Conducted By:
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www.enetrix.com
Data Effective March 1, 2013
2013 Risk Management Compensation Survey
2013 Risk Management Compensation Survey
Data effective: March 1, 2013 i
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 ………………………………………………………………………………………………………………. lV – 1
Chief Risk Officer |Vice President-Risk Management |Vice President-Strategic and Enterprise Risk ...... ………… lV – 3
Director - Business Continuity/Financial/IT Risk Management ……………………………………………………………. lV – 7
Director - Enterprise Risk Management (ERM)/Strategic Risk Management / Risk Intelligence ……………………. lV – 11
Director – Insurance and Risk Management ………………………………………………………………………………. lV – 15
Manager – Insurance Management ……………………………………………………………………………..………… lV – 19
Employee Benefits/Workers Compensation Claims Manager………………………………………………..…………. lV – 23
Claims Manager ………………………………………………………………………………………………………………... lV – 27
Environmental, Health or Safety Manager…………………………………………………………………………………. lV – 31
Risk Management Analyst (Enterprise-Wide) ………………………………………………………………………………. lV – 35
Risk Management Analyst …………………………………………………………………………………………..………… lV – 39
Claims Analyst …………………………………………………………………………………………………………………... lV – 43
Detail Survey Results – U.S. Analysis
Chief Risk Officer |Vice President-Risk Management |Vice President-Strategic and Enterprise Risk ...... ………… V – 1
Director - Business Continuity/Financial/IT Risk Management ……………………………………………………………. V – 5
Director - Enterprise Risk Management (ERM)/Strategic Risk Management / Risk Intelligence ……………………. V – 9
Director – Insurance and Risk Management ………………………………………………………………………………. V – 13
Manager – Insurance Management ……………………………………………………………………………..………… V – 19
Employee Benefits/Workers Compensation Claims Manager………………………………………………..…………. V – 25
Claims Manager ………………………………………………………………………………………………………………... V – 29
Environmental, Health or Safety Manager…………………………………………………………………………………. V – 33
2013 Risk Management Compensation Survey
Data effective: March 1, 2013 ii
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 ………………………………………………………………………………………………………………. VIII – 1
Chief Risk Officer |Vice President-Risk Management |Vice President-Strategic and Enterprise Risk ...... …………. VIII – 3
Director - Business Continuity/Financial/IT Risk Management ……………………………………………………………. VIII – 7
Director - Enterprise Risk Management (ERM)/Strategic Risk Management / Risk Intelligence ……………………. VIII – 11
Director – Insurance and Risk Management ………………………………………………………………………………. VIII – 15
Manager – Insurance Management ……………………………………………………………………………..………… VIII – 19
Employee Benefits/Workers Compensation Claims Manager………………………………………………..…………. VIII – 23
Claims Manager ………………………………………………………………………………………………………………... VIII – 25
Environmental, Health or Safety Manager…………………………………………………………………………………. VIII – 29
Risk Management Analyst (Enterprise-Wide) ………………………………………………………………………………. VIII – 31
Risk Management Analyst …………………………………………………………………………………………..………… VIII – 35
Claims Analyst …………………………………………………………………………………………………………………... VIII – 39
Detail Survey Results – Canadian Analysis
Chief Risk Officer |Vice President-Risk Management |Vice President-Strategic and Enterprise Risk ...... ………. IX – 1
Director - Business Continuity/Financial/IT Risk Management ……………………………………………………………. IX – 3
Director - Enterprise Risk Management (ERM)/Strategic Risk Management / Risk Intelligence ……………………. IX – 5
Director – Insurance and Risk Management ………………………………………………………………………………. IX – 7
Manager – Insurance Management ……………………………………………………………………………..………… IX – 9
Employee Benefits/Workers Compensation Claims Manager………………………………………………..…………. IX – 11
Claims Manager ………………………………………………………………………………………………………………... IX – 13
Environmental, Health or Safety Manager…………………………………………………………………………………. IX – 15
2013 Risk Management Compensation Survey
Data effective: March 1, 2013 iii
Table of Contents (continued)
Risk Management Analyst (Enterprise-Wide) ………………………………………………………………………………. IX – 17
Risk Management Analyst …………………………………………………………………………………………..………… IX – 19
Claims Analyst …………………………………………………………………………………………………………………... IX – 21
2013 Risk Management Compensation Survey
Data effective: April 1, 2013 iv
2013 Risk Management Compensation Survey
Executive Summary
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.
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.
© 2013 Risk and Insurance Management Society, Inc. (RIMS) I - 1 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. All Respondents
All Positions - United States
Job Title # of Resp.
Average Base
Salary ($000)
Average Total
Comp ($000)
Chief Risk Officer | Vice President -
Risk Management | Vice President -
Strategic and Enterprise Risk
211 $184.2 $227.6
Director - Business
Continuity/Financial/IT Risk
Management
22 $141.7 $166.4
Director - Enterprise Risk
Management (ERM)/Strategic Risk
Management / Risk Intelligence
123 $135.3 $152.0
Director - Insurance and Risk
Management770 $133.4 $154.6
Manager - Insurance Management 359 $102.1 $111.4
Employee Benefits/Workers
Compensation Claims Manager45 $84.4 $88.0
Claims Manager 112 $86.9 $94.1
Environmental, Health or Safety
Manager33 $91.6 $100.5
Risk Management Analyst (Enterprise-
Wide)79 $76.5 $80.2
Risk Management Analyst 202 $69.6 $72.7
Claims Analyst 15 $64.2 $66.3
Cash Compensation (All dollar amounts are displayed in USD $000s)
Executive Summary
As expected, those in higher level positions (both in the US and in Canada) have a greater percentage of their total cash compensation at-risk than those in
more entry level risk management positions.
$184.2
$141.7
$135.3
$133.4
$102.1
$84.4
$86.9
$91.6
$76.5
$69.6
$64.2
$227.6
$166.4
$152.0
$154.6
$111.4
$88.0
$94.1
$100.5
$80.2
$72.7
$66.3
$0.0 $50.0 $100.0 $150.0 $200.0 $250.0
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 RiskManagement / 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
Average Base Salary ($000) Average Total Comp ($000)
© 2013 Risk and Insurance Management Society, Inc. (RIMS) I - 2 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.
All Positions - Canada
All Respondents
Job Title # of Resp.
Average Base
Salary ($000)
Average Total
Comp ($000)
Chief Risk Officer | Vice President -
Risk Management | Vice President -
Strategic and Enterprise Risk
18 $173.6 $205.9
Director - Business
Continuity/Financial/IT Risk
Management
7 $132.0 $154.8
Director - Enterprise Risk
Management (ERM)/Strategic Risk
Management / Risk Intelligence
36 $122.8 $128.4
Director - Insurance and Risk
Management80 $119.1 $133.1
Manager - Insurance Management 46 $100.3 $106.4
Employee Benefits/Workers
Compensation Claims Manager0 -- --
Claims Manager 12 $84.3 $87.5
Environmental, Health or Safety
Manager1 -- --
Risk Management Analyst (Enterprise-
Wide)32 $84.6 $89.9
Risk Management Analyst 31 $76.3 $79.3
Claims Analyst 7 $60.4 $60.4
Cash Compensation (All dollar amounts are displayed in CAD $000s)
Executive Summary
$173.6
$132.0
$122.8
$119.1
$100.3
$84.3
$84.6
$76.3
$60.4
$205.9
$154.8
$128.4
$133.1
$106.4
$87.5
$89.9
$79.3
$60.4
$0.0 $50.0 $100.0 $150.0 $200.0 $250.0
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 RiskManagement / 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
Average Base Salary ($000) Average Total Comp ($000)
© 2013 Risk and Insurance Management Society, Inc. (RIMS) I - 3 Introduction and Executive Summary
2013 Risk Management Compensation Survey
The Risk and Insurance Management Society, Inc. (RIMS) is pleased to present the results of our 2013 Risk Management Compensation Survey. With more
than 11,500 individual members representing more than 3,500 organizations in 58 countries, RIMS is a not-for-profit professional society dedicated to
advancing the practice of risk management, a professional discipline that protects physical, digital, financial, and human resources. The survey was conducted
by enetrix, A Division of Gallup, Inc. This Page Intentionally Blank
© 2013 Risk and Insurance Management Society, Inc. (RIMS) I - 4 Introduction and Executive Summary
2013 Risk Management Compensation Survey
© 2013 Risk and Insurance Management Society, Inc. (RIMS) I - 5 Introduction and Executive Summary
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 Management Compensation Survey
© 2013 Risk and Insurance Management Society, Inc. (RIMS) I - 6 Introduction and Executive Summary
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 Management Compensation Survey
© 2013 Risk and Insurance Management Society, Inc. (RIMS) I - 7 Introduction and Executive Summary
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 Management Compensation Survey
© 2013 Risk and Insurance Management Society, Inc. (RIMS) I - 8 Introduction and Executive Summary
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 (50th 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 Management Compensation Survey
© 2013 Risk and Insurance Management Society, Inc. (RIMS) I - 9 Introduction and Executive Summary
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 Job Description 1. Chief Risk Officer/Vice President - Risk
Management
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 Management Compensation Survey
© 2013 Risk and Insurance Management Society, Inc. (RIMS) I - 10 Introduction and Executive Summary
Job Title Job Description 2. Director - Enterprise Risk Management
(ERM)
(Combined into the job Director - Enterprise Risk Management (ERM)/Strategic Risk Management / Risk Intelligence)
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 cross-functional 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 Management Compensation Survey
© 2013 Risk and Insurance Management Society, Inc. (RIMS) I - 11 Introduction and Executive Summary
Job Title Job Description 4. Director Financial Risk Management
(Commodity, Credit, Interest Rates, and/or Foreign Currency) (Combined into the job Director - Business Continuity/Financial/IT Risk Management)
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 Management Compensation Survey
© 2013 Risk and Insurance Management Society, Inc. (RIMS) I - 12 Introduction and Executive Summary
Job Title Job Description 7. Director - Business Continuity
Management (Combined into the job Director - Business Continuity/Financial/IT Risk Management)
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 Management Compensation Survey
© 2013 Risk and Insurance Management Society, Inc. (RIMS) I - 13 Introduction and Executive Summary
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)
(Combined into the job Risk Management Analyst)
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.
15. Risk Management Analyst (Insurance)
(Combined into the job Risk Management Analyst)
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.
2013 Risk Management Compensation Survey
© 2013 Risk and Insurance Management Society, Inc. (RIMS) I - 14 Introduction and Executive Summary
Job Title Job Description 16. Claims Analyst 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 non-complex claims but, may handle litigated and moderately complex claims with limited settlement authority.
Because of low sample sizes for several jobs, data was combined for the following job titles:
Job Title Combined Job Title for Survey Director - Business Continuity Management
Director - Financial Risk Management (Commodity, Credit, Interest Rates, and/or Foreign Currency)
Director - IT Risk Management
Director - Business Continuity/Financial/IT Risk Management
Director - Enterprise Risk Management (ERM)
Director - Strategic Risk Management / Risk Intelligence
Director - Enterprise Risk Management (ERM)/Strategic Risk Management / Risk Intelligence
Employee Benefits Manager
Workers' Compensation Claims Manager
Employee Benefits/Workers’ Compensation Claims Manager
Risk Management Analyst (Financial Risk - Commodity, Credit, Interest Rates, and/or Foreign Currency)
Risk Management Analyst (Insurance)
Risk Management Analyst
2013 Risk Management Compensation Survey
© 2013 Risk and Insurance Management Society, Inc. (RIMS) I - 15 Introduction and Executive Summary
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 Management Compensation Survey
© 2013 Risk and Insurance Management Society, Inc. (RIMS) I - 16 Introduction and Executive Summary
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 Management Compensation Survey
© 2013 Risk and Insurance Management Society, Inc. (RIMS) II - 1 U.S. Participant List
Participant List – U.S. Respondents Respondents from over 1,561 U.S. organizations participated in the 2013 Risk Management Compensation Survey. These U.S. organizations include:
A Plus Benefits
A&P
A. Duie Pyle, Inc.
AAA, Inc.
AAFES
AAR CORP.
AARP
ABB Inc.
ABM
Academy Sports + Outdoors
Acadia Healthcare Company
Acadia Realty Trust
ACCO Brands
ACCO Engineered Systems
ACE Cash Express, Inc.
Ace Hardware Corporation
ACG
Acme Brick Company
Acuity Brands, Inc.
Ada County
Adecco
ADM
Admiral Beverage Company
Adobe
ADP
ADS Waste Holdings, Inc.
Advance Auto Parts
Adventist Health
AEG Facilities
Aerotek
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
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
2013 Risk Management Compensation Survey
© 2013 Risk and Insurance Management Society, Inc. (RIMS) II - 2 U.S. Participant List
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.
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
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.
2013 Risk Management Compensation Survey
© 2013 Risk and Insurance Management Society, Inc. (RIMS) II - 3 U.S. Participant List
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.
Brown-Forman Corporation
BSC
Buffalo Wild Wings
Buffets, Inc.
Building Materials Corporation of America
Bunge Ltd.
Burlington Coat Factory
Burlington Electric Department
Butterball, LLC
C A P
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
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.
2013 Risk Management Compensation Survey
© 2013 Risk and Insurance Management Society, Inc. (RIMS) II - 4 U.S. Participant List
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
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.
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.
2013 Risk Management Compensation Survey
© 2013 Risk and Insurance Management Society, Inc. (RIMS) II - 5 U.S. Participant List
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
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
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
2013 Risk Management Compensation Survey
© 2013 Risk and Insurance Management Society, Inc. (RIMS) II - 6 U.S. Participant List
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
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
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
2013 Risk Management Compensation Survey
© 2013 Risk and Insurance Management Society, Inc. (RIMS) II - 7 U.S. Participant List
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
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.
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
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
2013 Risk Management Compensation Survey
© 2013 Risk and Insurance Management Society, Inc. (RIMS) II - 8 U.S. Participant List
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.
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.
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.
2013 Risk Management Compensation Survey
© 2013 Risk and Insurance Management Society, Inc. (RIMS) II - 9 U.S. Participant List
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
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
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
2013 Risk Management Compensation Survey
© 2013 Risk and Insurance Management Society, Inc. (RIMS) II - 10 U.S. Participant List
MediaNews Group
Medical College of Wisconsin
MEDNAX
Meijer
Melton Truck Lines
Memorial Health System
Memorial Hermann Health System
Memphis Light, Gas & Water Division
Merchants Insurance Group
Merck & Co., Inc.
Mercy
Merrick & Company
Messinger Mortuary & Chapel, Inc.
Metaldyne, LLC
Metro
Metro National Corporation
MetroPCS
Metropolitan Stevedore Company
Metropolitan Transit Authority of Harris County
Metropolitan Washington Airports Authority
Metropolitan Water Reclamation District of Greater Chicago
MFS
Miami Dade College
Miami-Dade County Public Schools
Michelin North America
Michels Corporation
Michigan Catholic Conference
Micron Technology, Inc.
Microsoft Corporation
Milagro Exporation
Millennium: The Takeda Oncology Company
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
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.
2013 Risk Management Compensation Survey
© 2013 Risk and Insurance Management Society, Inc. (RIMS) II - 11 U.S. Participant List
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.
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.,
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
2013 Risk Management Compensation Survey
© 2013 Risk and Insurance Management Society, Inc. (RIMS) II - 12 U.S. Participant List
Pioneer Natural Resources
Pitney Bowes Inc.
PLICO
Plum Creek Timber Company, Inc.
PNC Financial Services Group, Inc.
PNM Resources, Inc.
Port of Portland
Port of Seattle
Portillo's Hot Dogs, Inc.
Power Construction Co, LLC
PPG
PPL Corporation
Praxair Inc.
Precision Castparts Corp.
Premera Blue Cross
PrideStaff Inc.
Princeton University
Principal Real Estate Investors
ProBuild Holdings
Progressive Waste Solutions
Prologis, Inc.
Providence Alaska Medical Center
Providence Service Corporation
Prudential
PSC LLC
PSS World Medical
Public Utilities Risk Management Association
Public Utility District No. 1 of Snohomish County
Puget Sound Energy Holdings
Pule Group, Inc.
Pulic Utility District #2 of Grant County, WA
Purdue University
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
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
2013 Risk Management Compensation Survey
© 2013 Risk and Insurance Management Society, Inc. (RIMS) II - 13 U.S. Participant List
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
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
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
2013 Risk Management Compensation Survey
© 2013 Risk and Insurance Management Society, Inc. (RIMS) II - 14 U.S. Participant List
State of Florida - Dept. of Management Services
State of Louisiana Office of Risk Management
State of Nevada
State of Oregon
State of Utah Risk Management
State of Washington Department of Enterprise Services
State of Wisconsin-Dept of Administration
State Office of Risk Management, Texas
Station Casinos
Statutory Liquidations
Steelcase Inc.
STERIS Corporation
Sterling Bank
Sterling Jewelers Inc.
Stewart & Stevenson LLC
Stewart Enterprises Inc.
Stonebridge Companies
STP Nuclear Operating Company
Structural Integrity Associates, Inc.
Stryker
Subaru of America, Inc.
Suburban Propane, L.P.
Suffolk Transportation Services, Inc.
Sunoco Inc.
Sunstate Equipment Co.
Sunsweet Growers Inc.
SunTrust Banks Inc.
Supermedia
SUPERVALU
Sutter Health
Swift Energy Operating, LLC
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
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
2013 Risk Management Compensation Survey
© 2013 Risk and Insurance Management Society, Inc. (RIMS) II - 15 U.S. Participant List
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.
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.
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
2013 Risk Management Compensation Survey
© 2013 Risk and Insurance Management Society, Inc. (RIMS) II - 16 U.S. Participant List
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
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
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
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
U.S. Participant Demographics
Ownership Type
# of
Resp.
Percent of
Respondents
Publicly Traded 907 46.0%
Private 578 29.3%
Government 237 12.0%
Not-for-Profit 202 10.2%
Other/Not Specified 47 2.4%
Revenue
# of
Resp.
Percent of
Respondents
Less than $100 Million 143 7.3%
$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%
$5 - $10 Billion 219 11.1%
Greater than $10 Billion 340 17.3%
Other/Not Specified 189 9.6%
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.
Ownership Type
Revenue
46.0%
29.3%
12.0% 10.2%
2.4%
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
30.0%
35.0%
40.0%
45.0%
50.0%
Publicly Traded Private Government Not-for-Profit Other/Not Specified
Percent of Respondents
7.3% 6.0%
8.0%
11.8%
29.0%
11.1%
17.3%
9.6%
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
30.0%
35.0%
Less than $100Million
$100 - $250Million
$250 - $500Million
$500 Million - $1Billion
$1 - $5 Billion $5 - $10 Billion Greater than $10Billion
Other/NotSpecified
Percent of Respondents
© 2013 Risk and Insurance Management Society, Inc. (RIMS) III - 2 U.S. Participant Demographics
2013 Risk Management Compensation Survey
U.S. Participant Demographics
Organization Type
# of
Resp.
Percent of
Respondents
Parent 1537 78.0%
Subsidiary 108 5.5%
Division 117 5.9%
Single Location 101 5.1%
Other 108 5.5%
Regions (defined in Section I - 11)
# of
Resp.
Percent of
Respondents
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%
Region
Organization Type
78.0%
5.5% 5.9% 5.1% 5.5%
0.0%
10.0%
20.0%
30.0%
40.0%
50.0%
60.0%
70.0%
80.0%
90.0%
Parent Subsidiary Division Single Location Other
Percent of Respondents
14.5%
12.4%
14.2%
22.1%
18.3% 18.5%
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
North East Mid Atlantic South East Mississippi Valley Mountain Western
Percent of Respondents
© 2013 Risk and Insurance Management Society, Inc. (RIMS) III - 3 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/Accounting25 1.3%
Chemical/Pharmaceutical/Biotechnology 77 3.9%
Computer Software/Services 25 1.3%
Construction/Engineering/Architectural 70 3.6%
Education 84 4.3%
Energy 100 5.1%
Entertainment & Media 35 1.8%
Finance/Banking 91 4.6%
Government 143 7.3%
Healthcare 117 5.9%
Hospitality 62 3.1%
Insurance 94 4.8%
Mfg - Durable (includes Aerospace,
Computer/Office Equipment, Electronics)173 8.8%
Mfg - Nondurable (includes Food, Paper & Allied
Products)108 5.5%
Mining/Milling/Smelting 23 1.2%
Not-for-Profit 28 1.4%
Real Estate 89 4.5%
Research & Development 5 0.3%
Retail 127 6.4%
Service 48 2.4%
Telecommunications 35 1.8%
Transportation 102 5.2%
Utilities 117 5.9%
Wholesale Distribution 44 2.2%
Other 129 6.5%
Industry
1.0%
1.3%
3.9%
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%
5.9%
2.2%
6.5%
0.0% 1.0% 2.0% 3.0% 4.0% 5.0% 6.0% 7.0% 8.0% 9.0% 10.0%
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…
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
Percent of Respondents
© 2013 Risk and Insurance Management Society, Inc. (RIMS) III - 4 U.S. Participant Demographics
2013 Risk Management Compensation Survey
U.S. Participant Demographics
# of
Resp.
Percent of
Respondents
Do not have a Top Risk Management Executive 25 1.3%
Treasury 408 20.7%
Legal/Compliance Officer/Solicitor-
General/Attorney General293 14.9%
CEO/VP/Board of Directors/President 242 12.3%
Other 101 5.1%
Human Resources/Personnel/Employee Benefits 85 4.3%
COO 46 2.3%
Administration/Management Board/Government
Services50 2.5%
Mayor/Governor/Premier 4 0.2%
Did Not Indicate 7 0.4%
n
Who the Top Risk Management Executive reports to:
Size of Department
The average reported number of employees in the risk management department is 8.14 while the median is 4.00.
1.3%
20.7%
14.9%
12.3%
5.1%
4.3%
2.3%
2.5%
0.2%
0.4%
0.0% 5.0% 10.0% 15.0% 20.0% 25.0%
Do not have a Top Risk Management Executive
Treasury
Legal/Compliance Officer/Solicitor-General/AttorneyGeneral
CEO/VP/Board of Directors/President
Other
Human Resources/Personnel/Employee Benefits
COO
Administration/Management Board/GovernmentServices
Mayor/Governor/Premier
Did Not Indicate
Percent of Respondents
© 2013 Risk and Insurance Management Society, Inc. (RIMS) III - 5 U.S. Participant Demographics
2013 Risk Management Compensation Survey
U.S. Participant Demographics
Age
# of
Resp.
Percent of
Respondents
Less than 30 43 2.2%
30 - 39 229 11.6%
40 - 49 503 25.5%
50 - 59 589 29.9%
60 or Higher 229 11.6%
No Response 378 19.2%
n
Years in Current Position
# of
Resp.
Percent of
Respondents
Less than 1 year 33 1.7%
1 to 2 years 366 18.6%
3 to 4 years 286 14.5%
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%
n
The average respondent age reported is 49.07 while the median is 50.00.
The average years respondents reported being at their current position is 7.86 while the median is 6.00.
Respondent Age
Years in Current Position
2.2%
11.6%
25.5%
29.9%
11.6%
19.2%
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
30.0%
35.0%
Less than 30 30 - 39 40 - 49 50 - 59 60 or Higher No Response
Percent of Respondents
1.7%
18.6%
14.5%
16.3%
11.3%
9.4%
13.0%
11.7%
3.5%
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
12.0%
14.0%
16.0%
18.0%
20.0%
Less than 1year
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 15years
No Response
Percent of Respondents
© 2013 Risk and Insurance Management Society, Inc. (RIMS) III - 6 U.S. Participant Demographics
2013 Risk Management Compensation Survey
U.S. Participant Demographics
Gender
# of
Resp.
Percent of
Respondents
Male 1,070 54.3%
Female 860 43.6%
No Response 41 2.1%
Gender
54.3%
43.6%
2.1% 0.0%
10.0%
20.0%
30.0%
40.0%
50.0%
60.0%
Male Female No Response
Percent of Respondents
© 2013 Risk and Insurance Management Society, Inc. (RIMS) III - 7 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)
Job Title
# of
Resp. Average 25th pct50th pct
(median) 75th pct
# of
Resp. Average 25th pct50th pct
(median) 75th pct # of Resp. Average50th pct
(median)
# of
Resp. Average 25th pct50th pct
(median) 75th pct Average50th 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 Management22 $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 Manager45 $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
Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt
© 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
Ownership Type
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All RespondentsAll Respondents 211 $184.2 $227.6
Publicly TradedPublicly Traded 93 $192.8 $244.7
Private 80 $175.7 $219.4
Government 12 $155.0 $168.6
Not-for-Profit 24 $196.4 $224.5
Other 2 -- --
Revenue
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 211 $184.2 $227.6
Less than $100
Million24 $157.4 $184.4
$100 - $250 Million$100 - $250
Million18 $149.1 $178.8
$250 - $500 Million$250 - $500
Million9 $195.9 $214.8
$500 Million - $1 Billion 28 $183.5 $228.2
$1 - $5 Billion$1 - $5
Billion75 $183.4 $230.8
$5 - $10 Billion$5 - $10
Billion21 $192.0 $233.3
Greater than
$10 Billion34 $215.8 $276.2
Average Compensation by Ownership Type
Average Compensation by Revenue
$1
84
.2
$1
92
.8
$1
75
.7
$1
55
.0
$1
96
.4
$0
.0
$2
27
.6
$2
44
.7
$2
19
.4
$1
68
.6
$2
24
.5
$0
.0
$0.0
$50.0
$100.0
$150.0
$200.0
$250.0
$300.0
All Respondents Publicly Traded Private Government Not-for-Profit Other
Average Base Salary ($000s) Average Total Comp ($000s)
$1
84
.2
$1
57
.4
$1
49
.1
$1
95
.9
$1
83
.5
$1
83
.4
$1
92
.0
$2
15
.8
$2
27
.6
$1
84
.4
$1
78
.8 $2
14
.8
$2
28
.2
$2
30
.8
$2
33
.3 $
27
6.2
$0.0
$50.0
$100.0
$150.0
$200.0
$250.0
$300.0
All Respondents Less than $100Million
$100 - $250Million
$250 - $500Million
$500 Million - $1Billion
$1 - $5Billion
$5 - $10Billion
Greater than$10 Billion
Average Base Salary ($000s) Average Total Comp ($000s)
© 2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 3 US Data
2013 Risk Management Compensation Survey
Chief Risk Officer | Vice President - Risk Management | Vice President - Strategic and Enterprise Risk
Degree
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 211 $184.2 $227.6
HS/Associate 14 $175.2 $214.3
Bachelors 97 $179.7 $221.7
MA/MS 18 $165.6 $205.1
MBA 56 $188.7 $244.5
JD 17 $219.9 $242.9
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
1 or Fewer 15 $163.8 $185.6
From 1 to 3 46 $175.1 $217.6
From 3 to 5 44 $185.7 $233.7
More than 5 62 $197.6 $241.6
Average Compensation by Degree
Average Compensation by Supervisory Responsibility
$1
84
.2
$1
75
.2
$1
79
.7
$1
65
.6
$1
88
.7
$2
19
.9
$2
27
.6
$2
14
.3
$2
21
.7
$2
05
.1 $
24
4.5
$2
42
.9
$0.0
$50.0
$100.0
$150.0
$200.0
$250.0
$300.0
All Respondents HS/Associate Bachelors MA/MS MBA JD
Average Base Salary ($000s) Average Total Comp ($000s)
$1
84
.2
$1
61
.7
$1
63
.8
$1
75
.1
$1
85
.7
$1
97
.6
$2
27
.6
$1
96
.9
$1
85
.6
$2
17
.6
$2
33
.7
$2
41
.6
$0.0
$50.0
$100.0
$150.0
$200.0
$250.0
$300.0
All Respondents No 1 or Fewer From 1 to 3 From 3 to 5 More than 5
Average Base Salary ($000s) Average Total Comp ($000s)
© 2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 4 US Data
2013 Risk Management Compensation Survey
Chief Risk Officer | Vice President - Risk Management | Vice President - Strategic and Enterprise Risk
Industry
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 211 $184.2 $227.6
Business/Info
Services/Consulting/Legal/Accounting8 $172.6 $204.8
Construction/Engineering/Architectural 6 $168.6 $179.2
Energy 8 $171.4 $222.0
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
Insurance 13 $221.9 $242.2
Mfg - Durable (includes Aerospace,
Computer/Office Equipment, Electronics)16 $187.8 $242.2
Mfg - Nondurable (includes Food, Paper & Allied
Products)10 $186.7 $255.0
Not-for-Profit 2 -- --
Real Estate 19 $165.5 $214.0
Retail 15 $190.0 $238.2
Service 11 $161.0 $199.4
Transportation 14 $174.3 $229.2
Utilities 7 $201.6 $305.3
Wholesale Distribution 9 $186.5 $219.5
Average Compensation by Industry
$184.2
$172.6
$168.6
$171.4
$199.8
$183.2
$0.0
$192.0
$180.1
$221.9
$187.8
$186.7
$0.0
$165.5
$190.0
$161.0
$174.3
$201.6
$186.5
$227.6
$204.8
$179.2
$222.0
$237.5
$234.3
$0.0
$218.3
$209.6
$242.2
$242.2
$255.0
$0.0
$214.0
$238.2
$199.4
$229.2
$305.3
$219.5
$0.0 $50.0 $100.0 $150.0 $200.0 $250.0 $300.0 $350.0
All Respondents
Business/Info Services/Consulting/Legal/Accounting
Construction/Engineering/Architectural
Energy
Entertainment & Media
Finance/Banking
Government
Healthcare
Hospitality
Insurance
Mfg - Durable (includes Aerospace, Computer/OfficeEquipment, Electronics)
Mfg - Nondurable (includes Food, Paper & Allied Products)
Not-for-Profit
Real Estate
Retail
Service
Transportation
Utilities
Wholesale Distribution
Average Base Salary ($000s) Average Total Comp ($000s)
© 2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 5 US Data
2013 Risk Management Compensation Survey
