement of individual, group, or organizational results identified at the beginning of a performance cycle. The short-term performance cycle is normally one-year or less. Short-term incentives are usually, though not always, cash awards. Short-term incentives are sometimes called “bonuses.” Respondents were asked to a select one of the 16 job titles listed on the following pages that closest matched their current job responsibilities. Job Title 1. Chief Risk Officer/Vice President - Risk Management Job Description Description of Responsibilities: Plans and directs all aspects of an organization's risk management policies, objectives, and initiatives. Responsible for the development and execution of the organization’s enterprise risk and risk appetite frameworks, and related processes to achieve the organization’s short- and long-term strategic, financial and operational goals. Directs the development of the organization’s risk practices as an interrelated risk portfolio to create, capture and protect the enterprise value. Seeks ways to optimize risk decision making in the organization as a competitive advantage, using multiple techniques and solutions. Recognized as a dynamic, proactive and decisive risk leader. Possesses a broad-based operational perspective, an intimate knowledge of internal business processes and understanding of the organization’s industry. Adapts well to and initiates change in the organization. Demonstrates expertise in a variety of the field's concepts, practices, and procedures. Relies on extensive personal leadership skills, network of internal and external alliances, experience and judgment to plan and accomplish goals. Performs a variety of tasks. Leads and directs the work of others. A wide degree of creativity and latitude is expected. Key traits for the individual in this position are: highly developed communications, team player, change agent, strategic and creative, excellent project management skills and the ability to drive performance from all areas within the organization. Position level/Reporting Structure: This person typically reports to the CEO, President, Principal or Executive Director They are identified as the top risk executive in the company and may be the CFO or COO if these positions are identified as the person responsible for all activities relating to risk within the organization. © 2013 Risk and Insurance Management Society, Inc. (RIMS) I-9 Introduction and Executive Summary 2013 Risk Management Compensation Survey Job Title 2. Director - Enterprise Risk Management (ERM) (Combined into the job Director Enterprise Risk Management (ERM)/Strategic Risk Management / Risk Intelligence) Job Description Description of Responsibilities: Responsible for the leadership, innovation, governance, and management necessary to identify, analyze, evaluate, handle, and monitor the company’s operational and strategic risks. Develops risk management tools, practices, and policies to assess and report enterprise risks, for the organization to manage risks according to an enterprise risk management framework. Ensures the organization's risk management policies and risk strategies are in compliance with applicable regulations, rating agency standards, and strategic imperatives of the organization. Determines the organization’s enterprise risk management architecture / framework. Oversees or monitors key strategic and/or operational risk management activities of the organization. Monitors and analyzes risks within the company's business units and reports on these risks to the Board. Chairs or provides key inputs into the company’s enterprise risk or other committee that oversees the enterprise risk management process and ensures alignment with organizational objectives. This position also may have responsibilities for Insurance and Risk Management and / or Business Continuity Planning activities for the organization. Position level/ Reporting Structure: This person may be a liaison for reporting findings and status to senior executives and/or the organization's board of directors/audit committee. The position typically reports to the Chief Financial Officer, Chief Risk Officer, or other corporate level officer designee. 3. Director - Strategic Risk Management / Risk Intelligence (Combined into the job Director Enterprise Risk Management (ERM)/Strategic Risk Management / Risk Intelligence) Description of Responsibilities: Responsible for the leadership and innovation to collaboratively uncover and highlight strategic risks in support of the strategic planning process. Works in partnership with, but generally does not lead, the organization's strategy planning process. Has the authority to challenge the assumptions and logic underlying the crossfunctional decisions to enable the decision-makers to more fully plan for uncertainties in achieving the organization's mission, goals and objectives. Develops risk management tools, practices, and policies to assess and report strategic, emerging and dynamic risks to achieving the strategy and those risks arising from the strategy itself. Oversees or monitors deviations from expected outcomes related to key strategic risk management activities of the organization. Monitors and analyzes strategic risks within the company's business units and reports on these risks to the Board. Chairs or provides key inputs into the company's enterprise risk or other committee that oversees the enterprise risk management process and ensures alignment with organization's strategic objectives. Position level/ Reporting Structure: This person may be a liaison for reporting findings and status to senior executives and/or the organization's board of directors/executive committee. The position typically reports to the Chief Financial Officer, Chief Risk Officer, Chief Development Officer or other corporate level officer designee. © 2013 Risk and Insurance Management Society, Inc. (RIMS) I - 10 Introduction and Executive Summary 2013 Risk Management Compensation Survey Job Title 4. Director Financial Risk Management (Commodity, Credit, Interest Rates, and/or Foreign Currency) (Combined into the job Director Business Continuity/Financial/IT Risk Management) Job Description Description of Responsibilities: Responsible for the leadership, innovation, governance, and management necessary to identify, evaluate, mitigate, and monitor the company's financial risk. Develops financial risk management tools and practices to analyze and report on financial market risks and to manage risks according to a financial risk management framework and relevant policies. Ensures the organization's financial risk management policies, limits, and strategies are in compliance with applicable regulations, rating agency standards, and strategic imperatives of the organization. Oversees or monitors all financial risk management activities of the organization. Monitors and analyzes financial risks within the company's business units and on a corporate basis. Chairs or provides key inputs into the company's financial risk management committee. Position level/ Reporting Structure: This person may be a liaison for reporting findings and status to senior executives and/or the organization's board of directors/audit committee. The position typically reports to the Chief Financial Officer, Chief Risk Officer, Treasurer or other corporate level officer designee. 5. Director - IT Risk Management (Combined into the job Director Business Continuity/Financial/IT Risk Management) Description of Responsibilities: This is a senior information technology risk management position in an organization, with authority to make decisions on major IT risk management issues affecting the organization. This person is usually not the CEO, CFO or COO unless they spend more than 50% of their time directly involved in, and accountable for IT risk management activities/issues affecting the organization. Accountable for implementing IT policies, plans and procedures, and organizational structures designed to provide reasonable assurance that 1) IT is aligned with the achievement of business objectives 2) Undesired events are detected, prevented and corrected and 3) IT risks are managed appropriately. Position level/ Reporting Structure: Reports findings on IT risk exposures to senior executives, and implements IT risk controls. Operationally reports to the Chief Technology Officer, or other corporate level officer designee. 6. Director - Insurance and Risk Management Description of Responsibilities: This is a senior insurance and risk management position in an organization, with authority to make decisions on risk management issues affecting the organization. This person is usually not the CEO, CFO or COO unless they spend more than 50% of their time directly involved in, and accountable for, risk management activities/issues affecting the organization. Accountable for protecting the achievement of organizational objectives, ensuring effective hazard (typically insurable risks) risk management for the organization and supervising, leading and/or directing key internal risk stakeholders. This person typically is responsible for the process of identifying, measuring and managing insurable or hazard risks, developing reports and plans, and analyzing risk/insurance problems and defining and/or overseeing the implementation of the risk solutions that help avoid, transfer or mitigate risks in order to optimize operations. Position level/ Reporting Structure: Reports findings on risk exposures to senior executives and/or the organization's board of directors, and implements strategies to manage insurable and/or hazard risks. Operationally reports to the Chief Financial Officer, Chief Risk Officer, or other corporate level officer designee. © 2013 Risk and Insurance Management Society, Inc. (RIMS) I - 11 Introduction and Executive Summary 2013 Risk Management Compensation Survey Job Title 7. Director - Business Continuity Management (Combined into the job Director Business Continuity/Financial/IT Risk Management) Job Description Description of Responsibilities: Leads corporate wide contingency planning/business continuity efforts regardless of the type of potential disruption. Establishes a strategy, framework and methodology for successful execution of business resiliency plans by internal business units. Drives and delivers effective business continuity strategies to plan, prevent, prepare, respond and, in time of disaster, recover the organization’s critical resources, processes, technology and functions. Coordinates training, communication, and testing of plans. Frequently has a background in IT, audit or control and has earned certification in business continuity planning. Drives and delivers Business Continuity commitment, support, ownership, accountability and results. Designs, builds, and implements standard risk assessment, business impact analysis, and other business continuity tools and capabilities. Directs the continuous and regular training, validation and testing of documented business continuity plans. Position level/ Reporting Structure: Reports findings on business disruption risk exposures to senior executives, and implements business continuity risk controls. Operationally reports to the Chief Technology Officer, Chief Risk Officer, or other corporate level officer designee. 8. Manager - Insurance Management Description of Responsibilities: Responsibilities include directing the purchase of insurance programs, management of claims and loss control activities, management of relationships with third party service providers including brokers, insurers, consultants and other administrators, preparing loss analyses and budgets, identifying exposures, recommending solutions, implementing approved programs, promoting loss prevention, updating and monitoring compliance with insurance procedures and managing safety/risk management manuals. 9. Employee Benefits Manager Description of Responsibilities: Responsible for the direction and management of the organization’s employee benefits program. Develops and administers plans through coordination with professional consultants and technical experts in the legal, medical, actuarial, accounting, financial, economics, labor relations, and communications disciplines. The benefits program administration includes designing and financing the plans, controlling costs, communicating benefits to employees, and keeping abreast of government legislation affecting employee benefit plans. 10. Claims Manager Description of Responsibilities: Mitigates an organization’s exposure to risk by formulating, developing, and coordinating all claims-related activities, as well as resolving bona fide claims at the least possible cost through various risk transfer techniques. Directs a program to ensure the proper and efficient handling of claims, gathering data on claims for both record keeping and loss forecasting purposes, and estimating the financial value of claims. Is also responsible for post loss reduction techniques such as salvage, subrogation and rehabilitation. © 2013 Risk and Insurance Management Society, Inc. (RIMS) I - 12 Introduction and Executive Summary 2013 Risk Management Compensation Survey Job Title Job Description 11. Workers' Compensation Claims Manager Description of Responsibilities: Manages accountabilities in the administration of first and third party worker’s compensation claims. This role manages domestic and/or international claim management strategies critical to the organization's success. Understands and operationalizes programs, policies, and procedures for: reporting, investigation, and analysis; litigation management; resolution/outcome management; and the delivery of claim information. Manages litigated and moderately complex claims and is entrusted with significant settlement authority. Understands and communicates claims management philosophy and strategy to business unit and regional management. Builds, maintains, and manages relationships with claims adjusters, insurers, outside legal counsel, and other claims related parties. Ensures external reporting requirements are met. Operationalizes the design, analysis and delivery of claim information which influences risk management behavior through performance metrics and benchmarking. 12. Environmental, Health or Safety Manager Description of Responsibilities: Formulates, develops, and coordinates safety and loss control functions of the organization. Designs and directs a program to reduce accidents, occupational illnesses, and exposure to long-term health hazards through safety-training of supervisors and managers, planned inspections, skill training, first-aid care, emergency preparedness, proper job instruction, new employee indoctrination, physical protection, planned job observation, rules and practices, job analysis/procedures, disposal procedures, and protective equipment. Maintains compliance with governmental regulatory agencies. Responsible for identifying causes of past accidents for taking corrective measures. 13. Risk Management Analyst (Enterprise-Wide) Description of Responsibilities: Supports the risk manager regarding all aspects of the enterprise-wide risk management program. Responsibilities include facilitating the identification of risks throughout the organization, developing, reporting and monitoring formats on risk management issues and developing methodologies for the assessment of risks throughout the organization. 14. Risk Management Analyst (Financial Risk - Commodity, Credit, Interest Rates, and/or Foreign Currency) Description of Responsibilities: Supports the risk manager regarding all aspects of a financial risk management program. Responsibilities include the development, implementation and application of risk metrics and methodologies and the monitoring, analysis and reporting of financial risk exposures. Supports organizational compliance with risk policies through regular risk exposure monitoring and reporting. Responsible for documenting and reporting risk policy exceptions to risk committee. (Combined into the job Risk Management Analyst) 15. Risk Management Analyst (Insurance) Description of Responsibilities: Supports department manager regarding all aspects of corporate insurance programs. Responsibilities include compilation of underwriting information and coverage placement, claims administration, loss forecasting, and analysis to assist in loss reduction. (Combined into the job Risk Management Analyst) © 2013 Risk and Insurance Management Society, Inc. (RIMS) I - 13 Introduction and Executive Summary 2013 Risk Management Compensation Survey Job Title 16. Claims Analyst Job Description Description of Responsibilities: Reviews first and third party claims for irregularities, accuracy and completeness. Requests additional information, where necessary, for completion of claim processing. Reviews claims for eligibility. Maintains updated records and prepares required reports. Assists in claims cost control. Performs the design, analysis and delivery of claim information. Contacts individuals about claims and coordinates the handling of benefits. This role focuses on operational effectiveness in support of claims management strategies. Understands and performs domestic and/or international claim programs, policies, and procedures for: reporting, investigation, and analysis; litigation management; resolution/outcome management; and the delivery of claim information. Handles mostly routine noncomplex claims but, may handle litigated and moderately complex claims with limited settlement authority. Because of low sample sizes for several jobs, data was combined for the following job titles: Job Title Combined Job Title for Survey Director - Business Continuity/Financial/IT Risk Management Director - Business Continuity Management Director - Financial Risk Management (Commodity, Credit, Interest Rates, and/or Foreign Currency) Director - IT Risk Management Director - Enterprise Risk Management (ERM) Director - Strategic Risk Management / Risk Intelligence Director - Enterprise Risk Management (ERM)/Strategic Risk Management / Risk Intelligence Employee Benefits Manager Workers' Compensation Claims Manager Employee Benefits/Workers’ Compensation Claims Manager Risk Management Analyst (Financial Risk - Commodity, Credit, Interest Rates, and/or Foreign Currency) Risk Management Analyst (Insurance) © 2013 Risk and Insurance Management Society, Inc. (RIMS) I - 14 Risk Management Analyst Introduction and Executive Summary 2013 Risk Management Compensation Survey Definition of Terms This survey report contains a considerable amount of compensation data. We are including these summary definitions to help explain and further assist in interpretation of that data. 25th Percentile: The end of the first quartile of a data array in which the data are ranked from lowest to highest. 25% of the data are less than the 25th Percentile, and 75% of the data are greater than this number. Percentiles are organization based. 50th Percentile (Median): The midpoint of a data array in which the data are ranked from lowest to highest. 50% of the data are less than the 50th Percentile and 50% of the data are greater than this number. The 50th Percentile is also known as the Median. Percentiles are organization based. 75th Percentile: The end of the third quartile of a data array in which the data are ranked from lowest to highest. 75% of the data are less than the 75th Percentile and 25% of the data are greater than this number. Percentiles are organization based. Average (Mean): The sum of all values of a data set divided by the number of values in that set. Base Salary: The annual, fixed portion of compensation paid to an employee. This is the salary paid to the employee for fulfillment of their essential functions. Base Salary does not include short-term or long-term incentives, differentials, premiums, overtime, benefits, or any other type of variable pay. Industry: A basic category of business activity. The term industry is sometimes used to describe a very precise business activity (e.g. semiconductors) or a more generic business activity (e.g. consumer durables). If a company participates in multiple business activities, it is usually considered to be in the industry in which most of its revenues are derived. Metro Area: This displays either the Combined Statistical Area (CSA) cut or the Core Based Statistical Area (CBSA), whichever cut was available for display. The CSA is a combination of adjoining local metro areas, forming a larger collective urban area. The CBSA is a US Census Bureau standard urban area of at least 10,000 people. If a CSA was not available for a particular cut, the CBSA standard was utilized and vice versa. Median: Please see “50th Percentile.” Number of Respondents (# of Resp): The total number of individual respondents for which data is being reported. © 2013 Risk and Insurance Management Society, Inc. (RIMS) I - 15 Introduction and Executive Summary 2013 Risk Management Compensation Survey Definition of Terms (continued) Ownership: The type of ownership or tax-status of the organization. This includes Publicly Traded, Private, Not-for-Profit, & Government. Region: The grouping or combination of states into defined regional areas throughout the United States. For this report, states were grouped into the following regions: North East -- Connecticut, Maine, Massachusetts, New York, New Jersey, New Hampshire, Rhode Island, Vermont Mid Atlantic -- Delaware, Kentucky, Maryland, North Carolina, Pennsylvania, Virginia, Washington DC, West Virginia South East -- Alabama, Florida, Georgia, Louisiana, Mississippi, South Carolina, Tennessee Mississippi Valley -- Arkansas, Minnesota, Illinois, Indiana, Iowa, Michigan, Missouri, Ohio, Wisconsin Mountain -- Colorado, Kansas, Montana, Nebraska, New Mexico, North Dakota, Oklahoma, South Dakota, Texas, Utah, Wyoming Western -- Alaska, Arizona, California, Hawaii, Idaho, Nevada, Oregon, Washington Revenue: Proceeds generated by a company from sale of goods or services or from donations. Scope: This term pertains to a particular segmentation of a set of collected data. The scope factors asked for on the survey instrument and outlined for display in this report include: organizational characteristics (ownership type, revenue, industry), geographic location of workplace (e.g., region, state, metro area), level of education, and supervisory responsibility. Short-term Incentives (STI): An award in the form of cash or another item of value that is contingent upon the achievement of individual, group, or organizational results identified at the beginning of a performance cycle. The short-term performance cycle is normally one-year or less. Short-term incentives are usually, though not always, cash awards. Short-term incentives are sometimes called “bonuses.” Supervisory Responsibility: The level of supervisory responsibility the individual risk management professional has in their current role. Target Bonus: The short-term incentive amount or percent granted if a specified target is reached. Total Cash Compensation: The overall cash payments made to an individual for his/her services during a given year. Total Cash Compensation includes base pay plus short-term incentives. © 2013 Risk and Insurance Management Society, Inc. (RIMS) I - 16 Introduction and Executive Summary 2013 Risk Management Compensation Survey Participant List – U.S. Respondents Respondents from over 1,561 U.S. organizations participated in the 2013 Risk Management Compensation Survey. These U.S. organizations include: A Plus Benefits A&P A. Duie Pyle, Inc. AAA, Inc. AAFES AAR CORP. AARP ABB Inc. ABM Academy Sports + Outdoors Acadia Healthcare Company Acadia Realty Trust ACCO Brands ACCO Engineered Systems ACE Cash Express, Inc. Ace Hardware Corporation ACG Acme Brick Company Acuity Brands, Inc. Ada County Adecco ADM Admiral Beverage Company Adobe ADP ADS Waste Holdings, Inc. Advance Auto Parts Adventist Health AEG Facilities Aerotek © 2013 Risk and Insurance Management Society, Inc. (RIMS) AES Corporation Affinia Group Inc. Affinity Federal Credit Union Affinity Plus Federal Credit Union AFG Aflac Ag Processing Inc. A Cooperative Agilent Technologies AGL Resources Inc. Agrium Retail (Crop Production Services, Inc.) Ahold USA Ahtna Netiye', Inc. Aimco Air Methods Airgas, Inc. AkzoNobel Inc. Alaska Air Group, Inc. Alcoa, Inc. Aldridge Electric, Inc. Alere San Diego Alexis Risk Management Services, LLC Alfa Insurance Company ALL Erection & Crane Rental Allegheny Technologies Incorporated Allegis Group Allergan ALLETE, Inc. Alliant Credit Union Alliant Energy Corporation II - 1 Allianz of America Allied Systems Holdings, Inc. Allstate Alon USA Alpha Natural Resources Alsco Inc. Alstom Alticor Inc. Altria Group, Inc. Ameren Services Company American Capital Ltd American Cast Iron Pipe Company American Crystal Sugar Company American Eagle Outfitters American Electric Power American Express Company American Family Mutual Insurance Company American Licorice American Red Cross American Signature Inc. American Transmission Co Inc. American Water Amerijet Holdings, Inc. Ameriprise Financial, Inc. AmerisourceBergen Corporation Ameristar Casino Ameritas Life Insurance Corp. AMLI Residential AMN Healthcare U.S. Participant List 2013 Risk Management Compensation Survey Amsted Industries Inc. Amtrak Anderson Merchandisers Andritz (USA) Inc. ANN INC. Anson Industries Inc. AO Smith AON Apache Corporation APC Applied Industrial Technologies APS ARAMARK Arby's Restaurant Group, Inc. Archdiocese of Denver Archdiocese of Philadelphia Archer Daniels Midland Archstone Arena Energy AREVA ARG Resources, LLC Ariba Inc Arizona Chemical Holdings Corp. Arizona Public Service Arizona State University Arizona's G&T Cooperatives Arkansas Best Corporation ARMC ArrMaz Products, L.P. ASARCO LLC Ascension Health Alliance Ash Grove Cement Company Ashford Hospitality Trust, Inc. Ashley Furniture Industries, Inc. © 2013 Risk and Insurance Management Society, Inc. (RIMS) Aspen Dental Management Asplundh Tree Expert Co Associated Electric Cooperative, Inc. Associated Wholesale Grocers, Inc. AT ATC Transportation LLC Athens-Clarke County ATI Atmos Energy Corporation ATP Oil & Gas Corporation Auburn University Aultman Health Foundation Aurora Public Schools Austin Industries Automotive Rentals, Inc. Avanade Inc. Avery Dennison Corporation Avis Budget Group, Inc. AVX Corporation Babcock Power Inc. BAE Systems Ship Repair, Inc. Baker Concrete Construction, Inc. Baker Hughes Incorporated Bank of America Bank of Hawaii Bank of the West Banner Health Baptist Health South Florida Baptist Health System, Inc. Baptist Memorial Health Care Corporation Barnes & Noble, Inc. Barrick Gold of North America, Inc. Basic American Foods II - 2 BASIC ENERGY SERVICES LP Basin Electric Power Cooperative Bausch + Lomb Baxter International BayCare Health System, Inc. Baylor Health Care System BBSI BCBSLA Bealls Inc. Beaumont Health System Behringer Harvard Bell Laboratories Inc. Belz Investco GP Ben E Keith company Benderson Development Company, LLC Benton County PUD Berwind Corporation Best Buy Bethesda Associates BHP Billiton BIC Group Big 5 Corp. Big Lots, Inc. BI-LO Holding, LLC Bimbo Bakeries USA BI-STATE DEVELOPMENT AGENCY DBA METRO BJC HealthCare BJ's Restaurants, Inc. BJ's Wholesale Club, Inc. Black & Veatch Black Hills Corporation Blackrock Block Communications, Inc. U.S. Participant List 2013 Risk Management Compensation Survey Blood & Tissue Center of Central Texas Blue Cross Blue Shield Blue Cross Blue Shield of Arizona Blue Cross Blue Shield of Florida Blue Cross Blue Shield of Michigan Blue Cross Blue Shield of North Carolina Blue Cross Blue Shield of RI BMC Software Inc. BMHCC BMW Manufacturing Company, LLC BNP Paribas Boart Longyear Company Bob Evans Farms, Inc. Boehringer Ingelheim USA Corp Boise Inc. Bollinger Shipyards, Inc. Bonfils Blood Center Bonneville Power Administration Boston College Boston Globe Boston Scientific Corporation Boston University Boulder County Government BP Corporation North America Inc. Brand Energy & Infrastructure Services Brandywine Realty Trust Brazos Electric Cooperative Bridgestone Americas / Firestone Building Products Bristol Bay Native Corporation Broadridge Financial Solutions, Inc. Broward County Government Brown and Caldwell Brown Shoe Company, Inc. © 2013 Risk and Insurance Management Society, Inc. (RIMS) Brown-Forman Corporation BSC Buffalo Wild Wings Buffets, Inc. Building Materials Corporation of America Bunge Ltd. Burlington Coat Factory Burlington Electric Department Butterball, LLC CAP C.L. Thomas, Inc. C.W. Wright Construction Company, Inc. CA, Inc. Cabela's Cablevision System Corp Cabot Corporation California Self-Insurers' Security Fund Calpine Corporation Camden Property Trust Cameron International corp. Campbell Soup Company Canterbury Park Capital Group Capital Metropolitan Transportation Authority Capital One Financial Corp Capital Pumping CAPS Payroll Cardinal Health, Inc. CareFusion Corporation Cargill, Incorporated Carilion Clinic Carlson II - 3 Cash America International Caterpillar Catholic Mutual Group CBRE CBS Corporation CC Industries CCA CCA of TN, LLC CDI Corporation CEC Entertainment, inc. Celanese Corporation Center for Diagnostic Imaging Centerline Capital Group Centerplate CenterPoint Properties Trust Central Arkansas Risk Mgmt. Assn. Central Parking System Century Aluminum Company CenturyLink, Inc. CFI CH Energy Group CH2M HILL Companies Ltd CHA Charlotte County Charter Communications Chemetall US, Inc. Chevron Phillips Chemical Company Chicago Bridge & Iron Company Chicago Housing Authority Chicago Public Schools Chickasaw Nation Industries Children's Institute, Inc. Chilton Hospital Choice Hotels International, Inc. U.S. Participant List 2013 Risk Management Compensation Survey CHRISTUS Health CHS Inc. CIBC World Markets Corp. Cigna Corporation Cincinnati Children's Cintas Corporation Cisco Systems, Inc. Citizens Energy Group Citizens Property Insurance Corporation Citrix City and County of Denver City and County of San Francisco City of Arvada City of Atlanta City of Aurora Colorado City of Baltimore City of Boise ID City of Boynton Beach, FL City of Bryan, TX city of Carrollton City of Champaign City of Charlotte City of Charlotte, Mecklenburg County, Charlotte-Mecklenburg Schools City of Chula Vista City of Colorado Springs City of Coral Springs City of Delray Beach City of Fontana City of Hillsboro City of Huntsville City of Jacksonville City of Long Beach City of Los Angeles © 2013 Risk and Insurance Management Society, Inc. (RIMS) City of Memphis City of Mesquite City of Minneapolis City of Naples City of Norfolk, Virginia City of Ocala City of Philadelphia City of Richmond VA City of Saint Paul City of San Antonio City of Santa Monica City of Saratoga Springs, NY City of Seattle City of Seattle Risk Management Division City of Tamarac City of Tampa City of Waco City of Westminster City Utilities of Springfield, Missouri Clark County NV Dept of Aviation CLAY ELECTRIC COOPERATIVE INC Clean Water services Clemson University Cleveland Clinic Cleveland Group, Inc. Cliffs Natural Resources Inc. ClubCorp USA, Inc. CMS Energy / Consumers Energy CNA CNL Financial Group, Inc. Coachella Valley Water District Coca - Cola Bottling Company United , Inc. II - 4 Coca-Cola Bottling Co. Consolidated Coherent Coinstar, Inc. Cole Capital Collier County, Florida Board of Commissioners Collin County Government Colonial Williamsburg Foundation Colorado Springs Utilities Columbia University Comcast Corporation Comerica Bank Commerce Bancshares Inc. Commercial Metals Company Commonwealth of Virginia Communications Test Design Inc. Community College of Allegheny County Community Credit Union of Lynn Community Health Systems Community of Christ Company ABC Compass Group Compass Minerals Comporium CompuCom Systems, Inc. Computer Sciences Corporation Computershare Compuware Corp. Con Edison, Inc. ConAgra Foods ConAm Management Corp Concentra ConocoPhillips CONSOL Energy Inc. U.S. Participant List 2013 Risk Management Compensation Survey Consolidated Electrical Distributors, Inc. Consolidated Graphics, Inc. Construction Company Consumer Products Continental Automotive, Inc. Continental Energy Systems, LLC Contran Corporation Convergys Con-way Inc. Cook Inlet Region, Inc. COORSTEK, INC CoreLogic, Inc. Corizon Cornerstone Real Estate Advisers LLC Corning Incorporated Corp Risk Management Corporate Office Properties Trust COSCO Americas, Inc. Coty Inc. County Government County of Charleston, SC County of Kent, Michigan County of Los Angeles County of Marin County of Maui County of Orange Covanta Energy Corporation Covenant Retirement Communities Covenant Services Worldwide LLC Coventry Health Care, Inc. Covidien Cox Enterprises CPS Energy CR England © 2013 Risk and Insurance Management Society, Inc. (RIMS) Craftworks Restaurants & Breweries, Inc. Crane & Co., Inc. Crescent Hotels & Resorts, LLC CRM Cross Country Healthcare, Inc. CROSSMARK Inc Crowley Maritime Corporation Crown Holdings, Inc. Crozer-Keystone Health System CSC CSL Behring CSX TRANSPORTATION CubeSmart Cubic Corp. Cummins Inc. CUNA Mutual Group CVS Caremark Corporation CW Financial Services LLC CWS Apartment Homes LLC Cytec Industries Inc. D E Harvey Builders Daily Express, Inc. Dairy Farmers of America, Inc. Dairyland Power Cooperative Danos & Curole Marine Contractors, LLC Dartmouth College Dassault Falcon Jet Corp Daughters of Charity Health System Dave & Buster's Dayton Freight Lines, Inc. Dayton Power & Light Dayton Rogers Mfg. Co. DCT Industrial II - 5 DDR Corp. Dead River Company Dean Clinic Dean Foods Company Dean Health Systems, Inc. DecisionHR/Bankers Financial Corp Deere & Company Del Monte Corporation Delaware Transit Corporation Dell Inc. Deloitte LLP Delphi Automotive Delta Air Lines Denton County Denver Health and Hospital Authority Denver Water Department of Aviation DePaul University Devon Energy Corporation DFA DHL DHL/Exel Supply Chain Diamond Resorts International Diebold, Inc. Digital Realty Trust DineEquity DIRECTV Discover Financial Services Discovery Communications Disney District School Board of Pasco County Dole Food Company, Inc. Dollar General Corporation Doosan Inracore International U.S. Participant List 2013 Risk Management Compensation Survey Douglas County School District Dover Corporation Dow Corning DPSG Dr. Pepper Snapple Group Draper and Kramer Inc. DRS Technologies DST Systems, Inc. DTCC DTNA Duke University Duke University Health System Dunbar Armored, Inc. Durham County E. D. Bullard Company East Carolina University eBay, Inc. ECMCC Ecolab Inc. El Paso Electric Electric Boat Corporation Eli Lilly & Company Elizabeth Arden Spas, Inc. Elkay Manufacturing EMC Corporation Emerald Queen Casino Emergency Medical Services Corporation Employee Solutions Energy Future Holdings Corp. Ensign-Bickford Industries, Inc. Entergy Corporation EOG Resources, Inc. EQT Corporation © 2013 Risk and Insurance Management Society, Inc. (RIMS) Equinix, Inc. Equity Residential Ergon, Inc. Ericsson Inc. ERM Ernst & Young ESCO Corporation ESL Federal Credit Union Estee Lauder ETS Everett Smith Group, Ltd. Evonik Corporation Exide Technologies Exopack EXPRESS Express Energy Services Operating, L.P. Extensis Group LLC Exterran Extra Space Storage Fairbanks North Star Borough FairPoint Communications Fairview Health Services Family Dollar Faurecia USA Holdings, Inc. FCCServices, Inc. FCSRMC Federated Investors, Inc. FedEx FedEx Custom Critical, Inc. FedEx Office and Print Services, Inc. Ferguson Enterprises Ferro Corporation Fidelity Natonal Financial FINRA II - 6 Fired Up Restaurant Concepts First Data Corporation First Horizon National Corporation First Industrial Realty Trust, Inc. First National Bank Alaska First Niagara Financial Group, Inc. FirstEnergy Corp. Fisher Brothers Flad Affiliated Corp Flexcon Company, Inc. Flextronics Flint Group Flint Hills Resources Florida Blue Florida College System Risk Management Consortium Florida Conference UMC Florida East Coast Railway Flowers Foods Fluidmaster Inc. Fluor Corporation FMC Technologies FOJP Service Corporation Forest River, Inc. Fort Bend County Fortune Brands Home & Security, Inc. Fox Entertainment Group Freeport LNG Fresh & Easy Neighborhood Market Inc. Frito-Lay G&D Integrated G&K Services, Inc. G6 Hospitality, LLC Gamestop U.S. Participant List 2013 Risk Management Compensation Survey Gardner Denver, Inc. GATX Corporation Gavilon Group LLC Gaylor, Inc. GD GEICO Insurance General Cable Georgia Department of Administrative Services Georgia Ports Authority Georgia Power Company GeorgiaEMC Workers' Comp Fund GID Investment Advisers LLC Girl Scouts of the USA GlobalFoundries GM GMR Marketing LLC GNE Godiva Chocolatier, Inc. Gold Coast Beverage Distributors, Inc. Golden Corral Corporation Golden State Foods Goodwin Company Google Gordon Food Service GrafTech International Holdings Inc. Graphic Packaging International Graybar Electric Company, Inc. Great River Energy Green Bay Packaging Inc. Griffith Laboratories, Inc. Grifols, Inc. Grocers Supply Co. GROWMARK, Inc. © 2013 Risk and Insurance Management Society, Inc. (RIMS) GS GTECH Corporation Guardian Industries Corp. Guess? Inc. GuideStone Financial Resources Guilford C/C IAC Gulf Coast Regional Blood Center GulfMark Offshore Inc. Gwinnett County Board of Commissioners Gypsum Management and Supply, Inc. H J Heinz H O Penn Machinery H&E Equipment Services, Inc. H&S Halliburton Hanesbrands Hankey Group Harris Corporation Harris Teeter HARRP Hartz Mountain Industries Harvard Maintenance Inc. Harvard University Harvest Facility Holdings, LP Hawaii Pacific Health Hawaiian Dredging Construction Company Hawaiian Electric Company Haworth, Inc. HCA HCC Insurance Holdings, Inc. HCP, Inc. HCSC II - 7 HD Supply, Inc. HDI-Gerling America Insurance Company Health Care REIT, Inc. Health Net, Inc. Heartland Food LLC H-E-B HEC Heidelberg USA, Inc. Heitman Helena Chemical Company Helpmates Staffing Services Hendrick Automotive Group Henkel Corporation Henry Schein, Inc. Hewlett-Packard HFC HIA Highmark Inc. Highwoods Properties Hilcorp Energy Company Hill-Rom Holdings, Inc. Hillshire Brands Company Hines Hines Interest Limited Partnership Historic Tours of America, Inc. HNI Corporation HNTB Companies Hobby Lobby Stores, Inc. Holcim (US) Inc. Holiday Retirement Holman Automotive Group, Inc. Holy Redeemer Health System Holy Spirit Health System Home Depot U.S. Participant List 2013 Risk Management Compensation Survey Home Properties Honda North America, Inc. Honeywell International Inc. Hormel Foods Corporation Hospira, Inc. Hot Topic Housing Authorities Risk Retention Pool Houston ISD HSBC North America HSN Hubbell Incorporated Huhtamaki Hunt Oil Company Hunter Roberts Construction Group, LLC Huntsman Corporation Hyatt Hotels Corporation HYDRITE CHEMICAL CO. IAC IAP Worldwide Services, Inc Icahn Associates Icahn Sourcing LLC ICMA-RC Idacorp/Idaho Power IDI, Inc. IEEE IGT IHG Ikaria, Inc. IKEA USA Ilitch Holdings, Inc. Illinois Tool Works Inc. IMS Health Independent Health ING U.S. © 2013 Risk and Insurance Management Society, Inc. (RIMS) Ingram Micro Inc. Ingredion Incorporated Inland Risk & Insurance Management Services, Inc. Insite Managed Solutions Intel Corporation Interim Healthcare, Inc. Intermec, Inc. International Paper Company International Rectifier Corp International Sos International-Matex Tank Terminals International Speedway Corp. Interstate Distributor Co. Interstate Hotels and Resorts Intrawest Iron Mountain ISMIE Mutual Insurance Company iStar Financial Inc. Ithaca College ITW IWIF J.M. Huber Corporation Jabil Circuit Jackson County James G. Davis Construction Corporation JBS JCPenney Jefferson Health System Jefferson Parish Government JELD-WEN Jennie-O Turkey Store JMC Steel Group Jo-Ann Stores, Inc. II - 8 Johns Hopkins Health System Johns Manville Johnson Controls, Inc. Johnson Financial Group Jones Lang LaSalle Joy Global Inc. JPMorgan Chase Juniper Networks, Inc. Kaiser Foundation Health Polan Kaiser Permanente Kaman Corp Kansas City Power & Light Kansas City Southern Kansas Gas Service KAR KCI KCP&L Kemira Kenai Peninsula Borough Kennesaw State University Kent Corporation Kentucky Association of Counties Kentucky League of Cities Keolis America KeyCorp Keystone Foods LLC Kimberly-Clark Corporation Kinder Morgan, Inc. King County Housing Authority Kohl's Department Stores KONE Inc. Koniag, Inc. Kosmos Energy Kraft Foods Group, Inc. U.S. Participant List 2013 Risk Management Compensation Survey Krones, Inc. Krueger International, Inc. KSH Kyocera International L-3 Communications Corporation LA84 Foundation Labor Finders International, Inc. LACMTA Lambert-St. Louis International Airport LANDSTAR SYSTEM, INC Lane Industries Incorporated Laramar Group Laureate Education, Inc. LBA Realty LLC LDRY LDS Risk Management Division Lee County Electric Co-Op, Inc Leggett & Platt Incorporated LEGO Systems, Inc. LEGOLAND California Resort LEGOLAND Florida/Merlin Entertainments Group Lehi city corp. Lehman Brothers Holdings Inc. Lennar Corporation Lennox International Inc. Leprino Foods Co Leupold & Stevens, Inc. Level3 Communications Leviton Manufacturing Co., Inc. Lexmark International, Inc. Liberty Diversified International Life Technologies Life Time Fitness © 2013 Risk and Insurance Management Society, Inc. (RIMS) Lifespan Risk Services Lifetouch LifeWay Christian Resources Lincoln Electric Holdings Inc. Lincoln National Corporation Lipscomb University LKQ Corporation LNR Property LLC Lockheed Martin Logan's Roadhouse Loma Linda University Health System Loomis Armored US, LLC L'Oreal USA Lorillard Tobacco Company Los Angeles County Fire Department Lowe Enterprises, Inc. Lowe's Companies, Inc. Loyola University LRRI LSI Corporation LTD America Total Care, Inc. Luxottica LyondellBasell Industries, N.V. M&T Bank M/I Homes Inc. Macerich MacLean-Fogg Company Macy's Madison Gas and Electric Company Maersk Inc. Mafco Magee Rehabilitation Hospital Magellan Midstream Partners, L.P. Maher Terminals LLC II - 9 Management & Training Corporation Mandalay Bay Resort & Casino ManTech International Corporation Marathon Oil Corporation Marion County Board of County Commissioners Marriot Vacation Clubs Worldwide Marriott International, Inc. Marriott Vacations Worldwide Corporation Marsh & McLennan Companies, Inc. Martin Marietta Materials Marubeni America Corp Mary Kay Inc. Maryland Medicine Comprehensive Insurance Program Marymount University MasterCard Mather LifeWays Matrix Service Company Matson, Inc. Mattress Firm MAXIMUS, Inc. Maxion Wheels McCarthy McCormack Baron McCoy's Building Supply McDermott International McGuireWoods LLP MCIT McKee McKee Foods Corporation McKesson Corporation MDU Resources Group, Inc. MeadWestvaco Corporation U.S. Participant List 2013 Risk Management Compensation Survey MediaNews Group Medical College of Wisconsin MEDNAX Meijer Melton Truck Lines Memorial Health System Memorial Hermann Health System Memphis Light, Gas & Water Division Merchants Insurance Group Merck & Co., Inc. Mercy Merrick & Company Messinger Mortuary & Chapel, Inc. Metaldyne, LLC Metro Metro National Corporation MetroPCS Metropolitan Stevedore Company Metropolitan Transit Authority of Harris County Metropolitan Washington Airports Authority Metropolitan Water Reclamation District of Greater Chicago MFS Miami Dade College Miami-Dade County Public Schools Michelin North America Michels Corporation Michigan Catholic Conference Micron Technology, Inc. Microsoft Corporation Milagro Exporation Millennium: The Takeda Oncology Company © 2013 Risk and Insurance Management Society, Inc. (RIMS) Miller Pipeline Milwaukee County Wisconsin MiraCosta Community College District MISO MITRE Corporation MMCIP MNAI Mohave County Molson Coors Brewing Company Momentive Specialty Chemicals Mondelez International Monroe County BOCC Montana State University Montgomery County Maryland Montgomery County Public Schools Moog Inc. Moose International, Inc. Morgan Morgan Stanley Morgans Hotel Group Morton Salt, Inc. Motorola Solutions, Inc. MRA MRIGlobal MTC MultiCare Health System Multnomah County Multnomah County Oregon Municipal Government Murphy-Hoffman Company Nabors Drilling Nabors Industries NACCO Materials Handling Group, Inc. NAES Corporation II - 10 NANA Development Corp Nash Finch Company National Cement Company Inc. National Financial Partners Corp. National Life Group National Multiple Sclerosis Society National Water Utility Nationwide Insurance Company Navistar, Inc. NAVY EXCHANGE SERVICE COMMAND Navy Pier, Inc. NCI Building Systems Inc. NE Ohio Regional Sewer District Nebraska Public Power District NEC Corporation of America Nestle NetApp Inc. NetJets Inc. New Mexico association of counties New York City Housing Authority New York Life Insurance Company New York Power Authority New York University Newegg Inc. Newell Rubbermaid Inc. NewPage Corporation NextEra Energy, Inc. Niagara Frontier Transportation Authority Nichols Companies NII Holdings, Inc. Nike, Inc. Nissan North America, Inc. Noble Drilling Services Inc. U.S. Participant List 2013 Risk Management Compensation Survey Noble Energy, Inc. Noodles & Company Nordson Corporation North American Family Institute Northern Tier Energy LLC Northern Trust Services, Inc. Northrop Grumman Corporation Northwest Evaluation Association NorthWestern Energy NOVA Chemicals Corporation Nova Southeastern University, Inc. Novartis Corporation Novelis Inc. NRECA NRG Energy Inc. Nueterra NuStar Energy NV Energy, Inc. NYC Housing Authority NYK Group America's Inc. NYU Occidental Petroleum Corporation Ocean Spray Cranberries, Inc. Office Depot OfficeMax Incorporated Oglethorpe Power Corporation OHSU OIA Global Ojai Valley Inn & Spa 905 Country Club Road Old Dominion Electric Cooperative Omaha Steaks Omni Hotels OmniTRAX, Inx. © 2013 Risk and Insurance Management Society, Inc. (RIMS) OMNOVA Solutions Inc. ONEOK, INC. OPPD Oracle Orange County Government Orange County Sanitation District Orange County Transportation Authority Orbital Sciences Corporation Orbitz World Wide Orchard Supply Hardware Oregon Child Development Coalition, Inc. Oregon Health & Science University O'Reilly Auto Parts Osage Casinos OSC Oshkosh Corporation OSI Group, LLC OTB Acquisition LLC Otter Tail Corporation Owens & Minor Inc. Owens Corning Oxbow Corporation P.H. Glatfelter PA American Water PACCAR Inc. Pace Suburban Bus Pacific Coast Companies Inc. Pacific Dental Services Pacific Gas and Electric Palm Beach County Board of County Commissioners Palo Alto Medical Foundation Pamida Stores Operating Co., II - 11 Panalpina, Inc. Panasonic Corporation of North America PANYNJ Paramount Staffing Parker Drilling