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
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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)
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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)
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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)
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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)
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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)
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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)
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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)
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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)
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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
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Combined Job Title for Survey
Director - Business Continuity/Financial/IT Risk Management
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Director - Business Continuity Management
Director - Financial Risk Management (Commodity, Credit, Interest Rates,
and/or Foreign Currency)
Director - IT Risk Management
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Director - Enterprise Risk Management (ERM)
Director - Strategic Risk Management / Risk Intelligence
Director - Enterprise Risk Management (ERM)/Strategic Risk
Management / Risk Intelligence
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Employee Benefits Manager
Workers' Compensation Claims Manager
Employee Benefits/Workers’ Compensation Claims Manager
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Risk Management Analyst (Financial Risk - Commodity, Credit, Interest
Rates, and/or Foreign Currency)
Risk Management Analyst (Insurance)
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© 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:
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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)
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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
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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
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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)
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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
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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
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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)
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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
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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
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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)
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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.
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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
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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)
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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
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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
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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)
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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
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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
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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)
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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
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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
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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)
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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
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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
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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)
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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
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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
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MediaNews Group
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Medical College of Wisconsin
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MEDNAX
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Meijer
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Melton Truck Lines
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Memorial Health System
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Memorial Hermann Health System
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Memphis Light, Gas & Water Division
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Merchants Insurance Group
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Merck & Co., Inc.
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Mercy
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Merrick & Company
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Messinger Mortuary & Chapel, Inc.
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Metaldyne, LLC
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Metro
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Metro National Corporation
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MetroPCS
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Metropolitan Stevedore Company
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Metropolitan Transit Authority of Harris
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County
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 Metropolitan Washington Airports
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Authority
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 Metropolitan Water Reclamation
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District of Greater Chicago
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 Miami Dade College
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 Michelin North America
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 Michels Corporation
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 Michigan Catholic Conference
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 Micron Technology, Inc.
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 Microsoft Corporation
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 Milagro Exporation
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 Millennium: The Takeda Oncology
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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
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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
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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)
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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
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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
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Pioneer Natural Resources
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Pitney Bowes Inc.
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PLICO
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Plum Creek Timber Company, Inc.
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PNC Financial Services Group, Inc.
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PNM Resources, Inc.
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Port of Portland

Port of Seattle
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Portillo's Hot Dogs, Inc.
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Power Construction Co, LLC
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PPG
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PPL Corporation
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Praxair Inc.
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Precision Castparts Corp.
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Premera Blue Cross
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PrideStaff Inc.
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Princeton University
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Principal Real Estate Investors

ProBuild Holdings
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Progressive Waste Solutions
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Prologis, Inc.
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Providence Alaska Medical Center
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Providence Service Corporation
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Prudential
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PSC LLC
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PSS World Medical
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Public Utilities Risk Management

Association
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 Public Utility District No. 1 of Snohomish

County
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 Puget Sound Energy Holdings

 Pule Group, Inc.

 Pulic Utility District #2 of Grant County,

WA
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 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
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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
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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)
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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
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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
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State of Florida - Dept. of Management

Services
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 State of Louisiana Office of Risk

Management
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 State of Nevada
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 State of Oregon
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 State of Utah Risk Management
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 State of Washington Department of

Enterprise Services
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 State of Wisconsin-Dept of

Administration
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 State Office of Risk Management, Texas

 Station Casinos
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 Statutory Liquidations

 Steelcase Inc.
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 STERIS Corporation
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 Sterling Bank
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 Sterling Jewelers Inc.
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 Stewart & Stevenson LLC
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 Stewart Enterprises Inc.
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 Stonebridge Companies
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 STP Nuclear Operating Company

 Structural Integrity Associates, Inc.

 Stryker
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 Subaru of America, Inc.
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 Suburban Propane, L.P.
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 Suffolk Transportation Services, Inc.
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 Sunoco Inc.
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 Sunstate Equipment Co.
 Sunsweet Growers Inc.
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 SunTrust Banks Inc.
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 Supermedia
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 SUPERVALU
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 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
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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
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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)
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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
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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
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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)
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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
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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
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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:
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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)
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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
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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
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Gildan
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GNL
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Gold mining
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Government of Alberta
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Government of British Columbia
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Government of Manitoba
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Government of Newfoundland and
Labrador
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 Government of Nova Scotia
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 Government of Nunavut
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 Government of Saskatchewan
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 Gowling Lafleur Henderson LLP
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 Grosvenor Americas
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 Habitat for Humanity Canada
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 Halifax Regional Municipality
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 HIAA
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 Hudbay
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 Hydro One Networks
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 Hydro-Quebec
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 IATA
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 Interuniversity Services Inc.
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 IPF
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 Ivanho Cambridge
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 J.D. Irving, Limited
 JONES DESLAURIERS INSURANCE
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MANAGEMENT INC
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 Jubilee Insurance Agencies Inc.
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 Kal Tire
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 Kinross Gold Corporation
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 Kruger Inc.
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 LCBO
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 Ledcor Group of Companies
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 Ledcor Industries Inc.
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 London Health Sciences Centre
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 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
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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
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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)
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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
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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
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© 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
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© 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
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© 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
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© 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
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© 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

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