Chief Risk Officer | Vice President - Risk Management | Vice President - Strategic and Enterprise Risk
Regions (defined in Section I - 15)
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 211 $184.2 $227.6
North East Region North East 34 $189.0 $232.8
Mid Atlantic Region Mid Atlantic 23 $179.5 $235.2
South East Region South East 28 $168.5 $202.5
Mississippi Valley 50 $193.8 $244.0
Mountain Region Mountain 41 $170.2 $205.0
Western Region Western 35 $197.6 $240.4
Average Compensation by Region
$1
84
.2
$1
89
.0
$1
79
.5
$1
68
.5
$1
93
.8
$1
70
.2 $1
97
.6 $2
27
.6
$2
32
.8
$2
35
.2
$2
02
.5
$2
44
.0
$2
05
.0 $
24
0.4
$0.0
$50.0
$100.0
$150.0
$200.0
$250.0
$300.0
All Respondents North East Mid Atlantic South East Mississippi Valley Mountain Western
Average Base Salary ($000s) Average Total Comp ($000s)
© 2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 6 US Data
2013 Risk Management Compensation Survey
Director - Business Continuity/Financial/IT Risk Management
Ownership Type
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All RespondentsAll Respondents 22 $141.7 $166.4
Publicly TradedPublicly Traded 10 $144.3 $171.3
Private 6 $139.8 $169.5
Government 0 -- --
Not-for-Profit 5 $148.5 $163.7
Other 1 -- --
Revenue
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 22 $141.7 $166.4
Less than $100
Million2 -- --
$100 - $250 Million$100 - $250
Million2 -- --
$250 - $500 Million$250 - $500
Million4 -- --
$500 Million - $1 Billion 2 -- --
$1 - $5 Billion$1 - $5
Billion7 $145.2 $169.6
$5 - $10 Billion$5 - $10
Billion1 -- --
Greater than
$10 Billion3 -- --
Average Compensation by Ownership Type
Average Compensation by Revenue
$1
41
.7
$1
44
.3
$1
39
.8
$0
.0
$1
48
.5
$0
.0
$1
66
.4
$1
71
.3
$1
69
.5
$0
.0
$1
63
.7
$0
.0
$0.0
$20.0
$40.0
$60.0
$80.0
$100.0
$120.0
$140.0
$160.0
$180.0
All Respondents Publicly Traded Private Government Not-for-Profit Other
Average Base Salary ($000s) Average Total Comp ($000s)
$1
41
.7
$0
.0
$0
.0
$0
.0
$0
.0
$1
45
.2
$0
.0
$0
.0
$1
66
.4
$0
.0
$0
.0
$0
.0
$0
.0
$1
69
.6
$0
.0
$0
.0
$0.0
$20.0
$40.0
$60.0
$80.0
$100.0
$120.0
$140.0
$160.0
$180.0
All Respondents Less than $100Million
$100 - $250Million
$250 - $500Million
$500 Million - $1Billion
$1 - $5Billion
$5 - $10Billion
Greater than$10 Billion
Average Base Salary ($000s) Average Total Comp ($000s)
© 2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 7 US Data
2013 Risk Management Compensation Survey
Director - Business Continuity/Financial/IT Risk Management
Degree
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
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 -- --
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 -- --
Average Compensation by Degree
Average Compensation by Supervisory Responsibility
$1
41
.7
$0
.0
$1
43
.3
$1
64
.6
$1
30
.5
$0
.0
$1
66
.4
$0
.0
$1
68
.4 $1
96
.6
$1
51
.5
$0
.0
$0.0
$50.0
$100.0
$150.0
$200.0
$250.0
All Respondents HS/Associate Bachelors MA/MS MBA JD
Average Base Salary ($000s) Average Total Comp ($000s)
$1
41
.7
$0
.0
$0
.0
$1
35
.2
$1
53
.7
$0
.0
$1
66
.4
$0
.0
$0
.0
$1
60
.8
$1
78
.5
$0
.0
$0.0
$20.0
$40.0
$60.0
$80.0
$100.0
$120.0
$140.0
$160.0
$180.0
$200.0
All Respondents No 1 or Fewer From 1 to 3 From 3 to 5 More than 5
Average Base Salary ($000s) Average Total Comp ($000s)
© 2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 8 US Data
2013 Risk Management Compensation Survey
Director - Business Continuity/Financial/IT Risk Management
Regions (defined in Section I - 15)
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 22 $141.7 $166.4
North East Region North East 6 $136.8 $168.8
Mid Atlantic Region Mid Atlantic 3 -- --
South East Region South East 3 -- --
Mississippi Valley 3 -- --
Mountain Region Mountain 4 -- --
Western Region Western 3 -- --
Average Compensation by Region
Average Compensation by Industry
No Breakdowns Available - Insufficient Sample Size
$1
41
.7
$1
36
.8
$0
.0
$0
.0
$0
.0
$0
.0
$0
.0
$1
66
.4
$1
68
.8
$0
.0
$0
.0
$0
.0
$0
.0
$0
.0
$0.0
$20.0
$40.0
$60.0
$80.0
$100.0
$120.0
$140.0
$160.0
$180.0
All Respondents North East Mid Atlantic South East Mississippi Valley Mountain Western
Average Base Salary ($000s) Average Total Comp ($000s)
© 2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 9 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
Ownership Type
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All RespondentsAll Respondents 123 $135.3 $152.0
Publicly TradedPublicly 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 -- --
Revenue
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 123 $135.3 $152.0
Less than $100
Million10 $118.6 $129.6
$100 - $250 Million$100 - $250
Million6 $127.7 $138.3
$250 - $500 Million$250 - $500
Million12 $118.5 $129.3
$500 Million - $1 Billion 16 $131.8 $145.7
$1 - $5 Billion$1 - $5
Billion46 $139.9 $156.5
$5 - $10 Billion$5 - $10
Billion9 $150.2 $171.8
Greater than
$10 Billion13 $161.7 $199.5
Average Compensation by Ownership Type
Average Compensation by Revenue
$1
35
.3
$1
50
.4
$1
28
.5
$1
10
.1 $
13
6.3
$0
.0
$1
52
.0 $1
75
.0
$1
41
.3
$1
10
.4
$1
56
.4
$0
.0
$0.0
$20.0
$40.0
$60.0
$80.0
$100.0
$120.0
$140.0
$160.0
$180.0
$200.0
All Respondents Publicly Traded Private Government Not-for-Profit Other
Average Base Salary ($000s) Average Total Comp ($000s)
$1
35
.3
$1
18
.6
$1
27
.7
$1
18
.5
$1
31
.8
$1
39
.9
$1
50
.2
$1
61
.7
$1
52
.0
$1
29
.6
$1
38
.3
$1
29
.3
$1
45
.7
$1
56
.5
$1
71
.8 $1
99
.5
$0.0
$50.0
$100.0
$150.0
$200.0
$250.0
All Respondents Less than $100Million
$100 - $250Million
$250 - $500Million
$500 Million - $1Billion
$1 - $5Billion
$5 - $10Billion
Greater than$10 Billion
Average Base Salary ($000s) Average Total Comp ($000s)
© 2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 11 US Data
2013 Risk Management Compensation Survey
Director - Enterprise Risk Management (ERM)/Strategic Risk Management / Risk Intelligence
Degree
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 123 $135.3 $152.0
HS/Associate 3 -- --
Bachelors 50 $134.7 $151.2
MA/MS 18 $129.8 $141.6
MBA 37 $140.4 $157.2
JD 9 $135.6 $157.6
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
Average Compensation by Degree
Average Compensation by Supervisory Responsibility
$1
35
.3
$0
.0
$1
34
.7
$1
29
.8
$1
40
.4
$1
35
.6
$1
52
.0
$0
.0
$1
51
.2
$1
41
.6
$1
57
.2
$1
57
.6
$0.0
$20.0
$40.0
$60.0
$80.0
$100.0
$120.0
$140.0
$160.0
$180.0
All Respondents HS/Associate Bachelors MA/MS MBA JD
Average Base Salary ($000s) Average Total Comp ($000s)
$1
35
.3
$1
23
.9
$1
35
.1
$1
40
.4
$1
48
.4
$1
35
.7
$1
52
.0
$1
34
.6
$1
47
.1
$1
62
.3
$1
73
.6
$1
48
.3
$0.0
$20.0
$40.0
$60.0
$80.0
$100.0
$120.0
$140.0
$160.0
$180.0
$200.0
All Respondents No 1 or Fewer From 1 to 3 From 3 to 5 More than 5
Average Base Salary ($000s) Average Total Comp ($000s)
© 2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 12 US Data
2013 Risk Management Compensation Survey
Director - Enterprise Risk Management (ERM)/Strategic Risk Management / Risk Intelligence
Industry
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 123 $135.3 $152.0
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
Mfg - Durable (includes Aerospace,
Computer/Office Equipment, Electronics)14 $142.4 $160.9
Mfg - Nondurable (includes Food, Paper & Allied
Products)5 $124.0 $138.0
Retail 6 $139.5 $153.8
Transportation 6 $142.5 $176.7
Utilities 9 $130.3 $139.4
Average Compensation by Industry
$135.3
$144.7
$123.4
$148.4
$110.8
$138.3
$121.0
$142.4
$124.0
$139.5
$142.5
$130.3
$152.0
$166.7
$132.2
$171.8
$111.3
$162.0
$132.1
$160.9
$138.0
$153.8
$176.7
$139.4
$0.0 $20.0 $40.0 $60.0 $80.0 $100.0 $120.0 $140.0 $160.0 $180.0 $200.0
All Respondents
Chemical/Pharmaceutical/Biotechnology
Energy
Finance/Banking
Government
Healthcare
Insurance
Mfg - Durable (includes Aerospace, Computer/OfficeEquipment, Electronics)
Mfg - Nondurable (includes Food, Paper & Allied Products)
Retail
Transportation
Utilities
Average Base Salary ($000s) Average Total Comp ($000s)
© 2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 13 US Data
2013 Risk Management Compensation Survey
Director - Enterprise Risk Management (ERM)/Strategic Risk Management / Risk Intelligence
Regions (defined in Section I - 15)
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 123 $135.3 $152.0
North East Region North East 19 $140.9 $154.2
Mid Atlantic Region Mid Atlantic 10 $140.9 $164.9
South East Region South East 13 $126.8 $134.8
Mississippi Valley 24 $132.3 $152.7
Mountain Region Mountain 17 $130.7 $142.5
Western Region Western 40 $137.7 $157.0
Average Compensation by Region
$1
35
.3
$1
40
.9
$1
40
.9
$1
26
.8
$1
32
.3
$1
30
.7
$1
37
.7
$1
52
.0
$1
54
.2
$1
64
.9
$1
34
.8 $1
52
.7
$1
42
.5
$1
57
.0
$0.0
$20.0
$40.0
$60.0
$80.0
$100.0
$120.0
$140.0
$160.0
$180.0
All Respondents North East Mid Atlantic South East Mississippi Valley Mountain Western
Average Base Salary ($000s) Average Total Comp ($000s)
© 2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 14 US Data
2013 Risk Management Compensation Survey
Director - Insurance and Risk Management
Ownership Type
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All RespondentsAll Respondents 770 $133.4 $154.6
Publicly TradedPublicly 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
Revenue
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 770 $133.4 $154.6
Less than $100
Million51 $105.5 $109.6
$100 - $250 Million$100 - $250
Million53 $112.5 $120.8
$250 - $500 Million$250 - $500
Million71 $116.1 $130.9
$500 Million - $1 Billion 103 $119.1 $132.2
$1 - $5 Billion$1 - $5
Billion225 $134.1 $155.1
$5 - $10 Billion$5 - $10
Billion92 $147.4 $175.2
Greater than
$10 Billion143 $165.7 $206.1
Average Compensation by Ownership Type
Average Compensation by Revenue
$1
33
.4
$1
48
.2
$1
28
.4
$1
06
.5
$1
22
.8
$1
05
.4
$1
54
.6 $1
80
.7
$1
47
.3
$1
07
.9 $1
28
.3
$1
17
.9
$0.0
$20.0
$40.0
$60.0
$80.0
$100.0
$120.0
$140.0
$160.0
$180.0
$200.0
All Respondents Publicly Traded Private Government Not-for-Profit Other
Average Base Salary ($000s) Average Total Comp ($000s)
$1
33
.4
$1
05
.5
$1
12
.5
$1
16
.1
$1
19
.1
$1
34
.1
$1
47
.4
$1
65
.7
$1
54
.6
$1
09
.6
$1
20
.8
$1
30
.9
$1
32
.2
$1
55
.1
$1
75
.2 $
20
6.1
$0.0
$50.0
$100.0
$150.0
$200.0
$250.0
All Respondents Less than $100Million
$100 - $250Million
$250 - $500Million
$500 Million - $1Billion
$1 - $5Billion
$5 - $10Billion
Greater than$10 Billion
Average Base Salary ($000s) Average Total Comp ($000s)
© 2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 15 US Data
2013 Risk Management Compensation Survey
Director - Insurance and Risk Management
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
JD 50 $140.7 $155.4
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
1 or Fewer 110 $127.6 $151.6
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
Average Compensation by Degree
Average Compensation by Supervisory Responsibility
$1
33
.4
$1
22
.3
$1
33
.1
$1
18
.8 $1
41
.2
$1
40
.7
$1
54
.6
$1
41
.3
$1
54
.2
$1
31
.4
$1
68
.7
$1
55
.4
$0.0
$20.0
$40.0
$60.0
$80.0
$100.0
$120.0
$140.0
$160.0
$180.0
All Respondents HS/Associate Bachelors MA/MS MBA JD
Average Base Salary ($000s) Average Total Comp ($000s)
$1
33
.4
$1
19
.7
$1
27
.6
$1
35
.1
$1
43
.7
$1
38
.7
$1
54
.6
$1
35
.2
$1
51
.6
$1
55
.4
$1
67
.1
$1
62
.8
$0.0
$20.0
$40.0
$60.0
$80.0
$100.0
$120.0
$140.0
$160.0
$180.0
All Respondents No 1 or Fewer From 1 to 3 From 3 to 5 More than 5
Average Base Salary ($000s) Average Total Comp ($000s)
© 2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 16 US Data
2013 Risk Management Compensation Survey
Director - Insurance and Risk Management
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/Accounting7 $164.8 $207.0
Chemical/Pharmaceutical/Biotechnology 34 $143.8 $176.7
Computer Software/Services 8 $143.9 $164.5
Construction/Engineering/Architectural 30 $133.6 $148.8
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 $105.2
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)68 $146.0 $173.6
Mfg - Nondurable (includes Food, Paper & Allied
Products)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 55 $133.8 $159.1
Average Compensation by Industry
$133.4
$135.5
$164.8
$143.8
$143.9
$133.6
$115.9
$152.7
$151.8
$150.0
$103.5
$132.3
$122.6
$128.7
$146.0
$144.4
$165.7
$113.4
$138.1
$136.1
$120.2
$139.7
$115.5
$137.9
$134.6
$133.8
$154.6
$164.2
$207.0
$176.7
$164.5
$148.8
$116.6
$190.2
$186.9
$188.6
$105.2
$147.3
$141.6
$148.7
$173.6
$175.4
$201.7
$114.8
$157.3
$158.7
$131.5
$158.4
$134.8
$166.4
$156.8
$159.1
$0.0 $50.0 $100.0 $150.0 $200.0 $250.0
All Respondents
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,…
Mfg - Nondurable (includes Food, Paper & Allied Products)
Mining/Milling/Smelting
Not-for-Profit
Real Estate
Retail
Service
Telecommunications
Transportation
Utilities
Wholesale Distribution
Other
Average Base Salary ($000s) Average Total Comp ($000s)
© 2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 17 US Data
2013 Risk Management Compensation Survey
Director - Insurance and Risk Management
Regions (defined in Section I - 15)
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 770 $133.4 $154.6
North East Region North East 141 $154.5 $184.0
Mid Atlantic Region Mid Atlantic 91 $132.0 $151.3
South East Region South East 119 $123.2 $142.1
Mississippi Valley 161 $130.0 $151.0
Mountain Region Mountain 135 $126.4 $148.5
Western Region Western 123 $132.1 $146.9
Average Compensation by Region
$1
33
.4 $
15
4.5
$1
32
.0
$1
23
.2
$1
30
.0
$1
26
.4
$1
32
.1 $
15
4.6
$1
84
.0
$1
51
.3
$1
42
.1
$1
51
.0
$1
48
.5
$1
46
.9
$0.0
$20.0
$40.0
$60.0
$80.0
$100.0
$120.0
$140.0
$160.0
$180.0
$200.0
All Respondents North East Mid Atlantic South East Mississippi Valley Mountain Western
Average Base Salary ($000s) Average Total Comp ($000s)
© 2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 18 US Data
2013 Risk Management Compensation Survey
Manager - Insurance Management
Ownership Type
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All RespondentsAll Respondents 359 $102.1 $111.4
Publicly TradedPublicly Traded 181 $107.5 $119.9
Private 87 $99.7 $109.3
Government 44 $94.0 $96.3
Not-for-Profit 34 $89.9 $92.0
Other 13 $103.6 $109.1
Revenue
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 359 $102.1 $111.4
Less than $100
Million23 $82.2 $83.9
$100 - $250 Million$100 - $250
Million17 $95.3 $101.7
$250 - $500 Million$250 - $500
Million25 $90.7 $98.6
$500 Million - $1 Billion 32 $102.5 $107.2
$1 - $5 Billion$1 - $5
Billion112 $102.4 $111.5
$5 - $10 Billion$5 - $10
Billion45 $103.4 $113.6
Greater than
$10 Billion80 $115.3 $131.1
Average Compensation by Ownership Type
Average Compensation by Revenue
$1
02
.1
$1
07
.5
$9
9.7
$9
4.0
$8
9.9
$1
03
.6
$1
11
.4
$1
19
.9
$1
09
.3
$9
6.3
$9
2.0
$1
09
.1
$0.0
$20.0
$40.0
$60.0
$80.0
$100.0
$120.0
$140.0
All Respondents Publicly Traded Private Government Not-for-Profit Other
Average Base Salary ($000s) Average Total Comp ($000s)
$1
02
.1
$8
2.2
$9
5.3
$9
0.7
$1
02
.5
$1
02
.4
$1
03
.4
$1
15
.3
$1
11
.4
$8
3.9
$1
01
.7
$9
8.6
$1
07
.2
$1
11
.5
$1
13
.6 $
13
1.1
$0.0
$20.0
$40.0
$60.0
$80.0
$100.0
$120.0
$140.0
All Respondents Less than $100Million
$100 - $250Million
$250 - $500Million
$500 Million - $1Billion
$1 - $5Billion
$5 - $10Billion
Greater than$10 Billion
Average Base Salary ($000s) Average Total Comp ($000s)
© 2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 19 US Data
2013 Risk Management Compensation Survey
Manager - Insurance Management
Degree
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 359 $102.1 $111.4
HS/Associate 36 $88.6 $93.6
Bachelors 192 $102.9 $113.3
MA/MS 27 $101.5 $106.6
MBA 76 $105.5 $115.4
JD 8 $106.3 $112.1
Supervisory Responsibility
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 359 $102.1 $111.4
No 167 $99.6 $108.2
1 or Fewer 66 $103.6 $114.1
From 1 to 3 60 $102.5 $108.8
From 3 to 5 22 $102.4 $111.7
More than 5 19 $115.3 $135.4
Average Compensation by Degree
Average Compensation by Supervisory Responsibility
$1
02
.1
$8
8.6
$1
02
.9
$1
01
.5
$1
05
.5
$1
06
.3
$1
11
.4
$9
3.6
$1
13
.3
$1
06
.6
$1
15
.4
$1
12
.1
$0.0
$20.0
$40.0
$60.0
$80.0
$100.0
$120.0
$140.0
All Respondents HS/Associate Bachelors MA/MS MBA JD
Average Base Salary ($000s) Average Total Comp ($000s)
$1
02
.1
$9
9.6
$1
03
.6
$1
02
.5
$1
02
.4
$1
15
.3
$1
11
.4
$1
08
.2
$1
14
.1
$1
08
.8
$1
11
.7 $
13
5.4
$0.0
$20.0
$40.0
$60.0
$80.0
$100.0
$120.0
$140.0
$160.0
All Respondents No 1 or Fewer From 1 to 3 From 3 to 5 More than 5
Average Base Salary ($000s) Average Total Comp ($000s)
© 2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 20 US Data
2013 Risk Management Compensation Survey
Manager - Insurance Management
Industry
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 359 $102.1 $111.4
Business/Info
Services/Consulting/Legal/Accounting6 $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
Government 26 $91.4 $91.6
Healthcare 23 $97.7 $104.2
Hospitality 8 $83.7 $88.7
Insurance 18 $95.2 $100.3
Mfg - Durable (includes Aerospace,
Computer/Office Equipment, Electronics)37 $106.3 $116.3
Mfg - Nondurable (includes Food, Paper & Allied
Products)19 $109.4 $119.6
Mining/Milling/Smelting 8 $106.3 $111.6
Not-for-Profit 6 $90.6 $91.4
Real Estate 11 $98.1 $107.4
Retail 18 $97.6 $105.6
Telecommunications 5 $102.0 $117.3
Transportation 19 $95.7 $106.1
Utilities 32 $104.5 $114.8
Wholesale Distribution 9 $95.7 $103.5
Other 23 $103.9 $114.9
Average Compensation by Industry
$102.1
$99.3
$118.4
$113.2
$86.5
$119.3
$101.9
$91.4
$97.7
$83.7
$95.2
$106.3
$109.4
$106.3
$90.6
$98.1
$97.6
$102.0
$95.7
$104.5
$95.7
$103.9
$111.4
$104.9
$130.4
$120.4
$89.7
$143.3
$117.7
$91.6
$104.2
$88.7
$100.3
$116.3
$119.6
$111.6
$91.4
$107.4
$105.6
$117.3
$106.1
$114.8
$103.5
$114.9
$0.0 $20.0 $40.0 $60.0 $80.0 $100.0 $120.0 $140.0 $160.0
All Respondents
Business/Info Services/Consulting/Legal/Accounting
Chemical/Pharmaceutical/Biotechnology
Construction/Engineering/Architectural
Education
Energy
Finance/Banking
Government
Healthcare
Hospitality
Insurance
Mfg - Durable (includes Aerospace, Computer/OfficeEquipment, Electronics)
Mfg - Nondurable (includes Food, Paper & Allied Products)
Mining/Milling/Smelting
Not-for-Profit
Real Estate
Retail
Telecommunications
Transportation
Utilities
Wholesale Distribution
Other
Average Base Salary ($000s) Average Total Comp ($000s)
© 2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 21 US Data
2013 Risk Management Compensation Survey
Manager - Insurance Management
Regions (defined in Section I - 15)
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 359 $102.1 $111.4
North East Region North East 45 $108.0 $118.7
Mid Atlantic Region Mid Atlantic 46 $99.8 $107.1
South East Region South East 42 $92.9 $100.6
Mississippi Valley 105 $100.6 $110.6
Mountain Region Mountain 60 $107.0 $120.9
Western Region Western 61 $103.8 $108.8
Average Compensation by Region
$1
02
.1
$1
08
.0
$9
9.8
$9
2.9
$1
00
.6
$1
07
.0
$1
03
.8
$1
11
.4
$1
18
.7
$1
07
.1
$1
00
.6
$1
10
.6
$1
20
.9
$1
08
.8
$0.0
$20.0
$40.0
$60.0
$80.0
$100.0
$120.0
$140.0
All Respondents North East Mid Atlantic South East Mississippi Valley Mountain Western
Average Base Salary ($000s) Average Total Comp ($000s)
© 2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 22 US Data
2013 Risk Management Compensation Survey
Employee Benefits/Workers Compensation Claims Manager
Ownership Type
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All RespondentsAll Respondents 45 $84.4 $88.0
Publicly TradedPublicly Traded 17 $84.6 $90.0
Private 13 $72.5 $75.4
Government 7 $96.7 $96.7
Not-for-Profit 7 $93.3 $98.1
Other 1 -- --
Revenue
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 45 $84.4 $88.0
Less than $100
Million9 $80.3 $81.3
$100 - $250 Million$100 - $250
Million0 -- --
$250 - $500 Million$250 - $500
Million2 -- --
$500 Million - $1 Billion 5 $106.4 $112.8
$1 - $5 Billion$1 - $5
Billion9 $88.8 $94.2
$5 - $10 Billion$5 - $10
Billion3 -- --
Greater than
$10 Billion2 -- --
Average Compensation by Ownership Type
Average Compensation by Revenue
$8
4.4
$8
4.6
$7
2.5
$9
6.7
$9
3.3
$0
.0
$8
8.0
$9
0.0
$7
5.4
$9
6.7
$9
8.1
$0
.0
$0.0
$20.0
$40.0
$60.0
$80.0
$100.0
$120.0
All Respondents Publicly Traded Private Government Not-for-Profit Other
Average Base Salary ($000s) Average Total Comp ($000s)
$8
4.4
$8
0.3
$0
.0
$0
.0
$1
06
.4
$8
8.8
$0
.0
$0
.0
$8
8.0
$8
1.3
$0
.0
$0
.0
$1
12
.8
$9
4.2
$0
.0
$0
.0
$0.0
$20.0
$40.0
$60.0
$80.0
$100.0
$120.0
All Respondents Less than $100Million
$100 - $250Million
$250 - $500Million
$500 Million - $1Billion
$1 - $5Billion
$5 - $10Billion
Greater than$10 Billion
Average Base Salary ($000s) Average Total Comp ($000s)
© 2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 23 US Data
2013 Risk Management Compensation Survey
Employee Benefits/Workers Compensation Claims Manager
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
MA/MS 5 $97.0 $104.8
MBA 2 -- --
JD 0 -- --
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
From 3 to 5 2 -- --
More than 5 8 $108.9 $116.2
Average Compensation by Degree
Average Compensation by Supervisory Responsibility
$8
4.4
$7
9.3
$8
2.8
$9
7.0
$0
.0
$0
.0
$8
8.0
$8
2.3
$8
6.5
$1
04
.8
$0
.0
$0
.0
$0.0
$20.0
$40.0
$60.0
$80.0
$100.0
$120.0
All Respondents HS/Associate Bachelors MA/MS MBA JD
Average Base Salary ($000s) Average Total Comp ($000s)
$8
4.4
$7
0.8
$7
4.6
$8
4.0
$0
.0
$1
08
.9
$8
8.0
$7
2.8
$7
8.3
$8
8.2
$0
.0
$1
16
.2
$0.0
$20.0
$40.0
$60.0
$80.0
$100.0
$120.0
$140.0
All Respondents No 1 or Fewer From 1 to 3 From 3 to 5 More than 5
Average Base Salary ($000s) Average Total Comp ($000s)
© 2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 24 US Data
2013 Risk Management Compensation Survey
Employee Benefits/Workers Compensation Claims Manager
Industry
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 45 $84.4 $88.0
Government 5 $74.4 $74.4
Healthcare 5 $90.2 $96.2
Retail 6 $73.8 $78.8
Regions (defined in Section I - 15)
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 45 $84.4 $88.0
North East Region North East 4 -- --
Mid Atlantic Region Mid Atlantic 1 -- --
South East Region South East 7 $70.7 $74.6
Mississippi Valley 8 $90.8 $94.2
Mountain Region Mountain 8 $93.7 $94.0
Western Region Western 17 $81.9 $86.8
Average Compensation by Region
Average Compensation by Industry
$84.4
$74.4
$90.2
$73.8
$88.0
$74.4
$96.2
$78.8
$0.0 $20.0 $40.0 $60.0 $80.0 $100.0 $120.0
All Respondents
Government
Healthcare
Retail
Average Base Salary ($000s) Average Total Comp ($000s)
$8
4.4
$0
.0
$0
.0
$7
0.7
$9
0.8
$9
3.7
$8
1.9
$8
8.0
$0
.0
$0
.0
$7
4.6
$9
4.2
$9
4.0
$8
6.8
$0.0
$10.0
$20.0
$30.0
$40.0
$50.0
$60.0
$70.0
$80.0
$90.0
$100.0
All Respondents North East Mid Atlantic South East Mississippi Valley Mountain Western
Average Base Salary ($000s) Average Total Comp ($000s)
© 2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 25 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
Ownership Type
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All RespondentsAll Respondents 112 $86.9 $94.1
Publicly TradedPublicly Traded 58 $92.7 $104.2
Private 34 $76.7 $80.6
Government 10 $83.9 $84.5
Not-for-Profit 6 $103.8 $104.7
Other 4 -- --
Revenue
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 112 $86.9 $94.1
Less than $100
Million9 $82.5 $83.6
$100 - $250 Million$100 - $250
Million5 $79.8 $81.8
$250 - $500 Million$250 - $500
Million8 $84.0 $90.4
$500 Million - $1 Billion 8 $82.5 $84.2
$1 - $5 Billion$1 - $5
Billion18 $88.3 $92.3
$5 - $10 Billion$5 - $10
Billion11 $93.9 $104.6
Greater than
$10 Billion20 $104.4 $124.7
Average Compensation by Ownership Type
Average Compensation by Revenue
$8
6.9
$9
2.7
$7
6.7
$8
3.9
$1
03
.8
$0
.0
$9
4.1
$1
04
.2
$8
0.6
$8
4.5
$1
04
.7
$0
.0
$0.0
$20.0
$40.0
$60.0
$80.0
$100.0
$120.0
All Respondents Publicly Traded Private Government Not-for-Profit Other
Average Base Salary ($000s) Average Total Comp ($000s)
$8
6.9
$8
2.5
$7
9.8
$8
4.0
$8
2.5
$8
8.3
$9
3.9
$1
04
.4
$9
4.1
$8
3.6
$8
1.8
$9
0.4
$8
4.2
$9
2.3
$1
04
.6 $
12
4.7
$0.0
$20.0
$40.0
$60.0
$80.0
$100.0
$120.0
$140.0
All Respondents Less than $100Million
$100 - $250Million
$250 - $500Million
$500 Million - $1Billion
$1 - $5Billion
$5 - $10Billion
Greater than$10 Billion
Average Base Salary ($000s) Average Total Comp ($000s)
© 2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 27 US Data
2013 Risk Management Compensation Survey
Claims Manager
Degree
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 112 $86.9 $94.1
HS/Associate 19 $73.0 $75.4
Bachelors 68 $89.2 $96.8
MA/MS 6 $94.5 $101.9
MBA 9 $92.4 $98.2
JD 2 -- --
Supervisory Responsibility
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 112 $86.9 $94.1
No 50 $81.7 $86.5
1 or Fewer 17 $83.2 $87.8
From 1 to 3 14 $85.5 $96.2
From 3 to 5 8 $108.8 $125.6
More than 5 14 $96.6 $102.8
Average Compensation by Degree
Average Compensation by Supervisory Responsibility
$8
6.9
$7
3.0
$8
9.2
$9
4.5
$9
2.4
$0
.0
$9
4.1
$7
5.4
$9
6.8
$1
01
.9
$9
8.2
$0
.0
$0.0
$20.0
$40.0
$60.0
$80.0
$100.0
$120.0
All Respondents HS/Associate Bachelors MA/MS MBA JD
Average Base Salary ($000s) Average Total Comp ($000s)
$8
6.9
$8
1.7
$8
3.2
$8
5.5
$1
08
.8
$9
6.6
$9
4.1
$8
6.5
$8
7.8
$9
6.2
$1
25
.6
$1
02
.8
$0.0
$20.0
$40.0
$60.0
$80.0
$100.0
$120.0
$140.0
All Respondents No 1 or Fewer From 1 to 3 From 3 to 5 More than 5
Average Base Salary ($000s) Average Total Comp ($000s)
© 2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 28 US Data
2013 Risk Management Compensation Survey
Claims Manager
Industry
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 112 $86.9 $94.1
Construction/Engineering/Architectural 6 $89.2 $96.5
Education 5 $76.2 $76.2
Energy 5 $101.6 $131.5
Finance/Banking 6 $83.8 $92.3
Government 8 $72.0 $72.3
Hospitality 9 $77.6 $85.5
Retail 13 $84.7 $89.6
Service 6 $91.9 $94.9
Transportation 11 $90.5 $98.4
Utilities 6 $89.7 $101.6
Average Compensation by Industry
$86.9
$89.2
$76.2
$101.6
$83.8
$72.0
$77.6
$84.7
$91.9
$90.5
$89.7
$94.1
$96.5
$76.2
$131.5
$92.3
$72.3
$85.5
$89.6
$94.9
$98.4
$101.6
$0.0 $20.0 $40.0 $60.0 $80.0 $100.0 $120.0 $140.0
All Respondents
Construction/Engineering/Architectural
Education
Energy
Finance/Banking
Government
Hospitality
Retail
Service
Transportation
Utilities
Average Base Salary ($000s) Average Total Comp ($000s)
© 2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 29 US Data
2013 Risk Management Compensation Survey
Claims Manager
Regions (defined in Section I - 15)
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 112 $86.9 $94.1
North East Region North East 10 $97.5 $101.0
Mid Atlantic Region Mid Atlantic 21 $91.2 $97.3
South East Region South East 15 $82.8 $91.9
Mississippi Valley 21 $79.6 $82.9
Mountain Region Mountain 27 $85.0 $95.3
Western Region Western 18 $91.0 $99.9
Average Compensation by Region
$8
6.9
$9
7.5
$9
1.2
$8
2.8
$7
9.6
$8
5.0
$9
1.0
$9
4.1
$1
01
.0
$9
7.3
$9
1.9
$8
2.9
$9
5.3
$9
9.9
$0.0
$20.0
$40.0
$60.0
$80.0
$100.0
$120.0
All Respondents North East Mid Atlantic South East Mississippi Valley Mountain Western
Average Base Salary ($000s) Average Total Comp ($000s)
© 2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 30 US Data
2013 Risk Management Compensation Survey
Environmental, Health or Safety Manager
Ownership Type
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All RespondentsAll Respondents 33 $91.6 $100.5
Publicly TradedPublicly Traded 12 $89.1 $97.7
Private 14 $95.5 $109.1
Government 6 $93.7 $93.7
Not-for-Profit 1 -- --
Other 0 -- --
Revenue
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 33 $91.6 $100.5
Less than $100
Million0 -- --
$100 - $250 Million$100 - $250
Million3 -- --
$250 - $500 Million$250 - $500
Million7 $95.0 $112.2
$500 Million - $1 Billion 5 $74.1 $78.7
$1 - $5 Billion$1 - $5
Billion4 -- --
$5 - $10 Billion$5 - $10
Billion1 -- --
Greater than
$10 Billion3 -- --
Average Compensation by Ownership Type
Average Compensation by Revenue
$9
1.6
$8
9.1
$9
5.5
$9
3.7
$0
.0
$0
.0
$1
00
.5
$9
7.7
$1
09
.1
$9
3.7
$0
.0
$0
.0
$0.0
$20.0
$40.0
$60.0
$80.0
$100.0
$120.0
All Respondents Publicly Traded Private Government Not-for-Profit Other
Average Base Salary ($000s) Average Total Comp ($000s)
$9
1.6
$0
.0
$0
.0
$9
5.0
$7
4.1
$0
.0
$0
.0
$0
.0
$1
00
.5
$0
.0
$0
.0
$1
12
.2
$7
8.7
$0
.0
$0
.0
$0
.0
$0.0
$20.0
$40.0
$60.0
$80.0
$100.0
$120.0
All Respondents Less than $100Million
$100 - $250Million
$250 - $500Million
$500 Million - $1Billion
$1 - $5Billion
$5 - $10Billion
Greater than$10 Billion
Average Base Salary ($000s) Average Total Comp ($000s)
© 2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 31 US Data
2013 Risk Management Compensation Survey
Environmental, Health or Safety Manager
Degree
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 33 $91.6 $100.5
HS/Associate 3 -- --
Bachelors 18 $87.8 $96.9
MA/MS 7 $108.4 $114.1
MBA 4 -- --
JD 0 -- --
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 -- --
From 3 to 5 4 -- --
More than 5 6 $105.0 $122.0
Average Compensation by Degree
Average Compensation by Supervisory Responsibility
$9
1.6
$0
.0
$8
7.8
$1
08
.4
$0
.0
$0
.0
$1
00
.5
$0
.0
$9
6.9
$1
14
.1
$0
.0
$0
.0
$0.0
$20.0
$40.0
$60.0
$80.0
$100.0
$120.0
All Respondents HS/Associate Bachelors MA/MS MBA JD
Average Base Salary ($000s) Average Total Comp ($000s)
$9
1.6
$8
6.1
$0
.0
$0
.0
$0
.0
$1
05
.0
$1
00
.5
$9
1.6
$0
.0
$0
.0
$0
.0
$1
22
.0
$0.0
$20.0
$40.0
$60.0
$80.0
$100.0
$120.0
$140.0
All Respondents No 1 or Fewer From 1 to 3 From 3 to 5 More than 5
Average Base Salary ($000s) Average Total Comp ($000s)
© 2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 32 US Data
2013 Risk Management Compensation Survey
Environmental, Health or Safety Manager
Industry
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 33 $91.6 $100.5
Government 5 $93.2 $93.2
Mfg - Nondurable (includes Food, Paper & Allied
Products)6 $109.7 $116.5
Regions (defined in Section I - 15)
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 33 $91.6 $100.5
North East Region North East 4 -- --
Mid Atlantic Region Mid Atlantic 4 -- --
South East Region South East 8 $76.1 $78.9
Mississippi Valley 3 -- --
Mountain Region Mountain 7 $82.4 $97.2
Western Region Western 7 $103.1 $109.1
Average Compensation by Region
Average Compensation by Industry
$91.6
$93.2
$109.7
$100.5
$93.2
$116.5
$0.0 $20.0 $40.0 $60.0 $80.0 $100.0 $120.0 $140.0
All Respondents
Government
Mfg - Nondurable (includes Food, Paper & AlliedProducts)
Average Base Salary ($000s) Average Total Comp ($000s)
$9
1.6
$0
.0
$0
.0
$7
6.1
$0
.0
$8
2.4
$1
03
.1
$1
00
.5
$0
.0
$0
.0
$7
8.9
$0
.0
$9
7.2
$1
09
.1
$0.0
$20.0
$40.0
$60.0
$80.0
$100.0
$120.0
All Respondents North East Mid Atlantic South East Mississippi Valley Mountain Western
Average Base Salary ($000s) Average Total Comp ($000s)