Payless ShoeSource, Inc. pcusa Peabody Energy PeaceHealth Pearson plc Pennsylvania Real Estate Investment Trust Penske Automotive Group, Inc. Penske Truck Leasing Pepco Holdings, Inc. People’s United Bank PepsiCo, Inc. Perdue Farms Inc. Perryman Company Petco Animal Supplies, Inc. PetroQuest Energy PetSmart Inc. Pfizer Inc. PGA TOUR, Inc. PHH Corporation Philadelphia Gas Works Phillips 66 Physicians Liability Insurance Company Piedmont Natural Gas Pier 1 Imports, Inc. Pierce County Pinellas Suncoast Transit Authority Pinnacle Entertainment Pinnacle West Capital Corporation U.S. Participant List 2013 Risk Management Compensation Survey Pioneer Natural Resources Pitney Bowes Inc. PLICO Plum Creek Timber Company, Inc. PNC Financial Services Group, Inc. PNM Resources, Inc. Port of Portland Port of Seattle Portillo's Hot Dogs, Inc. Power Construction Co, LLC PPG PPL Corporation Praxair Inc. Precision Castparts Corp. Premera Blue Cross PrideStaff Inc. Princeton University Principal Real Estate Investors ProBuild Holdings Progressive Waste Solutions Prologis, Inc. Providence Alaska Medical Center Providence Service Corporation Prudential PSC LLC PSS World Medical Public Utilities Risk Management Association Public Utility District No. 1 of Snohomish County Puget Sound Energy Holdings Pule Group, Inc. Pulic Utility District #2 of Grant County, WA Purdue University © 2013 Risk and Insurance Management Society, Inc. (RIMS) Putnam Investments, LLC PVH Corp. QBE Holdings, Inc. QBE Insurance Group-North America QHS Quad/Graphics, Inc. Qualcomm Incorporated Quanta Services, Inc. Quantum Corporation Queen's Health Systems Quintiles Transnational Holdings Inc. R&B Realty Group R. L. Polk & Co. R.D. Offutt Company Radian Group Ralph Lauren Corporation Randstad Range Resources Corporation RBS-Citizens Financial Group, Inc. RCID Realogy Holdings Corp Recall Red Bull North America, Inc. Red Hat, Inc. Red Robin International, Inc. Red Spot Paint & Varnish Co., Inc. Red Wing Shoe Company Reed Elsevier Regency Centers Corporation Regis Corporation Renewable Energy Systems Inc. (RES) Renown Health Rentokil Initial USA, LLC Renzenberger II - 12 Republic Financial Rexnord Corporation Reyes Holdings Rice University Ricoh Americas Corporation Ricoh Production Print Solutions Rio Tinto Risk Management & Insurance Rite-Aide Rjl Rockefeller Group International, Inc. RockTenn Company Rockwell Automation, Inc. Rockwell Collins, Inc. Rockwood Specialties Roll Global Rollins Inc. Risk Management Roquette America, Inc. Ross Stores, Inc. Rotary International Roth Staffing Companies Roto-Rooter Services Company Roux Associates, Inc. Royal Caribbean Cruises Ltd RREEF RTD Ruan Transportation Management Systems, Inc. Rutgers, The State university Ryder System, Inc. S. C. State Ports Authority Safety Insurance Company Safeway Group Holding, LLC Sage Software U.S. Participant List 2013 Risk Management Compensation Survey Saia Motor Freight Line, LLC Saia, Inc. Saint Gobain Corporation Salt Lake County Salt River Project Saltchuk Resources, Inc. San Diego County Regional Airport Authority San Diego County Schools JPA San Diego Padres San Diego Regional County Airport Authority San Francisco International Airport San Francisco Public Utilities Commission San Francisco Unified School District SanDisk Sandvik, Inc. Santa Clara Valley Transportation Authority Santa Clara Valley Water District Santee Cooper Power SAP America, Inc. SAS Institute Inc. Saulsbury Industries, Inc. Savage Companies Savage Services Corporation SCANA Schneider Electric Schnitzer Steel Industries, Inc. Scholastic Inc. School Boards Insurance Company of Pennsylvania, Inc. School District of Palm Beach County © 2013 Risk and Insurance Management Society, Inc. (RIMS) Schweitzer Engineering Laboratories, Inc. Scripps Health Scripps Networks Interactive, Inc. SCU Securian Financial Group Sedgwick Seeno Companies SEIKO Corporation of America SEMCO Energy, Inc. Sentara Healthcare Sentry Insurance Servicemaster Shamrock Foods Company Shriners Hospitals for Children Siemens Corporation Siemens Enterprise Communications Siemens Industry Inc. Water Technologies Business Unit Sierra Nevada Corporation Sigma-Aldrich SII Silverstein Properties, Inc. Simon Property Group Sinclair Oil Corporation Skilled Healthcare, LLC Smart & Final Smith & Nephew Smithsonian Institution SMS Holdings Corporation SMU SMUD Snap-on Incorporated Snohomish County II - 13 Snyder's-Lance, Inc. Sodexo Remote Sites Solid Waste Authority of Palm Beach County Solix, Inc. Solvay Sonoco Products Corporation Sony Corporation of America Sony Pictures Entertainment SOS Staffing Services, Inc. South Coast AQMD South Jersey Industries, Inc. Southcoast Health Sytsem Southern Company Services Southern Methodist University Southern Ute Indian Tribe Growth Fund Southwest Florida Water Management District Southwest Gas Southwest Research Institute Spectrum Health Sprint Nextel Sprint Nextel Corp St Louis Convention & Visitors Commission Standard Motor Products Standard Parking Corporation StandardAero Stanford University Stanley Black & Decker, Inc. Starbucks Coffee Company Starwood Hotels & Resorts Worldwide Inc. State Compensation Insurance Fund State of Connecticut U.S. Participant List 2013 Risk Management Compensation Survey State of Florida - Dept. of Management Services State of Louisiana Office of Risk Management State of Nevada State of Oregon State of Utah Risk Management State of Washington Department of Enterprise Services State of Wisconsin-Dept of Administration State Office of Risk Management, Texas Station Casinos Statutory Liquidations Steelcase Inc. STERIS Corporation Sterling Bank Sterling Jewelers Inc. Stewart & Stevenson LLC Stewart Enterprises Inc. Stonebridge Companies STP Nuclear Operating Company Structural Integrity Associates, Inc. Stryker Subaru of America, Inc. Suburban Propane, L.P. Suffolk Transportation Services, Inc. Sunoco Inc. Sunstate Equipment Co. Sunsweet Growers Inc. SunTrust Banks Inc. Supermedia SUPERVALU Sutter Health Swift Energy Operating, LLC © 2013 Risk and Insurance Management Society, Inc. (RIMS) Syar Industries Inc. Syngenta Corporation Synovus Financial Corp Sysco Corporation Systemax TAM International, Inc. TANKNOLOGY INC. Targa Resources Corp. Taubman Company Taxi Services, Inc. Taylor Morrison, Inc. TBC TCF Financial Corporation TDECU TE Connectivity Ltd Teacher Retirement System of Texas Tech Data Corporation Technicolor USA, Inc. Telecommunications - Risk Manager Tennant Company Tennessee Farmers Cooperative Teradata Corporation Terex Corporation Terra Renewal Terumo BCT, Inc. Tesoro Corporation Texas Association of Counties Texas Guaranteed Student Loan Corporation Texas Industries, Inc. Texas Instruments Textron Inc. The Aerospace Corporation The ALS Group II - 14 The Art Institute of Chicago The Auto Club Group The Black Car Fund The Bon-Ton Stores, Inc. The Boston Consortium for Higher Education The Brady Companies The California State University - Office of the Chancellor The Capital Group Companies, Inc. The Cheesecake Factory Incorporated The Children's Place The Coca-Cola Company The Duchossois Group, Inc. The E.W. Scripps Company The Estee Lauder Companies Inc. The GEO Group, Inc. The Hartford Financial Services Group, Inc. The Haskell Company The Hearst Corporation The HEICO Companies, LLC The Hershey Company The Home Depot The Housing Authority of the City of Charlotte The Inland Group, Inc. The J. Paul Getty Trust The Johns Hopkins University The Krystal Company The Long & Foster Companies, Inc. The Madison Square Garden Company The Manitowoc Company, Inc. The Marmon Group LLC The Mitchell Family Corporation U.S. Participant List 2013 Risk Management Compensation Survey The Mosaic Company The Nielsen Company The Ohio State University The Pictsweet Company The PNC Financial Services Group, Inc. The Port Authority The Ryland Group, Inc. The San Diego Union-Tribune, LLC The Schwan Food Company The Scotts Miracle-Gro Company The Shaw Group Inc. The Tatitlek Corporation The TJX Companies, Inc. The Toro Company The Travelers Companies, Inc. The University of Iowa The Valspar Corporation The Washington Post Company The Wendy's Company The World Bank Thomas Jefferson University Thomson Reuters Thor industries, Inc. TIAA-CREF tiffany & co Timberland Bank Time Warner Inc. Tishman Construction Corporation Toll Brothers Inc. TOTAL American Services TOTAL American Services, Inc. Total Risk Management Total Transit Totem Ocean Trailer Express, Inc. © 2013 Risk and Insurance Management Society, Inc. (RIMS) Town of West Hartford Toyota Motor Sales, USA, Inc. Tractor Supply Company Transamerica Corporation TransForce, Inc. Transocean Transportation Corridor Agencies TransUnion Treasury Tree Top, Inc. Tri Marine International, Inc. Tribune TriNet HR Corp Trinity Industries, Inc. Trippe Manufacturing Company Tri-State Generation and transmission Assn., Inc. Tropical Shipping TrueBlue, Inc. Trustees of the Estate of Bernice Pauahi Bishop dba Kamehameha Schools TRW Automotive Inc. TS Tucson Electric Power Company Turner Construction Company TVA tw telecom Inc. Tyson Foods, Inc. U.S. Bank UDR, Inc. UIL Holdings Corporation UMass Memorial Health Care, Inc. UMDNJ Unified Grocers Inc. II - 15 UniGroup United Airlines United Services Association United Space Alliance, LLC United States Olympic Committee United Technologies Unitil Corporation Univar Inc. Universal Leaf Tobacco Company, Inc. University Hospitals Health System, Inc. University of Alabama Health Services Foundation University of Arizona University of California University of California Merced University of Colorado University of Denver University of Illinois University of Iowa University of MD Faculty Physicians and Medical System University of Minnesota University of Missouri University of North Texas University of Oregon University of San Diego University of Texas Health Science Center University of the Pacific University of Virginia University of Washington Univision Communications Inc. UNS Energy Corp Unum Group UPMC U.S. Participant List 2013 Risk Management Compensation Survey UPS US Army FMWR US Foods, Inc. USAA UTi Worldwide Inc. Vail Resorts, Inc. Valeant Valero Energy Corporation valley schools Insurance Vanderbilt University & Medical Center Varian Medical Systems, Inc. Vector Security Vectren Corporation Ventas, Inc. Ventura Foods Veolia Environmental Services Veolia Transportation, Inc. Veolia Water North America Verizon Communications Inc. Vertex Pharmaceuticals Incorporated Vestas American Wind Technology, Inc. VF Corporation Viacom Inc. Viad Corp Village Green Holding, LLC Village of Skokie Vivint, Inc. Voestalpine Nortrak Inc. Voith Hydro, Inc. Volkswagen Group of America Volt Information Sciences, Inc. Volvo Group North America Vopak North America vRide © 2013 Risk and Insurance Management Society, Inc. (RIMS) Vulcan Materials Company W.C. Bradley Co. W.W. Grainger, Inc. Wagner Equipment Co. Wake Forest University Baptist Medical Center Wakefern Food Corp Walgreen Co. Wal-Mart Walt Disney Company Warnaco Inc. Washington Gas Light Company Washington Metropolitan Area Transit Authority Washington State Transit Insurance Pool WATT COMPANIES Watts Water Technologies, Inc. Wausau Paper Corp. Wawa Inc. We Energies Weatherford International Webber, LLC Wegmans Food Markets, Inc. Weight Watchers International, Inc. Weingarten Realty Investors WellCare Health Plans Wells Enterprises Wells Fargo & Company Wells Real Estate Funds Wells Real Estate Investment Trust II, Inc. WESCO Distribution, Inc. West Liberty Foods, LLC Westar Energy Western & Southern Financial Group II - 16 Western Digital Corporation Westfield Group Weyerhaeuser Wheaton Franciscan Services, Inc. Whirlpool Corporation White Castle System, Inc. Whole Foods Market Wildlife Conservation Society Windstream Communications, Inc. Winn-Dixie Stores, Inc. Wisconsin Energy Corporation WMATA Wolverine World Wide, Inc. Work Comp Strategic Solutions World Fuel Services Corp World Kitchen LLC Wright Medical Technology WW Grainger Inc. Wyndham Worldwide Xylem Inc. Yale New Haven Health System Yale University YKK CORPORATION OF AMERICA YRC Worldwide Inc. Zachry Construction Corp Zachry Holdings, Inc. Zep Inc. Zilber Ltd. Zurich Zurich Insurance U.S. Participant List 2013 Risk Management Compensation Survey U.S. Participant Demographics The 2013 Risk Management Compensation Survey contains compensation data for 11 jobs from 1,971 individual respondents from 1,561 U.S. organizations. The charts on the following pages display the distribution of U.S. participants by organization size, industry, ownership type, and geographic region. A chart on the function to which the top risk management executive reports to is also presented. © 2013 Risk and Insurance Management Society, Inc. (RIMS) III - 1 U.S. Participant Demographics 2013 Risk Management Compensation Survey The 2013 Risk Management Compensation Survey contains compensation data for 11 jobs from 1,971 individual respondents from 1,561 U.S. organizations. The charts on the following pages display the distribution of U.S. participants by organization size, industry, ownership type, and geographic region. A chart on the function to which the top risk management executive reports to is also presented. U.S. Participant Demographics Ownership Type Ownership Type # of Resp. Percent of Respondents Publicly Traded 907 46.0% 50.0% Percent of Respondents 46.0% 45.0% 40.0% Private 578 29.3% Government 237 12.0% Not-for-Profit 202 10.2% 35.0% 29.3% 30.0% 25.0% 20.0% 15.0% 12.0% 10.2% 10.0% 2.4% 5.0% Other/Not Specified 47 2.4% 0.0% Publicly Traded Private Government Not-for-Profit Other/Not Specified Revenue Revenue Less than $100 Million # of Resp. Percent of Respondents 143 7.3% Percent of Respondents 35.0% 29.0% 30.0% $100 - $250 Million 119 6.0% $250 - $500 Million 157 8.0% $500 Million - $1 Billion 233 11.8% $1 - $5 Billion 571 29.0% 25.0% 20.0% 17.3% 15.0% 11.8% $5 - $10 Billion 219 11.1% Greater than $10 Billion 340 17.3% Other/Not Specified 189 9.6% © 2013 Risk and Insurance Management Society, Inc. (RIMS) 10.0% 7.3% 6.0% 11.1% 9.6% 8.0% 5.0% 0.0% Less than $100 Million $100 - $250 Million III - 2 $250 - $500 Million $500 Million - $1 Billion $1 - $5 Billion $5 - $10 Billion Greater than $10 Billion Other/Not Specified U.S. Participant Demographics 2013 Risk Management Compensation Survey U.S. Participant Demographics Organization Type Organization Type # of Resp. Percent of Respondents 90.0% Parent 1537 78.0% 80.0% Percent of Respondents 78.0% 70.0% Subsidiary 108 5.5% 60.0% 50.0% Division 117 5.9% Single Location 101 5.1% 40.0% 30.0% 20.0% 5.5% 5.9% 5.1% Subsidiary Division Single Location 10.0% Other 108 5.5% 5.5% 0.0% Parent Other Region Regions (defined in Section I - 11) # of Resp. Percent of Respondents Percent of Respondents 25.0% North East 286 14.5% Mid Atlantic 245 12.4% South East 280 14.2% Mississippi Valley 435 22.1% Mountain 361 18.3% Western 364 18.5% 22.1% 20.0% 15.0% 14.5% 18.3% 18.5% Mountain Western 14.2% 12.4% 10.0% 5.0% 0.0% © 2013 Risk and Insurance Management Society, Inc. (RIMS) North East III - 3 Mid Atlantic South East Mississippi Valley U.S. Participant Demographics 2013 Risk Management Compensation Survey U.S. Participant Demographics Industry # of Resp. Percent of Respondents Agriculture 20 1.0% Business/Info Services/Consulting/Legal/Accounting 25 1.3% Business/Info Services/Consulting/Legal/Accounting Chemical/Pharmaceutical/Biotechnology Industry Percent of Respondents 0.0% Agriculture Chemical/Pharmaceutical/Biotechnology 77 3.9% Computer Software/Services 25 1.3% Computer Software/Services Construction/Engineering/Architectural 70 3.6% Construction/Engineering/Architectural Education 84 4.3% Education 5.1% Energy Energy 100 Entertainment & Media 35 1.8% Entertainment & Media Finance/Banking 91 4.6% Finance/Banking Government 143 7.3% Government Healthcare 117 5.9% Healthcare Hospitality Hospitality 62 3.1% Insurance 94 4.8% 1.0% 2.0% 3.0% 173 8.8% Mfg - Nondurable (includes Food, Paper & Allied Products) 108 5.5% Mining/Milling/Smelting Mining/Milling/Smelting 23 1.2% Not-for-Profit Not-for-Profit 28 1.4% Real Estate Real Estate 89 4.5% Research & Development Research & Development 5 0.3% Retail Retail 127 6.4% Service Service 48 2.4% Telecommunications Telecommunications 35 1.8% Transportation Transportation 102 5.2% Utilities 117 5.9% Wholesale Distribution 44 2.2% Other 129 6.5% 5.0% 7.0% III - 4 10.0% 1.3% 3.6% 4.3% 5.1% 1.8% 4.6% 7.3% 5.9% 3.1% 4.8% 8.8% 5.5% 1.2% 1.4% 4.5% 0.3% 6.4% 2.4% 1.8% 5.2% Utilities Other 9.0% 3.9% Mfg - Durable (includes Aerospace, Computer/Office… Wholesale Distribution 8.0% 1.3% Mfg - Nondurable (includes Food, Paper & Allied Products) © 2013 Risk and Insurance Management Society, Inc. (RIMS) 6.0% 1.0% Insurance Mfg - Durable (includes Aerospace, Computer/Office Equipment, Electronics) 4.0% 5.9% 2.2% 6.5% U.S. Participant Demographics 2013 Risk Management Compensation Survey U.S. Participant Demographics Who the Top Risk Management Executive reports to: Percent of Respondents # of Resp. Percent of Respondents Do not have a Top Risk Management Executive 25 1.3% Do not have a Top Risk Management Executive Treasury 408 20.7% Treasury Legal/Compliance Officer/SolicitorGeneral/Attorney General 293 14.9% Legal/Compliance Officer/Solicitor-General/Attorney General CEO/VP/Board of Directors/President 242 12.3% CEO/VP/Board of Directors/President Other 101 5.1% Other 5.1% Human Resources/Personnel/Employee Benefits 85 4.3% Human Resources/Personnel/Employee Benefits 4.3% COO 46 2.3% COO Administration/Management Board/Government Services 50 2.5% Administration/Management Board/Government Services Mayor/Governor/Premier 4 0.2% Did Not Indicate 7 0.4% 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 1.3% 20.7% 14.9% 12.3% 2.3% 2.5% Mayor/Governor/Premier 0.2% Did Not Indicate 0.4% Size of Department n The average reported number of employees in the risk management department is 8.14 while the median is 4.00. © 2013 Risk and Insurance Management Society, Inc. (RIMS) III - 5 U.S. Participant Demographics 2013 Risk Management Compensation Survey U.S. Participant Demographics Respondent Age # of Resp. Percent of Respondents 35.0% Less than 30 43 2.2% 30.0% 30 - 39 229 11.6% 25.0% 40 - 49 503 25.5% 50 - 59 589 29.9% 10.0% 60 or Higher 229 11.6% 5.0% Age Percent of Respondents 29.9% 25.5% 19.2% 20.0% 15.0% No Response 378 19.2% 11.6% 11.6% 2.2% 0.0% Less than 30 30 - 39 40 - 49 50 - 59 60 or Higher No Response n The average respondent age reported is 49.07 while the median is 50.00. Years in Current Position Years in Current Position # of Resp. Percent of Respondents Percent of Respondents 20.0% Less than 1 year 33 1.7% 18.0% 1 to 2 years 366 18.6% 16.0% 3 to 4 years 286 14.5% 18.6% 16.3% 14.5% 14.0% 13.0% 12.0% 5 to 6 years 322 16.3% 7 to 8 years 223 11.3% 9 to 10 years 186 9.4% 11 to 15 years 256 13.0% More than 15 years 231 11.7% No Response 68 3.5% 11.7% 11.3% 9.4% 10.0% 8.0% 6.0% 3.5% 4.0% 2.0% 1.7% 0.0% Less than 1 year 1 to 2 years 3 to 4 years 5 to 6 years 7 to 8 years 9 to 10 years 11 to 15 years More than 15 years No Response n The average years respondents reported being at their current position is 7.86 while the median is 6.00. © 2013 Risk and Insurance Management Society, Inc. (RIMS) III - 6 U.S. Participant Demographics 2013 Risk Management Compensation Survey U.S. Participant Demographics Gender Gender Male # of Resp. 1,070 Percent of Respondents 54.3% 60.0% Percent of Respondents 54.3% 50.0% 43.6% 40.0% 30.0% Female 860 43.6% 20.0% 10.0% No Response 41 2.1% 2.1% 0.0% Male © 2013 Risk and Insurance Management Society, Inc. (RIMS) III - 7 Female No Response U.S. Participant Demographics 2013 Risk Management Compensation Survey This Page Intentionally Blank © 2013 Risk and Insurance Management Society, Inc. (RIMS) III - 8 U.S. Participant Demographics 2013 Risk Management Compensation Survey All Positions - United States Cash Compensation (All dollar amounts are displayed in USD $000s) Base Salary Job Title # of Resp. Bonus Amount 50th pct Average 25th pct (median) 75th pct # of Resp. Target Bonus 50th pct Average 25th pct (median) 75th pct # of Resp. Average Total Cash Compensation 50th pct (median) # of Resp. Yrs. In Risk Mgmt 50th pct Average 25th pct (median) 75th pct Average 50th pct (median) Chief Risk Officer | Vice President - Risk Management | Vice President - Strategic and Enterprise Risk 211 $184.2 $148.5 $178.0 $206.0 165 $55.5 $30.0 $45.0 $70.0 113 33.0% 30.0% 211 $227.6 $170.0 $223.0 $265.0 20.5 20.0 Director - Business Continuity/Financial/IT Risk Management 22 $141.7 $125.0 $145.9 $153.0 19 $28.5 $15.0 $25.0 $43.0 16 26.0% 23.0% 22 $166.4 $140.0 $162.2 $183.0 12.3 12.5 Director - Enterprise Risk Management (ERM)/Strategic Risk Management / Risk Intelligence 123 $135.3 $112.7 $130.0 $157.2 82 $25.1 $9.0 $20.0 $33.0 59 19.0% 20.0% 123 $152.0 $120.0 $135.0 $180.0 14.5 13.0 Director - Insurance and Risk Management 770 $133.4 $105.0 $129.0 $154.0 493 $33.2 $13.0 $25.0 $44.5 348 23.0% 20.0% 770 $154.6 $111.0 $142.9 $184.0 20.0 20.0 Manager - Insurance Management 359 $102.1 $85.0 $99.0 $115.0 216 $15.4 $6.2 $11.0 $20.0 144 19.0% 15.0% 359 $111.4 $88.0 $104.5 $129.0 15.4 14.0 Employee Benefits/Workers Compensation Claims Manager 45 $84.4 $67.0 $82.0 $97.0 20 $8.1 $3.5 $6.8 $11.0 11 10.0% 10.0% 45 $88.0 $70.3 $85.0 $106.0 14.2 12.0 Claims Manager 112 $86.9 $70.1 $85.5 $100.1 51 $15.9 $4.6 $10.0 $20.0 29 22.0% 15.0% 112 $94.1 $71.5 $87.2 $109.0 16.6 15.0 Environmental, Health or Safety Manager 33 $91.6 $72.5 $94.0 $104.0 17 $17.3 $9.6 $13.0 $30.0 12 20.0% 20.0% 33 $100.5 $72.5 $96.8 $119.5 14.9 12.0 Risk Management Analyst (Enterprise-Wide) 79 $76.5 $63.0 $72.5 $87.0 38 $7.7 $2.0 $4.0 $8.0 30 9.0% 10.0% 79 $80.2 $64.2 $77.5 $91.0 9.4 6.0 Risk Management Analyst 202 $69.6 $57.0 $67.9 $80.0 103 $6.0 $2.2 $4.0 $7.4 46 12.0% 10.0% 202 $72.7 $58.0 $71.0 $82.0 9.8 8.0 Claims Analyst 15 $64.2 $49.0 $63.0 $80.0 7 $4.5 -- $1.2 -- 5 24.0% 10.0% 15 $66.3 $49.0 $63.8 $80.0 9.3 5.0 © 2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 1 All Jobs Summary - US Data 2013 Risk Management Compensation Survey This Page Intentionally Blank © 2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 2 All Jobs Summary - US Data 2013 Risk Management Compensation Survey Chief Risk Officer | Vice President - Risk Management | Vice President - Strategic and Enterprise Risk Average Compensation by Ownership Type Ownership Type # of Resp. Average Base Salary ($000s) Average Total Comp ($000s) All Respondents 211 $184.2 $227.6 espondents Average Base Salary ($000s) Average Total Comp ($000s) $300.0 $150.0 Government 12 $155.0 $168.6 $100.0 Not-for-Profit 24 $196.4 $224.5 Other 2 -- -- $184.2 $224.5 $219.4 $196.4 $175.7 $168.6 80 $155.0 Private $200.0 $219.4 $244.7 $175.7 $192.8 $192.8 93 $227.6 Publicly Traded $50.0 $0.0 $0.0 licly Traded $244.7 $250.0 $0.0 All Respondents Publicly Traded Private Government Not-for-Profit Other Average Compensation by Revenue # of Resp. Average Base Salary ($000s) Average Total Comp ($000s) All Respondents 211 $184.2 $227.6 Less than $100 Million 24 $157.4 $184.4 250 Million $100 - $250 Million 18 $149.1 $178.8 500 Million $250 - $500 Million 9 $195.9 $214.8 $500 Million - $1 Billion 28 $183.5 $228.2 $100.0 - $5 Billion $1 - $5 Billion 75 $183.4 $230.8 $50.0 - $10 Billion $5 - $10 Billion 21 $192.0 $233.3 Greater than $10 Billion 34 $215.8 $276.2 Average Base Salary ($000s) Average Total Comp ($000s) $300.0 $276.2 Revenue © 2013 Risk and Insurance Management Society, Inc. (RIMS) $183.4 $215.8 $233.3 $5 - $10 Billion $192.0 $230.8 $1 - $5 Billion $228.2 $183.5 $214.8 $195.9 $178.8 $149.1 $157.4 $150.0 $184.2 $200.0 $184.4 $227.6 $250.0 $0.0 All Respondents Less than $100 Million IV- 3 $100 - $250 Million $250 - $500 Million $500 Million - $1 Billion Greater than $10 Billion US Data 2013 Risk Management Compensation Survey Chief Risk Officer | Vice President - Risk Management | Vice President - Strategic and Enterprise Risk Average Compensation by Degree Degree # of Resp. Average Base Salary ($000s) Average Total Comp ($000s) Average Base Salary ($000s) Average Total Comp ($000s) $300.0 All Respondents 211 $184.2 $227.6 HS/Associate 14 $175.2 $214.3 $165.6 $205.1 $100.0 MBA 56 $188.7 $244.5 $50.0 JD 17 $219.9 $242.9 $242.9 $244.5 $221.7 $219.9 18 $188.7 MA/MS $150.0 $205.1 $221.7 $165.6 $179.7 $179.7 97 $175.2 Bachelors $184.2 $200.0 $214.3 $227.6 $250.0 $0.0 All Respondents HS/Associate Bachelors MA/MS MBA JD Average Compensation by Supervisory Responsibility # of Resp. Average Base Salary ($000s) Average Total Comp ($000s) All Respondents 211 $184.2 $227.6 No 16 $161.7 $196.9 Supervisory Responsibility Average Base Salary ($000s) Average Total Comp ($000s) $300.0 $217.6 $100.0 From 3 to 5 44 $185.7 $233.7 $50.0 More than 5 62 $197.6 $241.6 © 2013 Risk and Insurance Management Society, Inc. (RIMS) $241.6 $233.7 $197.6 $175.1 $185.7 46 $217.6 From 1 to 3 $150.0 $175.1 $185.6 $185.6 $163.8 $163.8 15 $161.7 1 or Fewer $184.2 $200.0 $196.9 $227.6 $250.0 $0.0 All Respondents IV- 4 No 1 or Fewer From 1 to 3 From 3 to 5 More than 5 US Data 2013 Risk Management Compensation Survey Chief Risk Officer | Vice President - Risk Management | Vice President - Strategic and Enterprise Risk Average Compensation by Industry Industry All Respondents Business/Info Services/Consulting/Legal/Accounting Average Base Salary ($000s) # of Resp. Average Base Salary ($000s) Average Total Comp ($000s) 211 $184.2 $227.6 All Respondents 8 $172.6 $204.8 Business/Info Services/Consulting/Legal/Accounting $0.0 Construction/Engineering/Architectural 6 $168.6 $179.2 Construction/Engineering/Architectural Energy 8 $171.4 $222.0 Energy Entertainment & Media 6 $199.8 $237.5 Finance/Banking 7 $183.2 $234.3 Government 4 -- -- Healthcare 22 $192.0 $218.3 Hospitality 8 $180.1 $209.6 Hospitality Insurance 13 $221.9 $242.2 Insurance Mfg - Durable (includes Aerospace, Computer/Office Equipment, Electronics) 16 $187.8 $242.2 Mfg - Durable (includes Aerospace, Computer/Office Equipment, Electronics) Mfg - Nondurable (includes Food, Paper & Allied Products) 10 Not-for-Profit 2 -- -- Real Estate 19 $165.5 $214.0 Retail Service Transportation Utilities Wholesale Distribution 15 11 14 7 9 $186.7 $190.0 $161.0 $174.3 $201.6 $186.5 $255.0 $100.0 Average Total Comp ($000s) $150.0 $200.0 $204.8 $168.6 $179.2 $171.4 $222.0 $199.8 $237.5 $183.2 $234.3 $0.0 $0.0 $192.0 $218.3 $180.1 $209.6 $221.9 $242.2 $187.8 $242.2 $186.7 Mfg - Nondurable (includes Food, Paper & Allied Products) Real Estate $255.0 $0.0 $0.0 $165.5 $214.0 $190.0 Retail Service $199.4 Transportation $229.2 Utilities $305.3 Wholesale Distribution $219.5 IV- 5 $350.0 $227.6 Healthcare Not-for-Profit $300.0 $172.6 Finance/Banking Government $250.0 $184.2 Entertainment & Media $238.2 © 2013 Risk and Insurance Management Society, Inc. (RIMS) $50.0 $238.2 $161.0 $199.4 $174.3 $229.2 $201.6 $305.3 $186.5 $219.5 US Data 2013 Risk Management Compensation Survey Chief Risk Officer | Vice President - Risk Management | Vice President - Strategic and Enterprise Risk Average Compensation by Region Regions (defined in Section I - 15) # of Resp. Average Base Salary ($000s) Average Total Comp ($000s) Average Base Salary ($000s) Average Total Comp ($000s) $300.0 All Respondents 211 $184.2 $227.6 East Region North East 34 $189.0 $232.8 ntic Region Mid Atlantic 23 $179.5 $235.2 East Region South East 28 $168.5 $202.5 Mississippi Valley 50 $193.8 $244.0 tain Region Mountain 41 $170.2 $205.0 tern Region Western 35 $197.6 $240.4 $240.4 $197.6 $205.0 $170.2 $193.8 $168.5 $202.5 $235.2 $179.5 $232.8 $227.6 $189.0 $150.0 $184.2 $200.0 $244.0 $250.0 $100.0 $50.0 $0.0 © 2013 Risk and Insurance Management Society, Inc. (RIMS) All Respondents IV- 6 North East Mid Atlantic South East Mississippi Valley Mountain Western US Data 2013 Risk Management Compensation Survey Director - Business Continuity/Financial/IT Risk Management Average Compensation by Ownership Type Publicly Traded 10 $144.3 $171.3 Private 6 $139.8 $169.5 $160.0 $140.0 licly Traded $120.0 $163.7 $166.4 $148.5 $141.7 $169.5 22 Average Total Comp ($000s) $139.8 All Respondents espondents Average Base Salary ($000s) $180.0 $171.3 Average Total Comp ($000s) $144.3 Average Base Salary ($000s) $166.4 # of Resp. $141.7 Ownership Type $100.0 $80.0 Government 0 -- -- Not-for-Profit 5 $148.5 $163.7 Other 1 -- -- $60.0 $40.0 $0.0 $0.0 $20.0 $0.0 Private Government Not-for-Profit $0.0 Publicly Traded $0.0 All Respondents Other Average Compensation by Revenue # of Resp. Average Base Salary ($000s) Average Total Comp ($000s) All Respondents 22 $141.7 $166.4 Less than $100 Million 2 -- -- 250 Million $100 - $250 Million 2 -- -- 500 Million $250 - $500 Million 4 -- -- $80.0 $500 Million - $1 Billion 2 -- -- $60.0 - $5 Billion $1 - $5 Billion 7 $145.2 $169.6 - $10 Billion $5 - $10 Billion 1 -- -- Greater than $10 Billion 3 -- -- Average Base Salary ($000s) Average Total Comp ($000s) $120.0 $145.2 $140.0 $166.4 $160.0 $169.6 $180.0 $141.7 $100.0 © 2013 Risk and Insurance Management Society, Inc. (RIMS) $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $20.0 $0.0 $40.0 $0.0 Revenue $0.0 All Respondents Less than $100 Million IV- 7 $100 - $250 Million $250 - $500 Million $500 Million - $1 Billion $1 - $5 Billion $5 - $10 Billion Greater than $10 Billion US Data 2013 Risk Management Compensation Survey Director - Business Continuity/Financial/IT Risk Management Average Compensation by Degree Degree # of Resp. Average Base Salary ($000s) Average Total Comp ($000s) Average Base Salary ($000s) Average Total Comp ($000s) $250.0 All Respondents 22 $141.7 $166.4 HS/Associate 0 -- -- Bachelors 6 $143.3 $168.4 MA/MS 5 $164.6 $196.6 MBA 11 $130.5 $151.5 JD 0 -- -- $130.5 $151.5 $196.6 $164.6 $168.4 $143.3 $100.0 $141.7 $150.0 $166.4 $200.0 $0.0 $0.0 $0.0 $0.0 $50.0 $0.0 All Respondents HS/Associate Bachelors MA/MS MBA JD Average Compensation by Supervisory Responsibility # of Resp. Average Base Salary ($000s) Average Total Comp ($000s) All Respondents 22 $141.7 $166.4 No 3 -- -- 1 or Fewer 2 -- -- From 1 to 3 5 $135.2 $160.8 From 3 to 5 6 $153.7 $178.5 More than 5 2 -- -- Supervisory Responsibility Average Base Salary ($000s) Average Total Comp ($000s) $200.0 $100.0 $178.5 $160.8 $153.7 $120.0 $135.2 $140.0 $141.7 $160.0 $166.4 $180.0 $80.0 © 2013 Risk and Insurance Management Society, Inc. (RIMS) $60.0 $0.0 $0.0 $0.0 $0.0 $0.0 $20.0 $0.0 $40.0 $0.0 All Respondents IV- 8 No 1 or Fewer From 1 to 3 From 3 to 5 More than 5 US Data 2013 Risk Management Compensation Survey Director - Business Continuity/Financial/IT Risk Management Average Compensation by Industry No Breakdowns Available - Insufficient Sample Size Average Compensation by Region Regions (defined in Section I - 15) # of Resp. Average Base Salary ($000s) Average Total Comp ($000s) Average Total Comp ($000s) $141.7 $166.4 6 $136.8 $168.8 ntic Region Mid Atlantic 3 -- -- $140.0 $120.0 $141.7 North East $166.4 $160.0 $168.8 22 $136.8 All Respondents East Region $100.0 South East 3 -- -- Mississippi Valley 3 -- -- $80.0 $60.0 -- -- $0.0 3 $0.0 Western $0.0 tern Region $20.0 $0.0 -- $0.0 -- $0.0 4 $0.0 Mountain $0.0 tain Region $0.0 $40.0 $0.0 East Region Average Base Salary ($000s) $180.0 $0.0 © 2013 Risk and Insurance Management Society, Inc. (RIMS) All Respondents IV- 9 North East Mid Atlantic South East Mississippi Valley Mountain Western US Data 2013 Risk Management Compensation Survey This Page Intentionally Blank © 2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 10 2013 Risk Management Compensation Survey Director - Enterprise Risk Management (ERM)/Strategic Risk Management / Risk Intelligence Average Compensation by Ownership Type $135.3 $152.0 Publicly Traded 50 $150.4 $175.0 Private 31 $128.5 $141.3 Government 21 $110.1 $110.4 Not-for-Profit 19 $136.3 $156.4 Other 2 -- -- $180.0 $100.0 $128.5 $120.0 $150.4 $140.0 $135.3 licly Traded $152.0 $160.0 $80.0 $156.4 123 Average Total Comp ($000s) $136.3 All Respondents espondents Average Base Salary ($000s) $200.0 $110.4 Average Total Comp ($000s) $110.1 Average Base Salary ($000s) $141.3 # of Resp. $175.0 Ownership Type $60.0 $40.0 $0.0 $0.0 $20.0 $0.0 All Respondents Publicly Traded Private Government Not-for-Profit Other Average Compensation by Revenue 500 Million $250 - $500 Million 12 $118.5 $129.3 $500 Million - $1 Billion 16 $131.8 $145.7 - $5 Billion $1 - $5 Billion 46 $139.9 $156.5 - $10 Billion $5 - $10 Billion 9 $150.2 $171.8 Greater than $10 Billion 13 $161.7 $199.5 $150.0 $100.0 $50.0 $0.0 All Respondents © 2013 Risk and Insurance Management Society, Inc. (RIMS) $199.5 $138.3 $161.7 $127.7 $171.8 6 $150.2 $100 - $250 Million $156.5 250 Million $200.0 $139.9 $129.6 $145.7 $118.6 Average Total Comp ($000s) $131.8 10 $129.3 Less than $100 Million $118.5 $152.0 $138.3 $135.3 $127.7 123 $129.6 All Respondents Average Base Salary ($000s) $250.0 $118.6 Average Total Comp ($000s) $152.0 Average Base Salary ($000s) $135.3 # of Resp. Revenue IV- 11 Less than $100 Million $100 - $250 Million $250 - $500 Million $500 Million - $1 Billion $1 - $5 Billion $5 - $10 Billion Greater than $10 Billion US Data 2013 Risk Management Compensation Survey Director - Enterprise Risk Management (ERM)/Strategic Risk Management / Risk Intelligence Average Compensation by Degree Degree # of Resp. Average Base Salary ($000s) Average Total Comp ($000s) 123 $135.3 $152.0 Average Base Salary ($000s) Average Total Comp ($000s) $180.0 All Respondents $129.8 $141.6 MBA 37 $140.4 $157.2 $157.6 18 $100.0 $135.6 MA/MS $120.0 $157.2 $151.2 $140.4 $134.7 $141.6 Bachelors 50 $140.0 $129.8 -- $151.2 -- $134.7 3 $135.3 HS/Associate $152.0 $160.0 $80.0 $60.0 JD 9 $135.6 $157.6 $0.0 $20.0 $0.0 $40.0 $0.0 All Respondents HS/Associate Bachelors MA/MS MBA JD Average Compensation by Supervisory Responsibility # of Resp. Average Base Salary ($000s) Average Total Comp ($000s) All Respondents 123 $135.3 $152.0 No 25 $123.9 $134.6 1 or Fewer 18 $135.1 $147.1 From 1 to 3 31 $140.4 $162.3 From 3 to 5 21 $148.4 $173.6 More than 5 15 $135.7 $148.3 Supervisory Responsibility Average Base Salary ($000s) Average Total Comp ($000s) $200.0 $148.3 $135.7 $173.6 $148.4 $140.4 $147.1 $135.1 $134.6 $100.0 $123.9 $120.0 $135.3 $140.0 $152.0 $160.0 $162.3 $180.0 $80.0 $60.0 $40.0 © 2013 Risk and Insurance Management Society, Inc. (RIMS) $20.0 $0.0 All Respondents IV- 12 No 1 or Fewer From 1 to 3 From 3 to 5 More than 5 US Data 2013 Risk Management Compensation Survey Director - Enterprise Risk Management (ERM)/Strategic Risk Management / Risk Intelligence Average Compensation by Industry Industry All Respondents # of Resp. Average Base Salary ($000s) Average Total Comp ($000s) 123 $135.3 $152.0 Average Base Salary ($000s) $0.0 $20.0 $40.0 Average Total Comp ($000s) $60.0 $80.0 $100.0 $120.0 All Respondents Chemical/Pharmaceutical/Biotechnology 6 $144.7 $166.7 Energy 5 $123.4 $132.2 Finance/Banking 10 $148.4 $171.8 Government 9 $110.8 $111.3 Healthcare 8 $138.3 $162.0 Insurance 15 $121.0 $132.1 Insurance $160.9 Mfg - Durable (includes Aerospace, Computer/Office Equipment, Electronics) Mfg - Durable (includes Aerospace, Computer/Office Equipment, Electronics) Mfg - Nondurable (includes Food, Paper & Allied Products) Retail Transportation Utilities 14 $142.4 Mfg - Nondurable (includes Food, Paper & Allied Products) 6 $139.5 $153.8 Retail 9 $142.5 $130.3 $176.7 Transportation $139.4 Utilities © 2013 Risk and Insurance Management Society, Inc. (RIMS) $166.7 $132.2 $148.4 $171.8 $110.8 $111.3 $138.3 Healthcare $138.0 IV- 13 $200.0 $123.4 Finance/Banking $124.0 $180.0 $152.0 Energy Government $160.0 $144.7 Chemical/Pharmaceutical/Biotechnology 5 6 $140.0 $135.3 $162.0 $121.0 $132.1 $142.4 $160.9 $124.0 $138.0 $139.5 $153.8 $142.5 $176.7 $130.3 $139.4 US Data 2013 Risk Management Compensation Survey Director - Enterprise Risk Management (ERM)/Strategic Risk Management / Risk Intelligence Average Compensation by Region Regions (defined in Section I - 15) # of Resp. Average Base Salary ($000s) Average Total Comp ($000s) Average Total Comp ($000s) $120.0 $157.0 $164.9 $137.7 $140.9 $130.7 10 $152.7 Mid Atlantic $164.9 ntic Region $140.0 $140.9 $154.2 $154.2 $140.9 $140.9 19 $135.3 North East $152.0 $160.0 $142.5 $152.0 $132.3 $135.3 $134.8 123 $126.8 All Respondents East Region East Region Average Base Salary ($000s) $180.0 $100.0 South East 13 $126.8 $134.8 Mississippi Valley 24 $132.3 $152.7 $80.0 $60.0 $40.0 tain Region Mountain 17 $130.7 $142.5 tern Region Western 40 $137.7 $157.0 $20.0 $0.0 © 2013 Risk and Insurance Management Society, Inc. (RIMS) All Respondents IV- 14 North East Mid Atlantic South East Mississippi Valley Mountain Western US Data 2013 Risk Management Compensation Survey Director - Insurance and Risk Management Average Compensation by Ownership Type $154.6 Publicly Traded 346 $148.2 $180.7 Private 229 $128.4 $147.3 Government 101 $106.5 $107.9 Not-for-Profit 77 $122.8 $128.3 Other 17 $105.4 $117.9 $180.0 $106.5 $100.0 $128.4 $120.0 $148.2 $140.0 $133.4 licly Traded $154.6 $160.0 $80.0 $117.9 $133.4 $105.4 770 Average Total Comp ($000s) $128.3 All Respondents espondents Average Base Salary ($000s) $200.0 $122.8 Average Total Comp ($000s) $107.9 Average Base Salary ($000s) $147.3 # of Resp. $180.7 Ownership Type $60.0 $40.0 $20.0 $0.0 All Respondents Publicly Traded Private Government Not-for-Profit Other Average Compensation by Revenue 500 Million $250 - $500 Million 71 $116.1 $130.9 $500 Million - $1 Billion 103 $119.1 $132.2 - $5 Billion $1 - $5 Billion 225 $134.1 $155.1 - $10 Billion $5 - $10 Billion 92 $147.4 $175.2 Greater than $10 Billion 143 $165.7 $206.1 $150.0 $100.0 © 2013 Risk and Insurance Management Society, Inc. (RIMS) $206.1 $120.8 $165.7 $112.5 $175.2 53 $147.4 $100 - $250 Million $155.1 250 Million $200.0 $134.1 $109.6 $132.2 $105.5 Average Total Comp ($000s) $119.1 51 $130.9 Less than $100 Million $116.1 $154.6 $120.8 $133.4 $112.5 770 $109.6 All Respondents Average Base Salary ($000s) $250.0 $105.5 Average Total Comp ($000s) $154.6 Average Base Salary ($000s) $133.4 # of Resp. Revenue $50.0 $0.0 All Respondents Less than $100 Million IV- 15 $100 - $250 Million $250 - $500 Million $500 Million - $1 Billion $1 - $5 Billion $5 - $10 Billion Greater than $10 Billion US Data 2013 Risk Management Compensation Survey Director - Insurance and Risk Management Average Compensation by Degree # of Resp. Average Base Salary ($000s) Average Total Comp ($000s) All Respondents 770 $133.4 $154.6 HS/Associate 46 $122.3 $141.3 Bachelors 372 $133.1 $154.2 MA/MS 66 $118.8 $131.4 MBA 204 $141.2 $168.7 Degree Average Base Salary ($000s) Average Total Comp ($000s) $180.0 $140.7 $155.4 $168.7 $141.2 $131.4 $154.2 $118.8 $100.0 $133.1 $141.3 $122.3 $120.0 $133.4 $140.0 $154.6 $160.0 $80.0 $60.0 $40.0 $20.0 JD 50 $140.7 $155.4 $0.0 All Respondents HS/Associate Bachelors MA/MS MBA JD Average Compensation by Supervisory Responsibility # of Resp. Average Base Salary ($000s) Average Total Comp ($000s) All Respondents 770 $133.4 $154.6 No 135 $119.7 $135.2 Supervisory Responsibility Average Base Salary ($000s) Average Total Comp ($000s) 110 $127.6 $151.6 $100.0 $162.8 $138.7 $143.7 $155.4 $135.1 $151.6 $135.2 $127.6 1 or Fewer $119.7 $120.0 $133.4 $140.0 $154.6 $160.0 $167.1 $180.0 $80.0 From 1 to 3 230 $135.1 $155.4 From 3 to 5 132 $143.7 $167.1 More than 5 105 $138.7 $162.8 $60.0 $40.0 $20.0 $0.0 © 2013 Risk and Insurance Management Society, Inc. (RIMS) All Respondents IV- 16 No 1 or Fewer From 1 to 3 From 3 to 5 More than 5 US Data 2013 Risk Management Compensation Survey Director - Insurance and Risk Management Average Compensation by Industry # of Resp. Average Base Salary ($000s) Average Total Comp ($000s) All Respondents 770 $133.4 $154.6 Agriculture 11 $135.5 $164.2 Business/Info Services/Consulting/Legal/Accounting 7 $164.8 $207.0 Industry Average Base Salary ($000s) $0.0 $50.0 Average Total Comp ($000s) $100.0 $150.0 All Respondents $154.6 $164.2 $164.8 Business/Info Services/Consulting/Legal/Accounting $207.0 Chemical/Pharmaceutical/Biotechnology 34 $143.8 $176.7 Chemical/Pharmaceutical/Biotechnology $143.8 Computer Software/Services 8 $143.9 $164.5 Computer Software/Services $143.9 Construction/Engineering/Architectural 30 $133.6 $148.8 Construction/Engineering/Architectural Education 51 $115.9 $116.6 Energy 38 $152.7 $190.2 Entertainment & Media 15 $151.8 $186.9 Finance/Banking 32 $150.0 $188.6 Government 67 $103.5 Healthcare 42 $132.3 $147.3 Hospitality 22 $122.6 $141.6 Insurance 24 $128.7 $148.7 Mfg - Durable (includes Aerospace, Computer/Office Equipment, Electronics) Mfg - Nondurable (includes Food, Paper & Allied Products) 68 $146.0 $164.5 $133.6 $148.8 $115.9 $116.6 Energy $152.7 Entertainment & Media $151.8 Government $190.2 $186.9 $150.0 $188.6 $103.5 $105.2 $132.3 $147.3 Healthcare Hospitality Insurance $173.6 $122.6 $141.6 $128.7 $148.7 $146.0 Mfg - Durable (includes Aerospace, Computer/Office Equipment,… 50 $144.4 $175.4 Mining/Milling/Smelting 6 $165.7 $201.7 Not-for-Profit 14 $113.4 $114.8 Real Estate 40 $138.1 $157.3 Retail 48 $136.1 $158.7 Service 15 $120.2 $131.5 Telecommunications 15 $139.7 $158.4 Transportation 34 $115.5 $134.8 Utilities 29 $137.9 $166.4 Wholesale Distribution 13 $134.6 $156.8 Other $176.7 Finance/Banking $105.2 55 $133.8 $175.4 $165.7 Mining/Milling/Smelting $201.7 $113.4 $114.8 $138.1 Real Estate $157.3 $136.1 Retail Service $158.7 $120.2 $131.5 $139.7 Telecommunications Transportation Utilities $159.1 © 2013 Risk and Insurance Management Society, Inc. (RIMS) $173.6 $144.4 Mfg - Nondurable (includes Food, Paper & Allied Products) Not-for-Profit IV- 17 $250.0 $135.5 Agriculture Education $200.0 $133.4 $158.4 $115.5 $134.8 $137.9 $166.4 Wholesale Distribution $134.6 Other $133.8 $156.8 $159.1 US Data 2013 Risk Management Compensation Survey Director - Insurance and Risk Management Average Compensation by Region Regions (defined in Section I - 15) # of Resp. Average Base Salary ($000s) Average Total Comp ($000s) Average Base Salary ($000s) Average Total Comp ($000s) $200.0 $154.6 $151.3 East Region South East 119 $123.2 $142.1 $120.0 $133.4 $140.0 $100.0 $146.9 $132.0 $132.1 91 $148.5 Mid Atlantic $126.4 ntic Region $160.0 $151.0 $184.0 $130.0 $154.5 $132.0 141 $154.5 North East $154.6 East Region $184.0 $180.0 $142.1 $133.4 $123.2 770 $151.3 All Respondents $80.0 Mississippi Valley 161 $130.0 $151.0 tain Region Mountain 135 $126.4 $148.5 tern Region Western 123 $132.1 $146.9 $60.0 $40.0 $20.0 $0.0 © 2013 Risk and Insurance Management Society, Inc. (RIMS) All Respondents IV- 18 North East Mid Atlantic South East Mississippi Valley Mountain Western US Data 2013 Risk Management Compensation Survey Manager - Insurance Management Average Compensation by Ownership Type Private 87 $99.7 $109.3 $100.0 $80.0 $109.1 $119.9 $103.6 $107.5 $92.0 181 licly Traded $89.9 Publicly Traded $120.0 $96.3 $111.4 $94.0 $102.1 Average Total Comp ($000s) $109.3 359 $99.7 All Respondents espondents Average Base Salary ($000s) $140.0 $119.9 Average Total Comp ($000s) $107.5 Average Base Salary ($000s) $111.4 # of Resp. $102.1 Ownership Type $60.0 Government 44 $94.0 $96.3 Not-for-Profit 34 $89.9 $92.0 Other 13 $103.6 $109.1 $40.0 $20.0 $0.0 All Respondents Publicly Traded Private Government Not-for-Profit Other Average Compensation by Revenue All Respondents # of Resp. Average Base Salary ($000s) Average Total Comp ($000s) 359 $102.1 $111.4 Average Base Salary ($000s) Average Total Comp ($000s) $140.0 $107.2 - $5 Billion $1 - $5 Billion 112 $102.4 $111.5 - $10 Billion $5 - $10 Billion 45 $103.4 $113.6 Greater than $10 Billion 80 $115.3 $131.1 $60.0 $40.0 $20.0 $0.0 All Respondents © 2013 Risk and Insurance Management Society, Inc. (RIMS) $115.3 $102.5 $113.6 32 $103.4 $500 Million - $1 Billion $111.5 $98.6 $102.4 $90.7 $107.2 25 $80.0 $102.5 500 Million $250 - $500 Million $98.6 $101.7 $90.7 $95.3 $101.7 17 $100.0 $95.3 250 Million $100 - $250 Million $83.9 $83.9 $82.2 $82.2 $111.4 23 $102.1 $120.0 Less than $100 Million $131.1 Revenue IV- 19 Less than $100 Million $100 - $250 Million $250 - $500 Million $500 Million - $1 Billion $1 - $5 Billion $5 - $10 Billion Greater than $10 Billion US Data 2013 Risk Management Compensation Survey Manager - Insurance Management Average Compensation by Degree Degree # of Resp. Average Base Salary ($000s) Average Total Comp ($000s) Average Base Salary ($000s) Average Total Comp ($000s) $140.0 All Respondents 359 $102.1 $111.4 $106.6 $112.1 $101.5 $106.3 27 $115.4 MA/MS $80.0 $105.5 $113.3 $106.6 $102.9 $101.5 192 $113.3 Bachelors $100.0 $102.9 $93.6 $93.6 $88.6 $88.6 36 $111.4 HS/Associate $102.1 $120.0 $60.0 $40.0 MBA 76 $105.5 $115.4 JD 8 $106.3 $112.1 $20.0 $0.0 All Respondents HS/Associate Bachelors MA/MS MBA JD Average Compensation by Supervisory Responsibility Supervisory Responsibility # of Resp. Average Base Salary ($000s) Average Total Comp ($000s) 359 $102.1 $111.4 Average Base Salary ($000s) Average Total Comp ($000s) $160.0 All Respondents $108.8 From 3 to 5 22 $102.4 $111.7 More than 5 19 $115.3 $135.4 $115.3 $102.5 $111.7 60 $80.0 $102.4 From 1 to 3 $100.0 $108.8 $114.1 $102.5 $103.6 $114.1 66 $103.6 1 or Fewer $120.0 $108.2 $108.2 $99.6 $99.6 $111.4 167 $102.1 No $135.4 $140.0 $60.0 $40.0 © 2013 Risk and Insurance Management Society, Inc. (RIMS) $20.0 $0.0 All Respondents IV- 20 No 1 or Fewer From 1 to 3 From 3 to 5 More than 5 US Data 2013 Risk Management Compensation Survey Manager - Insurance Management Average Compensation by Industry # of Resp. Average Base Salary ($000s) Average Total Comp ($000s) 359 $102.1 $111.4 Business/Info Services/Consulting/Legal/Accounting 6 $99.3 $104.9 Chemical/Pharmaceutical/Biotechnology 13 $118.4 $130.4 Construction/Engineering/Architectural 15 $113.2 $120.4 Education 7 $86.5 $89.7 Energy 24 $119.3 $143.3 Finance/Banking 17 $101.9 $117.7 Industry All Respondents Average Base Salary ($000s) $0.0 $20.0 $40.0 Average Total Comp ($000s) $60.0 $80.0 $100.0 All Respondents $118.4 Chemical/Pharmaceutical/Biotechnology $130.4 $113.2 $120.4 Construction/Engineering/Architectural $86.5 $89.7 $119.3 $143.3 $101.9 Finance/Banking 26 $91.4 $91.6 Government Healthcare 23 $97.7 $117.7 $91.4 $91.6 $104.2 $97.7 $104.2 Healthcare Hospitality 8 $83.7 $88.7 Hospitality Insurance 18 $95.2 $100.3 Insurance 37 $106.3 $116.3 Mfg - Durable (includes Aerospace, Computer/Office Equipment, Electronics) 19 $109.4 $119.6 Mfg - Nondurable (includes Food, Paper & Allied Products) Mining/Milling/Smelting 8 $106.3 $111.6 Mining/Milling/Smelting Not-for-Profit 6 $90.6 $91.4 Not-for-Profit Real Estate 11 $98.1 $107.4 Real Estate Retail 18 $97.6 $105.6 Retail Telecommunications 5 $102.0 $117.3 Telecommunications Mfg - Durable (includes Aerospace, Computer/Office Equipment, Electronics) Mfg - Nondurable (includes Food, Paper & Allied Products) Transportation 19 $95.7 $106.1 Transportation Utilities 32 $104.5 $114.8 Utilities Wholesale Distribution 9 $95.7 $103.5 Wholesale Distribution Other 23 $103.9 $114.9 Other © 2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 21 $160.0 $111.4 Energy Government $140.0 $99.3 $104.9 Business/Info Services/Consulting/Legal/Accounting Education $120.0 $102.1 $83.7 $88.7 $95.2 $100.3 $106.3 $116.3 $109.4 $119.6 $106.3 $111.6 $90.6 $91.4 $98.1 $107.4 $97.6 $105.6 $102.0 $117.3 $95.7 $106.1 $104.5 $114.8 $95.7 $103.5 $103.9 $114.9 US Data 2013 Risk Management Compensation Survey Manager - Insurance Management Average Compensation by Region Regions (defined in Section I - 15) # of Resp. Average Base Salary ($000s) Average Total Comp ($000s) Average Total Comp ($000s) $111.4 East Region North East 45 $108.0 $118.7 ntic Region Mid Atlantic 46 $99.8 $107.1 $80.0 South East 42 $92.9 $107.0 $110.6 $100.6 $100.6 $92.9 $107.1 $99.8 $118.7 $108.0 $111.4 $100.0 $102.1 $120.0 $108.8 $102.1 $103.8 359 $120.9 All Respondents East Region Average Base Salary ($000s) $140.0 $100.6 $60.0 Mississippi Valley 105 $100.6 $110.6 tain Region Mountain 60 $107.0 $120.9 $20.0 tern Region Western 61 $103.8 $108.8 $0.0 © 2013 Risk and Insurance Management Society, Inc. (RIMS) $40.0 All Respondents IV- 22 North East Mid Atlantic South East Mississippi Valley Mountain Western US Data 2013 Risk Management Compensation Survey Employee Benefits/Workers Compensation Claims Manager Average Compensation by Ownership Type Ownership Type # of Resp. Average Base Salary ($000s) Average Total Comp ($000s) All Respondents 45 $84.4 $88.0 espondents Average Base Salary ($000s) Average Total Comp ($000s) $120.0 Government 7 $96.7 $96.7 $40.0 Not-for-Profit 7 $93.3 $98.1 Other 1 -- -- $98.1 $60.0 $93.3 $75.4 $96.7 $72.5 $96.7 13 $75.4 Private $80.0 $72.5 $90.0 $90.0 $84.6 $84.6 17 $84.4 Publicly Traded $20.0 $0.0 $0.0 licly Traded $88.0 $100.0 $0.0 All Respondents Publicly Traded Private Government Not-for-Profit Other Average Compensation by Revenue # of Resp. Average Base Salary ($000s) Average Total Comp ($000s) All Respondents 45 $84.4 $88.0 Less than $100 Million 9 $80.3 $81.3 250 Million $100 - $250 Million 0 -- -- 500 Million $250 - $500 Million 2 -- -- $500 Million - $1 Billion 5 $106.4 $112.8 $40.0 - $5 Billion $1 - $5 Billion 9 $88.8 $94.2 $20.0 - $10 Billion $5 - $10 Billion 3 -- -- Greater than $10 Billion 2 -- -- Average Base Salary ($000s) $94.2 $88.8 $112.8 $81.3 $80.3 $88.0 $80.0 $84.4 $100.