© 2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 33 US Data
2013 Risk Management Compensation Survey
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© 2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 34
2013 Risk Management Compensation Survey
Risk Management Analyst (Enterprise-Wide)
Ownership Type
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All RespondentsAll Respondents 79 $76.5 $80.2
Publicly TradedPublicly 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 -- --
Revenue
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 79 $76.5 $80.2
Less than $100
Million5 $66.9 $69.5
$100 - $250 Million$100 - $250
Million7 $77.3 $78.9
$250 - $500 Million$250 - $500
Million5 $76.1 $78.9
$500 Million - $1 Billion 9 $72.3 $75.5
$1 - $5 Billion$1 - $5
Billion23 $84.5 $87.8
$5 - $10 Billion$5 - $10
Billion10 $72.8 $77.4
Greater than
$10 Billion6 $78.2 $81.5
Average Compensation by Ownership Type
Average Compensation by Revenue
$7
6.5
$7
5.4
$8
0.8
$7
3.8
$7
5.8
$0
.0
$8
0.2
$8
0.1
$8
6.4
$7
4.1
$7
7.4
$0
.0
$0.0
$10.0
$20.0
$30.0
$40.0
$50.0
$60.0
$70.0
$80.0
$90.0
$100.0
All Respondents Publicly Traded Private Government Not-for-Profit Other
Average Base Salary ($000s) Average Total Comp ($000s)
$7
6.5
$6
6.9
$7
7.3
$7
6.1
$7
2.3
$8
4.5
$7
2.8
$7
8.2
$8
0.2
$6
9.5
$7
8.9
$7
8.9
$7
5.5
$8
7.8
$7
7.4
$8
1.5
$0.0
$10.0
$20.0
$30.0
$40.0
$50.0
$60.0
$70.0
$80.0
$90.0
$100.0
All Respondents Less than $100Million
$100 - $250Million
$250 - $500Million
$500 Million - $1Billion
$1 - $5Billion
$5 - $10Billion
Greater than$10 Billion
Average Base Salary ($000s) Average Total Comp ($000s)
© 2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 35 US Data
2013 Risk Management Compensation Survey
Risk Management Analyst (Enterprise-Wide)
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
JD 2 -- --
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
From 1 to 3 10 $86.2 $88.4
From 3 to 5 0 -- --
More than 5 1 -- --
Average Compensation by Degree
Average Compensation by Supervisory Responsibility
$7
6.5
$6
9.8
$7
2.6
$0
.0
$8
0.5
$0
.0
$8
0.2
$7
1.5
$7
7.0
$0
.0
$8
3.5
$0
.0
$0.0
$10.0
$20.0
$30.0
$40.0
$50.0
$60.0
$70.0
$80.0
$90.0
All Respondents HS/Associate Bachelors MA/MS MBA JD
Average Base Salary ($000s) Average Total Comp ($000s)
$7
6.5
$7
2.0
$9
6.4
$8
6.2
$0
.0
$0
.0
$8
0.2
$7
5.3
$1
03
.8
$8
8.4
$0
.0
$0
.0
$0.0
$20.0
$40.0
$60.0
$80.0
$100.0
$120.0
All Respondents No 1 or Fewer From 1 to 3 From 3 to 5 More than 5
Average Base Salary ($000s) Average Total Comp ($000s)
© 2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 36 US Data
2013 Risk Management Compensation Survey
Risk Management Analyst (Enterprise-Wide)
Industry
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 79 $76.5 $80.2
Chemical/Pharmaceutical/Biotechnology 5 $102.8 $113.2
Finance/Banking 6 $82.2 $84.7
Government 7 $69.8 $69.8
Insurance 9 $77.1 $79.7
Retail 7 $68.2 $71.4
Utilities 10 $84.1 $85.9
Average Compensation by Industry
$76.5
$102.8
$82.2
$69.8
$77.1
$68.2
$84.1
$80.2
$113.2
$84.7
$69.8
$79.7
$71.4
$85.9
$0.0 $20.0 $40.0 $60.0 $80.0 $100.0 $120.0
All Respondents
Chemical/Pharmaceutical/Biotechnology
Finance/Banking
Government
Insurance
Retail
Utilities
Average Base Salary ($000s) Average Total Comp ($000s)
© 2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 37 US Data
2013 Risk Management Compensation Survey
Risk Management Analyst (Enterprise-Wide)
Regions (defined in Section I - 15)
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 79 $76.5 $80.2
North East Region North East 5 $71.8 $72.2
Mid Atlantic Region Mid Atlantic 13 $76.1 $79.9
South East Region South East 12 $62.7 $70.4
Mississippi Valley 16 $75.4 $78.3
Mountain Region Mountain 16 $82.1 $86.9
Western Region Western 17 $83.8 $85.2
Average Compensation by Region
$7
6.5
$7
1.8
$7
6.1
$6
2.7
$7
5.4
$8
2.1
$8
3.8
$8
0.2
$7
2.2
$7
9.9
$7
0.4
$7
8.3
$8
6.9
$8
5.2
$0.0
$10.0
$20.0
$30.0
$40.0
$50.0
$60.0
$70.0
$80.0
$90.0
$100.0
All Respondents North East Mid Atlantic South East Mississippi Valley Mountain Western
Average Base Salary ($000s) Average Total Comp ($000s)
© 2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 38 US Data
2013 Risk Management Compensation Survey
Risk Management Analyst
Ownership Type
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All RespondentsAll Respondents 202 $69.6 $72.7
Publicly TradedPublicly Traded 104 $70.3 $74.0
Private 58 $66.5 $69.8
Government 22 $68.6 $68.6
Not-for-Profit 15 $74.8 $76.1
Other 3 -- --
Revenue
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 202 $69.6 $72.7
Less than $100
Million8 $71.2 $74.9
$100 - $250 Million$100 - $250
Million8 $74.2 $78.8
$250 - $500 Million$250 - $500
Million14 $63.8 $66.4
$500 Million - $1 Billion 24 $65.6 $67.2
$1 - $5 Billion$1 - $5
Billion50 $73.7 $75.9
$5 - $10 Billion$5 - $10
Billion25 $64.5 $67.8
Greater than
$10 Billion36 $77.9 $82.8
Average Compensation by Ownership Type
Average Compensation by Revenue
$6
9.6
$7
0.3
$6
6.5
$6
8.6
$7
4.8
$0
.0
$7
2.7
$7
4.0
$6
9.8
$6
8.6
$7
6.1
$0
.0
$0.0
$10.0
$20.0
$30.0
$40.0
$50.0
$60.0
$70.0
$80.0
All Respondents Publicly Traded Private Government Not-for-Profit Other
Average Base Salary ($000s) Average Total Comp ($000s)
$6
9.6
$7
1.2
$7
4.2
$6
3.8
$6
5.6
$7
3.7
$6
4.5
$7
7.9
$7
2.7
$7
4.9
$7
8.8
$6
6.4
$6
7.2
$7
5.9
$6
7.8
$8
2.8
$0.0
$10.0
$20.0
$30.0
$40.0
$50.0
$60.0
$70.0
$80.0
$90.0
All Respondents Less than $100Million
$100 - $250Million
$250 - $500Million
$500 Million - $1Billion
$1 - $5Billion
$5 - $10Billion
Greater than$10 Billion
Average Base Salary ($000s) Average Total Comp ($000s)
© 2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 39 US Data
2013 Risk Management Compensation Survey
Risk Management Analyst
Degree
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 202 $69.6 $72.7
HS/Associate 34 $67.5 $69.8
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
Supervisory Responsibility
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 202 $69.6 $72.7
No 186 $69.1 $72.0
1 or Fewer 11 $74.9 $80.0
From 1 to 3 3 -- --
From 3 to 5 0 -- --
More than 5 0 -- --
Average Compensation by Degree
Average Compensation by Supervisory Responsibility
$6
9.6
$6
7.5
$6
9.1
$7
0.8
$7
8.4
$7
3.7
$7
2.7
$6
9.8
$7
2.2
$7
4.5
$8
3.2
$7
4.6
$0.0
$10.0
$20.0
$30.0
$40.0
$50.0
$60.0
$70.0
$80.0
$90.0
All Respondents HS/Associate Bachelors MA/MS MBA JD
Average Base Salary ($000s) Average Total Comp ($000s)
$6
9.6
$6
9.1
$7
4.9
$0
.0
$0
.0
$0
.0
$7
2.7
$7
2.0
$8
0.0
$0
.0
$0
.0
$0
.0
$0.0
$10.0
$20.0
$30.0
$40.0
$50.0
$60.0
$70.0
$80.0
$90.0
All Respondents No 1 or Fewer From 1 to 3 From 3 to 5 More than 5
Average Base Salary ($000s) Average Total Comp ($000s)
© 2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 40 US Data
2013 Risk Management Compensation Survey
Risk Management Analyst
Industry
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 202 $69.6 $72.7
Chemical/Pharmaceutical/Biotechnology 12 $82.4 $86.5
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
Mfg - Durable (includes Aerospace,
Computer/Office Equipment, Electronics)23 $66.6 $69.7
Mfg - Nondurable (includes Food, Paper & Allied
Products)7 $58.6 $59.8
Real Estate 10 $53.6 $56.9
Retail 7 $62.0 $63.8
Telecommunications 7 $60.3 $61.4
Transportation 15 $69.5 $75.8
Utilities 15 $75.6 $78.9
Average Compensation by Industry
$69.6
$82.4
$78.3
$68.7
$69.5
$73.2
$71.3
$67.0
$71.0
$73.3
$66.6
$58.6
$53.6
$62.0
$60.3
$69.5
$75.6
$72.7
$86.5
$79.9
$71.4
$72.0
$78.8
$73.5
$67.0
$73.8
$75.1
$69.7
$59.8
$56.9
$63.8
$61.4
$75.8
$78.9
$0.0 $10.0 $20.0 $30.0 $40.0 $50.0 $60.0 $70.0 $80.0 $90.0 $100.0
All Respondents
Chemical/Pharmaceutical/Biotechnology
Computer Software/Services
Construction/Engineering/Architectural
Education
Energy
Finance/Banking
Government
Healthcare
Insurance
Mfg - Durable (includes Aerospace, Computer/OfficeEquipment, Electronics)
Mfg - Nondurable (includes Food, Paper & Allied Products)
Real Estate
Retail
Telecommunications
Transportation
Utilities
Average Base Salary ($000s) Average Total Comp ($000s)
© 2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 41 US Data
2013 Risk Management Compensation Survey
Risk Management Analyst
Regions (defined in Section I - 15)
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 202 $69.6 $72.7
North East Region North East 18 $82.5 $85.7
Mid Atlantic Region Mid Atlantic 31 $69.8 $74.1
South East Region South East 30 $64.4 $67.2
Mississippi Valley 43 $64.6 $67.1
Mountain Region Mountain 41 $70.7 $73.5
Western Region Western 39 $72.0 $75.1
Average Compensation by Region
$6
9.6
$8
2.5
$6
9.8
$6
4.4
$6
4.6
$7
0.7
$7
2.0
$7
2.7
$8
5.7
$7
4.1
$6
7.2
$6
7.1
$7
3.5
$7
5.1
$0.0
$10.0
$20.0
$30.0
$40.0
$50.0
$60.0
$70.0
$80.0
$90.0
$100.0
All Respondents North East Mid Atlantic South East Mississippi Valley Mountain Western
Average Base Salary ($000s) Average Total Comp ($000s)
© 2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 42 US Data
2013 Risk Management Compensation Survey
Claims Analyst
Ownership Type
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All RespondentsAll Respondents 15 $64.2 $66.3
Publicly TradedPublicly Traded 9 $67.0 $70.2
Private 1 -- --
Government 1 -- --
Not-for-Profit 4 -- --
Other 0 -- --
Revenue
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 15 $64.2 $66.3
Less than $100
Million2 -- --
$100 - $250 Million$100 - $250
Million0 -- --
$250 - $500 Million$250 - $500
Million0 -- --
$500 Million - $1 Billion 1 -- --
$1 - $5 Billion$1 - $5
Billion2 -- --
$5 - $10 Billion$5 - $10
Billion1 -- --
Greater than
$10 Billion0 -- --
Average Compensation by Ownership Type
Average Compensation by Revenue
$6
4.2
$6
7.0
$0
.0
$0
.0
$0
.0
$0
.0
$6
6.3
$7
0.2
$0
.0
$0
.0
$0
.0
$0
.0
$0.0
$10.0
$20.0
$30.0
$40.0
$50.0
$60.0
$70.0
$80.0
All Respondents Publicly Traded Private Government Not-for-Profit Other
Average Base Salary ($000s) Average Total Comp ($000s)
$6
4.2
$0
.0
$0
.0
$0
.0
$0
.0
$0
.0
$0
.0
$0
.0
$6
6.3
$0
.0
$0
.0
$0
.0
$0
.0
$0
.0
$0
.0
$0
.0
$0.0
$10.0
$20.0
$30.0
$40.0
$50.0
$60.0
$70.0
All Respondents Less than $100Million
$100 - $250Million
$250 - $500Million
$500 Million - $1Billion
$1 - $5Billion
$5 - $10Billion
Greater than$10 Billion
Average Base Salary ($000s) Average Total Comp ($000s)
© 2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 43 US Data
2013 Risk Management Compensation Survey
Claims Analyst
Degree
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 15 $64.2 $66.3
HS/Associate 3 -- --
Bachelors 9 $59.9 $62.2
MA/MS 0 -- --
MBA 1 -- --
JD 1 -- --
Supervisory Responsibility
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 15 $64.2 $66.3
No 15 $64.2 $66.3
1 or Fewer 0 -- --
From 1 to 3 0 -- --
From 3 to 5 0 -- --
More than 5 0 -- --
Average Compensation by Degree
Average Compensation by Supervisory Responsibility
$6
4.2
$0
.0
$5
9.9
$0
.0
$0
.0
$0
.0
$6
6.3
$0
.0
$6
2.2
$0
.0
$0
.0
$0
.0
$0.0
$10.0
$20.0
$30.0
$40.0
$50.0
$60.0
$70.0
All Respondents HS/Associate Bachelors MA/MS MBA JD
Average Base Salary ($000s) Average Total Comp ($000s)
$6
4.2
$6
4.2
$0
.0
$0
.0
$0
.0
$0
.0
$6
6.3
$6
6.3
$0
.0
$0
.0
$0
.0
$0
.0
$0.0
$10.0
$20.0
$30.0
$40.0
$50.0
$60.0
$70.0
All Respondents No 1 or Fewer From 1 to 3 From 3 to 5 More than 5
Average Base Salary ($000s) Average Total Comp ($000s)
© 2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 44 US Data
2013 Risk Management Compensation Survey
Claims Analyst
Regions (defined in Section I - 15)
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 15 $64.2 $66.3
North East Region North East 0 -- --
Mid Atlantic Region Mid Atlantic 2 -- --
South East Region South East 3 -- --
Mississippi Valley 1 -- --
Mountain Region Mountain 5 $61.5 $61.8
Western Region Western 4 -- --
Average Compensation by Region
Average Compensation by Industry
No Breakdowns Available - Insufficient Sample Size
$6
4.2
$0
.0
$0
.0
$0
.0
$0
.0
$6
1.5
$0
.0
$6
6.3
$0
.0
$0
.0
$0
.0
$0
.0
$6
1.8
$0
.0
$0.0
$10.0
$20.0
$30.0
$40.0
$50.0
$60.0
$70.0
All Respondents North East Mid Atlantic South East Mississippi Valley Mountain Western
Average Base Salary ($000s) Average Total Comp ($000s)
© 2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 45 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
Cash Compensation (All dollar amounts are displayed in USD $000s)
Scope
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
All Respondents 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
Ownership Type
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
Publicly Traded 93 $192.8 $160.0 $197.0 $215.0 74 $65.1 $40.0 $54.5 $80.0 60 37.0% 30.0% 93 $244.7 $190.7 $235.0 $275.0 21.1 21.0
Private 80 $175.7 $140.0 $169.5 $200.0 67 $52.3 $20.0 $43.0 $65.0 40 32.0% 25.0% 80 $219.4 $169.5 $201.5 $250.0 19.8 20.0
Government 12 $155.0 $126.0 $148.0 $159.3 6 $27.3 -- $15.0 -- 4 -- -- 12 $168.6 $126.0 $157.4 $169.2 18.3 17.5
Not-for-Profit 24 $196.4 $160.0 $197.5 $217.5 18 $37.5 $30.0 $35.1 $40.0 9 23.0% 20.0% 24 $224.5 $172.0 $230.0 $269.5 22.1 26.0
Other 2 -- -- -- -- 0 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --
Revenue
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
Less than $100 Million 24 $157.4 $120.5 $157.5 $185.0 14 $46.3 $18.0 $32.5 $50.0 5 18.0% 20.0% 24 $184.4 $139.5 $167.0 $231.5 17.7 18.0
$100 - $250 Million 18 $149.1 $130.0 $146.3 $170.0 18 $29.6 $12.0 $21.3 $45.0 11 33.0% 25.0% 18 $178.8 $145.0 $177.2 $205.0 17.4 17.0
$250 - $500 Million 9 $195.9 -- $155.0 -- 4 -- -- -- -- 3 -- -- 9 $214.8 -- $170.0 -- 20.2 20.0
$500 Million - $1 Billion 28 $183.5 $145.8 $165.5 $222.5 23 $54.4 $25.0 $40.0 $65.0 13 40.0% 40.0% 28 $228.2 $169.0 $217.0 $272.4 20.6 21.0
$1 - $5 Billion 75 $183.4 $155.0 $185.0 $210.0 61 $58.3 $30.0 $49.0 $70.0 44 33.0% 30.0% 75 $230.8 $178.0 $225.0 $274.0 21.6 23.0
$5 - $10 Billion 21 $192.0 $166.0 $190.0 $200.0 16 $54.2 $33.5 $47.5 $72.5 12 31.0% 30.0% 21 $233.3 $190.7 $228.0 $266.5 23.2 25.0
Greater than $10 Billion 34 $215.8 $180.0 $206.0 $250.0 27 $76.1 $50.0 $60.0 $90.0 24 37.0% 30.0% 34 $276.2 $226.0 $253.0 $335.0 20.3 20.0
Degree
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
High School/Associate Degree 14 $175.2 $130.0 $163.0 $215.0 11 $49.7 $13.0 $40.0 $73.0 4 -- -- 14 $214.3 $140.0 $208.5 $275.0 25.7 27.0
Bachelors 97 $179.7 $148.0 $175.0 $200.0 73 $55.9 $30.0 $45.0 $66.0 51 34.0% 30.0% 97 $221.7 $169.0 $211.2 $250.0 20.6 20.0
MA/MS 18 $165.6 $135.0 $154.0 $190.0 15 $47.4 $16.5 $37.5 $50.0 8 27.0% 20.0% 18 $205.1 $145.0 $187.5 $231.0 21.7 21.0
MBA 56 $188.7 $158.0 $192.5 $206.0 49 $63.8 $35.0 $52.0 $90.0 38 34.0% 30.0% 56 $244.5 $190.3 $235.0 $297.5 19.3 20.0
JD 17 $219.9 $169.0 $215.0 $235.0 9 $43.4 -- $43.5 -- 6 33.0% 28.0% 17 $242.9 $188.5 $235.0 $265.0 19.1 18.0
Ph.D 2 -- -- -- -- 1 -- -- -- -- 1 -- -- 2 -- -- -- -- -- --
Supervisory Responsibility
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
No 16 $161.7 $121.8 $152.5 $197.5 11 $51.2 $25.0 $35.0 $88.0 10 35.0% 30.0% 16 $196.9 $142.8 $177.5 $227.5 19.7 16.0
1 or Fewer 15 $163.8 $137.5 $148.5 $198.0 12 $27.2 $10.0 $20.4 $42.5 8 25.0% 28.0% 15 $185.6 $140.0 $188.0 $230.0 22.5 25.0
From 1 to 3 46 $175.1 $144.0 $171.5 $200.0 36 $54.4 $37.5 $48.0 $60.0 27 32.0% 30.0% 46 $217.6 $170.0 $211.0 $250.0 19.8 20.0
From 3 to 5 44 $185.7 $154.0 $185.0 $207.5 37 $57.1 $35.0 $50.0 $73.0 23 34.0% 30.0% 44 $233.7 $181.5 $232.5 $274.5 20.5 22.5
More than 5 62 $197.6 $153.0 $192.5 $232.0 45 $60.6 $20.0 $45.0 $80.0 32 33.0% 30.0% 62 $241.6 $169.4 $225.5 $281.0 20.3 20.0
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.
Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt
© 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 RiskDescription 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.
Cash Compensation (All dollar amounts are displayed in USD $000s)
Scope
Industry
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
Agriculture 3 -- -- -- -- 3 -- -- -- -- 2 -- -- 3 -- -- -- -- -- --
Business/Info
Services/Consulting/Legal/Accounting8 $172.6 -- $175.0 -- 7 $36.9 -- $45.0 -- 4 -- -- 8 $204.8 -- $210.3 -- 19.4 20.5
Chemical/Pharmaceutical/Biotechnology 3 -- -- -- -- 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,
Computer/Office Equipment, Electronics)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
Mfg - Nondurable (includes Food, Paper & Allied
Products)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
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)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
North East Region 34 $189.0 $160.0 $185.0 $205.0 26 $57.3 $35.0 $52.5 $80.0 23 36.0% 30.0% 34 $232.8 $185.0 $220.6 $275.0 20.3 20.5
Mid Atlantic Region 23 $179.5 $144.9 $176.0 $200.0 19 $67.5 $35.0 $56.0 $105.0 10 37.0% 30.0% 23 $235.2 $185.0 $235.0 $266.5 23.4 23.0
South East Region 28 $168.5 $144.3 $156.9 $197.5 22 $43.2 $20.0 $40.8 $56.0 16 27.0% 25.0% 28 $202.5 $166.9 $194.3 $230.0 17.9 18.5
Mississippi Valley Region 50 $193.8 $150.0 $182.5 $215.0 38 $66.1 $30.0 $50.8 $72.0 28 35.0% 30.0% 50 $244.0 $175.0 $222.5 $270.0 21.6 21.0
Mountain Region 41 $170.2 $139.7 $169.0 $200.0 35 $40.9 $15.0 $40.0 $54.0 23 29.0% 25.0% 41 $205.0 $157.2 $200.0 $240.0 18.2 17.0
Western Region 35 $197.6 $152.9 $200.0 $232.0 25 $59.9 $25.0 $40.0 $73.0 13 36.0% 30.0% 35 $240.4 $156.0 $238.0 $283.0 22.3 24.0
Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt
© 2013 Risk and Insurance Management Society, Inc. (RIMS) V - 2 US Data
2013 Risk Management Compensation Survey
Chief Risk Officer | Vice President - Risk Management | Vice President - Strategic and Enterprise RiskDescription 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.
Cash Compensation (All dollar amounts are displayed in USD $000s)
Scope
State
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
CA 26 $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
FL 11 $178.4 $155.0 $169.0 $200.0 8 $40.1 -- $37.5 -- 6 28.0% 25.0% 11 $207.6 $164.7 $201.0 $249.0 18.5 20.0
GA 7 $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)
Scope
Metro Area
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
Atlanta, GA 6 $174.0 -- $178.5 -- 4 -- -- -- -- 3 -- -- 6 $213.3 -- $205.0 -- 18.0 16.0
Boston-Worcester-Lawrence, MA-NH-ME-CT 5 $165.1 -- $155.0 -- 5 $46.0 -- $50.0 -- 5 29.0% 30.0% 5 $211.1 -- $190.7 -- 21.8 21.0
Chicago-Gary-Kenosha, IL-IN-WI 14 $215.8 $148.5 $188.0 $248.1 11 $62.9 $35.0 $48.8 $66.0 8 39.0% 33.0% 14 $265.2 $178.0 $237.5 $297.0 20.4 20.5
Dallas-Fort Worth, TX 12 $176.4 $162.5 $178.0 $195.0 10 $43.3 $32.0 $42.5 $54.0 6 24.0% 28.0% 12 $212.5 $167.5 $225.3 $253.1 22.6 24.5
Denver-Boulder-Greeley, 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
Houston-Galveston-Brazoria, TX 6 $169.3 -- $160.5 -- 6 $39.8 -- $37.5 -- 3 -- -- 6 $209.2 -- $202.5 -- 21.7 25.0
Los Angeles-Riverside-Orange County, CA 17 $194.6 $156.0 $195.0 $226.6 13 $50.0 $18.0 $40.0 $55.0 7 29.0% 30.0% 17 $232.8 $169.4 $235.0 $283.0 23.0 25.0
Milwaukee-Racine, WI 5 $184.4 -- $186.0 -- 4 -- -- -- -- 4 -- -- 5 $251.3 -- $251.0 -- 18.4 18.0
New York-Northern New Jersey-Long Island, NY-
NJ-CT-PA23 $202.8 $165.0 $198.0 $225.0 17 $62.5 $35.0 $60.0 $85.0 17 39.0% 30.0% 23 $249.0 $190.0 $231.0 $295.0 19.0 18.0
Philadelphia-Wilmington-Atlantic City, PA-NJ-DE-
MD8 $154.9 -- $152.5 -- 7 $62.5 -- $50.0 -- 3 -- -- 8 $209.6 -- $208.5 -- 24.0 23.5
San Francisco-Oakland-San Jose, CA 7 $219.1 -- $226.0 -- 6 $46.7 -- $37.5 -- 3 -- -- 7 $259.1 -- $265.0 -- 21.0 22.0
Washington-Baltimore, DC-MD-VA-WV 6 $228.7 -- $242.0 -- 4 -- -- -- -- 2 -- -- 6 $274.3 -- $245.0 -- 26.8 25.0
Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt
Target Bonus Total Cash Compensation Yrs. In Risk MgmtBase Salary Bonus Amount
© 2013 Risk and Insurance Management Society, Inc. (RIMS) V - 3 US Data
2013 Risk Management Compensation Survey
Chief Risk Officer | Vice President - Risk Management | Vice President - Strategic and Enterprise RiskDescription 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.
Respondent Characteristics
Male 67.3% Yes 59.2%
Female 29.4% No 40.8%
Did Not Indicate 3.3% Did Not Indicate 0.0%
High School/Associate Degree 6.6% Incentive Stock Options (ISOs) 31.2%
Bachelors 46.0% Non-Qualified Stock Options (NQSOs) 14.4%
MA/MS 8.5% Restricted Stock 52.8%
MBA 26.5% Stock Appreciation Rights (SARs) 11.2%
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 3.2%
* Only includes those eligible for LTI
Parent 85.8% Yes 92.4%
Division 3.3% No 7.6%
Subsidiary 2.8%
Single Location 4.7%
Other 3.3%
Gender Long-Term Incentive Eligible
Degree Type of Long-term Incentives Received*
Type of Organization Where Employed Supervise Individuals
© 2013 Risk and Insurance Management Society, Inc. (RIMS) V - 4 US Data
2013 Risk Management Compensation Survey
Director - Business Continuity/Financial/IT Risk Management
Cash Compensation (All dollar amounts are displayed in USD $000s)
Scope
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
All Respondents 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
Ownership Type
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
Publicly Traded 10 $144.3 $130.0 $146.5 $153.0 8 $33.7 -- $29.0 -- 9 28.0% 25.0% 10 $171.3 $140.0 $168.8 $190.0 9.3 8.0
Private 6 $139.8 -- $144.5 -- 6 $29.7 -- $26.0 -- 4 -- -- 6 $169.5 -- $169.0 -- 16.2 15.0
Government 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Not-for-Profit 5 $148.5 -- $145.7 -- 4 -- -- -- -- 2 -- -- 5 $163.7 -- $153.5 -- 14.0 15.0
Other 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --
Revenue
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
Less than $100 Million 2 -- -- -- -- 2 -- -- -- -- 2 -- -- 2 -- -- -- -- -- --
$100 - $250 Million 2 -- -- -- -- 2 -- -- -- -- 1 -- -- 2 -- -- -- -- -- --
$250 - $500 Million 4 -- -- -- -- 2 -- -- -- -- 2 -- -- 4 -- -- -- -- -- --
$500 Million - $1 Billion 2 -- -- -- -- 2 -- -- -- -- 2 -- -- 2 -- -- -- -- -- --
$1 - $5 Billion 7 $145.2 -- $146.0 -- 6 $28.6 -- $26.0 -- 5 28.0% 25.0% 7 $169.6 -- $175.0 -- 13.9 14.0
$5 - $10 Billion 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --
Greater than $10 Billion 3 -- -- -- -- 3 -- -- -- -- 3 -- -- 3 -- -- -- -- -- --
Degree
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
High School/Associate Degree 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Bachelors 6 $143.3 -- $137.9 -- 5 $30.2 -- $20.0 -- 2 -- -- 6 $168.4 -- $151.8 -- 15.1 16.5
MA/MS 5 $164.6 -- $155.0 -- 5 $32.0 -- $28.0 -- 4 -- -- 5 $196.6 -- $183.0 -- 12.4 15.0
MBA 11 $130.5 $103.0 $140.0 $153.0 9 $25.7 -- $22.0 -- 10 27.0% 23.0% 11 $151.5 $113.0 $161.5 $176.0 10.7 10.0
JD 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Ph.D 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Supervisory Responsibility
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
No 3 -- -- -- -- 3 -- -- -- -- 2 -- -- 3 -- -- -- -- -- --
1 or Fewer 2 -- -- -- -- 2 -- -- -- -- 1 -- -- 2 -- -- -- -- -- --
From 1 to 3 5 $135.2 -- $130.0 -- 4 -- -- -- -- 3 -- -- 5 $160.8 -- $150.0 -- 13.2 14.0
From 3 to 5 6 $153.7 -- $147.2 -- 4 -- -- -- -- 5 27.0% 20.0% 6 $178.5 -- $171.5 -- 12.3 12.5
More than 5 2 -- -- -- -- 2 -- -- -- -- 2 -- -- 2 -- -- -- -- -- --
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.
Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt
© 2013 Risk and Insurance Management Society, Inc. (RIMS) V - 5 US Data
2013 Risk Management Compensation Survey
Director - Business Continuity/Financial/IT Risk ManagementCombination 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)
Scope
Industry
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
Agriculture 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Business/Info
Services/Consulting/Legal/Accounting0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Chemical/Pharmaceutical/Biotechnology 1 -- -- -- -- 1 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
Computer Software/Services 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Construction/Engineering/Architectural 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Education 1 -- -- -- -- 1 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
Energy 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Entertainment & Media 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Finance/Banking 4 -- -- -- -- 3 -- -- -- -- 4 -- -- 4 -- -- -- -- -- --
Government 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Healthcare 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --
Hospitality 3 -- -- -- -- 3 -- -- -- -- 3 -- -- 3 -- -- -- -- -- --
Insurance 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Mfg - Durable (includes Aerospace,
Computer/Office Equipment, Electronics)1 -- -- -- -- 0 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --
Mfg - Nondurable (includes Food, Paper & Allied
Products)2 -- -- -- -- 2 -- -- -- -- 1 -- -- 2 -- -- -- -- -- --
Mining/Milling/Smelting 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --
Not-for-Profit 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Real Estate 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --
Research & Development 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Retail 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --
Service 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Telecommunications 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --
Transportation 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Utilities 3 -- -- -- -- 2 -- -- -- -- 1 -- -- 3 -- -- -- -- -- --
Wholesale Distribution 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Other 2 -- -- -- -- 2 -- -- -- -- 1 -- -- 2 -- -- -- -- -- --
Regions (defined in Section I - 15)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
North East Region 6 $136.8 -- $147.9 -- 6 $32.0 -- $26.0 -- 4 -- -- 6 $168.8 -- $169.0 -- 15.7 15.0
Mid Atlantic Region 3 -- -- -- -- 3 -- -- -- -- 3 -- -- 3 -- -- -- -- -- --
South East Region 3 -- -- -- -- 1 -- -- -- -- 2 -- -- 3 -- -- -- -- -- --
Mississippi Valley Region 3 -- -- -- -- 3 -- -- -- -- 2 -- -- 3 -- -- -- -- -- --
Mountain Region 4 -- -- -- -- 3 -- -- -- -- 4 -- -- 4 -- -- -- -- -- --
Western Region 3 -- -- -- -- 3 -- -- -- -- 1 -- -- 3 -- -- -- -- -- --
Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt
© 2013 Risk and Insurance Management Society, Inc. (RIMS) V - 6 US Data
2013 Risk Management Compensation Survey
Director - Business Continuity/Financial/IT Risk ManagementCombination 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)
Scope
State
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
Cash Compensation (All dollar amounts are displayed in USD $000s)
Scope
Metro Area
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
No Breakdowns Available - Insufficient Sample Size
Yrs. In Risk MgmtTotal Cash CompensationTarget BonusBonus AmountBase Salary
No Breakdowns Available - Insufficient Sample Size
Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt
© 2013 Risk and Insurance Management Society, Inc. (RIMS) V - 7 US Data
2013 Risk Management Compensation Survey
Director - Business Continuity/Financial/IT Risk ManagementCombination 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.Respondent Characteristics
Male 72.7% Yes 36.4%
Female 27.3% No 63.6%
Did Not Indicate 0.0% Did Not Indicate 0.0%
High School/Associate Degree 0.0% Incentive Stock Options (ISOs) 0.0%
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 0.0%
* Only includes those eligible for LTI
Parent 77.3% Yes 86.4%
Division 4.5% No 13.6%
Subsidiary 4.5%
Single Location 13.6%
Other 0.0%
Long-Term Incentive Eligible
Degree Type of Long-term Incentives Received*
Type of Organization Where Employed Supervise Individuals
Gender
© 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
Cash Compensation (All dollar amounts are displayed in USD $000s)
Scope
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
All Respondents 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
Ownership Type
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
Publicly Traded 50 $150.4 $120.0 $147.5 $171.7 41 $30.0 $14.0 $28.0 $35.0 32 22.0% 20.0% 50 $175.0 $133.0 $166.5 $205.0 15.2 13.0
Private 31 $128.5 $106.0 $120.0 $150.0 23 $17.3 $7.0 $12.0 $24.0 16 19.0% 15.0% 31 $141.3 $110.0 $127.0 $163.0 15.0 12.0
Government 21 $110.1 $90.0 $112.0 $120.0 3 -- -- -- -- 1 -- -- 21 $110.4 $90.0 $113.6 $120.0 15.3 13.0
Not-for-Profit 19 $136.3 $120.0 $132.0 $154.0 13 $29.3 $9.6 $20.0 $30.0 8 14.0% 12.0% 19 $156.4 $131.1 $143.0 $178.0 12.4 10.0
Other 2 -- -- -- -- 2 -- -- -- -- 2 -- -- 2 -- -- -- -- -- --
Revenue
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
Less than $100 Million 10 $118.6 $105.0 $111.3 $123.5 5 $22.1 -- $17.0 -- 4 -- -- 10 $129.6 $105.0 $115.0 $129.7 16.7 15.0
$100 - $250 Million 6 $127.7 -- $120.5 -- 3 -- -- -- -- 2 -- -- 6 $138.3 -- $126.0 -- 11.3 8.5
$250 - $500 Million 12 $118.5 $104.0 $117.5 $128.0 9 $14.5 -- $8.0 -- 6 15.0% 13.0% 12 $129.3 $113.0 $121.0 $130.0 17.9 15.5
$500 Million - $1 Billion 16 $131.8 $105.5 $125.5 $157.5 6 $37.0 -- $10.0 -- 2 -- -- 16 $145.7 $108.5 $136.8 $162.5 13.0 11.0
$1 - $5 Billion 46 $139.9 $120.0 $132.5 $156.0 36 $21.3 $10.0 $20.0 $30.0 30 20.0% 20.0% 46 $156.5 $128.5 $155.5 $175.0 15.1 13.0
$5 - $10 Billion 9 $150.2 -- $157.2 -- 5 $39.0 -- $31.5 -- 6 23.0% 23.0% 9 $171.8 -- $185.0 -- 13.3 10.0
Greater than $10 Billion 13 $161.7 $145.0 $167.0 $180.0 12 $41.0 $26.1 $36.8 $63.9 6 21.0% 20.0% 13 $199.5 $155.0 $202.5 $250.0 14.5 12.0
Degree
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
High School/Associate Degree 3 -- -- -- -- 2 -- -- -- -- 2 -- -- 3 -- -- -- -- -- --
Bachelors 50 $134.7 $115.0 $127.5 $155.0 37 $22.4 $9.0 $19.0 $30.0 29 20.0% 20.0% 50 $151.2 $120.1 $143.0 $167.0 13.8 12.5
MA/MS 18 $129.8 $112.7 $120.0 $132.0 10 $21.2 $9.0 $17.0 $25.0 7 18.0% 20.0% 18 $141.6 $120.0 $131.6 $144.0 15.6 16.5
MBA 37 $140.4 $114.0 $135.0 $162.0 24 $25.9 $9.0 $16.0 $40.3 18 17.0% 15.0% 37 $157.2 $120.0 $135.0 $202.0 14.4 12.0
JD 9 $135.6 -- $130.0 -- 4 -- -- -- -- 1 -- -- 9 $157.6 -- $150.0 -- 12.6 8.0
Ph.D 1 -- -- -- -- 1 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
Supervisory Responsibility
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
No 25 $123.9 $100.0 $120.0 $144.5 16 $16.8 $8.5 $12.0 $29.0 10 17.0% 18.0% 25 $134.6 $107.6 $129.0 $163.0 11.2 9.0
1 or Fewer 18 $135.1 $112.7 $127.5 $155.0 12 $18.1 $8.2 $15.5 $27.5 11 18.0% 15.0% 18 $147.1 $120.0 $134.1 $162.0 15.9 12.5
From 1 to 3 31 $140.4 $120.0 $135.0 $161.2 21 $32.4 $6.0 $30.0 $45.0 16 20.0% 19.0% 31 $162.3 $121.0 $155.0 $200.0 13.6 12.0
From 3 to 5 21 $148.4 $120.0 $135.0 $160.0 16 $33.1 $16.0 $25.0 $47.1 11 22.0% 25.0% 21 $173.6 $121.0 $166.0 $202.5 18.4 15.0
More than 5 15 $135.7 $112.0 $130.0 $159.0 9 $21.1 -- $24.0 -- 6 23.0% 20.0% 15 $148.3 $113.6 $143.0 $189.0 18.6 20.0
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.
Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt
© 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 IntelligenceCombination 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)
Scope
Industry
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
Agriculture 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Business/Info
Services/Consulting/Legal/Accounting1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --
Chemical/Pharmaceutical/Biotechnology 6 $144.7 -- $146.0 -- 5 $26.4 -- $30.0 -- 6 22.0% 20.0% 6 $166.7 -- $166.5 -- 12.0 13.0
Computer Software/Services 4 -- -- -- -- 3 -- -- -- -- 1 -- -- 4 -- -- -- -- -- --
Construction/Engineering/Architectural 2 -- -- -- -- 0 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --
Education 4 -- -- -- -- 0 -- -- -- -- 0 -- -- 4 -- -- -- -- -- --
Energy 5 $123.4 -- $112.0 -- 5 $8.8 -- $9.0 -- 2 -- -- 5 $132.2 -- $115.5 -- 11.8 10.0
Entertainment & Media 2 -- -- -- -- 2 -- -- -- -- 2 -- -- 2 -- -- -- -- -- --
Finance/Banking 10 $148.4 $120.0 $122.3 $180.0 7 $33.4 -- $30.0 -- 3 -- -- 10 $171.8 $123.5 $141.5 $246.0 9.2 6.0
Government 9 $110.8 -- $110.0 -- 1 -- -- -- -- 0 -- -- 9 $111.3 -- $115.0 -- 16.6 15.0
Healthcare 8 $138.3 -- $133.5 -- 4 -- -- -- -- 2 -- -- 8 $162.0 -- $139.0 -- 17.5 17.5
Hospitality 3 -- -- -- -- 3 -- -- -- -- 2 -- -- 3 -- -- -- -- -- --
Insurance 15 $121.0 $106.0 $120.0 $135.0 10 $16.7 $8.4 $16.0 $26.0 10 16.0% 16.0% 15 $132.1 $106.0 $129.6 $165.0 10.1 5.0
Mfg - Durable (includes Aerospace,
Computer/Office Equipment, Electronics)14 $142.4 $106.0 $146.5 $160.0 11 $23.6 $10.0 $17.0 $40.5 7 19.0% 20.0% 14 $160.9 $133.0 $158.5 $200.0 18.3 17.5
Mfg - Nondurable (includes Food, Paper & Allied
Products)5 $124.0 -- $118.0 -- 5 $14.0 -- $12.0 -- 2 -- -- 5 $138.0 -- $127.0 -- 19.2 23.0
Mining/Milling/Smelting 2 -- -- -- -- 2 -- -- -- -- 2 -- -- 2 -- -- -- -- -- --
Not-for-Profit 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Real Estate 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --
Research & Development 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Retail 6 $139.5 -- $138.5 -- 5 $17.1 -- $10.0 -- 5 19.0% 20.0% 6 $153.8 -- $147.3 -- 13.7 14.0
Service 3 -- -- -- -- 1 -- -- -- -- 0 -- -- 3 -- -- -- -- -- --
Telecommunications 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --
Transportation 6 $142.5 -- $156.3 -- 4 -- -- -- -- 3 -- -- 6 $176.7 -- $176.3 -- 17.3 19.5
Utilities 9 $130.3 -- $120.0 -- 6 $13.7 -- $9.5 -- 5 12.0% 12.0% 9 $139.4 -- $129.0 -- 10.6 9.0
Wholesale Distribution 4 -- -- -- -- 3 -- -- -- -- 3 -- -- 4 -- -- -- -- -- --
Other 3 -- -- -- -- 2 -- -- -- -- 1 -- -- 3 -- -- -- -- -- --
Regions (defined in Section I - 15)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
North East Region 19 $140.9 $120.0 $130.0 $167.0 13 $19.5 $9.0 $20.0 $30.0 13 15.0% 15.0% 19 $154.2 $125.0 $132.0 $192.7 9.2 7.0
Mid Atlantic Region 10 $140.9 $110.0 $125.0 $180.0 6 $39.9 -- $43.5 -- 2 -- -- 10 $164.9 $119.0 $126.3 $243.0 15.9 11.5
South East Region 13 $126.8 $93.0 $120.0 $128.0 6 $17.2 -- $18.5 -- 4 -- -- 13 $134.8 $101.4 $120.0 $140.0 15.1 10.0
Mississippi Valley Region 24 $132.3 $108.5 $126.8 $155.5 19 $25.7 $10.0 $25.0 $35.0 14 23.0% 20.0% 24 $152.7 $121.8 $142.1 $179.0 11.8 10.0
Mountain Region 17 $130.7 $114.0 $130.0 $155.0 12 $16.7 $8.0 $11.0 $21.5 5 11.0% 10.0% 17 $142.5 $123.0 $135.0 $163.0 16.5 15.0
Western Region 40 $137.7 $112.3 $132.5 $153.6 26 $29.7 $10.0 $22.0 $40.0 21 22.0% 20.0% 40 $157.0 $117.3 $149.8 $194.0 17.3 20.0
Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt
© 2013 Risk and Insurance Management Society, Inc. (RIMS) V - 10 US Data
2013 Risk Management Compensation Survey
Director - Enterprise Risk Management (ERM)/Strategic Risk Management / Risk IntelligenceCombination 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)
Scope
State
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
CA 18 $148.6 $120.0 $146.3 $171.7 13 $27.1 $10.0 $19.0 $30.0 11 25.0% 25.0% 18 $168.2 $129.7 $157.5 $210.0 20.7 22.0
FL 5 $150.0 -- $120.0 -- 2 -- -- -- -- 1 -- -- 5 $159.4 -- $120.0 -- 18.4 15.0
NY 8 $140.5 -- $120.0 -- 6 $19.3 -- $21.0 -- 5 17.0% 17.0% 8 $155.0 -- $130.3 -- 8.0 6.0
OH 7 $133.9 -- $130.0 -- 5 $23.0 -- $14.1 -- 6 28.0% 20.0% 7 $150.3 -- $130.0 -- 12.9 14.0
TX 10 $129.6 $114.0 $125.0 $154.0 7 $18.4 -- $10.0 -- 2 -- -- 10 $142.5 $123.0 $133.5 $160.0 14.6 11.5
WA 13 $125.8 $106.0 $125.0 $135.0 7 $27.2 -- $26.0 -- 6 19.0% 20.0% 13 $140.4 $107.6 $135.0 $156.0 13.4 14.0
Cash Compensation (All dollar amounts are displayed in USD $000s)
Scope
Metro Area
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
New York-Northern New Jersey-Long Island, NY-
NJ-CT-PA12 $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
San Diego, CA 5 $141.7 -- $147.0 -- 5 $33.3 -- $20.0 -- 5 27.0% 25.0% 5 $175.0 -- $166.0 -- 18.8 13.0
San Francisco-Oakland-San Jose, CA 8 $158.2 -- $146.8 -- 5 $24.4 -- $14.0 -- 3 -- -- 8 $173.4 -- $158.5 -- 24.4 25.0
Seattle-Tacoma-Bremerton, WA 9 $131.8 -- $130.0 -- 5 $31.9 -- $30.0 -- 4 -- -- 9 $149.5 -- $135.0 -- 12.4 7.5
Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt
Target Bonus Total Cash Compensation Yrs. In Risk MgmtBase Salary Bonus Amount
© 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 IntelligenceCombination 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.Respondent Characteristics
Male 59.3% Yes 35.0%
Female 39.8% No 65.0%
Did Not Indicate 0.8% Did Not Indicate 0.0%
High School/Associate Degree 2.4% Incentive Stock Options (ISOs) 30.2%
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 9.3%
* Only includes those eligible for LTI
Parent 69.9% Yes 79.7%
Division 8.9% No 20.3%
Subsidiary 5.7%
Single Location 8.1%
Other 7.3%
Gender Long-Term Incentive Eligible
Degree Type of Long-term Incentives Received*
Type of Organization Where Employed Supervise Individuals
© 2013 Risk and Insurance Management Society, Inc. (RIMS) V - 12 US Data
2013 Risk Management Compensation Survey
Director - Insurance and Risk Management
Cash Compensation (All dollar amounts are displayed in USD $000s)
Scope
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
All Respondents 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
Ownership Type
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
Publicly Traded 346 $148.2 $120.0 $145.0 $171.0 284 $39.6 $20.0 $32.0 $50.0 223 25.0% 25.0% 346 $180.7 $138.0 $170.0 $210.0 20.1 20.0
Private 229 $128.4 $105.0 $124.0 $145.0 160 $27.0 $10.0 $19.0 $33.8 100 22.0% 20.0% 229 $147.3 $113.0 $138.0 $165.0 18.8 20.0
Government 101 $106.5 $94.0 $103.0 $120.0 9 $15.7 -- $4.0 -- 2 -- -- 101 $107.9 $94.0 $103.0 $122.0 22.5 22.5
Not-for-Profit 77 $122.8 $98.0 $119.2 $145.0 30 $14.3 $3.8 $13.3 $19.7 18 11.0% 10.0% 77 $128.3 $101.9 $122.8 $150.0 20.1 20.0
Other 17 $105.4 $88.0 $102.0 $120.0 10 $21.2 $4.5 $27.2 $33.0 5 23.0% 30.0% 17 $117.9 $97.0 $119.0 $137.0 19.4 18.0
Revenue
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
Less than $100 Million 51 $105.5 $90.0 $102.0 $118.0 17 $12.2 $5.0 $7.5 $15.0 12 14.0% 15.0% 51 $109.6 $94.0 $105.0 $130.0 19.1 20.0
$100 - $250 Million 53 $112.5 $89.0 $105.0 $125.0 25 $17.6 $9.0 $10.1 $20.0 12 18.0% 16.0% 53 $120.8 $89.0 $113.0 $140.0 18.3 20.0
$250 - $500 Million 71 $116.1 $95.0 $107.4 $132.0 36 $29.1 $9.5 $19.5 $33.5 23 20.0% 20.0% 71 $130.9 $96.0 $116.0 $149.7 19.3 20.0
$500 Million - $1 Billion 103 $119.1 $100.0 $115.0 $130.0 53 $25.5 $10.0 $16.0 $30.0 40 16.0% 15.0% 103 $132.2 $103.0 $123.1 $150.0 19.6 20.0
$1 - $5 Billion 225 $134.1 $115.0 $131.0 $151.3 160 $29.6 $15.0 $23.3 $37.3 109 24.0% 20.0% 225 $155.1 $124.0 $150.0 $175.0 20.8 21.0
$5 - $10 Billion 92 $147.4 $129.0 $145.3 $170.5 74 $34.5 $16.0 $29.0 $48.0 60 26.0% 20.0% 92 $175.2 $140.0 $162.5 $205.5 21.1 21.8
Greater than $10 Billion 143 $165.7 $132.7 $157.0 $190.0 116 $49.8 $25.0 $43.0 $62.0 86 28.0% 25.0% 143 $206.1 $155.0 $196.0 $231.3 20.7 20.0
Degree
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
High School/Associate Degree 46 $122.3 $94.0 $111.5 $147.0 27 $32.4 $10.0 $20.0 $43.0 19 28.0% 25.0% 46 $141.3 $94.0 $131.4 $168.0 21.7 22.0
Bachelors 372 $133.1 $105.5 $130.0 $150.0 242 $32.4 $13.0 $25.0 $42.0 169 24.0% 20.0% 372 $154.2 $113.3 $144.5 $180.0 20.5 20.0
MA/MS 66 $118.8 $101.0 $116.7 $134.0 33 $25.2 $10.0 $20.0 $40.0 18 25.0% 22.0% 66 $131.4 $107.4 $123.0 $151.6 20.4 21.0
MBA 204 $141.2 $111.5 $135.0 $163.2 151 $37.2 $15.0 $30.0 $48.0 111 23.0% 20.0% 204 $168.7 $121.3 $155.0 $203.0 19.5 20.0
JD 50 $140.7 $105.0 $133.5 $170.0 23 $31.9 $8.0 $22.0 $39.0 20 20.0% 20.0% 50 $155.4 $112.8 $140.5 $178.0 16.7 15.5
Ph.D 3 -- -- -- -- 2 -- -- -- -- 1 -- -- 3 -- -- -- -- -- --
Supervisory Responsibility
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
No 135 $119.7 $100.0 $115.0 $140.0 87 $24.1 $7.8 $20.0 $36.0 55 20.0% 18.0% 135 $135.2 $105.0 $126.0 $155.0 18.7 20.0
1 or Fewer 110 $127.6 $100.0 $121.7 $145.0 79 $33.4 $14.8 $25.0 $43.0 56 23.0% 20.0% 110 $151.6 $105.0 $138.0 $175.0 18.5 18.5
From 1 to 3 230 $135.1 $110.0 $131.0 $157.0 144 $32.4 $14.5 $26.9 $44.1 107 25.0% 20.0% 230 $155.4 $116.0 $148.5 $185.0 20.5 20.0
From 3 to 5 132 $143.7 $114.0 $134.2 $161.0 86 $35.8 $12.5 $25.0 $47.6 60 25.0% 20.0% 132 $167.1 $121.4 $149.7 $204.3 21.0 21.5
More than 5 105 $138.7 $105.0 $131.0 $165.0 61 $41.5 $16.0 $30.0 $45.0 42 24.0% 25.0% 105 $162.8 $112.8 $150.0 $197.0 20.3 20.0
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.
Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt
© 2013 Risk and Insurance Management Society, Inc. (RIMS) V - 13 US Data
2013 Risk Management Compensation Survey
Director - Insurance and Risk ManagementDescription 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)
Scope
Industry
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
Agriculture 11 $135.5 $91.0 $121.0 $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
Business/Info
Services/Consulting/Legal/Accounting7 $164.8 -- $165.0 -- 6 $49.2 -- $35.5 -- 3 -- -- 7 $207.0 -- $197.1 -- 17.6 16.0
Chemical/Pharmaceutical/Biotechnology 34 $143.8 $120.0 $138.0 $168.0 29 $38.7 $24.0 $33.8 $45.0 24 27.0% 24.0% 34 $176.7 $137.0 $165.5 $210.0 19.4 18.5
Computer Software/Services 8 $143.9 -- $146.5 -- 6 $27.5 -- $23.5 -- 4 -- -- 8 $164.5 -- $157.0 -- 18.6 20.0
Construction/Engineering/Architectural 30 $133.6 $105.0 $125.5 $135.0 21 $21.7 $8.3 $10.0 $20.0 11 23.0% 25.0% 30 $148.8 $107.5 $133.3 $160.0 19.6 20.0
Education 51 $115.9 $97.7 $118.0 $126.4 6 $6.0 -- $4.3 -- 1 -- -- 51 $116.6 $97.7 $119.0 $128.0 22.6 24.0
Energy 38 $152.7 $125.0 $150.0 $175.0 29 $49.2 $25.0 $45.0 $75.0 17 26.0% 30.0% 38 $190.2 $132.0 $195.5 $225.0 21.0 21.8
Entertainment & Media 15 $151.8 $110.0 $140.0 $180.0 13 $40.5 $20.0 $28.0 $50.0 7 24.0% 20.0% 15 $186.9 $116.0 $166.6 $230.0 19.9 18.0
Finance/Banking 32 $150.0 $109.5 $134.2 $172.5 29 $42.6 $20.0 $31.0 $55.0 15 24.0% 20.0% 32 $188.6 $132.5 $167.7 $224.1 20.3 22.0
Government 67 $103.5 $87.0 $100.0 $116.0 6 $19.6 -- $2.3 -- 0 -- -- 67 $105.2 $87.0 $100.0 $117.5 22.3 22.0
Healthcare 42 $132.3 $104.0 $125.5 $151.0 30 $21.0 $8.8 $16.3 $26.0 19 13.0% 10.0% 42 $147.3 $113.5 $130.0 $179.3 18.7 19.5
Hospitality 22 $122.6 $100.0 $117.4 $140.0 18 $23.3 $10.0 $18.5 $28.0 14 23.0% 20.0% 22 $141.6 $110.0 $133.5 $155.0 17.1 15.5
Insurance 24 $128.7 $99.0 $134.5 $137.5 14 $34.3 $12.5 $20.0 $35.0 8 17.0% 16.0% 24 $148.7 $102.5 $137.9 $168.3 18.1 19.0
Mfg - Durable (includes Aerospace,
Computer/Office Equipment, Electronics)68 $146.0 $119.0 $145.0 $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
Mfg - Nondurable (includes Food, Paper & Allied
Products)50 $144.4 $118.0 $140.0 $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
Mining/Milling/Smelting 6 $165.7 -- $167.0 -- 5 $43.2 -- $37.5 -- 5 32.0% 30.0% 6 $201.7 -- $190.0 -- 21.0 22.0
Not-for-Profit 14 $113.4 $82.0 $102.5 $138.0 3 -- -- -- -- 2 -- -- 14 $114.8 $85.0 $102.5 $150.0 19.2 18.0
Real Estate 40 $138.1 $116.0 $131.4 $160.0 29 $26.6 $15.0 $21.0 $31.5 19 20.0% 20.0% 40 $157.3 $129.0 $150.0 $176.0 18.3 19.0
Research & Development 2 -- -- -- -- 0 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --
Retail 48 $136.1 $117.0 $133.0 $150.0 35 $31.0 $15.0 $25.0 $49.6 36 25.0% 20.0% 48 $158.7 $127.5 $152.5 $180.0 20.5 21.0
Service 15 $120.2 $93.0 $110.0 $145.0 10 $17.0 $10.0 $14.6 $25.0 7 24.0% 15.0% 15 $131.5 $96.0 $111.0 $175.0 20.1 20.0
Telecommunications 15 $139.7 $116.0 $143.2 $164.4 12 $23.3 $7.5 $22.5 $31.0 10 19.0% 20.0% 15 $158.4 $131.0 $151.5 $175.5 17.2 17.0
Transportation 34 $115.5 $96.0 $110.5 $133.0 21 $31.3 $9.0 $20.0 $41.2 16 20.0% 19.0% 34 $134.8 $100.0 $123.0 $156.2 16.7 18.0
Utilities 29 $137.9 $105.0 $133.5 $168.0 19 $43.6 $17.0 $35.0 $54.0 18 30.0% 20.0% 29 $166.4 $105.0 $151.0 $193.0 20.7 22.0
Wholesale Distribution 13 $134.6 $110.0 $130.0 $155.0 10 $28.9 $20.9 $31.3 $40.0 8 25.0% 27.0% 13 $156.8 $133.0 $151.0 $163.0 25.8 25.0
Other 55 $133.8 $105.0 $123.0 $150.0 42 $33.2 $10.0 $22.7 $45.0 25 21.0% 15.0% 55 $159.1 $110.0 $143.0 $191.3 19.9 20.0
Regions (defined in Section I - 15)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
North East Region 141 $154.5 $124.0 $145.0 $180.0 102 $40.8 $19.0 $30.0 $52.0 69 26.0% 22.0% 141 $184.0 $137.7 $173.6 $210.0 20.4 20.0
Mid Atlantic Region 91 $132.0 $113.0 $130.0 $148.0 59 $29.6 $8.5 $24.0 $45.0 38 22.0% 20.0% 91 $151.3 $117.0 $147.2 $170.0 21.3 22.0
South East Region 119 $123.2 $97.0 $116.0 $145.0 68 $33.1 $11.3 $24.5 $40.0 45 24.0% 20.0% 119 $142.1 $100.0 $132.0 $171.0 20.5 20.0
Mississippi Valley Region 161 $130.0 $105.0 $125.0 $145.0 111 $30.5 $12.5 $25.0 $41.2 90 24.0% 20.0% 161 $151.0 $113.0 $142.0 $175.1 19.8 20.0
Mountain Region 135 $126.4 $97.7 $120.0 $150.0 85 $35.1 $12.0 $25.0 $45.0 56 20.0% 20.0% 135 $148.5 $103.0 $128.0 $175.0 19.9 20.0
Western Region 123 $132.1 $100.0 $129.1 $160.0 68 $26.8 $10.0 $20.0 $37.0 50 23.0% 20.0% 123 $146.9 $105.0 $135.0 $170.0 18.7 18.0
Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt
© 2013 Risk and Insurance Management Society, Inc. (RIMS) V - 14 US Data
2013 Risk Management Compensation Survey
Director - Insurance and Risk ManagementDescription 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)
Scope
State
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
AL 10 $126.5 $106.0 $121.5 $132.0 6 $19.4 -- $18.0 -- 3 -- -- 10 $138.2 $118.0 $129.2 $145.0 21.1 21.5
AZ 12 $124.8 $107.5 $127.5 $142.2 7 $28.7 -- $17.0 -- 6 25.0% 20.0% 12 $141.6 $109.3 $141.5 $157.5 19.8 17.0
CA 72 $143.5 $114.5 $136.7 $164.0 39 $32.6 $15.0 $27.2 $47.0 27 22.0% 25.0% 72 $161.2 $119.5 $153.2 $201.0 18.9 20.0
CO 32 $111.1 $94.5 $104.6 $124.0 15 $21.5 $12.0 $15.0 $33.0 14 17.0% 17.0% 32 $121.2 $96.3 $114.1 $132.0 19.4 20.0
CT 25 $158.4 $120.0 $151.0 $176.4 21 $37.2 $20.0 $30.0 $47.6 15 29.0% 25.0% 25 $189.7 $142.7 $170.0 $210.0 24.6 25.0
FL 51 $119.6 $97.0 $113.0 $133.0 24 $26.4 $14.3 $22.2 $33.8 19 24.0% 20.0% 51 $132.0 $98.0 $116.0 $164.0 21.5 22.0
GA 19 $143.1 $95.0 $146.4 $177.0 13 $67.8 $40.0 $55.2 $67.0 10 31.0% 30.0% 19 $189.4 $122.0 $182.0 $245.0 22.4 23.0
IA 5 $124.6 -- $122.0 -- 4 -- -- -- -- 3 -- -- 5 $135.8 -- $137.0 -- 16.6 15.0
IL 54 $141.7 $113.0 $141.5 $164.4 36 $37.0 $14.5 $28.0 $55.8 31 24.0% 25.0% 54 $166.4 $122.5 $151.5 $204.0 20.4 20.0
IN 7 $105.4 -- $105.0 -- 2 -- -- -- -- 2 -- -- 7 $108.4 -- $107.5 -- 17.8 15.0
KY 5 $109.4 -- $116.0 -- 2 -- -- -- -- 0 -- -- 5 $115.0 -- $116.9 -- 25.2 25.0
LA 6 $116.8 -- $116.5 -- 3 -- -- -- -- 0 -- -- 6 $124.8 -- $124.3 -- 18.3 20.0
MA 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
MI 11 $151.4 $112.0 $145.0 $182.0 8 $43.9 -- $33.5 -- 7 39.0% 40.0% 11 $183.4 $137.0 $188.0 $200.0 23.5 23.0
MN 16 $133.9 $116.0 $131.0 $147.5 14 $26.4 $11.5 $27.5 $35.0 10 25.0% 25.0% 16 $157.0 $130.3 $146.5 $180.0 22.1 23.0
MO 14 $113.1 $90.0 $109.5 $126.0 8 $21.9 -- $19.5 -- 8 22.0% 20.0% 14 $125.6 $108.0 $119.5 $140.0 21.2 22.0
NC 19 $130.8 $120.0 $126.0 $135.0 13 $19.5 $8.5 $15.0 $30.0 7 25.0% 16.0% 19 $144.2 $125.0 $145.0 $168.8 23.2 23.0
NJ 37 $149.2 $135.0 $145.0 $172.0 29 $40.1 $20.0 $30.0 $50.0 23 28.0% 25.0% 37 $180.7 $149.0 $175.0 $197.1 19.2 17.0
NV 6 $109.9 -- $112.5 -- 4 -- -- -- -- 4 -- -- 6 $122.5 -- $117.5 -- 10.7 11.5
NY 57 $163.5 $130.0 $155.0 $200.0 38 $45.5 $19.0 $31.0 $60.0 20 24.0% 23.0% 57 $193.8 $138.0 $184.0 $225.0 20.1 20.0
OH 29 $123.6 $110.0 $123.4 $135.9 21 $32.4 $17.0 $31.0 $48.0 15 18.0% 20.0% 29 $147.1 $130.0 $140.0 $166.6 18.1 19.0
OR 15 $107.1 $94.5 $100.0 $125.6 9 $12.3 -- $10.0 -- 5 15.0% 13.0% 15 $114.5 $98.0 $105.0 $135.0 17.8 18.0
PA 32 $138.0 $119.5 $135.8 $150.0 22 $37.9 $24.0 $34.5 $48.0 16 22.0% 20.0% 32 $164.1 $126.5 $161.5 $190.0 19.9 20.0
RI 5 $154.3 -- $156.0 -- 4 -- -- -- -- 3 -- -- 5 $199.7 -- $211.0 -- 22.6 18.0
SC 9 $102.4 -- $88.0 -- 4 -- -- -- -- 2 -- -- 9 $108.9 -- $92.5 -- 18.1 20.0
TN 24 $122.9 $92.0 $123.0 $135.0 18 $28.5 $10.0 $24.5 $39.0 11 18.0% 20.0% 24 $144.3 $98.5 $135.0 $168.0 18.3 18.5
TX 79 $137.7 $107.4 $130.0 $154.0 55 $40.7 $15.0 $26.9 $49.6 29 22.0% 20.0% 79 $166.0 $115.0 $150.0 $202.0 21.0 21.5
UT 7 $121.9 -- $99.9 -- 5 $31.3 -- $25.0 -- 4 -- -- 7 $144.3 -- $124.9 -- 15.3 18.0
VA 23 $129.4 $100.0 $124.0 $148.0 16 $31.1 $3.6 $14.0 $44.5 13 19.0% 16.0% 23 $151.1 $100.0 $138.0 $180.5 21.3 24.0
WA 11 $121.1 $100.0 $111.0 $133.0 4 -- -- -- -- 4 -- -- 11 $128.3 $100.0 $122.0 $154.0 22.1 26.0
WI 21 $116.5 $94.7 $115.0 $134.0 15 $20.6 $7.5 $20.0 $27.0 11 20.0% 20.0% 21 $131.2 $97.0 $119.0 $163.0 17.9 16.0
Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt
© 2013 Risk and Insurance Management Society, Inc. (RIMS) V - 15 US Data
2013 Risk Management Compensation Survey
Director - Insurance and Risk ManagementDescription 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)
Scope
Metro Area
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
Atlanta, GA 18 $147.3 $105.0 $149.7 $177.0 13 $67.8 $40.0 $55.2 $67.0 10 31.0% 30.0% 18 $196.3 $133.0 $189.0 $245.0 22.5 23.5
Austin-San Marcos, TX 7 $111.9 -- $104.5 -- 4 -- -- -- -- 2 -- -- 7 $125.1 -- $105.0 -- 14.9 16.0
Birmingham, AL 7 $131.9 -- $125.0 -- 6 $19.4 -- $18.0 -- 3 -- -- 7 $148.5 -- $141.0 -- 19.4 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 10 $128.6 $116.0 $124.2 $134.8 8 $19.2 -- $16.0 -- 7 25.0% 16.0% 10 $144.0 $122.9 $147.5 $158.3 20.0 24.0
Chicago-Gary-Kenosha, IL-IN-WI 47 $141.3 $113.0 $138.0 $164.4 32 $33.1 $12.0 $25.0 $50.0 28 24.0% 25.0% 47 $163.8 $122.5 $150.0 $204.0 20.9 20.0
Cincinnati-Hamilton, OH-KY-IN 6 $118.0 -- $117.7 -- 4 -- -- -- -- 2 -- -- 6 $135.9 -- $128.9 -- 16.3 16.5
Cleveland-Akron, OH 9 $118.9 -- $125.0 -- 8 $30.4 -- $29.5 -- 5 19.0% 20.0% 9 $146.0 -- $158.0 -- 17.8 17.0
Columbus, OH 8 $138.4 -- $135.0 -- 5 $35.9 -- $42.0 -- 5 20.0% 20.0% 8 $160.9 -- $140.5 -- 20.8 19.5
Dallas-Fort Worth, TX 34 $135.7 $110.0 $128.5 $150.0 29 $37.1 $11.2 $25.0 $46.3 15 19.0% 20.0% 34 $167.4 $122.9 $147.9 $195.0 18.9 20.0
Denver-Boulder-Greeley, CO 27 $114.5 $95.0 $109.0 $131.0 11 $21.9 $12.0 $15.0 $40.0 11 18.0% 18.0% 27 $123.4 $96.0 $118.0 $143.0 19.7 20.0
Detroit-Ann Arbor-Flint, MI 6 $162.7 -- $148.5 -- 5 $57.3 -- $43.0 -- 4 -- -- 6 $210.5 -- $191.0 -- 22.7 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 6 $97.5 -- $85.0 -- 3 -- -- -- -- 1 -- -- 6 $103.3 -- $90.4 -- 18.0 19.0
Hartford, CT 5 $120.2 -- $120.0 -- 3 -- -- -- -- 3 -- -- 5 $133.9 -- $142.7 -- 24.2 29.0
Houston-Galveston-Brazoria, TX 28 $152.3 $117.5 $150.0 $177.0 17 $55.6 $25.0 $45.0 $100.0 8 30.0% 25.0% 28 $186.1 $121.0 $170.0 $224.5 24.1 25.0
Jacksonville, FL 8 $109.9 -- $106.5 -- 7 $35.0 -- $21.5 -- 7 28.0% 17.0% 8 $140.6 -- $116.3 -- 15.5 17.5
Kansas City, MO-KS 8 $99.4 -- $98.7 -- 5 $15.4 -- $18.0 -- 5 19.0% 20.0% 8 $109.0 -- $105.2 -- 19.1 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 6 $123.4 -- $123.0 -- 5 $25.5 -- $30.0 -- 2 -- -- 6 $144.7 -- $135.0 -- 18.3 17.0
Miami-Fort Lauderdale, FL 11 $124.8 $105.0 $120.0 $145.0 6 $21.1 -- $22.5 -- 3 -- -- 11 $136.3 $105.0 $140.0 $163.5 24.5 25.0
Milwaukee-Racine, WI 12 $118.4 $91.6 $111.0 $138.9 9 $21.1 -- $24.0 -- 7 18.0% 20.0% 12 $134.2 $98.6 $124.5 $170.2 18.2 16.5
Minneapolis-St. Paul, MN-WI 16 $133.9 $116.0 $131.0 $147.5 14 $26.4 $11.5 $27.5 $35.0 10 25.0% 25.0% 16 $157.0 $130.3 $146.5 $180.0 22.1 23.0
Nashville, TN 14 $128.9 $82.0 $127.5 $147.5 10 $32.4 $5.0 $27.5 $43.0 7 17.0% 20.0% 14 $152.0 $87.0 $146.5 $177.5 19.4 19.5
New York-Northern New Jersey-Long Island, NY-
NJ-CT-PA101 $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
Orlando, FL 5 $117.7 -- $113.0 -- 3 -- -- -- -- 1 -- -- 5 $130.5 -- $113.0 -- 24.0 22.0
Philadelphia-Wilmington-Atlantic City, PA-NJ-DE-
MD21 $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
Phoenix, AZ 10 $124.2 $105.0 $120.0 $149.3 6 $30.7 -- $27.5 -- 5 27.0% 20.0% 10 $142.6 $105.0 $142.2 $160.0 19.3 17.0
Pittsburgh, PA 10 $146.1 $139.5 $150.0 $159.0 8 $52.3 -- $54.0 -- 6 26.0% 28.0% 10 $188.0 $165.0 $199.9 $218.0 17.5 17.0
Portland-Salem, OR-WA 15 $107.7 $94.5 $103.0 $125.6 9 $12.3 -- $10.0 -- 5 15.0% 13.0% 15 $115.1 $99.6 $107.0 $135.0 19.2 18.0
Providence-Fall River-Warwick, RI-MA 5 $154.3 -- $156.0 -- 4 -- -- -- -- 3 -- -- 5 $199.7 -- $211.0 -- 22.6 18.0
Raleigh-Durham-Chapel Hill, NC 6 $130.0 -- $131.5 -- 4 -- -- -- -- 1 -- -- 6 $145.2 -- $140.4 -- 23.0 21.5
Richmond-Petersburg, VA 7 $144.0 -- $130.0 -- 6 $40.2 -- $15.6 -- 4 -- -- 7 $178.5 -- $147.2 -- 23.4 26.0
Salt Lake City-Ogden, UT 6 $131.4 -- $112.5 -- 5 $31.3 -- $25.0 -- 4 -- -- 6 $157.5 -- $135.0 -- 16.5 18.5
San Antonio, TX 8 $131.4 -- $135.0 -- 5 $24.5 -- $24.5 -- 4 -- -- 8 $146.7 -- $150.0 -- 24.0 25.5
San Diego, CA 8 $124.2 -- $118.0 -- 3 -- -- -- -- 1 -- -- 8 $129.8 -- $121.2 -- 21.3 20.5
San Francisco-Oakland-San Jose, CA 25 $153.6 $126.0 $160.0 $180.0 14 $37.0 $18.3 $32.0 $55.0 12 23.0% 23.0% 25 $174.3 $126.0 $165.0 $213.1 16.6 18.0
Seattle-Tacoma-Bremerton, WA 10 $122.5 $100.0 $118.0 $133.0 4 -- -- -- -- 4 -- -- 10 $130.5 $100.0 $123.5 $154.0 21.6 25.5
St. Louis, MO-IL 8 $122.7 -- $122.5 -- 5 $23.5 -- $19.0 -- 5 23.0% 20.0% 8 $137.4 -- $133.9 -- 21.3 23.5
Total Cash Compensation Yrs. In Risk MgmtBase Salary Bonus Amount Target Bonus
© 2013 Risk and Insurance Management Society, Inc. (RIMS) V - 16 US Data
2013 Risk Management Compensation Survey
Director - Insurance and Risk ManagementDescription 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)
Scope
Metro Area
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
Tampa-St. Petersburg-Clearwater, FL 8 $130.3 -- $116.4 -- 4 -- -- -- -- 3 -- -- 8 $146.6 -- $142.6 -- 20.5 20.5
Washington-Baltimore, DC-MD-VA-WV 23 $131.4 $101.0 $130.0 $150.0 13 $26.9 $5.0 $16.0 $30.0 10 21.0% 18.0% 23 $146.7 $106.0 $133.0 $170.0 17.9 16.0
West Palm Beach-Boca Raton, FL 9 $109.6 -- $103.0 -- 1 -- -- -- -- 1 -- -- 9 $110.3 -- $103.0 -- 24.3 26.0
Respondent Characteristics
Male 63.6% Yes 39.9%
Female 34.9% No 59.9%
Did Not Indicate 1.4% Did Not Indicate 0.3%
High School/Associate Degree 6.0% Incentive Stock Options (ISOs) 25.1%
Bachelors 48.3% Non-Qualified Stock Options (NQSOs) 18.9%
MA/MS 8.6% Restricted Stock 52.4%
MBA 26.5% Stock Appreciation Rights (SARs) 6.8%
JD 6.5% Performance Shares 12.4%
MD 0.1% Performance Units 8.5%
Ph.D 0.4% Long-Term Cash 11.4%
Other 3.6% None of the Above Received 5.9%
* Only includes those eligible for LTI
Parent 81.7% Yes 82.5%
Division 3.2% No 17.5%
Subsidiary 5.3%
Single Location 4.0%
Other 5.7%
Degree Type of Long-term Incentives Received*
Type of Organization Where Employed Supervise Individuals
Base Salary Bonus Amount
Gender Long-Term Incentive Eligible
Target Bonus Total Cash Compensation Yrs. In Risk Mgmt
© 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
Cash Compensation (All dollar amounts are displayed in USD $000s)
Scope
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
All Respondents 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
Ownership Type
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
Publicly Traded 181 $107.5 $86.0 $104.9 $119.0 128 $17.6 $8.0 $14.8 $20.2 99 20.0% 15.0% 181 $119.9 $91.9 $114.0 $136.0 15.2 13.0
Private 87 $99.7 $81.0 $97.0 $115.5 66 $12.7 $6.1 $10.0 $16.0 36 19.0% 15.0% 87 $109.3 $89.0 $105.0 $129.5 14.0 12.0
Government 44 $94.0 $82.6 $93.0 $103.8 6 $16.8 -- $2.0 -- 3 -- -- 44 $96.3 $82.6 $93.0 $106.0 18.2 18.0
Not-for-Profit 34 $89.9 $80.0 $91.1 $95.0 10 $7.2 $4.8 $7.3 $10.0 2 -- -- 34 $92.0 $80.0 $92.0 $102.0 16.5 17.5
Other 13 $103.6 $93.6 $100.0 $110.0 6 $11.8 -- $12.8 -- 4 -- -- 13 $109.1 $93.6 $105.0 $116.2 16.7 15.0
Revenue
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
Less than $100 Million 23 $82.2 $69.0 $80.0 $93.0 8 $4.9 -- $2.6 -- 5 10.0% 10.0% 23 $83.9 $69.0 $82.2 $98.1 15.5 13.0
$100 - $250 Million 17 $95.3 $77.0 $96.0 $107.9 8 $13.5 -- $11.0 -- 2 -- -- 17 $101.7 $89.0 $96.0 $113.0 17.9 16.8
$250 - $500 Million 25 $90.7 $80.0 $91.6 $103.7 13 $15.2 $2.0 $4.8 $21.0 2 -- -- 25 $98.6 $82.0 $93.6 $108.5 13.8 12.0
$500 Million - $1 Billion 32 $102.5 $81.5 $93.8 $110.0 14 $10.8 $7.0 $8.8 $14.0 8 13.0% 10.0% 32 $107.2 $84.5 $95.5 $111.5 16.4 15.5
$1 - $5 Billion 112 $102.4 $85.8 $99.5 $114.8 76 $13.5 $6.7 $10.9 $17.3 55 18.0% 15.0% 112 $111.5 $90.6 $105.5 $129.5 14.8 12.0
$5 - $10 Billion 45 $103.4 $91.0 $103.0 $115.0 36 $12.8 $6.8 $10.8 $18.6 19 24.0% 15.0% 45 $113.6 $100.0 $113.0 $129.0 17.1 16.0
Greater than $10 Billion 80 $115.3 $95.1 $110.5 $125.0 53 $23.8 $10.4 $18.0 $26.0 48 20.0% 16.0% 80 $131.1 $100.3 $121.3 $140.5 16.2 14.0
Degree
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
High School/Associate Degree 36 $88.6 $77.0 $87.8 $93.5 14 $13.0 $5.6 $10.5 $20.0 12 27.0% 11.0% 36 $93.6 $77.0 $90.0 $101.8 19.0 20.5
Bachelors 192 $102.9 $85.0 $100.0 $113.5 130 $15.3 $5.9 $10.9 $19.0 85 17.0% 15.0% 192 $113.3 $89.0 $104.8 $127.0 15.3 13.0
MA/MS 27 $101.5 $85.0 $100.0 $111.0 13 $10.5 $8.0 $10.0 $14.9 9 25.0% 15.0% 27 $106.6 $90.0 $105.0 $116.9 17.6 17.0
MBA 76 $105.5 $89.5 $104.5 $119.0 43 $17.5 $8.0 $16.0 $21.8 27 18.0% 15.0% 76 $115.4 $92.1 $113.4 $135.0 14.4 12.5
JD 8 $106.3 -- $108.0 -- 5 $9.4 -- $10.0 -- 3 -- -- 8 $112.1 -- $115.0 -- 9.3 9.0
Ph.D 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Supervisory Responsibility
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
No 167 $99.6 $81.9 $95.0 $110.0 105 $13.7 $6.1 $10.8 $19.0 67 19.0% 15.0% 167 $108.2 $85.0 $103.7 $126.0 15.1 13.0
1 or Fewer 66 $103.6 $85.0 $100.2 $118.0 49 $14.2 $7.0 $10.0 $20.0 34 22.0% 15.0% 66 $114.1 $90.0 $110.1 $130.0 14.5 12.0
From 1 to 3 60 $102.5 $88.5 $100.0 $113.9 26 $14.6 $5.0 $14.3 $16.5 16 15.0% 15.0% 60 $108.8 $89.3 $104.4 $116.8 15.0 13.0
From 3 to 5 22 $102.4 $90.0 $102.5 $119.0 13 $15.7 $8.3 $14.9 $18.0 7 17.0% 15.0% 22 $111.7 $90.0 $108.2 $130.0 15.8 15.9
More than 5 19 $115.3 $80.0 $113.0 $131.0 11 $34.7 $10.0 $16.5 $45.0 9 24.0% 20.0% 19 $135.4 $90.0 $120.0 $150.0 16.6 17.0
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.
Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt
© 2013 Risk and Insurance Management Society, Inc. (RIMS) V - 19 US Data
2013 Risk Management Compensation Survey
Manager - Insurance ManagementResponsibilities 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)
Scope
Industry
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
Agriculture 3 -- -- -- -- 3 -- -- -- -- 3 -- -- 3 -- -- -- -- -- --
Business/Info
Services/Consulting/Legal/Accounting6 $99.3 -- $87.5 -- 4 -- -- -- -- 3 -- -- 6 $104.9 -- $91.8 -- 14.2 13.0
Chemical/Pharmaceutical/Biotechnology 13 $118.4 $104.0 $117.8 $134.0 10 $15.6 $14.0 $16.6 $20.0 8 13.0% 12.0% 13 $130.4 $120.0 $136.0 $146.0 13.1 12.0
Computer Software/Services 4 -- -- -- -- 3 -- -- -- -- 3 -- -- 4 -- -- -- -- -- --
Construction/Engineering/Architectural 15 $113.2 $80.5 $103.0 $115.0 9 $12.1 -- $12.0 -- 5 14.0% 15.0% 15 $120.4 $81.0 $106.0 $127.0 16.1 15.0
Education 7 $86.5 -- $80.0 -- 2 -- -- -- -- 2 -- -- 7 $89.7 -- $80.0 -- 16.1 14.0
Energy 24 $119.3 $96.8 $112.8 $136.1 22 $26.2 $10.0 $20.0 $37.5 12 33.0% 23.0% 24 $143.3 $108.3 $140.5 $154.1 15.8 14.5
Entertainment & Media 4 -- -- -- -- 2 -- -- -- -- 1 -- -- 4 -- -- -- -- -- --
Finance/Banking 17 $101.9 $81.4 $95.0 $107.5 9 $29.7 -- $23.5 -- 6 34.0% 28.0% 17 $117.7 $81.4 $104.5 $136.0 15.6 15.0
Government 26 $91.4 $79.2 $91.8 $100.3 2 -- -- -- -- 2 -- -- 26 $91.6 $79.2 $91.8 $102.0 19.5 19.0
Healthcare 23 $97.7 $85.0 $92.0 $104.2 8 $18.8 -- $13.9 -- 5 22.0% 25.0% 23 $104.2 $85.0 $95.0 $110.0 16.8 16.0
Hospitality 8 $83.7 -- $79.5 -- 5 $7.9 -- $8.0 -- 2 -- -- 8 $88.7 -- $87.5 -- 12.9 12.5
Insurance 18 $95.2 $89.9 $94.5 $104.0 11 $8.2 $3.5 $7.2 $10.0 9 10.0% 10.0% 18 $100.3 $90.0 $97.1 $113.0 16.2 14.5
Mfg - Durable (includes Aerospace,
Computer/Office Equipment, Electronics)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
Mfg - Nondurable (includes Food, Paper & Allied
Products)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
Mining/Milling/Smelting 8 $106.3 -- $108.5 -- 5 $8.4 -- $5.0 -- 3 -- -- 8 $111.6 -- $110.3 -- 20.5 24.0
Not-for-Profit 6 $90.6 -- $73.5 -- 2 -- -- -- -- 0 -- -- 6 $91.4 -- $73.6 -- 12.1 8.5
Real Estate 11 $98.1 $85.0 $96.0 $103.0 6 $17.0 -- $13.0 -- 4 -- -- 11 $107.4 $92.2 $100.0 $122.5 11.3 8.0
Research & Development 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
Retail 18 $97.6 $83.0 $89.0 $113.0 13 $11.0 $6.0 $8.5 $11.0 12 20.0% 12.0% 18 $105.6 $85.0 $98.8 $119.4 13.6 12.5
Service 3 -- -- -- -- 2 -- -- -- -- 0 -- -- 3 -- -- -- -- -- --
Telecommunications 5 $102.0 -- $102.0 -- 5 $15.4 -- $14.9 -- 4 -- -- 5 $117.3 -- $116.9 -- 13.8 10.0
Transportation 19 $95.7 $80.0 $96.0 $110.0 11 $17.9 $12.2 $16.0 $22.0 7 20.0% 20.0% 19 $106.1 $88.0 $102.0 $129.0 15.5 14.0
Utilities 32 $104.5 $92.3 $104.5 $114.7 18 $18.3 $7.0 $9.8 $18.0 10 13.0% 10.0% 32 $114.8 $99.1 $108.0 $127.7 18.7 19.5
Wholesale Distribution 9 $95.7 -- $90.0 -- 6 $11.6 -- $11.0 -- 7 26.0% 15.0% 9 $103.5 -- $104.0 -- 14.4 10.0
Other 23 $103.9 $85.0 $100.0 $108.0 19 $13.3 $7.6 $12.0 $16.0 9 18.0% 20.0% 23 $114.9 $95.4 $108.9 $120.9 15.1 12.0
Regions (defined in Section I - 15)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
North East Region 45 $108.0 $90.0 $103.0 $120.0 28 $17.2 $7.8 $14.9 $24.3 21 18.0% 15.0% 45 $118.7 $94.0 $114.0 $131.8 13.1 11.0
Mid Atlantic Region 46 $99.8 $83.0 $96.9 $110.0 28 $11.9 $8.8 $11.0 $15.0 21 18.0% 15.0% 46 $107.1 $89.0 $105.0 $120.0 17.0 15.0
South East Region 42 $92.9 $80.0 $91.5 $104.0 24 $13.5 $3.8 $8.5 $18.0 18 17.0% 15.0% 42 $100.6 $85.0 $96.5 $109.0 17.3 18.0
Mississippi Valley Region 105 $100.6 $84.6 $98.0 $115.0 62 $17.0 $6.1 $13.5 $20.0 45 18.0% 15.0% 105 $110.6 $85.0 $102.0 $124.9 16.2 15.0
Mountain Region 60 $107.0 $81.8 $99.5 $123.1 42 $19.8 $7.9 $14.8 $22.0 24 26.0% 18.0% 60 $120.9 $87.0 $105.3 $141.9 14.9 13.5
Western Region 61 $103.8 $89.0 $100.0 $119.0 32 $9.6 $4.5 $9.8 $13.5 15 17.0% 12.0% 61 $108.8 $92.0 $107.9 $125.0 14.0 13.0
Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt
© 2013 Risk and Insurance Management Society, Inc. (RIMS) V - 20 US Data
2013 Risk Management Compensation Survey
Manager - Insurance ManagementResponsibilities 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)
Scope
State
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
AZ 6 $101.3 -- $94.0 -- 5 $8.6 -- $10.0 -- 0 -- -- 6 $108.5 -- $101.0 -- 13.7 14.5
CA 33 $110.9 $95.8 $106.0 $129.0 19 $9.7 $3.5 $10.0 $14.5 12 19.0% 15.0% 33 $116.5 $103.5 $114.0 $131.0 11.6 9.0
CO 7 $111.3 -- $104.0 -- 4 -- -- -- -- 1 -- -- 7 $116.1 -- $104.0 -- 16.1 15.0
CT 5 $94.9 -- $85.0 -- 2 -- -- -- -- 2 -- -- 5 $101.7 -- $85.0 -- 7.6 8.0
DC 5 $118.3 -- $105.0 -- 3 -- -- -- -- 2 -- -- 5 $123.6 -- $114.5 -- 26.0 28.0
FL 17 $89.8 $84.0 $90.5 $100.0 8 $8.1 -- $5.8 -- 9 15.0% 15.0% 17 $93.7 $85.1 $90.5 $103.3 19.9 22.0
GA 12 $89.8 $74.5 $87.0 $102.0 7 $17.1 -- $7.0 -- 4 -- -- 12 $99.8 $78.5 $89.5 $102.0 12.1 11.0
IL 30 $108.7 $88.0 $103.5 $125.0 21 $19.8 $9.0 $18.2 $28.0 16 19.0% 20.0% 30 $122.6 $95.4 $118.1 $140.0 16.4 15.0
IN 6 $95.3 -- $87.5 -- 4 -- -- -- -- 4 -- -- 6 $108.3 -- $96.6 -- 11.1 12.0
MA 6 $114.3 -- $110.3 -- 4 -- -- -- -- 3 -- -- 6 $133.4 -- $133.5 -- 14.2 15.0
MI 11 $102.3 $86.0 $104.0 $120.0 7 $11.9 -- $10.0 -- 3 -- -- 11 $109.8 $90.0 $104.0 $122.0 17.5 16.0
MN 15 $106.2 $85.0 $100.3 $125.0 8 $23.2 -- $10.2 -- 6 19.0% 18.0% 15 $118.6 $85.0 $100.3 $135.4 17.8 13.0
MO 13 $87.7 $74.0 $82.0 $104.2 4 -- -- -- -- 5 10.0% 10.0% 13 $90.3 $78.5 $82.0 $104.2 14.6 12.0
NC 5 $86.0 -- $86.9 -- 1 -- -- -- -- 1 -- -- 5 $87.0 -- $91.9 -- 13.2 12.0
NJ 17 $107.4 $92.6 $113.0 $117.8 11 $13.2 $5.6 $14.0 $20.0 6 14.0% 13.0% 17 $115.9 $98.1 $115.0 $130.0 12.8 12.0
NY 13 $117.8 $96.0 $103.0 $130.0 7 $20.8 -- $14.7 -- 8 15.0% 15.0% 13 $129.1 $96.0 $112.7 $155.0 14.4 13.0
OH 13 $90.4 $81.4 $90.0 $102.0 8 $14.6 -- $7.0 -- 7 32.0% 20.0% 13 $99.4 $81.4 $96.0 $110.0 12.0 11.0
PA 19 $97.0 $80.0 $98.5 $110.0 15 $12.6 $9.7 $11.0 $15.0 10 24.0% 15.0% 19 $107.0 $89.0 $108.0 $121.0 17.1 15.0
TN 5 $104.0 -- $100.0 -- 3 -- -- -- -- 1 -- -- 5 $116.9 -- $109.0 -- 20.4 22.0
TX 37 $103.0 $79.0 $95.0 $122.0 26 $20.8 $7.9 $14.5 $28.0 18 30.0% 20.0% 37 $117.6 $81.0 $104.0 $141.4 15.4 14.0
VA 11 $104.2 $92.0 $95.0 $125.0 6 $10.3 -- $13.4 -- 5 14.0% 15.0% 11 $109.8 $92.0 $107.0 $135.0 15.8 13.0
WA 9 $91.6 -- $87.6 -- 5 $11.5 -- $8.6 -- 2 -- -- 9 $98.0 -- $93.5 -- 16.9 15.0
WI 12 $100.1 $77.0 $99.5 $112.2 7 $14.0 -- $11.0 -- 3 -- -- 12 $108.3 $81.0 $100.0 $127.7 18.1 20.0
Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt
© 2013 Risk and Insurance Management Society, Inc. (RIMS) V - 21 US Data
2013 Risk Management Compensation Survey
Manager - Insurance ManagementResponsibilities 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)
Scope
Metro Area
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
Atlanta, GA 10 $90.3 $74.0 $84.5 $104.0 6 $17.8 -- $6.0 -- 4 -- -- 10 $101.0 $77.0 $85.5 $104.0 12.0 11.0
Boston-Worcester-Lawrence, MA-NH-ME-CT 5 $117.0 -- $113.0 -- 5 $23.8 -- $23.5 -- 4 -- -- 5 $140.8 -- $136.0 -- 13.4 18.0
Chicago-Gary-Kenosha, IL-IN-WI 29 $105.4 $88.0 $102.0 $119.0 21 $17.2 $9.0 $18.0 $25.0 16 18.0% 18.0% 29 $117.9 $95.4 $116.2 $136.0 15.6 12.0
Cleveland-Akron, OH 6 $95.9 -- $95.5 -- 3 -- -- -- -- 1 -- -- 6 $105.0 -- $98.5 -- 16.3 14.5
Dallas-Fort Worth, TX 10 $90.8 $68.1 $80.3 $124.2 6 $14.7 -- $14.5 -- 5 10.0% 10.0% 10 $99.6 $68.2 $84.3 $141.4 12.7 13.5
Denver-Boulder-Greeley, CO 6 $112.6 -- $112.0 -- 4 -- -- -- -- 1 -- -- 6 $118.1 -- $113.5 -- 16.8 17.5
Detroit-Ann Arbor-Flint, MI 8 $99.6 -- $100.5 -- 4 -- -- -- -- 1 -- -- 8 $103.0 -- $103.0 -- 14.1 13.0
Houston-Galveston-Brazoria, TX 21 $115.2 $93.6 $105.0 $134.0 17 $25.0 $9.9 $20.0 $39.0 10 37.0% 23.0% 21 $135.5 $102.0 $130.5 $145.0 16.5 14.0
Indianapolis, IN 5 $97.9 -- $89.9 -- 3 -- -- -- -- 4 -- -- 5 $109.8 -- $92.1 -- 10.7 12.0
Jacksonville, FL 6 $92.4 -- $88.8 -- 5 $7.7 -- $6.5 -- 4 -- -- 6 $98.9 -- $93.8 -- 15.0 15.5
Kansas City, MO-KS 6 $84.0 -- $82.7 -- 3 -- -- -- -- 3 -- -- 6 $86.9 -- $87.0 -- 17.0 19.0
Los Angeles-Riverside-Orange County, CA 17 $104.4 $90.0 $103.0 $129.0 8 $10.2 -- $10.0 -- 4 -- -- 17 $109.2 $101.6 $107.9 $129.0 10.5 8.0
Milwaukee-Racine, WI 7 $107.9 -- $110.0 -- 4 -- -- -- -- 2 -- -- 7 $117.5 -- $120.0 -- 16.1 20.0
Minneapolis-St. Paul, MN-WI 12 $104.8 $87.5 $99.2 $117.5 6 $25.5 -- $10.0 -- 5 22.0% 20.0% 12 $117.5 $88.1 $100.1 $124.8 18.0 15.5
New York-Northern New Jersey-Long Island, NY-
NJ-CT-PA26 $112.6 $92.6 $111.3 $122.0 15 $16.3 $7.6 $14.7 $22.0 12 14.0% 15.0% 26 $122.0 $96.0 $115.0 $131.8 12.4 10.5
Philadelphia-Wilmington-Atlantic City, PA-NJ-DE-
MD17 $99.3 $80.0 $105.0 $115.5 12 $13.0 $7.7 $11.0 $20.4 9 24.0% 15.0% 17 $108.4 $87.6 $110.0 $130.0 15.7 15.0
Phoenix, AZ 5 $105.4 -- $98.0 -- 4 -- -- -- -- 0 -- -- 5 $112.4 -- $102.0 -- 11.4 10.0
Portland-Salem, OR-WA 5 $83.2 -- $85.0 -- 0 -- -- -- -- 0 -- -- 5 $83.2 -- $85.0 -- 19.5 22.0
San Diego, CA 5 $115.8 -- $105.0 -- 3 -- -- -- -- 3 -- -- 5 $125.6 -- $125.0 -- 15.8 15.0
San Francisco-Oakland-San Jose, CA 10 $118.5 $104.0 $109.0 $140.0 7 $7.4 -- $8.0 -- 5 21.0% 10.0% 10 $123.7 $110.0 $114.2 $140.0 9.6 8.0
Seattle-Tacoma-Bremerton, WA 8 $92.4 -- $90.3 -- 5 $11.5 -- $8.6 -- 2 -- -- 8 $99.6 -- $93.5 -- 15.9 14.0
St. Louis, MO-IL 6 $89.4 -- $97.1 -- 1 -- -- -- -- 1 -- -- 6 $92.0 -- $97.1 -- 17.7 17.5
Washington-Baltimore, DC-MD-VA-WV 14 $109.1 $93.0 $105.0 $115.5 7 $10.2 -- $9.5 -- 7 13.0% 10.0% 14 $114.2 $93.0 $112.3 $135.0 18.9 15.5
Target Bonus Total Cash Compensation Yrs. In Risk MgmtBase Salary Bonus Amount
© 2013 Risk and Insurance Management Society, Inc. (RIMS) V - 22 US Data
2013 Risk Management Compensation Survey
Manager - Insurance ManagementResponsibilities 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.Respondent Characteristics
Male 48.2% Yes 21.4%
Female 49.6% No 78.3%
Did Not Indicate 2.2% Did Not Indicate 0.3%
High School/Associate Degree 10.0% Incentive Stock Options (ISOs) 32.5%
Bachelors 53.5% Non-Qualified Stock Options (NQSOs) 14.3%
MA/MS 7.5% Restricted Stock 50.6%
MBA 21.2% Stock Appreciation Rights (SARs) 7.8%
JD 2.2% Performance Shares 11.7%
MD 0.0% Performance Units 5.2%
Ph.D 0.0% Long-Term Cash 11.7%
Other 5.6% None of the Above Received 6.5%
* Only includes those eligible for LTI
Parent 77.4% Yes 53.5%
Division 5.3% No 46.5%
Subsidiary 8.4%
Single Location 5.0%
Other 3.9%
Gender Long-Term Incentive Eligible
Degree Type of Long-term Incentives Received*
Type of Organization Where Employed Supervise Individuals
© 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
Cash Compensation (All dollar amounts are displayed in USD $000s)
Scope
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
All Respondents 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
Ownership Type
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
Publicly Traded 17 $84.6 $70.0 $85.0 $94.0 11 $8.3 $2.9 $5.3 $15.5 6 10.0% 7.0% 17 $90.0 $72.3 $85.0 $110.0 16.1 16.0
Private 13 $72.5 $60.0 $75.0 $82.0 5 $7.4 -- $8.2 -- 2 -- -- 13 $75.4 $60.0 $78.0 $90.2 7.5 7.0
Government 7 $96.7 -- $80.0 -- 0 -- -- -- -- 0 -- -- 7 $96.7 -- $80.0 -- 16.3 18.0
Not-for-Profit 7 $93.3 -- $88.0 -- 4 -- -- -- -- 3 -- -- 7 $98.1 -- $88.0 -- 18.7 16.0
Other 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
Revenue
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
Less than $100 Million 9 $80.3 -- $80.0 -- 1 -- -- -- -- 0 -- -- 9 $81.3 -- $80.0 -- 12.0 9.0
$100 - $250 Million 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
$250 - $500 Million 2 -- -- -- -- 0 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --
$500 Million - $1 Billion 5 $106.4 -- $100.0 -- 3 -- -- -- -- 2 -- -- 5 $112.8 -- $106.0 -- 16.6 18.0
$1 - $5 Billion 9 $88.8 -- $82.0 -- 6 $8.1 -- $7.2 -- 3 -- -- 9 $94.2 -- $85.0 -- 16.1 13.0
$5 - $10 Billion 3 -- -- -- -- 2 -- -- -- -- 3 -- -- 3 -- -- -- -- -- --
Greater than $10 Billion 2 -- -- -- -- 1 -- -- -- -- 1 -- -- 2 -- -- -- -- -- --
Degree
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
High School/Associate Degree 10 $79.3 $67.0 $82.0 $94.0 5 $5.9 -- $4.0 -- 3 -- -- 10 $82.3 $67.0 $84.8 $96.9 15.9 8.5
Bachelors 25 $82.8 $65.0 $85.0 $94.0 11 $8.6 $3.2 $6.0 $16.0 4 -- -- 25 $86.5 $67.0 $85.0 $101.8 14.3 13.0
MA/MS 5 $97.0 -- $99.0 -- 4 -- -- -- -- 3 -- -- 5 $104.8 -- $114.5 -- 11.8 12.0
MBA 2 -- -- -- -- 0 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --
JD 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Ph.D 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Supervisory Responsibility
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
No 17 $70.8 $60.0 $74.0 $82.0 6 $5.8 -- $5.7 -- 4 -- -- 17 $72.8 $60.0 $74.0 $85.0 9.9 10.0
1 or Fewer 5 $74.6 -- $70.0 -- 2 -- -- -- -- 0 -- -- 5 $78.3 -- $72.3 -- 13.2 13.0
From 1 to 3 8 $84.0 -- $81.5 -- 4 -- -- -- -- 2 -- -- 8 $88.2 -- $85.0 -- 16.0 19.0
From 3 to 5 2 -- -- -- -- 1 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --
More than 5 8 $108.9 -- $117.0 -- 5 $11.7 -- $9.0 -- 3 -- -- 8 $116.2 -- $127.0 -- 14.5 15.5
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.
Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt
© 2013 Risk and Insurance Management Society, Inc. (RIMS) V - 25 US Data
2013 Risk Management Compensation Survey
Employee Benefits/Workers Compensation Claims ManagerCombination 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)
Scope
Industry
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
Agriculture 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Business/Info
Services/Consulting/Legal/Accounting1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
Chemical/Pharmaceutical/Biotechnology 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Computer Software/Services 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Construction/Engineering/Architectural 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Education 3 -- -- -- -- 0 -- -- -- -- 0 -- -- 3 -- -- -- -- -- --
Energy 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Entertainment & Media 2 -- -- -- -- 0 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --
Finance/Banking 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Government 5 $74.4 -- $75.1 -- 0 -- -- -- -- 0 -- -- 5 $74.4 -- $75.1 -- 13.6 12.0
Healthcare 5 $90.2 -- $85.0 -- 3 -- -- -- -- 2 -- -- 5 $96.2 -- $87.5 -- 19.0 20.0
Hospitality 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
Insurance 2 -- -- -- -- 1 -- -- -- -- 1 -- -- 2 -- -- -- -- -- --
Mfg - Durable (includes Aerospace,
Computer/Office Equipment, Electronics)4 -- -- -- -- 2 -- -- -- -- 3 -- -- 4 -- -- -- -- -- --
Mfg - Nondurable (includes Food, Paper & Allied
Products)3 -- -- -- -- 3 -- -- -- -- 1 -- -- 3 -- -- -- -- -- --
Mining/Milling/Smelting 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Not-for-Profit 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Real Estate 1 -- -- -- -- 1 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
Research & Development 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Retail 6 $73.8 -- $67.5 -- 3 -- -- -- -- 0 -- -- 6 $78.8 -- $72.3 -- 13.3 10.5
Service 3 -- -- -- -- 2 -- -- -- -- 2 -- -- 3 -- -- -- -- -- --
Telecommunications 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
Transportation 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --
Utilities 3 -- -- -- -- 2 -- -- -- -- 1 -- -- 3 -- -- -- -- -- --
Wholesale Distribution 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Other 4 -- -- -- -- 2 -- -- -- -- 0 -- -- 4 -- -- -- -- -- --
Regions (defined in Section I - 15)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
North East Region 4 -- -- -- -- 4 -- -- -- -- 3 -- -- 4 -- -- -- -- -- --
Mid Atlantic Region 1 -- -- -- -- 1 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
South East Region 7 $70.7 -- $65.0 -- 3 -- -- -- -- 1 -- -- 7 $74.6 -- $67.0 -- 15.9 20.0
Mississippi Valley Region 8 $90.8 -- $85.0 -- 3 -- -- -- -- 2 -- -- 8 $94.2 -- $86.6 -- 12.4 11.5
Mountain Region 8 $93.7 -- $77.0 -- 1 -- -- -- -- 0 -- -- 8 $94.0 -- $77.0 -- 13.0 11.5
Western Region 17 $81.9 $65.0 $82.0 $100.0 8 $10.5 -- $8.8 -- 5 10.0% 10.0% 17 $86.8 $70.3 $82.0 $107.0 14.0 10.0
Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt
© 2013 Risk and Insurance Management Society, Inc. (RIMS) V - 26 US Data
2013 Risk Management Compensation Survey
Employee Benefits/Workers Compensation Claims ManagerCombination 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)
Scope
State
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
CA 10 $79.1 $50.0 $81.0 $100.0 4 -- -- -- -- 2 -- -- 10 $83.3 $50.0 $81.0 $107.0 11.0 9.5
Cash Compensation (All dollar amounts are displayed in USD $000s)
Scope
Metro Area
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
Los Angeles-Riverside-Orange County, CA 5 $79.8 -- $82.0 -- 3 -- -- -- -- 1 -- -- 5 $84.5 -- $82.0 -- 7.8 9.0
Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt
Target Bonus Total Cash Compensation Yrs. In Risk MgmtBase Salary Bonus Amount
© 2013 Risk and Insurance Management Society, Inc. (RIMS) V - 27 US Data
2013 Risk Management Compensation Survey
Employee Benefits/Workers Compensation Claims ManagerCombination 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.Respondent Characteristics
Male 24.4% Yes 15.6%
Female 68.9% No 84.4%
Did Not Indicate 6.7% Did Not Indicate 0.0%
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 0.0%
Ph.D 0.0% Long-Term Cash 14.3%
Other 6.7% None of the Above Received 42.9%
* Only includes those eligible for LTI
Parent 60.0% Yes 62.2%
Division 11.1% No 37.8%
Subsidiary 6.7%
Single Location 8.9%
Other 13.3%
Gender Long-Term Incentive Eligible
Degree Type of Long-term Incentives Received*
Type of Organization Where Employed Supervise Individuals
© 2013 Risk and Insurance Management Society, Inc. (RIMS) V - 28 US Data
2013 Risk Management Compensation Survey
Claims Manager
Cash Compensation (All dollar amounts are displayed in USD $000s)
Scope
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
All Respondents 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
Ownership Type
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
Publicly Traded 58 $92.7 $76.0 $91.3 $104.0 31 $21.5 $10.0 $17.0 $25.0 21 26.0% 20.0% 58 $104.2 $76.6 $100.0 $121.0 16.9 15.0
Private 34 $76.7 $61.0 $77.5 $89.0 17 $7.8 $3.0 $5.0 $10.0 6 14.0% 12.0% 34 $80.6 $62.0 $78.5 $91.7 14.4 12.5
Government 10 $83.9 $59.9 $82.3 $93.7 2 -- -- -- -- 1 -- -- 10 $84.5 $59.9 $82.3 $95.3 20.6 23.5
Not-for-Profit 6 $103.8 -- $95.0 -- 1 -- -- -- -- 0 -- -- 6 $104.7 -- $95.0 -- 15.4 16.0
Other 4 -- -- -- -- 0 -- -- -- -- 1 -- -- 4 -- -- -- -- -- --
Revenue
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
Less than $100 Million 9 $82.5 -- $71.0 -- 3 -- -- -- -- 0 -- -- 9 $83.6 -- $72.0 -- 17.7 12.0
$100 - $250 Million 5 $79.8 -- $89.0 -- 2 -- -- -- -- 1 -- -- 5 $81.8 -- $89.0 -- 16.2 22.0
$250 - $500 Million 8 $84.0 -- $79.2 -- 4 -- -- -- -- 2 -- -- 8 $90.4 -- $82.0 -- 15.8 15.5
$500 Million - $1 Billion 8 $82.5 -- $84.0 -- 2 -- -- -- -- 1 -- -- 8 $84.2 -- $84.5 -- 17.4 17.5
$1 - $5 Billion 18 $88.3 $76.0 $90.5 $104.0 8 $9.0 -- $8.1 -- 4 -- -- 18 $92.3 $76.0 $92.0 $111.0 16.6 20.0
$5 - $10 Billion 11 $93.9 $83.0 $90.0 $102.0 8 $14.7 -- $15.0 -- 4 -- -- 11 $104.6 $88.0 $104.0 $125.0 16.3 14.0
Greater than $10 Billion 20 $104.4 $93.5 $100.1 $107.0 14 $29.1 $10.0 $20.5 $29.0 9 25.0% 12.0% 20 $124.7 $100.4 $109.3 $149.5 18.3 17.0
Degree
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
High School/Associate Degree 19 $73.0 $60.0 $70.2 $86.0 7 $6.4 -- $5.7 -- 4 -- -- 19 $75.4 $60.0 $71.9 $86.0 14.0 12.0
Bachelors 68 $89.2 $75.5 $88.3 $102.5 31 $16.5 $5.0 $15.0 $21.0 19 23.0% 20.0% 68 $96.8 $76.3 $90.5 $114.1 16.7 15.5
MA/MS 6 $94.5 -- $98.5 -- 3 -- -- -- -- 1 -- -- 6 $101.9 -- $98.5 -- 17.3 20.0
MBA 9 $92.4 -- $92.0 -- 4 -- -- -- -- 3 -- -- 9 $98.2 -- $100.0 -- 18.7 13.0
JD 2 -- -- -- -- 2 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --
Ph.D 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Supervisory Responsibility
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
No 50 $81.7 $60.0 $78.5 $100.0 20 $12.0 $3.0 $9.7 $20.0 7 29.0% 15.0% 50 $86.5 $62.0 $80.3 $101.0 14.9 14.3
1 or Fewer 17 $83.2 $77.0 $84.0 $96.0 8 $9.7 -- $8.1 -- 4 -- -- 17 $87.8 $77.0 $84.0 $104.0 13.9 13.0
From 1 to 3 14 $85.5 $72.0 $80.0 $100.2 5 $30.1 -- $11.0 -- 3 -- -- 14 $96.2 $72.2 $82.5 $104.0 15.4 14.5
From 3 to 5 8 $108.8 -- $106.0 -- 6 $22.4 -- $16.0 -- 6 32.0% 23.0% 8 $125.6 -- $116.8 -- 22.9 24.0
More than 5 14 $96.6 $86.0 $91.0 $110.0 7 $12.4 -- $10.0 -- 4 -- -- 14 $102.8 $86.0 $97.7 $116.5 19.4 20.0
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.
Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt
© 2013 Risk and Insurance Management Society, Inc. (RIMS) V - 29 US Data
2013 Risk Management Compensation Survey
Claims ManagerMitigates 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)
Scope
Industry
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
Agriculture 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
Business/Info
Services/Consulting/Legal/Accounting0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Chemical/Pharmaceutical/Biotechnology 2 -- -- -- -- 1 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --
Computer Software/Services 2 -- -- -- -- 1 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --
Construction/Engineering/Architectural 6 $89.2 -- $88.0 -- 5 $8.7 -- $6.0 -- 2 -- -- 6 $96.5 -- $95.5 -- 17.7 15.0
Education 5 $76.2 -- $71.0 -- 0 -- -- -- -- 2 -- -- 5 $76.2 -- $71.0 -- 24.2 24.0
Energy 5 $101.6 -- $102.0 -- 4 -- -- -- -- 3 -- -- 5 $131.5 -- $122.0 -- 19.4 20.0
Entertainment & Media 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
Finance/Banking 6 $83.8 -- $81.5 -- 5 $10.2 -- $6.3 -- 0 -- -- 6 $92.3 -- $90.5 -- 12.3 11.5
Government 8 $72.0 -- $70.3 -- 2 -- -- -- -- 1 -- -- 8 $72.3 -- $70.3 -- 15.8 10.5
Healthcare 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
Hospitality 9 $77.6 -- $65.0 -- 5 $14.3 -- $4.0 -- 4 -- -- 9 $85.5 -- $65.0 -- 12.2 8.0
Insurance 3 -- -- -- -- 2 -- -- -- -- 0 -- -- 3 -- -- -- -- -- --
Mfg - Durable (includes Aerospace,
Computer/Office Equipment, Electronics)4 -- -- -- -- 3 -- -- -- -- 1 -- -- 4 -- -- -- -- -- --
Mfg - Nondurable (includes Food, Paper & Allied
Products)3 -- -- -- -- 2 -- -- -- -- 2 -- -- 3 -- -- -- -- -- --
Mining/Milling/Smelting 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --
Not-for-Profit 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
Real Estate 4 -- -- -- -- 1 -- -- -- -- 0 -- -- 4 -- -- -- -- -- --
Research & Development 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Retail 13 $84.7 $76.6 $80.0 $99.0 5 $12.9 -- $11.0 -- 3 -- -- 13 $89.6 $76.6 $91.0 $104.0 12.3 13.0
Service 6 $91.9 -- $93.0 -- 2 -- -- -- -- 3 -- -- 6 $94.9 -- $93.0 -- 18.3 18.0
Telecommunications 2 -- -- -- -- 0 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --
Transportation 11 $90.5 $71.0 $79.0 $100.0 5 $17.3 -- $8.1 -- 2 -- -- 11 $98.4 $72.2 $79.0 $102.0 19.1 20.0
Utilities 6 $89.7 -- $89.8 -- 4 -- -- -- -- 2 -- -- 6 $101.6 -- $98.3 -- 18.8 21.0
Wholesale Distribution 3 -- -- -- -- 1 -- -- -- -- 1 -- -- 3 -- -- -- -- -- --
Other 9 $83.8 -- $86.0 -- 2 -- -- -- -- 2 -- -- 9 $85.5 -- $86.0 -- 21.2 20.0
Regions (defined in Section I - 15)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
North East Region 10 $97.5 $78.0 $95.0 $108.8 2 -- -- -- -- 1 -- -- 10 $101.0 $78.0 $95.0 $115.1 19.9 20.0
Mid Atlantic Region 21 $91.2 $74.0 $90.0 $103.0 10 $12.7 $5.0 $13.5 $18.0 4 -- -- 21 $97.3 $74.0 $100.0 $121.0 18.8 18.0
South East Region 15 $82.8 $65.0 $84.0 $92.0 6 $22.9 -- $17.5 -- 5 16.0% 15.0% 15 $91.9 $65.0 $86.0 $107.0 15.4 13.0
Mississippi Valley Region 21 $79.6 $64.5 $80.0 $89.6 8 $8.9 -- $7.3 -- 9 15.0% 12.0% 21 $82.9 $65.0 $84.0 $91.0 16.0 14.5
Mountain Region 27 $85.0 $72.0 $80.0 $100.0 14 $19.9 $3.0 $9.1 $17.0 8 15.0% 10.0% 27 $95.3 $72.2 $85.0 $102.0 16.1 15.0
Western Region 18 $91.0 $61.0 $91.3 $106.0 11 $14.6 $3.0 $10.0 $25.0 2 -- -- 18 $99.9 $63.0 $92.2 $126.0 14.4 12.0
Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt
© 2013 Risk and Insurance Management Society, Inc. (RIMS) V - 30 US Data
2013 Risk Management Compensation Survey
Claims ManagerMitigates 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)
Scope
State
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
CA 7 $111.6 -- $106.0 -- 6 $17.5 -- $22.0 -- 1 -- -- 7 $126.6 -- $126.0 -- 16.6 20.0
FL 5 $71.5 -- $65.0 -- 1 -- -- -- -- 1 -- -- 5 $72.7 -- $65.0 -- 14.0 10.0
GA 5 $103.0 -- $92.0 -- 3 -- -- -- -- 2 -- -- 5 $122.3 -- $107.0 -- 21.8 24.0
IL 5 $92.7 -- $90.0 -- 2 -- -- -- -- 2 -- -- 5 $97.3 -- $90.0 -- 17.6 14.5
PA 7 $86.7 -- $84.0 -- 3 -- -- -- -- 1 -- -- 7 $94.4 -- $84.0 -- 18.2 18.0
TX 16 $92.0 $75.5 $93.5 $101.1 9 $26.8 -- $10.0 -- 5 17.0% 10.0% 16 $107.0 $78.0 $94.0 $122.3 17.8 20.0
VA 5 $81.3 -- $86.5 -- 3 -- -- -- -- 1 -- -- 5 $88.5 -- $86.5 -- 18.0 20.0
Cash Compensation (All dollar amounts are displayed in USD $000s)
Scope
Metro Area
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
Atlanta, GA 5 $103.0 -- $92.0 -- 3 -- -- -- -- 2 -- -- 5 $122.3 -- $107.0 -- 21.8 24.0
Chicago-Gary-Kenosha, IL-IN-WI 6 $95.4 -- $99.1 -- 3 -- -- -- -- 3 -- -- 6 $100.9 -- $99.1 -- 20.7 18.8
Dallas-Fort Worth, TX 6 $93.3 -- $86.0 -- 3 -- -- -- -- 1 -- -- 6 $104.1 -- $86.0 -- 15.5 16.5
Houston-Galveston-Brazoria, TX 5 $89.9 -- $95.0 -- 4 -- -- -- -- 2 -- -- 5 $115.6 -- $100.0 -- 21.4 22.0
Philadelphia-Wilmington-Atlantic City, PA-NJ-DE-
MD4 -- -- -- -- 2 -- -- -- -- 0 -- -- 4 -- -- -- -- -- --
Washington-Baltimore, DC-MD-VA-WV 5 $110.9 -- $110.0 -- 3 -- -- -- -- 1 -- -- 5 $115.9 -- $125.0 -- 22.8 26.0
Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt
Target Bonus Total Cash Compensation Yrs. In Risk MgmtBase Salary Bonus Amount
© 2013 Risk and Insurance Management Society, Inc. (RIMS) V - 31 US Data
2013 Risk Management Compensation Survey
Claims ManagerMitigates 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.Respondent Characteristics
Male 43.8% Yes 25.9%
Female 52.7% No 74.1%
Did Not Indicate 3.6% Did Not Indicate 0.0%
High School/Associate Degree 17.0% Incentive Stock Options (ISOs) 31.0%
Bachelors 60.7% Non-Qualified Stock Options (NQSOs) 17.2%
MA/MS 5.4% Restricted Stock 44.8%
MBA 8.0% Stock Appreciation Rights (SARs) 0.0%
JD 1.8% Performance Shares 0.0%
MD 0.0% Performance Units 3.4%
Ph.D 0.0% Long-Term Cash 13.8%
Other 7.1% None of the Above Received 6.9%
* Only includes those eligible for LTI
Parent 76.8% Yes 55.4%
Division 8.0% No 44.6%
Subsidiary 2.7%
Single Location 7.1%
Other 5.4%
Gender Long-Term Incentive Eligible
Degree Type of Long-term Incentives Received*
Type of Organization Where Employed Supervise Individuals
© 2013 Risk and Insurance Management Society, Inc. (RIMS) V - 32 US Data
2013 Risk Management Compensation Survey
Environmental, Health or Safety Manager
Cash Compensation (All dollar amounts are displayed in USD $000s)
Scope
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
All Respondents 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
Ownership Type
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
Publicly Traded 12 $89.1 $72.5 $92.0 $106.5 7 $14.7 -- $12.0 -- 6 18.0% 20.0% 12 $97.7 $74.5 $93.0 $117.3 14.1 13.0
Private 14 $95.5 $84.0 $97.6 $104.0 10 $19.1 $2.5 $15.5 $36.5 6 23.0% 23.0% 14 $109.1 $93.0 $104.0 $140.0 16.5 15.5
Government 6 $93.7 -- $88.0 -- 0 -- -- -- -- 0 -- -- 6 $93.7 -- $88.0 -- 13.2 10.5
Not-for-Profit 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
Other 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Revenue
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
Less than $100 Million 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
$100 - $250 Million 3 -- -- -- -- 1 -- -- -- -- 1 -- -- 3 -- -- -- -- -- --
$250 - $500 Million 7 $95.0 -- $95.0 -- 6 $20.1 -- $25.0 -- 4 -- -- 7 $112.2 -- $115.0 -- 19.6 17.0
$500 Million - $1 Billion 5 $74.1 -- $72.5 -- 2 -- -- -- -- 0 -- -- 5 $78.7 -- $72.5 -- 13.0 12.0
$1 - $5 Billion 4 -- -- -- -- 3 -- -- -- -- 2 -- -- 4 -- -- -- -- -- --
$5 - $10 Billion 1 -- -- -- -- 0 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --
Greater than $10 Billion 3 -- -- -- -- 1 -- -- -- -- 1 -- -- 3 -- -- -- -- -- --
Degree
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
High School/Associate Degree 3 -- -- -- -- 2 -- -- -- -- 0 -- -- 3 -- -- -- -- -- --
Bachelors 18 $87.8 $72.5 $91.5 $100.0 11 $14.9 $4.0 $12.0 $20.0 7 19.0% 20.0% 18 $96.9 $72.5 $98.4 $110.0 16.3 16.5
MA/MS 7 $108.4 -- $100.0 -- 1 -- -- -- -- 3 -- -- 7 $114.1 -- $114.0 -- 13.9 11.0
MBA 4 -- -- -- -- 2 -- -- -- -- 2 -- -- 4 -- -- -- -- -- --
JD 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Ph.D 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Supervisory Responsibility
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
No 15 $86.1 $64.0 $90.0 $106.0 6 $13.8 -- $11.5 -- 6 16.0% 20.0% 15 $91.6 $64.0 $93.0 $110.0 14.3 12.0
1 or Fewer 3 -- -- -- -- 2 -- -- -- -- 1 -- -- 3 -- -- -- -- -- --
From 1 to 3 4 -- -- -- -- 2 -- -- -- -- 0 -- -- 4 -- -- -- -- -- --
From 3 to 5 4 -- -- -- -- 2 -- -- -- -- 0 -- -- 4 -- -- -- -- -- --
More than 5 6 $105.0 -- $100.6 -- 4 -- -- -- -- 4 -- -- 6 $122.0 -- $127.6 -- 13.3 13.0
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.
Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt
© 2013 Risk and Insurance Management Society, Inc. (RIMS) V - 33 US Data
2013 Risk Management Compensation Survey
Environmental, Health or Safety ManagerFormulates, 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)
Scope
Industry
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
Agriculture 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Business/Info
Services/Consulting/Legal/Accounting0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Chemical/Pharmaceutical/Biotechnology 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
Computer Software/Services 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Construction/Engineering/Architectural 1 -- -- -- -- 1 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
Education 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
Energy 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Entertainment & Media 2 -- -- -- -- 2 -- -- -- -- 1 -- -- 2 -- -- -- -- -- --
Finance/Banking 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Government 5 $93.2 -- $80.0 -- 0 -- -- -- -- 0 -- -- 5 $93.2 -- $80.0 -- 14.4 11.0
Healthcare 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Hospitality 3 -- -- -- -- 2 -- -- -- -- 1 -- -- 3 -- -- -- -- -- --
Insurance 2 -- -- -- -- 1 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --
Mfg - Durable (includes Aerospace,
Computer/Office Equipment, Electronics)2 -- -- -- -- 2 -- -- -- -- 2 -- -- 2 -- -- -- -- -- --
Mfg - Nondurable (includes Food, Paper & Allied
Products)6 $109.7 -- $102.6 -- 2 -- -- -- -- 3 -- -- 6 $116.5 -- $110.0 -- 16.8 16.0
Mining/Milling/Smelting 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Not-for-Profit 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Real Estate 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Research & Development 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Retail 4 -- -- -- -- 3 -- -- -- -- 2 -- -- 4 -- -- -- -- -- --
Service 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Telecommunications 2 -- -- -- -- 2 -- -- -- -- 1 -- -- 2 -- -- -- -- -- --
Transportation 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Utilities 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Wholesale Distribution 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Other 4 -- -- -- -- 2 -- -- -- -- 2 -- -- 4 -- -- -- -- -- --
Regions (defined in Section I - 15)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
North East Region 4 -- -- -- -- 4 -- -- -- -- 2 -- -- 4 -- -- -- -- -- --
Mid Atlantic Region 4 -- -- -- -- 2 -- -- -- -- 1 -- -- 4 -- -- -- -- -- --
South East Region 8 $76.1 -- $68.0 -- 4 -- -- -- -- 4 -- -- 8 $78.9 -- $68.0 -- 12.8 10.5
Mississippi Valley Region 3 -- -- -- -- 1 -- -- -- -- 2 -- -- 3 -- -- -- -- -- --
Mountain Region 7 $82.4 -- $82.0 -- 4 -- -- -- -- 3 -- -- 7 $97.2 -- $92.0 -- 13.1 12.0
Western Region 7 $103.1 -- $110.0 -- 2 -- -- -- -- 0 -- -- 7 $109.1 -- $110.0 -- 13.1 12.0
Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt
© 2013 Risk and Insurance Management Society, Inc. (RIMS) V - 34 US Data
2013 Risk Management Compensation Survey
Environmental, Health or Safety ManagerFormulates, 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)
Scope
State
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
FL 5 $74.0 -- $64.0 -- 3 -- -- -- -- 2 -- -- 5 $76.5 -- $64.0 -- 14.0 10.0
Cash Compensation (All dollar amounts are displayed in USD $000s)
Scope
Metro Area
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt
Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt
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 ManagerFormulates, 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.Respondent Characteristics
Male 78.8% Yes 30.3%
Female 21.2% No 69.7%
Did Not Indicate 0.0% Did Not Indicate 0.0%
High School/Associate Degree 9.1% Incentive Stock Options (ISOs) 20.0%
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 10.0%
MD 0.0% Performance Units 0.0%
Ph.D 0.0% Long-Term Cash 10.0%
Other 3.0% None of the Above Received 20.0%
* Only includes those eligible for LTI
Parent 57.6% Yes 54.5%
Division 24.2% No 45.5%
Subsidiary 6.1%
Single Location 6.1%
Other 6.1%
Degree Type of Long-term Incentives Received*
Type of Organization Where Employed Supervise Individuals
Gender Long-Term Incentive Eligible
© 2013 Risk and Insurance Management Society, Inc. (RIMS) V - 36 US Data
2013 Risk Management Compensation Survey
Risk Management Analyst (Enterprise-Wide)
Cash Compensation (All dollar amounts are displayed in USD $000s)
Scope
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
All Respondents 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
Ownership Type
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
Publicly Traded 27 $75.4 $64.0 $75.0 $85.0 13 $9.8 $2.0 $3.4 $7.6 12 10.0% 10.0% 27 $80.1 $64.2 $78.8 $92.0 6.4 4.0
Private 25 $80.8 $65.0 $79.0 $90.0 16 $8.8 $4.0 $7.3 $11.0 16 9.0% 10.0% 25 $86.4 $66.5 $83.4 $94.6 8.6 6.0
Government 13 $73.8 $68.0 $70.0 $78.0 2 -- -- -- -- 0 -- -- 13 $74.1 $68.0 $70.0 $78.0 17.2 18.0
Not-for-Profit 10 $75.8 $62.0 $75.0 $88.0 5 $3.2 -- $2.5 -- 2 -- -- 10 $77.4 $65.0 $75.2 $90.5 9.3 8.0
Other 4 -- -- -- -- 2 -- -- -- -- 0 -- -- 4 -- -- -- -- -- --
Revenue
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
Less than $100 Million 5 $66.9 -- $52.0 -- 3 -- -- -- -- 3 -- -- 5 $69.5 -- $52.0 -- 7.9 3.5
$100 - $250 Million 7 $77.3 -- $79.7 -- 2 -- -- -- -- 1 -- -- 7 $78.9 -- $79.7 -- 15.6 14.0
$250 - $500 Million 5 $76.1 -- $72.0 -- 3 -- -- -- -- 1 -- -- 5 $78.9 -- $72.0 -- 5.8 6.0
$500 Million - $1 Billion 9 $72.3 -- $72.0 -- 7 $4.1 -- $2.5 -- 6 8.0% 9.0% 9 $75.5 -- $72.6 -- 6.3 5.0
$1 - $5 Billion 23 $84.5 $63.0 $79.0 $92.0 11 $6.8 $2.3 $3.5 $8.6 9 8.0% 9.0% 23 $87.8 $63.5 $81.0 $94.6 7.7 5.0
$5 - $10 Billion 10 $72.8 $52.0 $74.0 $90.0 5 $9.2 -- $7.6 -- 4 -- -- 10 $77.4 $52.0 $74.0 $97.6 8.2 5.5
Greater than $10 Billion 6 $78.2 -- $77.2 -- 2 -- -- -- -- 4 -- -- 6 $81.5 -- $83.5 -- 12.2 10.0
Degree
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
High School/Associate Degree 8 $69.8 -- $68.8 -- 2 -- -- -- -- 0 -- -- 8 $71.5 -- $71.1 -- 12.5 14.0
Bachelors 41 $72.6 $60.0 $70.0 $88.0 22 $8.1 $2.0 $3.5 $8.0 18 10.0% 10.0% 41 $77.0 $60.9 $72.0 $90.4 9.5 8.0
MA/MS 4 -- -- -- -- 3 -- -- -- -- 2 -- -- 4 -- -- -- -- -- --
MBA 18 $80.5 $72.0 $80.0 $88.0 10 $5.4 $1.6 $3.8 $8.6 8 9.0% 10.0% 18 $83.5 $72.0 $80.5 $92.0 6.0 5.0
JD 2 -- -- -- -- 1 -- -- -- -- 1 -- -- 2 -- -- -- -- -- --
Ph.D 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
Supervisory Responsibility
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
No 59 $72.0 $58.0 $71.0 $83.0 26 $7.4 $2.0 $3.5 $8.0 20 8.0% 9.0% 59 $75.3 $60.0 $72.0 $88.0 8.6 6.0
1 or Fewer 9 $96.4 -- $90.0 -- 7 $9.5 -- $5.0 -- 5 13.0% 10.0% 9 $103.8 -- $90.0 -- 10.7 8.0
From 1 to 3 10 $86.2 $72.0 $80.2 $88.0 4 -- -- -- -- 4 -- -- 10 $88.4 $72.0 $84.2 $94.6 12.3 8.0
From 3 to 5 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
More than 5 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --
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.
Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt
© 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
management issues and developing methodologies for the assessment of risks throughout the organization.Cash Compensation (All dollar amounts are displayed in USD $000s)
Scope
Industry
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
Agriculture 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
Business/Info
Services/Consulting/Legal/Accounting0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Chemical/Pharmaceutical/Biotechnology 5 $102.8 -- $79.0 -- 5 $10.4 -- $4.4 -- 2 -- -- 5 $113.2 -- $83.4 -- 10.3 6.0
Computer Software/Services 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --
Construction/Engineering/Architectural 3 -- -- -- -- 3 -- -- -- -- 2 -- -- 3 -- -- -- -- -- --
Education 3 -- -- -- -- 0 -- -- -- -- 0 -- -- 3 -- -- -- -- -- --
Energy 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --
Entertainment & Media 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Finance/Banking 6 $82.2 -- $83.3 -- 3 -- -- -- -- 2 -- -- 6 $84.7 -- $84.0 -- 9.8 9.0
Government 7 $69.8 -- $70.0 -- 0 -- -- -- -- 0 -- -- 7 $69.8 -- $70.0 -- 18.6 19.0
Healthcare 3 -- -- -- -- 1 -- -- -- -- 0 -- -- 3 -- -- -- -- -- --
Hospitality 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --
Insurance 9 $77.1 -- $78.8 -- 5 $4.7 -- $3.0 -- 6 9.0% 10.0% 9 $79.7 -- $78.8 -- 7.0 5.0
Mfg - Durable (includes Aerospace,
Computer/Office Equipment, Electronics)4 -- -- -- -- 1 -- -- -- -- 2 -- -- 4 -- -- -- -- -- --
Mfg - Nondurable (includes Food, Paper & Allied
Products)3 -- -- -- -- 3 -- -- -- -- 2 -- -- 3 -- -- -- -- -- --
Mining/Milling/Smelting 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Not-for-Profit 3 -- -- -- -- 1 -- -- -- -- 0 -- -- 3 -- -- -- -- -- --
Real Estate 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
Research & Development 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Retail 7 $68.2 -- $66.5 -- 4 -- -- -- -- 6 9.0% 8.0% 7 $71.4 -- $77.0 -- 6.7 4.0
Service 3 -- -- -- -- 1 -- -- -- -- 2 -- -- 3 -- -- -- -- -- --
Telecommunications 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Transportation 2 -- -- -- -- 1 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --
Utilities 10 $84.1 $60.0 $77.0 $103.0 4 -- -- -- -- 2 -- -- 10 $85.9 $63.0 $81.1 $103.0 8.0 5.5
Wholesale Distribution 3 -- -- -- -- 0 -- -- -- -- 0 -- -- 3 -- -- -- -- -- --
Other 3 -- -- -- -- 3 -- -- -- -- 1 -- -- 3 -- -- -- -- -- --
Regions (defined in Section I - 15)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
North East Region 5 $71.8 -- $70.0 -- 1 -- -- -- -- 0 -- -- 5 $72.2 -- $72.0 -- 4.2 3.0
Mid Atlantic Region 13 $76.1 $62.5 $79.0 $90.0 8 $6.2 -- $4.0 -- 5 11.0% 8.0% 13 $79.9 $63.5 $83.4 $93.3 8.8 8.0
South East Region 12 $62.7 $50.8 $65.0 $71.5 6 $15.5 -- $5.5 -- 5 8.0% 10.0% 12 $70.4 $50.8 $66.5 $80.3 9.3 6.0
Mississippi Valley Region 16 $75.4 $66.5 $75.0 $85.0 8 $5.7 -- $5.0 -- 8 10.0% 10.0% 16 $78.3 $70.0 $75.2 $88.7 7.8 6.0
Mountain Region 16 $82.1 $63.5 $75.8 $88.0 8 $9.7 -- $8.2 -- 7 8.0% 10.0% 16 $86.9 $64.8 $78.4 $94.3 10.8 11.5
Western Region 17 $83.8 $70.0 $79.7 $90.0 7 $3.4 -- $2.5 -- 5 9.0% 10.0% 17 $85.2 $70.0 $79.7 $91.0 11.8 10.0
Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt
© 2013 Risk and Insurance Management Society, Inc. (RIMS) V - 38 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)
Scope
State
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
CA 6 $74.7 -- $77.4 -- 3 -- -- -- -- 4 -- -- 6 $76.2 -- $78.6 -- 9.5 5.0
CO 5 $70.4 -- $64.0 -- 2 -- -- -- -- 1 -- -- 5 $71.9 -- $70.4 -- 11.1 10.0
OR 7 $86.0 -- $72.5 -- 3 -- -- -- -- 1 -- -- 7 $87.0 -- $74.1 -- 12.6 12.0
PA 7 $72.0 -- $75.0 -- 5 $3.5 -- $3.5 -- 3 -- -- 7 $74.5 -- $81.0 -- 7.1 6.0
TX 9 $94.0 -- $85.0 -- 6 $11.7 -- $10.5 -- 6 8.0% 10.0% 9 $101.8 -- $85.0 -- 10.3 13.0
Cash Compensation (All dollar amounts are displayed in USD $000s)
Scope
Metro Area
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
Denver-Boulder-Greeley, CO 5 $70.4 -- $64.0 -- 2 -- -- -- -- 1 -- -- 5 $71.9 -- $70.4 -- 11.1 10.0
Houston-Galveston-Brazoria, TX 5 $111.2 -- $91.0 -- 4 -- -- -- -- 4 -- -- 5 $121.7 -- $102.0 -- 11.3 13.0
Philadelphia-Wilmington-Atlantic City, PA-NJ-DE-
MD5 $72.3 -- $75.0 -- 3 -- -- -- -- 3 -- -- 5 $75.0 -- $81.0 -- 9.0 8.0
Portland-Salem, OR-WA 6 $88.9 -- $81.3 -- 3 -- -- -- -- 1 -- -- 6 $90.1 -- $82.1 -- 13.0 13.0
Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt
Target Bonus Total Cash Compensation Yrs. In Risk MgmtBase Salary Bonus Amount
© 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
Male 40.5% Yes 6.3%
Female 57.0% No 93.7%
Did Not Indicate 2.5% Did Not Indicate 0.0%
High School/Associate Degree 10.1% Incentive Stock Options (ISOs) 40.0%
Bachelors 51.9% Non-Qualified Stock Options (NQSOs) 0.0%
MA/MS 5.1% Restricted Stock 40.0%
MBA 22.8% 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 0.0%
Other 6.3% None of the Above Received 20.0%
* Only includes those eligible for LTI
Parent 69.6% Yes 25.3%
Division 12.7% No 74.7%
Subsidiary 1.3%
Single Location 7.6%
Other 8.9%
Gender Long-Term Incentive Eligible
Degree Type of Long-term Incentives Received*
Type of Organization Where Employed Supervise Individuals
© 2013 Risk and Insurance Management Society, Inc. (RIMS) V - 40 US Data
2013 Risk Management Compensation Survey
Risk Management Analyst
Cash Compensation (All dollar amounts are displayed in USD $000s)
Scope
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
All Respondents 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
Ownership Type
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
Publicly Traded 104 $70.3 $57.0 $68.0 $80.0 54 $7.2 $3.0 $4.8 $8.0 25 10.0% 10.0% 104 $74.0 $59.0 $71.8 $83.7 9.3 7.0
Private 58 $66.5 $55.0 $64.8 $73.0 38 $5.1 $1.8 $3.7 $6.0 20 13.0% 10.0% 58 $69.8 $57.5 $67.0 $78.9 8.8 8.0
Government 22 $68.6 $62.4 $70.8 $78.0 0 -- -- -- -- 0 -- -- 22 $68.6 $62.4 $70.8 $78.0 11.8 10.0
Not-for-Profit 15 $74.8 $55.0 $82.0 $91.1 9 $2.1 -- $1.8 -- 1 -- -- 15 $76.1 $56.4 $82.0 $91.1 13.3 12.0
Other 3 -- -- -- -- 2 -- -- -- -- 0 -- -- 3 -- -- -- -- -- --
Revenue
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
Less than $100 Million 8 $71.2 -- $67.3 -- 6 $5.0 -- $3.3 -- 4 -- -- 8 $74.9 -- $70.6 -- 10.1 8.0
$100 - $250 Million 8 $74.2 -- $71.9 -- 4 -- -- -- -- 2 -- -- 8 $78.8 -- $78.0 -- 11.7 11.5
$250 - $500 Million 14 $63.8 $52.0 $59.0 $70.0 7 $5.2 -- $5.8 -- 4 -- -- 14 $66.4 $52.0 $61.2 $77.5 11.4 8.0
$500 Million - $1 Billion 24 $65.6 $52.7 $64.0 $70.8 10 $4.0 $1.7 $3.3 $5.0 4 -- -- 24 $67.2 $54.9 $64.0 $73.5 9.0 8.0
$1 - $5 Billion 50 $73.7 $64.0 $74.2 $84.0 26 $4.3 $2.4 $4.3 $5.0 15 10.0% 10.0% 50 $75.9 $65.0 $75.5 $85.0 10.5 8.8
$5 - $10 Billion 25 $64.5 $54.0 $62.0 $72.0 13 $6.3 $1.0 $2.4 $3.5 5 11.0% 10.0% 25 $67.8 $56.0 $64.5 $72.5 9.1 8.0
Greater than $10 Billion 36 $77.9 $66.4 $74.0 $89.3 21 $8.4 $3.5 $6.0 $13.5 9 14.0% 15.0% 36 $82.8 $68.6 $78.7 $95.2 8.9 7.5
Degree
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
High School/Associate Degree 34 $67.5 $55.0 $65.8 $76.0 14 $5.7 $2.0 $5.7 $8.0 2 -- -- 34 $69.8 $56.0 $69.0 $81.0 13.0 11.0
Bachelors 118 $69.1 $56.0 $67.1 $78.0 62 $5.9 $1.9 $3.5 $7.0 28 11.0% 10.0% 118 $72.2 $57.2 $69.0 $81.4 9.4 8.5
MA/MS 15 $70.8 $67.0 $72.0 $78.0 9 $6.2 -- $4.5 -- 4 -- -- 15 $74.5 $72.0 $76.5 $79.0 9.6 7.0
MBA 21 $78.4 $65.0 $80.0 $90.0 13 $7.6 $5.0 $5.3 $9.5 10 15.0% 13.0% 21 $83.2 $70.0 $80.0 $97.0 8.5 6.0
JD 6 $73.7 -- $74.5 -- 2 -- -- -- -- 1 -- -- 6 $74.6 -- $74.5 -- 6.2 5.0
Ph.D 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Supervisory Responsibility
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
No 186 $69.1 $56.0 $67.5 $79.2 94 $5.8 $2.0 $4.0 $7.0 41 11.0% 10.0% 186 $72.0 $57.5 $70.0 $81.4 9.7 8.0
1 or Fewer 11 $74.9 $63.0 $69.0 $82.0 7 $8.0 -- $2.5 -- 4 -- -- 11 $80.0 $63.0 $78.0 $87.0 11.2 10.0
From 1 to 3 3 -- -- -- -- 1 -- -- -- -- 1 -- -- 3 -- -- -- -- -- --
From 3 to 5 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
More than 5 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
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.
Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt
© 2013 Risk and Insurance Management Society, Inc. (RIMS) V - 41 US Data
2013 Risk Management Compensation Survey
Risk Management AnalystSupports 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)
Scope
Industry
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
Agriculture 1 -- -- -- -- 1 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
Business/Info
Services/Consulting/Legal/Accounting1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
Chemical/Pharmaceutical/Biotechnology 12 $82.4 $67.5 $76.8 $95.8 11 $4.4 $0.9 $3.0 $5.0 6 7.0% 7.0% 12 $86.5 $70.8 $79.7 $98.3 8.6 8.3
Computer Software/Services 5 $78.3 -- $76.5 -- 2 -- -- -- -- 0 -- -- 5 $79.9 -- $78.9 -- 14.2 13.0
Construction/Engineering/Architectural 7 $68.7 -- $70.0 -- 4 -- -- -- -- 2 -- -- 7 $71.4 -- $72.0 -- 5.6 5.0
Education 6 $69.5 -- $63.9 -- 1 -- -- -- -- 1 -- -- 6 $72.0 -- $63.9 -- 8.8 7.5
Energy 17 $73.2 $64.0 $71.5 $82.0 12 $7.9 $2.0 $6.5 $12.5 7 13.0% 10.0% 17 $78.8 $68.0 $72.0 $88.1 9.1 6.5
Entertainment & Media 3 -- -- -- -- 2 -- -- -- -- 1 -- -- 3 -- -- -- -- -- --
Finance/Banking 9 $71.3 -- $68.0 -- 6 $3.4 -- $3.0 -- 0 -- -- 9 $73.5 -- $76.0 -- 11.8 10.0
Government 11 $67.0 $62.0 $69.0 $76.0 0 -- -- -- -- 0 -- -- 11 $67.0 $62.0 $69.0 $76.0 12.5 13.0
Healthcare 9 $71.0 -- $73.0 -- 6 $4.1 -- $3.7 -- 1 -- -- 9 $73.8 -- $78.9 -- 10.8 12.0
Hospitality 4 -- -- -- -- 3 -- -- -- -- 3 -- -- 4 -- -- -- -- -- --
Insurance 8 $73.3 -- $70.0 -- 3 -- -- -- -- 1 -- -- 8 $75.1 -- $73.8 -- 10.9 6.5
Mfg - Durable (includes Aerospace,
Computer/Office Equipment, Electronics)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
Mfg - Nondurable (includes Food, Paper & Allied
Products)7 $58.6 -- $54.0 -- 2 -- -- -- -- 1 -- -- 7 $59.8 -- $56.0 -- 6.0 4.0
Mining/Milling/Smelting 3 -- -- -- -- 0 -- -- -- -- 0 -- -- 3 -- -- -- -- -- --
Not-for-Profit 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
Real Estate 10 $53.6 $48.0 $54.5 $57.2 4 -- -- -- -- 2 -- -- 10 $56.9 $48.0 $56.6 $61.0 7.2 6.0
Research & Development 2 -- -- -- -- 2 -- -- -- -- 1 -- -- 2 -- -- -- -- -- --
Retail 7 $62.0 -- $62.9 -- 4 -- -- -- -- 1 -- -- 7 $63.8 -- $62.9 -- 9.7 10.0
Service 4 -- -- -- -- 2 -- -- -- -- 0 -- -- 4 -- -- -- -- -- --
Telecommunications 7 $60.3 -- $61.4 -- 2 -- -- -- -- 2 -- -- 7 $61.4 -- $63.9 -- 6.6 8.0
Transportation 15 $69.5 $52.0 $66.0 $80.0 7 $13.4 -- $7.0 -- 3 -- -- 15 $75.8 $62.0 $78.0 $97.0 11.3 10.0
Utilities 15 $75.6 $58.0 $70.0 $92.8 9 $5.4 -- $4.8 -- 4 -- -- 15 $78.9 $58.0 $77.8 $99.0 8.5 8.0
Wholesale Distribution 3 -- -- -- -- 1 -- -- -- -- 0 -- -- 3 -- -- -- -- -- --
Other 12 $73.2 $66.5 $74.5 $81.0 9 $5.6 -- $5.0 -- 6 9.0% 10.0% 12 $77.4 $69.0 $76.3 $90.5 11.1 11.0
Regions (defined in Section I - 15)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
North East Region 18 $82.5 $70.0 $81.5 $87.0 13 $4.4 $1.8 $3.0 $7.5 5 13.0% 10.0% 18 $85.7 $77.0 $83.0 $95.3 11.8 8.3
Mid Atlantic Region 31 $69.8 $57.7 $69.0 $76.0 17 $7.8 $3.5 $5.0 $7.4 5 12.0% 10.0% 31 $74.1 $61.0 $72.0 $81.4 9.0 7.0
South East Region 30 $64.4 $54.0 $62.1 $71.5 18 $4.6 $2.0 $3.4 $6.4 4 -- -- 30 $67.2 $56.0 $65.5 $73.4 8.1 9.0
Mississippi Valley Region 43 $64.6 $52.0 $64.5 $72.5 19 $5.7 $1.9 $3.5 $8.0 9 11.0% 10.0% 43 $67.1 $52.0 $64.5 $76.0 11.4 9.0
Mountain Region 41 $70.7 $57.0 $69.0 $80.0 19 $6.0 $2.5 $4.7 $8.0 13 12.0% 10.0% 41 $73.5 $61.0 $70.0 $80.0 8.8 7.0
Western Region 39 $72.0 $61.0 $69.0 $82.0 17 $7.1 $2.5 $4.0 $6.0 10 12.0% 10.0% 39 $75.1 $62.3 $72.0 $88.1 9.9 8.5
Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt
© 2013 Risk and Insurance Management Society, Inc. (RIMS) V - 42 US Data
2013 Risk Management Compensation Survey
Risk Management AnalystSupports 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)
Scope
State
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
CA 20 $78.7 $67.1 $76.5 $86.8 9 $5.5 -- $4.3 -- 5 10.0% 10.0% 20 $81.2 $67.3 $78.5 $90.2 12.1 11.0
CO 8 $63.5 -- $63.2 -- 4 -- -- -- -- 4 -- -- 8 $65.2 -- $66.2 -- 9.6 7.3
FL 11 $68.6 $55.0 $71.5 $80.0 5 $3.2 -- $2.0 -- 0 -- -- 11 $70.1 $56.0 $71.5 $80.0 8.4 8.0
GA 9 $62.8 -- $62.1 -- 7 $4.9 -- $3.8 -- 3 -- -- 9 $66.6 -- $68.0 -- 8.4 9.0
IL 9 $63.2 -- $57.2 -- 3 -- -- -- -- 1 -- -- 9 $64.2 -- $57.2 -- 11.1 13.0
MI 6 $64.2 -- $67.9 -- 3 -- -- -- -- 1 -- -- 6 $66.8 -- $68.8 -- 5.7 5.3
MN 6 $75.5 -- $73.7 -- 4 -- -- -- -- 2 -- -- 6 $83.6 -- $80.5 -- 11.7 9.5
NC 8 $61.9 -- $62.2 -- 4 -- -- -- -- 1 -- -- 8 $64.5 -- $62.2 -- 10.0 11.0
NY 7 $86.4 -- $86.0 -- 6 $5.1 -- $4.3 -- 2 -- -- 7 $90.8 -- $89.5 -- 10.1 8.0
OH 8 $62.4 -- $62.5 -- 3 -- -- -- -- 2 -- -- 8 $63.4 -- $62.9 -- 15.3 14.5
PA 12 $68.9 $59.4 $70.0 $73.5 7 $9.1 -- $5.3 -- 1 -- -- 12 $74.2 $64.6 $72.6 $80.0 7.3 7.0
TN 6 $58.8 -- $54.3 -- 4 -- -- -- -- 1 -- -- 6 $61.7 -- $56.3 -- 4.3 4.5
TX 27 $73.3 $60.0 $71.5 $83.0 12 $7.3 $3.3 $5.0 $9.0 7 13.0% 10.0% 27 $76.6 $62.0 $72.0 $93.0 8.6 7.0
VA 5 $77.2 -- $72.0 -- 3 -- -- -- -- 2 -- -- 5 $82.9 -- $87.0 -- 12.9 10.0
WA 6 $68.7 -- $62.7 -- 2 -- -- -- -- 1 -- -- 6 $78.2 -- $74.0 -- 7.9 8.3
WI 8 $62.5 -- $58.3 -- 3 -- -- -- -- 3 -- -- 8 $63.9 -- $60.8 -- 8.9 3.5
Cash Compensation (All dollar amounts are displayed in USD $000s)
Scope
Metro Area
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
Atlanta, GA 9 $62.8 -- $62.1 -- 7 $4.9 -- $3.8 -- 3 -- -- 9 $66.6 -- $68.0 -- 8.4 9.0
Chicago-Gary-Kenosha, IL-IN-WI 9 $63.8 -- $57.2 -- 2 -- -- -- -- 1 -- -- 9 $64.7 -- $57.2 -- 11.7 13.0
Cleveland-Akron, OH 5 $62.2 -- $60.0 -- 2 -- -- -- -- 1 -- -- 5 $63.6 -- $60.5 -- 14.9 14.0
Dallas-Fort Worth, TX 8 $68.8 -- $69.0 -- 2 -- -- -- -- 0 -- -- 8 $69.8 -- $71.0 -- 9.3 8.5
Denver-Boulder-Greeley, CO 7 $65.1 -- $65.0 -- 4 -- -- -- -- 4 -- -- 7 $67.0 -- $68.5 -- 10.1 8.5
Houston-Galveston-Brazoria, TX 16 $72.2 $56.5 $68.9 $81.0 9 $7.7 -- $5.0 -- 7 13.0% 10.0% 16 $76.5 $59.0 $69.8 $89.0 8.7 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 6 $75.5 -- $73.7 -- 4 -- -- -- -- 2 -- -- 6 $83.6 -- $80.5 -- 11.7 9.5
New York-Northern New Jersey-Long Island, NY-
NJ-CT-PA13 $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
Philadelphia-Wilmington-Atlantic City, PA-NJ-DE-
MD7 $67.4 -- $72.0 -- 3 -- -- -- -- 0 -- -- 7 $69.6 -- $72.0 -- 8.3 8.0
Raleigh-Durham-Chapel Hill, NC 6 $64.5 -- $68.5 -- 4 -- -- -- -- 1 -- -- 6 $67.9 -- $70.9 -- 11.3 13.5
San Francisco-Oakland-San Jose, CA 9 $85.2 -- $85.0 -- 4 -- -- -- -- 3 -- -- 9 $87.7 -- $88.5 -- 12.3 12.0
Washington-Baltimore, DC-MD-VA-WV 9 $80.0 -- $80.0 -- 6 $8.1 -- $4.4 -- 3 -- -- 9 $85.3 -- $87.0 -- 8.5 6.5
Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt
Target Bonus Total Cash Compensation Yrs. In Risk MgmtBase Salary Bonus Amount
© 2013 Risk and Insurance Management Society, Inc. (RIMS) V - 43 US Data
2013 Risk Management Compensation Survey
Risk Management AnalystSupports 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.
Respondent Characteristics
Male 26.2% Yes 11.4%
Female 71.3% No 88.6%
Did Not Indicate 2.5% Did Not Indicate 0.0%
High School/Associate Degree 16.8% Incentive Stock Options (ISOs) 26.1%
Bachelors 58.4% Non-Qualified Stock Options (NQSOs) 17.4%
MA/MS 7.4% Restricted Stock 43.5%
MBA 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 0.0%
* Only includes those eligible for LTI
Parent 74.8% Yes 7.9%
Division 9.4% No 92.1%
Subsidiary 6.4%
Single Location 4.0%
Other 5.4%
Gender Long-Term Incentive Eligible
Degree Type of Long-term Incentives Received*
Type of Organization Where Employed Supervise Individuals
© 2013 Risk and Insurance Management Society, Inc. (RIMS) V - 44 US Data
2013 Risk Management Compensation Survey
Claims Analyst
Cash Compensation (All dollar amounts are displayed in USD $000s)
Scope
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
All Respondents 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
Ownership Type
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
Publicly Traded 9 $67.0 -- $72.5 -- 4 -- -- -- -- 4 -- -- 9 $70.2 -- $72.5 -- 9.6 5.0
Private 1 -- -- -- -- 1 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
Government 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
Not-for-Profit 4 -- -- -- -- 2 -- -- -- -- 1 -- -- 4 -- -- -- -- -- --
Other 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Revenue
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
Less than $100 Million 2 -- -- -- -- 0 -- -- -- -- 1 -- -- 2 -- -- -- -- -- --
$100 - $250 Million 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
$250 - $500 Million 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
$500 Million - $1 Billion 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
$1 - $5 Billion 2 -- -- -- -- 1 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --
$5 - $10 Billion 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --
Greater than $10 Billion 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Degree
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
High School/Associate Degree 3 -- -- -- -- 2 -- -- -- -- 1 -- -- 3 -- -- -- -- -- --
Bachelors 9 $59.9 -- $50.0 -- 4 -- -- -- -- 3 -- -- 9 $62.2 -- $50.0 -- 6.1 4.5
MA/MS 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
MBA 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
JD 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --
Ph.D 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Supervisory Responsibility
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
No 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
1 or Fewer 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
From 1 to 3 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
From 3 to 5 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
More than 5 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
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.
Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt
© 2013 Risk and Insurance Management Society, Inc. (RIMS) V - 45 US Data
2013 Risk Management Compensation Survey
Claims AnalystReviews 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)
Scope
Industry
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
Agriculture 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Business/Info
Services/Consulting/Legal/Accounting1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
Chemical/Pharmaceutical/Biotechnology 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Computer Software/Services 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Construction/Engineering/Architectural 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Education 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Energy 2 -- -- -- -- 1 -- -- -- -- 1 -- -- 2 -- -- -- -- -- --
Entertainment & Media 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Finance/Banking 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Government 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
Healthcare 3 -- -- -- -- 2 -- -- -- -- 0 -- -- 3 -- -- -- -- -- --
Hospitality 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Insurance 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Mfg - Durable (includes Aerospace,
Computer/Office Equipment, Electronics)0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Mfg - Nondurable (includes Food, Paper & Allied
Products)0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Mining/Milling/Smelting 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Not-for-Profit 1 -- -- -- -- 0 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --
Real Estate 1 -- -- -- -- 0 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --
Research & Development 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Retail 2 -- -- -- -- 2 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --
Service 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Telecommunications 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Transportation 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Utilities 3 -- -- -- -- 2 -- -- -- -- 2 -- -- 3 -- -- -- -- -- --
Wholesale Distribution 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Other 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
Regions (defined in Section I - 15)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
North East Region 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Mid Atlantic Region 2 -- -- -- -- 1 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --
South East Region 3 -- -- -- -- 2 -- -- -- -- 3 -- -- 3 -- -- -- -- -- --
Mississippi Valley Region 1 -- -- -- -- 1 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
Mountain Region 5 $61.5 -- $53.0 -- 1 -- -- -- -- 2 -- -- 5 $61.8 -- $54.5 -- 9.7 4.5
Western Region 4 -- -- -- -- 2 -- -- -- -- 0 -- -- 4 -- -- -- -- -- --
Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt
© 2013 Risk and Insurance Management Society, Inc. (RIMS) V - 46 US Data
2013 Risk Management Compensation Survey
Claims AnalystReviews 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)
Scope
State
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
Cash Compensation (All dollar amounts are displayed in USD $000s)
Scope
Metro Area
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt
No Breakdowns Available - Insufficient Sample Size
No Breakdowns Available - Insufficient Sample Size
Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt
© 2013 Risk and Insurance Management Society, Inc. (RIMS) V - 47 US Data
2013 Risk Management Compensation Survey
Claims AnalystReviews 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.
Respondent Characteristics
Male 33.3% Yes 6.7%
Female 66.7% No 93.3%
Did Not Indicate 0.0% Did Not Indicate 0.0%
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 0.0%
Other 6.7% None of the Above Received 100.0%
* Only includes those eligible for LTI
Parent 53.3% Yes 0.0%
Division 20.0% No 100.0%
Subsidiary 6.7%
Single Location 6.7%
Other 13.3%
Degree Type of Long-term Incentives Received*
Type of Organization Where Employed Supervise Individuals
Gender Long-Term Incentive Eligible
© 2013 Risk and Insurance Management Society, Inc. (RIMS) V - 48 US Data
2013 Risk Management Compensation Survey
© 2013 Risk and Insurance Management Society, Inc. (RIMS) VI - 1 Canadian Participant List
Participant List – Canadian Respondents Respondents from over 218 organizations operating in Canada participated in the 2013 Risk Management Compensation Survey. These organizations include:
ABB
AKITA Drilling Ltd.
Alberta Health Services
AltaLink
AMSC
ArcelorMittal Dofasco
Associated Engineering
ATB Financial
ATCO Ltd.
ATCO Structures & Logistics Ltd.
Athabasca Oil Corporation
Athabasca University
Atlantic Lottery
Aviva Canada Inc.
B.C. Pavilion Corporation
Bantrel
BC Securities Commission
BCE Inc.
Bell Aliant
Bentall Kennedy
BENTALL KENNEDY (CANADA) LP
BFL Canada Risk & Insurance
British Columbia Ferry Services Inc.
Business Development Bank of Canada
CAE Inc.
Cameco Corporation
Camoplast Solideal Inc
Canada Mortgage and Housing Corporation
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
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.
2013 Risk Management Compensation Survey
© 2013 Risk and Insurance Management Society, Inc. (RIMS) VI - 2 Canadian Participant List
Gildan
GNL
Gold mining
Government of Alberta
Government of British Columbia
Government of Manitoba
Government of Newfoundland and Labrador
Government of Nova Scotia
Government of Nunavut
Government of Saskatchewan
Gowling Lafleur Henderson LLP
Grosvenor Americas
Habitat for Humanity Canada
Halifax Regional Municipality
HIAA
Hudbay
Hydro One Networks
Hydro-Quebec
IATA
Interuniversity Services Inc.
IPF
Ivanho Cambridge
J.D. Irving, Limited
JONES DESLAURIERS INSURANCE MANAGEMENT INC
Jubilee Insurance Agencies Inc.
Kal Tire
Kinross Gold Corporation
Kruger Inc.
LCBO
Ledcor Group of Companies
Ledcor Industries Inc.
London Health Sciences Centre
Magna International Inc.
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
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
2013 Risk Management Compensation Survey
© 2013 Risk and Insurance Management Society, Inc. (RIMS) VI - 3 Canadian Participant List
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
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
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
2013 Risk Management Compensation Survey
© 2013 Risk and Insurance Management Society, Inc. (RIMS) VI - 4 Canadian Participant List
This Page Intentionally Blank
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
# of
Resp.
Percent of
Respondents
Publicly Traded 68 25.2%
Private 50 18.5%
Government 101 37.4%
Not-for-Profit 39 14.4%
Other/Not Specified 12 4.4%
Revenue
# of
Resp.
Percent of
Respondents
Less than $100 Million 29 10.7%
Less than $100 Million $100 - $250 Million 28 10.4%
$100 - $250 Million $250 - $500 Million 22 8.1%
$250 - $500 Million $500 Million - $1 Billion 26 9.6%
$1 - $5 Billion 69 25.6%
$1 - $5 Billion $5 - $10 Billion 17 6.3%
$5 - $10 Billion Greater than $10 Billion 29 10.7%
Other/Not Specified 50 18.5%
Ownership Type
Revenue
25.2%
18.5%
37.4%
14.4%
4.4%
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
30.0%
35.0%
40.0%
Publicly Traded Private Government Not-for-Profit Other/Not Specified
Percent of Respondents
10.7% 10.4%
8.1% 9.6%
25.6%
6.3%
10.7%
18.5%
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
30.0%
Less than $100Million
$100 - $250Million
$250 - $500Million
$500 Million - $1Billion
$1 - $5 Billion $5 - $10 Billion Greater than $10Billion
Other/NotSpecified
Percent of Respondents
© 2013 Risk and Insurance Management Society, Inc. (RIMS) VII - 2 Canadian Participant Demographics
2013 Risk Management Compensation Survey
Canadian Participant Demographics
Organization Type
# of
Resp.
Percent of
Respondents
Parent 164 60.7%
Subsidiary 18 6.7%
Division 19 7.0%
Single Location 29 10.7%
Other 40 14.8%
Canadian Province
# 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%
PQ 1 0.4%
QC 24 8.9%
SK 16 5.9%
Organization Type
Region
60.7%
6.7% 7.0% 10.7%
14.8%
0.0%
10.0%
20.0%
30.0%
40.0%
50.0%
60.0%
70.0%
Parent Subsidiary Division Single Location Other
Percent of Respondents
22.6%
14.8%
3.3% 1.9%
3.0% 3.3%
0.4% 0.4%
34.8%
0.4% 0.4%
8.9%
5.9%
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
30.0%
35.0%
40.0%
AB BC MB NB NL NS NT NU ON PE PQ QC SK
Percent of Respondents
© 2013 Risk and Insurance Management Society, Inc. (RIMS) VII - 3 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/Accounting2 0.7%
Chemical/Pharmaceutical/Biotechnology 1 0.4%
Construction/Engineering/Architectural 9 3.3%
Education 35 13.0%
Energy 23 8.5%
Entertainment & Media 2 0.7%
Finance/Banking 10 3.7%
Government 63 23.3%
Healthcare 4 1.5%
Hospitality 4 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 8 3.0%
Not-for-Profit 7 2.6%
Real Estate 9 3.3%
Retail 4 1.5%
Service 3 1.1%
Telecommunications 8 3.0%
Transportation 15 5.6%
Utilities 14 5.2%
Wholesale Distribution 0 0.0%
Other 10 3.7%
Industry
0.4%
0.7%
0.4%
3.3%
13.0%
8.5%
0.7%
3.7%
23.3%
1.5%
1.5%
8.9%
1.1%
4.1%
3.0%
2.6%
3.3%
1.5%
1.1%
3.0%
5.6%
5.2%
0.0%
3.7%
0.0% 5.0% 10.0% 15.0% 20.0% 25.0%
Agriculture
Business/Info Services/Consulting/Legal/Accounting
Chemical/Pharmaceutical/Biotechnology
Construction/Engineering/Architectural
Education
Energy
Entertainment & Media
Finance/Banking
Government
Healthcare
Hospitality
Insurance
Mfg - Durable (includes Aerospace, Computer/Office…
Mfg - Nondurable (includes Food, Paper & Allied…
Mining/Milling/Smelting
Not-for-Profit
Real Estate
Retail
Service
Telecommunications
Transportation
Utilities
Wholesale Distribution
Other
Percent of Respondents
© 2013 Risk and Insurance Management Society, Inc. (RIMS) VII - 4 Canadian Participant Demographics
2013 Risk Management Compensation Survey
Canadian Participant Demographics
# of
Resp.
Percent of
Respondents
Do not have a Top Risk Management Executive 9 3.3%
Finance/CFO/Minister of Finance 102 37.8%
CEO/VP/Board of Directors/President 55 20.4%
Treasury 28 10.4%
Legal/Compliance Officer/Solicitor-
General/Attorney General29 10.7%
Administration/Management Board/Government
Services16 5.9%
COO 12 4.4%
Human Resources/Personnel/Employee Benefits 3 1.1%
Mayor/Governor/Premier 0 0.0%
Other 16 5.9%
n The average reported number of employees in the risk management department is 5.56 while the median is 2.20.
Who the Top Risk Management Executive reports to:
Size of Department
3.3%
37.8%
20.4%
10.4%
10.7%
5.9%
4.4%
1.1%
0.0%
5.9%
0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% 35.0% 40.0%
Do not have a Top Risk Management Executive
Finance/CFO/Minister of Finance
CEO/VP/Board of Directors/President
Treasury
Legal/Compliance Officer/Solicitor-General/AttorneyGeneral
Administration/Management Board/GovernmentServices
COO
Human Resources/Personnel/Employee Benefits
Mayor/Governor/Premier
Other
Percent of Respondents
© 2013 Risk and Insurance Management Society, Inc. (RIMS) VII - 5 Canadian Participant Demographics
2013 Risk Management Compensation Survey
Canadian Participant Demographics
Age
# of
Resp.
Percent of
Respondents
Less than 30 12 4.4%
30 - 39 42 15.6%
40 - 49 67 24.8%
50 - 59 79 29.3%
60 or Higher 16 5.9%
No Response 54 20.0%
n
Respondent Age
The average respondent age reported is 46.71 while the median is 47.00.
4.4%
15.6%
24.8%
29.3%
5.9%
20.0%
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
30.0%
35.0%
Less than 30 30 - 39 40 - 49 50 - 59 60 or Higher No Response
Percent of Respondents
© 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%
9 to 10 years 21 7.8%
11 to 15 years 19 7.0%
More than 15 years 29 10.7%
No Response 7 2.6%
n
Years in Current Position
The average years respondents reported being at their current position is 6.41 while the median is 4.00.
2.6%
31.9%
17.4%
12.6%
7.4% 7.8% 7.0%
10.7%
2.6%
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
30.0%
35.0%
Less than 1year
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 15years
No Response
Percent of Respondents
© 2013 Risk and Insurance Management Society, Inc. (RIMS) VII - 7 Canadian Participant Demographics
2013 Risk Management Compensation Survey
Canadian Participant Demographics
Gender
# of
Resp.
Percent of
Respondents
Male 155 57.4%
Female 110 40.7%
No Response 5 1.9%
Gender
57.4%
40.7%
1.9% 0.0%
10.0%
20.0%
30.0%
40.0%
50.0%
60.0%
70.0%
Male Female No Response
Percent of Respondents
© 2013 Risk and Insurance Management Society, Inc. (RIMS) VII - 8 Canadian Participant Demographics
2013 Risk Management Compensation Survey
All Positions - Canada
Cash Compensation (All dollar amounts are displayed in CAD $000s)
Job Title
# of
Resp. Average 25th pct50th pct
(median) 75th pct
# of
Resp. Average 25th pct50th pct
(median) 75th pct # of Resp. Average50th pct
(median)
# of
Resp. Average 25th pct50th pct
(median) 75th pct Average50th 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 Management7 $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 Manager0 -- -- -- -- 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
Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt
© 2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 1 All Jobs Summary - Canada
2013 Risk Management Compensation Survey
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© 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
Ownership Type
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All RespondentsAll Respondents 18 $173.6 $205.9
Publicly TradedPublicly Traded 2 -- --
Private 5 $176.0 $222.0
Government 6 $171.3 $199.5
Not-for-Profit 3 -- --
Other 2 -- --
Revenue
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 18 $173.6 $205.9
Less than $100
Million3 -- --
$100 - $250 Million$100 - $250
Million3 -- --
$250 - $500 Million$250 - $500
Million3 -- --
$500 Million - $1 Billion 1 -- --
$1 - $5 Billion$1 - $5
Billion6 $192.7 $240.8
$5 - $10 Billion$5 - $10
Billion1 -- --
Greater than
$10 Billion1 -- --
Average Compensation by Ownership Type
Average Compensation by Revenue
$1
73
.6
$0
.0
$1
76
.0
$1
71
.3
$0
.0
$0
.0
$2
05
.9
$0
.0
$2
22
.0
$1
99
.5
$0
.0
$0
.0
$0.0
$50.0
$100.0
$150.0
$200.0
$250.0
All Respondents Publicly Traded Private Government Not-for-Profit Other
Average Base Salary ($000s) Average Total Comp ($000s)
$1
73
.6
$0
.0
$0
.0
$0
.0
$0
.0
$1
92
.7
$0
.0
$0
.0
$2
05
.9
$0
.0
$0
.0
$0
.0
$0
.0
$2
40
.8
$0
.0
$0
.0
$0.0
$50.0
$100.0
$150.0
$200.0
$250.0
$300.0
All Respondents Less than $100Million
$100 - $250Million
$250 - $500Million
$500 Million - $1Billion
$1 - $5Billion
$5 - $10Billion
Greater than$10 Billion
Average Base Salary ($000s) Average Total Comp ($000s)
© 2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 3 Canadian Data
2013 Risk Management Compensation Survey
Chief Risk Officer | Vice President - Risk Management | Vice President - Strategic and Enterprise Risk
Degree
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 18 $173.6 $205.9
HS/Associate 1 -- --
Bachelors 5 $170.0 $225.0
MA/MS 1 -- --
MBA 4 -- --
JD 1 -- --
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
Average Compensation by Degree
Average Compensation by Supervisory Responsibility
$1
73
.6
$0
.0
$1
70
.0
$0
.0
$0
.0
$0
.0
$2
05
.9
$0
.0
$2
25
.0
$0
.0
$0
.0
$0
.0
$0.0
$50.0
$100.0
$150.0
$200.0
$250.0
All Respondents HS/Associate Bachelors MA/MS MBA JD
Average Base Salary ($000s) Average Total Comp ($000s)
$1
73
.6
$0
.0
$0
.0
$0
.0
$0
.0
$1
79
.3
$2
05
.9
$0
.0
$0
.0
$0
.0
$0
.0
$2
08
.5
$0.0
$50.0
$100.0
$150.0
$200.0
$250.0
All Respondents No 1 or Fewer From 1 to 3 From 3 to 5 More than 5
Average Base Salary ($000s) Average Total Comp ($000s)
© 2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 4 Canadian Data
2013 Risk Management Compensation Survey
Chief Risk Officer | Vice President - Risk Management | Vice President - Strategic and Enterprise Risk
Province
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 18 $173.6 $205.9
BC 8 $180.6 $220.0
Average Compensation by Province
Average Compensation by Industry
No Breakdowns Available - Insufficient Sample Size
$173.6
$180.6
$205.9
$220.0
$0.0 $50.0 $100.0 $150.0 $200.0 $250.0
All Respondents
BC
Average Base Salary ($000s) Average Total Comp ($000s)
© 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
Ownership Type
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All RespondentsAll Respondents 7 $132.0 $154.8
Publicly TradedPublicly Traded 3 -- --
Private 1 -- --
Government 1 -- --
Not-for-Profit 2 -- --
Other #N/A #N/A #N/A
Revenue
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 7 $132.0 $154.8
Less than $100
Million0 -- --
$100 - $250 Million$100 - $250
Million1 -- --
$250 - $500 Million$250 - $500
Million1 -- --
$500 Million - $1 Billion 1 -- --
$1 - $5 Billion$1 - $5
Billion1 -- --
$5 - $10 Billion$5 - $10
Billion1 -- --
Greater than
$10 Billion1 -- --
Average Compensation by Ownership Type
Average Compensation by Revenue
$1
32
.0
$0
.0
$0
.0
$0
.0
$0
.0
#N/A
$1
54
.8
$0
.0
$0
.0
$0
.0
$0
.0
#N/A
$0.0
$20.0
$40.0
$60.0
$80.0
$100.0
$120.0
$140.0
$160.0
$180.0
All Respondents Publicly Traded Private Government Not-for-Profit Other
Average Base Salary ($000s) Average Total Comp ($000s)
$1
32
.0
$0
.0
$0
.0
$0
.0
$0
.0
$0
.0
$0
.0
$0
.0
$1
54
.8
$0
.0
$0
.0
$0
.0
$0
.0
$0
.0
$0
.0
$0
.0
$0.0
$20.0
$40.0
$60.0
$80.0
$100.0
$120.0
$140.0
$160.0
$180.0
All Respondents Less than $100Million
$100 - $250Million
$250 - $500Million
$500 Million - $1Billion
$1 - $5Billion
$5 - $10Billion
Greater than$10 Billion
Average Base Salary ($000s) Average Total Comp ($000s)
© 2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 7 Canadian Data
2013 Risk Management Compensation Survey
Director - Business Continuity/Financial/IT Risk Management
Degree
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 7 $132.0 $154.8
HS/Associate 1 -- --
Bachelors 4 -- --
MA/MS 0 -- --
MBA 1 -- --
JD 0 -- --
Supervisory Responsibility
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 7 $132.0 $154.8
No 1 -- --
1 or Fewer 2 -- --
From 1 to 3 2 -- --
From 3 to 5 2 -- --
More than 5 0 -- --
Average Compensation by Degree
Average Compensation by Supervisory Responsibility
$1
32
.0
$0
.0
$0
.0
$0
.0
$0
.0
$0
.0
$1
54
.8
$0
.0
$0
.0
$0
.0
$0
.0
$0
.0
$0.0
$20.0
$40.0
$60.0
$80.0
$100.0
$120.0
$140.0
$160.0
$180.0
All Respondents HS/Associate Bachelors MA/MS MBA JD
Average Base Salary ($000s) Average Total Comp ($000s)
$1
32
.0
$0
.0
$0
.0
$0
.0
$0
.0
$0
.0
$1
54
.8
$0
.0
$0
.0
$0
.0
$0
.0
$0
.0
$0.0
$20.0
$40.0
$60.0
$80.0
$100.0
$120.0
$140.0
$160.0
$180.0
All Respondents No 1 or Fewer From 1 to 3 From 3 to 5 More than 5
Average Base Salary ($000s) Average Total Comp ($000s)
© 2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 8 Canadian Data
2013 Risk Management Compensation Survey
Director - Business Continuity/Financial/IT Risk Management
Average Compensation by Province
No Breakdowns Available - Insufficient Sample Size
Average Compensation by Industry
No Breakdowns Available - Insufficient Sample Size
© 2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 9 Canadian Data
2013 Risk Management Compensation Survey
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© 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
Ownership Type
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All RespondentsAll Respondents 36 $122.8 $128.4
Publicly TradedPublicly 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 -- --
Revenue
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 36 $122.8 $128.4
Less than $100
Million9 $99.9 $102.5
$100 - $250 Million$100 - $250
Million2 -- --
$250 - $500 Million$250 - $500
Million4 -- --
$500 Million - $1 Billion 5 $121.9 $124.1
$1 - $5 Billion$1 - $5
Billion11 $114.8 $120.0
$5 - $10 Billion$5 - $10
Billion1 -- --
Greater than
$10 Billion1 -- --
Average Compensation by Ownership Type
Average Compensation by Revenue
$1
22
.8
$2
05
.2
$1
12
.0
$1
13
.4
$1
03
.8
$0
.0
$1
28
.4
$2
25
.2
$1
23
.7
$1
14
.9
$1
05
.2
$0
.0
$0.0
$50.0
$100.0
$150.0
$200.0
$250.0
All Respondents Publicly Traded Private Government Not-for-Profit Other
Average Base Salary ($000s) Average Total Comp ($000s)
$1
22
.8
$9
9.9
$0
.0
$0
.0
$1
21
.9
$1
14
.8
$0
.0
$0
.0
$1
28
.4
$1
02
.5
$0
.0
$0
.0
$1
24
.1
$1
20
.0
$0
.0
$0
.0
$0.0
$20.0
$40.0
$60.0
$80.0
$100.0
$120.0
$140.0
All Respondents Less than $100Million
$100 - $250Million
$250 - $500Million
$500 Million - $1Billion
$1 - $5Billion
$5 - $10Billion
Greater than$10 Billion
Average Base Salary ($000s) Average Total Comp ($000s)
© 2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 11 Canadian Data
2013 Risk Management Compensation Survey
Director - Enterprise Risk Management (ERM)/Strategic Risk Management / Risk Intelligence
Degree
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 36 $122.8 $128.4
HS/Associate 6 $123.8 $135.6
Bachelors 9 $105.4 $111.8
MA/MS 3 -- --
MBA 8 $130.0 $130.0
JD 1 -- --
Supervisory Responsibility
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 36 $122.8 $128.4
No 14 $130.8 $134.2
1 or Fewer 8 $117.2 $135.2
From 1 to 3 6 $107.4 $108.0
From 3 to 5 4 -- --
More than 5 3 -- --