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $60.0 $0.0 All Respondents © 2013 Risk and Insurance Management Society, Inc. (RIMS) Average Total Comp ($000s) $120.0 $106.4 Revenue IV- 23 Less than $100 Million $100 - $250 Million $250 - $500 Million $500 Million - $1 Billion $1 - $5 Billion $5 - $10 Billion Greater than $10 Billion US Data 2013 Risk Management Compensation Survey Employee Benefits/Workers Compensation Claims Manager Average Compensation by Degree # of Resp. Average Base Salary ($000s) Average Total Comp ($000s) All Respondents 45 $84.4 $88.0 HS/Associate 10 $79.3 $82.3 Bachelors 25 $82.8 $86.5 Degree Average Base Salary ($000s) Average Total Comp ($000s) $60.0 MBA 2 -- -- JD 0 -- -- $97.0 $86.5 $82.8 $82.3 $40.0 $20.0 $0.0 $104.8 $0.0 $97.0 $0.0 5 $0.0 MA/MS $79.3 $88.0 $80.0 $84.4 $100.0 $104.8 $120.0 $0.0 All Respondents HS/Associate Bachelors MA/MS MBA JD Average Compensation by Supervisory Responsibility # of Resp. Average Base Salary ($000s) Average Total Comp ($000s) All Respondents 45 $84.4 $88.0 No 17 $70.8 $72.8 1 or Fewer 5 $74.6 $78.3 From 1 to 3 8 $84.0 $88.2 Supervisory Responsibility Average Base Salary ($000s) Average Total Comp ($000s) $140.0 $88.2 $84.0 $78.3 $74.6 $70.8 $60.0 $72.8 $88.0 $80.0 $84.4 $100.0 $116.2 $108.9 $120.0 2 -- -- More than 5 8 $108.9 $116.2 © 2013 Risk and Insurance Management Society, Inc. (RIMS) $20.0 $0.0 From 3 to 5 $0.0 $40.0 $0.0 All Respondents IV- 24 No 1 or Fewer From 1 to 3 From 3 to 5 More than 5 US Data 2013 Risk Management Compensation Survey Employee Benefits/Workers Compensation Claims Manager Average Compensation by Industry # of Resp. Average Base Salary ($000s) Average Total Comp ($000s) All Respondents 45 $84.4 $88.0 All Respondents Government 5 $74.4 $74.4 Government Healthcare 5 $90.2 $96.2 Healthcare Retail 6 $73.8 $78.8 Retail Industry $0.0 $20.0 Average Base Salary ($000s) $40.0 $60.0 Average Total Comp ($000s) $80.0 $100.0 $120.0 $84.4 $88.0 $74.4 $74.4 $90.2 $96.2 $73.8 $78.8 Average Compensation by Region Regions (defined in Section I - 15) # of Resp. Average Base Salary ($000s) Average Total Comp ($000s) Average Base Salary ($000s) Average Total Comp ($000s) $100.0 -- ntic Region Mid Atlantic 1 -- -- East Region South East 7 $70.7 $74.6 $80.0 $70.7 $70.0 $60.0 $81.9 -- $90.8 4 $74.6 North East $88.0 East Region $84.4 $90.0 $86.8 $88.0 $94.0 $84.4 $93.7 45 $94.2 All Respondents $50.0 $40.0 Mississippi Valley 8 $90.8 $94.2 $30.0 $93.7 $94.0 tern Region Western 17 $81.9 $86.8 $10.0 $0.0 8 $0.0 Mountain $0.0 tain Region $0.0 $20.0 $0.0 © 2013 Risk and Insurance Management Society, Inc. (RIMS) All Respondents IV- 25 North East Mid Atlantic South East Mississippi Valley Mountain Western US Data 2013 Risk Management Compensation Survey This Page Intentionally Blank © 2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 26 2013 Risk Management Compensation Survey Claims Manager Average Compensation by Ownership Type $86.9 $94.1 Private 34 $76.7 $80.6 $60.0 Government 10 $83.9 $84.5 $40.0 Not-for-Profit 6 $103.8 $104.7 Other 4 -- -- $80.0 $76.7 $104.2 $104.2 $92.7 $92.7 58 $86.9 Publicly Traded $20.0 $0.0 licly Traded $94.1 $100.0 $0.0 112 Average Total Comp ($000s) $104.7 All Respondents espondents Average Base Salary ($000s) $120.0 $103.8 Average Total Comp ($000s) $84.5 Average Base Salary ($000s) $83.9 # of Resp. $80.6 Ownership Type $0.0 All Respondents Publicly Traded Private Government Not-for-Profit Other Average Compensation by Revenue Revenue All Respondents # of Resp. Average Base Salary ($000s) Average Total Comp ($000s) 112 $86.9 $94.1 Average Base Salary ($000s) Average Total Comp ($000s) $140.0 - $5 Billion $1 - $5 Billion 18 $88.3 $92.3 - $10 Billion $5 - $10 Billion 11 $93.9 $104.6 Greater than $10 Billion 20 $104.4 $124.7 © 2013 Risk and Insurance Management Society, Inc. (RIMS) $104.4 $84.2 $104.6 $82.5 $93.9 8 $92.3 $500 Million - $1 Billion $60.0 $88.3 $90.4 $84.2 $84.0 $82.5 8 $80.0 $90.4 500 Million $250 - $500 Million $84.0 $81.8 $81.8 $79.8 $79.8 5 $100.0 $83.6 250 Million $100 - $250 Million $82.5 $83.6 $94.1 $82.5 $86.9 9 $124.7 $120.0 Less than $100 Million $40.0 $20.0 $0.0 All Respondents Less than $100 Million IV- 27 $100 - $250 Million $250 - $500 Million $500 Million - $1 Billion $1 - $5 Billion $5 - $10 Billion Greater than $10 Billion US Data 2013 Risk Management Compensation Survey Claims Manager Average Compensation by Degree Degree # of Resp. Average Base Salary ($000s) Average Total Comp ($000s) Average Base Salary ($000s) Average Total Comp ($000s) $86.9 $94.1 HS/Associate 19 $73.0 $75.4 $89.2 $96.8 MA/MS 6 $94.5 $101.9 $40.0 MBA 9 $92.4 $98.2 $20.0 JD 2 -- -- $94.5 $0.0 $0.0 $60.0 $96.8 $89.2 $75.4 68 $73.0 Bachelors $94.1 $80.0 $86.9 $100.0 $98.2 112 $92.4 All Respondents $101.9 $120.0 $0.0 All Respondents HS/Associate Bachelors MA/MS MBA JD Average Compensation by Supervisory Responsibility Supervisory Responsibility # of Resp. Average Base Salary ($000s) Average Total Comp ($000s) 112 $86.9 $94.1 Average Base Salary ($000s) Average Total Comp ($000s) $85.5 $96.2 $60.0 $102.8 14 $96.6 From 1 to 3 $80.0 $96.2 $87.8 $85.5 $83.2 $87.8 17 $83.2 1 or Fewer $100.0 $86.5 $86.5 $81.7 $81.7 $94.1 50 $86.9 No $108.8 $120.0 $125.6 $140.0 All Respondents $40.0 From 3 to 5 8 $108.8 $125.6 More than 5 14 $96.6 $102.8 © 2013 Risk and Insurance Management Society, Inc. (RIMS) $20.0 $0.0 All Respondents IV- 28 No 1 or Fewer From 1 to 3 From 3 to 5 More than 5 US Data 2013 Risk Management Compensation Survey Claims Manager Average Compensation by Industry Average Base Salary ($000s) Industry All Respondents # of Resp. Average Base Salary ($000s) Average Total Comp ($000s) 112 $86.9 $94.1 $0.0 $20.0 $40.0 Average Total Comp ($000s) $60.0 $80.0 6 $89.2 $96.5 Education 5 $76.2 $76.2 Energy 5 $101.6 $131.5 Finance/Banking Government Hospitality 6 8 9 Retail 13 Service 6 Transportation Utilities 11 6 $83.8 $72.0 $77.6 $84.7 $91.9 $90.5 $89.7 $96.5 $76.2 $76.2 $101.6 $131.5 $83.8 Finance/Banking $72.3 Government $85.5 Hospitality $89.6 Retail $94.9 Service $98.4 Transportation Utilities $101.6 © 2013 Risk and Insurance Management Society, Inc. (RIMS) $94.1 Energy $92.3 IV- 29 $140.0 $89.2 Construction/Engineering/Architectural Education $120.0 $86.9 All Respondents Construction/Engineering/Architectural $100.0 $92.3 $72.0 $72.3 $77.6 $85.5 $84.7 $89.6 $91.9 $94.9 $90.5 $98.4 $89.7 $101.6 US Data 2013 Risk Management Compensation Survey Claims Manager Average Compensation by Region Regions (defined in Section I - 15) # of Resp. Average Base Salary ($000s) Average Total Comp ($000s) Average Base Salary ($000s) Average Total Comp ($000s) Mid Atlantic 21 $91.2 $97.3 East Region South East 15 $82.8 $91.9 Mississippi Valley 21 $79.6 $82.9 tain Region Mountain 27 $85.0 $95.3 tern Region Western 18 $91.0 $99.9 $97.5 $94.1 $86.9 $80.0 $99.9 ntic Region $100.0 $91.0 $101.0 $95.3 $97.5 $85.0 10 $82.9 North East $79.6 East Region $91.9 $94.1 $82.8 $86.9 $97.3 112 $91.2 All Respondents $101.0 $120.0 $60.0 $40.0 $20.0 $0.0 © 2013 Risk and Insurance Management Society, Inc. (RIMS) All Respondents IV- 30 North East Mid Atlantic South East Mississippi Valley Mountain Western US Data 2013 Risk Management Compensation Survey Environmental, Health or Safety Manager Average Compensation by Ownership Type 12 $89.1 $97.7 Private 14 $95.5 $109.1 $60.0 Government 6 $93.7 $93.7 $40.0 Not-for-Profit 1 -- -- Other 0 -- -- $80.0 $91.6 Publicly Traded $20.0 $0.0 $0.0 licly Traded $100.5 $100.0 $0.0 $100.5 $0.0 $91.6 $93.7 33 Average Total Comp ($000s) $93.7 All Respondents espondents Average Base Salary ($000s) $120.0 $109.1 Average Total Comp ($000s) $95.5 Average Base Salary ($000s) $97.7 # of Resp. $89.1 Ownership Type $0.0 All Respondents Publicly Traded Private Government Not-for-Profit Other Average Compensation by Revenue 3 -- -- 500 Million $250 - $500 Million 7 $95.0 $112.2 $500 Million - $1 Billion 5 $74.1 $78.7 - $5 Billion $1 - $5 Billion 4 -- -- - $10 Billion $5 - $10 Billion 1 -- -- Greater than $10 Billion 3 $74.1 $91.6 $80.0 $60.0 $40.0 $0.0 $20.0 $0.0 $100 - $250 Million $0.0 250 Million $100.0 $0.0 -- $0.0 -- $0.0 0 $0.0 Less than $100 Million $78.7 $100.5 $112.2 $91.6 $95.0 33 Average Total Comp ($000s) $0.0 All Respondents Average Base Salary ($000s) $120.0 $0.0 Average Total Comp ($000s) $0.0 Average Base Salary ($000s) $100.5 # of Resp. Revenue $0.0 -- -- © 2013 Risk and Insurance Management Society, Inc. (RIMS) All Respondents Less than $100 Million IV- 31 $100 - $250 Million $250 - $500 Million $500 Million - $1 Billion $1 - $5 Billion $5 - $10 Billion Greater than $10 Billion US Data 2013 Risk Management Compensation Survey Environmental, Health or Safety Manager Average Compensation by Degree Degree # of Resp. Average Base Salary ($000s) Average Total Comp ($000s) Average Base Salary ($000s) Average Total Comp ($000s) HS/Associate 3 -- -- Bachelors 18 $87.8 $96.9 $80.0 $91.6 $100.0 $114.1 $100.5 $108.4 $91.6 $96.9 33 $87.8 All Respondents $100.5 $120.0 $60.0 MA/MS 7 $108.4 $114.1 MBA 4 -- -- $20.0 JD 0 -- -- $0.0 All Respondents HS/Associate Bachelors MA/MS MBA $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $40.0 JD Average Compensation by Supervisory Responsibility # of Resp. Average Base Salary ($000s) Average Total Comp ($000s) All Respondents 33 $91.6 $100.5 No 15 $86.1 $91.6 1 or Fewer 3 -- -- From 1 to 3 4 -- -- Supervisory Responsibility Average Base Salary ($000s) Average Total Comp ($000s) $120.0 $105.0 $91.6 $86.1 $100.5 $80.0 $91.6 $100.0 $122.0 $140.0 $60.0 6 $105.0 $122.0 © 2013 Risk and Insurance Management Society, Inc. (RIMS) $0.0 More than 5 $20.0 $0.0 -- $0.0 -- $0.0 4 $0.0 From 3 to 5 $0.0 $40.0 $0.0 All Respondents IV- 32 No 1 or Fewer From 1 to 3 From 3 to 5 More than 5 US Data 2013 Risk Management Compensation Survey Environmental, Health or Safety Manager Average Compensation by Industry Industry All Respondents # of Resp. Average Base Salary ($000s) Average Total Comp ($000s) 33 $91.6 $100.5 Average Base Salary ($000s) $0.0 $20.0 Average Total Comp ($000s) $40.0 $60.0 $80.0 $100.0 $120.0 $140.0 $91.6 All Respondents $100.5 Government 5 $93.2 $93.2 $93.2 Government $93.2 Mfg - Nondurable (includes Food, Paper & Allied Products) 6 $109.7 $116.5 $109.7 Mfg - Nondurable (includes Food, Paper & Allied Products) $116.5 Average Compensation by Region Regions (defined in Section I - 15) # of Resp. Average Base Salary ($000s) Average Total Comp ($000s) Average Base Salary ($000s) Average Total Comp ($000s) North East 4 -- -- ntic Region Mid Atlantic 4 -- -- East Region South East 8 $76.1 $78.9 Mississippi Valley 3 -- -- tain Region Mountain 7 $82.4 $97.2 tern Region Western 7 $103.1 $109.1 $76.1 $80.0 $91.6 $100.0 $109.1 East Region $103.1 $100.5 $97.2 $91.6 $82.4 33 $78.9 All Respondents $100.5 $120.0 $60.0 $40.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $20.0 $0.0 © 2013 Risk and Insurance Management Society, Inc. (RIMS) All Respondents IV- 33 North East Mid Atlantic South East Mississippi Valley Mountain Western US Data 2013 Risk Management Compensation Survey This Page Intentionally Blank © 2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 34 2013 Risk Management Compensation Survey Risk Management Analyst (Enterprise-Wide) Average Compensation by Ownership Type All Respondents 79 $76.5 $80.2 Publicly Traded 27 $75.4 $80.1 Private 25 $80.8 $86.4 Government 13 $73.8 $74.1 Not-for-Profit 10 $75.8 $77.4 Other 4 -- -- espondents Average Base Salary ($000s) $90.0 $80.8 $80.1 $73.8 $75.4 $60.0 $80.2 $70.0 $76.5 $80.0 licly Traded Average Total Comp ($000s) $100.0 $77.4 Average Total Comp ($000s) $75.8 Average Base Salary ($000s) $74.1 # of Resp. $86.4 Ownership Type $50.0 $40.0 $30.0 $20.0 $0.0 $0.0 $10.0 $0.0 All Respondents Publicly Traded Private Government Not-for-Profit Other Average Compensation by Revenue $80.2 Less than $100 Million 5 $66.9 $69.5 250 Million $100 - $250 Million 7 $77.3 $78.9 500 Million $250 - $500 Million 5 $76.1 $78.9 $500 Million - $1 Billion 9 $72.3 $75.5 - $5 Billion $1 - $5 Billion 23 $84.5 $87.8 - $10 Billion $5 - $10 Billion 10 $72.8 $77.4 Greater than $10 Billion 6 $78.2 $81.5 $90.0 $75.5 $72.3 $78.9 $76.1 $78.9 $77.3 $69.5 $60.0 $66.9 $80.2 $70.0 $76.5 $80.0 $81.5 $76.5 $78.2 79 Average Total Comp ($000s) $77.4 All Respondents Average Base Salary ($000s) $100.0 $72.8 Average Total Comp ($000s) $87.8 Average Base Salary ($000s) $84.5 # of Resp. Revenue $50.0 $40.0 $30.0 $20.0 $10.0 $0.0 All Respondents © 2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 35 Less than $100 Million $100 - $250 Million $250 - $500 Million $500 Million - $1 Billion $1 - $5 Billion $5 - $10 Billion Greater than $10 Billion US Data 2013 Risk Management Compensation Survey Risk Management Analyst (Enterprise-Wide) Average Compensation by Degree # of Resp. Average Base Salary ($000s) Average Total Comp ($000s) All Respondents 79 $76.5 $80.2 HS/Associate 8 $69.8 $71.5 Bachelors 41 $72.6 $77.0 MA/MS 4 -- -- MBA 18 $80.5 $83.5 Degree Average Base Salary ($000s) Average Total Comp ($000s) $60.0 $80.5 $77.0 $72.6 $69.8 $71.5 $80.2 $70.0 $76.5 $80.0 $83.5 $90.0 $50.0 $40.0 $30.0 JD 2 -- -- $0.0 $0.0 $0.0 $10.0 $0.0 $20.0 $0.0 All Respondents HS/Associate Bachelors MA/MS MBA JD Average Compensation by Supervisory Responsibility # of Resp. Average Base Salary ($000s) Average Total Comp ($000s) All Respondents 79 $76.5 $80.2 No 59 $72.0 $75.3 1 or Fewer 9 $96.4 $103.8 Supervisory Responsibility Average Base Salary ($000s) Average Total Comp ($000s) $40.0 From 3 to 5 0 -- -- $20.0 More than 5 1 -- -- © 2013 Risk and Insurance Management Society, Inc. (RIMS) $75.3 $80.2 $88.4 $0.0 $88.4 $0.0 $86.2 $0.0 10 $0.0 From 1 to 3 $72.0 $60.0 $76.5 $80.0 $86.2 $96.4 $100.0 $103.8 $120.0 $0.0 All Respondents IV- 36 No 1 or Fewer From 1 to 3 From 3 to 5 More than 5 US Data 2013 Risk Management Compensation Survey Risk Management Analyst (Enterprise-Wide) Average Compensation by Industry Industry All Respondents # of Resp. Average Base Salary ($000s) Average Total Comp ($000s) 79 $76.5 $80.2 Average Base Salary ($000s) $0.0 $20.0 $40.0 Average Total Comp ($000s) $60.0 $80.0 $100.0 $120.0 $76.5 All Respondents $80.2 Chemical/Pharmaceutical/Biotechnology 5 $102.8 $113.2 $102.8 Chemical/Pharmaceutical/Biotechnology $113.2 Finance/Banking 6 $82.2 $82.2 $84.7 Finance/Banking $84.7 Government 7 $69.8 $69.8 $69.8 Government $69.8 Insurance 9 $77.1 $77.1 $79.7 Insurance $79.7 $68.2 Retail 7 $68.2 $71.4 Retail Utilities 10 $84.1 $85.9 Utilities $71.4 $84.1 © 2013 Risk and Insurance Management Society, Inc. (RIMS) $85.9 IV- 37 US Data 2013 Risk Management Compensation Survey Risk Management Analyst (Enterprise-Wide) Average Compensation by Region Regions (defined in Section I - 15) # of Resp. Average Base Salary ($000s) Average Total Comp ($000s) Average Base Salary ($000s) Average Total Comp ($000s) $100.0 All Respondents 79 $76.5 $80.2 $62.7 $70.4 $50.0 $85.2 12 $83.8 South East $60.0 $86.9 East Region $70.0 $78.3 $79.9 $75.4 $76.1 $70.4 13 $62.7 Mid Atlantic $79.9 ntic Region $80.0 $76.1 $72.2 $72.2 $71.8 $71.8 5 $80.2 North East $76.5 East Region $82.1 $90.0 $40.0 Mississippi Valley 16 $75.4 $78.3 tain Region Mountain 16 $82.1 $86.9 tern Region Western 17 $83.8 $85.2 $30.0 $20.0 $10.0 $0.0 © 2013 Risk and Insurance Management Society, Inc. (RIMS) All Respondents IV- 38 North East Mid Atlantic South East Mississippi Valley Mountain Western US Data 2013 Risk Management Compensation Survey Risk Management Analyst Average Compensation by Ownership Type $70.3 $74.0 Private 58 $66.5 $69.8 Government 22 $68.6 $68.6 $60.0 $76.1 104 $74.8 Publicly Traded licly Traded $70.0 $68.6 $72.7 Average Total Comp ($000s) $68.6 $69.6 $69.8 202 $66.5 All Respondents espondents Average Base Salary ($000s) $80.0 $74.0 Average Total Comp ($000s) $70.3 Average Base Salary ($000s) $72.7 # of Resp. $69.6 Ownership Type $50.0 $40.0 $30.0 $20.0 $74.8 $76.1 Other 3 -- -- $10.0 $0.0 15 $0.0 Not-for-Profit $0.0 All Respondents Publicly Traded Private Government Not-for-Profit Other Average Compensation by Revenue Average Base Salary ($000s) Average Total Comp ($000s) 202 $69.6 $72.7 Less than $100 Million 8 $71.2 $74.9 250 Million $100 - $250 Million 8 $74.2 $78.8 500 Million $250 - $500 Million 14 $63.8 $66.4 $500 Million - $1 Billion 24 $65.6 $67.2 - $5 Billion $1 - $5 Billion 50 $73.7 $75.9 - $10 Billion $5 - $10 Billion 25 $64.5 $67.8 Greater than $10 Billion 36 $77.9 $82.8 All Respondents Average Base Salary ($000s) Average Total Comp ($000s) $90.0 $50.0 $77.9 $67.8 $64.5 $75.9 $73.7 $67.2 $65.6 $66.4 $63.8 $78.8 $74.2 $74.9 $71.2 $60.0 $69.6 $70.0 $72.7 $80.0 $82.8 # of Resp. Revenue $40.0 $30.0 $20.0 $10.0 $0.0 All Respondents © 2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 39 Less than $100 Million $100 - $250 Million $250 - $500 Million $500 Million - $1 Billion $1 - $5 Billion $5 - $10 Billion Greater than $10 Billion US Data 2013 Risk Management Compensation Survey Risk Management Analyst Average Compensation by Degree Degree # of Resp. Average Base Salary ($000s) Average Total Comp ($000s) Average Base Salary ($000s) Average Total Comp ($000s) Bachelors 118 $69.1 $72.2 MA/MS 15 $70.8 $74.5 MBA 21 $78.4 $83.2 JD 6 $73.7 $74.6 $83.2 $73.7 $60.0 $78.4 $70.0 $74.5 $69.8 $70.8 $67.5 $72.2 34 $69.1 HS/Associate $80.0 $69.8 $72.7 $67.5 $69.6 $72.7 202 $69.6 All Respondents $74.6 $90.0 $50.0 $40.0 $30.0 $20.0 $10.0 $0.0 All Respondents HS/Associate Bachelors MA/MS MBA JD Average Compensation by Supervisory Responsibility Supervisory Responsibility # of Resp. Average Base Salary ($000s) Average Total Comp ($000s) 202 $69.6 $72.7 Average Base Salary ($000s) Average Total Comp ($000s) $90.0 All Respondents $74.9 $80.0 From 1 to 3 3 -- -- From 3 to 5 0 -- -- More than 5 0 -- -- $60.0 $80.0 1 or Fewer 11 $70.0 $74.9 $72.0 $72.0 $69.1 $69.1 186 $69.6 No $72.7 $80.0 $50.0 $40.0 $30.0 © 2013 Risk and Insurance Management Society, Inc. (RIMS) $0.0 $0.0 $0.0 $0.0 $0.0 $10.0 $0.0 $20.0 $0.0 All Respondents IV- 40 No 1 or Fewer From 1 to 3 From 3 to 5 More than 5 US Data 2013 Risk Management Compensation Survey Risk Management Analyst Average Compensation by Industry # of Resp. Average Base Salary ($000s) Average Total Comp ($000s) All Respondents 202 $69.6 $72.7 All Respondents Chemical/Pharmaceutical/Biotechnology 12 $82.4 $86.5 Chemical/Pharmaceutical/Biotechnology Computer Software/Services 5 $78.3 $79.9 Construction/Engineering/Architectural 7 $68.7 $71.4 Education 6 $69.5 $72.0 Energy 17 $73.2 $78.8 Finance/Banking 9 $71.3 $73.5 Government 11 $67.0 $67.0 Healthcare 9 $71.0 $73.8 Insurance 8 $73.3 $75.1 Insurance 23 $66.6 $69.7 Mfg - Durable (includes Aerospace, Computer/Office Equipment, Electronics) 7 $58.6 $59.8 Mfg - Nondurable (includes Food, Paper & Allied Products) Real Estate 10 $53.6 $56.9 Real Estate Retail 7 $62.0 $63.8 Telecommunications 7 $60.3 $61.4 Transportation 15 $69.5 $75.8 Industry Mfg - Durable (includes Aerospace, Computer/Office Equipment, Electronics) Mfg - Nondurable (includes Food, Paper & Allied Products) Utilities 15 $75.6 Average Base Salary ($000s) $0.0 $20.0 Average Total Comp ($000s) $30.0 $40.0 $50.0 $60.0 $70.0 Education $69.5 $72.0 $73.2 Energy $78.8 $71.3 $73.5 Finance/Banking $67.0 $67.0 Government $71.0 $73.8 Healthcare Transportation Utilities IV- 41 $100.0 $78.3 $79.9 $68.7 $71.4 Telecommunications $90.0 $82.4 $86.5 Construction/Engineering/Architectural Retail $80.0 $69.6 $72.7 Computer Software/Services $78.9 © 2013 Risk and Insurance Management Society, Inc. (RIMS) $10.0 $73.3 $75.1 $66.6 $69.7 $58.6 $59.8 $53.6 $56.9 $62.0 $63.8 $60.3 $61.4 $69.5 $75.8 $75.6 $78.9 US Data 2013 Risk Management Compensation Survey Risk Management Analyst Average Compensation by Region Regions (defined in Section I - 15) # of Resp. Average Base Salary ($000s) Average Total Comp ($000s) Average Base Salary ($000s) Average Total Comp ($000s) $100.0 All Respondents 202 $69.6 $72.7 30 $64.4 $67.2 $69.6 $75.1 South East $60.0 $72.0 East Region $70.0 $73.5 $74.1 $70.7 $69.8 $67.1 31 $64.6 Mid Atlantic $67.2 ntic Region $80.0 $64.4 $85.7 $74.1 $82.5 $69.8 18 $82.5 North East $72.7 East Region $85.7 $90.0 $50.0 $40.0 Mississippi Valley 43 $64.6 $67.1 tain Region Mountain 41 $70.7 $73.5 tern Region Western 39 $72.0 $75.1 $30.0 $20.0 $10.0 $0.0 © 2013 Risk and Insurance Management Society, Inc. (RIMS) All Respondents IV- 42 North East Mid Atlantic South East Mississippi Valley Mountain Western US Data 2013 Risk Management Compensation Survey Claims Analyst Average Compensation by Ownership Type All Respondents 15 $64.2 $66.3 Publicly Traded 9 $67.0 $70.2 Private 1 -- -- Government 1 -- -- espondents licly Traded Average Base Salary ($000s) Average Total Comp ($000s) $80.0 $70.0 $60.0 $70.2 Average Total Comp ($000s) $67.0 Average Base Salary ($000s) $66.3 # of Resp. $64.2 Ownership Type $50.0 $40.0 $30.0 0 -- -- $0.0 Other $10.0 $0.0 -- $0.0 -- $0.0 4 $0.0 Not-for-Profit $0.0 $20.0 $0.0 Private Government Not-for-Profit $0.0 Publicly Traded $0.0 All Respondents Other Average Compensation by Revenue $60.0 0 -- -- $500 Million - $1 Billion 1 -- -- - $5 Billion $1 - $5 Billion 2 -- -- - $10 Billion $5 - $10 Billion 1 -- -- Greater than $10 Billion 0 -- -- $40.0 $30.0 $20.0 $10.0 $0.0 All Respondents © 2013 Risk and Insurance Management Society, Inc. (RIMS) $0.0 500 Million $250 - $500 Million $0.0 -- $0.0 -- $0.0 0 $50.0 $0.0 250 Million $100 - $250 Million $0.0 -- $0.0 -- Average Total Comp ($000s) $0.0 2 $0.0 Less than $100 Million $0.0 $66.3 $0.0 $64.2 $0.0 15 Average Base Salary ($000s) $70.0 $0.0 Average Total Comp ($000s) $0.0 Average Base Salary ($000s) $66.3 All Respondents # of Resp. $64.2 Revenue IV- 43 Less than $100 Million $100 - $250 Million $250 - $500 Million $500 Million - $1 Billion $1 - $5 Billion $5 - $10 Billion Greater than $10 Billion US Data 2013 Risk Management Compensation Survey Claims Analyst Average Compensation by Degree Degree # of Resp. Average Base Salary ($000s) Average Total Comp ($000s) 15 $64.2 $66.3 Average Base Salary ($000s) Average Total Comp ($000s) -- -- Bachelors 9 $59.9 $62.2 MA/MS 0 -- -- $50.0 $62.2 3 $59.9 HS/Associate $66.3 $60.0 $64.2 $70.0 All Respondents $40.0 $30.0 $20.0 $0.0 -- $0.0 -- $0.0 1 $0.0 JD $10.0 $0.0 -- $0.0 -- $0.0 1 $0.0 MBA $0.0 All Respondents HS/Associate Bachelors MA/MS MBA JD Average Compensation by Supervisory Responsibility Supervisory Responsibility # of Resp. Average Base Salary ($000s) Average Total Comp ($000s) Average Base Salary ($000s) Average Total Comp ($000s) $66.3 No 15 $64.2 $66.3 1 or Fewer 0 -- -- From 1 to 3 0 -- -- $60.0 $66.3 $64.2 $64.2 15 $66.3 All Respondents $64.2 $70.0 $50.0 $40.0 $30.0 -- © 2013 Risk and Insurance Management Society, Inc. (RIMS) $0.0 -- $0.0 0 $0.0 More than 5 $10.0 $0.0 -- $0.0 -- $0.0 0 $0.0 From 3 to 5 $0.0 $20.0 $0.0 All Respondents IV- 44 No 1 or Fewer From 1 to 3 From 3 to 5 More than 5 US Data No Breakdowns Available - Insufficient Sample Size Average Compensation by Region Regions (defined in Section I - 15) # of Resp. Average Base Salary ($000s) Average Total Comp ($000s) Average Base Salary ($000s) Average Total Comp ($000s) $64.2 $66.3 North East 0 -- -- $60.0 $61.8 15 $61.5 All Respondents $66.3 $70.0 $50.0 Mid Atlantic 2 -- -$40.0 South East 3 -- -- Mississippi Valley 1 -- -- $20.0 tain Region Mountain 5 $61.5 $61.8 $10.0 tern Region Western 4 -- -- © 2013 Risk and Insurance Management Society, Inc. (RIMS) $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $30.0 $0.0 East Region Average Compensation by Industry $0.0 ntic Region Claims Analyst $64.2 East Region 2013 Risk Management Compensation Survey $0.0 All Respondents IV- 45 North East Mid Atlantic South East Mississippi Valley Mountain Western US Data 2013 Risk Management Compensation Survey This Page Intentionally Blank © 2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 46 2013 Risk Management Compensation Survey Chief Risk Officer | Vice President - Risk Management | Vice President - Strategic and Enterprise Risk Description of Responsibilities: Plans and directs all aspects of an organization's risk management policies, objectives, and initiatives. Responsible for the development and execution of the organization’s enterprise risk and risk appetite frameworks, and related processes to achieve the organization’s short- and long-term strategic, financial and operational goals. Directs the development of the organization’s risk practices as an interrelated risk portfolio to create, capture and protect the enterprise value. Seeks ways to optimize risk decision making in the organization as a competitive advantage, using multiple techniques and solutions. Recognized as a dynamic, proactive and decisive risk leader. Possesses a broadbased operational perspective, an intimate knowledge of internal business processes and understanding of the organization’s industry. Adapts well to and initiates change in the organization. Demonstrates expertise in a variety of the field's concepts, practices, and procedures. Relies on extensive personal leadership skills, network of internal and external alliances, experience and judgment to plan and accomplish goals. Performs a variety of tasks. Leads and directs the work of others. A wide degree of creativity and latitude is expected. Key traits for the individual in this position are: highly developed communications, team player, change agent, strategic and creative, excellent project management skills and the ability to drive performance from all areas within the organization. Position level/Reporting Structure: This person typically reports to the CEO, President, Principal or Executive Director They are identified as the top risk executive in the company and may be the CFO or COO if these positions are identified as the person responsible for all activities relating to risk within the organization. Cash Compensation (All dollar amounts are displayed in USD $000s) Base Salary Scope # of Resp. All Respondents 211 Bonus Amount 50th pct Average 25th pct (median) 75th pct $184.2 $148.5 $178.0 $206.0 # of Resp. 165 Target Bonus 50th pct Average 25th pct (median) 75th pct $55.5 $30.0 $45.0 $70.0 # of Resp. Average 113 33.0% 50th pct (median) # of Resp. 30.0% 211 Total Cash Compensation Yrs. In Risk Mgmt 50th pct Average 25th pct (median) 75th pct Average 50th pct (median) 20.5 20.0 $227.6 $170.0 $223.0 $265.0 Ownership Type Publicly Traded Private Government Not-for-Profit Other # of Resp. 93 80 12 24 2 50th pct Average 25th pct (median) 75th pct $192.8 $160.0 $197.0 $215.0 $175.7 $140.0 $169.5 $200.0 $155.0 $126.0 $148.0 $159.3 $196.4 $160.0 $197.5 $217.5 ----- # of Resp. 74 67 6 18 0 50th pct Average 25th pct (median) 75th pct $65.1 $40.0 $54.5 $80.0 $52.3 $20.0 $43.0 $65.0 $27.3 -$15.0 -$37.5 $30.0 $35.1 $40.0 ----- # of Resp. Average 60 37.0% 40 32.0% 4 -9 23.0% 0 -- 50th pct (median) 30.0% 25.0% -20.0% -- # of Resp. 93 80 12 24 2 50th pct Average 25th pct (median) 75th pct $244.7 $190.7 $235.0 $275.0 $219.4 $169.5 $201.5 $250.0 $168.6 $126.0 $157.4 $169.2 $224.5 $172.0 $230.0 $269.5 ----- Average 21.1 19.8 18.3 22.1 -- 50th pct (median) 21.0 20.0 17.5 26.0 -- Revenue Less than $100 Million $100 - $250 Million $250 - $500 Million $500 Million - $1 Billion $1 - $5 Billion $5 - $10 Billion Greater than $10 Billion # of Resp. 24 18 9 28 75 21 34 50th pct Average 25th pct (median) 75th pct $157.4 $120.5 $157.5 $185.0 $149.1 $130.0 $146.3 $170.0 $195.9 -$155.0 -$183.5 $145.8 $165.5 $222.5 $183.4 $155.0 $185.0 $210.0 $192.0 $166.0 $190.0 $200.0 $215.8 $180.0 $206.0 $250.0 # of Resp. 14 18 4 23 61 16 27 50th pct Average 25th pct (median) 75th pct $46.3 $18.0 $32.5 $50.0 $29.6 $12.0 $21.3 $45.0 ----$54.4 $25.0 $40.0 $65.0 $58.3 $30.0 $49.0 $70.0 $54.2 $33.5 $47.5 $72.5 $76.1 $50.0 $60.0 $90.0 # of Resp. Average 5 18.0% 11 33.0% 3 -13 40.0% 44 33.0% 12 31.0% 24 37.0% 50th pct (median) 20.0% 25.0% -40.0% 30.0% 30.0% 30.0% # of Resp. 24 18 9 28 75 21 34 50th pct Average 25th pct (median) 75th pct $184.4 $139.5 $167.0 $231.5 $178.8 $145.0 $177.2 $205.0 $214.8 -$170.0 -$228.2 $169.0 $217.0 $272.4 $230.8 $178.0 $225.0 $274.0 $233.3 $190.7 $228.0 $266.5 $276.2 $226.0 $253.0 $335.0 Average 17.7 17.4 20.2 20.6 21.6 23.2 20.3 50th pct (median) 18.0 17.0 20.0 21.0 23.0 25.0 20.0 Degree High School/Associate Degree Bachelors MA/MS MBA JD Ph.D # of Resp. 14 97 18 56 17 2 50th pct Average 25th pct (median) 75th pct $175.2 $130.0 $163.0 $215.0 $179.7 $148.0 $175.0 $200.0 $165.6 $135.0 $154.0 $190.0 $188.7 $158.0 $192.5 $206.0 $219.9 $169.0 $215.0 $235.0 ----- # of Resp. 11 73 15 49 9 1 50th pct Average 25th pct (median) 75th pct $49.7 $13.0 $40.0 $73.0 $55.9 $30.0 $45.0 $66.0 $47.4 $16.5 $37.5 $50.0 $63.8 $35.0 $52.0 $90.0 $43.4 -$43.5 ------ # of Resp. Average 4 -51 34.0% 8 27.0% 38 34.0% 6 33.0% 1 -- 50th pct (median) -30.0% 20.0% 30.0% 28.0% -- # of Resp. 14 97 18 56 17 2 50th pct Average 25th pct (median) 75th pct $214.3 $140.0 $208.5 $275.0 $221.7 $169.0 $211.2 $250.0 $205.1 $145.0 $187.5 $231.0 $244.5 $190.3 $235.0 $297.5 $242.9 $188.5 $235.0 $265.0 ----- Average 25.7 20.6 21.7 19.3 19.1 -- 50th pct (median) 27.0 20.0 21.0 20.0 18.0 -- Supervisory Responsibility No 1 or Fewer From 1 to 3 From 3 to 5 More than 5 # of Resp. 16 15 46 44 62 50th pct Average 25th pct (median) 75th pct $161.7 $121.8 $152.5 $197.5 $163.8 $137.5 $148.5 $198.0 $175.1 $144.0 $171.5 $200.0 $185.7 $154.0 $185.0 $207.5 $197.6 $153.0 $192.5 $232.0 # of Resp. 11 12 36 37 45 50th pct Average 25th pct (median) 75th pct $51.2 $25.0 $35.0 $88.0 $27.2 $10.0 $20.4 $42.5 $54.4 $37.5 $48.0 $60.0 $57.1 $35.0 $50.0 $73.0 $60.6 $20.0 $45.0 $80.0 # of Resp. Average 10 35.0% 8 25.0% 27 32.0% 23 34.0% 32 33.0% 50th pct (median) 30.0% 28.0% 30.0% 30.0% 30.0% # of Resp. 16 15 46 44 62 50th pct Average 25th pct (median) 75th pct $196.9 $142.8 $177.5 $227.5 $185.6 $140.0 $188.0 $230.0 $217.6 $170.0 $211.0 $250.0 $233.7 $181.5 $232.5 $274.5 $241.6 $169.4 $225.5 $281.0 Average 19.7 22.5 19.8 20.5 20.3 50th pct (median) 16.0 25.0 20.0 22.5 20.0 © 2013 Risk and Insurance Management Society, Inc. (RIMS) V-1 US Data 2013 Risk Management Compensation Survey Chief Risk Officer | Vice President - Risk Management | Vice President - Strategic and Enterprise Risk Description of Responsibilities: Plans and directs all aspects of an organization's risk management policies, objectives, and initiatives. Responsible for the development and execution of the organization’s enterprise risk and risk appetite Cash Compensation dollarto amounts areorganization’s displayed inshortUSD and $000s) frameworks, and related(All processes achieve the long-term strategic, financial and operational goals. Directs the development of the organization’s risk practices as an interrelated risk portfolio to create, capture and protect the enterprise value. Seeks ways to optimize risk decision making in the organization as a competitive advantage, using multiple techniques and solutions. Recognized as a dynamic, proactive and decisive risk leader. Possesses a broadBase Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt Scope based operational perspective, an intimate knowledge of internal business processes and understanding of the organization’s industry. Adapts well to and initiates change in the organization. Demonstrates expertise in a variety of the field's concepts, practices, and procedures. Relies on extensive personal leadership skills, network of internal and external alliances, experience and judgment to plan and accomplish goals. Performs a variety of tasks. Leads and directs the work ofpct # of 50th pct # of 50th pct 50th pct # of 50th pct 50th others. A wide degree of creativity and latitude isResp. expected. Key traits individual this position highly25th developed communications, player, change (median) agent, strategic and creative, project management skills and(median) the Industry Average 25thfor pctthe (median) 75thinpct Resp. are: Average pct (median) 75th pct #team of Resp. Average Resp. Average excellent 25th pct (median) 75th pct Average ability to drive performance from all areas within the Agriculture 3 organization. ----3 ----2 --3 ------Business/Info 8 $172.6 -$175.0 -7 $36.9 -$45.0 -4 --8 $204.8 -$210.3 -19.4 20.5 Position level/Reporting Structure: This person typically reports to the CEO, President, Principal or Executive Director They are identified as the top risk executive in the company and may be the CFO or COO if these positions are identified as Services/Consulting/Legal/Accounting the person responsible for all activities relating to risk Chemical/Pharmaceutical/Biotechnology 3 within--the organization. ---3 ----1 --3 ------Computer Software/Services 1 ----1 ----0 --1 ------Construction/Engineering/Architectural 6 $168.6 -$165.5 -3 ----0 --6 $179.2 -$179.8 -29.3 30.5 Education 3 ----0 ----0 --3 ------Energy 8 $171.4 -$168.5 -8 $50.6 -$59.5 -6 25.0% 25.0% 8 $222.0 -$230.5 -16.4 14.5 Entertainment & Media 6 $199.8 -$212.0 -6 $37.7 -$32.5 -3 --6 $237.5 -$247.5 -25.3 25.0 Finance/Banking 7 $183.2 -$180.0 -6 $59.6 -$66.3 -4 --7 $234.3 -$270.0 -17.0 18.0 Government 4 ----1 ----0 --4 ------Healthcare 22 $192.0 $153.0 $177.3 $215.0 17 $34.0 $25.0 $35.0 $45.0 8 20.0% 20.0% 22 $218.3 $156.0 $215.6 $265.0 22.4 26.0 Hospitality 8 $180.1 -$171.8 -6 $39.3 -$32.5 -5 24.0% 25.0% 8 $209.6 -$200.0 -19.3 19.0 Insurance 13 $221.9 $169.0 $200.0 $235.0 7 $37.6 -$40.0 -6 27.0% 30.0% 13 $242.2 $188.0 $233.0 $250.0 21.0 25.0 Mfg - Durable (includes Aerospace, 16 $187.8 $155.0 $171.3 $217.5 13 $67.0 $40.0 $56.0 $83.8 11 32.0% 30.0% 16 $242.2 $178.0 $211.5 $275.0 21.3 22.5 Computer/Office Equipment, Electronics) Mfg - Nondurable (includes Food, Paper & Allied 10 $186.7 $148.5 $182.5 $231.0 10 $68.4 $48.8 $68.0 $101.5 6 40.0% 33.0% 10 $255.0 $197.3 $258.2 $297.0 23.3 23.5 Products) Mining/Milling/Smelting 2 ----2 ----2 --2 ------Not-for-Profit 2 ----1 ----0 --2 ------Real Estate 19 $165.5 $135.0 $155.0 $200.0 16 $57.6 $32.5 $47.5 $76.0 11 35.0% 35.0% 19 $214.0 $170.0 $200.0 $255.0 20.7 20.0 Research & Development 0 ----0 ----0 --0 ------Retail 15 $190.0 $160.0 $190.0 $215.0 12 $60.3 $32.5 $47.8 $74.0 10 46.0% 35.0% 15 $238.2 $190.0 $223.0 $275.0 20.1 20.0 Service 11 $161.0 $125.0 $150.0 $200.0 10 $42.2 $32.0 $35.0 $50.0 6 21.0% 25.0% 11 $199.4 $150.0 $185.0 $240.0 17.0 12.5 Telecommunications 1 ----1 ----1 --1 ------Transportation 14 $174.3 $146.0 $175.0 $200.0 11 $69.8 $15.0 $45.0 $105.0 10 28.0% 28.0% 14 $229.2 $169.0 $222.5 $240.0 18.3 18.0 Utilities 7 $201.6 -$232.0 -5 $145.1 -$108.0 -4 --7 $305.3 -$279.9 -18.6 20.0 Wholesale Distribution 9 $186.5 -$178.0 -7 $42.4 -$50.0 -6 56.0% 53.0% 9 $219.5 -$220.0 -23.3 23.0 Other 13 $189.9 $165.0 $200.0 $206.0 9 $81.7 -$78.0 -7 34.0% 30.0% 13 $246.4 $225.0 $240.0 $305.0 19.7 22.0 Regions (defined in Section I - 15) North East Region Mid Atlantic Region South East Region Mississippi Valley Region Mountain Region Western Region # of Resp. 34 23 28 50 41 35 50th pct Average 25th pct (median) 75th pct $189.0 $160.0 $185.0 $205.0 $179.5 $144.9 $176.0 $200.0 $168.5 $144.3 $156.9 $197.5 $193.8 $150.0 $182.5 $215.0 $170.2 $139.7 $169.0 $200.0 $197.6 $152.9 $200.0 $232.0 © 2013 Risk and Insurance Management Society, Inc. (RIMS) # of Resp. 26 19 22 38 35 25 50th pct Average 25th pct (median) 75th pct $57.3 $35.0 $52.5 $80.0 $67.5 $35.0 $56.0 $105.0 $43.2 $20.0 $40.8 $56.0 $66.1 $30.0 $50.8 $72.0 $40.9 $15.0 $40.0 $54.0 $59.9 $25.0 $40.0 $73.0 V-2 # of Resp. Average 23 36.0% 10 37.0% 16 27.0% 28 35.0% 23 29.0% 13 36.0% 50th pct (median) 30.0% 30.0% 25.0% 30.0% 25.0% 30.0% # of Resp. 34 23 28 50 41 35 50th pct Average 25th pct (median) 75th pct $232.8 $185.0 $220.6 $275.0 $235.2 $185.0 $235.0 $266.5 $202.5 $166.9 $194.3 $230.0 $244.0 $175.0 $222.5 $270.0 $205.0 $157.2 $200.0 $240.0 $240.4 $156.0 $238.0 $283.0 Average 20.3 23.4 17.9 21.6 18.2 22.3 50th pct (median) 20.5 23.0 18.5 21.0 17.0 24.0 US Data 2013 Risk Management Compensation Survey Chief Risk Officer | Vice President - Risk Management | Vice President - Strategic and Enterprise Risk Description of Responsibilities: Plans and directs all aspects of an organization's risk management policies, objectives, and initiatives. Responsible for the development and execution of the organization’s enterprise risk and risk appetite Cash Compensation dollarto amounts areorganization’s displayed inshortUSD and $000s) frameworks, and related(All processes achieve the long-term strategic, financial and operational goals. Directs the development of the organization’s risk practices as an interrelated risk portfolio to create, capture and protect the enterprise value. Seeks ways to optimize risk decision making in the organization as a competitive advantage, using multiple techniques and solutions. Recognized as a dynamic, proactive and decisive risk leader. Possesses a broadBase Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt Scope based operational perspective, an intimate knowledge of internal business processes and understanding of the organization’s industry. Adapts well to and initiates change in the organization. Demonstrates expertise in a variety of the field's concepts, practices, and procedures. Relies on extensive personal leadership skills, network of internal and external alliances, experience and judgment to plan and accomplish goals. Performs a variety of tasks. Leads and directs the work ofpct # of 50th pct # of 50th pct 50th pct # of 50th pct 50th others. A wide degree of creativity and latitude isResp. expected. Key traits individual this position highly25th developed communications, player, change (median) agent, strategic and creative, project management skills and(median) the State Average 25thfor pctthe (median) 75thinpct Resp. are: Average pct (median) 75th pct #team of Resp. Average Resp. Average excellent 25th pct (median) 75th pct Average ability to drive performance from all areas within the CA 26 organization. $204.1 $165.0 $200.0 $235.0 21 $46.9 $25.0 $40.0 $55.0 10 31.0% 35.0% 26 $242.0 $200.0 $241.0 $283.0 22.5 24.5 CO 9 $151.6 -$156.0 -7 $24.7 -$17.5 -5 27.0% 20.0% 9 $170.8 -$164.5 -19.3 17.0 Position level/Reporting Structure: This person typically reports the CEO, President, Principal or 8Executive Director--They are identified--as the top6risk executive company and be the CFO or COO if these$249.0 positions are identified as FL 11 $178.4 to $155.0 $169.0 $200.0 $40.1 $37.5 28.0% in the 25.0% 11 may$207.6 $164.7 $201.0 18.5 20.0 the person responsible for all activities relating to risk the organization. GA 7 within $170.6 -$172.0 -5 $54.2 -$45.0 -4 --7 $209.3 -$200.0 -16.0 12.0 IL 15 $224.1 $148.5 $191.0 $270.0 12 $60.1 $35.0 $45.4 $63.0 8 39.0% 33.0% 15 $272.2 $178.0 $248.1 $335.0 19.9 19.0 MA 5 $165.1 -$155.0 -5 $46.0 -$50.0 -5 29.0% 30.0% 5 $211.1 -$190.7 -21.8 21.0 MI 6 $166.4 -$165.8 -4 ----3 --6 $188.3 -$176.8 -20.3 17.5 MO 6 $162.5 -$152.5 -4 ----3 --6 $188.5 -$170.0 -27.0 27.0 NJ 11 $178.6 $165.0 $170.0 $200.0 8 $41.6 -$40.5 -8 33.0% 23.0% 11 $208.9 $170.0 $205.0 $235.0 17.7 18.0 NY 12 $229.4 $199.0 $225.0 $262.0 11 $74.0 $60.0 $85.0 $90.0 9 47.0% 30.0% 12 $297.3 $250.5 $305.0 $361.5 22.3 28.5 OH 9 $209.0 -$214.0 -7 $96.9 -$60.0 -5 32.0% 25.0% 9 $284.3 -$244.0 -23.0 25.0 PA 13 $158.6 $140.0 $160.0 $180.0 12 $71.0 $40.0 $58.0 $103.2 7 36.0% 30.0% 13 $224.1 $185.0 $235.0 $245.0 21.9 22.0 TN 7 $156.9 -$145.0 -6 $41.3 -$31.8 -5 24.0% 25.0% 7 $192.2 -$160.0 -15.2 12.5 TX 21 $178.2 $160.0 $172.5 $200.0 19 $40.6 $20.8 $40.0 $54.0 12 28.0% 28.0% 21 $214.9 $170.0 $228.0 $250.0 20.7 23.0 WA 5 $184.2 -$202.0 -3 ----2 --5 $206.8 -$237.0 -20.4 18.0 WI 8 $188.8 -$193.0 -6 $90.8 -$62.5 -4 --8 $256.9 -$254.3 -18.1 20.5 Cash Compensation (All dollar amounts are displayed in USD $000s) Base Salary Scope Bonus Amount 50th pct Average 25th pct (median) 75th pct Metro Area # of Resp. Atlanta, GA 6 $174.0 -- $178.5 -- 4 -- -- -- -- 3 Boston-Worcester-Lawrence, MA-NH-ME-CT 5 $165.1 -- $155.0 -- 5 $46.0 -- $50.0 -- 5 Chicago-Gary-Kenosha, IL-IN-WI Dallas-Fort Worth, TX Denver-Boulder-Greeley, CO Houston-Galveston-Brazoria, TX 14 12 9 6 $215.8 $176.4 $151.6 $169.3 $148.5 $162.5 --- $188.0 $178.0 $156.0 $160.5 $248.1 $195.0 --- 11 10 7 6 $62.9 $43.3 $24.7 $39.8 $35.0 $32.0 --- $48.8 $42.5 $17.5 $37.5 $66.0 $54.0 --- 8 6 5 3 Los Angeles-Riverside-Orange County, CA 17 $194.6 $156.0 $195.0 $226.6 13 $50.0 $18.0 $40.0 $55.0 Milwaukee-Racine, WI New York-Northern New Jersey-Long Island, NYNJ-CT-PA Philadelphia-Wilmington-Atlantic City, PA-NJ-DEMD San Francisco-Oakland-San Jose, CA Washington-Baltimore, DC-MD-VA-WV 5 $184.4 -- $186.0 -- 4 -- -- -- -- 23 $202.8 $165.0 $198.0 $225.0 17 $62.5 $35.0 $60.0 8 $154.9 -- $152.5 -- 7 $62.5 -- 7 6 $219.1 $228.7 --- $226.0 $242.0 --- 6 4 $46.7 -- --- © 2013 Risk and Insurance Management Society, Inc. (RIMS) # of Resp. Target Bonus 50th pct Average 25th pct (median) 75th pct Total Cash Compensation Yrs. In Risk Mgmt 50th pct Average 25th pct (median) 75th pct Average 50th pct (median) 50th pct (median) # of Resp. -- -- 6 $213.3 -- $205.0 -- 18.0 16.0 29.0% 30.0% 5 $211.1 -- $190.7 -- 21.8 21.0 39.0% 24.0% 27.0% -- 33.0% 28.0% 20.0% -- 14 12 9 6 $265.2 $212.5 $170.8 $209.2 $178.0 $167.5 --- $237.5 $225.3 $164.5 $202.5 $297.0 $253.1 --- 20.4 22.6 19.3 21.7 20.5 24.5 17.0 25.0 7 29.0% 30.0% 17 $232.8 $169.4 $235.0 $283.0 23.0 25.0 4 -- -- 5 $251.3 -- $251.0 -- 18.4 18.0 $85.0 17 39.0% 30.0% 23 $249.0 $190.0 $231.0 $295.0 19.0 18.0 $50.0 -- 3 -- -- 8 $209.6 -- $208.5 -- 24.0 23.5 $37.5 -- --- 3 2 --- --- 7 6 $259.1 $274.3 --- $265.0 $245.0 --- 21.0 26.8 22.0 25.0 V-3 # of Resp. Average US Data 2013 Risk Management Compensation Survey Chief Risk Officer | Vice President - Risk Management | Vice President - Strategic and Enterprise Risk Description of Responsibilities: Plans and directs all aspects of an organization's risk management policies, objectives, and initiatives. Responsible for the development and execution of the organization’s enterprise risk and risk appetite frameworks, and Characteristics related processes to achieve the organization’s short- and long-term strategic, financial and operational goals. Directs the development of the organization’s risk practices as an interrelated risk portfolio to create, capture and Respondent protect the enterprise value. Seeks ways to optimize risk decision making in the organization as a competitive advantage, using multiple techniques and solutions. Recognized as a dynamic, proactive and decisive risk leader. Possesses a broadbased operational perspective, an intimate knowledge of internal business processes and understanding of the organization’s industry. Adapts well to and initiates change in the organization. Demonstrates expertise in a variety of the field's Gender Long-Term Incentive Eligible concepts, practices, and procedures. Relies on extensive personal leadership skills, network of internal and external alliances, experience and judgment to plan and accomplish goals. Performs a variety of tasks. Leads and directs the work of Male 67.3% Yes 59.2% team player, change agent, strategic and creative, excellent project management skills and the others. A wide degree of creativity and latitude is expected. Key traits for the individual in this position are: highly developed communications, ability to drive performance from all areas within the organization. Female 29.4% No 40.8% Did Not Indicate 3.3% Did Not Indicate 0.0% 6.6% Incentive Stock Options (ISOs) 31.2% Non-Qualified Stock Options (NQSOs) 14.4% Restricted Stock 52.8% Stock Appreciation Rights (SARs) 11.2% Position level/Reporting Structure: This person typically reports to the CEO, President, Principal or Executive Director They are identified as the top risk executive in the company and may be the CFO or COO if these positions are identified as the person responsible for all activities relating to risk within the organization. Degree High School/Associate Degree Bachelors MA/MS MBA Type of Long-term Incentives Received* 46.0% 8.5% 26.5% JD 8.1% Performance Shares 13.6% MD 0.0% Performance Units 11.2% Ph.D 0.9% Long-Term Cash 17.6% Other 3.3% None of the Above Received * Only includes those eligible for LTI Type of Organization Where Employed 3.2% Supervise Individuals Parent 85.8% Yes 92.4% Division 3.3% No 7.6% Subsidiary 2.8% Single Location 4.7% Other 3.3% © 2013 Risk and Insurance Management Society, Inc. (RIMS) V-4 US Data 2013 Risk Management Compensation Survey Director - Business Continuity/Financial/IT Risk Management Combination of data from the Director - Business Continuity Management, Director - Financial Risk Management (Commodity, Credit, Interest Rates, and/or Foreign Currency), & Director - IT Risk Management positions. See pages 9 though 14 in Section I of this report for a detailed job description of all positions. Cash Compensation (All dollar amounts are displayed in USD $000s) Base Salary Scope # of Resp. All Respondents 22 Bonus Amount 50th pct Average 25th pct (median) 75th pct $141.7 $125.0 $145.9 $153.0 # of Resp. 19 Target Bonus 50th pct Average 25th pct (median) 75th pct $28.5 $15.0 $25.0 $43.0 # of Resp. Average 16 26.0% 50th pct (median) # of Resp. 23.0% 22 Total Cash Compensation Yrs. In Risk Mgmt 50th pct Average 25th pct (median) 75th pct Average 50th pct (median) 12.3 12.5 $166.4 $140.0 $162.2 $183.0 Ownership Type Publicly Traded Private Government Not-for-Profit Other # of Resp. 10 6 0 5 1 50th pct Average 25th pct (median) 75th pct $144.3 $130.0 $146.5 $153.0 $139.8 -$144.5 -----$148.5 -$145.7 ------ # of Resp. 8 6 0 4 1 50th pct Average 25th pct (median) 75th pct $33.7 -$29.0 -$29.7 -$26.0 -------------- # of Resp. Average 9 28.0% 4 -0 -2 -1 -- 50th pct (median) 25.0% ----- # of Resp. 10 6 0 5 1 50th pct Average 25th pct (median) 75th pct $171.3 $140.0 $168.8 $190.0 $169.5 -$169.0 -----$163.7 -$153.5 ------ Average 9.3 16.2 -14.0 -- 50th pct (median) 8.0 15.0 -15.0 -- Revenue Less than $100 Million $100 - $250 Million $250 - $500 Million $500 Million - $1 Billion $1 - $5 Billion $5 - $10 Billion Greater than $10 Billion # of Resp. 2 2 4 2 7 1 3 50th pct Average 25th pct (median) 75th pct ----------------$145.2 -$146.0 ---------- # of Resp. 2 2 2 2 6 1 3 50th pct Average 25th pct (median) 75th pct ----------------$28.6 -$26.0 ---------- # of Resp. Average 2 -1 -2 -2 -5 28.0% 1 -3 -- 50th pct (median) ----25.0% --- # of Resp. 2 2 4 2 7 1 3 50th pct Average 25th pct (median) 75th pct ----------------$169.6 -$175.0 ---------- Average ----13.9 --- 50th pct (median) ----14.0 --- Degree High School/Associate Degree Bachelors MA/MS MBA JD Ph.D # of Resp. 0 6 5 11 0 0 50th pct Average 25th pct (median) 75th pct ----$143.3 -$137.9 -$164.6 -$155.0 -$130.5 $103.0 $140.0 $153.0 --------- # of Resp. 0 5 5 9 0 0 50th pct Average 25th pct (median) 75th pct ----$30.2 -$20.0 -$32.0 -$28.0 -$25.7 -$22.0 ---------- # of Resp. Average 0 -2 -4 -10 27.0% 0 -0 -- 50th pct (median) ---23.0% --- # of Resp. 0 6 5 11 0 0 50th pct Average 25th pct (median) 75th pct ----$168.4 -$151.8 -$196.6 -$183.0 -$151.5 $113.0 $161.5 $176.0 --------- Average -15.1 12.4 10.7 --- 50th pct (median) -16.5 15.0 10.0 --- Supervisory Responsibility No 1 or Fewer From 1 to 3 From 3 to 5 More than 5 # of Resp. 3 2 5 6 2 50th pct Average 25th pct (median) 75th pct --------$135.2 -$130.0 -$153.7 -$147.2 ------ # of Resp. 3 2 4 4 2 50th pct Average 25th pct (median) 75th pct --------------------- # of Resp. Average 2 -1 -3 -5 27.0% 2 -- 50th pct (median) ---20.0% -- # of Resp. 3 2 5 6 2 50th pct Average 25th pct (median) 75th pct --------$160.8 -$150.0 -$178.5 -$171.5 ------ Average --13.2 12.3 -- 50th pct (median) --14.0 12.5 -- © 2013 Risk and Insurance Management Society, Inc. (RIMS) V-5 US Data 2013 Risk Management Compensation Survey Director - Business Continuity/Financial/IT Risk Management Combination of data from the Director - Business Continuity Management, Director - Financial Risk Management (Commodity, Credit, Interest Rates, and/or Foreign Currency), & Director - IT Risk Management positions. Cash Compensation (All dollar amounts are displayed in USD $000s) See pages 9 though 14 in Section I of this report for a detailed job description of all positions. Base Salary Scope Industry Agriculture Business/Info Services/Consulting/Legal/Accounting Chemical/Pharmaceutical/Biotechnology Computer Software/Services Construction/Engineering/Architectural Education Energy Entertainment & Media Finance/Banking Government Healthcare Hospitality Insurance Mfg - Durable (includes Aerospace, Computer/Office Equipment, Electronics) Mfg - Nondurable (includes Food, Paper & Allied Products) Mining/Milling/Smelting Not-for-Profit Real Estate Research & Development Retail Service Telecommunications Transportation Utilities Wholesale Distribution Other Regions (defined in Section I - 15) North East Region Mid Atlantic Region South East Region Mississippi Valley Region Mountain Region Western Region # of Resp. 50th pct Average 25th pct (median) 75th pct Bonus Amount # of Resp. Target Bonus 50th pct Average 25th pct (median) 75th pct # of Resp. Average 50th pct (median) # of Resp. Total Cash Compensation Yrs. In Risk Mgmt 50th pct Average 25th pct (median) 75th pct Average 50th pct (median) 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- -- 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- -- 1 0 0 1 0 0 4 0 1 3 0 ------------ ------------ ------------ ------------ 1 0 0 1 0 0 3 0 1 3 0 ------------ ------------ ------------ ------------ 0 0 0 0 0 0 4 0 1 3 0 ------------ ------------ 1 0 0 1 0 0 4 0 1 3 0 ------------ ------------ ------------ ------------ ------------ ------------ 1 -- -- -- -- 0 -- -- -- -- 1 -- -- 1 -- -- -- -- -- -- 2 -- -- -- -- 2 -- -- -- -- 1 -- -- 2 -- -- -- -- -- -- 1 0 1 0 1 0 1 0 3 0 2 ------------ ------------ ------------ ------------ 1 0 1 0 1 0 1 0 2 0 2 ------------ ------------ ------------ ------------ 1 0 1 0 1 0 1 0 1 0 1 ------------ ------------ 1 0 1 0 1 0 1 0 3 0 2 ------------ ------------ ------------ ------------ ------------ ------------ 50th pct (median) ------- # of Resp. 6 3 3 3 4 3 Average 15.7 ------ 50th pct (median) 15.0 ------ # of Resp. 6 3 3 3 4 3 50th pct Average 25th pct (median) 75th pct $136.8 -$147.9 ---------------------- © 2013 Risk and Insurance Management Society, Inc. (RIMS) # of Resp. 6 3 1 3 3 3 50th pct Average 25th pct (median) 75th pct $32.0 -$26.0 ---------------------- V-6 # of Resp. Average 4 -3 -2 -2 -4 -1 -- 50th pct Average 25th pct (median) 75th pct $168.8 -$169.0 ---------------------- US Data 2013 Risk Management Compensation Survey Director - Business Continuity/Financial/IT Risk Management Combination of data from the Director - Business Continuity Management, Director - Financial Risk Management (Commodity, Credit, Interest Rates, and/or Foreign Currency), & Director - IT Risk Management positions. Cash Compensation (All dollar amounts are displayed in USD $000s) See pages 9 though 14 in Section I of this report for a detailed job description of all positions. Base Salary Scope # of Resp. State 50th pct Average 25th pct (median) 75th pct Bonus Amount # of Resp. 50th pct Average 25th pct (median) 75th pct Target Bonus # of Resp. Average 50th pct (median) # of Resp. Total Cash Compensation Yrs. In Risk Mgmt 50th pct Average 25th pct (median) 75th pct Average Total Cash Compensation Yrs. In Risk Mgmt 50th pct Average 25th pct (median) 75th pct Average 50th pct (median) No Breakdowns Available - Insufficient Sample Size Cash Compensation (All dollar amounts are displayed in USD $000s) Base Salary Scope Metro Area # of Resp. Bonus Amount 50th pct Average 25th pct (median) 75th pct # of Resp. 50th pct Average 25th pct (median) 75th pct Target Bonus # of Resp. Average 50th pct (median) # of Resp. 50th pct (median) No Breakdowns Available - Insufficient Sample Size © 2013 Risk and Insurance Management Society, Inc. (RIMS) V-7 US Data 2013 Risk Management Compensation Survey Director - Business Continuity/Financial/IT Risk Management Combination of data from the Director - Business Continuity Management, Director - Financial Risk Management (Commodity, Credit, Interest Rates, and/or Foreign Currency), & Director - IT Risk Management positions. Respondent Characteristics See pages 9 though 14 in Section I of this report for a detailed job description of all positions. Gender Long-Term Incentive Eligible Male 72.7% Yes 36.4% Female 27.3% No 63.6% Did Not Indicate 0.0% Did Not Indicate 0.0% Incentive Stock Options (ISOs) 0.0% Degree High School/Associate Degree 0.0% Type of Long-term Incentives Received* Bachelors 27.3% Non-Qualified Stock Options (NQSOs) 0.0% MA/MS 22.7% Restricted Stock 0.0% MBA 50.0% Stock Appreciation Rights (SARs) 0.0% JD 0.0% Performance Shares 0.0% MD 0.0% Performance Units 0.0% Ph.D 0.0% Long-Term Cash 0.0% Other 0.0% None of the Above Received * Only includes those eligible for LTI 0.0% Type of Organization Where Employed Supervise Individuals Parent 77.3% Yes 86.4% Division 4.5% No 13.6% Subsidiary Single Location Other 4.5% 13.6% 0.0% © 2013 Risk and Insurance Management Society, Inc. (RIMS) V-8 US Data 2013 Risk Management Compensation Survey Director - Enterprise Risk Management (ERM)/Strategic Risk Management / Risk Intelligence Combination of data from the Director - Enterprise Risk Management (ERM) & Director - Strategic Risk Management / Risk Intelligence positions. See pages 9 though 14 in Section I of this report for a detailed job description of all positions. Cash Compensation (All dollar amounts are displayed in USD $000s) Base Salary Scope # of Resp. All Respondents 123 Bonus Amount 50th pct Average 25th pct (median) 75th pct $135.3 $112.7 $130.0 $157.2 # of Resp. 82 Target Bonus 50th pct Average 25th pct (median) 75th pct $25.1 $9.0 $20.0 $33.0 # of Resp. Average 59 19.0% 50th pct (median) # of Resp. 20.0% 123 Total Cash Compensation Yrs. In Risk Mgmt 50th pct Average 25th pct (median) 75th pct Average 50th pct (median) 14.5 13.0 $152.0 $120.0 $135.0 $180.0 Ownership Type Publicly Traded Private Government Not-for-Profit Other # of Resp. 50 31 21 19 2 50th pct Average 25th pct (median) 75th pct $150.4 $120.0 $147.5 $171.7 $128.5 $106.0 $120.0 $150.0 $110.1 $90.0 $112.0 $120.0 $136.3 $120.0 $132.0 $154.0 ----- # of Resp. 41 23 3 13 2 50th pct Average 25th pct (median) 75th pct $30.0 $14.0 $28.0 $35.0 $17.3 $7.0 $12.0 $24.0 ----$29.3 $9.6 $20.0 $30.0 ----- # of Resp. Average 32 22.0% 16 19.0% 1 -8 14.0% 2 -- 50th pct (median) 20.0% 15.0% -12.0% -- # of Resp. 50 31 21 19 2 50th pct Average 25th pct (median) 75th pct $175.0 $133.0 $166.5 $205.0 $141.3 $110.0 $127.0 $163.0 $110.4 $90.0 $113.6 $120.0 $156.4 $131.1 $143.0 $178.0 ----- Average 15.2 15.0 15.3 12.4 -- 50th pct (median) 13.0 12.0 13.0 10.0 -- Revenue Less than $100 Million $100 - $250 Million $250 - $500 Million $500 Million - $1 Billion $1 - $5 Billion $5 - $10 Billion Greater than $10 Billion # of Resp. 10 6 12 16 46 9 13 50th pct Average 25th pct (median) 75th pct $118.6 $105.0 $111.3 $123.5 $127.7 -$120.5 -$118.5 $104.0 $117.5 $128.0 $131.8 $105.5 $125.5 $157.5 $139.9 $120.0 $132.5 $156.0 $150.2 -$157.2 -$161.7 $145.0 $167.0 $180.0 # of Resp. 5 3 9 6 36 5 12 50th pct Average 25th pct (median) 75th pct $22.1 -$17.0 -----$14.5 -$8.0 -$37.0 -$10.0 -$21.3 $10.0 $20.0 $30.0 $39.0 -$31.5 -$41.0 $26.1 $36.8 $63.9 # of Resp. Average 4 -2 -6 15.0% 2 -30 20.0% 6 23.0% 6 21.0% 50th pct (median) --13.0% -20.0% 23.0% 20.0% # of Resp. 10 6 12 16 46 9 13 50th pct Average 25th pct (median) 75th pct $129.6 $105.0 $115.0 $129.7 $138.3 -$126.0 -$129.3 $113.0 $121.0 $130.0 $145.7 $108.5 $136.8 $162.5 $156.5 $128.5 $155.5 $175.0 $171.8 -$185.0 -$199.5 $155.0 $202.5 $250.0 Average 16.7 11.3 17.9 13.0 15.1 13.3 14.5 50th pct (median) 15.0 8.5 15.5 11.0 13.0 10.0 12.0 Degree High School/Associate Degree Bachelors MA/MS MBA JD Ph.D # of Resp. 3 50 18 37 9 1 50th pct Average 25th pct (median) 75th pct ----$134.7 $115.0 $127.5 $155.0 $129.8 $112.7 $120.0 $132.0 $140.4 $114.0 $135.0 $162.0 $135.6 -$130.0 ------ # of Resp. 2 37 10 24 4 1 50th pct Average 25th pct (median) 75th pct ----$22.4 $9.0 $19.0 $30.0 $21.2 $9.0 $17.0 $25.0 $25.9 $9.0 $16.0 $40.3 --------- # of Resp. Average 2 -29 20.0% 7 18.0% 18 17.0% 1 -0 -- 50th pct (median) -20.0% 20.0% 15.0% --- # of Resp. 3 50 18 37 9 1 50th pct Average 25th pct (median) 75th pct ----$151.2 $120.1 $143.0 $167.0 $141.6 $120.0 $131.6 $144.0 $157.2 $120.0 $135.0 $202.0 $157.6 -$150.0 ------ Average -13.8 15.6 14.4 12.6 -- 50th pct (median) -12.5 16.5 12.0 8.0 -- Supervisory Responsibility No 1 or Fewer From 1 to 3 From 3 to 5 More than 5 # of Resp. 25 18 31 21 15 50th pct Average 25th pct (median) 75th pct $123.9 $100.0 $120.0 $144.5 $135.1 $112.7 $127.5 $155.0 $140.4 $120.0 $135.0 $161.2 $148.4 $120.0 $135.0 $160.0 $135.7 $112.0 $130.0 $159.0 # of Resp. 16 12 21 16 9 50th pct Average 25th pct (median) 75th pct $16.8 $8.5 $12.0 $29.0 $18.1 $8.2 $15.5 $27.5 $32.4 $6.0 $30.0 $45.0 $33.1 $16.0 $25.0 $47.1 $21.1 -$24.0 -- # of Resp. Average 10 17.0% 11 18.0% 16 20.0% 11 22.0% 6 23.0% 50th pct (median) 18.0% 15.0% 19.0% 25.0% 20.0% # of Resp. 25 18 31 21 15 50th pct Average 25th pct (median) 75th pct $134.6 $107.6 $129.0 $163.0 $147.1 $120.0 $134.1 $162.0 $162.3 $121.0 $155.0 $200.0 $173.6 $121.0 $166.0 $202.5 $148.3 $113.6 $143.0 $189.0 Average 11.2 15.9 13.6 18.4 18.6 50th pct (median) 9.0 12.5 12.0 15.0 20.0 © 2013 Risk and Insurance Management Society, Inc. (RIMS) V-9 US Data 2013 Risk Management Compensation Survey Director - Enterprise Risk Management (ERM)/Strategic Risk Management / Risk Intelligence Combination of data from the Director - Enterprise Risk Management (ERM) & Director - Strategic Risk Management / Risk Intelligence positions. Cash Compensation (All dollar amounts are displayed in USD $000s) See pages 9 though 14 in Section I of this report for a detailed job description of all positions. Base Salary Scope Industry Agriculture Business/Info Services/Consulting/Legal/Accounting Chemical/Pharmaceutical/Biotechnology Computer Software/Services Construction/Engineering/Architectural Education Energy Entertainment & Media Finance/Banking Government Healthcare Hospitality Insurance Mfg - Durable (includes Aerospace, Computer/Office Equipment, Electronics) Mfg - Nondurable (includes Food, Paper & Allied Products) Mining/Milling/Smelting Not-for-Profit Real Estate Research & Development Retail Service Telecommunications Transportation Utilities Wholesale Distribution Other Regions (defined in Section I - 15) North East Region Mid Atlantic Region South East Region Mississippi Valley Region Mountain Region Western Region # of Resp. 0 50th pct Average 25th pct (median) 75th pct -- -- 1 -- 6 4 2 4 5 2 10 9 8 3 15 $144.7 ---$123.4 -$148.4 $110.8 $138.3 -$121.0 14 Bonus Amount # of Resp. -- -- 0 -- -- -- ------$120.0 ---$106.0 $146.0 ---$112.0 -$122.3 $110.0 $133.5 -$120.0 ------$180.0 ---$135.0 $142.4 $106.0 $146.5 5 $124.0 -- 2 0 1 0 6 3 1 6 9 4 3 ----$139.5 --$142.5 $130.3 --- ------------ # of Resp. 19 10 13 24 17 40 50th pct Average 25th pct (median) 75th pct -- -- 1 -- 5 3 0 0 5 2 7 1 4 3 10 $26.4 ---$8.8 -$33.4 ---$16.7 $160.0 11 $118.0 -- ----$138.5 --$156.3 $120.0 --- ------------ 50th pct Average 25th pct (median) 75th pct $140.9 $120.0 $130.0 $167.0 $140.9 $110.0 $125.0 $180.0 $126.8 $93.0 $120.0 $128.0 $132.3 $108.5 $126.8 $155.5 $130.7 $114.0 $130.0 $155.0 $137.7 $112.3 $132.5 $153.6 © 2013 Risk and Insurance Management Society, Inc. (RIMS) Target Bonus # of Resp. Average # of Resp. -- 0 -- -- 0 -- -- -- 1 -- -- ----------$8.4 $30.0 ---$9.0 -$30.0 ---$16.0 ----------$26.0 6 1 0 0 2 2 3 0 2 2 10 22.0% ---------16.0% 20.0% ---------16.0% $23.6 $10.0 $17.0 $40.5 7 19.0% 5 $14.0 -- $12.0 -- 2 2 0 1 0 5 1 1 4 6 3 2 ----$17.1 ---$13.7 --- ------------ ----$10.0 ---$9.5 --- ------------ 2 0 1 0 5 0 1 3 5 3 1 # of Resp. 13 6 6 19 12 26 50th pct Average 25th pct (median) 75th pct $19.5 $9.0 $20.0 $30.0 $39.9 -$43.5 -$17.2 -$18.5 -$25.7 $10.0 $25.0 $35.0 $16.7 $8.0 $11.0 $21.5 $29.7 $10.0 $22.0 $40.0 V - 10 -- 50th pct (median) Total Cash Compensation Yrs. In Risk Mgmt 50th pct Average 25th pct (median) 75th pct Average 50th pct (median) -- -- -- -- 1 -- 6 4 2 4 5 2 10 9 8 3 15 $166.7 ---$132.2 -$171.8 $111.3 $162.0 -$132.1 20.0% 14 -- -- ----19.0% ---12.0% --- ----20.0% ---12.0% --50th pct (median) 15.0% --20.0% 10.0% 20.0% # of Resp. 19 10 13 24 17 40 # of Resp. Average 13 15.0% 2 -4 -14 23.0% 5 11.0% 21 22.0% -- -- -- -- -- -- -- ------$123.5 ---$106.0 $166.5 ---$115.5 -$141.5 $115.0 $139.0 -$129.6 ------$246.0 ---$165.0 12.0 ---11.8 -9.2 16.6 17.5 -10.1 13.0 ---10.0 -6.0 15.0 17.5 -5.0 $160.9 $133.0 $158.5 $200.0 18.3 17.5 5 $138.0 -- $127.0 -- 19.2 23.0 2 0 1 0 6 3 1 6 9 4 3 ----$153.8 --$176.7 $139.4 --- ------------ ----$147.3 --$176.3 $129.0 --- ------------ ----13.7 --17.3 10.6 --- ----14.0 --19.5 9.0 --- Average 9.2 15.9 15.1 11.8 16.5 17.3 50th pct (median) 7.0 11.5 10.0 10.0 15.0 20.0 50th pct Average 25th pct (median) 75th pct $154.2 $125.0 $132.0 $192.7 $164.9 $119.0 $126.3 $243.0 $134.8 $101.4 $120.0 $140.0 $152.7 $121.8 $142.1 $179.0 $142.5 $123.0 $135.0 $163.0 $157.0 $117.3 $149.8 $194.0 US Data 2013 Risk Management Compensation Survey Director - Enterprise Risk Management (ERM)/Strategic Risk Management / Risk Intelligence Combination of data from the Director - Enterprise Risk Management (ERM) & Director - Strategic Risk Management / Risk Intelligence positions. Cash Compensation (All dollar amounts are displayed in USD $000s) See pages 9 though 14 in Section I of this report for a detailed job description of all positions. Base Salary Scope # of Resp. 18 5 8 7 10 13 State CA FL NY OH TX WA 50th pct Average 25th pct (median) 75th pct $148.6 $120.0 $146.3 $171.7 $150.0 -$120.0 -$140.5 -$120.0 -$133.9 -$130.0 -$129.6 $114.0 $125.0 $154.0 $125.8 $106.0 $125.0 $135.0 Bonus Amount # of Resp. 13 2 6 5 7 7 Target Bonus 50th pct Average 25th pct (median) 75th pct $27.1 $10.0 $19.0 $30.0 ----$19.3 -$21.0 -$23.0 -$14.1 -$18.4 -$10.0 -$27.2 -$26.0 -- # of Resp. Average 11 25.0% 1 -5 17.0% 6 28.0% 2 -6 19.0% 50th pct (median) 25.0% -17.0% 20.0% -20.0% # of Resp. 18 5 8 7 10 13 Total Cash Compensation Yrs. In Risk Mgmt 50th pct Average 25th pct (median) 75th pct $168.2 $129.7 $157.5 $210.0 $159.4 -$120.0 -$155.0 -$130.3 -$150.3 -$130.0 -$142.5 $123.0 $133.5 $160.0 $140.4 $107.6 $135.0 $156.0 Average 20.7 18.4 8.0 12.9 14.6 13.4 Total Cash Compensation Yrs. In Risk Mgmt 50th pct Average 25th pct (median) 75th pct Average 50th pct (median) 50th pct (median) 22.0 15.0 6.0 14.0 11.5 14.0 Cash Compensation (All dollar amounts are displayed in USD $000s) Base Salary Scope Metro Area New York-Northern New Jersey-Long Island, NYNJ-CT-PA San Diego, CA San Francisco-Oakland-San Jose, CA Seattle-Tacoma-Bremerton, WA # of Resp. Bonus Amount 50th pct Average 25th pct (median) 75th pct # of Resp. Target Bonus 50th pct Average 25th pct (median) 75th pct # of Resp. Average 50th pct (median) # of Resp. 12 $146.3 $120.0 $138.5 $174.5 8 $23.1 -- $30.0 -- 8 16.0% 18.0% 12 $161.7 $128.8 $153.5 $199.5 9.5 9.5 5 8 9 $141.7 $158.2 $131.8 ---- $147.0 $146.8 $130.0 ---- 5 5 5 $33.3 $24.4 $31.9 ---- $20.0 $14.0 $30.0 ---- 5 3 4 27.0% --- 25.0% --- 5 8 9 $175.0 $173.4 $149.5 ---- $166.0 $158.5 $135.0 ---- 18.8 24.4 12.4 13.0 25.0 7.5 © 2013 Risk and Insurance Management Society, Inc. (RIMS) V - 11 US Data 2013 Risk Management Compensation Survey Director - Enterprise Risk Management (ERM)/Strategic Risk Management / Risk Intelligence Combination of data from the Director - Enterprise Risk Management (ERM) & Director - Strategic Risk Management / Risk Intelligence positions. Respondent Characteristics See pages 9 though 14 in Section I of this report for a detailed job description of all positions. Gender Long-Term Incentive Eligible Male 59.3% Yes 35.0% Female 39.8% No 65.0% Did Not Indicate 0.8% Did Not Indicate 2.4% Incentive Stock Options (ISOs) 30.2% Degree High School/Associate Degree 0.0% Type of Long-term Incentives Received* Bachelors 40.7% Non-Qualified Stock Options (NQSOs) 11.6% MA/MS 14.6% Restricted Stock 46.5% MBA 30.1% Stock Appreciation Rights (SARs) 2.3% JD 7.3% Performance Shares 20.9% MD 0.0% Performance Units 2.3% Ph.D 0.8% Long-Term Cash 4.7% Other 4.1% None of the Above Received * Only includes those eligible for LTI 9.3% Type of Organization Where Employed Supervise Individuals Parent 69.9% Yes 79.7% Division 8.9% No 20.3% Subsidiary 5.7% Single Location 8.1% Other 7.3% © 2013 Risk and Insurance Management Society, Inc. (RIMS) V - 12 US Data 2013 Risk Management Compensation Survey Director - Insurance and Risk Management Description of Responsibilities: This is a senior insurance and risk management position in an organization, with authority to make decisions on risk management issues affecting the organization. This person is usually not the CEO, CFO or COO unless they spend more than 50% of their time directly involved in, and accountable for, risk management activities/issues affecting the organization. Accountable for protecting the achievement of organizational objectives, ensuring effective hazard (typically insurable risks) risk management for the organization and supervising, leading and/or directing key internal risk stakeholders. This person typically is responsible for the process of identifying, measuring and managing insurable or hazard risks, developing reports and plans, and analyzing risk/insurance problems and defining and/or overseeing the implementation of the risk solutions that help avoid, transfer or mitigate risks in order to optimize operations. Position level/ Reporting Structure: Reports findings on risk exposures to senior executives and/or the organization's board of directors, and implements strategies to manage insurable and/or hazard risks. Operationally reports to the Chief Financial Officer, Chief Risk Officer, or other corporate level officer designee. Cash Compensation (All dollar amounts are displayed in USD $000s) Base Salary Scope # of Resp. All Respondents 770 Bonus Amount 50th pct Average 25th pct (median) 75th pct $133.4 $105.0 $129.0 $154.0 # of Resp. 493 Target Bonus 50th pct Average 25th pct (median) 75th pct $33.2 $13.0 $25.0 $44.5 # of Resp. Average 348 23.0% 50th pct (median) # of Resp. 20.0% 770 Total Cash Compensation Yrs. In Risk Mgmt 50th pct Average 25th pct (median) 75th pct Average 50th pct (median) 20.0 20.0 $154.6 $111.0 $142.9 $184.0 Ownership Type Publicly Traded Private Government Not-for-Profit Other # of Resp. 346 229 101 77 17 50th pct Average 25th pct (median) 75th pct $148.2 $120.0 $145.0 $171.0 $128.4 $105.0 $124.0 $145.0 $106.5 $94.0 $103.0 $120.0 $122.8 $98.0 $119.2 $145.0 $105.4 $88.0 $102.0 $120.0 # of Resp. 284 160 9 30 10 50th pct Average 25th pct (median) 75th pct $39.6 $20.0 $32.0 $50.0 $27.0 $10.0 $19.0 $33.8 $15.7 -$4.0 -$14.3 $3.8 $13.3 $19.7 $21.2 $4.5 $27.2 $33.0 # of Resp. Average 223 25.0% 100 22.0% 2 -18 11.0% 5 23.0% 50th pct (median) 25.0% 20.0% -10.0% 30.0% # of Resp. 346 229 101 77 17 50th pct Average 25th pct (median) 75th pct $180.7 $138.0 $170.0 $210.0 $147.3 $113.0 $138.0 $165.0 $107.9 $94.0 $103.0 $122.0 $128.3 $101.9 $122.8 $150.0 $117.9 $97.0 $119.0 $137.0 Average 20.1 18.8 22.5 20.1 19.4 50th pct (median) 20.0 20.0 22.5 20.0 18.0 Revenue Less than $100 Million $100 - $250 Million $250 - $500 Million $500 Million - $1 Billion $1 - $5 Billion $5 - $10 Billion Greater than $10 Billion # of Resp. 51 53 71 103 225 92 143 50th pct Average 25th pct (median) 75th pct $105.5 $90.0 $102.0 $118.0 $112.5 $89.0 $105.0 $125.0 $116.1 $95.0 $107.4 $132.0 $119.1 $100.0 $115.0 $130.0 $134.1 $115.0 $131.0 $151.3 $147.4 $129.0 $145.3 $170.5 $165.7 $132.7 $157.0 $190.0 # of Resp. 17 25 36 53 160 74 116 50th pct Average 25th pct (median) 75th pct $12.2 $5.0 $7.5 $15.0 $17.6 $9.0 $10.1 $20.0 $29.1 $9.5 $19.5 $33.5 $25.5 $10.0 $16.0 $30.0 $29.6 $15.0 $23.3 $37.3 $34.5 $16.0 $29.0 $48.0 $49.8 $25.0 $43.0 $62.0 # of Resp. Average 12 14.0% 12 18.0% 23 20.0% 40 16.0% 109 24.0% 60 26.0% 86 28.0% 50th pct (median) 15.0% 16.0% 20.0% 15.0% 20.0% 20.0% 25.0% # of Resp. 51 53 71 103 225 92 143 50th pct Average 25th pct (median) 75th pct $109.6 $94.0 $105.0 $130.0 $120.8 $89.0 $113.0 $140.0 $130.9 $96.0 $116.0 $149.7 $132.2 $103.0 $123.1 $150.0 $155.1 $124.0 $150.0 $175.0 $175.2 $140.0 $162.5 $205.5 $206.1 $155.0 $196.0 $231.3 Average 19.1 18.3 19.3 19.6 20.8 21.1 20.7 50th pct (median) 20.0 20.0 20.0 20.0 21.0 21.8 20.0 Degree High School/Associate Degree Bachelors MA/MS MBA JD Ph.D # of Resp. 46 372 66 204 50 3 50th pct Average 25th pct (median) 75th pct $122.3 $94.0 $111.5 $147.0 $133.1 $105.5 $130.0 $150.0 $118.8 $101.0 $116.7 $134.0 $141.2 $111.5 $135.0 $163.2 $140.7 $105.0 $133.5 $170.0 ----- # of Resp. 27 242 33 151 23 2 50th pct Average 25th pct (median) 75th pct $32.4 $10.0 $20.0 $43.0 $32.4 $13.0 $25.0 $42.0 $25.2 $10.0 $20.0 $40.0 $37.2 $15.0 $30.0 $48.0 $31.9 $8.0 $22.0 $39.0 ----- # of Resp. Average 19 28.0% 169 24.0% 18 25.0% 111 23.0% 20 20.0% 1 -- 50th pct (median) 25.0% 20.0% 22.0% 20.0% 20.0% -- # of Resp. 46 372 66 204 50 3 50th pct Average 25th pct (median) 75th pct $141.3 $94.0 $131.4 $168.0 $154.2 $113.3 $144.5 $180.0 $131.4 $107.4 $123.0 $151.6 $168.7 $121.3 $155.0 $203.0 $155.4 $112.8 $140.5 $178.0 ----- Average 21.7 20.5 20.4 19.5 16.7 -- 50th pct (median) 22.0 20.0 21.0 20.0 15.5 -- Supervisory Responsibility No 1 or Fewer From 1 to 3 From 3 to 5 More than 5 # of Resp. 135 110 230 132 105 50th pct Average 25th pct (median) 75th pct $119.7 $100.0 $115.0 $140.0 $127.6 $100.0 $121.7 $145.0 $135.1 $110.0 $131.0 $157.0 $143.7 $114.0 $134.2 $161.0 $138.7 $105.0 $131.0 $165.0 # of Resp. 87 79 144 86 61 50th pct Average 25th pct (median) 75th pct $24.1 $7.8 $20.0 $36.0 $33.4 $14.8 $25.0 $43.0 $32.4 $14.5 $26.9 $44.1 $35.8 $12.5 $25.0 $47.6 $41.5 $16.0 $30.0 $45.0 # of Resp. Average 55 20.0% 56 23.0% 107 25.0% 60 25.0% 42 24.0% 50th pct (median) 18.0% 20.0% 20.0% 20.0% 25.0% # of Resp. 135 110 230 132 105 50th pct Average 25th pct (median) 75th pct $135.2 $105.0 $126.0 $155.0 $151.6 $105.0 $138.0 $175.0 $155.4 $116.0 $148.5 $185.0 $167.1 $121.4 $149.7 $204.3 $162.8 $112.8 $150.0 $197.0 Average 18.7 18.5 20.5 21.0 20.3 50th pct (median) 20.0 18.5 20.0 21.5 20.0 © 2013 Risk and Insurance Management Society, Inc. (RIMS) V - 13 US Data 2013 Risk Management Compensation Survey Director - Insurance and Risk Management Description of Responsibilities: This is a senior insurance and risk management position in an organization, with authority to make decisions on risk management issues affecting the organization. This person is usually not the CEO, CFO or COO Cash Compensation displayed unless they spend more (All thandollar 50% ofamounts their time are directly involvedinin,USD and $000s) accountable for, risk management activities/issues affecting the organization. Accountable for protecting the achievement of organizational objectives, ensuring effective hazard (typically insurable risks) risk management for the organization and supervising, leading and/or directing key internal risk stakeholders. This person typically is responsible for the process of identifying, measuring and managing Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt Scope insurable or hazard risks, developing reports and plans, and analyzing risk/insurance problems and defining and/or overseeing the implementation of the risk solutions that help avoid, transfer or mitigate risks in order to optimize operations. # of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct Position level/ Reporting Structure: Reports findings exposures executives and/or the organization's of directors, manage insurable risks. Operationally reports to the Chief Industry Resp.on risk Average 25th to pctsenior (median) 75th pct Resp. Average 25thboard pct (median) 75thand pct implements # of Resp. strategies Average to (median) Resp. and/or Averagehazard 25th pct (median) 75th pct Average (median) Financial Officer, Chief Risk Officer, or other corporate officer designee. Agriculture 11 level $135.5 $91.0 $121.0 Business/Info 7 $164.8 -$165.0 Services/Consulting/Legal/Accounting Chemical/Pharmaceutical/Biotechnology 34 $143.8 $120.0 $138.0 Computer Software/Services 8 $143.9 -$146.5 Construction/Engineering/Architectural 30 $133.6 $105.0 $125.5 Education 51 $115.9 $97.7 $118.0 Energy 38 $152.7 $125.0 $150.0 Entertainment & Media 15 $151.8 $110.0 $140.0 Finance/Banking 32 $150.0 $109.5 $134.2 Government 67 $103.5 $87.0 $100.0 Healthcare 42 $132.3 $104.0 $125.5 Hospitality 22 $122.6 $100.0 $117.4 Insurance 24 $128.7 $99.0 $134.5 Mfg - Durable (includes Aerospace, 68 $146.0 $119.0 $145.0 Computer/Office Equipment, Electronics) Mfg - Nondurable (includes Food, Paper & Allied 50 $144.4 $118.0 $140.0 Products) Mining/Milling/Smelting 6 $165.7 -$167.0 Not-for-Profit 14 $113.4 $82.0 $102.5 Real Estate 40 $138.1 $116.0 $131.4 Research & Development 2 ---Retail 48 $136.1 $117.0 $133.0 Service 15 $120.2 $93.0 $110.0 Telecommunications 15 $139.7 $116.0 $143.2 Transportation 34 $115.5 $96.0 $110.5 Utilities 29 $137.9 $105.0 $133.5 Wholesale Distribution 13 $134.6 $110.0 $130.0 Other 55 $133.8 $105.0 $123.0 Regions (defined in Section I - 15) North East Region Mid Atlantic Region South East Region Mississippi Valley Region Mountain Region Western Region # of Resp. 141 91 119 161 135 123 $175.0 8 $39.4 -- $28.7 -- 5 20.0% 20.0% 11 $164.2 $114.8 $144.0 $206.0 21.4 19.0 -- 6 $49.2 -- $35.5 -- 3 -- -- 7 $207.0 -- $197.1 -- 17.6 16.0 $168.0 -$135.0 $126.4 $175.0 $180.0 $172.5 $116.0 $151.0 $140.0 $137.5 29 6 21 6 29 13 29 6 30 18 14 $38.7 $27.5 $21.7 $6.0 $49.2 $40.5 $42.6 $19.6 $21.0 $23.3 $34.3 $24.0 -$8.3 -$25.0 $20.0 $20.0 -$8.8 $10.0 $12.5 $33.8 $23.5 $10.0 $4.3 $45.0 $28.0 $31.0 $2.3 $16.3 $18.5 $20.0 $45.0 -$20.0 -$75.0 $50.0 $55.0 -$26.0 $28.0 $35.0 24 4 11 1 17 7 15 0 19 14 8 27.0% -23.0% -26.0% 24.0% 24.0% -13.0% 23.0% 17.0% 24.0% -25.0% -30.0% 20.0% 20.0% -10.0% 20.0% 16.0% 34 8 30 51 38 15 32 67 42 22 24 $176.7 $164.5 $148.8 $116.6 $190.2 $186.9 $188.6 $105.2 $147.3 $141.6 $148.7 $137.0 -$107.5 $97.7 $132.0 $116.0 $132.5 $87.0 $113.5 $110.0 $102.5 $165.5 $157.0 $133.3 $119.0 $195.5 $166.6 $167.7 $100.0 $130.0 $133.5 $137.9 $210.0 -$160.0 $128.0 $225.0 $230.0 $224.1 $117.5 $179.3 $155.0 $168.3 19.4 18.6 19.6 22.6 21.0 19.9 20.3 22.3 18.7 17.1 18.1 18.5 20.0 20.0 24.0 21.8 18.0 22.0 22.0 19.5 15.5 19.0 $170.5 52 $36.0 $17.5 $34.5 $46.3 38 25.0% 25.0% 68 $173.6 $136.2 $170.0 $207.0 21.0 22.5 $165.0 40 $38.8 $18.0 $26.4 $56.5 36 27.0% 25.0% 50 $175.4 $133.0 $161.7 $204.8 18.9 18.5 -$138.0 $160.0 -$150.0 $145.0 $164.4 $133.0 $168.0 $155.0 $150.0 5 3 29 0 35 10 12 21 19 10 42 $43.2 -$26.6 -$31.0 $17.0 $23.3 $31.3 $43.6 $28.9 $33.2 --$15.0 -$15.0 $10.0 $7.5 $9.0 $17.0 $20.9 $10.0 $37.5 -$21.0 -$25.0 $14.6 $22.5 $20.0 $35.0 $31.3 $22.7 --$31.5 -$49.6 $25.0 $31.0 $41.2 $54.0 $40.0 $45.0 5 2 19 0 36 7 10 16 18 8 25 32.0% -20.0% -25.0% 24.0% 19.0% 20.0% 30.0% 25.0% 21.0% 30.0% -20.0% -20.0% 15.0% 20.0% 19.0% 20.0% 27.0% 15.0% 6 14 40 2 48 15 15 34 29 13 55 $201.7 $114.8 $157.3 -$158.7 $131.5 $158.4 $134.8 $166.4 $156.8 $159.1 -$85.0 $129.0 -$127.5 $96.0 $131.0 $100.0 $105.0 $133.0 $110.0 $190.0 $102.5 $150.0 -$152.5 $111.0 $151.5 $123.0 $151.0 $151.0 $143.0 -$150.0 $176.0 -$180.0 $175.0 $175.5 $156.2 $193.0 $163.0 $191.3 21.0 19.2 18.3 -20.5 20.1 17.2 16.7 20.7 25.8 19.9 22.0 18.0 19.0 -21.0 20.0 17.0 18.0 22.0 25.0 20.0 50th pct (median) 22.0% 20.0% 20.0% 20.0% 20.0% 20.0% # of Resp. 141 91 119 161 135 123 Average 20.4 21.3 20.5 19.8 19.9 18.7 50th pct (median) 20.0 22.0 20.0 20.0 20.0 18.0 50th pct Average 25th pct (median) 75th pct $154.5 $124.0 $145.0 $180.0 $132.0 $113.0 $130.0 $148.0 $123.2 $97.0 $116.0 $145.0 $130.0 $105.0 $125.0 $145.0 $126.4 $97.7 $120.0 $150.0 $132.1 $100.0 $129.1 $160.0 © 2013 Risk and Insurance Management Society, Inc. (RIMS) # of Resp. 102 59 68 111 85 68 50th pct Average 25th pct (median) 75th pct $40.8 $19.0 $30.0 $52.0 $29.6 $8.5 $24.0 $45.0 $33.1 $11.3 $24.5 $40.0 $30.5 $12.5 $25.0 $41.2 $35.1 $12.0 $25.0 $45.0 $26.8 $10.0 $20.0 $37.0 V - 14 # of Resp. Average 69 26.0% 38 22.0% 45 24.0% 90 24.0% 56 20.0% 50 23.0% 50th pct Average 25th pct (median) 75th pct $184.0 $137.7 $173.6 $210.0 $151.3 $117.0 $147.2 $170.0 $142.1 $100.0 $132.0 $171.0 $151.0 $113.0 $142.0 $175.1 $148.5 $103.0 $128.0 $175.0 $146.9 $105.0 $135.0 $170.0 US Data 2013 Risk Management Compensation Survey Director - Insurance and Risk Management Description of Responsibilities: This is a senior insurance and risk management position in an organization, with authority to make decisions on risk management issues affecting the organization. This person is usually not the CEO, CFO or COO Cash Compensation displayed unless they spend more (All thandollar 50% ofamounts their time are directly involvedinin,USD and $000s) accountable for, risk management activities/issues affecting the organization. Accountable for protecting the achievement of organizational objectives, ensuring effective hazard (typically insurable risks) risk management for the organization and supervising, leading and/or directing key internal risk stakeholders. This person typically is responsible for the process of identifying, measuring and managing Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt Scope insurable or hazard risks, developing reports and plans, and analyzing risk/insurance problems and defining and/or overseeing the implementation of the risk solutions that help avoid, transfer or mitigate risks in order to optimize operations. # of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct Position level/ Reporting Structure: Reports findings exposures executives and/or the organization's of directors, manage insurable risks. Operationally reports to the Chief State Resp.on risk Average 25th to pctsenior (median) 75th pct Resp. Average 25thboard pct (median) 75thand pct implements # of Resp. strategies Average to (median) Resp. and/or Averagehazard 25th pct (median) 75th pct Average (median) Financial Officer, Chief Risk Officer, or other corporate officer $106.0 designee.$121.5 AL 10 level $126.5 AZ 12 $124.8 $107.5 $127.5 CA 72 $143.5 $114.5 $136.7 CO 32 $111.1 $94.5 $104.6 CT 25 $158.4 $120.0 $151.0 FL 51 $119.6 $97.0 $113.0 GA 19 $143.1 $95.0 $146.4 IA 5 $124.6 -$122.0 IL 54 $141.7 $113.0 $141.5 IN 7 $105.4 -$105.0 KY 5 $109.4 -$116.0 LA 6 $116.8 -$116.5 MA 16 $126.9 $112.5 $122.5 MI 11 $151.4 $112.0 $145.0 MN 16 $133.9 $116.0 $131.0 MO 14 $113.1 $90.0 $109.5 NC 19 $130.8 $120.0 $126.0 NJ 37 $149.2 $135.0 $145.0 NV 6 $109.9 -$112.5 NY 57 $163.5 $130.0 $155.0 OH 29 $123.6 $110.0 $123.4 OR 15 $107.1 $94.5 $100.0 PA 32 $138.0 $119.5 $135.8 RI 5 $154.3 -$156.0 SC 9 $102.4 -$88.0 TN 24 $122.9 $92.0 $123.0 TX 79 $137.7 $107.4 $130.0 UT 7 $121.9 -$99.9 VA 23 $129.4 $100.0 $124.0 WA 11 $121.1 $100.0 $111.0 WI 21 $116.5 $94.7 $115.0 $132.0 $142.2 $164.0 $124.0 $176.4 $133.0 $177.0 -$164.4 ---$140.5 $182.0 $147.5 $126.0 $135.0 $172.0 -$200.0 $135.9 $125.6 $150.0 --$135.0 $154.0 -$148.0 $133.0 $134.0 © 2013 Risk and Insurance Management Society, Inc. (RIMS) 6 7 39 15 21 24 13 4 36 2 2 3 9 8 14 8 13 29 4 38 21 9 22 4 4 18 55 5 16 4 15 $19.4 $28.7 $32.6 $21.5 $37.2 $26.4 $67.8 -$37.0 ---$24.8 $43.9 $26.4 $21.9 $19.5 $40.1 -$45.5 $32.4 $12.3 $37.9 --$28.5 $40.7 $31.3 $31.1 -$20.6 --$15.0 $12.0 $20.0 $14.3 $40.0 -$14.5 -----$11.5 -$8.5 $20.0 -$19.0 $17.0 -$24.0 --$10.0 $15.0 -$3.6 -$7.5 $18.0 $17.0 $27.2 $15.0 $30.0 $22.2 $55.2 -$28.0 ---$20.0 $33.5 $27.5 $19.5 $15.0 $30.0 -$31.0 $31.0 $10.0 $34.5 --$24.5 $26.9 $25.0 $14.0 -$20.0 V - 15 --$47.0 $33.0 $47.6 $33.8 $67.0 -$55.8 -----$35.0 -$30.0 $50.0 -$60.0 $48.0 -$48.0 --$39.0 $49.6 -$44.5 -$27.0 3 6 27 14 15 19 10 3 31 2 0 0 7 7 10 8 7 23 4 20 15 5 16 3 2 11 29 4 13 4 11 -25.0% 22.0% 17.0% 29.0% 24.0% 31.0% -24.0% ---20.0% 39.0% 25.0% 22.0% 25.0% 28.0% -24.0% 18.0% 15.0% 22.0% --18.0% 22.0% -19.0% -20.0% -20.0% 25.0% 17.0% 25.0% 20.0% 30.0% -25.0% ---20.0% 40.0% 25.0% 20.0% 16.0% 25.0% -23.0% 20.0% 13.0% 20.0% --20.0% 20.0% -16.0% -20.0% 10 12 72 32 25 51 19 5 54 7 5 6 16 11 16 14 19 37 6 57 29 15 32 5 9 24 79 7 23 11 21 $138.2 $141.6 $161.2 $121.2 $189.7 $132.0 $189.4 $135.8 $166.4 $108.4 $115.0 $124.8 $140.8 $183.4 $157.0 $125.6 $144.2 $180.7 $122.5 $193.8 $147.1 $114.5 $164.1 $199.7 $108.9 $144.3 $166.0 $144.3 $151.1 $128.3 $131.2 $118.0 $109.3 $119.5 $96.3 $142.7 $98.0 $122.0 -$122.5 ---$115.0 $137.0 $130.3 $108.0 $125.0 $149.0 -$138.0 $130.0 $98.0 $126.5 --$98.5 $115.0 -$100.0 $100.0 $97.0 $129.2 $141.5 $153.2 $114.1 $170.0 $116.0 $182.0 $137.0 $151.5 $107.5 $116.9 $124.3 $133.7 $188.0 $146.5 $119.5 $145.0 $175.0 $117.5 $184.0 $140.0 $105.0 $161.5 $211.0 $92.5 $135.0 $150.0 $124.9 $138.0 $122.0 $119.0 $145.0 $157.5 $201.0 $132.0 $210.0 $164.0 $245.0 -$204.0 ---$159.9 $200.0 $180.0 $140.0 $168.8 $197.1 -$225.0 $166.6 $135.0 $190.0 --$168.0 $202.0 -$180.5 $154.0 $163.0 21.1 19.8 18.9 19.4 24.6 21.5 22.4 16.6 20.4 17.8 25.2 18.3 16.1 23.5 22.1 21.2 23.2 19.2 10.7 20.1 18.1 17.8 19.9 22.6 18.1 18.3 21.0 15.3 21.3 22.1 17.9 21.5 17.0 20.0 20.0 25.0 22.0 23.0 15.0 20.0 15.0 25.0 20.0 16.0 23.0 23.0 22.0 23.0 17.0 11.5 20.0 19.0 18.0 20.0 18.0 20.0 18.5 21.5 18.0 24.0 26.0 16.0 US Data 2013 Risk Management Compensation Survey Director - Insurance and Risk Management Description of Responsibilities: This is a senior insurance and risk management position in an organization, with authority to make decisions on risk management issues affecting the organization. This person is usually not the CEO, CFO or COO Cash Compensation displayed unless they spend more (All thandollar 50% ofamounts their time are directly involvedinin,USD and $000s) accountable for, risk management activities/issues affecting the organization. Accountable for protecting the achievement of organizational objectives, ensuring effective hazard (typically insurable and supervising, leading and/or directing key internal typically process of identifying, measuring and managing Base Salary Bonus Amountrisk stakeholders. This person Target Bonusis responsible for the Total Cash Compensation Yrs. In Risk Mgmt Scope risks) risk management for the organization insurable or hazard risks, developing reports and plans, and analyzing risk/insurance problems and defining and/or overseeing the implementation of the risk solutions that help avoid, transfer or mitigate risks in order to optimize operations. # of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct Metro Area Resp.on risk Average 25th to pctsenior (median) 75th pct Resp. Average 25thboard pct (median) 75thand pct implements # of Resp. strategies Average to (median) Resp. and/or Averagehazard 25th pct (median) 75th pct Average (median) Position level/ Reporting Structure: Reports findings exposures executives and/or the organization's of directors, manage insurable risks. Operationally reports to the Chief FinancialGAOfficer, Chief Risk Officer, or other corporate officer $105.0 designee.$149.7 Atlanta, 18 level $147.3 Austin-San Marcos, TX 7 $111.9 -$104.5 Birmingham, AL 7 $131.9 -$125.0 $177.0 --- 13 4 6 $67.8 -$19.4 $40.0 --- $55.2 -$18.0 $67.0 --- 10 2 3 31.0% --- 30.0% --- 18 7 7 $196.3 $125.1 $148.5 $133.0 --- $189.0 $105.0 $141.0 $245.0 --- 22.5 14.9 19.4 23.5 16.0 18.0 Boston-Worcester-Lawrence, MA-NH-ME-CT 16 $126.9 $112.5 $122.5 $140.5 9 $24.8 -- $20.0 -- 7 20.0% 20.0% 16 $140.8 $115.0 $133.7 $159.9 16.1 16.0 Charlotte-Gastonia-Rock Hill, NC-SC Chicago-Gary-Kenosha, IL-IN-WI Cincinnati-Hamilton, OH-KY-IN Cleveland-Akron, OH Columbus, OH Dallas-Fort Worth, TX Denver-Boulder-Greeley, CO Detroit-Ann Arbor-Flint, MI 10 47 6 9 8 34 27 6 $128.6 $141.3 $118.0 $118.9 $138.4 $135.7 $114.5 $162.7 $116.0 $113.0 ---$110.0 $95.0 -- $124.2 $138.0 $117.7 $125.0 $135.0 $128.5 $109.0 $148.5 $134.8 $164.4 ---$150.0 $131.0 -- 8 32 4 8 5 29 11 5 $19.2 $33.1 -$30.4 $35.9 $37.1 $21.9 $57.3 -$12.0 ---$11.2 $12.0 -- $16.0 $25.0 -$29.5 $42.0 $25.0 $15.0 $43.0 -$50.0 ---$46.3 $40.0 -- 7 28 2 5 5 15 11 4 25.0% 24.0% -19.0% 20.0% 19.0% 18.0% -- 16.0% 25.0% -20.0% 20.0% 20.0% 18.0% -- 10 47 6 9 8 34 27 6 $144.0 $163.8 $135.9 $146.0 $160.9 $167.4 $123.4 $210.5 $122.9 $122.5 ---$122.9 $96.0 -- $147.5 $150.0 $128.9 $158.0 $140.5 $147.9 $118.0 $191.0 $158.3 $204.0 ---$195.0 $143.0 -- 20.0 20.9 16.3 17.8 20.8 18.9 19.7 22.7 24.0 20.0 16.5 17.0 19.5 20.0 20.0 24.0 Greensboro--Winston Salem--High Point, NC 5 $134.1 -- $120.0 -- 2 -- -- -- -- 0 -- -- 5 $140.5 -- $136.4 -- 26.8 26.0 Greenville-Spartanburg-Anderson, SC Hartford, CT Houston-Galveston-Brazoria, TX Jacksonville, FL Kansas City, MO-KS 6 5 28 8 8 $97.5 $120.2 $152.3 $109.9 $99.4 --$117.5 --- $85.0 $120.0 $150.0 $106.5 $98.7 --$177.0 --- 3 3 17 7 5 --$55.6 $35.0 $15.4 --$25.0 --- --$45.0 $21.5 $18.0 --$100.0 --- 1 3 8 7 5 --30.0% 28.0% 19.0% --25.0% 17.0% 20.0% 6 5 28 8 8 $103.3 $133.9 $186.1 $140.6 $109.0 --$121.0 --- $90.4 $142.7 $170.0 $116.3 $105.2 --$224.5 --- 18.0 24.2 24.1 15.5 19.1 19.0 29.0 25.0 17.5 18.5 Los Angeles-Riverside-Orange County, CA 33 $147.9 $123.0 $150.0 $162.0 20 $33.6 $11.9 $29.0 $47.5 13 23.0% 25.0% 33 $168.3 $128.0 $160.0 $199.0 21.3 22.0 Memphis, TN-AR-MS Miami-Fort Lauderdale, FL Milwaukee-Racine, WI Minneapolis-St. Paul, MN-WI Nashville, TN New York-Northern New Jersey-Long Island, NYNJ-CT-PA Orlando, FL Philadelphia-Wilmington-Atlantic City, PA-NJ-DEMD Phoenix, AZ Pittsburgh, PA Portland-Salem, OR-WA Providence-Fall River-Warwick, RI-MA Raleigh-Durham-Chapel Hill, NC Richmond-Petersburg, VA Salt Lake City-Ogden, UT San Antonio, TX San Diego, CA San Francisco-Oakland-San Jose, CA Seattle-Tacoma-Bremerton, WA St. Louis, MO-IL 6 11 12 16 14 $123.4 $124.8 $118.4 $133.9 $128.9 -$105.0 $91.6 $116.0 $82.0 $123.0 $120.0 $111.0 $131.0 $127.5 -$145.0 $138.9 $147.5 $147.5 5 6 9 14 10 $25.5 $21.1 $21.1 $26.4 $32.4 ---$11.5 $5.0 $30.0 $22.5 $24.0 $27.5 $27.5 ---$35.0 $43.0 2 3 7 10 7 --18.0% 25.0% 17.0% --20.0% 25.0% 20.0% 6 11 12 16 14 $144.7 $136.3 $134.2 $157.0 $152.0 -$105.0 $98.6 $130.3 $87.0 $135.0 $140.0 $124.5 $146.5 $146.5 -$163.5 $170.2 $180.0 $177.5 18.3 24.5 18.2 22.1 19.4 17.0 25.0 16.5 23.0 19.5 101 $163.9 $135.0 $152.0 $188.0 79 $42.9 $20.0 $30.0 $55.0 50 27.0% 25.0% 101 $197.4 $149.0 $180.0 $216.9 20.5 20.0 5 $117.7 -- $113.0 -- 3 -- -- -- -- 1 -- -- 5 $130.5 -- $113.0 -- 24.0 22.0 21 $135.6 $116.4 $130.0 $147.0 14 $33.1 $16.0 $25.5 $45.0 9 30.0% 20.0% 21 $157.7 $125.0 $155.0 $175.5 20.6 20.0 10 10 15 5 6 7 6 8 8 25 10 8 $124.2 $146.1 $107.7 $154.3 $130.0 $144.0 $131.4 $131.4 $124.2 $153.6 $122.5 $122.7 $105.0 $139.5 $94.5 ------$126.0 $100.0 -- $120.0 $150.0 $103.0 $156.0 $131.5 $130.0 $112.5 $135.0 $118.0 $160.0 $118.0 $122.5 $149.3 $159.0 $125.6 ------$180.0 $133.0 -- 6 8 9 4 4 6 5 5 3 14 4 5 $30.7 $52.3 $12.3 --$40.2 $31.3 $24.5 -$37.0 -$23.5 ---------$18.3 --- $27.5 $54.0 $10.0 --$15.6 $25.0 $24.5 -$32.0 -$19.0 ---------$55.0 --- 5 6 5 3 1 4 4 4 1 12 4 5 27.0% 26.0% 15.0% ------23.0% -23.0% 20.0% 28.0% 13.0% ------23.0% -20.0% 10 10 15 5 6 7 6 8 8 25 10 8 $142.6 $188.0 $115.1 $199.7 $145.2 $178.5 $157.5 $146.7 $129.8 $174.3 $130.5 $137.4 $105.0 $165.0 $99.6 ------$126.0 $100.0 -- $142.2 $199.9 $107.0 $211.0 $140.4 $147.2 $135.0 $150.0 $121.2 $165.0 $123.5 $133.9 $160.0 $218.0 $135.0 ------$213.1 $154.0 -- 19.3 17.5 19.2 22.6 23.0 23.4 16.5 24.0 21.3 16.6 21.6 21.3 17.0 17.0 18.0 18.0 21.5 26.0 18.5 25.5 20.5 18.0 25.5 23.5 © 2013 Risk and Insurance Management Society, Inc. (RIMS) V - 16 US Data 2013 Risk Management Compensation Survey Director - Insurance and Risk Management Description of Responsibilities: This is a senior insurance and risk management position in an organization, with authority to make decisions on risk management issues affecting the organization. This person is usually not the CEO, CFO or COO Cash Compensation displayed unless they spend more (All thandollar 50% ofamounts their time are directly involvedinin,USD and $000s) accountable for, risk management activities/issues affecting the organization. Accountable for protecting the achievement of organizational objectives, ensuring effective hazard (typically insurable and supervising, leading and/or directing key internal typically process of identifying, measuring and managing Base Salary Bonus Amountrisk stakeholders. This person Target Bonusis responsible for the Total Cash Compensation Yrs. In Risk Mgmt Scope risks) risk management for the organization insurable or hazard risks, developing reports and plans, and analyzing risk/insurance problems and defining and/or overseeing the implementation of the risk solutions that help avoid, transfer or mitigate risks in order to optimize operations. # of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct Metro Area Resp.on risk Average 25th to pctsenior (median) 75th pct Resp. Average 25thboard pct (median) 75thand pct implements # of Resp. strategies Average to (median) Resp. and/or Averagehazard 25th pct (median) 75th pct Average (median) Position level/ Reporting Structure: Reports findings exposures executives and/or the organization's of directors, manage insurable risks. Operationally reports to the Chief Financial Officer, Chief Risk Officer, officer designee. Tampa-St. Petersburg-Clearwater, FL or other corporate 8 level $130.3 -$116.4 Washington-Baltimore, DC-MD-VA-WV 23 $131.4 $101.0 $130.0 West Palm Beach-Boca Raton, FL 9 $109.6 -$103.0 -$150.0 -- 4 13 1 -$26.9 -- -$5.0 -- -$16.0 -- -$30.0 -- 3 10 1 -21.0% -- -18.0% -- 8 23 9 $146.6 $146.7 $110.3 -$106.0 -- $142.6 $133.0 $103.0 -$170.0 -- 20.5 17.9 24.3 20.5 16.0 26.0 Respondent Characteristics Gender Long-Term Incentive Eligible Male 63.6% Yes 39.9% Female 34.9% No 59.9% Did Not Indicate 1.4% Did Not Indicate 6.0% Incentive Stock Options (ISOs) 25.1% Non-Qualified Stock Options (NQSOs) 18.9% Restricted Stock 52.4% Degree High School/Associate Degree Bachelors MA/MS MBA 0.3% Type of Long-term Incentives Received* 48.3% 8.6% 26.5% Stock Appreciation Rights (SARs) JD 6.5% Performance Shares MD 0.1% Performance Units Ph.D 0.4% Long-Term Cash Other 3.6% None of the Above Received * Only includes those eligible for LTI Type of Organization Where Employed 6.8% 12.4% 8.5% 11.4% 5.9% Supervise Individuals Parent 81.7% Yes 82.5% Division 3.2% No 17.5% Subsidiary 5.3% Single Location 4.0% Other 5.7% © 2013 Risk and Insurance Management Society, Inc. (RIMS) V - 17 US Data 2013 Risk Management Compensation Survey This Page Intentionally Blank © 2013 Risk and Insurance Management Society, Inc. (RIMS) V - 18 2013 Risk Management Compensation Survey Manager - Insurance Management Responsibilities include directing the purchase of insurance programs, management of claims and loss control activities, management of relationships with third party service providers including brokers, insurers, consultants and other administrators, preparing loss analyses and budgets, identifying exposures, recommending solutions, implementing approved programs, promoting loss prevention, updating and monitoring compliance with insurance procedures and managing safety/risk management manuals. Cash Compensation (All dollar amounts are displayed in USD $000s) Base Salary Scope # of Resp. All Respondents 359 Bonus Amount 50th pct Average 25th pct (median) 75th pct $102.1 $85.0 $99.0 $115.0 # of Resp. 216 Target Bonus 50th pct Average 25th pct (median) 75th pct $15.4 $6.2 $11.0 $20.0 # of Resp. Average 144 19.0% 50th pct (median) # of Resp. 15.0% 359 Total Cash Compensation Yrs. In Risk Mgmt 50th pct Average 25th pct (median) 75th pct Average 50th pct (median) 15.4 14.0 $111.4 $88.0 $104.5 $129.0 Ownership Type Publicly Traded Private Government Not-for-Profit Other # of Resp. 181 87 44 34 13 50th pct Average 25th pct (median) 75th pct $107.5 $86.0 $104.9 $119.0 $99.7 $81.0 $97.0 $115.5 $94.0 $82.6 $93.0 $103.8 $89.9 $80.0 $91.1 $95.0 $103.6 $93.6 $100.0 $110.0 # of Resp. 128 66 6 10 6 50th pct Average 25th pct (median) 75th pct $17.6 $8.0 $14.8 $20.2 $12.7 $6.1 $10.0 $16.0 $16.8 -$2.0 -$7.2 $4.8 $7.3 $10.0 $11.8 -$12.8 -- # of Resp. Average 99 20.0% 36 19.0% 3 -2 -4 -- 50th pct (median) 15.0% 15.0% ---- # of Resp. 181 87 44 34 13 50th pct Average 25th pct (median) 75th pct $119.9 $91.9 $114.0 $136.0 $109.3 $89.0 $105.0 $129.5 $96.3 $82.6 $93.0 $106.0 $92.0 $80.0 $92.0 $102.0 $109.1 $93.6 $105.0 $116.2 Average 15.2 14.0 18.2 16.5 16.7 50th pct (median) 13.0 12.0 18.0 17.5 15.0 Revenue Less than $100 Million $100 - $250 Million $250 - $500 Million $500 Million - $1 Billion $1 - $5 Billion $5 - $10 Billion Greater than $10 Billion # of Resp. 23 17 25 32 112 45 80 50th pct Average 25th pct (median) 75th pct $82.2 $69.0 $80.0 $93.0 $95.3 $77.0 $96.0 $107.9 $90.7 $80.0 $91.6 $103.7 $102.5 $81.5 $93.8 $110.0 $102.4 $85.8 $99.5 $114.8 $103.4 $91.0 $103.0 $115.0 $115.3 $95.1 $110.5 $125.0 # of Resp. 8 8 13 14 76 36 53 50th pct Average 25th pct (median) 75th pct $4.9 -$2.6 -$13.5 -$11.0 -$15.2 $2.0 $4.8 $21.0 $10.8 $7.0 $8.8 $14.0 $13.5 $6.7 $10.9 $17.3 $12.8 $6.8 $10.8 $18.6 $23.8 $10.4 $18.0 $26.0 # of Resp. Average 5 10.0% 2 -2 -8 13.0% 55 18.0% 19 24.0% 48 20.0% 50th pct (median) 10.0% --10.0% 15.0% 15.0% 16.0% # of Resp. 23 17 25 32 112 45 80 50th pct Average 25th pct (median) 75th pct $83.9 $69.0 $82.2 $98.1 $101.7 $89.0 $96.0 $113.0 $98.6 $82.0 $93.6 $108.5 $107.2 $84.5 $95.5 $111.5 $111.5 $90.6 $105.5 $129.5 $113.6 $100.0 $113.0 $129.0 $131.1 $100.3 $121.3 $140.5 Average 15.5 17.9 13.8 16.4 14.8 17.1 16.2 50th pct (median) 13.0 16.8 12.0 15.5 12.0 16.0 14.0 Degree High School/Associate Degree Bachelors MA/MS MBA JD Ph.D # of Resp. 36 192 27 76 8 0 50th pct Average 25th pct (median) 75th pct $88.6 $77.0 $87.8 $93.5 $102.9 $85.0 $100.0 $113.5 $101.5 $85.0 $100.0 $111.0 $105.5 $89.5 $104.5 $119.0 $106.3 -$108.0 ------ # of Resp. 14 130 13 43 5 0 50th pct Average 25th pct (median) 75th pct $13.0 $5.6 $10.5 $20.0 $15.3 $5.9 $10.9 $19.0 $10.5 $8.0 $10.0 $14.9 $17.5 $8.0 $16.0 $21.8 $9.4 -$10.0 ------ # of Resp. Average 12 27.0% 85 17.0% 9 25.0% 27 18.0% 3 -0 -- 50th pct (median) 11.0% 15.0% 15.0% 15.0% --- # of Resp. 36 192 27 76 8 0 50th pct Average 25th pct (median) 75th pct $93.6 $77.0 $90.0 $101.8 $113.3 $89.0 $104.8 $127.0 $106.6 $90.0 $105.0 $116.9 $115.4 $92.1 $113.4 $135.0 $112.1 -$115.0 ------ Average 19.0 15.3 17.6 14.4 9.3 -- 50th pct (median) 20.5 13.0 17.0 12.5 9.0 -- Supervisory Responsibility No 1 or Fewer From 1 to 3 From 3 to 5 More than 5 # of Resp. 167 66 60 22 19 50th pct Average 25th pct (median) 75th pct $99.6 $81.9 $95.0 $110.0 $103.6 $85.0 $100.2 $118.0 $102.5 $88.5 $100.0 $113.9 $102.4 $90.0 $102.5 $119.0 $115.3 $80.0 $113.0 $131.0 # of Resp. 105 49 26 13 11 50th pct Average 25th pct (median) 75th pct $13.7 $6.1 $10.8 $19.0 $14.2 $7.0 $10.0 $20.0 $14.6 $5.0 $14.3 $16.5 $15.7 $8.3 $14.9 $18.0 $34.7 $10.0 $16.5 $45.0 # of Resp. Average 67 19.0% 34 22.0% 16 15.0% 7 17.0% 9 24.0% 50th pct (median) 15.0% 15.0% 15.0% 15.0% 20.0% # of Resp. 167 66 60 22 19 50th pct Average 25th pct (median) 75th pct $108.2 $85.0 $103.7 $126.0 $114.1 $90.0 $110.1 $130.0 $108.8 $89.3 $104.4 $116.8 $111.7 $90.0 $108.2 $130.0 $135.4 $90.0 $120.0 $150.0 Average 15.1 14.5 15.0 15.8 16.6 50th pct (median) 13.0 12.0 13.0 15.9 17.0 © 2013 Risk and Insurance Management Society, Inc. (RIMS) V - 19 US Data 2013 Risk Management Compensation Survey Manager - Insurance Management Responsibilities include directing the purchase of insurance programs, management of claims and loss control activities, management of relationships with third party service providers including brokers, insurers, consultants and other Cash Compensation (All amounts are displayed USD $000s) administrators, preparing lossdollar analyses and budgets, identifyinginexposures, recommending solutions, implementing approved programs, promoting loss prevention, updating and monitoring compliance with insurance procedures and managing safety/risk management manuals. Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt Scope Industry Agriculture Business/Info Services/Consulting/Legal/Accounting Chemical/Pharmaceutical/Biotechnology Computer Software/Services Construction/Engineering/Architectural Education Energy Entertainment & Media Finance/Banking Government Healthcare Hospitality Insurance Mfg - Durable (includes Aerospace, Computer/Office Equipment, Electronics) Mfg - Nondurable (includes Food, Paper & Allied Products) Mining/Milling/Smelting Not-for-Profit Real Estate Research & Development Retail Service Telecommunications Transportation Utilities Wholesale Distribution Other Regions (defined in Section I - 15) North East Region Mid Atlantic Region South East Region Mississippi Valley Region Mountain Region Western Region # of Resp. 3 50th pct Average 25th pct (median) 75th pct -- -- -- -- # of Resp. 3 50th pct Average 25th pct (median) 75th pct -- -- -- # of Resp. Average -- 3 -- 50th pct (median) # of Resp. 50th pct Average 25th pct (median) 75th pct -- 3 -- -- -- Average 50th pct (median) -- -- -- 6 $99.3 -- $87.5 -- 4 -- -- -- -- 3 -- -- 6 $104.9 -- $91.8 -- 14.2 13.0 13 4 15 7 24 4 17 26 23 8 18 $118.4 -$113.2 $86.5 $119.3 -$101.9 $91.4 $97.7 $83.7 $95.2 $104.0 -$80.5 -$96.8 -$81.4 $79.2 $85.0 -$89.9 $117.8 -$103.0 $80.0 $112.8 -$95.0 $91.8 $92.0 $79.5 $94.5 $134.0 -$115.0 -$136.1 -$107.5 $100.3 $104.2 -$104.0 10 3 9 2 22 2 9 2 8 5 11 $15.6 -$12.1 -$26.2 -$29.7 -$18.8 $7.9 $8.2 $14.0 ---$10.0 -----$3.5 $16.6 -$12.0 -$20.0 -$23.5 -$13.9 $8.0 $7.2 $20.0 ---$37.5 -----$10.0 8 3 5 2 12 1 6 2 5 2 9 13.0% -14.0% -33.0% -34.0% -22.0% -10.0% 12.0% -15.0% -23.0% -28.0% -25.0% -10.0% 13 4 15 7 24 4 17 26 23 8 18 $130.4 -$120.4 $89.7 $143.3 -$117.7 $91.6 $104.2 $88.7 $100.3 $120.0 -$81.0 -$108.3 -$81.4 $79.2 $85.0 -$90.0 $136.0 -$106.0 $80.0 $140.5 -$104.5 $91.8 $95.0 $87.5 $97.1 $146.0 -$127.0 -$154.1 -$136.0 $102.0 $110.0 -$113.0 13.1 -16.1 16.1 15.8 -15.6 19.5 16.8 12.9 16.2 12.0 -15.0 14.0 14.5 -15.0 19.0 16.0 12.5 14.5 37 $106.3 $83.0 $100.0 $125.0 24 $15.4 $5.0 $11.0 $20.5 19 24.0% 15.0% 37 $116.3 $85.0 $105.0 $135.0 14.5 14.0 19 $109.4 $93.0 $108.0 $126.0 15 $12.9 $7.0 $10.5 $16.5 8 14.0% 15.0% 19 $119.6 $102.0 $119.0 $135.0 11.2 10.0 8 6 11 1 18 3 5 19 32 9 23 $106.3 $90.6 $98.1 -$97.6 -$102.0 $95.7 $104.5 $95.7 $103.9 --$85.0 -$83.0 --$80.0 $92.3 -$85.0 $108.5 $73.5 $96.0 -$89.0 -$102.0 $96.0 $104.5 $90.0 $100.0 --$103.0 -$113.0 --$110.0 $114.7 -$108.0 5 2 6 0 13 2 5 11 18 6 19 $8.4 -$17.0 -$11.0 -$15.4 $17.9 $18.3 $11.6 $13.3 ----$6.0 --$12.2 $7.0 -$7.6 $5.0 -$13.0 -$8.5 -$14.9 $16.0 $9.8 $11.0 $12.0 ----$11.0 --$22.0 $18.0 -$16.0 3 0 4 0 12 0 4 7 10 7 9 ----20.0% --20.0% 13.0% 26.0% 18.0% ----12.0% --20.0% 10.0% 15.0% 20.0% 8 6 11 1 18 3 5 19 32 9 23 $111.6 $91.4 $107.4 -$105.6 -$117.3 $106.1 $114.8 $103.5 $114.9 --$92.2 -$85.0 --$88.0 $99.1 -$95.4 $110.3 $73.6 $100.0 -$98.8 -$116.9 $102.0 $108.0 $104.0 $108.9 --$122.5 -$119.4 --$129.0 $127.7 -$120.9 20.5 12.1 11.3 -13.6 -13.8 15.5 18.7 14.4 15.1 24.0 8.5 8.0 -12.5 -10.0 14.0 19.5 10.0 12.0 50th pct (median) 15.0% 15.0% 15.0% 15.0% 18.0% 12.0% # of Resp. 45 46 42 105 60 61 Average 13.1 17.0 17.3 16.2 14.9 14.0 50th pct (median) 11.0 15.0 18.0 15.0 13.5 13.0 # of Resp. 45 46 42 105 60 61 50th pct Average 25th pct (median) 75th pct $108.0 $90.0 $103.0 $120.0 $99.8 $83.0 $96.9 $110.0 $92.9 $80.0 $91.5 $104.0 $100.6 $84.6 $98.0 $115.0 $107.0 $81.8 $99.5 $123.1 $103.8 $89.0 $100.0 $119.0 © 2013 Risk and Insurance Management Society, Inc. (RIMS) # of Resp. 28 28 24 62 42 32 50th pct Average 25th pct (median) 75th pct $17.2 $7.8 $14.9 $24.3 $11.9 $8.8 $11.0 $15.0 $13.5 $3.8 $8.5 $18.0 $17.0 $6.1 $13.5 $20.0 $19.8 $7.9 $14.8 $22.0 $9.6 $4.5 $9.8 $13.5 V - 20 # of Resp. Average 21 18.0% 21 18.0% 18 17.0% 45 18.0% 24 26.0% 15 17.0% 50th pct Average 25th pct (median) 75th pct $118.7 $94.0 $114.0 $131.8 $107.1 $89.0 $105.0 $120.0 $100.6 $85.0 $96.5 $109.0 $110.6 $85.0 $102.0 $124.9 $120.9 $87.0 $105.3 $141.9 $108.8 $92.0 $107.9 $125.0 US Data 2013 Risk Management Compensation Survey Manager - Insurance Management Responsibilities include directing the purchase of insurance programs, management of claims and loss control activities, management of relationships with third party service providers including brokers, insurers, consultants and other Cash Compensation (All amounts are displayed USD $000s) administrators, preparing lossdollar analyses and budgets, identifyinginexposures, recommending solutions, implementing approved programs, promoting loss prevention, updating and monitoring compliance with insurance procedures and managing safety/risk management manuals. Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt Scope State AZ CA CO CT DC FL GA IL IN MA MI MN MO NC NJ NY OH PA TN TX VA WA WI # of Resp. 6 33 7 5 5 17 12 30 6 6 11 15 13 5 17 13 13 19 5 37 11 9 12 50th pct Average 25th pct (median) 75th pct $101.3 $110.9 $111.3 $94.9 $118.3 $89.8 $89.8 $108.7 $95.3 $114.3 $102.3 $106.2 $87.7 $86.0 $107.4 $117.8 $90.4 $97.0 $104.0 $103.0 $104.2 $91.6 $100.1 -$95.8 ---$84.0 $74.5 $88.0 --$86.0 $85.0 $74.0 -$92.6 $96.0 $81.4 $80.0 -$79.0 $92.0 -$77.0 $94.0 $106.0 $104.0 $85.0 $105.0 $90.5 $87.0 $103.5 $87.5 $110.3 $104.0 $100.3 $82.0 $86.9 $113.0 $103.0 $90.0 $98.5 $100.0 $95.0 $95.0 $87.6 $99.5 -$129.0 ---$100.0 $102.0 $125.0 --$120.0 $125.0 $104.2 -$117.8 $130.0 $102.0 $110.0 -$122.0 $125.0 -$112.2 © 2013 Risk and Insurance Management Society, Inc. (RIMS) # of Resp. 5 19 4 2 3 8 7 21 4 4 7 8 4 1 11 7 8 15 3 26 6 5 7 50th pct Average 25th pct (median) 75th pct $8.6 $9.7 ---$8.1 $17.1 $19.8 --$11.9 $23.2 --$13.2 $20.8 $14.6 $12.6 -$20.8 $10.3 $11.5 $14.0 -$3.5 -----$9.0 ------$5.6 --$9.7 -$7.9 ---- $10.0 $10.0 ---$5.8 $7.0 $18.2 --$10.0 $10.2 --$14.0 $14.7 $7.0 $11.0 -$14.5 $13.4 $8.6 $11.0 V - 21 -$14.5 -----$28.0 ------$20.0 --$15.0 -$28.0 ---- # of Resp. Average 0 12 1 2 2 9 4 16 4 3 3 6 5 1 6 8 7 10 1 18 5 2 3 -19.0% ---15.0% -19.0% ---19.0% 10.0% -14.0% 15.0% 32.0% 24.0% -30.0% 14.0% --- 50th pct (median) # of Resp. -15.0% ---15.0% -20.0% ---18.0% 10.0% -13.0% 15.0% 20.0% 15.0% -20.0% 15.0% --- 6 33 7 5 5 17 12 30 6 6 11 15 13 5 17 13 13 19 5 37 11 9 12 50th pct Average 25th pct (median) 75th pct $108.5 $116.5 $116.1 $101.7 $123.6 $93.7 $99.8 $122.6 $108.3 $133.4 $109.8 $118.6 $90.3 $87.0 $115.9 $129.1 $99.4 $107.0 $116.9 $117.6 $109.8 $98.0 $108.3 -$103.5 ---$85.1 $78.5 $95.4 --$90.0 $85.0 $78.5 -$98.1 $96.0 $81.4 $89.0 -$81.0 $92.0 -$81.0 $101.0 $114.0 $104.0 $85.0 $114.5 $90.5 $89.5 $118.1 $96.6 $133.5 $104.0 $100.3 $82.0 $91.9 $115.0 $112.7 $96.0 $108.0 $109.0 $104.0 $107.0 $93.5 $100.0 -$131.0 ---$103.3 $102.0 $140.0 --$122.0 $135.4 $104.2 -$130.0 $155.0 $110.0 $121.0 -$141.4 $135.0 -$127.7 Average 50th pct (median) 13.7 11.6 16.1 7.6 26.0 19.9 12.1 16.4 11.1 14.2 17.5 17.8 14.6 13.2 12.8 14.4 12.0 17.1 20.4 15.4 15.8 16.9 18.1 14.5 9.0 15.0 8.0 28.0 22.0 11.0 15.0 12.0 15.0 16.0 13.0 12.0 12.0 12.0 13.0 11.0 15.0 22.0 14.0 13.0 15.0 20.0 US Data 2013 Risk Management Compensation Survey Manager - Insurance Management Responsibilities include directing the purchase of insurance programs, management of claims and loss control activities, management of relationships with third party service providers including brokers, insurers, consultants and other Cash Compensation (All amounts are displayed USD $000s) administrators, preparing lossdollar analyses and budgets, identifyinginexposures, recommending solutions, implementing approved programs, promoting loss prevention, updating and monitoring compliance with insurance procedures and managing safety/riskScope management manuals. Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt Metro Area # of Resp. 50th pct Average 25th pct (median) 75th pct Atlanta, GA 10 $90.3 $74.0 $84.5 $104.0 6 $17.8 -- $6.0 -- 4 Boston-Worcester-Lawrence, MA-NH-ME-CT 5 $117.0 -- $113.0 -- 5 $23.8 -- $23.5 -- 4 Chicago-Gary-Kenosha, IL-IN-WI Cleveland-Akron, OH Dallas-Fort Worth, TX Denver-Boulder-Greeley, CO Detroit-Ann Arbor-Flint, MI Houston-Galveston-Brazoria, TX Indianapolis, IN Jacksonville, FL Kansas City, MO-KS 29 6 10 6 8 21 5 6 6 $105.4 $95.9 $90.8 $112.6 $99.6 $115.2 $97.9 $92.4 $84.0 $88.0 -$68.1 --$93.6 ---- $102.0 $95.5 $80.3 $112.0 $100.5 $105.0 $89.9 $88.8 $82.7 $119.0 -$124.2 --$134.0 ---- 21 3 6 4 4 17 3 5 3 $17.2 -$14.7 --$25.0 -$7.7 -- $9.0 ----$9.9 ---- $18.0 -$14.5 --$20.0 -$6.5 -- $25.0 ----$39.0 ---- Los Angeles-Riverside-Orange County, CA 17 $104.4 $90.0 $103.0 $129.0 8 $10.2 -- $10.0 Milwaukee-Racine, WI Minneapolis-St. Paul, MN-WI New York-Northern New Jersey-Long Island, NYNJ-CT-PA Philadelphia-Wilmington-Atlantic City, PA-NJ-DEMD Phoenix, AZ Portland-Salem, OR-WA San Diego, CA San Francisco-Oakland-San Jose, CA Seattle-Tacoma-Bremerton, WA St. Louis, MO-IL Washington-Baltimore, DC-MD-VA-WV 7 12 $107.9 $104.8 -$87.5 $110.0 $99.2 -$117.5 4 6 -$25.5 --- -$10.0 26 $112.6 $92.6 $111.3 $122.0 15 $16.3 $7.6 17 $99.3 $80.0 $105.0 $115.5 12 $13.0 5 5 5 10 8 6 14 $105.4 $83.2 $115.8 $118.5 $92.4 $89.4 $109.1 ---$104.0 --$93.0 $98.0 $85.0 $105.0 $109.0 $90.3 $97.1 $105.0 ---$140.0 --$115.5 4 0 3 7 5 1 7 ---$7.4 $11.5 -$10.2 © 2013 Risk and Insurance Management Society, Inc. (RIMS) # of Resp. 50th pct Average 25th pct (median) 75th pct 50th pct (median) # of Resp. -- -- 10 $101.0 $77.0 $85.5 -- -- 5 $140.8 -- $136.0 16 1 5 1 1 10 4 4 3 18.0% -10.0% --37.0% ---- 18.0% -10.0% --23.0% ---- 29 6 10 6 8 21 5 6 6 $117.9 $105.0 $99.6 $118.1 $103.0 $135.5 $109.8 $98.9 $86.9 $95.4 -$68.2 --$102.0 ---- -- 4 -- -- 17 $109.2 --- 2 5 -22.0% -20.0% 7 12 $117.5 $117.5 $14.7 $22.0 12 14.0% 15.0% 26 $7.7 $11.0 $20.4 9 24.0% 15.0% -------- ---$8.0 $8.6 -$9.5 -------- 0 0 3 5 2 1 7 ---21.0% --13.0% ---10.0% --10.0% V - 22 # of Resp. Average 50th pct Average 25th pct (median) 75th pct Average 50th pct (median) $104.0 12.0 11.0 -- 13.4 18.0 $116.2 $98.5 $84.3 $113.5 $103.0 $130.5 $92.1 $93.8 $87.0 $136.0 -$141.4 --$145.0 ---- 15.6 16.3 12.7 16.8 14.1 16.5 10.7 15.0 17.0 12.0 14.5 13.5 17.5 13.0 14.0 12.0 15.5 19.0 $101.6 $107.9 $129.0 10.5 8.0 -$88.1 $120.0 $100.1 -$124.8 16.1 18.0 20.0 15.5 $122.0 $96.0 $115.0 $131.8 12.4 10.5 17 $108.4 $87.6 $110.0 $130.0 15.7 15.0 5 5 5 10 8 6 14 $112.4 $83.2 $125.6 $123.7 $99.6 $92.0 $114.2 ---$110.0 --$93.0 $102.0 $85.0 $125.0 $114.2 $93.5 $97.1 $112.3 ---$140.0 --$135.0 11.4 19.5 15.8 9.6 15.9 17.7 18.9 10.0 22.0 15.0 8.0 14.0 17.5 15.5 US Data 2013 Risk Management Compensation Survey Manager - Insurance Management Responsibilities include directing the purchase of insurance programs, management of claims and loss control activities, management of relationships with third party service providers including brokers, insurers, consultants and other administrators, loss analyses and budgets, identifying exposures, recommending solutions, implementing approved programs, promoting loss prevention, updating and monitoring compliance with insurance procedures and Respondentpreparing Characteristics managing safety/risk management manuals. Gender Long-Term Incentive Eligible Male 48.2% Yes 21.4% Female 49.6% No 78.3% Did Not Indicate 2.2% Did Not Indicate Degree 0.3% Type of Long-term Incentives Received* High School/Associate Degree 10.0% Incentive Stock Options (ISOs) 32.5% Bachelors 53.5% Non-Qualified Stock Options (NQSOs) 14.3% Restricted Stock 50.6% MA/MS MBA 7.5% 21.2% Stock Appreciation Rights (SARs) JD 2.2% Performance Shares MD 0.0% Performance Units Ph.D 0.0% Long-Term Cash Other 5.6% None of the Above Received * Only includes those eligible for LTI Type of Organization Where Employed 7.8% 11.7% 5.2% 11.7% 6.5% Supervise Individuals Parent 77.4% Yes 53.5% Division 5.3% No 46.5% Subsidiary 8.4% Single Location 5.0% Other 3.9% © 2013 Risk and Insurance Management Society, Inc. (RIMS) V - 23 US Data 2013 Risk Management Compensation Survey This Page Intentionally Blank © 2013 Risk and Insurance Management Society, Inc. (RIMS) V - 24 2013 Risk Management Compensation Survey Employee Benefits/Workers Compensation Claims Manager Combination of data from the Employee Benefits Manager & Workers' Compensation Claims Manager positions. See pages 9 though 14 in Section I of this report for a detailed job description of all positions. Cash Compensation (All dollar amounts are displayed in USD $000s) Base Salary Scope # of Resp. All Respondents 45 Bonus Amount 50th pct Average 25th pct (median) 75th pct $84.4 $67.0 $82.0 $97.0 # of Resp. 20 Target Bonus 50th pct Average 25th pct (median) 75th pct $8.1 $3.5 $6.8 $11.0 # of Resp. Average 11 10.0% 50th pct (median) # of Resp. 10.0% 45 Total Cash Compensation Yrs. In Risk Mgmt 50th pct Average 25th pct (median) 75th pct Average 50th pct (median) 14.2 12.0 $88.0 $70.3 $85.0 $106.0 Ownership Type Publicly Traded Private Government Not-for-Profit Other # of Resp. 17 13 7 7 1 50th pct Average 25th pct (median) 75th pct $84.6 $70.0 $85.0 $94.0 $72.5 $60.0 $75.0 $82.0 $96.7 -$80.0 -$93.3 -$88.0 ------ # of Resp. 11 5 0 4 0 50th pct Average 25th pct (median) 75th pct $8.3 $2.9 $5.3 $15.5 $7.4 -$8.2 -------------- # of Resp. Average 6 10.0% 2 -0 -3 -0 -- 50th pct (median) 7.0% ----- # of Resp. 17 13 7 7 1 50th pct Average 25th pct (median) 75th pct $90.0 $72.3 $85.0 $110.0 $75.4 $60.0 $78.0 $90.2 $96.7 -$80.0 -$98.1 -$88.0 ------ Average 16.1 7.5 16.3 18.7 -- 50th pct (median) 16.0 7.0 18.0 16.0 -- Revenue Less than $100 Million $100 - $250 Million $250 - $500 Million $500 Million - $1 Billion $1 - $5 Billion $5 - $10 Billion Greater than $10 Billion # of Resp. 9 0 2 5 9 3 2 50th pct Average 25th pct (median) 75th pct $80.3 -$80.0 ---------$106.4 -$100.0 -$88.8 -$82.0 ---------- # of Resp. 1 0 0 3 6 2 1 50th pct Average 25th pct (median) 75th pct ----------------$8.1 -$7.2 ---------- # of Resp. Average 0 -0 -0 -2 -3 -3 -1 -- 50th pct (median) -------- # of Resp. 9 0 2 5 9 3 2 50th pct Average 25th pct (median) 75th pct $81.3 -$80.0 ---------$112.8 -$106.0 -$94.2 -$85.0 ---------- Average 12.0 --16.6 16.1 --- 50th pct (median) 9.0 --18.0 13.0 --- Degree High School/Associate Degree Bachelors MA/MS MBA JD Ph.D # of Resp. 10 25 5 2 0 0 50th pct Average 25th pct (median) 75th pct $79.3 $67.0 $82.0 $94.0 $82.8 $65.0 $85.0 $94.0 $97.0 -$99.0 -------------- # of Resp. 5 11 4 0 0 0 50th pct Average 25th pct (median) 75th pct $5.9 -$4.0 -$8.6 $3.2 $6.0 $16.0 ----------------- # of Resp. Average 3 -4 -3 -0 -0 -0 -- 50th pct (median) ------- # of Resp. 10 25 5 2 0 0 50th pct Average 25th pct (median) 75th pct $82.3 $67.0 $84.8 $96.9 $86.5 $67.0 $85.0 $101.8 $104.8 -$114.5 -------------- Average 15.9 14.3 11.8 ---- 50th pct (median) 8.5 13.0 12.0 ---- Supervisory Responsibility No 1 or Fewer From 1 to 3 From 3 to 5 More than 5 # of Resp. 17 5 8 2 8 50th pct Average 25th pct (median) 75th pct $70.8 $60.0 $74.0 $82.0 $74.6 -$70.0 -$84.0 -$81.5 -----$108.9 -$117.0 -- # of Resp. 6 2 4 1 5 50th pct Average 25th pct (median) 75th pct $5.8 -$5.7 -------------$11.7 -$9.0 -- # of Resp. Average 4 -0 -2 -0 -3 -- 50th pct (median) ------ # of Resp. 17 5 8 2 8 50th pct Average 25th pct (median) 75th pct $72.8 $60.0 $74.0 $85.0 $78.3 -$72.3 -$88.2 -$85.0 -----$116.2 -$127.0 -- Average 9.9 13.2 16.0 -14.5 50th pct (median) 10.0 13.0 19.0 -15.5 © 2013 Risk and Insurance Management Society, Inc. (RIMS) V - 25 US Data 2013 Risk Management Compensation Survey Employee Benefits/Workers Compensation Claims Manager Combination of data from the Employee Benefits Manager & Workers' Compensation Claims Manager positions. Cash Compensation (All dollar amounts are displayed in USD $000s) See pages 9 though 14 in Section I of this report for a detailed job description of all positions. Base Salary Scope Industry Agriculture Business/Info Services/Consulting/Legal/Accounting Chemical/Pharmaceutical/Biotechnology Computer Software/Services Construction/Engineering/Architectural Education Energy Entertainment & Media Finance/Banking Government Healthcare Hospitality Insurance Mfg - Durable (includes Aerospace, Computer/Office Equipment, Electronics) Mfg - Nondurable (includes Food, Paper & Allied Products) Mining/Milling/Smelting Not-for-Profit Real Estate Research & Development Retail Service Telecommunications Transportation Utilities Wholesale Distribution Other Regions (defined in Section I - 15) North East Region Mid Atlantic Region South East Region Mississippi Valley Region Mountain Region Western Region # of Resp. 50th pct Average 25th pct (median) 75th pct Bonus Amount # of Resp. Target Bonus 50th pct Average 25th pct (median) 75th pct # of Resp. Average 50th pct (median) # of Resp. Total Cash Compensation Yrs. In Risk Mgmt 50th pct Average 25th pct (median) 75th pct Average 50th pct (median) 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- -- 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- -- 0 0 0 3 0 2 0 5 5 1 2 -------$74.4 $90.2 --- ------------ -------$75.1 $85.0 --- ------------ 0 0 0 0 0 0 0 0 3 0 1 ------------ ------------ ------------ ------------ 0 0 0 0 0 0 0 0 2 0 1 ------------ ------------ 0 0 0 3 0 2 0 5 5 1 2 -------$74.4 $96.2 --- ------------ -------$75.1 $87.5 --- ------------ -------13.6 19.0 --- -------12.0 20.0 --- 4 -- -- -- -- 2 -- -- -- -- 3 -- -- 4 -- -- -- -- -- -- 3 -- -- -- -- 3 -- -- -- -- 1 -- -- 3 -- -- -- -- -- -- 0 0 1 0 6 3 1 1 3 0 4 ----$73.8 ------- ------------ ----$67.5 ------- ------------ 0 0 1 0 3 2 0 1 2 0 2 ------------ ------------ ------------ ------------ 0 0 0 0 0 2 0 1 1 0 0 ------------ ------------ 0 0 1 0 6 3 1 1 3 0 4 ----$78.8 ------- ------------ ----$72.3 ------- ------------ ----13.3 ------- ----10.5 ------- 50th pct (median) -----10.0% # of Resp. 4 1 7 8 8 17 Average --15.9 12.4 13.0 14.0 50th pct (median) --20.0 11.5 11.5 10.0 # of Resp. 4 1 7 8 8 17 50th pct Average 25th pct (median) 75th pct --------$70.7 -$65.0 -$90.8 -$85.0 -$93.7 -$77.0 -$81.9 $65.0 $82.0 $100.0 © 2013 Risk and Insurance Management Society, Inc. (RIMS) # of Resp. 4 1 3 3 1 8 50th pct Average 25th pct (median) 75th pct --------------------$10.5 -$8.8 -- V - 26 # of Resp. Average 3 -0 -1 -2 -0 -5 10.0% 50th pct Average 25th pct (median) 75th pct --------$74.6 -$67.0 -$94.2 -$86.6 -$94.0 -$77.0 -$86.8 $70.3 $82.0 $107.0 US Data 2013 Risk Management Compensation Survey Employee Benefits/Workers Compensation Claims Manager Combination of data from the Employee Benefits Manager & Workers' Compensation Claims Manager positions. Cash Compensation (All dollar amounts are displayed in USD $000s) See pages 9 though 14 in Section I of this report for a detailed job description of all positions. Base Salary Scope # of Resp. 10 State CA 50th pct Average 25th pct (median) 75th pct $79.1 $50.0 $81.0 $100.0 Bonus Amount # of Resp. 4 Target Bonus 50th pct Average 25th pct (median) 75th pct ----- # of Resp. Average 2 -- 50th pct (median) -- # of Resp. 10 Total Cash Compensation Yrs. In Risk Mgmt 50th pct Average 25th pct (median) 75th pct $83.3 $50.0 $81.0 $107.0 Average 11.0 Total Cash Compensation Yrs. In Risk Mgmt 50th pct Average 25th pct (median) 75th pct Average 50th pct (median) 7.8 9.0 50th pct (median) 9.5 Cash Compensation (All dollar amounts are displayed in USD $000s) Base Salary Scope Metro Area Los Angeles-Riverside-Orange County, CA # of Resp. 5 Bonus Amount 50th pct Average 25th pct (median) 75th pct $79.8 -- $82.0 -- © 2013 Risk and Insurance Management Society, Inc. (RIMS) # of Resp. 3 Target Bonus 50th pct Average 25th pct (median) 75th pct -- -- V - 27 -- -- # of Resp. Average 1 -- 50th pct (median) # of Resp. -- 5 $84.5 -- $82.0 -- US Data 2013 Risk Management Compensation Survey Employee Benefits/Workers Compensation Claims Manager Combination of data from the Employee Benefits Manager & Workers' Compensation Claims Manager positions. Respondent Characteristics See pages 9 though 14 in Section I of this report for a detailed job description of all positions. Gender Long-Term Incentive Eligible Male 24.4% Yes 15.6% Female 68.9% No 84.4% Did Not Indicate 6.7% Did Not Indicate Degree 0.0% Type of Long-term Incentives Received* High School/Associate Degree 22.2% Incentive Stock Options (ISOs) 14.3% Bachelors 55.6% Non-Qualified Stock Options (NQSOs) 28.6% MA/MS 11.1% Restricted Stock 28.6% MBA 4.4% Stock Appreciation Rights (SARs) 0.0% JD 0.0% Performance Shares 0.0% MD 0.0% Performance Units Ph.D 0.0% Long-Term Cash 14.3% Other 6.7% None of the Above Received * Only includes those eligible for LTI 42.9% Type of Organization Where Employed 0.0% Supervise Individuals Parent 60.0% Yes 62.2% Division 11.1% No 37.8% Subsidiary Single Location Other 6.7% 8.9% 13.3% © 2013 Risk and Insurance Management Society, Inc. (RIMS) V - 28 US Data 2013 Risk Management Compensation Survey Claims Manager Mitigates an organization’s exposure to risk by formulating, developing, and coordinating all claims-related activities, as well as resolving bona fide claims at the least possible cost through various risk transfer techniques. Directs a program to ensure the proper and efficient handling of claims, gathering data on claims for both record keeping and loss forecasting purposes, and estimating the financial value of claims. Is also responsible for post loss reduction techniques such as salvage, subrogation and rehabilitation. Cash Compensation (All dollar amounts are displayed in USD $000s) Base Salary Scope # of Resp. All Respondents 112 Bonus Amount 50th pct Average 25th pct (median) 75th pct $86.9 $70.1 $85.5 $100.1 # of Resp. 51 Target Bonus 50th pct Average 25th pct (median) 75th pct $15.9 $4.6 $10.0 $20.0 # of Resp. Average 29 22.0% 50th pct (median) # of Resp. 15.0% 112 Total Cash Compensation Yrs. In Risk Mgmt 50th pct Average 25th pct (median) 75th pct Average 50th pct (median) 16.6 15.0 $94.1 $71.5 $87.2 $109.0 Ownership Type Publicly Traded Private Government Not-for-Profit Other # of Resp. 58 34 10 6 4 50th pct Average 25th pct (median) 75th pct $92.7 $76.0 $91.3 $104.0 $76.7 $61.0 $77.5 $89.0 $83.9 $59.9 $82.3 $93.7 $103.8 -$95.0 ------ # of Resp. 31 17 2 1 0 50th pct Average 25th pct (median) 75th pct $21.5 $10.0 $17.0 $25.0 $7.8 $3.0 $5.0 $10.0 ------------- # of Resp. Average 21 26.0% 6 14.0% 1 -0 -1 -- 50th pct (median) 20.0% 12.0% ---- # of Resp. 58 34 10 6 4 50th pct Average 25th pct (median) 75th pct $104.2 $76.6 $100.0 $121.0 $80.6 $62.0 $78.5 $91.7 $84.5 $59.9 $82.3 $95.3 $104.7 -$95.0 ------ Average 16.9 14.4 20.6 15.4 -- 50th pct (median) 15.0 12.5 23.5 16.0 -- Revenue Less than $100 Million $100 - $250 Million $250 - $500 Million $500 Million - $1 Billion $1 - $5 Billion $5 - $10 Billion Greater than $10 Billion # of Resp. 9 5 8 8 18 11 20 50th pct Average 25th pct (median) 75th pct $82.5 -$71.0 -$79.8 -$89.0 -$84.0 -$79.2 -$82.5 -$84.0 -$88.3 $76.0 $90.5 $104.0 $93.9 $83.0 $90.0 $102.0 $104.4 $93.5 $100.1 $107.0 # of Resp. 3 2 4 2 8 8 14 50th pct Average 25th pct (median) 75th pct ----------------$9.0 -$8.1 -$14.7 -$15.0 -$29.1 $10.0 $20.5 $29.0 # of Resp. Average 0 -1 -2 -1 -4 -4 -9 25.0% 50th pct (median) ------12.0% # of Resp. 9 5 8 8 18 11 20 50th pct Average 25th pct (median) 75th pct $83.6 -$72.0 -$81.8 -$89.0 -$90.4 -$82.0 -$84.2 -$84.5 -$92.3 $76.0 $92.0 $111.0 $104.6 $88.0 $104.0 $125.0 $124.7 $100.4 $109.3 $149.5 Average 17.7 16.2 15.8 17.4 16.6 16.3 18.3 50th pct (median) 12.0 22.0 15.5 17.5 20.0 14.0 17.0 Degree High School/Associate Degree Bachelors MA/MS MBA JD Ph.D # of Resp. 19 68 6 9 2 0 50th pct Average 25th pct (median) 75th pct $73.0 $60.0 $70.2 $86.0 $89.2 $75.5 $88.3 $102.5 $94.5 -$98.5 -$92.4 -$92.0 ---------- # of Resp. 7 31 3 4 2 0 50th pct Average 25th pct (median) 75th pct $6.4 -$5.7 -$16.5 $5.0 $15.0 $21.0 ----------------- # of Resp. Average 4 -19 23.0% 1 -3 -0 -0 -- 50th pct (median) -20.0% ----- # of Resp. 19 68 6 9 2 0 50th pct Average 25th pct (median) 75th pct $75.4 $60.0 $71.9 $86.0 $96.8 $76.3 $90.5 $114.1 $101.9 -$98.5 -$98.2 -$100.0 ---------- Average 14.0 16.7 17.3 18.7 --- 50th pct (median) 12.0 15.5 20.0 13.0 --- Supervisory Responsibility No 1 or Fewer From 1 to 3 From 3 to 5 More than 5 # of Resp. 50 17 14 8 14 50th pct Average 25th pct (median) 75th pct $81.7 $60.0 $78.5 $100.0 $83.2 $77.0 $84.0 $96.0 $85.5 $72.0 $80.0 $100.2 $108.8 -$106.0 -$96.6 $86.0 $91.0 $110.0 # of Resp. 20 8 5 6 7 50th pct Average 25th pct (median) 75th pct $12.0 $3.0 $9.7 $20.0 $9.7 -$8.1 -$30.1 -$11.0 -$22.4 -$16.0 -$12.4 -$10.0 -- # of Resp. Average 7 29.0% 4 -3 -6 32.0% 4 -- 50th pct (median) 15.0% --23.0% -- # of Resp. 50 17 14 8 14 50th pct Average 25th pct (median) 75th pct $86.5 $62.0 $80.3 $101.0 $87.8 $77.0 $84.0 $104.0 $96.2 $72.2 $82.5 $104.0 $125.6 -$116.8 -$102.8 $86.0 $97.7 $116.5 Average 14.9 13.9 15.4 22.9 19.4 50th pct (median) 14.3 13.0 14.5 24.0 20.0 © 2013 Risk and Insurance Management Society, Inc. (RIMS) V - 29 US Data 2013 Risk Management Compensation Survey Claims Manager Mitigates an organization’s exposure to risk by formulating, developing, and coordinating all claims-related activities, as well as resolving bona fide claims at the least possible cost through various risk transfer techniques. Directs a program to Cash Compensation (All dollar amounts are gathering displayeddata in USD $000s) ensure the proper and efficient handling of claims, on claims for both record keeping and loss forecasting purposes, and estimating the financial value of claims. Is also responsible for post loss reduction techniques such as salvage, subrogation and rehabilitation. Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt Scope Industry Agriculture Business/Info Services/Consulting/Legal/Accounting Chemical/Pharmaceutical/Biotechnology Computer Software/Services Construction/Engineering/Architectural Education Energy Entertainment & Media Finance/Banking Government Healthcare Hospitality Insurance Mfg - Durable (includes Aerospace, Computer/Office Equipment, Electronics) Mfg - Nondurable (includes Food, Paper & Allied Products) Mining/Milling/Smelting Not-for-Profit Real Estate Research & Development Retail Service Telecommunications Transportation Utilities Wholesale Distribution Other Regions (defined in Section I - 15) North East Region Mid Atlantic Region South East Region Mississippi Valley Region Mountain Region Western Region # of Resp. 50th pct Average 25th pct (median) 75th pct # of Resp. 50th pct Average 25th pct (median) 75th pct # of Resp. Average 50th pct (median) # of Resp. 50th pct Average 25th pct (median) 75th pct Average 50th pct (median) 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- -- 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- -- 2 2 6 5 5 1 6 8 1 9 3 --$89.2 $76.2 $101.6 -$83.8 $72.0 -$77.6 -- ------------ --$88.0 $71.0 $102.0 -$81.5 $70.3 -$65.0 -- ------------ 1 1 5 0 4 0 5 2 0 5 2 --$8.7 ---$10.2 --$14.3 -- ------------ --$6.0 ---$6.3 --$4.0 -- ------------ 0 0 2 2 3 0 0 1 0 4 0 ------------ ------------ 2 2 6 5 5 1 6 8 1 9 3 --$96.5 $76.2 $131.5 -$92.3 $72.3 -$85.5 -- ------------ --$95.5 $71.0 $122.0 -$90.5 $70.3 -$65.0 -- ------------ --17.7 24.2 19.4 -12.3 15.8 -12.2 -- --15.0 24.0 20.0 -11.5 10.5 -8.0 -- 4 -- -- -- -- 3 -- -- -- -- 1 -- -- 4 -- -- -- -- -- -- 3 -- -- -- -- 2 -- -- -- -- 2 -- -- 3 -- -- -- -- -- -- 1 1 4 0 13 6 2 11 6 3 9 ----$84.7 $91.9 -$90.5 $89.7 -$83.8 ----$76.6 --$71.0 ---- ----$80.0 $93.0 -$79.0 $89.8 -$86.0 ----$99.0 --$100.0 ---- 1 0 1 0 5 2 0 5 4 1 2 ----$12.9 --$17.3 ---- ------------ ----$11.0 --$8.1 ---- ------------ 1 0 0 0 3 3 0 2 2 1 2 ------------ ------------ 1 1 4 0 13 6 2 11 6 3 9 ----$89.6 $94.9 -$98.4 $101.6 -$85.5 ----$76.6 --$72.2 ---- ----$91.0 $93.0 -$79.0 $98.3 -$86.0 ----$104.0 --$102.0 ---- ----12.3 18.3 -19.1 18.8 -21.2 ----13.0 18.0 -20.0 21.0 -20.0 50th pct (median) --15.0% 12.0% 10.0% -- # of Resp. 10 21 15 21 27 18 Average 19.9 18.8 15.4 16.0 16.1 14.4 50th pct (median) 20.0 18.0 13.0 14.5 15.0 12.0 # of Resp. 10 21 15 21 27 18 50th pct Average 25th pct (median) 75th pct $97.5 $78.0 $95.0 $108.8 $91.2 $74.0 $90.0 $103.0 $82.8 $65.0 $84.0 $92.0 $79.6 $64.5 $80.0 $89.6 $85.0 $72.0 $80.0 $100.0 $91.0 $61.0 $91.3 $106.0 © 2013 Risk and Insurance Management Society, Inc. (RIMS) # of Resp. 2 10 6 8 14 11 50th pct Average 25th pct (median) 75th pct ----$12.7 $5.0 $13.5 $18.0 $22.9 -$17.5 -$8.9 -$7.3 -$19.9 $3.0 $9.1 $17.0 $14.6 $3.0 $10.0 $25.0 V - 30 # of Resp. Average 1 -4 -5 16.0% 9 15.0% 8 15.0% 2 -- 50th pct Average 25th pct (median) 75th pct $101.0 $78.0 $95.0 $115.1 $97.3 $74.0 $100.0 $121.0 $91.9 $65.0 $86.0 $107.0 $82.9 $65.0 $84.0 $91.0 $95.3 $72.2 $85.0 $102.0 $99.9 $63.0 $92.2 $126.0 US Data 2013 Risk Management Compensation Survey Claims Manager Mitigates an organization’s exposure to risk by formulating, developing, and coordinating all claims-related activities, as well as resolving bona fide claims at the least possible cost through various risk transfer techniques. Directs a program to Cash Compensation (All dollar amounts are gathering displayeddata in USD $000s) ensure the proper and efficient handling of claims, on claims for both record keeping and loss forecasting purposes, and estimating the financial value of claims. Is also responsible for post loss reduction techniques such as salvage, subrogation and rehabilitation. Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt Scope # of Resp. State CA FL GA IL PA TX VA 7 5 5 5 7 16 5 50th pct Average 25th pct (median) 75th pct $111.6 $71.5 $103.0 $92.7 $86.7 $92.0 $81.3 -----$75.5 -- $106.0 $65.0 $92.0 $90.0 $84.0 $93.5 $86.5 -----$101.1 -- # of Resp. 6 1 3 2 3 9 3 50th pct Average 25th pct (median) 75th pct $17.5 ----$26.8 -- -------- $22.0 ----$10.0 -- -------- # of Resp. Average 1 1 2 2 1 5 1 50th pct (median) # of Resp. -----10.0% -- 7 5 5 5 7 16 5 -----17.0% -- 50th pct Average 25th pct (median) 75th pct $126.6 $72.7 $122.3 $97.3 $94.4 $107.0 $88.5 -----$78.0 -- $126.0 $65.0 $107.0 $90.0 $84.0 $94.0 $86.5 -----$122.3 -- Average 50th pct (median) 16.6 14.0 21.8 17.6 18.2 17.8 18.0 20.0 10.0 24.0 14.5 18.0 20.0 20.0 Cash Compensation (All dollar amounts are displayed in USD $000s) Base Salary Scope Metro Area Atlanta, GA Chicago-Gary-Kenosha, IL-IN-WI Dallas-Fort Worth, TX Houston-Galveston-Brazoria, TX Philadelphia-Wilmington-Atlantic City, PA-NJ-DEMD Washington-Baltimore, DC-MD-VA-WV # of Resp. Bonus Amount 50th pct Average 25th pct (median) 75th pct # of Resp. Target Bonus 50th pct Average 25th pct (median) 75th pct # of Resp. Average 50th pct (median) # of Resp. Total Cash Compensation Yrs. In Risk Mgmt 50th pct Average 25th pct (median) 75th pct Average 50th pct (median) 5 6 6 5 $103.0 $95.4 $93.3 $89.9 ----- $92.0 $99.1 $86.0 $95.0 ----- 3 3 3 4 ----- ----- ----- ----- 2 3 1 2 ----- ----- 5 6 6 5 $122.3 $100.9 $104.1 $115.6 ----- $107.0 $99.1 $86.0 $100.0 ----- 21.8 20.7 15.5 21.4 24.0 18.8 16.5 22.0 4 -- -- -- -- 2 -- -- -- -- 0 -- -- 4 -- -- -- -- -- -- 5 $110.9 -- $110.0 -- 3 -- -- -- -- 1 -- -- 5 $115.9 -- $125.0 -- 22.8 26.0 © 2013 Risk and Insurance Management Society, Inc. (RIMS) V - 31 US Data 2013 Risk Management Compensation Survey Claims Manager Mitigates an organization’s exposure to risk by formulating, developing, and coordinating all claims-related activities, as well as resolving bona fide claims at the least possible cost through various risk transfer techniques. Directs a program to ensure the properCharacteristics and efficient handling of claims, gathering data on claims for both record keeping and loss forecasting purposes, and estimating the financial value of claims. Is also responsible for post loss reduction techniques such as Respondent salvage, subrogation and rehabilitation. Gender Long-Term Incentive Eligible Male 43.8% Yes 25.9% Female 52.7% No 74.1% Did Not Indicate 3.6% Did Not Indicate Degree 0.0% Type of Long-term Incentives Received* High School/Associate Degree 17.0% Incentive Stock Options (ISOs) 31.0% Bachelors 60.7% Non-Qualified Stock Options (NQSOs) 17.2% 44.8% MA/MS 5.4% Restricted Stock MBA 8.0% Stock Appreciation Rights (SARs) 0.0% JD 1.8% Performance Shares 0.0% MD 0.0% Performance Units Ph.D 0.0% Long-Term Cash Other 7.1% None of the Above Received * Only includes those eligible for LTI Type of Organization Where Employed 3.4% 13.8% 6.9% Supervise Individuals Parent 76.8% Yes 55.4% Division 8.0% No 44.6% Subsidiary 2.7% Single Location 7.1% Other 5.4% © 2013 Risk and Insurance Management Society, Inc. (RIMS) V - 32 US Data 2013 Risk Management Compensation Survey Environmental, Health or Safety Manager Formulates, develops, and coordinates safety and loss control functions of the organization. Designs and directs a program to reduce accidents, occupational illnesses, and exposure to long-term health hazards through safety-training of supervisors and managers, planned inspections, skill training, first-aid care, emergency preparedness, proper job instruction, new employee indoctrination, physical protection, planned job observation, rules and practices, job analysis/procedures, disposal procedures, and protective equipment. Maintains compliance with governmental regulatory agencies. Responsible for identifying causes of past accidents for taking corrective measures. Cash Compensation (All dollar amounts are displayed in USD $000s) Base Salary Scope # of Resp. All Respondents 33 Bonus Amount 50th pct Average 25th pct (median) 75th pct $91.6 $72.5 $94.0 $104.0 # of Resp. 17 Target Bonus 50th pct Average 25th pct (median) 75th pct $17.3 $9.6 $13.0 $30.0 # of Resp. Average 12 20.0% 50th pct (median) # of Resp. 20.0% 33 Total Cash Compensation Yrs. In Risk Mgmt 50th pct Average 25th pct (median) 75th pct Average 50th pct (median) 14.9 12.0 $100.5 $72.5 $96.8 $119.5 Ownership Type Publicly Traded Private Government Not-for-Profit Other # of Resp. 12 14 6 1 0 50th pct Average 25th pct (median) 75th pct $89.1 $72.5 $92.0 $106.5 $95.5 $84.0 $97.6 $104.0 $93.7 -$88.0 ---------- # of Resp. 7 10 0 0 0 50th pct Average 25th pct (median) 75th pct $14.7 -$12.0 -$19.1 $2.5 $15.5 $36.5 ------------- # of Resp. Average 6 18.0% 6 23.0% 0 -0 -0 -- 50th pct (median) 20.0% 23.0% ---- # of Resp. 12 14 6 1 0 50th pct Average 25th pct (median) 75th pct $97.7 $74.5 $93.0 $117.3 $109.1 $93.0 $104.0 $140.0 $93.7 -$88.0 ---------- Average 14.1 16.5 13.2 --- 50th pct (median) 13.0 15.5 10.5 --- Revenue Less than $100 Million $100 - $250 Million $250 - $500 Million $500 Million - $1 Billion $1 - $5 Billion $5 - $10 Billion Greater than $10 Billion # of Resp. 0 3 7 5 4 1 3 50th pct Average 25th pct (median) 75th pct --------$95.0 -$95.0 -$74.1 -$72.5 -------------- # of Resp. 0 1 6 2 3 0 1 50th pct Average 25th pct (median) 75th pct --------$20.1 -$25.0 ------------------ # of Resp. Average 0 -1 -4 -0 -2 -1 -1 -- 50th pct (median) -------- # of Resp. 0 3 7 5 4 1 3 50th pct Average 25th pct (median) 75th pct --------$112.2 -$115.0 -$78.7 -$72.5 -------------- Average --19.6 13.0 ---- 50th pct (median) --17.0 12.0 ---- Degree High School/Associate Degree Bachelors MA/MS MBA JD Ph.D # of Resp. 3 18 7 4 0 0 50th pct Average 25th pct (median) 75th pct ----$87.8 $72.5 $91.5 $100.0 $108.4 -$100.0 -------------- # of Resp. 2 11 1 2 0 0 50th pct Average 25th pct (median) 75th pct ----$14.9 $4.0 $12.0 $20.0 ----------------- # of Resp. Average 0 -7 19.0% 3 -2 -0 -0 -- 50th pct (median) -20.0% ----- # of Resp. 3 18 7 4 0 0 50th pct Average 25th pct (median) 75th pct ----$96.9 $72.5 $98.4 $110.0 $114.1 -$114.0 -------------- Average -16.3 13.9 ---- 50th pct (median) -16.5 11.0 ---- Supervisory Responsibility No 1 or Fewer From 1 to 3 From 3 to 5 More than 5 # of Resp. 15 3 4 4 6 50th pct Average 25th pct (median) 75th pct $86.1 $64.0 $90.0 $106.0 ------------$105.0 -$100.6 -- # of Resp. 6 2 2 2 4 50th pct Average 25th pct (median) 75th pct $13.8 -$11.5 ------------------ # of Resp. Average 6 16.0% 1 -0 -0 -4 -- 50th pct (median) 20.0% ----- # of Resp. 15 3 4 4 6 50th pct Average 25th pct (median) 75th pct $91.6 $64.0 $93.0 $110.0 ------------$122.0 -$127.6 -- Average 14.3 ---13.3 50th pct (median) 12.0 ---13.0 © 2013 Risk and Insurance Management Society, Inc. (RIMS) V - 33 US Data 2013 Risk Management Compensation Survey Environmental, Health or Safety Manager Formulates, develops, and coordinates safety and loss control functions of the organization. Designs and directs a program to reduce accidents, occupational illnesses, and exposure to long-term health hazards through safety-training of Cash Compensation (Allplanned dollar inspections, amounts are in USDcare, $000s) supervisors and managers, skilldisplayed training, first-aid emergency preparedness, proper job instruction, new employee indoctrination, physical protection, planned job observation, rules and practices, job analysis/procedures, disposal procedures, and protective equipment. Maintains compliance with governmental regulatory agencies. Responsible for identifying causes of past accidents for taking corrective measures. Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt Scope Industry Agriculture Business/Info Services/Consulting/Legal/Accounting Chemical/Pharmaceutical/Biotechnology Computer Software/Services Construction/Engineering/Architectural Education Energy Entertainment & Media Finance/Banking Government Healthcare Hospitality Insurance Mfg - Durable (includes Aerospace, Computer/Office Equipment, Electronics) Mfg - Nondurable (includes Food, Paper & Allied Products) Mining/Milling/Smelting Not-for-Profit Real Estate Research & Development Retail Service Telecommunications Transportation Utilities Wholesale Distribution Other Regions (defined in Section I - 15) North East Region Mid Atlantic Region South East Region Mississippi Valley Region Mountain Region Western Region # of Resp. 50th pct Average 25th pct (median) 75th pct # of Resp. 50th pct Average 25th pct (median) 75th pct # of Resp. Average 50th pct (median) # of Resp. 50th pct Average 25th pct (median) 75th pct Average 50th pct (median) 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- -- 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- -- 1 0 1 1 0 2 0 5 0 3 2 -------$93.2 ---- ------------ -------$80.0 ---- ------------ 0 0 1 0 0 2 0 0 0 2 1 ------------ ------------ ------------ ------------ 0 0 0 0 0 1 0 0 0 1 0 ------------ ------------ 1 0 1 1 0 2 0 5 0 3 2 -------$93.2 ---- ------------ -------$80.0 ---- ------------ -------14.4 ---- -------11.0 ---- 2 -- -- -- -- 2 -- -- -- -- 2 -- -- 2 -- -- -- -- -- -- 6 $109.7 -- $102.6 -- 2 -- -- -- -- 3 -- -- 6 $116.5 -- $110.0 -- 16.8 16.0 0 0 0 0 4 0 2 0 0 0 4 ------------ ------------ ------------ ------------ 0 0 0 0 3 0 2 0 0 0 2 ------------ ------------ ------------ ------------ 0 0 0 0 2 0 1 0 0 0 2 ------------ ------------ 0 0 0 0 4 0 2 0 0 0 4 ------------ ------------ ------------ ------------ ------------ ------------ 50th pct (median) ------- # of Resp. 4 4 8 3 7 7 Average --12.8 -13.1 13.1 50th pct (median) --10.5 -12.0 12.0 # of Resp. 4 4 8 3 7 7 50th pct Average 25th pct (median) 75th pct --------$76.1 -$68.0 -----$82.4 -$82.0 -$103.1 -$110.0 -- © 2013 Risk and Insurance Management Society, Inc. (RIMS) # of Resp. 4 2 4 1 4 2 50th pct Average 25th pct (median) 75th pct ------------------------- V - 34 # of Resp. Average 2 -1 -4 -2 -3 -0 -- 50th pct Average 25th pct (median) 75th pct --------$78.9 -$68.0 -----$97.2 -$92.0 -$109.1 -$110.0 -- US Data 2013 Risk Management Compensation Survey Environmental, Health or Safety Manager Formulates, develops, and coordinates safety and loss control functions of the organization. Designs and directs a program to reduce accidents, occupational illnesses, and exposure to long-term health hazards through safety-training of Cash Compensation (Allplanned dollar inspections, amounts are in USDcare, $000s) supervisors and managers, skilldisplayed training, first-aid emergency preparedness, proper job instruction, new employee indoctrination, physical protection, planned job observation, rules and practices, job analysis/procedures, disposal procedures, and protective equipment. Maintains compliance with governmental regulatory agencies. Responsible for identifying causes of past accidents for taking corrective measures. Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt Scope # of Resp. 5 State FL 50th pct Average 25th pct (median) 75th pct $74.0 -$64.0 -- # of Resp. 3 50th pct Average 25th pct (median) 75th pct ----- # of Resp. Average 2 -- 50th pct (median) -- # of Resp. 5 50th pct Average 25th pct (median) 75th pct $76.5 -$64.0 -- Average 14.0 50th pct (median) 10.0 Total Cash Compensation Yrs. In Risk Mgmt 50th pct Average 25th pct (median) 75th pct Average Cash Compensation (All dollar amounts are displayed in USD $000s) Base Salary Scope Metro Area # of Resp. Bonus Amount 50th pct Average 25th pct (median) 75th pct # of Resp. 50th pct Average 25th pct (median) 75th pct Target Bonus # of Resp. Average 50th pct (median) # of Resp. 50th pct (median) No Breakdowns Available - Insufficient Sample Size © 2013 Risk and Insurance Management Society, Inc. (RIMS) V - 35 US Data 2013 Risk Management Compensation Survey Environmental, Health or Safety Manager Formulates, develops, and coordinates safety and loss control functions of the organization. Designs and directs a program to reduce accidents, occupational illnesses, and exposure to long-term health hazards through safety-training of supervisors and managers, planned inspections, skill training, first-aid care, emergency preparedness, proper job instruction, new employee indoctrination, physical protection, planned job observation, rules and practices, job Respondent Characteristics analysis/procedures, disposal procedures, and protective equipment. Maintains compliance with governmental regulatory agencies. Responsible for identifying causes of past accidents for taking corrective measures. Gender Long-Term Incentive Eligible Male 78.8% Yes 30.3% Female 21.2% No 69.7% Did Not Indicate 0.0% Did Not Indicate 9.1% Incentive Stock Options (ISOs) 20.0% Degree High School/Associate Degree 0.0% Type of Long-term Incentives Received* Bachelors 54.5% Non-Qualified Stock Options (NQSOs) 20.0% MA/MS 21.2% Restricted Stock 50.0% MBA 12.1% Stock Appreciation Rights (SARs) 0.0% JD 0.0% Performance Shares MD 0.0% Performance Units Ph.D 0.0% Long-Term Cash 10.0% Other 3.0% None of the Above Received * Only includes those eligible for LTI 20.0% Type of Organization Where Employed 10.0% 0.0% Supervise Individuals Parent 57.6% Yes 54.5% Division 24.2% No 45.5% Subsidiary 6.1% Single Location 6.1% Other 6.1% © 2013 Risk and Insurance Management Society, Inc. (RIMS) V - 36 US Data 2013 Risk Management Compensation Survey Risk Management Analyst (Enterprise-Wide) Supports the risk manager regarding all aspects of the enterprise-wide risk management program. Responsibilities include facilitating the identification of risks throughout the organization, developing, reporting and monitoring formats on risk management issues and developing methodologies for the assessment of risks throughout the organization. Cash Compensation (All dollar amounts are displayed in USD $000s) Base Salary Scope # of Resp. All Respondents 79 Bonus Amount 50th pct Average 25th pct (median) 75th pct $76.5 $63.0 $72.5 $87.0 # of Resp. 38 Target Bonus 50th pct Average 25th pct (median) 75th pct $7.7 $2.0 $4.0 $8.0 # of Resp. Average 30 9.0% 50th pct (median) # of Resp. 10.0% 79 Total Cash Compensation Yrs. In Risk Mgmt 50th pct Average 25th pct (median) 75th pct Average 50th pct (median) 9.4 6.0 $80.2 $64.2 $77.5 $91.0 Ownership Type Publicly Traded Private Government Not-for-Profit Other # of Resp. 27 25 13 10 4 50th pct Average 25th pct (median) 75th pct $75.4 $64.0 $75.0 $85.0 $80.8 $65.0 $79.0 $90.0 $73.8 $68.0 $70.0 $78.0 $75.8 $62.0 $75.0 $88.0 ----- # of Resp. 13 16 2 5 2 50th pct Average 25th pct (median) 75th pct $9.8 $2.0 $3.4 $7.6 $8.8 $4.0 $7.3 $11.0 ----$3.2 -$2.5 ------ # of Resp. Average 12 10.0% 16 9.0% 0 -2 -0 -- 50th pct (median) 10.0% 10.0% ---- # of Resp. 27 25 13 10 4 50th pct Average 25th pct (median) 75th pct $80.1 $64.2 $78.8 $92.0 $86.4 $66.5 $83.4 $94.6 $74.1 $68.0 $70.0 $78.0 $77.4 $65.0 $75.2 $90.5 ----- Average 6.4 8.6 17.2 9.3 -- 50th pct (median) 4.0 6.0 18.0 8.0 -- Revenue Less than $100 Million $100 - $250 Million $250 - $500 Million $500 Million - $1 Billion $1 - $5 Billion $5 - $10 Billion Greater than $10 Billion # of Resp. 5 7 5 9 23 10 6 50th pct Average 25th pct (median) 75th pct $66.9 -$52.0 -$77.3 -$79.7 -$76.1 -$72.0 -$72.3 -$72.0 -$84.5 $63.0 $79.0 $92.0 $72.8 $52.0 $74.0 $90.0 $78.2 -$77.2 -- # of Resp. 3 2 3 7 11 5 2 50th pct Average 25th pct (median) 75th pct ------------$4.1 -$2.5 -$6.8 $2.3 $3.5 $8.6 $9.2 -$7.6 ------ # of Resp. Average 3 -1 -1 -6 8.0% 9 8.0% 4 -4 -- 50th pct (median) ---9.0% 9.0% --- # of Resp. 5 7 5 9 23 10 6 50th pct Average 25th pct (median) 75th pct $69.5 -$52.0 -$78.9 -$79.7 -$78.9 -$72.0 -$75.5 -$72.6 -$87.8 $63.5 $81.0 $94.6 $77.4 $52.0 $74.0 $97.6 $81.5 -$83.5 -- Average 7.9 15.6 5.8 6.3 7.7 8.2 12.2 50th pct (median) 3.5 14.0 6.0 5.0 5.0 5.5 10.0 Degree High School/Associate Degree Bachelors MA/MS MBA JD Ph.D # of Resp. 8 41 4 18 2 1 50th pct Average 25th pct (median) 75th pct $69.8 -$68.8 -$72.6 $60.0 $70.0 $88.0 ----$80.5 $72.0 $80.0 $88.0 --------- # of Resp. 2 22 3 10 1 0 50th pct Average 25th pct (median) 75th pct ----$8.1 $2.0 $3.5 $8.0 ----$5.4 $1.6 $3.8 $8.6 --------- # of Resp. Average 0 -18 10.0% 2 -8 9.0% 1 -0 -- 50th pct (median) -10.0% -10.0% --- # of Resp. 8 41 4 18 2 1 50th pct Average 25th pct (median) 75th pct $71.5 -$71.1 -$77.0 $60.9 $72.0 $90.4 ----$83.5 $72.0 $80.5 $92.0 --------- Average 12.5 9.5 -6.0 --- 50th pct (median) 14.0 8.0 -5.0 --- Supervisory Responsibility No 1 or Fewer From 1 to 3 From 3 to 5 More than 5 # of Resp. 59 9 10 0 1 50th pct Average 25th pct (median) 75th pct $72.0 $58.0 $71.0 $83.0 $96.4 -$90.0 -$86.2 $72.0 $80.2 $88.0 --------- # of Resp. 26 7 4 0 1 50th pct Average 25th pct (median) 75th pct $7.4 $2.0 $3.5 $8.0 $9.5 -$5.0 -------------- # of Resp. Average 20 8.0% 5 13.0% 4 -0 -1 -- 50th pct (median) 9.0% 10.0% ---- # of Resp. 59 9 10 0 1 50th pct Average 25th pct (median) 75th pct $75.3 $60.0 $72.0 $88.0 $103.8 -$90.0 -$88.4 $72.0 $84.2 $94.6 --------- Average 8.6 10.7 12.3 --- 50th pct (median) 6.0 8.0 8.0 --- © 2013 Risk and Insurance Management Society, Inc. (RIMS) V - 37 US Data 2013 Risk Management Compensation Survey Risk Management Analyst (Enterprise-Wide) Supports the risk manager regarding all aspects of the enterprise-wide risk management program. Responsibilities include facilitating the identification of risks throughout the organization, developing, reporting and monitoring formats on risk Cash Compensation dollar amounts are displayed in USD of $000s) management issues and (All developing methodologies for the assessment risks throughout the organization. Base Salary Scope Industry Agriculture Business/Info Services/Consulting/Legal/Accounting Chemical/Pharmaceutical/Biotechnology Computer Software/Services Construction/Engineering/Architectural Education Energy Entertainment & Media Finance/Banking Government Healthcare Hospitality Insurance Mfg - Durable (includes Aerospace, Computer/Office Equipment, Electronics) Mfg - Nondurable (includes Food, Paper & Allied Products) Mining/Milling/Smelting Not-for-Profit Real Estate Research & Development Retail Service Telecommunications Transportation Utilities Wholesale Distribution Other Regions (defined in Section I - 15) North East Region Mid Atlantic Region South East Region Mississippi Valley Region Mountain Region Western Region # of Resp. 1 Bonus Amount 50th pct Average 25th pct (median) 75th pct -- -- 0 -- 5 1 3 3 1 0 6 7 3 1 9 $102.8 -----$82.2 $69.8 --$77.1 4 # of Resp. -- -- 0 -- -- -- ------------ $79.0 -----$83.3 $70.0 --$78.8 ------------ -- -- -- 3 -- -- 0 3 1 0 7 3 0 2 10 3 3 ----$68.2 ---$84.1 --- --------$60.0 --- # of Resp. 5 13 12 16 16 17 50th pct Average 25th pct (median) 75th pct -- -- 0 -- 5 1 3 0 1 0 3 0 1 1 5 $10.4 ---------$4.7 -- 1 -- -- ----$66.5 ---$77.0 --- --------$103.0 --- 50th pct Average 25th pct (median) 75th pct $71.8 -$70.0 -$76.1 $62.5 $79.0 $90.0 $62.7 $50.8 $65.0 $71.5 $75.4 $66.5 $75.0 $85.0 $82.1 $63.5 $75.8 $88.0 $83.8 $70.0 $79.7 $90.0 © 2013 Risk and Insurance Management Society, Inc. (RIMS) Target Bonus # of Resp. Average 50th pct (median) # of Resp. -- -- 0 -- -- 1 -- -- -- 0 -- -- ------------ $4.4 ---------$3.0 ------------ 2 1 2 0 1 0 2 0 0 1 6 ----------9.0% ----------10.0% -- -- -- -- 2 -- 3 -- -- -- -- 2 0 1 0 0 4 1 0 1 4 0 3 ------------ ------------ ------------ ------------ 0 0 0 0 6 2 0 0 2 0 1 # of Resp. 1 8 6 8 8 7 50th pct Average 25th pct (median) 75th pct ----$6.2 -$4.0 -$15.5 -$5.5 -$5.7 -$5.0 -$9.7 -$8.2 -$3.4 -$2.5 -- V - 38 Total Cash Compensation Yrs. In Risk Mgmt 50th pct Average 25th pct (median) 75th pct Average 50th pct (median) -- -- -- -- 0 -- 5 1 3 3 1 0 6 7 3 1 9 $113.2 -----$84.7 $69.8 --$79.7 -- 4 -- -- ----9.0% ------- ----8.0% ------50th pct (median) -8.0% 10.0% 10.0% 10.0% 10.0% # of Resp. 5 13 12 16 16 17 # of Resp. Average 0 -5 11.0% 5 8.0% 8 10.0% 7 8.0% 5 9.0% -- -- -- -- -- -- -- ------------ $83.4 -----$84.0 $70.0 --$78.8 ------------ 10.3 -----9.8 18.6 --7.0 6.0 -----9.0 19.0 --5.0 -- -- -- -- -- -- 3 -- -- -- -- -- -- 0 3 1 0 7 3 0 2 10 3 3 ----$71.4 ---$85.9 --- --------$63.0 --- ----$77.0 ---$81.1 --- --------$103.0 --- ----6.7 ---8.0 --- ----4.0 ---5.5 --- Average 4.2 8.8 9.3 7.8 10.8 11.8 50th pct (median) 3.0 8.0 6.0 6.0 11.5 10.0 50th pct Average 25th pct (median) 75th pct $72.2 -$72.0 -$79.9 $63.5 $83.4 $93.3 $70.4 $50.8 $66.5 $80.3 $78.3 $70.0 $75.2 $88.7 $86.9 $64.8 $78.4 $94.3 $85.2 $70.0 $79.7 $91.0 US Data 2013 Risk Management Compensation Survey Risk Management Analyst (Enterprise-Wide) Supports the risk manager regarding all aspects of the enterprise-wide risk management program. Responsibilities include facilitating the identification of risks throughout the organization, developing, reporting and monitoring formats on risk Cash Compensation dollar amounts are displayed in USD of $000s) management issues and (All developing methodologies for the assessment risks throughout the organization. Base Salary Scope # of Resp. 6 5 7 7 9 State CA CO OR PA TX Bonus Amount 50th pct Average 25th pct (median) 75th pct $74.7 -$77.4 -$70.4 -$64.0 -$86.0 -$72.5 -$72.0 -$75.0 -$94.0 -$85.0 -- # of Resp. 3 2 3 5 6 Target Bonus 50th pct Average 25th pct (median) 75th pct ------------$3.5 -$3.5 -$11.7 -$10.5 -- # of Resp. Average 4 -1 -1 -3 -6 8.0% 50th pct (median) ----10.0% # of Resp. 6 5 7 7 9 Total Cash Compensation Yrs. In Risk Mgmt 50th pct Average 25th pct (median) 75th pct $76.2 -$78.6 -$71.9 -$70.4 -$87.0 -$74.1 -$74.5 -$81.0 -$101.8 -$85.0 -- Average 9.5 11.1 12.6 7.1 10.3 Total Cash Compensation Yrs. In Risk Mgmt 50th pct Average 25th pct (median) 75th pct Average 50th pct (median) 11.1 11.3 10.0 13.0 50th pct (median) 5.0 10.0 12.0 6.0 13.0 Cash Compensation (All dollar amounts are displayed in USD $000s) Base Salary Scope Metro Area Denver-Boulder-Greeley, CO Houston-Galveston-Brazoria, TX Philadelphia-Wilmington-Atlantic City, PA-NJ-DEMD Portland-Salem, OR-WA # of Resp. Bonus Amount 50th pct Average 25th pct (median) 75th pct # of Resp. Target Bonus 50th pct Average 25th pct (median) 75th pct # of Resp. Average 50th pct (median) # of Resp. 5 5 $70.4 $111.2 --- $64.0 $91.0 --- 2 4 --- --- --- --- 1 4 --- --- 5 5 $71.9 $121.7 --- $70.4 $102.0 --- 5 $72.3 -- $75.0 -- 3 -- -- -- -- 3 -- -- 5 $75.0 -- $81.0 -- 9.0 8.0 6 $88.9 -- $81.3 -- 3 -- -- -- -- 1 -- -- 6 $90.1 -- $82.1 -- 13.0 13.0 © 2013 Risk and Insurance Management Society, Inc. (RIMS) V - 39 US Data 2013 Risk Management Compensation Survey Risk Management Analyst (Enterprise-Wide) Supports the risk manager regarding all aspects of the enterprise-wide risk management program. Responsibilities include facilitating the identification of risks throughout the organization, developing, reporting and monitoring formats on risk management issues and developing methodologies for the assessment of risks throughout the organization. Respondent Characteristics Gender Long-Term Incentive Eligible Male 40.5% Yes 6.3% Female 57.0% No 93.7% Did Not Indicate 2.5% Did Not Indicate Degree Type of Long-term Incentives Received* High School/Associate Degree 10.1% Incentive Stock Options (ISOs) Bachelors 51.9% Non-Qualified Stock Options (NQSOs) MA/MS MBA 0.0% 5.1% 22.8% 40.0% 0.0% Restricted Stock 40.0% Stock Appreciation Rights (SARs) 0.0% JD 2.5% Performance Shares 0.0% MD 0.0% Performance Units 0.0% Ph.D 1.3% Long-Term Cash Other 6.3% None of the Above Received * Only includes those eligible for LTI Type of Organization Where Employed 0.0% 20.0% Supervise Individuals Parent 69.6% Yes 25.3% Division 12.7% No 74.7% Subsidiary 1.3% Single Location 7.6% Other 8.9% © 2013 Risk and Insurance Management Society, Inc. (RIMS) V - 40 US Data 2013 Risk Management Compensation Survey Risk Management Analyst Supports the risk manager regarding all aspects of a financial risk management and/or corporate insurance program. Responsibilities include the development, implementation and application of risk metrics and methodologies and the monitoring, analysis and reporting of financial risk exposures. Responsibilities may also include compilation of underwriting information and coverage placement, claims administration, loss forecasting, and analysis to assist in loss reduction. Supports organizational compliance with risk policies through regular risk exposure monitoring and reporting. Responsible for documenting and reporting risk policy exceptions to risk committee. Cash Compensation (All dollar amounts are displayed in USD $000s) Base Salary Scope # of Resp. All Respondents 202 Bonus Amount 50th pct Average 25th pct (median) 75th pct $69.6 $57.0 $67.9 $80.0 # of Resp. 103 Target Bonus 50th pct Average 25th pct (median) 75th pct $6.0 $2.2 $4.0 $7.4 # of Resp. Average 46 12.0% 50th pct (median) # of Resp. 10.0% 202 Total Cash Compensation Yrs. In Risk Mgmt 50th pct Average 25th pct (median) 75th pct Average 50th pct (median) 9.8 8.0 $72.7 $58.0 $71.0 $82.0 Ownership Type Publicly Traded Private Government Not-for-Profit Other # of Resp. 104 58 22 15 3 50th pct Average 25th pct (median) 75th pct $70.3 $57.0 $68.0 $80.0 $66.5 $55.0 $64.8 $73.0 $68.6 $62.4 $70.8 $78.0 $74.8 $55.0 $82.0 $91.1 ----- # of Resp. 54 38 0 9 2 50th pct Average 25th pct (median) 75th pct $7.2 $3.0 $4.8 $8.0 $5.1 $1.8 $3.7 $6.0 ----$2.1 -$1.8 ------ # of Resp. Average 25 10.0% 20 13.0% 0 -1 -0 -- 50th pct (median) 10.0% 10.0% ---- # of Resp. 104 58 22 15 3 50th pct Average 25th pct (median) 75th pct $74.0 $59.0 $71.8 $83.7 $69.8 $57.5 $67.0 $78.9 $68.6 $62.4 $70.8 $78.0 $76.1 $56.4 $82.0 $91.1 ----- Average 9.3 8.8 11.8 13.3 -- 50th pct (median) 7.0 8.0 10.0 12.0 -- Revenue Less than $100 Million $100 - $250 Million $250 - $500 Million $500 Million - $1 Billion $1 - $5 Billion $5 - $10 Billion Greater than $10 Billion # of Resp. 8 8 14 24 50 25 36 50th pct Average 25th pct (median) 75th pct $71.2 -$67.3 -$74.2 -$71.9 -$63.8 $52.0 $59.0 $70.0 $65.6 $52.7 $64.0 $70.8 $73.7 $64.0 $74.2 $84.0 $64.5 $54.0 $62.0 $72.0 $77.9 $66.4 $74.0 $89.3 # of Resp. 6 4 7 10 26 13 21 50th pct Average 25th pct (median) 75th pct $5.0 -$3.3 -----$5.2 -$5.8 -$4.0 $1.7 $3.3 $5.0 $4.3 $2.4 $4.3 $5.0 $6.3 $1.0 $2.4 $3.5 $8.4 $3.5 $6.0 $13.5 # of Resp. Average 4 -2 -4 -4 -15 10.0% 5 11.0% 9 14.0% 50th pct (median) ----10.0% 10.0% 15.0% # of Resp. 8 8 14 24 50 25 36 50th pct Average 25th pct (median) 75th pct $74.9 -$70.6 -$78.8 -$78.0 -$66.4 $52.0 $61.2 $77.5 $67.2 $54.9 $64.0 $73.5 $75.9 $65.0 $75.5 $85.0 $67.8 $56.0 $64.5 $72.5 $82.8 $68.6 $78.7 $95.2 Average 10.1 11.7 11.4 9.0 10.5 9.1 8.9 50th pct (median) 8.0 11.5 8.0 8.0 8.8 8.0 7.5 Degree High School/Associate Degree Bachelors MA/MS MBA JD Ph.D # of Resp. 34 118 15 21 6 0 50th pct Average 25th pct (median) 75th pct $67.5 $55.0 $65.8 $76.0 $69.1 $56.0 $67.1 $78.0 $70.8 $67.0 $72.0 $78.0 $78.4 $65.0 $80.0 $90.0 $73.7 -$74.5 ------ # of Resp. 14 62 9 13 2 0 50th pct Average 25th pct (median) 75th pct $5.7 $2.0 $5.7 $8.0 $5.9 $1.9 $3.5 $7.0 $6.2 -$4.5 -$7.6 $5.0 $5.3 $9.5 --------- # of Resp. Average 2 -28 11.0% 4 -10 15.0% 1 -0 -- 50th pct (median) -10.0% -13.0% --- # of Resp. 34 118 15 21 6 0 50th pct Average 25th pct (median) 75th pct $69.8 $56.0 $69.0 $81.0 $72.2 $57.2 $69.0 $81.4 $74.5 $72.0 $76.5 $79.0 $83.2 $70.0 $80.0 $97.0 $74.6 -$74.5 ------ Average 13.0 9.4 9.6 8.5 6.2 -- 50th pct (median) 11.0 8.5 7.0 6.0 5.0 -- Supervisory Responsibility No 1 or Fewer From 1 to 3 From 3 to 5 More than 5 # of Resp. 186 11 3 0 0 50th pct Average 25th pct (median) 75th pct $69.1 $56.0 $67.5 $79.2 $74.9 $63.0 $69.0 $82.0 ------------- # of Resp. 94 7 1 0 0 50th pct Average 25th pct (median) 75th pct $5.8 $2.0 $4.0 $7.0 $8.0 -$2.5 -------------- # of Resp. Average 41 11.0% 4 -1 -0 -0 -- 50th pct (median) 10.0% ----- # of Resp. 186 11 3 0 0 50th pct Average 25th pct (median) 75th pct $72.0 $57.5 $70.0 $81.4 $80.0 $63.0 $78.0 $87.0 ------------- Average 9.7 11.2 ---- 50th pct (median) 8.0 10.0 ---- © 2013 Risk and Insurance Management Society, Inc. (RIMS) V - 41 US Data 2013 Risk Management Compensation Survey Risk Management Analyst Supports the risk manager regarding all aspects of a financial risk management and/or corporate insurance program. Responsibilities include the development, implementation and application of risk metrics and methodologies and the Cash Compensation dollarofamounts areexposures. displayedResponsibilities in USD $000s)may also include compilation of underwriting information and coverage placement, claims administration, loss forecasting, and analysis to assist in loss reduction. monitoring, analysis and(All reporting financial risk Base Salary Bonus Amount Target Bonus Total Cash Compensation Scope Supports organizational compliance with risk policies through regular risk exposure monitoring and reporting. Responsible for documenting and reporting risk policy exceptions to risk committee. Industry Agriculture Business/Info Services/Consulting/Legal/Accounting Chemical/Pharmaceutical/Biotechnology Computer Software/Services Construction/Engineering/Architectural Education Energy Entertainment & Media Finance/Banking Government Healthcare Hospitality Insurance Mfg - Durable (includes Aerospace, Computer/Office Equipment, Electronics) Mfg - Nondurable (includes Food, Paper & Allied Products) Mining/Milling/Smelting Not-for-Profit Real Estate Research & Development Retail Service Telecommunications Transportation Utilities Wholesale Distribution Other Regions (defined in Section I - 15) North East Region Mid Atlantic Region South East Region Mississippi Valley Region Mountain Region Western Region # of Resp. 1 50th pct Average 25th pct (median) 75th pct -- -- -- -- # of Resp. 1 50th pct Average 25th pct (median) 75th pct -- -- -- # of Resp. Average -- 0 -- 50th pct (median) # of Resp. -- 1 Yrs. In Risk Mgmt 50th pct Average 25th pct (median) 75th pct -- -- -- -- Average 50th pct (median) -- -- 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- -- 12 5 7 6 17 3 9 11 9 4 8 $82.4 $78.3 $68.7 $69.5 $73.2 -$71.3 $67.0 $71.0 -$73.3 $67.5 ---$64.0 --$62.0 ---- $76.8 $76.5 $70.0 $63.9 $71.5 -$68.0 $69.0 $73.0 -$70.0 $95.8 ---$82.0 --$76.0 ---- 11 2 4 1 12 2 6 0 6 3 3 $4.4 ---$7.9 -$3.4 -$4.1 --- $0.9 ---$2.0 ------- $3.0 ---$6.5 -$3.0 -$3.7 --- $5.0 ---$12.5 ------- 6 0 2 1 7 1 0 0 1 3 1 7.0% ---13.0% ------- 7.0% ---10.0% ------- 12 5 7 6 17 3 9 11 9 4 8 $86.5 $79.9 $71.4 $72.0 $78.8 -$73.5 $67.0 $73.8 -$75.1 $70.8 ---$68.0 --$62.0 ---- $79.7 $78.9 $72.0 $63.9 $72.0 -$76.0 $69.0 $78.9 -$73.8 $98.3 ---$88.1 --$76.0 ---- 8.6 14.2 5.6 8.8 9.1 -11.8 12.5 10.8 -10.9 8.3 13.0 5.0 7.5 6.5 -10.0 13.0 12.0 -6.5 23 $66.6 $54.6 $62.0 $77.0 10 $7.2 $2.4 $3.9 $8.8 4 -- -- 23 $69.7 $57.0 $70.9 $78.0 9.7 6.5 7 $58.6 -- $54.0 -- 2 -- -- -- -- 1 -- -- 7 $59.8 -- $56.0 -- 6.0 4.0 3 1 10 2 7 4 7 15 15 3 12 --$53.6 -$62.0 -$60.3 $69.5 $75.6 -$73.2 --$48.0 ----$52.0 $58.0 -$66.5 --$54.5 -$62.9 -$61.4 $66.0 $70.0 -$74.5 --$57.2 ----$80.0 $92.8 -$81.0 0 0 4 2 4 2 2 7 9 1 9 -------$13.4 $5.4 -$5.6 ------------ -------$7.0 $4.8 -$5.0 ------------ 0 0 2 1 1 0 2 3 4 0 6 ----------9.0% ----------10.0% 3 1 10 2 7 4 7 15 15 3 12 --$56.9 -$63.8 -$61.4 $75.8 $78.9 -$77.4 --$48.0 ----$62.0 $58.0 -$69.0 --$56.6 -$62.9 -$63.9 $78.0 $77.8 -$76.3 --$61.0 ----$97.0 $99.0 -$90.5 --7.2 -9.7 -6.6 11.3 8.5 -11.1 --6.0 -10.0 -8.0 10.0 8.0 -11.0 50th pct (median) 10.0% 10.0% -10.0% 10.0% 10.0% # of Resp. 18 31 30 43 41 39 Average 11.8 9.0 8.1 11.4 8.8 9.9 50th pct (median) 8.3 7.0 9.0 9.0 7.0 8.5 # of Resp. 18 31 30 43 41 39 50th pct Average 25th pct (median) 75th pct $82.5 $70.0 $81.5 $87.0 $69.8 $57.7 $69.0 $76.0 $64.4 $54.0 $62.1 $71.5 $64.6 $52.0 $64.5 $72.5 $70.7 $57.0 $69.0 $80.0 $72.0 $61.0 $69.0 $82.0 © 2013 Risk and Insurance Management Society, Inc. (RIMS) # of Resp. 13 17 18 19 19 17 50th pct Average 25th pct (median) 75th pct $4.4 $1.8 $3.0 $7.5 $7.8 $3.5 $5.0 $7.4 $4.6 $2.0 $3.4 $6.4 $5.7 $1.9 $3.5 $8.0 $6.0 $2.5 $4.7 $8.0 $7.1 $2.5 $4.0 $6.0 V - 42 # of Resp. Average 5 13.0% 5 12.0% 4 -9 11.0% 13 12.0% 10 12.0% 50th pct Average 25th pct (median) 75th pct $85.7 $77.0 $83.0 $95.3 $74.1 $61.0 $72.0 $81.4 $67.2 $56.0 $65.5 $73.4 $67.1 $52.0 $64.5 $76.0 $73.5 $61.0 $70.0 $80.0 $75.1 $62.3 $72.0 $88.1 US Data 2013 Risk Management Compensation Survey Risk Management Analyst Supports the risk manager regarding all aspects of a financial risk management and/or corporate insurance program. Responsibilities include the development, implementation and application of risk metrics and methodologies and the Cash Compensation dollarofamounts areexposures. displayedResponsibilities in USD $000s)may also include compilation of underwriting information and coverage placement, claims administration, loss forecasting, and analysis to assist in loss reduction. monitoring, analysis and(All reporting financial risk Base Salary Bonus Amount Target Bonus Total Cash Compensation Scope Supports organizational compliance with risk policies through regular risk exposure monitoring and reporting. Responsible for documenting and reporting risk policy exceptions to risk committee. # of Resp. State CA CO FL GA IL MI MN NC NY OH PA TN TX VA WA WI 20 8 11 9 9 6 6 8 7 8 12 6 27 5 6 8 50th pct Average 25th pct (median) 75th pct $78.7 $63.5 $68.6 $62.8 $63.2 $64.2 $75.5 $61.9 $86.4 $62.4 $68.9 $58.8 $73.3 $77.2 $68.7 $62.5 $67.1 -$55.0 -------$59.4 -$60.0 ---- $76.5 $63.2 $71.5 $62.1 $57.2 $67.9 $73.7 $62.2 $86.0 $62.5 $70.0 $54.3 $71.5 $72.0 $62.7 $58.3 $86.8 -$80.0 -------$73.5 -$83.0 ---- # of Resp. 9 4 5 7 3 3 4 4 6 3 7 4 12 3 2 3 50th pct Average 25th pct (median) 75th pct $5.5 -$3.2 $4.9 ----$5.1 -$9.1 -$7.3 ---- ------------$3.3 ---- $4.3 -$2.0 $3.8 ----$4.3 -$5.3 -$5.0 ---- ------------$9.0 ---- # of Resp. Average 5 4 0 3 1 1 2 1 2 2 1 1 7 2 1 3 50th pct (median) # of Resp. 10.0% -----------10.0% ---- 20 8 11 9 9 6 6 8 7 8 12 6 27 5 6 8 10.0% -----------13.0% ---- Yrs. In Risk Mgmt 50th pct Average 25th pct (median) 75th pct $81.2 $65.2 $70.1 $66.6 $64.2 $66.8 $83.6 $64.5 $90.8 $63.4 $74.2 $61.7 $76.6 $82.9 $78.2 $63.9 $67.3 -$56.0 -------$64.6 -$62.0 ---- $78.5 $66.2 $71.5 $68.0 $57.2 $68.8 $80.5 $62.2 $89.5 $62.9 $72.6 $56.3 $72.0 $87.0 $74.0 $60.8 $90.2 -$80.0 -------$80.0 -$93.0 ---- Average 50th pct (median) 12.1 9.6 8.4 8.4 11.1 5.7 11.7 10.0 10.1 15.3 7.3 4.3 8.6 12.9 7.9 8.9 11.0 7.3 8.0 9.0 13.0 5.3 9.5 11.0 8.0 14.5 7.0 4.5 7.0 10.0 8.3 3.5 Cash Compensation (All dollar amounts are displayed in USD $000s) Base Salary Scope Metro Area # of Resp. Bonus Amount 50th pct Average 25th pct (median) 75th pct # of Resp. Target Bonus 50th pct Average 25th pct (median) 75th pct # of Resp. Average 50th pct (median) # of Resp. Total Cash Compensation Yrs. In Risk Mgmt 50th pct Average 25th pct (median) 75th pct Average 50th pct (median) Atlanta, GA Chicago-Gary-Kenosha, IL-IN-WI Cleveland-Akron, OH Dallas-Fort Worth, TX Denver-Boulder-Greeley, CO Houston-Galveston-Brazoria, TX 9 9 5 8 7 16 $62.8 $63.8 $62.2 $68.8 $65.1 $72.2 -----$56.5 $62.1 $57.2 $60.0 $69.0 $65.0 $68.9 -----$81.0 7 2 2 2 4 9 $4.9 ----$7.7 ------- $3.8 ----$5.0 ------- 3 1 1 0 4 7 -----13.0% -----10.0% 9 9 5 8 7 16 $66.6 $64.7 $63.6 $69.8 $67.0 $76.5 -----$59.0 $68.0 $57.2 $60.5 $71.0 $68.5 $69.8 -----$89.0 8.4 11.7 14.9 9.3 10.1 8.7 9.0 13.0 14.0 8.5 8.5 6.5 Los Angeles-Riverside-Orange County, CA 8 $69.6 -- $70.5 -- 4 -- -- -- -- 2 -- -- 8 $72.7 -- $73.6 -- 13.6 11.0 Minneapolis-St. Paul, MN-WI New York-Northern New Jersey-Long Island, NYNJ-CT-PA Philadelphia-Wilmington-Atlantic City, PA-NJ-DEMD Raleigh-Durham-Chapel Hill, NC San Francisco-Oakland-San Jose, CA Washington-Baltimore, DC-MD-VA-WV 6 $75.5 -- $73.7 -- 4 -- -- -- -- 2 -- -- 6 $83.6 -- $80.5 -- 11.7 9.5 13 $83.8 $77.0 $83.0 $87.0 10 $4.2 $1.8 $3.3 $7.5 4 -- -- 13 $87.0 $77.5 $83.0 $95.3 10.0 8.0 7 $67.4 -- $72.0 -- 3 -- -- -- -- 0 -- -- 7 $69.6 -- $72.0 -- 8.3 8.0 6 9 9 $64.5 $85.2 $80.0 ---- $68.5 $85.0 $80.0 ---- 4 4 6 --$8.1 ---- --$4.4 ---- 1 3 3 ---- ---- 6 9 9 $67.9 $87.7 $85.3 ---- $70.9 $88.5 $87.0 ---- 11.3 12.3 8.5 13.5 12.0 6.5 © 2013 Risk and Insurance Management Society, Inc. (RIMS) V - 43 US Data 2013 Risk Management Compensation Survey Risk Management Analyst Supports the risk manager regarding all aspects of a financial risk management and/or corporate insurance program. Responsibilities include the development, implementation and application of risk metrics and methodologies and the monitoring, analysis and reporting of financial risk exposures. Responsibilities may also include compilation of underwriting information and coverage placement, claims administration, loss forecasting, and analysis to assist in loss reduction. Respondent Characteristics Supports organizational compliance with risk policies through regular risk exposure monitoring and reporting. Responsible for documenting and reporting risk policy exceptions to risk committee. Gender Long-Term Incentive Eligible Male 26.2% Yes 11.4% Female 71.3% No 88.6% Did Not Indicate 2.5% Did Not Indicate Degree 0.0% Type of Long-term Incentives Received* High School/Associate Degree 16.8% Incentive Stock Options (ISOs) 26.1% Bachelors 58.4% Non-Qualified Stock Options (NQSOs) 17.4% Restricted Stock 43.5% MA/MS MBA 7.4% 10.4% Stock Appreciation Rights (SARs) 8.7% JD 3.0% Performance Shares 8.7% MD 0.0% Performance Units 8.7% Ph.D 0.0% Long-Term Cash 8.7% Other 4.0% None of the Above Received * Only includes those eligible for LTI 0.0% Type of Organization Where Employed Supervise Individuals Parent 74.8% Yes 7.9% Division 9.4% No 92.1% Subsidiary 6.4% Single Location 4.0% Other 5.4% © 2013 Risk and Insurance Management Society, Inc. (RIMS) V - 44 US Data 2013 Risk Management Compensation Survey Claims Analyst Reviews first and third party claims for irregularities, accuracy and completeness. Requests additional information, where necessary, for completion of claim processing. Reviews claims for eligibility. Maintains updated records and prepares required reports. Assists in claims cost control. Performs the design, analysis and delivery of claim information. Contacts individuals about claims and coordinates the handling of benefits. This role focuses on operational effectiveness in support of claims management strategies. Understands and performs domestic and/or international claim programs, policies, and procedures for: reporting, investigation, and analysis; litigation management; resolution/outcome management; and the delivery of claim information. Handles mostly routine non-complex claims but, may handle litigated and moderately complex claims with limited settlement authority. Cash Compensation (All dollar amounts are displayed in USD $000s) Base Salary Scope # of Resp. All Respondents 15 Bonus Amount 50th pct Average 25th pct (median) 75th pct $64.2 $49.0 $63.0 $80.0 # of Resp. 7 Target Bonus 50th pct Average 25th pct (median) 75th pct $4.5 -- $1.2 -- # of Resp. Average 5 24.0% 50th pct (median) # of Resp. 10.0% 15 Total Cash Compensation Yrs. In Risk Mgmt 50th pct Average 25th pct (median) 75th pct Average 50th pct (median) 9.3 5.0 $66.3 $49.0 $63.8 $80.0 Ownership Type Publicly Traded Private Government Not-for-Profit Other # of Resp. 9 1 1 4 0 50th pct Average 25th pct (median) 75th pct $67.0 -$72.5 ------------------ # of Resp. 4 1 0 2 0 50th pct Average 25th pct (median) 75th pct --------------------- # of Resp. Average 4 -0 -0 -1 -0 -- 50th pct (median) ------ # of Resp. 9 1 1 4 0 50th pct Average 25th pct (median) 75th pct $70.2 -$72.5 ------------------ Average 9.6 ----- 50th pct (median) 5.0 ----- Revenue Less than $100 Million $100 - $250 Million $250 - $500 Million $500 Million - $1 Billion $1 - $5 Billion $5 - $10 Billion Greater than $10 Billion # of Resp. 2 0 0 1 2 1 0 50th pct Average 25th pct (median) 75th pct ----------------------------- # of Resp. 0 0 0 0 1 1 0 50th pct Average 25th pct (median) 75th pct ----------------------------- # of Resp. Average 1 -0 -0 -0 -0 -1 -0 -- 50th pct (median) -------- # of Resp. 2 0 0 1 2 1 0 50th pct Average 25th pct (median) 75th pct ----------------------------- Average -------- 50th pct (median) -------- Degree High School/Associate Degree Bachelors MA/MS MBA JD Ph.D # of Resp. 3 9 0 1 1 0 50th pct Average 25th pct (median) 75th pct ----$59.9 -$50.0 ------------------ # of Resp. 2 4 0 0 1 0 50th pct Average 25th pct (median) 75th pct ------------------------- # of Resp. Average 1 -3 -0 -0 -1 -0 -- 50th pct (median) ------- # of Resp. 3 9 0 1 1 0 50th pct Average 25th pct (median) 75th pct ----$62.2 -$50.0 ------------------ Average -6.1 ----- 50th pct (median) -4.5 ----- Supervisory Responsibility No 1 or Fewer From 1 to 3 From 3 to 5 More than 5 # of Resp. 15 0 0 0 0 50th pct Average 25th pct (median) 75th pct $64.2 $49.0 $63.0 $80.0 ----------------- # of Resp. 7 0 0 0 0 50th pct Average 25th pct (median) 75th pct $4.5 -$1.2 ------------------ # of Resp. Average 5 24.0% 0 -0 -0 -0 -- 50th pct (median) 10.0% ----- # of Resp. 15 0 0 0 0 50th pct Average 25th pct (median) 75th pct $66.3 $49.0 $63.8 $80.0 ----------------- Average 9.3 ----- 50th pct (median) 5.0 ----- © 2013 Risk and Insurance Management Society, Inc. (RIMS) V - 45 US Data 2013 Risk Management Compensation Survey Claims Analyst Reviews first and third party claims for irregularities, accuracy and completeness. Requests additional information, where necessary, for completion of claim processing. Reviews claims for eligibility. Maintains updated records and prepares Cash Compensation dollarcost amounts displayed in USD $000s) required reports. Assists(All in claims control. are Performs the design, analysis and delivery of claim information. Contacts individuals about claims and coordinates the handling of benefits. This role focuses on operational effectiveness in support of claims management strategies. Understands and performs domestic and/or international claim programs, policies, and procedures for: reporting, investigation, and analysis; litigation management; resolution/outcome Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt Scope management; and the delivery of claim information. Handles mostly routine non-complex claims but, may handle litigated and moderately complex claims with limited settlement authority. Industry Agriculture Business/Info Services/Consulting/Legal/Accounting Chemical/Pharmaceutical/Biotechnology Computer Software/Services Construction/Engineering/Architectural Education Energy Entertainment & Media Finance/Banking Government Healthcare Hospitality Insurance Mfg - Durable (includes Aerospace, Computer/Office Equipment, Electronics) Mfg - Nondurable (includes Food, Paper & Allied Products) Mining/Milling/Smelting Not-for-Profit Real Estate Research & Development Retail Service Telecommunications Transportation Utilities Wholesale Distribution Other Regions (defined in Section I - 15) North East Region Mid Atlantic Region South East Region Mississippi Valley Region Mountain Region Western Region # of Resp. 50th pct Average 25th pct (median) 75th pct # of Resp. 50th pct Average 25th pct (median) 75th pct # of Resp. Average 50th pct (median) # of Resp. 50th pct Average 25th pct (median) 75th pct Average 50th pct (median) 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- -- 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- -- 0 0 0 0 2 0 0 1 3 0 0 ------------ ------------ ------------ ------------ 0 0 0 0 1 0 0 0 2 0 0 ------------ ------------ ------------ ------------ 0 0 0 0 1 0 0 0 0 0 0 ------------ ------------ 0 0 0 0 2 0 0 1 3 0 0 ------------ ------------ ------------ ------------ ------------ ------------ 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- -- 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- -- 0 1 1 0 2 0 0 0 3 0 1 ------------ ------------ ------------ ------------ 0 0 0 0 2 0 0 0 2 0 0 ------------ ------------ ------------ ------------ 0 1 1 0 0 0 0 0 2 0 0 ------------ ------------ 0 1 1 0 2 0 0 0 3 0 1 ------------ ------------ ------------ ------------ ------------ ------------ 50th pct (median) ------- # of Resp. 0 2 3 1 5 4 Average ----9.7 -- 50th pct (median) ----4.5 -- # of Resp. 0 2 3 1 5 4 50th pct Average 25th pct (median) 75th pct ----------------$61.5 -$53.0 ------ © 2013 Risk and Insurance Management Society, Inc. (RIMS) # of Resp. 0 1 2 1 1 2 50th pct Average 25th pct (median) 75th pct ------------------------- V - 46 # of Resp. Average 0 -0 -3 -0 -2 -0 -- 50th pct Average 25th pct (median) 75th pct ----------------$61.8 -$54.5 ------ US Data 2013 Risk Management Compensation Survey Claims Analyst Reviews first and third party claims for irregularities, accuracy and completeness. Requests additional information, where necessary, for completion of claim processing. Reviews claims for eligibility. Maintains updated records and prepares Cash Compensation dollarcost amounts displayed in USD $000s) required reports. Assists(All in claims control. are Performs the design, analysis and delivery of claim information. Contacts individuals about claims and coordinates the handling of benefits. This role focuses on operational effectiveness in support of claims management strategies. Understands and performs domestic and/or international claim programs, policies, and procedures for: reporting, investigation, and analysis; litigation management; resolution/outcome Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt Scope management; and the delivery of claim information. Handles mostly routine non-complex claims but, may handle litigated and moderately complex claims with limited settlement authority. # of Resp. State 50th pct Average 25th pct (median) 75th pct # of Resp. 50th pct Average 25th pct (median) 75th pct # of Resp. Average 50th pct (median) # of Resp. 50th pct Average 25th pct (median) 75th pct Average 50th pct (median) Total Cash Compensation Yrs. In Risk Mgmt 50th pct Average 25th pct (median) 75th pct Average No Breakdowns Available - Insufficient Sample Size Cash Compensation (All dollar amounts are displayed in USD $000s) Base Salary Scope Metro Area # of Resp. Bonus Amount 50th pct Average 25th pct (median) 75th pct # of Resp. 50th pct Average 25th pct (median) 75th pct Target Bonus # of Resp. Average 50th pct (median) # of Resp. 50th pct (median) No Breakdowns Available - Insufficient Sample Size © 2013 Risk and Insurance Management Society, Inc. (RIMS) V - 47 US Data 2013 Risk Management Compensation Survey Claims Analyst Reviews first and third party claims for irregularities, accuracy and completeness. Requests additional information, where necessary, for completion of claim processing. Reviews claims for eligibility. Maintains updated records and prepares required reports.Characteristics Assists in claims cost control. Performs the design, analysis and delivery of claim information. Contacts individuals about claims and coordinates the handling of benefits. This role focuses on operational effectiveness in Respondent support of claims management strategies. Understands and performs domestic and/or international claim programs, policies, and procedures for: reporting, investigation, and analysis; litigation management; resolution/outcome management; and the delivery of claim information. Handles mostly routine non-complex claims but, may handle litigated and moderately complex claims with limited settlement authority. Gender Long-Term Incentive Eligible Male 33.3% Yes 6.7% Female 66.7% No 93.3% Did Not Indicate 0.0% Did Not Indicate Degree 0.0% Type of Long-term Incentives Received* High School/Associate Degree 20.0% Incentive Stock Options (ISOs) 0.0% Bachelors 60.0% Non-Qualified Stock Options (NQSOs) 0.0% MA/MS 0.0% Restricted Stock 0.0% MBA 6.7% Stock Appreciation Rights (SARs) 0.0% JD 6.7% Performance Shares 0.0% MD 0.0% Performance Units 0.0% Ph.D 0.0% Long-Term Cash Other 6.7% None of the Above Received * Only includes those eligible for LTI Type of Organization Where Employed 0.0% 100.0% Supervise Individuals Parent 53.3% Yes 0.0% Division 20.0% No 100.0% Subsidiary Single Location Other 6.7% 6.7% 13.3% © 2013 Risk and Insurance Management Society, Inc. (RIMS) V - 48 US Data 2013 Risk Management Compensation Survey Participant List – Canadian Respondents Respondents from over 218 organizations operating in Canada participated in the 2013 Risk Management Compensation Survey. These organizations include: ABB AKITA Drilling Ltd. Alberta Health Services AltaLink AMSC ArcelorMittal Dofasco Associated Engineering ATB Financial ATCO Ltd. ATCO Structures & Logistics Ltd. Athabasca Oil Corporation Athabasca University Atlantic Lottery Aviva Canada Inc. B.C. Pavilion Corporation Bantrel BC Securities Commission BCE Inc. Bell Aliant Bentall Kennedy BENTALL KENNEDY (CANADA) LP BFL Canada Risk & Insurance British Columbia Ferry Services Inc. Business Development Bank of Canada CAE Inc. Cameco Corporation Camoplast Solideal Inc Canada Mortgage and Housing Corporation © 2013 Risk and Insurance Management Society, Inc. (RIMS) Canada Post Corporation Canadian Blood Services Canadian Pacific Railway Canadian Tire Corporation Limited Canfor Corporation Capital Regional District Carleton University Cascades Inc. Celero Solutions Cenovus Energy Inc. City of Calgary City of Edmonton City of Hamilton City of Moncton City of Mount Pearl City of Ottawa City of Prince George City of Red Deer City of Regina City of St. Albert City of St. John's City of Surrey City of Winnipeg City og Longueuil Concordia University Co-operators Life Insurance Company Corporation of the City of Brampton Corporation of the City of Kenora Cott Corporation VI - 1 Credit Union Credit Union Deposit Guarantee Corporation CSA Group Delta Hotels Limited Desjardins Desjardins General Insurance Group District of North Vancouver District of Saanich District of West Vancouver Ducks Unlimited Canada Durham College ECHELON GENERAL INSURANCE COMPANY Economical Insurance Edmonton Police Service Enbridge Pipelines Inc. Enerplus Corporation Facility Association Fallsview Casino Resort farciq First Calgary Financial & Credit Union First Canadian Insurance Corporation First West Credit Union FortisBC Gaz Métro Georgian College Giant Tiger Stores Limited Gibson Energy Inc. Canadian Participant List 2013 Risk Management Compensation Survey Gildan GNL Gold mining Government of Alberta Government of British Columbia Government of Manitoba Government of Newfoundland and Labrador Government of Nova Scotia Government of Nunavut Government of Saskatchewan Gowling Lafleur Henderson LLP Grosvenor Americas Habitat for Humanity Canada Halifax Regional Municipality HIAA Hudbay Hydro One Networks Hydro-Quebec IATA Interuniversity Services Inc. IPF Ivanho Cambridge J.D. Irving, Limited JONES DESLAURIERS INSURANCE MANAGEMENT INC Jubilee Insurance Agencies Inc. Kal Tire Kinross Gold Corporation Kruger Inc. LCBO Ledcor Group of Companies Ledcor Industries Inc. London Health Sciences Centre Magna International Inc. © 2013 Risk and Insurance Management Society, Inc. (RIMS) Manitoba Hydro Manitoba Telecom Services Inc. Marine Atlantic Inc. Memorial University of Newfoundland Ministry of Government Services, Province of Ontario Ministry of Justice Minto Group Inc. Molson Coors Canada Mount Royal University Mullen Group Ltd. Municipal Government Nalcor Energy NAV CANADA Nexen Inc. NL Housing Northbridge Financial Corporation Northern Lakes College Northwest Territories Power Corporation OCAD University Ontario Lottery and Gaming Corporation Ontario Power Generation Inc. Ontario School Boards' Insurance Exchange Otera Capital Oxford Properties Group PCL Constructors Inc. PepsiCo Port Metro Vancouver Precision Drilling Corporation Province of British Columbia Province of Nova Scotia Province of Ontario Public Service BC VI - 2 Purolator Inc. Quebecor Media Red River College Revera Inc. Riskcorp Rogers Communications Royal Bank of Canada Ryerson University Sanofi Pasteur Saskatchewan Housing Corporation Saskatchewan School Boards Association SaskGaming Corporation Seaspan ULC ShawCor Ltd. Shell Simon Fraser University SNC-Lavalin Group Sofina Foods Inc. SoHo Insurance/Housing Services Corporation South Coast British Columbia Transportation Authority SSQ Financial Group Strathcona County Sun Life Financial Inc. Supreme Group Talisman Energy Inc. Technical Standards and Safety Authority Telesat Canada TELUS Corporation Tervita Corporation The City of Calgary The City of Mississauga Canadian Participant List 2013 Risk Management Compensation Survey The Co-operators The Corporation of Delta The Corporation of the District of Saanich The MEARIE Group Toronto Community Housing Corporation Toronto Transit Commission Town of Richmond Hill TransAlta Corporation TransCanada Corporation Trent University Triovest Realty Advisors TSSA UBC © 2013 Risk and Insurance Management Society, Inc. (RIMS) United Farmers of Alberta Cooperative Limited University of Alberta University of British Columbia University of Calgary University of Guelph University of Lethbridge University of New Brunswick University of Ottawa University of Regina University of Saskatchewan University of Toronto University of Victoria UPEI Vale Valero Energy VI - 3 Vancouver International Airport Authority Vancouver Island Health Authority Wal-Mart Canada Waterloo Region Municipalities Insurance Pool Western Financial Group Insurance Solutions Workers' Compensation Board of Nova Scotia Xstrata Yara Belle Plaine Inc. York Region District School Board York University Canadian Participant List 2013 Risk Management Compensation Survey This Page Intentionally Blank © 2013 Risk and Insurance Management Society, Inc. (RIMS) VI - 4 Canadian Participant List 2013 Risk Management Compensation Survey Canadian Participant Demographics The 2013 Risk Management Compensation Survey contains compensation data for 11 jobs from 270 individual respondents from 218 organizations. The charts on the following pages display the distribution of Canadian participants by organization size, industry, ownership type, and geographic region. A chart on the function to which the top risk management executive reports to is also presented. © 2013 Risk and Insurance Management Society, Inc. (RIMS) VII - 1 Canadian Participant Demographics 2013 Risk Management Compensation Survey Canadian Participant Demographics Ownership Type Ownership Type # of Resp. Percent of Respondents 40.0% 35.0% Publicly Traded 68 25.2% Private 50 18.5% Government 101 37.4% Not-for-Profit 39 14.4% Percent of Respondents 30.0% 37.4% 25.2% 25.0% 18.5% 20.0% 14.4% 15.0% 10.0% 4.4% 5.0% Other/Not Specified 12 4.4% 0.0% Publicly Traded Private Government Not-for-Profit Other/Not Specified Revenue # of Resp. Percent of Respondents Less than $100 Million 29 10.7% $100 Million $100 - $250 Million 28 10.4% $250 Million $250 - $500 Million 22 8.1% $500 Million $500 Million - $1 Billion 26 9.6% 15.0% $1 - $5 Billion 69 25.6% 10.0% 1 - $5 Billion $5 - $10 Billion 17 6.3% 5.0% - $10 Billion Greater than $10 Billion 29 10.7% Other/Not Specified 50 18.5% Revenue Percent of Respondents 30.0% 25.6% 25.0% 18.5% 20.0% 10.7% 10.4% 8.1% 10.7% 9.6% 6.3% © 2013 Risk and Insurance Management Society, Inc. (RIMS) 0.0% Less than $100 Million $100 - $250 Million VII - 2 $250 - $500 Million $500 Million - $1 Billion $1 - $5 Billion $5 - $10 Billion Greater than $10 Billion Other/Not Specified Canadian Participant Demographics 2013 Risk Management Compensation Survey Canadian Participant Demographics Organization Type Organization Type # of Resp. Percent of Respondents Parent 164 60.7% Subsidiary 18 6.7% Percent of Respondents 70.0% 60.7% 60.0% 50.0% 40.0% Division 19 7.0% Single Location 29 10.7% 30.0% 20.0% Other 40 14.8% 6.7% 7.0% Subsidiary Division 10.0% 14.8% 10.7% 0.0% Parent Single Location Other Region # of Resp. Percent of Respondents AB 61 22.6% BC 40 14.8% MB 9 3.3% NB 5 1.9% NL 8 3.0% NS 9 3.3% NT 1 0.4% NU 1 0.4% ON 94 34.8% PE 1 0.4% Canadian Province Percent of Respondents 40.0% 34.8% 35.0% 30.0% 25.0% 22.6% 20.0% PQ 1 0.4% QC 24 8.9% SK 16 5.9% 14.8% 15.0% 8.9% 10.0% 5.9% 5.0% 3.3% 3.3% 0.4% 0.4% NT NU 0.0% AB © 2013 Risk and Insurance Management Society, Inc. (RIMS) 1.9% 3.0% BC VII - 3 MB NB NL NS ON 0.4% 0.4% PE PQ QC SK Canadian Participant Demographics 2013 Risk Management Compensation Survey Canadian Participant Demographics Industry # of Resp. Percent of Respondents Agriculture 1 0.4% Business/Info Services/Consulting/Legal/Accounting 2 0.7% Chemical/Pharmaceutical/Biotechnology 1 0.4% Chemical/Pharmaceutical/Biotechnology Construction/Engineering/Architectural 9 3.3% Construction/Engineering/Architectural Education 35 13.0% Education Energy 23 8.5% Energy Entertainment & Media 2 0.7% Entertainment & Media Finance/Banking 10 3.7% Finance/Banking Government 63 23.3% Government Healthcare 4 1.5% Healthcare 1.5% Hospitality 4 1.5% Hospitality 1.5% Insurance 24 8.9% Mfg - Durable (includes Aerospace, Computer/Office Equipment, Electronics) 3 1.1% Mfg - Nondurable (includes Food, Paper & Allied Products) 11 4.1% Mining/Milling/Smelting Mining/Milling/Smelting 8 3.0% Not-for-Profit Not-for-Profit 7 2.6% Real Estate Real Estate 9 3.3% Retail Retail 4 1.5% Service Service 3 1.1% Telecommunications Telecommunications 8 3.0% Transportation Transportation 15 5.6% Utilities 14 5.2% Wholesale Distribution 0 0.0% Other 10 3.7% Industry Percent of Respondents 0.0% Agriculture Business/Info Services/Consulting/Legal/Accounting 5.0% Other VII - 4 25.0% 0.7% 3.3% 13.0% 8.5% 0.7% 3.7% 23.3% 8.9% 1.1% 4.1% 3.0% 2.6% 3.3% 1.5% 1.1% 3.0% 5.6% Utilities Wholesale Distribution 20.0% 0.4% Insurance Mfg - Durable (includes Aerospace, Computer/Office… 15.0% 0.4% Mfg - Nondurable (includes Food, Paper & Allied… © 2013 Risk and Insurance Management Society, Inc. (RIMS) 10.0% 5.2% 0.0% 3.7% Canadian Participant Demographics 2013 Risk Management Compensation Survey Canadian Participant Demographics Who the Top Risk Management Executive reports to: # of Resp. Percent of Respondents 9 3.3% Finance/CFO/Minister of Finance 102 37.8% CEO/VP/Board of Directors/President 55 20.4% CEO/VP/Board of Directors/President Treasury 28 10.4% Treasury Legal/Compliance Officer/SolicitorGeneral/Attorney General 29 10.7% Legal/Compliance Officer/Solicitor-General/Attorney General Administration/Management Board/Government Services 16 5.9% Administration/Management Board/Government Services COO 12 4.4% COO Human Resources/Personnel/Employee Benefits 3 1.1% Human Resources/Personnel/Employee Benefits Mayor/Governor/Premier 0 0.0% Other 16 5.9% Do not have a Top Risk Management Executive Percent of Respondents 0.0% 5.0% 10.0% 15.0% Do not have a Top Risk Management Executive 20.0% 25.0% Other 35.0% 40.0% 3.3% Finance/CFO/Minister of Finance Mayor/Governor/Premier 30.0% 37.8% 20.4% 10.4% 10.7% 5.9% 4.4% 1.1% 0.0% 5.9% Size of Department n The average reported number of employees in the risk management department is 5.56 while the median is 2.20. © 2013 Risk and Insurance Management Society, Inc. (RIMS) VII - 5 Canadian Participant Demographics 2013 Risk Management Compensation Survey Canadian Participant Demographics Respondent Age Age # of Resp. Percent of Respondents Percent of Respondents 35.0% Less than 30 12 4.4% 29.3% 30.0% 30 - 39 42 15.6% 40 - 49 67 24.8% 24.8% 25.0% 20.0% 20.0% 15.6% 15.0% 50 - 59 79 29.3% 10.0% 60 or Higher 16 5.9% No Response 54 20.0% 5.0% 5.9% 4.4% 0.0% Less than 30 30 - 39 40 - 49 50 - 59 60 or Higher No Response n The average respondent age reported is 46.71 while the median is 47.00. © 2013 Risk and Insurance Management Society, Inc. (RIMS) VII - 6 Canadian Participant Demographics 2013 Risk Management Compensation Survey Canadian Participant Demographics Years in Current Position # of Resp. Percent of Respondents Less than 1 year 7 2.6% 1 to 2 years 86 31.9% 3 to 4 years 47 17.4% 5 to 6 years 34 12.6% 7 to 8 years 20 7.4% 15.0% 9 to 10 years 21 7.8% 10.0% 11 to 15 years 19 7.0% 5.0% More than 15 years 29 10.7% 0.0% No Response 7 2.6% Years in Current Position Percent of Respondents 35.0% 31.9% 30.0% 25.0% 20.0% 17.4% 12.6% 10.7% 7.4% 7.8% 7.0% 2.6% Less than 1 year 2.6% 1 to 2 years 3 to 4 years 5 to 6 years 7 to 8 years 9 to 10 years 11 to 15 years More than 15 years No Response n The average years respondents reported being at their current position is 6.41 while the median is 4.00. © 2013 Risk and Insurance Management Society, Inc. (RIMS) VII - 7 Canadian Participant Demographics 2013 Risk Management Compensation Survey Canadian Participant Demographics Gender Gender # of Resp. Percent of Respondents 155 57.4% 60.0% Male Percent of Respondents 70.0% 57.4% 50.0% 40.7% 40.0% Female 110 40.7% 30.0% 20.0% 10.0% No Response 5 1.9% 1.9% 0.0% Male © 2013 Risk and Insurance Management Society, Inc. (RIMS) VII - 8 Female No Response Canadian Participant Demographics 2013 Risk Management Compensation Survey All Positions - Canada Cash Compensation (All dollar amounts are displayed in CAD $000s) Base Salary Job Title # of Resp. Bonus Amount Average 25th pct 50th pct (median) 75th pct # of Resp. Average 25th pct Target Bonus 50th pct (median) 75th pct # of Resp. Average Total Cash Compensation 50th pct (median) # of Resp. Yrs. In Risk Mgmt Average 25th pct 50th pct (median) 75th pct Average 50th pct (median) Chief Risk Officer | Vice President - Risk Management | Vice President - Strategic and Enterprise Risk 18 $173.6 $150.0 $175.0 $200.0 10 $58.2 $45.0 $55.0 $70.0 9 33.0% 30.0% 18 $205.9 $153.0 $202.5 $258.0 12.9 10.0 Director - Business Continuity/Financial/IT Risk Management 7 $132.0 -- $132.0 -- 4 -- -- -- -- 3 -- -- 7 $154.8 -- $132.0 -- 11.9 12.0 Director - Enterprise Risk Management (ERM)/Strategic Risk Management / Risk Intelligence 36 $122.8 $99.0 $110.0 $129.0 11 $18.4 $6.4 $7.8 $35.0 8 29.0% 21.0% 36 $128.4 $100.0 $115.6 $135.5 13.2 11.5 Director - Insurance and Risk Management 80 $119.1 $97.0 $111.8 $140.0 45 $24.9 $12.0 $20.0 $30.0 29 22.0% 20.0% 80 $133.1 $100.5 $120.0 $149.8 17.8 18.0 Manager - Insurance Management 46 $100.3 $83.5 $94.0 $117.0 22 $12.7 $8.9 $10.8 $15.0 21 14.0% 15.0% 46 $106.4 $85.0 $97.1 $122.0 10.7 9.5 Employee Benefits/Workers Compensation Claims Manager 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- -- Claims Manager 12 $84.3 $72.5 $82.5 $95.0 4 -- -- -- -- 0 -- -- 12 $87.5 $73.0 $89.5 $95.0 12.3 10.0 Environmental, Health or Safety Manager 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- -- Risk Management Analyst (Enterprise-Wide) 32 $84.6 $70.0 $78.0 $97.5 14 $12.0 $3.9 $8.8 $19.0 10 12.0% 12.0% 32 $89.9 $72.5 $78.5 $99.9 6.6 4.0 Risk Management Analyst 31 $76.3 $66.0 $73.5 $82.5 13 $7.1 $5.0 $5.5 $7.8 10 9.0% 10.0% 31 $79.3 $70.0 $75.0 $87.5 6.8 5.0 Claims Analyst 7 $60.4 -- $59.5 -- 0 -- -- -- -- 0 -- -- 7 $60.4 -- $59.5 -- 7.9 10.0 © 2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 1 All Jobs Summary - Canada 2013 Risk Management Compensation Survey This Page Intentionally Blank © 2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 2 All Jobs Summary - Canada 2013 Risk Management Compensation Survey Chief Risk Officer | Vice President - Risk Management | Vice President - Strategic and Enterprise Risk Average Compensation by Ownership Type All Respondents 18 $173.6 $205.9 Publicly Traded 2 -- -- Private 5 $176.0 $222.0 Government 6 $171.3 $199.5 Not-for-Profit 3 -- -- Other 2 -- -- espondents Average Base Salary ($000s) Average Total Comp ($000s) $250.0 $150.0 $173.6 licly Traded $205.9 $200.0 $199.5 Average Total Comp ($000s) $171.3 Average Base Salary ($000s) $222.0 # of Resp. $176.0 Ownership Type $100.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $50.0 $0.0 All Respondents Publicly Traded Private Government Not-for-Profit Other Average Compensation by Revenue # of Resp. Average Base Salary ($000s) Average Total Comp ($000s) All Respondents 18 $173.6 $205.9 Less than $100 Million 3 -- -- 250 Million $100 - $250 Million 3 -- -- 500 Million $250 - $500 Million 3 -- -- $500 Million - $1 Billion 1 -- -- $100.0 - $5 Billion $1 - $5 Billion 6 $192.7 $240.8 $50.0 - $10 Billion $5 - $10 Billion 1 -- -- Greater than $10 Billion 1 -- -- Revenue Average Base Salary ($000s) Average Total Comp ($000s) $300.0 © 2013 Risk and Insurance Management Society, Inc. (RIMS) $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $192.7 $205.9 $0.0 $150.0 $173.6 $200.0 $240.8 $250.0 $0.0 All Respondents Less than $100 Million VIII - 3 $100 - $250 Million $250 - $500 Million $500 Million - $1 Billion $1 - $5 Billion $5 - $10 Billion Greater than $10 Billion Canadian Data 2013 Risk Management Compensation Survey Chief Risk Officer | Vice President - Risk Management | Vice President - Strategic and Enterprise Risk Average Compensation by Degree Degree # of Resp. Average Base Salary ($000s) Average Total Comp ($000s) Average Base Salary ($000s) Average Total Comp ($000s) $173.6 $205.9 HS/Associate 1 -- -- Bachelors 5 $170.0 $225.0 MA/MS 1 -- -- MBA 4 -- -- JD 1 -- -- $150.0 $173.6 $200.0 $170.0 18 $205.9 All Respondents $225.0 $250.0 $100.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $50.0 $0.0 All Respondents HS/Associate Bachelors MA/MS MBA JD Average Compensation by Supervisory Responsibility # of Resp. Average Base Salary ($000s) Average Total Comp ($000s) All Respondents 18 $173.6 $205.9 No 1 -- -- 1 or Fewer 2 -- -- From 1 to 3 4 -- -- From 3 to 5 1 -- -- More than 5 6 $179.3 $208.5 Supervisory Responsibility Average Base Salary ($000s) Average Total Comp ($000s) $208.5 $179.3 $150.0 $173.6 $200.0 $205.9 $250.0 $100.0 © 2013 Risk and Insurance Management Society, Inc. (RIMS) $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $50.0 $0.0 All Respondents VIII - 4 No 1 or Fewer From 1 to 3 From 3 to 5 More than 5 Canadian Data 2013 Risk Management Compensation Survey Chief Risk Officer | Vice President - Risk Management | Vice President - Strategic and Enterprise Risk Average Compensation by Industry No Breakdowns Available - Insufficient Sample Size Average Compensation by Province Province # of Resp. Average Base Salary ($000s) Average Total Comp ($000s) 18 $173.6 $205.9 Average Base Salary ($000s) $0.0 $50.0 $100.0 Average Total Comp ($000s) $150.0 $200.0 $250.0 $173.6 All Respondents All Respondents $205.9 $180.6 BC 8 $180.6 $220.0 BC $220.0 © 2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 5 Canadian Data 2013 Risk Management Compensation Survey This Page Intentionally Blank © 2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 6 2013 Risk Management Compensation Survey Director - Business Continuity/Financial/IT Risk Management Average Compensation by Ownership Type # of Resp. Average Base Salary ($000s) Average Total Comp ($000s) All Respondents 7 $132.0 $154.8 Publicly Traded 3 -- -- Private 1 -- -- espondents Average Base Salary ($000s) $160.0 $120.0 $100.0 $132.0 $140.0 licly Traded Average Total Comp ($000s) $180.0 $154.8 Ownership Type $80.0 Government 1 -- -- Not-for-Profit 2 -- -- #N/A #N/A #N/A $60.0 #N/A #N/A $0.0 $0.0 $0.0 $0.0 $0.0 $20.0 $0.0 $40.0 $0.0 Publicly Traded Private Government Not-for-Profit $0.0 All Respondents $0.0 Other Other Average Compensation by Revenue # of Resp. Average Base Salary ($000s) Average Total Comp ($000s) All Respondents 7 $132.0 $154.8 Less than $100 Million 0 -- -- 250 Million $100 - $250 Million 1 -- -- 500 Million $250 - $500 Million 1 -- -- $80.0 $500 Million - $1 Billion 1 -- -- $60.0 - $5 Billion $1 - $5 Billion 1 -- -- - $10 Billion $5 - $10 Billion 1 -- -- Greater than $10 Billion 1 -- -- Average Base Salary ($000s) Average Total Comp ($000s) $180.0 $154.8 $160.0 $140.0 $120.0 $132.0 $100.0 © 2013 Risk and Insurance Management Society, Inc. (RIMS) $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $20.0 $0.0 $40.0 $0.0 Revenue $0.0 All Respondents Less than $100 Million VIII - 7 $100 - $250 Million $250 - $500 Million $500 Million - $1 Billion $1 - $5 Billion $5 - $10 Billion Greater than $10 Billion Canadian Data 2013 Risk Management Compensation Survey Director - Business Continuity/Financial/IT Risk Management Average Compensation by Degree Degree # of Resp. Average Base Salary ($000s) Average Total Comp ($000s) Average Base Salary ($000s) Average Total Comp ($000s) $180.0 $132.0 $154.8 HS/Associate 1 -- -- $160.0 $140.0 $120.0 Bachelors 4 -- -- MA/MS 0 -- -- MBA 1 -- -- JD 0 -- -- $100.0 $154.8 7 $132.0 All Respondents $80.0 $60.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $20.0 $0.0 $40.0 $0.0 All Respondents HS/Associate Bachelors MA/MS MBA JD Average Compensation by Supervisory Responsibility # of Resp. Average Base Salary ($000s) Average Total Comp ($000s) All Respondents 7 $132.0 $154.8 No 1 -- -- Supervisory Responsibility Average Base Salary ($000s) Average Total Comp ($000s) $180.0 $120.0 1 or Fewer 2 -- -- From 1 to 3 2 -- -- From 3 to 5 2 -- -- More than 5 0 -- -- $100.0 $132.0 $140.0 $154.8 $160.0 $80.0 $60.0 © 2013 Risk and Insurance Management Society, Inc. (RIMS) $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $20.0 $0.0 $40.0 $0.0 All Respondents VIII - 8 No 1 or Fewer From 1 to 3 From 3 to 5 More than 5 Canadian Data 2013 Risk Management Compensation Survey Director - Business Continuity/Financial/IT Risk Management Average Compensation by Industry No Breakdowns Available - Insufficient Sample Size Average Compensation by Province No Breakdowns Available - Insufficient Sample Size © 2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 9 Canadian Data 2013 Risk Management Compensation Survey This Page Intentionally Blank © 2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 10 2013 Risk Management Compensation Survey Director - Enterprise Risk Management (ERM)/Strategic Risk Management / Risk Intelligence Average Compensation by Ownership Type # of Resp. Average Base Salary ($000s) Average Total Comp ($000s) All Respondents 36 $122.8 $128.4 Publicly Traded 5 $205.2 $225.2 Private 6 $112.0 $123.7 Government 16 $113.4 $114.9 Not-for-Profit 7 $103.8 $105.2 Other 2 -- -- espondents Average Base Salary ($000s) Average Total Comp ($000s) $250.0 $205.2 $200.0 $225.2 Ownership Type licly Traded $105.2 $103.8 $114.9 $113.4 $123.7 $112.0 $122.8 $100.0 $128.4 $150.0 $0.0 $0.0 $50.0 $0.0 All Respondents Publicly Traded Private Government Not-for-Profit Other Average Compensation by Revenue 4 -- -- $500 Million - $1 Billion 5 $121.9 $124.1 - $5 Billion $1 - $5 Billion 11 $114.8 $120.0 - $10 Billion $5 - $10 Billion 1 -- -- Greater than $10 Billion 1 -- -- © 2013 Risk and Insurance Management Society, Inc. (RIMS) $80.0 $60.0 $40.0 $20.0 $0.0 500 Million $250 - $500 Million $0.0 -- $0.0 -- $0.0 2 $100.0 $120.0 250 Million $100 - $250 Million $114.8 $102.5 $124.1 $99.9 $0.0 9 $121.9 $120.0 Less than $100 Million Average Total Comp ($000s) $0.0 $128.4 $0.0 $122.8 $0.0 36 Average Base Salary ($000s) $140.0 $99.9 Average Total Comp ($000s) $102.5 Average Base Salary ($000s) $128.4 All Respondents # of Resp. $122.8 Revenue $0.0 All Respondents Less than $100 Million VIII - 11 $100 - $250 Million $250 - $500 Million $500 Million - $1 Billion $1 - $5 Billion $5 - $10 Billion Greater than $10 Billion Canadian Data 2013 Risk Management Compensation Survey Director - Enterprise Risk Management (ERM)/Strategic Risk Management / Risk Intelligence Average Compensation by Degree Degree # of Resp. Average Base Salary ($000s) Average Total Comp ($000s) Average Base Salary ($000s) Average Total Comp ($000s) $160.0 All Respondents 36 $122.8 $128.4 $111.8 MA/MS 3 -- -- $100.0 $80.0 $130.0 $105.4 $130.0 9 $111.8 Bachelors $120.0 $105.4 $135.6 $135.6 $123.8 $123.8 6 $128.4 HS/Associate $122.8 $140.0 $60.0 $130.0 JD 1 -- -- $20.0 $0.0 $130.0 $0.0 8 $0.0 MBA $0.0 $40.0 $0.0 All Respondents HS/Associate Bachelors MA/MS MBA JD Average Compensation by Supervisory Responsibility Supervisory Responsibility # of Resp. Average Base Salary ($000s) Average Total Comp ($000s) 36 $122.8 $128.4 Average Base Salary ($000s) Average Total Comp ($000s) $160.0 All Respondents $135.2 From 1 to 3 6 $107.4 $108.0 From 3 to 5 4 -- -- More than 5 3 -- -- $100.0 $80.0 $108.0 $117.2 $107.4 8 $135.2 1 or Fewer $120.0 $117.2 $134.2 $134.2 $130.8 $130.8 14 $128.4 No $122.8 $140.0 $60.0 © 2013 Risk and Insurance Management Society, Inc. (RIMS) $0.0 $0.0 $0.0 $20.0 $0.0 $40.0 $0.0 All Respondents VIII - 12 No 1 or Fewer From 1 to 3 From 3 to 5 More than 5 Canadian Data 2013 Risk Management Compensation Survey Director - Enterprise Risk Management (ERM)/Strategic Risk Management / Risk Intelligence Average Compensation by Industry Industry All Respondents # of Resp. Average Base Salary ($000s) Average Total Comp ($000s) 36 $122.8 $128.4 Average Base Salary ($000s) $0.0 $20.0 $40.0 $60.0 Average Total Comp ($000s) $80.0 $100.0 $120.0 $140.0 $122.8 All Respondents $128.4 Education 7 $116.1 $116.6 $116.1 Education $116.6 Government 9 $116.1 $116.9 $116.1 Government $116.9 Insurance 5 $102.0 $103.0 $102.0 Insurance $103.0 Average Compensation by Province Average Base Salary ($000s) # of Resp. Average Base Salary ($000s) Average Total Comp ($000s) All Respondents 36 $122.8 $128.4 AB 10 Province $0.0 $20.0 $40.0 $60.0 $80.0 Average Total Comp ($000s) $100.0 $120.0 $140.0 $160.0 $122.8 All Respondents $128.4 $142.1 $145.6 $142.1 AB $145.6 ON 10 $124.2 $134.9 $124.2 ON $134.9 SK 6 $109.5 $111.8 $109.5 SK $111.8 © 2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 13 Canadian Data 2013 Risk Management Compensation Survey This Page Intentionally Blank © 2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 14 2013 Risk Management Compensation Survey Director - Insurance and Risk Management Average Compensation by Ownership Type $119.1 $133.1 Publicly Traded 22 $125.3 $154.9 Private 17 $120.2 $138.9 $160.0 $120.2 $100.0 $125.3 $120.0 $119.1 licly Traded $133.1 $140.0 $80.0 Government 26 $113.1 $116.1 Not-for-Profit 13 $115.2 $118.3 Other 2 -- -- $118.3 80 Average Total Comp ($000s) $115.2 All Respondents espondents Average Base Salary ($000s) $180.0 $116.1 Average Total Comp ($000s) $113.1 Average Base Salary ($000s) $138.9 # of Resp. $154.9 Ownership Type $60.0 $40.0 $0.0 $0.0 $20.0 $0.0 All Respondents Publicly Traded Private Government Not-for-Profit Other Average Compensation by Revenue # of Resp. Average Base Salary ($000s) Average Total Comp ($000s) All Respondents 80 $119.1 $133.1 Less than $100 Million 4 -- -- 250 Million $100 - $250 Million 9 $106.4 $109.1 500 Million $250 - $500 Million 7 $128.2 $133.4 $80.0 $500 Million - $1 Billion 7 $107.1 $117.3 $60.0 - $5 Billion $1 - $5 Billion 23 $122.8 $138.5 - $10 Billion $5 - $10 Billion 6 $119.7 $134.8 Greater than $10 Billion 13 $124.7 $152.9 Average Base Salary ($000s) Average Total Comp ($000s) $180.0 $152.9 $160.0 $124.7 $134.8 $119.7 $138.5 $122.8 $117.3 $107.1 $133.4 $128.2 $109.1 $100.0 $106.4 $120.0 $133.1 $140.0 $119.1 $20.0 © 2013 Risk and Insurance Management Society, Inc. (RIMS) $0.0 $40.0 $0.0 Revenue $0.0 All Respondents Less than $100 Million VIII - 15 $100 - $250 Million $250 - $500 Million $500 Million - $1 Billion $1 - $5 Billion $5 - $10 Billion Greater than $10 Billion Canadian Data 2013 Risk Management Compensation Survey Director - Insurance and Risk Management Average Compensation by Degree Degree # of Resp. Average Base Salary ($000s) Average Total Comp ($000s) Average Base Salary ($000s) Average Total Comp ($000s) $180.0 $118.8 $140.0 38 $120.0 $136.3 MA/MS 1 -- -- MBA 10 $131.6 $153.7 JD 3 -- -- $100.0 $119.1 $120.0 Bachelors $153.7 $107.7 $80.0 $131.6 16 $136.3 HS/Associate $160.0 $120.0 $133.1 $118.8 $119.1 $107.7 80 $133.1 All Respondents $60.0 $0.0 $0.0 $0.0 $20.0 $0.0 $40.0 $0.0 All Respondents HS/Associate Bachelors MA/MS MBA JD Average Compensation by Supervisory Responsibility Supervisory Responsibility # of Resp. Average Base Salary ($000s) Average Total Comp ($000s) 80 $119.1 $133.1 Average Base Salary ($000s) Average Total Comp ($000s) $118.0 $131.8 From 3 to 5 10 $112.9 $122.8 More than 5 16 $127.2 $139.8 $139.8 17 $80.0 $127.2 From 1 to 3 $100.0 $122.8 $143.0 $112.9 $123.0 $131.8 16 $118.0 1 or Fewer $120.0 $123.0 $121.9 $121.9 $109.2 $109.2 16 $119.1 No $133.1 $140.0 $143.0 $160.0 All Respondents $60.0 $40.0 © 2013 Risk and Insurance Management Society, Inc. (RIMS) $20.0 $0.0 All Respondents VIII - 16 No 1 or Fewer From 1 to 3 From 3 to 5 More than 5 Canadian Data 2013 Risk Management Compensation Survey Director - Insurance and Risk Management Average Compensation by Industry Industry All Respondents # of Resp. Average Base Salary ($000s) Average Total Comp ($000s) 80 $119.1 $133.1 Average Base Salary ($000s) $0.0 $20.0 $40.0 $60.0 $80.0 Average Total Comp ($000s) $100.0 $120.0 $140.0 $160.0 $180.0 $200.0 $119.1 All Respondents $133.1 Education 13 $112.6 $112.7 $112.6 Education $112.7 Energy 6 $147.1 $185.8 $147.1 Energy $185.8 Government 21 $109.8 $110.4 $109.8 Government $110.4 Mfg - Nondurable (includes Food, Paper & Allied Products) 7 Telecommunications 6 $121.8 $102.4 $136.2 $116.6 Mfg - Nondurable (includes Food, Paper & Allied Products) $121.8 $136.2 $102.4 Telecommunications $116.6 Transportation 5 $114.2 $124.1 $114.2 Transportation $124.1 Average Compensation by Province Average Base Salary ($000s) # of Resp. Average Base Salary ($000s) Average Total Comp ($000s) All Respondents 80 $119.1 $133.1 All Respondents AB 17 $120.6 $135.9 AB BC 8 $105.2 $111.2 BC ON 33 $122.5 $139.1 ON QC 9 $133.0 $155.2 QC Province © 2013 Risk and Insurance Management Society, Inc. (RIMS) $0.0 $20.0 $40.0 $60.0 $80.0 Average Total Comp ($000s) $100.0 $120.0 $140.0 $160.0 $180.0 $119.1 $133.1 $120.6 $135.9 $105.2 $111.2 $122.5 $139.1 $133.0 $155.2 VIII - 17 Canadian Data 2013 Risk Management Compensation Survey This Page Intentionally Blank © 2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 18 2013 Risk Management Compensation Survey Manager - Insurance Management Average Compensation by Ownership Type $114.7 $128.0 Private 8 $87.1 $93.8 $100.0 $80.0 $93.8 14 licly Traded $93.5 Publicly Traded $120.0 $99.2 $106.4 $97.7 $100.3 Average Total Comp ($000s) $93.8 46 $87.1 All Respondents espondents Average Base Salary ($000s) $140.0 $128.0 Average Total Comp ($000s) $114.7 Average Base Salary ($000s) $106.4 # of Resp. $100.3 Ownership Type $60.0 $97.7 $99.2 Not-for-Profit 5 $93.5 $93.8 Other 2 -- -- $40.0 $20.0 $0.0 17 $0.0 Government $0.0 All Respondents Publicly Traded Private Government Not-for-Profit Other Average Compensation by Revenue 46 $100.3 $106.4 Average Base Salary ($000s) Average Total Comp ($000s) $140.0 $500 Million - $1 Billion 5 $101.0 $113.2 - $5 Billion $1 - $5 Billion 10 $116.8 $129.4 - $10 Billion $5 - $10 Billion 4 -- -- Greater than $10 Billion 4 -- -- © 2013 Risk and Insurance Management Society, Inc. (RIMS) $60.0 $40.0 $20.0 $0.0 $104.2 $116.8 $102.0 $113.2 5 $80.0 $101.0 500 Million $250 - $500 Million $104.2 $104.1 $102.0 $102.5 $104.1 6 $100.0 $102.5 250 Million $100 - $250 Million $0.0 -- $0.0 -- $100.3 3 $106.4 $120.0 Less than $100 Million $0.0 Average Total Comp ($000s) $0.0 Average Base Salary ($000s) $0.0 All Respondents # of Resp. $129.4 Revenue $0.0 All Respondents Less than $100 Million VIII - 19 $100 - $250 Million $250 - $500 Million $500 Million - $1 Billion $1 - $5 Billion $5 - $10 Billion Greater than $10 Billion Canadian Data 2013 Risk Management Compensation Survey Manager - Insurance Management Average Compensation by Degree Degree # of Resp. Average Base Salary ($000s) Average Total Comp ($000s) Average Base Salary ($000s) Average Total Comp ($000s) $140.0 All Respondents 46 $100.3 $106.4 $101.9 MA/MS 2 -- -- $80.0 $109.5 $95.9 $103.2 23 $101.9 Bachelors $100.0 $95.9 $117.8 $117.8 $107.7 $107.7 10 $100.3 HS/Associate $106.4 $120.0 $60.0 $40.0 JD 0 -- -- $20.0 $0.0 $109.5 $0.0 $103.2 $0.0 5 $0.0 MBA $0.0 All Respondents HS/Associate Bachelors MA/MS MBA JD Average Compensation by Supervisory Responsibility Supervisory Responsibility # of Resp. Average Base Salary ($000s) Average Total Comp ($000s) 46 $100.3 $106.4 Average Base Salary ($000s) Average Total Comp ($000s) $140.0 All Respondents 7 $106.1 $107.5 $108.9 From 1 to 3 $80.0 $101.5 $114.5 $107.5 $105.9 $106.1 14 $114.5 1 or Fewer $100.0 $105.9 $93.5 $93.5 $88.7 $88.7 17 $100.3 No $106.4 $120.0 $60.0 3 -- -- More than 5 5 $101.5 $108.9 © 2013 Risk and Insurance Management Society, Inc. (RIMS) $20.0 $0.0 From 3 to 5 $0.0 $40.0 $0.0 All Respondents VIII - 20 No 1 or Fewer From 1 to 3 From 3 to 5 More than 5 Canadian Data 2013 Risk Management Compensation Survey Manager - Insurance Management Average Compensation by Industry Industry # of Resp. Average Base Salary ($000s) Average Total Comp ($000s) 46 $100.3 $106.4 Average Base Salary ($000s) $0.0 $20.0 $40.0 $60.0 Average Total Comp ($000s) $80.0 $100.0 $120.0 $140.0 $100.3 All Respondents All Respondents $106.4 Government 10 $90.5 $90.5 $90.5 Government $90.5 $122.4 Utilities 7 $122.4 $130.0 Utilities $130.0 $111.8 Other 5 $111.8 $123.5 Other $123.5 Average Compensation by Province Average Base Salary ($000s) Province All Respondents # of Resp. Average Base Salary ($000s) Average Total Comp ($000s) 46 $100.3 $106.4 $0.0 $20.0 $40.0 $60.0 Average Total Comp ($000s) $80.0 $100.0 $120.0 $140.0 $100.3 All Respondents $106.4 AB 11 $120.6 $130.5 $120.6 AB $130.5 BC 5 $85.3 $85.3 $85.3 BC $85.3 ON 17 $92.8 $99.9 $92.8 ON $99.9 © 2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 21 Canadian Data 2013 Risk Management Compensation Survey This Page Intentionally Blank © 2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 22 2013 Risk Management Compensation Survey Employee Benefits/Workers Compensation Claims Manager No Data Available - Insufficient Sample Size © 2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 23 Canadian Data 2013 Risk Management Compensation Survey This Page Intentionally Blank © 2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 24 2013 Risk Management Compensation Survey Claims Manager Average Compensation by Ownership Type All Respondents 12 $84.3 $87.5 Publicly Traded 1 -- -- Private 3 -- -- Government 5 $73.1 $75.9 Not-for-Profit 2 -- -- Other 1 -- -- espondents Average Base Salary ($000s) $90.0 $80.0 licly Traded Average Total Comp ($000s) $100.0 $70.0 $60.0 $75.9 Average Total Comp ($000s) $73.1 Average Base Salary ($000s) $87.5 # of Resp. $84.3 Ownership Type $50.0 $40.0 $30.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $10.0 $0.0 $20.0 $0.0 All Respondents Publicly Traded Private Government Not-for-Profit Other Average Compensation by Revenue Average Total Comp ($000s) All Respondents 12 $84.3 $87.5 Less than $100 Million 2 -- -- 250 Million $100 - $250 Million 2 -- -- 500 Million $250 - $500 Million 1 -- -- $500 Million - $1 Billion 0 -- -- - $5 Billion $1 - $5 Billion 1 -- -- - $10 Billion $5 - $10 Billion 2 -- -- Greater than $10 Billion 1 -- -- Average Base Salary ($000s) Average Total Comp ($000s) $100.0 $90.0 $80.0 $70.0 $87.5 Average Base Salary ($000s) $84.3 # of Resp. $60.0 $50.0 $40.0 $30.0 © 2013 Risk and Insurance Management Society, Inc. (RIMS) $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $10.0 $0.0 $20.0 $0.0 Revenue $0.0 All Respondents Less than $100 Million VIII - 25 $100 - $250 Million $250 - $500 Million $500 Million - $1 Billion $1 - $5 Billion $5 - $10 Billion Greater than $10 Billion Canadian Data 2013 Risk Management Compensation Survey Claims Manager Average Compensation by Degree Degree # of Resp. Average Base Salary ($000s) Average Total Comp ($000s) Average Base Salary ($000s) Average Total Comp ($000s) $100.0 $84.3 $87.5 HS/Associate 4 -- -- Bachelors 2 -- -- MA/MS 0 -- -- MBA 0 -- -- JD 0 $90.0 $80.0 $70.0 $87.5 12 $84.3 All Respondents $60.0 $50.0 $40.0 $30.0 -- -- $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $10.0 $0.0 $20.0 $0.0 All Respondents HS/Associate Bachelors MA/MS MBA JD Average Compensation by Supervisory Responsibility # of Resp. Average Base Salary ($000s) Average Total Comp ($000s) All Respondents 12 $84.3 $87.5 No 6 $74.0 $78.8 1 or Fewer 2 -- -- From 1 to 3 3 -- -- From 3 to 5 1 -- -- More than 5 0 -- -- Supervisory Responsibility Average Base Salary ($000s) Average Total Comp ($000s) $100.0 $60.0 $78.8 $74.0 $70.0 $87.5 $80.0 $84.3 $90.0 $50.0 $40.0 © 2013 Risk and Insurance Management Society, Inc. (RIMS) $30.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $10.0 $0.0 $20.0 $0.0 All Respondents VIII - 26 No 1 or Fewer From 1 to 3 From 3 to 5 More than 5 Canadian Data 2013 Risk Management Compensation Survey Claims Manager Average Compensation by Industry No Breakdowns Available - Insufficient Sample Size Average Compensation by Province No Breakdowns Available - Insufficient Sample Size © 2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 27 Canadian Data 2013 Risk Management Compensation Survey This Page Intentionally Blank © 2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 28 2013 Risk Management Compensation Survey Environmental, Health or Safety Manager No Data Available - Insufficient Sample Size © 2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 29 Canadian Data 2013 Risk Management Compensation Survey This Page Intentionally Blank © 2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 30 2013 Risk Management Compensation Survey Risk Management Analyst (Enterprise-Wide) Average Compensation by Ownership Type $84.6 $89.9 Private 4 -- -- $60.0 Government 10 $78.0 $78.5 $40.0 Not-for-Profit 5 $71.0 $71.9 Other 1 -- -- $80.0 $78.0 $104.6 $94.4 $94.4 $89.9 12 $84.6 Publicly Traded $20.0 $0.0 licly Traded $104.6 $100.0 $0.0 32 Average Total Comp ($000s) $0.0 All Respondents espondents Average Base Salary ($000s) $120.0 $71.9 Average Total Comp ($000s) $71.0 Average Base Salary ($000s) $78.5 # of Resp. $0.0 Ownership Type $0.0 All Respondents Publicly Traded Private Government Not-for-Profit Other Average Compensation by Revenue # of Resp. Average Base Salary ($000s) Average Total Comp ($000s) All Respondents 32 $84.6 $89.9 Less than $100 Million 3 -- -- 250 Million $100 - $250 Million 4 -- -- 500 Million $250 - $500 Million 0 -- -- $500 Million - $1 Billion 0 -- -- $40.0 - $5 Billion $1 - $5 Billion 7 $88.3 $97.2 $20.0 - $10 Billion $5 - $10 Billion 0 -- -- Greater than $10 Billion 7 $94.6 $102.0 Average Base Salary ($000s) Average Total Comp ($000s) $120.0 © 2013 Risk and Insurance Management Society, Inc. (RIMS) $94.6 $97.2 $88.3 $89.9 $80.0 $84.6 $100.0 $102.0 Revenue $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $60.0 $0.0 All Respondents Less than $100 Million VIII - 31 $100 - $250 Million $250 - $500 Million $500 Million - $1 Billion $1 - $5 Billion $5 - $10 Billion Greater than $10 Billion Canadian Data 2013 Risk Management Compensation Survey Risk Management Analyst (Enterprise-Wide) Average Compensation by Degree Degree # of Resp. Average Base Salary ($000s) Average Total Comp ($000s) Average Base Salary ($000s) Average Total Comp ($000s) $100.0 $79.1 $79.9 Bachelors 14 $73.1 $78.0 MA/MS 2 -- -- MBA 3 -- -- JD 0 $80.0 $70.0 $60.0 $78.0 5 $73.1 HS/Associate $90.0 $79.9 $89.9 $79.1 $84.6 $89.9 32 $84.6 All Respondents $50.0 $40.0 $30.0 -- -- $0.0 $0.0 $0.0 $0.0 $0.0 $10.0 $0.0 $20.0 $0.0 All Respondents HS/Associate Bachelors MA/MS MBA JD Average Compensation by Supervisory Responsibility # of Resp. Average Base Salary ($000s) Average Total Comp ($000s) All Respondents 32 $84.6 $89.9 No 26 $82.3 $85.1 Supervisory Responsibility Average Base Salary ($000s) Average Total Comp ($000s) $89.6 $103.5 From 1 to 3 0 -- -- $40.0 From 3 to 5 0 -- -- $20.0 More than 5 1 -- -- © 2013 Risk and Insurance Management Society, Inc. (RIMS) $89.6 $85.1 5 $82.3 1 or Fewer $89.9 $80.0 $84.6 $100.0 $103.5 $120.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $60.0 $0.0 All Respondents VIII - 32 No 1 or Fewer From 1 to 3 From 3 to 5 More than 5 Canadian Data 2013 Risk Management Compensation Survey Risk Management Analyst (Enterprise-Wide) Average Compensation by Industry Average Base Salary ($000s) # of Resp. Average Base Salary ($000s) Average Total Comp ($000s) All Respondents 32 $84.6 $89.9 All Respondents Energy 6 $109.5 $125.9 Energy Government 7 $78.1 $78.1 Government Insurance 5 $78.2 $79.6 Insurance Industry $0.0 $20.0 $40.0 Average Total Comp ($000s) $60.0 $80.0 $100.0 $120.0 $140.0 $84.6 $89.9 $109.5 $125.9 $78.1 $78.1 $78.2 $79.6 Average Compensation by Province Average Base Salary ($000s) # of Resp. Average Base Salary ($000s) Average Total Comp ($000s) All Respondents 32 $84.6 $89.9 AB 8 BC 6 ON 11 Province $0.0 $20.0 $40.0 $60.0 Average Total Comp ($000s) $80.0 $100.0 $120.0 $140.0 $84.6 All Respondents $89.9 $104.6 $104.6 $116.9 AB $116.9 $90.0 $90.0 $94.2 BC $94.2 $70.2 $70.2 $71.9 ON $71.9 © 2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 33 Canadian Data 2013 Risk Management Compensation Survey This Page Intentionally Blank © 2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 34 2013 Risk Management Compensation Survey Risk Management Analyst Average Compensation by Ownership Type Publicly Traded 9 $79.2 $85.7 Private 6 $73.7 $79.2 $80.0 $70.0 licly Traded $60.0 $77.7 $79.3 $77.7 $76.3 Average Total Comp ($000s) $79.2 31 $73.7 All Respondents espondents Average Base Salary ($000s) $90.0 $85.7 Average Total Comp ($000s) $79.2 Average Base Salary ($000s) $79.3 # of Resp. $76.3 Ownership Type $50.0 $40.0 Government 12 $77.7 $77.7 Not-for-Profit 2 -- -- Other 2 -- -- $30.0 $0.0 $0.0 $0.0 $10.0 $0.0 $20.0 $0.0 All Respondents Publicly Traded Private Government Not-for-Profit Other Average Compensation by Revenue Average Base Salary ($000s) Average Total Comp ($000s) All Respondents 31 $76.3 $79.3 Less than $100 Million 5 $70.3 $72.3 250 Million $100 - $250 Million 1 -- -- 500 Million $250 - $500 Million 0 -- -- $500 Million - $1 Billion 7 $70.6 $72.3 - $5 Billion $1 - $5 Billion 9 $83.2 $87.6 - $10 Billion $5 - $10 Billion 2 -- -- Greater than $10 Billion 1 -- -- Average Base Salary ($000s) Average Total Comp ($000s) $100.0 $90.0 $83.2 $72.3 $70.6 $72.3 $60.0 $70.3 $79.3 $70.0 $76.3 $80.0 $87.6 # of Resp. $50.0 $40.0 $30.0 © 2013 Risk and Insurance Management Society, Inc. (RIMS) $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $10.0 $0.0 $20.0 $0.0 Revenue $0.0 All Respondents Less than $100 Million VIII - 35 $100 - $250 Million $250 - $500 Million $500 Million - $1 Billion $1 - $5 Billion $5 - $10 Billion Greater than $10 Billion Canadian Data 2013 Risk Management Compensation Survey Risk Management Analyst Average Compensation by Degree Degree # of Resp. Average Base Salary ($000s) Average Total Comp ($000s) Average Base Salary ($000s) Average Total Comp ($000s) $90.0 HS/Associate 4 -- -- $80.0 $70.0 $60.0 Bachelors 11 $70.3 $72.5 MA/MS 0 -- -- MBA 2 -- -- JD 0 -- -- $72.5 $79.3 $70.3 $76.3 $79.3 31 $76.3 All Respondents $50.0 $40.0 $30.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $10.0 $0.0 $20.0 $0.0 All Respondents HS/Associate Bachelors MA/MS MBA JD Average Compensation by Supervisory Responsibility # of Resp. Average Base Salary ($000s) Average Total Comp ($000s) All Respondents 31 $76.3 $79.3 No 25 $75.0 $77.8 Supervisory Responsibility Average Base Salary ($000s) Average Total Comp ($000s) $90.0 $60.0 1 or Fewer 3 -- -- From 1 to 3 2 -- -- From 3 to 5 0 -- -- More than 5 1 -- -- $77.8 $75.0 $79.3 $70.0 $76.3 $80.0 $50.0 $40.0 $30.0 © 2013 Risk and Insurance Management Society, Inc. (RIMS) $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $10.0 $0.0 $20.0 $0.0 All Respondents VIII - 36 No 1 or Fewer From 1 to 3 From 3 to 5 More than 5 Canadian Data 2013 Risk Management Compensation Survey Risk Management Analyst Average Compensation by Industry Industry All Respondents # of Resp. Average Base Salary ($000s) Average Total Comp ($000s) 31 $76.3 $79.3 $0.0 $10.0 Average Base Salary ($000s) Average Total Comp ($000s) $20.0 $50.0 $30.0 $40.0 $60.0 $70.0 $80.0 $90.0 $76.3 All Respondents $79.3 $69.2 Education 6 $69.2 $69.2 Education Energy 7 $79.8 $85.5 Energy Government 6 $83.4 $83.4 Government $69.2 $79.8 $85.5 $83.4 $83.4 Average Compensation by Province Province # of Resp. Average Base Salary ($000s) Average Base Salary ($000s) Average Total Comp ($000s) $0.0 All Respondents 31 $76.3 $79.3 $10.0 $20.0 $30.0 $40.0 $50.0 Average Total Comp ($000s) $60.0 $70.0 $80.0 $90.0 $100.0 $76.3 All Respondents $79.3 AB 10 $81.2 $86.0 $81.2 AB $86.0 ON 9 $75.8 $77.6 $75.8 ON $77.6 © 2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 37 Canadian Data 2013 Risk Management Compensation Survey This Page Intentionally Blank © 2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 38 2013 Risk Management Compensation Survey Claims Analyst Average Compensation by Ownership Type All Respondents 7 $60.4 $60.4 Publicly Traded 0 -- -- Private 0 -- -- espondents Average Base Salary ($000s) Average Total Comp ($000s) $70.0 $60.0 $50.0 licly Traded $60.4 Average Total Comp ($000s) $60.4 Average Base Salary ($000s) $60.4 # of Resp. $60.4 Ownership Type $40.0 $30.0 Other 0 -- -- $10.0 $0.0 -- $0.0 -- $0.0 0 $0.0 Not-for-Profit $20.0 $0.0 $60.4 $0.0 $60.4 $0.0 7 $0.0 Government $0.0 All Respondents Publicly Traded Private Government Not-for-Profit Other Average Compensation by Revenue No Breakdowns Available - Insufficient Sample Size © 2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 39 Canadian Data 2013 Risk Management Compensation Survey Claims Analyst Average Compensation by Degree No Breakdowns Available - Insufficient Sample Size Average Compensation by Supervisory Responsibility Supervisory Responsibility # of Resp. Average Base Salary ($000s) Average Total Comp ($000s) Average Base Salary ($000s) Average Total Comp ($000s) $70.0 $60.0 No 6 $60.6 $60.6 1 or Fewer 1 -- -- From 1 to 3 0 -- -- $50.0 $60.6 $60.4 $60.6 $60.4 $60.4 7 $60.4 All Respondents $40.0 $30.0 -- © 2013 Risk and Insurance Management Society, Inc. (RIMS) $0.0 -- $0.0 0 $0.0 More than 5 $10.0 $0.0 -- $0.0 -- $0.0 0 $0.0 From 3 to 5 $0.0 $20.0 $0.0 All Respondents VIII - 40 No 1 or Fewer From 1 to 3 From 3 to 5 More than 5 Canadian Data 2013 Risk Management Compensation Survey Claims Analyst Average Compensation by Industry No Breakdowns Available - Insufficient Sample Size Average Compensation by Province No Breakdowns Available - Insufficient Sample Size © 2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 41 Canadian Data 2013 Risk Management Compensation Survey This Page Intentionally Blank © 2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 42 2013 Risk Management Compensation Survey Chief Risk Officer | Vice President - Risk Management | Vice President - Strategic and Enterprise Risk Description of Responsibilities: Plans and directs all aspects of an organization's risk management policies, objectives, and initiatives. Responsible for the development and execution of the organization’s enterprise risk and risk appetite frameworks, and related processes to achieve the organization’s short- and long-term strategic, financial and operational goals. Directs the development of the organization’s risk practices as an interrelated risk portfolio to create, capture and protect the enterprise value. Seeks ways to optimize risk decision making in the organization as a competitive advantage, using multiple techniques and solutions. Recognized as a dynamic, proactive and decisive risk leader. Possesses a broadbased operational perspective, an intimate knowledge of internal business processes and understanding of the organization’s industry. Adapts well to and initiates change in the organization. Demonstrates expertise in a variety of the field's concepts, practices, and procedures. Relies on extensive personal leadership skills, network of internal and external alliances, experience and judgment to plan and accomplish goals. Performs a variety of tasks. Leads and directs the work of others. A wide degree of creativity and latitude is expected. Key traits for the individual in this position are: highly developed communications, team player, change agent, strategic and creative, excellent project management skills and the ability to drive performance from all areas within the organization. Position level/Reporting Structure: This person typically reports to the CEO, President, Principal or Executive Director They are identified as the top risk executive in the company and may be the CFO or COO if these positions are identified as the person responsible for all activities relating to risk within the organization. Cash Compensation (All dollar amounts are displayed in CAD $000s) Base Salary Scope # of Resp. All Respondents 18 Bonus Amount 50th pct Average 25th pct (median) 75th pct $173.6 $150.0 $175.0 $200.0 # of Resp. 10 Target Bonus 50th pct Average 25th pct (median) 75th pct $58.2 $45.0 $55.0 $70.0 # of Resp. Average 9 33.0% 50th pct (median) # of Resp. 30.0% 18 Total Cash Compensation Yrs. In Risk Mgmt 50th pct Average 25th pct (median) 75th pct Average 50th pct (median) 12.9 10.0 $205.9 $153.0 $202.5 $258.0 Ownership Type Publicly Traded Private Government Not-for-Profit Other # of Resp. 2 5 6 3 2 50th pct Average 25th pct (median) 75th pct ----$176.0 -$175.0 -$171.3 -$146.5 ---------- # of Resp. 2 3 3 1 1 50th pct Average 25th pct (median) 75th pct --------------------- # of Resp. Average 2 -3 -3 -1 -0 -- 50th pct (median) ------ # of Resp. 2 5 6 3 2 50th pct Average 25th pct (median) 75th pct ----$222.0 -$220.0 -$199.5 -$169.0 ---------- Average -6.6 18.3 --- 50th pct (median) -7.0 14.0 --- Revenue Less than $100 Million $100 - $250 Million $250 - $500 Million $500 Million - $1 Billion $1 - $5 Billion $5 - $10 Billion Greater than $10 Billion # of Resp. 3 3 3 1 6 1 1 50th pct Average 25th pct (median) 75th pct ----------------$192.7 -$187.5 ---------- # of Resp. 2 1 1 1 4 0 1 50th pct Average 25th pct (median) 75th pct ----------------------------- # of Resp. Average 2 -0 -1 -1 -4 -0 -1 -- 50th pct (median) -------- # of Resp. 3 3 3 1 6 1 1 50th pct Average 25th pct (median) 75th pct ----------------$240.8 -$247.5 ---------- Average ----18.3 --- 50th pct (median) ----17.0 --- Degree High School/Associate Degree Bachelors MA/MS MBA JD Ph.D # of Resp. 1 5 1 4 1 1 50th pct Average 25th pct (median) 75th pct ----$170.0 -$175.0 ------------------ # of Resp. 1 4 0 1 1 1 50th pct Average 25th pct (median) 75th pct ------------------------- # of Resp. Average 1 -3 -0 -0 -1 -1 -- 50th pct (median) ------- # of Resp. 1 5 1 4 1 1 50th pct Average 25th pct (median) 75th pct ----$225.0 -$225.0 ------------------ Average -16.4 ----- 50th pct (median) -9.0 ----- Supervisory Responsibility No 1 or Fewer From 1 to 3 From 3 to 5 More than 5 # of Resp. 1 2 4 1 6 50th pct Average 25th pct (median) 75th pct ----------------$179.3 -$188.5 -- # of Resp. 1 0 3 1 3 50th pct Average 25th pct (median) 75th pct --------------------- # of Resp. Average 0 -1 -3 -1 -2 -- 50th pct (median) ------ # of Resp. 1 2 4 1 6 50th pct Average 25th pct (median) 75th pct ----------------$208.5 -$216.0 -- Average ----11.0 50th pct (median) ----11.0 © 2013 Risk and Insurance Management Society, Inc. (RIMS) IX - 1 Canadian Data 2013 Risk Management Compensation Survey Chief Risk Officer | Vice President - Risk Management | Vice President - Strategic and Enterprise Risk Description of Responsibilities: Plans and directs all aspects of an organization's risk management policies, objectives, and initiatives. Responsible for the development and execution of the organization’s enterprise risk and risk appetite Cash Compensation dollarto amounts areorganization’s displayed inshortCAD and $000s) frameworks, and related(All processes achieve the long-term strategic, financial and operational goals. Directs the development of the organization’s risk practices as an interrelated risk portfolio to create, capture and protect the enterprise value. Seeks ways to optimize risk decision making in the organization as a competitive advantage, using multiple techniques and solutions. Recognized as a dynamic, proactive and decisive risk leader. Possesses a broadBase Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt Scope based operational perspective, an intimate knowledge of internal business processes and understanding of the organization’s industry. Adapts well to and initiates change in the organization. Demonstrates expertise in a variety of the field's concepts, practices, and procedures. Relies on extensive personal leadership skills, network of internal and external alliances, experience and judgment to plan and accomplish goals. Performs a variety of tasks. Leads and directs the work ofpct # of 50th pct # of 50th pct 50th pct # of 50th pct 50th others. A wide degree of creativity and latitude isResp. expected. Key traits individual this position highly25th developed communications, player, change (median) agent, strategic and creative, project management skills and(median) the Industry Average 25thfor pctthe (median) 75thinpct Resp. are: Average pct (median) 75th pct #team of Resp. Average Resp. Average excellent 25th pct (median) 75th pct Average ability to drive performance from all areas within the organization. No Breakdowns Available - Insufficient Sample Size Position level/Reporting Structure: This person typically reports to the CEO, President, Principal or Executive Director They are identified as the top risk executive in the company and may be the CFO or COO if these positions are identified as the person responsible for all activities relating to risk within the organization. Base Salary Scope # of Resp. 8 Province BC Bonus Amount 50th pct Average 25th pct (median) 75th pct $180.6 -$176.0 -- # of Resp. 5 Target Bonus 50th pct Average 25th pct (median) 75th pct $63.0 -$60.0 -- # of Resp. Average 3 -- 50th pct (median) -- # of Resp. 8 Total Cash Compensation Yrs. In Risk Mgmt 50th pct Average 25th pct (median) 75th pct $220.0 -$223.5 -- Average 12.1 50th pct (median) 9.5 Respondent Characteristics Gender Long-Term Incentive Eligible Male 83.3% Yes 66.7% Female 16.7% No 33.3% Did Not Indicate 0.0% Did Not Indicate 5.6% Incentive Stock Options (ISOs) Degree High School/Associate Degree Bachelors MA/MS MBA 0.0% Type of Long-term Incentives Received* 27.8% 5.6% 22.2% 8.3% Non-Qualified Stock Options (NQSOs) 0.0% Restricted Stock 25.0% Stock Appreciation Rights (SARs) 0.0% JD 5.6% Performance Shares 8.3% MD 0.0% Performance Units 16.7% Ph.D 5.6% Long-Term Cash 50.0% Other 27.8% Type of Organization Where Employed None of the Above Received * Only includes those eligible for LTI 8.3% Supervise Individuals Parent 66.7% Yes 94.4% Division 0.0% No 5.6% Subsidiary 16.7% Single Location 11.1% Other 5.6% © 2013 Risk and Insurance Management Society, Inc. (RIMS) IX - 2 Canadian Data 2013 Risk Management Compensation Survey Director - Business Continuity/Financial/IT Risk Management Combination of data from the Director - Business Continuity Management, Director - Financial Risk Management (Commodity, Credit, Interest Rates, and/or Foreign Currency), & Director - IT Risk Management positions. See pages 9 though 14 in Section I of this report for a detailed job description of all positions. Cash Compensation (All dollar amounts are displayed in CAD $000s) Base Salary Scope # of Resp. All Respondents 7 Bonus Amount 50th pct Average 25th pct (median) 75th pct $132.0 -- $132.0 -- # of Resp. 4 Target Bonus 50th pct Average 25th pct (median) 75th pct -- -- -- -- # of Resp. Average 3 -- 50th pct (median) # of Resp. -- 7 Total Cash Compensation Yrs. In Risk Mgmt 50th pct Average 25th pct (median) 75th pct Average 50th pct (median) 11.9 12.0 $154.8 -- $132.0 -- Ownership Type Publicly Traded Private Government Not-for-Profit Other # of Resp. 3 1 1 2 #N/A 50th pct Average 25th pct (median) 75th pct ----------------#N/A #N/A #N/A #N/A # of Resp. 3 0 1 0 #N/A 50th pct Average 25th pct (median) 75th pct ----------------#N/A #N/A #N/A #N/A # of Resp. Average 3 -0 -0 -0 -#N/A #N/A 50th pct (median) ----#N/A # of Resp. 3 1 1 2 #N/A 50th pct Average 25th pct (median) 75th pct ----------------#N/A #N/A #N/A #N/A Average ----#N/A 50th pct (median) ----#N/A Revenue Less than $100 Million $100 - $250 Million $250 - $500 Million $500 Million - $1 Billion $1 - $5 Billion $5 - $10 Billion Greater than $10 Billion # of Resp. 0 1 1 1 1 1 1 50th pct Average 25th pct (median) 75th pct ----------------------------- # of Resp. 0 0 1 0 1 1 1 50th pct Average 25th pct (median) 75th pct ----------------------------- # of Resp. Average 0 -0 -0 -0 -1 -1 -1 -- 50th pct (median) -------- # of Resp. 0 1 1 1 1 1 1 50th pct Average 25th pct (median) 75th pct ----------------------------- Average -------- 50th pct (median) -------- Degree High School/Associate Degree Bachelors MA/MS MBA JD Ph.D # of Resp. 1 4 0 1 0 0 50th pct Average 25th pct (median) 75th pct ------------------------- # of Resp. 1 2 0 1 0 0 50th pct Average 25th pct (median) 75th pct ------------------------- # of Resp. Average 1 -1 -0 -1 -0 -0 -- 50th pct (median) ------- # of Resp. 1 4 0 1 0 0 50th pct Average 25th pct (median) 75th pct ------------------------- Average ------- 50th pct (median) ------- Supervisory Responsibility No 1 or Fewer From 1 to 3 From 3 to 5 More than 5 # of Resp. 1 2 2 2 0 50th pct Average 25th pct (median) 75th pct --------------------- # of Resp. 0 1 1 2 0 50th pct Average 25th pct (median) 75th pct --------------------- # of Resp. Average 0 -1 -1 -1 -0 -- 50th pct (median) ------ # of Resp. 1 2 2 2 0 50th pct Average 25th pct (median) 75th pct --------------------- Average ------ 50th pct (median) ------ © 2013 Risk and Insurance Management Society, Inc. (RIMS) IX - 3 Canadian Data 2013 Risk Management Compensation Survey Director - Business Continuity/Financial/IT Risk Management Combination of data from the Director - Business Continuity Management, Director - Financial Risk Management (Commodity, Credit, Interest Rates, and/or Foreign Currency), & Director - IT Risk Management positions. Cash Compensation (All dollar amounts are displayed in CAD $000s) See pages 9 though 14 in Section I of this report for a detailed job description of all positions. Base Salary Scope # of Resp. Industry 50th pct Average 25th pct (median) 75th pct Bonus Amount # of Resp. Target Bonus 50th pct Average 25th pct (median) 75th pct # of Resp. Average 50th pct (median) # of Resp. Total Cash Compensation Yrs. In Risk Mgmt 50th pct Average 25th pct (median) 75th pct Average Total Cash Compensation Yrs. In Risk Mgmt 50th pct Average 25th pct (median) 75th pct Average 50th pct (median) No Breakdowns Available - Insufficient Sample Size Base Salary Scope # of Resp. Province Bonus Amount 50th pct Average 25th pct (median) 75th pct # of Resp. Target Bonus 50th pct Average 25th pct (median) 75th pct # of Resp. Average 50th pct (median) # of Resp. 50th pct (median) No Breakdowns Available - Insufficient Sample Size Respondent Characteristics Gender Long-Term Incentive Eligible Male 85.7% Yes 14.3% Female 14.3% No 85.7% Did Not Indicate 0.0% Did Not Indicate Degree 0.0% Type of Long-term Incentives Received* High School/Associate Degree 14.3% Incentive Stock Options (ISOs) -- Bachelors 57.1% Non-Qualified Stock Options (NQSOs) -- Restricted Stock -- Stock Appreciation Rights (SARs) -- MA/MS MBA 0.0% 14.3% JD 0.0% Performance Shares -- MD 0.0% Performance Units -- Ph.D 0.0% Long-Term Cash -- Other 14.3% None of the Above Received * Insufficient Sample; Only includes those eligible for LTI -- Parent 42.9% Yes 85.7% Division 0.0% No 14.3% Type of Organization Where Employed Supervise Individuals Subsidiary 14.3% Single Location 28.6% Other 14.3% © 2013 Risk and Insurance Management Society, Inc. (RIMS) IX - 4 Canadian Data 2013 Risk Management Compensation Survey Director - Enterprise Risk Management (ERM)/Strategic Risk Management / Risk Intelligence Combination of data from the Director - Enterprise Risk Management (ERM) & Director - Strategic Risk Management / Risk Intelligence positions. See pages 9 though 14 in Section I of this report for a detailed job description of all positions. Cash Compensation (All dollar amounts are displayed in CAD $000s) Base Salary Scope # of Resp. All Respondents 36 Bonus Amount 50th pct Average 25th pct (median) 75th pct $122.8 $99.0 $110.0 $129.0 # of Resp. 11 Target Bonus 50th pct Average 25th pct (median) 75th pct $18.4 $6.4 $7.8 $35.0 # of Resp. Average 8 29.0% 50th pct (median) # of Resp. 21.0% 36 Total Cash Compensation Yrs. In Risk Mgmt 50th pct Average 25th pct (median) 75th pct Average 50th pct (median) 13.2 11.5 $128.4 $100.0 $115.6 $135.5 Ownership Type Publicly Traded Private Government Not-for-Profit Other # of Resp. 5 6 16 7 2 50th pct Average 25th pct (median) 75th pct $205.2 -$165.0 -$112.0 -$113.0 -$113.4 $101.0 $109.2 $125.0 $103.8 -$110.0 ------ # of Resp. 2 4 3 2 0 50th pct Average 25th pct (median) 75th pct --------------------- # of Resp. Average 4 -0 -3 -0 -1 -- 50th pct (median) ------ # of Resp. 5 6 16 7 2 50th pct Average 25th pct (median) 75th pct $225.2 -$200.0 -$123.7 -$119.0 -$114.9 $101.0 $113.1 $125.1 $105.2 -$110.0 ------ Average 16.2 12.7 11.2 16.3 -- 50th pct (median) 15.0 11.0 10.4 17.0 -- Revenue Less than $100 Million $100 - $250 Million $250 - $500 Million $500 Million - $1 Billion $1 - $5 Billion $5 - $10 Billion Greater than $10 Billion # of Resp. 9 2 4 5 11 1 1 50th pct Average 25th pct (median) 75th pct $99.9 -$100.0 ---------$121.9 -$110.0 -$114.8 $102.0 $108.3 $125.0 --------- # of Resp. 3 1 1 2 2 0 1 50th pct Average 25th pct (median) 75th pct ----------------------------- # of Resp. Average 1 -0 -1 -1 -3 -1 -1 -- 50th pct (median) -------- # of Resp. 9 2 4 5 11 1 1 50th pct Average 25th pct (median) 75th pct $102.5 -$100.0 ---------$124.1 -$113.5 -$120.0 $102.0 $116.1 $125.0 --------- Average 13.0 --15.0 12.5 --- 50th pct (median) 13.0 --15.0 10.0 --- Degree High School/Associate Degree Bachelors MA/MS MBA JD Ph.D # of Resp. 6 9 3 8 1 1 50th pct Average 25th pct (median) 75th pct $123.8 -$116.8 -$105.4 -$95.0 -----$130.0 -$125.0 ---------- # of Resp. 5 2 0 0 0 1 50th pct Average 25th pct (median) 75th pct $14.2 -$7.7 ---------------------- # of Resp. Average 2 -3 -0 -0 -1 -1 -- 50th pct (median) ------- # of Resp. 6 9 3 8 1 1 50th pct Average 25th pct (median) 75th pct $135.6 -$130.6 -$111.8 -$95.0 -----$130.0 -$125.0 ---------- Average 23.2 13.9 -12.9 --- 50th pct (median) 27.5 13.0 -11.5 --- Supervisory Responsibility No 1 or Fewer From 1 to 3 From 3 to 5 More than 5 # of Resp. 14 8 6 4 3 50th pct Average 25th pct (median) 75th pct $130.8 $100.0 $108.5 $125.0 $117.2 -$113.0 -$107.4 -$105.0 ---------- # of Resp. 3 6 1 1 0 50th pct Average 25th pct (median) 75th pct ----$24.0 -$15.0 -------------- # of Resp. Average 2 -3 -1 -1 -0 -- 50th pct (median) ------ # of Resp. 14 8 6 4 3 50th pct Average 25th pct (median) 75th pct $134.2 $102.0 $108.5 $125.2 $135.2 -$120.0 -$108.0 -$106.8 ---------- Average 13.1 13.2 16.0 --- 50th pct (median) 12.0 12.5 12.5 --- © 2013 Risk and Insurance Management Society, Inc. (RIMS) IX - 5 Canadian Data 2013 Risk Management Compensation Survey Director - Enterprise Risk Management (ERM)/Strategic Risk Management / Risk Intelligence Combination of data from the Director - Enterprise Risk Management (ERM) & Director - Strategic Risk Management / Risk Intelligence positions. Cash Compensation (All dollar amounts are displayed in CAD $000s) See pages 9 though 14 in Section I of this report for a detailed job description of all positions. Base Salary Scope # of Resp. 7 9 5 Industry Education Government Insurance 50th pct Average 25th pct (median) 75th pct $116.1 -$115.0 -$116.1 -$110.0 -$102.0 -$100.0 -- Bonus Amount # of Resp. 1 1 1 50th pct Average 25th pct (median) 75th pct ------------- Base Salary Scope # of Resp. 10 10 6 Province AB ON SK Target Bonus Bonus Amount 50th pct Average 25th pct (median) 75th pct $142.1 $108.3 $115.5 $125.0 $124.2 $105.0 $119.0 $150.0 $109.5 -$105.0 -- # of Resp. 3 3 2 # of Resp. Average 0 -1 -1 -- 50th pct (median) ---- # of Resp. 7 9 5 Target Bonus 50th pct Average 25th pct (median) 75th pct ------------- # of Resp. Average 3 -3 -1 -- 50th pct (median) ---- # of Resp. 10 10 6 Total Cash Compensation Yrs. In Risk Mgmt 50th pct Average 25th pct (median) 75th pct $116.6 -$115.0 -$116.9 -$110.0 -$103.0 -$100.0 -- Average 13.1 11.2 11.2 Total Cash Compensation Yrs. In Risk Mgmt 50th pct Average 25th pct (median) 75th pct $145.6 $110.0 $120.6 $136.0 $134.9 $105.0 $119.0 $171.0 $111.8 -$106.8 -- Average 10.3 14.2 11.0 50th pct (median) 12.0 6.0 7.0 50th pct (median) 7.9 12.5 8.0 Respondent Characteristics Gender Long-Term Incentive Eligible Male 61.1% Yes 13.9% Female 38.9% No 86.1% Did Not Indicate 0.0% Did Not Indicate Degree Type of Long-term Incentives Received* High School/Associate Degree 16.7% Incentive Stock Options (ISOs) Bachelors 25.0% Non-Qualified Stock Options (NQSOs) MA/MS MBA 0.0% 8.3% 22.2% 20.0% 0.0% Restricted Stock 80.0% Stock Appreciation Rights (SARs) 0.0% JD 2.8% Performance Shares 0.0% MD 0.0% Performance Units 20.0% Ph.D 2.8% Long-Term Cash 0.0% Other 22.2% None of the Above Received * Only includes those eligible for LTI 0.0% Type of Organization Where Employed Supervise Individuals Parent 52.8% Yes 61.1% Division 8.3% No 38.9% Subsidiary 5.6% Single Location 11.1% Other 22.2% © 2013 Risk and Insurance Management Society, Inc. (RIMS) IX - 6 Canadian Data 2013 Risk Management Compensation Survey Director - Insurance and Risk Management Description of Responsibilities: This is a senior insurance and risk management position in an organization, with authority to make decisions on risk management issues affecting the organization. This person is usually not the CEO, CFO or COO unless they spend more than 50% of their time directly involved in, and accountable for, risk management activities/issues affecting the organization. Accountable for protecting the achievement of organizational objectives, ensuring effective hazard (typically insurable risks) risk management for the organization and supervising, leading and/or directing key internal risk stakeholders. This person typically is responsible for the process of identifying, measuring and managing insurable or hazard risks, developing reports and plans, and analyzing risk/insurance problems and defining and/or overseeing the implementation of the risk solutions that help avoid, transfer or mitigate risks in order to optimize operations. Position level/ Reporting Structure: Reports findings on risk exposures to senior executives and/or the organization's board of directors, and implements strategies to manage insurable and/or hazard risks. Operationally reports to the Chief Financial Officer, Chief Risk Officer, or other corporate level officer designee. Cash Compensation (All dollar amounts are displayed in CAD $000s) Base Salary Scope # of Resp. All Respondents 80 Bonus Amount 50th pct Average 25th pct (median) 75th pct $119.1 $97.0 $111.8 $140.0 # of Resp. 45 Target Bonus 50th pct Average 25th pct (median) 75th pct $24.9 $12.0 $20.0 $30.0 # of Resp. Average 29 22.0% 50th pct (median) # of Resp. 20.0% 80 Total Cash Compensation Yrs. In Risk Mgmt 50th pct Average 25th pct (median) 75th pct Average 50th pct (median) 17.8 18.0 $133.1 $100.5 $120.0 $149.8 Ownership Type Publicly Traded Private Government Not-for-Profit Other # of Resp. 22 17 26 13 2 50th pct Average 25th pct (median) 75th pct $125.3 $101.7 $127.5 $140.9 $120.2 $95.0 $118.0 $140.0 $113.1 $98.0 $105.5 $132.0 $115.2 $86.0 $105.0 $112.0 ----- # of Resp. 20 15 4 5 1 50th pct Average 25th pct (median) 75th pct $32.6 $15.0 $20.5 $41.0 $21.1 $5.0 $20.0 $25.0 ----$8.1 -$5.0 ------ # of Resp. Average 14 28.0% 9 18.0% 3 -2 -1 -- 50th pct (median) 23.0% 15.0% ---- # of Resp. 22 17 26 13 2 50th pct Average 25th pct (median) 75th pct $154.9 $116.7 $147.0 $180.0 $138.9 $110.0 $140.0 $149.5 $116.1 $98.0 $106.8 $134.0 $118.3 $86.2 $105.0 $121.5 ----- Average 15.5 19.9 18.9 16.5 -- 50th pct (median) 16.5 18.0 19.0 16.0 -- Revenue Less than $100 Million $100 - $250 Million $250 - $500 Million $500 Million - $1 Billion $1 - $5 Billion $5 - $10 Billion Greater than $10 Billion # of Resp. 4 9 7 7 23 6 13 50th pct Average 25th pct (median) 75th pct ----$106.4 -$101.6 -$128.2 -$120.0 -$107.1 -$104.0 -$122.8 $94.0 $130.0 $145.0 $119.7 -$110.5 -$124.7 $97.0 $118.0 $138.0 # of Resp. 2 2 2 4 16 4 9 50th pct Average 25th pct (median) 75th pct ----------------$22.5 $13.8 $20.0 $30.0 ----$40.7 -$25.0 -- # of Resp. Average 2 -0 -1 -2 -13 26.0% 4 -4 -- 50th pct (median) ----15.0% --- # of Resp. 4 9 7 7 23 6 13 50th pct Average 25th pct (median) 75th pct ----$109.1 -$101.6 -$133.4 -$120.0 -$117.3 -$105.0 -$138.5 $104.0 $145.0 $166.5 $134.8 -$125.5 -$152.9 $106.0 $140.0 $175.5 Average -18.4 21.6 14.7 16.8 16.5 20.2 50th pct (median) -21.0 20.0 14.0 19.0 17.0 18.0 Degree High School/Associate Degree Bachelors MA/MS MBA JD Ph.D # of Resp. 16 38 1 10 3 0 50th pct Average 25th pct (median) 75th pct $107.7 $94.5 $103.3 $119.0 $120.0 $97.0 $114.0 $140.9 ----$131.6 $117.0 $134.0 $140.6 --------- # of Resp. 10 22 1 7 1 0 50th pct Average 25th pct (median) 75th pct $17.8 $7.5 $13.5 $25.0 $28.2 $15.0 $20.0 $30.0 ----$31.6 -$30.6 ---------- # of Resp. Average 5 20.0% 16 23.0% 0 -5 23.0% 1 -0 -- 50th pct (median) 15.0% 20.0% -20.0% --- # of Resp. 16 38 1 10 3 0 50th pct Average 25th pct (median) 75th pct $118.8 $100.5 $108.0 $134.0 $136.3 $104.0 $126.5 $150.0 ----$153.7 $117.0 $157.3 $179.0 --------- Average 20.1 18.3 -13.8 --- 50th pct (median) 20.0 17.5 -16.0 --- Supervisory Responsibility No 1 or Fewer From 1 to 3 From 3 to 5 More than 5 # of Resp. 16 16 17 10 16 50th pct Average 25th pct (median) 75th pct $109.2 $89.5 $95.0 $135.5 $123.0 $100.5 $122.5 $135.0 $118.0 $98.0 $106.1 $140.9 $112.9 $99.0 $106.6 $125.0 $127.2 $103.3 $115.0 $147.5 # of Resp. 12 11 9 5 5 50th pct Average 25th pct (median) 75th pct $16.9 $5.0 $10.5 $25.0 $29.1 $15.0 $20.0 $23.0 $26.0 -$18.0 -$19.7 -$20.0 -$40.3 -$42.0 -- # of Resp. Average 5 19.0% 7 27.0% 8 21.0% 4 -4 -- 50th pct (median) 20.0% 15.0% 18.0% --- # of Resp. 16 16 17 10 16 50th pct Average 25th pct (median) 75th pct $121.9 $89.5 $110.5 $136.3 $143.0 $111.3 $138.8 $149.8 $131.8 $98.0 $121.5 $167.0 $122.8 $101.0 $114.1 $140.0 $139.8 $103.3 $126.0 $177.3 Average 12.4 19.9 18.3 22.3 17.7 50th pct (median) 12.0 20.0 20.0 21.5 19.5 © 2013 Risk and Insurance Management Society, Inc. (RIMS) IX - 7 Canadian Data 2013 Risk Management Compensation Survey Director - Insurance and Risk Management Description of Responsibilities: This is a senior insurance and risk management position in an organization, with authority to make decisions on risk management issues affecting the organization. This person is usually not the CEO, CFO or COO Cash Compensation displayed unless they spend more (All thandollar 50% ofamounts their time are directly involvedinin,CAD and $000s) accountable for, risk management activities/issues affecting the organization. Accountable for protecting the achievement of organizational objectives, ensuring effective hazard (typically insurable risks) risk management for the organization and supervising, leading and/or directing key internal risk stakeholders. This person typically is responsible for the process of identifying, measuring and managing Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt Scope insurable or hazard risks, developing reports and plans, and analyzing risk/insurance problems and defining and/or overseeing the implementation of the risk solutions that help avoid, transfer or mitigate risks in order to optimize operations. # of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct Position level/ Reporting Structure: Reports findings exposures executives and/or the organization's of directors, manage insurable risks. Operationally reports to the Chief Industry Resp.on risk Average 25th to pctsenior (median) 75th pct Resp. Average 25thboard pct (median) 75thand pct implements # of Resp. strategies Average to (median) Resp. and/or Averagehazard 25th pct (median) 75th pct Average (median) Financial Officer, Chief Risk Officer, or other corporate officer designee. 13 level $112.6 $86.0 $99.0 $131.1 2 ----0 --13 $112.7 $86.2 $99.0 $131.1 13.6 13.0 Education 6 $147.1 -$147.5 -6 $38.7 -$42.5 -5 24.0% 25.0% 6 $185.8 -$190.0 -13.8 13.5 Energy 21 $109.8 $97.0 $104.0 $120.0 2 ----0 --21 $110.4 $98.0 $104.0 $120.0 20.8 21.0 Government Mfg - Nondurable (includes Food, Paper & Allied 7 $121.8 -$117.0 -5 $20.1 -$20.0 -4 --7 $136.2 -$117.0 -15.1 19.0 Products) 6 $102.4 -$99.3 -5 $17.0 -$18.0 -3 --6 $116.6 -$115.8 -17.0 17.0 Telecommunications 5 $114.2 -$95.0 -4 ----3 --5 $124.1 -$104.0 -13.2 12.0 Transportation Base Salary Scope # of Resp. 17 8 33 9 Province AB BC ON QC Bonus Amount 50th pct Average 25th pct (median) 75th pct $120.6 $101.0 $111.5 $145.0 $105.2 -$101.6 -$122.5 $99.0 $120.0 $138.0 $133.0 -$130.0 -- # of Resp. 10 3 20 9 Target Bonus 50th pct Average 25th pct (median) 75th pct $26.1 $7.5 $19.0 $45.0 ----$27.4 $6.5 $18.3 $33.8 $22.2 -$20.0 -- # of Resp. Average 6 22.0% 2 -11 21.0% 7 27.0% 50th pct (median) 20.0% -20.0% 15.0% # of Resp. 17 8 33 9 Total Cash Compensation Yrs. In Risk Mgmt 50th pct Average 25th pct (median) 75th pct $135.9 $107.5 $115.0 $157.0 $111.2 -$105.0 -$139.1 $104.0 $125.0 $166.5 $155.2 -$150.0 -- Average 15.7 18.6 18.5 19.2 50th pct (median) 12.0 16.5 19.0 20.0 Respondent Characteristics Gender Long-Term Incentive Eligible Male 62.5% Yes 26.2% Female 37.5% No 73.8% Did Not Indicate 0.0% Did Not Indicate Degree 0.0% Type of Long-term Incentives Received* High School/Associate Degree 20.0% Incentive Stock Options (ISOs) 42.9% Bachelors 47.5% Non-Qualified Stock Options (NQSOs) 14.3% MA/MS MBA 1.2% 12.5% Restricted Stock 9.5% Stock Appreciation Rights (SARs) 4.8% JD 3.8% Performance Shares 19.0% MD 0.0% Performance Units 23.8% Ph.D 0.0% Long-Term Cash 19.0% Other 15.0% None of the Above Received * Only includes those eligible for LTI Parent 60.0% Yes 80.0% Division 7.5% No 20.0% Subsidiary 5.0% Type of Organization Where Employed 0.0% Supervise Individuals Single Location 11.2% Other 16.2% © 2013 Risk and Insurance Management Society, Inc. (RIMS) IX - 8 Canadian Data 2013 Risk Management Compensation Survey Manager - Insurance Management Responsibilities include directing the purchase of insurance programs, management of claims and loss control activities, management of relationships with third party service providers including brokers, insurers, consultants and other administrators, preparing loss analyses and budgets, identifying exposures, recommending solutions, implementing approved programs, promoting loss prevention, updating and monitoring compliance with insurance procedures and managing safety/risk management manuals. Cash Compensation (All dollar amounts are displayed in CAD $000s) Base Salary Scope # of Resp. All Respondents 46 Bonus Amount 50th pct Average 25th pct (median) 75th pct $100.3 $83.5 $94.0 $117.0 # of Resp. 22 Target Bonus 50th pct Average 25th pct (median) 75th pct $12.7 $8.9 $10.8 $15.0 # of Resp. Average 21 14.0% 50th pct (median) # of Resp. 15.0% 46 Total Cash Compensation Yrs. In Risk Mgmt 50th pct Average 25th pct (median) 75th pct Average 50th pct (median) 10.7 9.5 $106.4 $85.0 $97.1 $122.0 Ownership Type Publicly Traded Private Government Not-for-Profit Other # of Resp. 14 8 17 5 2 50th pct Average 25th pct (median) 75th pct $114.7 $88.0 $113.8 $135.0 $87.1 -$83.3 -$97.7 $82.0 $95.0 $117.0 $93.5 -$93.0 ------ # of Resp. 13 4 3 1 1 50th pct Average 25th pct (median) 75th pct $14.4 $9.5 $11.0 $15.0 ----------------- # of Resp. Average 12 15.0% 4 -4 -1 -0 -- 50th pct (median) 15.0% ----- # of Resp. 14 8 17 5 2 50th pct Average 25th pct (median) 75th pct $128.0 $96.5 $124.3 $162.0 $93.8 -$87.5 -$99.2 $82.0 $96.5 $118.0 $93.8 -$93.0 ------ Average 8.0 10.5 12.4 13.8 -- 50th pct (median) 7.5 10.0 7.0 10.0 -- Revenue Less than $100 Million $100 - $250 Million $250 - $500 Million $500 Million - $1 Billion $1 - $5 Billion $5 - $10 Billion Greater than $10 Billion # of Resp. 3 6 5 5 10 4 4 50th pct Average 25th pct (median) 75th pct ----$102.5 -$101.9 -$102.0 -$107.5 -$101.0 -$83.0 -$116.8 $88.0 $113.8 $156.0 --------- # of Resp. 1 2 1 3 9 2 2 50th pct Average 25th pct (median) 75th pct ----------------$14.0 -$10.0 ---------- # of Resp. Average 0 -2 -0 -3 -7 15.0% 3 -3 -- 50th pct (median) ----15.0% --- # of Resp. 3 6 5 5 10 4 4 50th pct Average 25th pct (median) 75th pct ----$104.1 -$101.9 -$104.2 -$107.5 -$113.2 -$103.0 -$129.4 $97.8 $120.0 $166.0 --------- Average -9.1 14.6 10.6 9.7 --- 50th pct (median) -8.5 10.0 10.0 7.8 --- Degree High School/Associate Degree Bachelors MA/MS MBA JD Ph.D # of Resp. 10 23 2 5 0 0 50th pct Average 25th pct (median) 75th pct $107.7 $75.0 $90.0 $156.0 $95.9 $84.0 $90.0 $110.0 ----$103.2 -$100.0 ---------- # of Resp. 5 13 0 3 0 0 50th pct Average 25th pct (median) 75th pct $20.2 -$15.0 -$10.6 $8.9 $10.0 $11.5 ----------------- # of Resp. Average 5 18.0% 10 14.0% 1 -4 -0 -0 -- 50th pct (median) 20.0% 14.0% ----- # of Resp. 10 23 2 5 0 0 50th pct Average 25th pct (median) 75th pct $117.8 $83.5 $97.5 $166.0 $101.9 $87.3 $96.5 $121.0 ----$109.5 -$100.0 ---------- Average 15.8 10.4 -4.6 --- 50th pct (median) 14.0 10.0 -5.0 --- Supervisory Responsibility No 1 or Fewer From 1 to 3 From 3 to 5 More than 5 # of Resp. 17 14 7 3 5 50th pct Average 25th pct (median) 75th pct $88.7 $80.0 $86.0 $93.0 $105.9 $83.5 $102.5 $119.0 $106.1 -$103.8 -----$101.5 -$100.0 -- # of Resp. 8 10 1 1 2 50th pct Average 25th pct (median) 75th pct $10.1 -$10.8 -$12.0 $8.0 $10.5 $15.0 ------------- # of Resp. Average 8 15.0% 9 14.0% 2 -1 -1 -- 50th pct (median) 15.0% 13.0% ---- # of Resp. 17 14 7 3 5 50th pct Average 25th pct (median) 75th pct $93.5 $84.0 $90.5 $96.5 $114.5 $95.0 $107.3 $130.0 $107.5 -$103.8 -----$108.9 -$105.0 -- Average 10.3 9.2 19.0 -7.0 50th pct (median) 8.5 10.0 15.0 -5.0 © 2013 Risk and Insurance Management Society, Inc. (RIMS) IX - 9 Canadian Data 2013 Risk Management Compensation Survey Manager - Insurance Management Responsibilities include directing the purchase of insurance programs, management of claims and loss control activities, management of relationships with third party service providers including brokers, insurers, consultants and other Cash Compensation (All amounts are displayed CAD $000s) administrators, preparing lossdollar analyses and budgets, identifyinginexposures, recommending solutions, implementing approved programs, promoting loss prevention, updating and monitoring compliance with insurance procedures and managing safety/risk management manuals. Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt Scope # of Resp. 10 7 5 Industry Government Utilities Other 50th pct Average 25th pct (median) 75th pct $90.5 $75.0 $86.0 $103.8 $122.4 -$118.0 -$111.8 -$100.0 -- # of Resp. 0 5 4 50th pct Average 25th pct (median) 75th pct ----$10.7 -$10.0 ------ Base Salary Scope # of Resp. 11 5 17 Province AB BC ON Bonus Amount 50th pct Average 25th pct (median) 75th pct $120.6 $107.5 $119.0 $135.0 $85.3 -$87.3 -$92.8 $82.0 $85.0 $95.0 # of Resp. 8 0 10 # of Resp. Average 0 -4 -3 -- 50th pct (median) ---- # of Resp. 10 7 5 Target Bonus 50th pct Average 25th pct (median) 75th pct $13.5 -$11.0 -----$12.0 $5.5 $10.3 $15.0 # of Resp. Average 6 15.0% 1 -9 15.0% 50th pct (median) 15.0% -15.0% # of Resp. 11 5 17 50th pct Average 25th pct (median) 75th pct $90.5 $75.0 $86.0 $103.8 $130.0 -$122.0 -$123.5 -$105.0 -- Average 14.1 12.6 7.2 50th pct (median) 7.5 12.0 5.0 Total Cash Compensation Yrs. In Risk Mgmt 50th pct Average 25th pct (median) 75th pct $130.5 $107.5 $130.0 $135.0 $85.3 -$87.3 -$99.9 $84.0 $93.0 $103.8 Average 7.3 6.0 11.4 50th pct (median) 8.5 6.0 10.0 Respondent Characteristics Gender Long-Term Incentive Eligible Male 54.3% Yes 19.6% Female 43.5% No 80.4% Did Not Indicate 2.2% Did Not Indicate Degree 0.0% Type of Long-term Incentives Received* High School/Associate Degree 21.7% Incentive Stock Options (ISOs) 11.1% Bachelors 50.0% Non-Qualified Stock Options (NQSOs) 11.1% Restricted Stock 11.1% MA/MS MBA 4.3% 10.9% Stock Appreciation Rights (SARs) 0.0% JD 0.0% Performance Shares 11.1% MD 0.0% Performance Units 22.2% Ph.D 0.0% Long-Term Cash 11.1% Other 13.0% None of the Above Received * Only includes those eligible for LTI 33.3% Type of Organization Where Employed Supervise Individuals Parent 69.6% Yes 63.0% Division 2.2% No 37.0% Subsidiary 10.9% Single Location 10.9% Other 6.5% © 2013 Risk and Insurance Management Society, Inc. (RIMS) IX - 10 Canadian Data 2013 Risk Management Compensation Survey Employee Benefits/Workers Compensation Claims Manager Combination of data from the Employee Benefits Manager & Workers' Compensation Claims Manager positions. See pages 9 though 14 in Section I of this report for a detailed job description of all positions. No Breakdowns Available - Insufficient Sample Size © 2013 Risk and Insurance Management Society, Inc. (RIMS) IX - 11 Canadian Data 2013 Risk Management Compensation Survey Employee Benefits/Workers Compensation Claims Manager Combination of data from the Employee Benefits Manager & Workers' Compensation Claims Manager positions. See pages 9 though 14 in Section I of this report for a detailed job description of all positions. No Breakdowns Available - Insufficient Sample Size © 2013 Risk and Insurance Management Society, Inc. (RIMS) IX - 12 Canadian Data 2013 Risk Management Compensation Survey Claims Manager Mitigates an organization’s exposure to risk by formulating, developing, and coordinating all claims-related activities, as well as resolving bona fide claims at the least possible cost through various risk transfer techniques. Directs a program to ensure the proper and efficient handling of claims, gathering data on claims for both record keeping and loss forecasting purposes, and estimating the financial value of claims. Is also responsible for post loss reduction techniques such as salvage, subrogation and rehabilitation. Cash Compensation (All dollar amounts are displayed in CAD $000s) Base Salary Scope # of Resp. All Respondents 12 Bonus Amount 50th pct Average 25th pct (median) 75th pct $84.3 $72.5 $82.5 $95.0 # of Resp. 4 Target Bonus 50th pct Average 25th pct (median) 75th pct -- -- -- -- # of Resp. Average 0 -- 50th pct (median) # of Resp. -- 12 Total Cash Compensation Yrs. In Risk Mgmt 50th pct Average 25th pct (median) 75th pct Average 50th pct (median) 12.3 10.0 $87.5 $73.0 $89.5 $95.0 Ownership Type Publicly Traded Private Government Not-for-Profit Other # of Resp. 1 3 5 2 1 50th pct Average 25th pct (median) 75th pct --------$73.1 -$80.0 ---------- # of Resp. 0 2 2 0 0 50th pct Average 25th pct (median) 75th pct --------------------- # of Resp. Average 0 -0 -0 -0 -0 -- 50th pct (median) ------ # of Resp. 1 3 5 2 1 50th pct Average 25th pct (median) 75th pct --------$75.9 -$80.0 ---------- Average --16.4 --- 50th pct (median) --17.0 --- Revenue Less than $100 Million $100 - $250 Million $250 - $500 Million $500 Million - $1 Billion $1 - $5 Billion $5 - $10 Billion Greater than $10 Billion # of Resp. 2 2 1 0 1 2 1 50th pct Average 25th pct (median) 75th pct ----------------------------- # of Resp. 0 0 0 0 1 2 0 50th pct Average 25th pct (median) 75th pct ----------------------------- # of Resp. Average 0 -0 -0 -0 -0 -0 -0 -- 50th pct (median) -------- # of Resp. 2 2 1 0 1 2 1 50th pct Average 25th pct (median) 75th pct ----------------------------- Average -------- 50th pct (median) -------- Degree High School/Associate Degree Bachelors MA/MS MBA JD Ph.D # of Resp. 4 2 0 0 0 0 50th pct Average 25th pct (median) 75th pct ------------------------- # of Resp. 2 0 0 0 0 0 50th pct Average 25th pct (median) 75th pct ------------------------- # of Resp. Average 0 -0 -0 -0 -0 -0 -- 50th pct (median) ------- # of Resp. 4 2 0 0 0 0 50th pct Average 25th pct (median) 75th pct ------------------------- Average ------- 50th pct (median) ------- Supervisory Responsibility No 1 or Fewer From 1 to 3 From 3 to 5 More than 5 # of Resp. 6 2 3 1 0 50th pct Average 25th pct (median) 75th pct $74.0 -$72.5 ------------------ # of Resp. 3 1 0 0 0 50th pct Average 25th pct (median) 75th pct --------------------- # of Resp. Average 0 -0 -0 -0 -0 -- 50th pct (median) ------ # of Resp. 6 2 3 1 0 50th pct Average 25th pct (median) 75th pct $78.8 -$76.5 ------------------ Average 12.1 ----- 50th pct (median) 7.5 ----- © 2013 Risk and Insurance Management Society, Inc. (RIMS) IX - 13 Canadian Data 2013 Risk Management Compensation Survey Claims Manager Mitigates an organization’s exposure to risk by formulating, developing, and coordinating all claims-related activities, as well as resolving bona fide claims at the least possible cost through various risk transfer techniques. Directs a program to Cash Compensation (All dollar amounts are gathering displayeddata in CAD $000s) ensure the proper and efficient handling of claims, on claims for both record keeping and loss forecasting purposes, and estimating the financial value of claims. Is also responsible for post loss reduction techniques such as salvage, subrogation and rehabilitation. Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt Scope # of Resp. Industry 50th pct Average 25th pct (median) 75th pct # of Resp. 50th pct Average 25th pct (median) 75th pct # of Resp. Average 50th pct (median) # of Resp. 50th pct Average 25th pct (median) 75th pct Average 50th pct (median) Total Cash Compensation Yrs. In Risk Mgmt 50th pct Average 25th pct (median) 75th pct Average No Breakdowns Available - Insufficient Sample Size Base Salary Scope # of Resp. Province Bonus Amount 50th pct Average 25th pct (median) 75th pct # of Resp. Target Bonus 50th pct Average 25th pct (median) 75th pct # of Resp. Average 50th pct (median) # of Resp. 50th pct (median) No Breakdowns Available - Insufficient Sample Size Respondent Characteristics Gender Long-Term Incentive Eligible Male 50.0% Yes 16.7% Female 41.7% No 83.3% Did Not Indicate 8.3% Did Not Indicate Degree 0.0% Type of Long-term Incentives Received* High School/Associate Degree 33.3% Incentive Stock Options (ISOs) -- Bachelors 16.7% Non-Qualified Stock Options (NQSOs) -- MA/MS 0.0% Restricted Stock -- MBA 0.0% Stock Appreciation Rights (SARs) -- JD 0.0% Performance Shares -- MD 0.0% Performance Units -- Ph.D 0.0% Long-Term Cash -- Other 50.0% None of the Above Received * Insufficient Sample; Only includes those eligible for LTI -- Parent 50.0% Yes 50.0% Division 16.7% No 50.0% Subsidiary 16.7% Type of Organization Where Employed Supervise Individuals Single Location 8.3% Other 8.3% © 2013 Risk and Insurance Management Society, Inc. (RIMS) IX - 14 Canadian Data 2013 Risk Management Compensation Survey Environmental, Health or Safety Manager Formulates, develops, and coordinates safety and loss control functions of the organization. Designs and directs a program to reduce accidents, occupational illnesses, and exposure to long-term health hazards through safety-training of supervisors and managers, planned inspections, skill training, first-aid care, emergency preparedness, proper job instruction, new employee indoctrination, physical protection, planned job observation, rules and practices, job analysis/procedures, disposal procedures, and protective equipment. Maintains compliance with governmental regulatory agencies. Responsible for identifying causes of past accidents for taking corrective measures. No Breakdowns Available - Insufficient Sample Size © 2013 Risk and Insurance Management Society, Inc. (RIMS) IX - 15 Canadian Data 2013 Risk Management Compensation Survey Environmental, Health or Safety Manager Formulates, develops, and coordinates safety and loss control functions of the organization. Designs and directs a program to reduce accidents, occupational illnesses, and exposure to long-term health hazards through safety-training of supervisors and managers, planned inspections, skill training, first-aid care, emergency preparedness, proper job instruction, new employee indoctrination, physical protection, planned job observation, rules and practices, job analysis/procedures, disposal procedures, and protective equipment. Maintains compliance with governmental regulatory agencies. Responsible for identifying causes of past accidents for taking corrective measures. No Breakdowns Available - Insufficient Sample Size © 2013 Risk and Insurance Management Society, Inc. (RIMS) IX - 16 Canadian Data 2013 Risk Management Compensation Survey Risk Management Analyst (Enterprise-Wide) Supports the risk manager regarding all aspects of the enterprise-wide risk management program. Responsibilities include facilitating the identification of risks throughout the organization, developing, reporting and monitoring formats on risk management issues and developing methodologies for the assessment of risks throughout the organization. Cash Compensation (All dollar amounts are displayed in CAD $000s) Base Salary Scope # of Resp. All Respondents 32 Bonus Amount 50th pct Average 25th pct (median) 75th pct $84.6 $70.0 $78.0 $97.5 # of Resp. 14 Target Bonus 50th pct Average 25th pct (median) 75th pct $12.0 $3.9 $8.8 $19.0 # of Resp. Average 10 12.0% 50th pct (median) # of Resp. 12.0% 32 Total Cash Compensation Yrs. In Risk Mgmt 50th pct Average 25th pct (median) 75th pct Average 50th pct (median) 6.6 4.0 $89.9 $72.5 $78.5 $99.9 Ownership Type Publicly Traded Private Government Not-for-Profit Other # of Resp. 12 4 10 5 1 50th pct Average 25th pct (median) 75th pct $94.4 $72.5 $81.5 $116.7 ----$78.0 $72.0 $79.1 $95.0 $71.0 -$70.0 ------ # of Resp. 8 3 1 2 0 50th pct Average 25th pct (median) 75th pct $15.3 -$11.2 ------------------ # of Resp. Average 6 15.0% 2 -0 -2 -0 -- 50th pct (median) 14.0% ----- # of Resp. 12 4 10 5 1 50th pct Average 25th pct (median) 75th pct $104.6 $74.0 $87.7 $143.5 ----$78.5 $72.0 $79.1 $95.0 $71.9 -$70.0 ------ Average 5.0 -8.7 9.3 -- 50th pct (median) 3.5 -4.5 10.0 -- Revenue Less than $100 Million $100 - $250 Million $250 - $500 Million $500 Million - $1 Billion $1 - $5 Billion $5 - $10 Billion Greater than $10 Billion # of Resp. 3 4 0 0 7 0 7 50th pct Average 25th pct (median) 75th pct ----------------$88.3 -$81.3 -----$94.6 -$82.9 -- # of Resp. 2 0 0 0 5 0 5 50th pct Average 25th pct (median) 75th pct ----------------$12.6 -$10.0 -----$10.4 -$10.0 -- # of Resp. Average 2 -0 -0 -0 -4 -0 -3 -- 50th pct (median) -------- # of Resp. 3 4 0 0 7 0 7 50th pct Average 25th pct (median) 75th pct ----------------$97.2 -$81.3 -----$102.0 -$95.3 -- Average ----2.7 -9.9 50th pct (median) ----2.5 -5.0 Degree High School/Associate Degree Bachelors MA/MS MBA JD Ph.D # of Resp. 5 14 2 3 0 0 50th pct Average 25th pct (median) 75th pct $79.1 -$77.0 -$73.1 $62.0 $74.5 $80.0 ----------------- # of Resp. 1 8 0 2 0 0 50th pct Average 25th pct (median) 75th pct ----$8.7 -$6.9 ------------------ # of Resp. Average 0 -6 9.0% 0 -2 -0 -0 -- 50th pct (median) -8.0% ----- # of Resp. 5 14 2 3 0 0 50th pct Average 25th pct (median) 75th pct $79.9 -$77.0 -$78.0 $68.2 $75.0 $80.0 ----------------- Average 8.4 5.3 ----- 50th pct (median) 3.0 4.5 ----- Supervisory Responsibility No 1 or Fewer From 1 to 3 From 3 to 5 More than 5 # of Resp. 26 5 0 0 1 50th pct Average 25th pct (median) 75th pct $82.3 $70.0 $77.0 $95.0 $89.6 -$77.0 -------------- # of Resp. 10 3 0 0 1 50th pct Average 25th pct (median) 75th pct $7.3 $3.0 $5.3 $10.0 ----------------- # of Resp. Average 7 9.0% 2 -0 -0 -1 -- 50th pct (median) 5.0% ----- # of Resp. 26 5 0 0 1 50th pct Average 25th pct (median) 75th pct $85.1 $72.0 $78.5 $97.0 $103.5 -$77.0 -------------- Average 6.8 7.1 ---- 50th pct (median) 4.0 4.0 ---- © 2013 Risk and Insurance Management Society, Inc. (RIMS) IX - 17 Canadian Data 2013 Risk Management Compensation Survey Risk Management Analyst (Enterprise-Wide) Supports the risk manager regarding all aspects of the enterprise-wide risk management program. Responsibilities include facilitating the identification of risks throughout the organization, developing, reporting and monitoring formats on risk Cash Compensation dollar amounts are displayed in CAD of $000s) management issues and (All developing methodologies for the assessment risks throughout the organization. Base Salary Scope # of Resp. 6 7 5 Industry Energy Government Insurance Bonus Amount 50th pct Average 25th pct (median) 75th pct $109.5 -$106.4 -$78.1 -$77.0 -$78.2 -$74.0 -- # of Resp. 6 0 2 50th pct Average 25th pct (median) 75th pct $16.4 -$11.2 ---------- Base Salary Scope # of Resp. 8 6 11 Province AB BC ON Target Bonus Bonus Amount 50th pct Average 25th pct (median) 75th pct $104.6 -$95.4 -$90.0 -$88.1 -$70.2 $64.0 $70.0 $79.0 # of Resp. 6 1 5 # of Resp. Average 4 -0 -2 -- 50th pct (median) ---- # of Resp. 6 7 5 Target Bonus 50th pct Average 25th pct (median) 75th pct $16.4 -$11.2 -----$3.8 -$3.0 -- # of Resp. Average 4 -1 -4 -- 50th pct (median) ---- # of Resp. 8 6 11 Total Cash Compensation Yrs. In Risk Mgmt 50th pct Average 25th pct (median) 75th pct $125.9 -$127.8 -$78.1 -$77.0 -$79.6 -$77.9 -- Average 5.2 8.4 2.7 Total Cash Compensation Yrs. In Risk Mgmt 50th pct Average 25th pct (median) 75th pct $116.9 -$100.4 -$94.2 -$88.1 -$71.9 $64.0 $75.0 $79.0 Average 4.8 5.8 6.8 50th pct (median) 4.5 5.0 2.0 50th pct (median) 4.5 4.5 4.0 Respondent Characteristics Gender Long-Term Incentive Eligible Male 43.8% Yes 31.2% Female 53.1% No 68.8% Did Not Indicate 3.1% Did Not Indicate Degree 0.0% Type of Long-term Incentives Received* High School/Associate Degree 15.6% Incentive Stock Options (ISOs) 40.0% Bachelors 43.8% Non-Qualified Stock Options (NQSOs) 30.0% 10.0% MA/MS 6.2% Restricted Stock MBA 9.4% Stock Appreciation Rights (SARs) JD 0.0% Performance Shares 10.0% MD 0.0% Performance Units 20.0% Ph.D 0.0% Long-Term Cash 10.0% Other 25.0% None of the Above Received * Only includes those eligible for LTI 10.0% Type of Organization Where Employed 0.0% Supervise Individuals Parent 71.9% Yes 18.8% Division 9.4% No 81.2% Subsidiary 3.1% Single Location Other 3.1% 12.5% © 2013 Risk and Insurance Management Society, Inc. (RIMS) IX - 18 Canadian Data 2013 Risk Management Compensation Survey Risk Management Analyst Supports the risk manager regarding all aspects of a financial risk management and/or corporate insurance program. Responsibilities include the development, implementation and application of risk metrics and methodologies and the monitoring, analysis and reporting of financial risk exposures. Responsibilities may also include compilation of underwriting information and coverage placement, claims administration, loss forecasting, and analysis to assist in loss reduction. Supports organizational compliance with risk policies through regular risk exposure monitoring and reporting. Responsible for documenting and reporting risk policy exceptions to risk committee. Cash Compensation (All dollar amounts are displayed in CAD $000s) Base Salary Scope # of Resp. All Respondents 31 Bonus Amount 50th pct Average 25th pct (median) 75th pct $76.3 $66.0 $73.5 $82.5 # of Resp. 13 Target Bonus 50th pct Average 25th pct (median) 75th pct $7.1 $5.0 $5.5 $7.8 # of Resp. Average 10 9.0% 50th pct (median) # of Resp. 10.0% 31 Total Cash Compensation Yrs. In Risk Mgmt 50th pct Average 25th pct (median) 75th pct Average 50th pct (median) 6.8 5.0 $79.3 $70.0 $75.0 $87.5 Ownership Type Publicly Traded Private Government Not-for-Profit Other # of Resp. 9 6 12 2 2 50th pct Average 25th pct (median) 75th pct $79.2 -$77.5 -$73.7 -$70.9 -$77.7 $71.0 $75.0 $88.0 --------- # of Resp. 8 5 0 0 0 50th pct Average 25th pct (median) 75th pct $7.4 -$7.0 -$6.6 -$5.0 -------------- # of Resp. Average 6 10.0% 4 -0 -0 -0 -- 50th pct (median) 10.0% ----- # of Resp. 9 6 12 2 2 50th pct Average 25th pct (median) 75th pct $85.7 -$84.6 -$79.2 -$74.1 -$77.7 $71.0 $75.0 $88.0 --------- Average 5.3 5.7 7.8 --- 50th pct (median) 3.0 5.5 7.5 --- Revenue Less than $100 Million $100 - $250 Million $250 - $500 Million $500 Million - $1 Billion $1 - $5 Billion $5 - $10 Billion Greater than $10 Billion # of Resp. 5 1 0 7 9 2 1 50th pct Average 25th pct (median) 75th pct $70.3 -$71.0 ---------$70.6 -$70.0 -$83.2 -$78.0 ---------- # of Resp. 2 0 0 3 5 1 1 50th pct Average 25th pct (median) 75th pct ----------------$8.1 -$7.0 ---------- # of Resp. Average 2 -0 -0 -3 -2 -1 -1 -- 50th pct (median) -------- # of Resp. 5 1 0 7 9 2 1 50th pct Average 25th pct (median) 75th pct $72.3 -$76.0 ---------$72.3 -$72.2 -$87.6 -$82.5 ---------- Average 8.3 --7.7 6.5 --- 50th pct (median) 8.0 --5.0 3.0 --- Degree High School/Associate Degree Bachelors MA/MS MBA JD Ph.D # of Resp. 4 11 0 2 0 0 50th pct Average 25th pct (median) 75th pct ----$70.3 $60.0 $73.0 $77.7 ----------------- # of Resp. 1 4 0 1 0 0 50th pct Average 25th pct (median) 75th pct ------------------------- # of Resp. Average 1 -3 -0 -0 -0 -0 -- 50th pct (median) ------- # of Resp. 4 11 0 2 0 0 50th pct Average 25th pct (median) 75th pct ----$72.5 $65.0 $73.0 $84.6 ----------------- Average -4.3 ----- 50th pct (median) -3.5 ----- Supervisory Responsibility No 1 or Fewer From 1 to 3 From 3 to 5 More than 5 # of Resp. 25 3 2 0 1 50th pct Average 25th pct (median) 75th pct $75.0 $65.6 $73.0 $77.7 ----------------- # of Resp. 10 2 1 0 0 50th pct Average 25th pct (median) 75th pct $7.2 $4.5 $6.0 $7.8 ----------------- # of Resp. Average 8 9.0% 1 -1 -0 -0 -- 50th pct (median) 8.0% ----- # of Resp. 25 3 2 0 1 50th pct Average 25th pct (median) 75th pct $77.8 $68.2 $74.0 $84.6 ----------------- Average 6.9 ----- 50th pct (median) 5.0 ----- © 2013 Risk and Insurance Management Society, Inc. (RIMS) IX - 19 Canadian Data 2013 Risk Management Compensation Survey Risk Management Analyst Supports the risk manager regarding all aspects of a financial risk management and/or corporate insurance program. Responsibilities include the development, implementation and application of risk metrics and methodologies and the Cash Compensation dollarofamounts areexposures. displayedResponsibilities in CAD $000s)may also include compilation of underwriting information and coverage placement, claims administration, loss forecasting, and analysis to assist in loss reduction. monitoring, analysis and(All reporting financial risk Base Salary Bonus Amount Target Bonus Total Cash Compensation Scope Supports organizational compliance with risk policies through regular risk exposure monitoring and reporting. Responsible for documenting and reporting risk policy exceptions to risk committee. # of Resp. 6 7 6 Industry Education Energy Government 50th pct Average 25th pct (median) 75th pct $69.2 -$73.5 -$79.8 -$71.0 -$83.4 -$83.5 -- # of Resp. 0 5 0 50th pct Average 25th pct (median) 75th pct ----$8.0 -$7.0 ------ Base Salary Scope # of Resp. 10 9 Province AB ON Bonus Amount 50th pct Average 25th pct (median) 75th pct $81.2 $71.0 $76.3 $78.0 $75.8 -$73.5 -- # of Resp. 6 4 # of Resp. Average 0 -3 -0 -- 50th pct (median) ---- # of Resp. 6 7 6 Target Bonus 50th pct Average 25th pct (median) 75th pct $8.0 -$7.4 ------ # of Resp. Average 4 -4 -- 50th pct (median) --- # of Resp. 10 9 Yrs. In Risk Mgmt 50th pct Average 25th pct (median) 75th pct $69.2 -$73.5 -$85.5 -$76.0 -$83.4 -$83.5 -- Average 8.5 6.4 8.0 50th pct (median) 8.0 3.0 6.0 Total Cash Compensation Yrs. In Risk Mgmt 50th pct Average 25th pct (median) 75th pct $86.0 $75.0 $80.9 $90.6 $77.6 -$78.0 -- Average 7.9 9.4 50th pct (median) 5.5 8.0 Respondent Characteristics Gender Long-Term Incentive Eligible Male 48.4% Yes 16.1% Female 45.2% No 83.9% Did Not Indicate 6.5% Did Not Indicate Degree 0.0% Type of Long-term Incentives Received* High School/Associate Degree 12.9% Incentive Stock Options (ISOs) 80.0% Bachelors 35.5% Non-Qualified Stock Options (NQSOs) 20.0% MA/MS 0.0% Restricted Stock 40.0% MBA 6.5% Stock Appreciation Rights (SARs) 20.0% JD 0.0% Performance Shares 20.0% MD 0.0% Performance Units 0.0% Ph.D 0.0% Long-Term Cash 0.0% Other 45.2% None of the Above Received * Only includes those eligible for LTI 0.0% Parent 64.5% Yes 19.4% Division 6.5% No 80.6% Subsidiary 0.0% Type of Organization Where Employed Supervise Individuals Single Location 12.9% Other 16.1% © 2013 Risk and Insurance Management Society, Inc. (RIMS) IX - 20 Canadian Data 2013 Risk Management Compensation Survey Claims Analyst Reviews first and third party claims for irregularities, accuracy and completeness. Requests additional information, where necessary, for completion of claim processing. Reviews claims for eligibility. Maintains updated records and prepares required reports. Assists in claims cost control. Performs the design, analysis and delivery of claim information. Contacts individuals about claims and coordinates the handling of benefits. This role focuses on operational effectiveness in support of claims management strategies. Understands and performs domestic and/or international claim programs, policies, and procedures for: reporting, investigation, and analysis; litigation management; resolution/outcome management; and the delivery of claim information. Handles mostly routine non-complex claims but, may handle litigated and moderately complex claims with limited settlement authority. Cash Compensation (All dollar amounts are displayed in CAD $000s) Base Salary Scope # of Resp. All Respondents 7 Bonus Amount 50th pct Average 25th pct (median) 75th pct $60.4 -- $59.5 -- # of Resp. 0 Target Bonus 50th pct Average 25th pct (median) 75th pct -- -- -- -- # of Resp. Average 0 -- 50th pct (median) # of Resp. -- 7 Total Cash Compensation Yrs. In Risk Mgmt 50th pct Average 25th pct (median) 75th pct Average 50th pct (median) 7.9 10.0 $60.4 -- $59.5 -- Ownership Type Publicly Traded Private Government Not-for-Profit Other # of Resp. 0 0 7 0 0 50th pct Average 25th pct (median) 75th pct --------$60.4 -$59.5 ---------- # of Resp. 0 0 0 0 0 50th pct Average 25th pct (median) 75th pct --------------------- # of Resp. Average 0 -0 -0 -0 -0 -- 50th pct (median) ------ # of Resp. 0 0 7 0 0 50th pct Average 25th pct (median) 75th pct --------$60.4 -$59.5 ---------- Average --7.9 --- 50th pct (median) --10.0 --- Revenue Less than $100 Million $100 - $250 Million $250 - $500 Million $500 Million - $1 Billion $1 - $5 Billion $5 - $10 Billion Greater than $10 Billion # of Resp. 0 0 0 0 1 0 0 50th pct Average 25th pct (median) 75th pct ----------------------------- # of Resp. 0 0 0 0 0 0 0 50th pct Average 25th pct (median) 75th pct ----------------------------- # of Resp. Average 0 -0 -0 -0 -0 -0 -0 -- 50th pct (median) -------- # of Resp. 0 0 0 0 1 0 0 50th pct Average 25th pct (median) 75th pct ----------------------------- Average -------- 50th pct (median) -------- Degree High School/Associate Degree Bachelors MA/MS MBA JD Ph.D # of Resp. 0 2 0 0 0 0 50th pct Average 25th pct (median) 75th pct ------------------------- # of Resp. 0 0 0 0 0 0 50th pct Average 25th pct (median) 75th pct ------------------------- # of Resp. Average 0 -0 -0 -0 -0 -0 -- 50th pct (median) ------- # of Resp. 0 2 0 0 0 0 50th pct Average 25th pct (median) 75th pct ------------------------- Average ------- 50th pct (median) ------- Supervisory Responsibility No 1 or Fewer From 1 to 3 From 3 to 5 More than 5 # of Resp. 6 1 0 0 0 50th pct Average 25th pct (median) 75th pct $60.6 -$61.5 ------------------ # of Resp. 0 0 0 0 0 50th pct Average 25th pct (median) 75th pct --------------------- # of Resp. Average 0 -0 -0 -0 -0 -- 50th pct (median) ------ # of Resp. 6 1 0 0 0 50th pct Average 25th pct (median) 75th pct $60.6 -$61.5 ------------------ Average 7.7 ----- 50th pct (median) 10.0 ----- © 2013 Risk and Insurance Management Society, Inc. (RIMS) IX - 21 Canadian Data 2013 Risk Management Compensation Survey Claims Analyst Reviews first and third party claims for irregularities, accuracy and completeness. Requests additional information, where necessary, for completion of claim processing. Reviews claims for eligibility. Maintains updated records and prepares Cash Compensation dollarcost amounts displayed in CAD $000s) required reports. Assists(All in claims control. are Performs the design, analysis and delivery of claim information. Contacts individuals about claims and coordinates the handling of benefits. This role focuses on operational effectiveness in support of claims management strategies. Understands and performs domestic and/or international claim programs, policies, and procedures for: reporting, investigation, and analysis; litigation management; resolution/outcome Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt Scope management; and the delivery of claim information. Handles mostly routine non-complex claims but, may handle litigated and moderately complex claims with limited settlement authority. # of Resp. Industry 50th pct Average 25th pct (median) 75th pct # of Resp. 50th pct Average 25th pct (median) 75th pct # of Resp. Average 50th pct (median) # of Resp. 50th pct Average 25th pct (median) 75th pct Average 50th pct (median) Total Cash Compensation Yrs. In Risk Mgmt 50th pct Average 25th pct (median) 75th pct Average No Breakdowns Available - Insufficient Sample Size Base Salary Scope # of Resp. Province Bonus Amount 50th pct Average 25th pct (median) 75th pct # of Resp. Target Bonus 50th pct Average 25th pct (median) 75th pct # of Resp. Average 50th pct (median) # of Resp. 50th pct (median) No Breakdowns Available - Insufficient Sample Size Respondent Characteristics Gender Long-Term Incentive Eligible Male 14.3% Yes 0.0% Female 85.7% No 100.0% Did Not Indicate 0.0% Did Not Indicate 0.0% Incentive Stock Options (ISOs) -- Non-Qualified Stock Options (NQSOs) -- Degree High School/Associate Degree Bachelors 0.0% Type of Long-term Incentives Received* 28.6% MA/MS 0.0% Restricted Stock -- MBA 0.0% Stock Appreciation Rights (SARs) -- JD 0.0% Performance Shares -- MD 0.0% Performance Units -- Ph.D 0.0% Long-Term Cash -- Other 71.4% None of the Above Received * Only includes those eligible for LTI -- Parent 14.3% Yes 14.3% Division 28.6% No 85.7% Type of Organization Where Employed Subsidiary Single Location Other Supervise Individuals 0.0% 0.0% 57.1% © 2013 Risk and Insurance Management Society, Inc. (RIMS) IX - 22 Canadian Data