Average Compensation by Degree
Average Compensation by Supervisory Responsibility
$1
22
.8
$1
23
.8
$1
05
.4
$0
.0
$1
30
.0
$0
.0
$1
28
.4
$1
35
.6
$1
11
.8
$0
.0
$1
30
.0
$0
.0
$0.0
$20.0
$40.0
$60.0
$80.0
$100.0
$120.0
$140.0
$160.0
All Respondents HS/Associate Bachelors MA/MS MBA JD
Average Base Salary ($000s) Average Total Comp ($000s)
$1
22
.8
$1
30
.8
$1
17
.2
$1
07
.4
$0
.0
$0
.0
$1
28
.4
$1
34
.2
$1
35
.2
$1
08
.0
$0
.0
$0
.0
$0.0
$20.0
$40.0
$60.0
$80.0
$100.0
$120.0
$140.0
$160.0
All Respondents No 1 or Fewer From 1 to 3 From 3 to 5 More than 5
Average Base Salary ($000s) Average Total Comp ($000s)
© 2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 12 Canadian Data
2013 Risk Management Compensation Survey
Director - Enterprise Risk Management (ERM)/Strategic Risk Management / Risk Intelligence
Industry
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 36 $122.8 $128.4
Education 7 $116.1 $116.6
Government 9 $116.1 $116.9
Insurance 5 $102.0 $103.0
Province
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 36 $122.8 $128.4
AB 10 $142.1 $145.6
ON 10 $124.2 $134.9
SK 6 $109.5 $111.8
Average Compensation by Province
Average Compensation by Industry
$122.8
$116.1
$116.1
$102.0
$128.4
$116.6
$116.9
$103.0
$0.0 $20.0 $40.0 $60.0 $80.0 $100.0 $120.0 $140.0
All Respondents
Education
Government
Insurance
Average Base Salary ($000s) Average Total Comp ($000s)
$122.8
$142.1
$124.2
$109.5
$128.4
$145.6
$134.9
$111.8
$0.0 $20.0 $40.0 $60.0 $80.0 $100.0 $120.0 $140.0 $160.0
All Respondents
AB
ON
SK
Average Base Salary ($000s) Average Total Comp ($000s)
© 2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 13 Canadian Data
2013 Risk Management Compensation Survey
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© 2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 14
2013 Risk Management Compensation Survey
Director - Insurance and Risk Management
Ownership Type
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All RespondentsAll Respondents 80 $119.1 $133.1
Publicly TradedPublicly Traded 22 $125.3 $154.9
Private 17 $120.2 $138.9
Government 26 $113.1 $116.1
Not-for-Profit 13 $115.2 $118.3
Other 2 -- --
Revenue
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 80 $119.1 $133.1
Less than $100
Million4 -- --
$100 - $250 Million$100 - $250
Million9 $106.4 $109.1
$250 - $500 Million$250 - $500
Million7 $128.2 $133.4
$500 Million - $1 Billion 7 $107.1 $117.3
$1 - $5 Billion$1 - $5
Billion23 $122.8 $138.5
$5 - $10 Billion$5 - $10
Billion6 $119.7 $134.8
Greater than
$10 Billion13 $124.7 $152.9
Average Compensation by Ownership Type
Average Compensation by Revenue
$1
19
.1
$1
25
.3
$1
20
.2
$1
13
.1
$1
15
.2
$0
.0
$1
33
.1 $1
54
.9
$1
38
.9
$1
16
.1
$1
18
.3
$0
.0
$0.0
$20.0
$40.0
$60.0
$80.0
$100.0
$120.0
$140.0
$160.0
$180.0
All Respondents Publicly Traded Private Government Not-for-Profit Other
Average Base Salary ($000s) Average Total Comp ($000s)
$1
19
.1
$0
.0
$1
06
.4 $
12
8.2
$1
07
.1
$1
22
.8
$1
19
.7
$1
24
.7
$1
33
.1
$0
.0
$1
09
.1 $
13
3.4
$1
17
.3 $1
38
.5
$1
34
.8
$1
52
.9
$0.0
$20.0
$40.0
$60.0
$80.0
$100.0
$120.0
$140.0
$160.0
$180.0
All Respondents Less than $100Million
$100 - $250Million
$250 - $500Million
$500 Million - $1Billion
$1 - $5Billion
$5 - $10Billion
Greater than$10 Billion
Average Base Salary ($000s) Average Total Comp ($000s)
© 2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 15 Canadian Data
2013 Risk Management Compensation Survey
Director - Insurance and Risk Management
Degree
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 80 $119.1 $133.1
HS/Associate 16 $107.7 $118.8
Bachelors 38 $120.0 $136.3
MA/MS 1 -- --
MBA 10 $131.6 $153.7
JD 3 -- --
Supervisory Responsibility
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 80 $119.1 $133.1
No 16 $109.2 $121.9
1 or Fewer 16 $123.0 $143.0
From 1 to 3 17 $118.0 $131.8
From 3 to 5 10 $112.9 $122.8
More than 5 16 $127.2 $139.8
Average Compensation by Degree
Average Compensation by Supervisory Responsibility
$1
19
.1
$1
07
.7
$1
20
.0
$0
.0
$1
31
.6
$0
.0
$1
33
.1
$1
18
.8
$1
36
.3
$0
.0
$1
53
.7
$0
.0
$0.0
$20.0
$40.0
$60.0
$80.0
$100.0
$120.0
$140.0
$160.0
$180.0
All Respondents HS/Associate Bachelors MA/MS MBA JD
Average Base Salary ($000s) Average Total Comp ($000s)
$1
19
.1
$1
09
.2
$1
23
.0
$1
18
.0
$1
12
.9
$1
27
.2
$1
33
.1
$1
21
.9 $1
43
.0
$1
31
.8
$1
22
.8
$1
39
.8
$0.0
$20.0
$40.0
$60.0
$80.0
$100.0
$120.0
$140.0
$160.0
All Respondents No 1 or Fewer From 1 to 3 From 3 to 5 More than 5
Average Base Salary ($000s) Average Total Comp ($000s)
© 2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 16 Canadian Data
2013 Risk Management Compensation Survey
Director - Insurance and Risk Management
Industry
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 80 $119.1 $133.1
Education 13 $112.6 $112.7
Energy 6 $147.1 $185.8
Government 21 $109.8 $110.4
Mfg - Nondurable (includes Food, Paper & Allied
Products)7 $121.8 $136.2
Telecommunications 6 $102.4 $116.6
Transportation 5 $114.2 $124.1
Province
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 80 $119.1 $133.1
AB 17 $120.6 $135.9
BC 8 $105.2 $111.2
ON 33 $122.5 $139.1
QC 9 $133.0 $155.2
Average Compensation by Province
Average Compensation by Industry
$119.1
$112.6
$147.1
$109.8
$121.8
$102.4
$114.2
$133.1
$112.7
$185.8
$110.4
$136.2
$116.6
$124.1
$0.0 $20.0 $40.0 $60.0 $80.0 $100.0 $120.0 $140.0 $160.0 $180.0 $200.0
All Respondents
Education
Energy
Government
Mfg - Nondurable(includes Food, Paper &
Allied Products)
Telecommunications
Transportation
Average Base Salary ($000s) Average Total Comp ($000s)
$119.1
$120.6
$105.2
$122.5
$133.0
$133.1
$135.9
$111.2
$139.1
$155.2
$0.0 $20.0 $40.0 $60.0 $80.0 $100.0 $120.0 $140.0 $160.0 $180.0
All Respondents
AB
BC
ON
QC
Average Base Salary ($000s) Average Total Comp ($000s)
© 2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 17 Canadian Data
2013 Risk Management Compensation Survey
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© 2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 18
2013 Risk Management Compensation Survey
Manager - Insurance Management
Ownership Type
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All RespondentsAll Respondents 46 $100.3 $106.4
Publicly TradedPublicly Traded 14 $114.7 $128.0
Private 8 $87.1 $93.8
Government 17 $97.7 $99.2
Not-for-Profit 5 $93.5 $93.8
Other 2 -- --
Revenue
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 46 $100.3 $106.4
Less than $100
Million3 -- --
$100 - $250 Million$100 - $250
Million6 $102.5 $104.1
$250 - $500 Million$250 - $500
Million5 $102.0 $104.2
$500 Million - $1 Billion 5 $101.0 $113.2
$1 - $5 Billion$1 - $5
Billion10 $116.8 $129.4
$5 - $10 Billion$5 - $10
Billion4 -- --
Greater than
$10 Billion4 -- --
Average Compensation by Ownership Type
Average Compensation by Revenue
$1
00
.3
$1
14
.7
$8
7.1
$9
7.7
$9
3.5
$0
.0
$1
06
.4 $
12
8.0
$9
3.8
$9
9.2
$9
3.8
$0
.0
$0.0
$20.0
$40.0
$60.0
$80.0
$100.0
$120.0
$140.0
All Respondents Publicly Traded Private Government Not-for-Profit Other
Average Base Salary ($000s) Average Total Comp ($000s)
$1
00
.3
$0
.0
$1
02
.5
$1
02
.0
$1
01
.0 $1
16
.8
$0
.0
$0
.0
$1
06
.4
$0
.0
$1
04
.1
$1
04
.2
$1
13
.2 $1
29
.4
$0
.0
$0
.0
$0.0
$20.0
$40.0
$60.0
$80.0
$100.0
$120.0
$140.0
All Respondents Less than $100Million
$100 - $250Million
$250 - $500Million
$500 Million - $1Billion
$1 - $5Billion
$5 - $10Billion
Greater than$10 Billion
Average Base Salary ($000s) Average Total Comp ($000s)
© 2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 19 Canadian Data
2013 Risk Management Compensation Survey
Manager - Insurance Management
Degree
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 46 $100.3 $106.4
HS/Associate 10 $107.7 $117.8
Bachelors 23 $95.9 $101.9
MA/MS 2 -- --
MBA 5 $103.2 $109.5
JD 0 -- --
Supervisory Responsibility
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 46 $100.3 $106.4
No 17 $88.7 $93.5
1 or Fewer 14 $105.9 $114.5
From 1 to 3 7 $106.1 $107.5
From 3 to 5 3 -- --
More than 5 5 $101.5 $108.9
Average Compensation by Degree
Average Compensation by Supervisory Responsibility
$1
00
.3
$1
07
.7
$9
5.9
$0
.0
$1
03
.2
$0
.0
$1
06
.4
$1
17
.8
$1
01
.9
$0
.0
$1
09
.5
$0
.0
$0.0
$20.0
$40.0
$60.0
$80.0
$100.0
$120.0
$140.0
All Respondents HS/Associate Bachelors MA/MS MBA JD
Average Base Salary ($000s) Average Total Comp ($000s)
$1
00
.3
$8
8.7
$1
05
.9
$1
06
.1
$0
.0
$1
01
.5
$1
06
.4
$9
3.5
$1
14
.5
$1
07
.5
$0
.0
$1
08
.9
$0.0
$20.0
$40.0
$60.0
$80.0
$100.0
$120.0
$140.0
All Respondents No 1 or Fewer From 1 to 3 From 3 to 5 More than 5
Average Base Salary ($000s) Average Total Comp ($000s)
© 2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 20 Canadian Data
2013 Risk Management Compensation Survey
Manager - Insurance Management
Industry
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 46 $100.3 $106.4
Government 10 $90.5 $90.5
Utilities 7 $122.4 $130.0
Other 5 $111.8 $123.5
Province
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 46 $100.3 $106.4
AB 11 $120.6 $130.5
BC 5 $85.3 $85.3
ON 17 $92.8 $99.9
Average Compensation by Province
Average Compensation by Industry
$100.3
$90.5
$122.4
$111.8
$106.4
$90.5
$130.0
$123.5
$0.0 $20.0 $40.0 $60.0 $80.0 $100.0 $120.0 $140.0
All Respondents
Government
Utilities
Other
Average Base Salary ($000s) Average Total Comp ($000s)
$100.3
$120.6
$85.3
$92.8
$106.4
$130.5
$85.3
$99.9
$0.0 $20.0 $40.0 $60.0 $80.0 $100.0 $120.0 $140.0
All Respondents
AB
BC
ON
Average Base Salary ($000s) Average Total Comp ($000s)
© 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
Ownership Type
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All RespondentsAll Respondents 12 $84.3 $87.5
Publicly TradedPublicly Traded 1 -- --
Private 3 -- --
Government 5 $73.1 $75.9
Not-for-Profit 2 -- --
Other 1 -- --
Revenue
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 12 $84.3 $87.5
Less than $100
Million2 -- --
$100 - $250 Million$100 - $250
Million2 -- --
$250 - $500 Million$250 - $500
Million1 -- --
$500 Million - $1 Billion 0 -- --
$1 - $5 Billion$1 - $5
Billion1 -- --
$5 - $10 Billion$5 - $10
Billion2 -- --
Greater than
$10 Billion1 -- --
Average Compensation by Ownership Type
Average Compensation by Revenue
$8
4.3
$0
.0
$0
.0
$7
3.1
$0
.0
$0
.0
$8
7.5
$0
.0
$0
.0
$7
5.9
$0
.0
$0
.0
$0.0
$10.0
$20.0
$30.0
$40.0
$50.0
$60.0
$70.0
$80.0
$90.0
$100.0
All Respondents Publicly Traded Private Government Not-for-Profit Other
Average Base Salary ($000s) Average Total Comp ($000s)
$8
4.3
$0
.0
$0
.0
$0
.0
$0
.0
$0
.0
$0
.0
$0
.0
$8
7.5
$0
.0
$0
.0
$0
.0
$0
.0
$0
.0
$0
.0
$0
.0
$0.0
$10.0
$20.0
$30.0
$40.0
$50.0
$60.0
$70.0
$80.0
$90.0
$100.0
All Respondents Less than $100Million
$100 - $250Million
$250 - $500Million
$500 Million - $1Billion
$1 - $5Billion
$5 - $10Billion
Greater than$10 Billion
Average Base Salary ($000s) Average Total Comp ($000s)
© 2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 25 Canadian Data
2013 Risk Management Compensation Survey
Claims Manager
Degree
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 12 $84.3 $87.5
HS/Associate 4 -- --
Bachelors 2 -- --
MA/MS 0 -- --
MBA 0 -- --
JD 0 -- --
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 -- --
Average Compensation by Degree
Average Compensation by Supervisory Responsibility
$8
4.3
$0
.0
$0
.0
$0
.0
$0
.0
$0
.0
$8
7.5
$0
.0
$0
.0
$0
.0
$0
.0
$0
.0
$0.0
$10.0
$20.0
$30.0
$40.0
$50.0
$60.0
$70.0
$80.0
$90.0
$100.0
All Respondents HS/Associate Bachelors MA/MS MBA JD
Average Base Salary ($000s) Average Total Comp ($000s)
$8
4.3
$7
4.0
$0
.0
$0
.0
$0
.0
$0
.0
$8
7.5
$7
8.8
$0
.0
$0
.0
$0
.0
$0
.0
$0.0
$10.0
$20.0
$30.0
$40.0
$50.0
$60.0
$70.0
$80.0
$90.0
$100.0
All Respondents No 1 or Fewer From 1 to 3 From 3 to 5 More than 5
Average Base Salary ($000s) Average Total Comp ($000s)
© 2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 26 Canadian Data
2013 Risk Management Compensation Survey
Claims Manager
Average Compensation by Province
No Breakdowns Available - Insufficient Sample Size
Average Compensation by Industry
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
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© 2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 30
2013 Risk Management Compensation Survey
Risk Management Analyst (Enterprise-Wide)
Ownership Type
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All RespondentsAll Respondents 32 $84.6 $89.9
Publicly TradedPublicly Traded 12 $94.4 $104.6
Private 4 -- --
Government 10 $78.0 $78.5
Not-for-Profit 5 $71.0 $71.9
Other 1 -- --
Revenue
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 32 $84.6 $89.9
Less than $100
Million3 -- --
$100 - $250 Million$100 - $250
Million4 -- --
$250 - $500 Million$250 - $500
Million0 -- --
$500 Million - $1 Billion 0 -- --
$1 - $5 Billion$1 - $5
Billion7 $88.3 $97.2
$5 - $10 Billion$5 - $10
Billion0 -- --
Greater than
$10 Billion7 $94.6 $102.0
Average Compensation by Ownership Type
Average Compensation by Revenue
$8
4.6
$9
4.4
$0
.0
$7
8.0
$7
1.0
$0
.0
$8
9.9
$1
04
.6
$0
.0
$7
8.5
$7
1.9
$0
.0
$0.0
$20.0
$40.0
$60.0
$80.0
$100.0
$120.0
All Respondents Publicly Traded Private Government Not-for-Profit Other
Average Base Salary ($000s) Average Total Comp ($000s)
$8
4.6
$0
.0
$0
.0
$0
.0
$0
.0
$8
8.3
$0
.0
$9
4.6
$8
9.9
$0
.0
$0
.0
$0
.0
$0
.0
$9
7.2
$0
.0
$1
02
.0
$0.0
$20.0
$40.0
$60.0
$80.0
$100.0
$120.0
All Respondents Less than $100Million
$100 - $250Million
$250 - $500Million
$500 Million - $1Billion
$1 - $5Billion
$5 - $10Billion
Greater than$10 Billion
Average Base Salary ($000s) Average Total Comp ($000s)
© 2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 31 Canadian Data
2013 Risk Management Compensation Survey
Risk Management Analyst (Enterprise-Wide)
Degree
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 32 $84.6 $89.9
HS/Associate 5 $79.1 $79.9
Bachelors 14 $73.1 $78.0
MA/MS 2 -- --
MBA 3 -- --
JD 0 -- --
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
1 or Fewer 5 $89.6 $103.5
From 1 to 3 0 -- --
From 3 to 5 0 -- --
More than 5 1 -- --
Average Compensation by Degree
Average Compensation by Supervisory Responsibility
$8
4.6
$7
9.1
$7
3.1
$0
.0
$0
.0
$0
.0
$8
9.9
$7
9.9
$7
8.0
$0
.0
$0
.0
$0
.0
$0.0
$10.0
$20.0
$30.0
$40.0
$50.0
$60.0
$70.0
$80.0
$90.0
$100.0
All Respondents HS/Associate Bachelors MA/MS MBA JD
Average Base Salary ($000s) Average Total Comp ($000s)
$8
4.6
$8
2.3
$8
9.6
$0
.0
$0
.0
$0
.0
$8
9.9
$8
5.1
$1
03
.5
$0
.0
$0
.0
$0
.0
$0.0
$20.0
$40.0
$60.0
$80.0
$100.0
$120.0
All Respondents No 1 or Fewer From 1 to 3 From 3 to 5 More than 5
Average Base Salary ($000s) Average Total Comp ($000s)
© 2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 32 Canadian Data
2013 Risk Management Compensation Survey
Risk Management Analyst (Enterprise-Wide)
Industry
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 32 $84.6 $89.9
Energy 6 $109.5 $125.9
Government 7 $78.1 $78.1
Insurance 5 $78.2 $79.6
Province
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 32 $84.6 $89.9
AB 8 $104.6 $116.9
BC 6 $90.0 $94.2
ON 11 $70.2 $71.9
Average Compensation by Province
Average Compensation by Industry
$84.6
$109.5
$78.1
$78.2
$89.9
$125.9
$78.1
$79.6
$0.0 $20.0 $40.0 $60.0 $80.0 $100.0 $120.0 $140.0
All Respondents
Energy
Government
Insurance
Average Base Salary ($000s) Average Total Comp ($000s)
$84.6
$104.6
$90.0
$70.2
$89.9
$116.9
$94.2
$71.9
$0.0 $20.0 $40.0 $60.0 $80.0 $100.0 $120.0 $140.0
All Respondents
AB
BC
ON
Average Base Salary ($000s) Average Total Comp ($000s)
© 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
Ownership Type
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All RespondentsAll Respondents 31 $76.3 $79.3
Publicly TradedPublicly Traded 9 $79.2 $85.7
Private 6 $73.7 $79.2
Government 12 $77.7 $77.7
Not-for-Profit 2 -- --
Other 2 -- --
Revenue
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 31 $76.3 $79.3
Less than $100
Million5 $70.3 $72.3
$100 - $250 Million$100 - $250
Million1 -- --
$250 - $500 Million$250 - $500
Million0 -- --
$500 Million - $1 Billion 7 $70.6 $72.3
$1 - $5 Billion$1 - $5
Billion9 $83.2 $87.6
$5 - $10 Billion$5 - $10
Billion2 -- --
Greater than
$10 Billion1 -- --
Average Compensation by Ownership Type
Average Compensation by Revenue
$7
6.3
$7
9.2
$7
3.7
$7
7.7
$0
.0
$0
.0
$7
9.3
$8
5.7
$7
9.2
$7
7.7
$0
.0
$0
.0
$0.0
$10.0
$20.0
$30.0
$40.0
$50.0
$60.0
$70.0
$80.0
$90.0
All Respondents Publicly Traded Private Government Not-for-Profit Other
Average Base Salary ($000s) Average Total Comp ($000s)
$7
6.3
$7
0.3
$0
.0
$0
.0
$7
0.6
$8
3.2
$0
.0
$0
.0
$7
9.3
$7
2.3
$0
.0
$0
.0
$7
2.3
$8
7.6
$0
.0
$0
.0
$0.0
$10.0
$20.0
$30.0
$40.0
$50.0
$60.0
$70.0
$80.0
$90.0
$100.0
All Respondents Less than $100Million
$100 - $250Million
$250 - $500Million
$500 Million - $1Billion
$1 - $5Billion
$5 - $10Billion
Greater than$10 Billion
Average Base Salary ($000s) Average Total Comp ($000s)
© 2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 35 Canadian Data
2013 Risk Management Compensation Survey
Risk Management Analyst
Degree
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 31 $76.3 $79.3
HS/Associate 4 -- --
Bachelors 11 $70.3 $72.5
MA/MS 0 -- --
MBA 2 -- --
JD 0 -- --
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
1 or Fewer 3 -- --
From 1 to 3 2 -- --
From 3 to 5 0 -- --
More than 5 1 -- --
Average Compensation by Degree
Average Compensation by Supervisory Responsibility
$7
6.3
$0
.0
$7
0.3
$0
.0
$0
.0
$0
.0
$7
9.3
$0
.0
$7
2.5
$0
.0
$0
.0
$0
.0
$0.0
$10.0
$20.0
$30.0
$40.0
$50.0
$60.0
$70.0
$80.0
$90.0
All Respondents HS/Associate Bachelors MA/MS MBA JD
Average Base Salary ($000s) Average Total Comp ($000s)
$7
6.3
$7
5.0
$0
.0
$0
.0
$0
.0
$0
.0
$7
9.3
$7
7.8
$0
.0
$0
.0
$0
.0
$0
.0
$0.0
$10.0
$20.0
$30.0
$40.0
$50.0
$60.0
$70.0
$80.0
$90.0
All Respondents No 1 or Fewer From 1 to 3 From 3 to 5 More than 5
Average Base Salary ($000s) Average Total Comp ($000s)
© 2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 36 Canadian Data
2013 Risk Management Compensation Survey
Risk Management Analyst
Industry
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 31 $76.3 $79.3
Education 6 $69.2 $69.2
Energy 7 $79.8 $85.5
Government 6 $83.4 $83.4
Province
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 31 $76.3 $79.3
AB 10 $81.2 $86.0
ON 9 $75.8 $77.6
Average Compensation by Province
Average Compensation by Industry
$76.3
$69.2
$79.8
$83.4
$79.3
$69.2
$85.5
$83.4
$0.0 $10.0 $20.0 $30.0 $40.0 $50.0 $60.0 $70.0 $80.0 $90.0
All Respondents
Education
Energy
Government
Average Base Salary ($000s) Average Total Comp ($000s)
$76.3
$81.2
$75.8
$79.3
$86.0
$77.6
$0.0 $10.0 $20.0 $30.0 $40.0 $50.0 $60.0 $70.0 $80.0 $90.0 $100.0
All Respondents
AB
ON
Average Base Salary ($000s) Average Total Comp ($000s)
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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
Ownership Type
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All RespondentsAll Respondents 7 $60.4 $60.4
Publicly TradedPublicly Traded 0 -- --
Private 0 -- --
Government 7 $60.4 $60.4
Not-for-Profit 0 -- --
Other 0 -- --
Average Compensation by Ownership Type
Average Compensation by Revenue
No Breakdowns Available - Insufficient Sample Size$
60
.4
$0
.0
$0
.0
$6
0.4
$0
.0
$0
.0
$6
0.4
$0
.0
$0
.0
$6
0.4
$0
.0
$0
.0
$0.0
$10.0
$20.0
$30.0
$40.0
$50.0
$60.0
$70.0
All Respondents Publicly Traded Private Government Not-for-Profit Other
Average Base Salary ($000s) Average Total Comp ($000s)
© 2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 39 Canadian Data
2013 Risk Management Compensation Survey
Claims Analyst
Supervisory Responsibility
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 7 $60.4 $60.4
No 6 $60.6 $60.6
1 or Fewer 1 -- --
From 1 to 3 0 -- --
From 3 to 5 0 -- --
More than 5 0 -- --
Average Compensation by Degree
Average Compensation by Supervisory Responsibility
No Breakdowns Available - Insufficient Sample Size
$6
0.4
$6
0.6
$0
.0
$0
.0
$0
.0
$0
.0
$6
0.4
$6
0.6
$0
.0
$0
.0
$0
.0
$0
.0
$0.0
$10.0
$20.0
$30.0
$40.0
$50.0
$60.0
$70.0
All Respondents No 1 or Fewer From 1 to 3 From 3 to 5 More than 5
Average Base Salary ($000s) Average Total Comp ($000s)
© 2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 40 Canadian Data
2013 Risk Management Compensation Survey
Claims Analyst
Average Compensation by Province
No Breakdowns Available - Insufficient Sample Size
Average Compensation by Industry
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
Cash Compensation (All dollar amounts are displayed in CAD $000s)
Scope
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
All Respondents 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
Ownership Type
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
Publicly Traded 2 -- -- -- -- 2 -- -- -- -- 2 -- -- 2 -- -- -- -- -- --
Private 5 $176.0 -- $175.0 -- 3 -- -- -- -- 3 -- -- 5 $222.0 -- $220.0 -- 6.6 7.0
Government 6 $171.3 -- $146.5 -- 3 -- -- -- -- 3 -- -- 6 $199.5 -- $169.0 -- 18.3 14.0
Not-for-Profit 3 -- -- -- -- 1 -- -- -- -- 1 -- -- 3 -- -- -- -- -- --
Other 2 -- -- -- -- 1 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --
Revenue
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
Less than $100 Million 3 -- -- -- -- 2 -- -- -- -- 2 -- -- 3 -- -- -- -- -- --
$100 - $250 Million 3 -- -- -- -- 1 -- -- -- -- 0 -- -- 3 -- -- -- -- -- --
$250 - $500 Million 3 -- -- -- -- 1 -- -- -- -- 1 -- -- 3 -- -- -- -- -- --
$500 Million - $1 Billion 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --
$1 - $5 Billion 6 $192.7 -- $187.5 -- 4 -- -- -- -- 4 -- -- 6 $240.8 -- $247.5 -- 18.3 17.0
$5 - $10 Billion 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
Greater than $10 Billion 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --
Degree
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
High School/Associate Degree 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --
Bachelors 5 $170.0 -- $175.0 -- 4 -- -- -- -- 3 -- -- 5 $225.0 -- $225.0 -- 16.4 9.0
MA/MS 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
MBA 4 -- -- -- -- 1 -- -- -- -- 0 -- -- 4 -- -- -- -- -- --
JD 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --
Ph.D 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --
Supervisory Responsibility
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
No 1 -- -- -- -- 1 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
1 or Fewer 2 -- -- -- -- 0 -- -- -- -- 1 -- -- 2 -- -- -- -- -- --
From 1 to 3 4 -- -- -- -- 3 -- -- -- -- 3 -- -- 4 -- -- -- -- -- --
From 3 to 5 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --
More than 5 6 $179.3 -- $188.5 -- 3 -- -- -- -- 2 -- -- 6 $208.5 -- $216.0 -- 11.0 11.0
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.
Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt
© 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 RiskDescription 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.
Cash Compensation (All dollar amounts are displayed in CAD $000s)
Scope
Industry
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
Scope
Province
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
BC 8 $180.6 -- $176.0 -- 5 $63.0 -- $60.0 -- 3 -- -- 8 $220.0 -- $223.5 -- 12.1 9.5
Respondent Characteristics
Male 83.3% Yes 66.7%
Female 16.7% No 33.3%
Did Not Indicate 0.0% Did Not Indicate 0.0%
High School/Associate Degree 5.6% Incentive Stock Options (ISOs) 8.3%
Bachelors 27.8% Non-Qualified Stock Options (NQSOs) 0.0%
MA/MS 5.6% Restricted Stock 25.0%
MBA 22.2% 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% None of the Above Received 8.3%
* Only includes those eligible for LTI
Parent 66.7% Yes 94.4%
Division 0.0% No 5.6%
Subsidiary 16.7%
Single Location 11.1%
Other 5.6%
Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt
No Breakdowns Available - Insufficient Sample Size
Degree Type of Long-term Incentives Received*
Type of Organization Where Employed Supervise Individuals
Gender Long-Term Incentive Eligible
Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt
© 2013 Risk and Insurance Management Society, Inc. (RIMS) IX - 2 Canadian Data
2013 Risk Management Compensation Survey
Director - Business Continuity/Financial/IT Risk Management
Cash Compensation (All dollar amounts are displayed in CAD $000s)
Scope
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
All Respondents 7 $132.0 -- $132.0 -- 4 -- -- -- -- 3 -- -- 7 $154.8 -- $132.0 -- 11.9 12.0
Ownership Type
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
Publicly Traded 3 -- -- -- -- 3 -- -- -- -- 3 -- -- 3 -- -- -- -- -- --
Private 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
Government 1 -- -- -- -- 1 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
Not-for-Profit 2 -- -- -- -- 0 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --
Other #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A
Revenue
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
Less than $100 Million 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
$100 - $250 Million 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
$250 - $500 Million 1 -- -- -- -- 1 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
$500 Million - $1 Billion 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
$1 - $5 Billion 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --
$5 - $10 Billion 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --
Greater than $10 Billion 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --
Degree
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
High School/Associate Degree 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --
Bachelors 4 -- -- -- -- 2 -- -- -- -- 1 -- -- 4 -- -- -- -- -- --
MA/MS 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
MBA 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --
JD 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Ph.D 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Supervisory Responsibility
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
No 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
1 or Fewer 2 -- -- -- -- 1 -- -- -- -- 1 -- -- 2 -- -- -- -- -- --
From 1 to 3 2 -- -- -- -- 1 -- -- -- -- 1 -- -- 2 -- -- -- -- -- --
From 3 to 5 2 -- -- -- -- 2 -- -- -- -- 1 -- -- 2 -- -- -- -- -- --
More than 5 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
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.
Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt
© 2013 Risk and Insurance Management Society, Inc. (RIMS) IX - 3 Canadian Data
2013 Risk Management Compensation Survey
Director - Business Continuity/Financial/IT Risk ManagementCombination 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)
Scope
Industry
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
Scope
Province
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
Respondent Characteristics
Male 85.7% Yes 14.3%
Female 14.3% No 85.7%
Did Not Indicate 0.0% Did Not Indicate 0.0%
High School/Associate Degree 14.3% Incentive Stock Options (ISOs) --
Bachelors 57.1% Non-Qualified Stock Options (NQSOs) --
MA/MS 0.0% Restricted Stock --
MBA 14.3% Stock Appreciation Rights (SARs) --
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%
Subsidiary 14.3%
Single Location 28.6%
Other 14.3%
Type of Organization Where Employed Supervise Individuals
Base Salary Bonus Amount Target Bonus
No Breakdowns Available - Insufficient Sample Size
Gender Long-Term Incentive Eligible
Degree Type of Long-term Incentives Received*
Total Cash Compensation Yrs. In Risk Mgmt
Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt
No Breakdowns Available - Insufficient Sample Size
© 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
Cash Compensation (All dollar amounts are displayed in CAD $000s)
Scope
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
All Respondents 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
Ownership Type
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
Publicly Traded 5 $205.2 -- $165.0 -- 2 -- -- -- -- 4 -- -- 5 $225.2 -- $200.0 -- 16.2 15.0
Private 6 $112.0 -- $113.0 -- 4 -- -- -- -- 0 -- -- 6 $123.7 -- $119.0 -- 12.7 11.0
Government 16 $113.4 $101.0 $109.2 $125.0 3 -- -- -- -- 3 -- -- 16 $114.9 $101.0 $113.1 $125.1 11.2 10.4
Not-for-Profit 7 $103.8 -- $110.0 -- 2 -- -- -- -- 0 -- -- 7 $105.2 -- $110.0 -- 16.3 17.0
Other 2 -- -- -- -- 0 -- -- -- -- 1 -- -- 2 -- -- -- -- -- --
Revenue
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
Less than $100 Million 9 $99.9 -- $100.0 -- 3 -- -- -- -- 1 -- -- 9 $102.5 -- $100.0 -- 13.0 13.0
$100 - $250 Million 2 -- -- -- -- 1 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --
$250 - $500 Million 4 -- -- -- -- 1 -- -- -- -- 1 -- -- 4 -- -- -- -- -- --
$500 Million - $1 Billion 5 $121.9 -- $110.0 -- 2 -- -- -- -- 1 -- -- 5 $124.1 -- $113.5 -- 15.0 15.0
$1 - $5 Billion 11 $114.8 $102.0 $108.3 $125.0 2 -- -- -- -- 3 -- -- 11 $120.0 $102.0 $116.1 $125.0 12.5 10.0
$5 - $10 Billion 1 -- -- -- -- 0 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --
Greater than $10 Billion 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --
Degree
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
High School/Associate Degree 6 $123.8 -- $116.8 -- 5 $14.2 -- $7.7 -- 2 -- -- 6 $135.6 -- $130.6 -- 23.2 27.5
Bachelors 9 $105.4 -- $95.0 -- 2 -- -- -- -- 3 -- -- 9 $111.8 -- $95.0 -- 13.9 13.0
MA/MS 3 -- -- -- -- 0 -- -- -- -- 0 -- -- 3 -- -- -- -- -- --
MBA 8 $130.0 -- $125.0 -- 0 -- -- -- -- 0 -- -- 8 $130.0 -- $125.0 -- 12.9 11.5
JD 1 -- -- -- -- 0 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --
Ph.D 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --
Supervisory Responsibility
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
No 14 $130.8 $100.0 $108.5 $125.0 3 -- -- -- -- 2 -- -- 14 $134.2 $102.0 $108.5 $125.2 13.1 12.0
1 or Fewer 8 $117.2 -- $113.0 -- 6 $24.0 -- $15.0 -- 3 -- -- 8 $135.2 -- $120.0 -- 13.2 12.5
From 1 to 3 6 $107.4 -- $105.0 -- 1 -- -- -- -- 1 -- -- 6 $108.0 -- $106.8 -- 16.0 12.5
From 3 to 5 4 -- -- -- -- 1 -- -- -- -- 1 -- -- 4 -- -- -- -- -- --
More than 5 3 -- -- -- -- 0 -- -- -- -- 0 -- -- 3 -- -- -- -- -- --
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.
Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt
© 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 IntelligenceCombination 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)
Scope
Industry
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
Education 7 $116.1 -- $115.0 -- 1 -- -- -- -- 0 -- -- 7 $116.6 -- $115.0 -- 13.1 12.0
Government 9 $116.1 -- $110.0 -- 1 -- -- -- -- 1 -- -- 9 $116.9 -- $110.0 -- 11.2 6.0
Insurance 5 $102.0 -- $100.0 -- 1 -- -- -- -- 1 -- -- 5 $103.0 -- $100.0 -- 11.2 7.0
Scope
Province
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
AB 10 $142.1 $108.3 $115.5 $125.0 3 -- -- -- -- 3 -- -- 10 $145.6 $110.0 $120.6 $136.0 10.3 7.9
ON 10 $124.2 $105.0 $119.0 $150.0 3 -- -- -- -- 3 -- -- 10 $134.9 $105.0 $119.0 $171.0 14.2 12.5
SK 6 $109.5 -- $105.0 -- 2 -- -- -- -- 1 -- -- 6 $111.8 -- $106.8 -- 11.0 8.0
Respondent Characteristics
Male 61.1% Yes 13.9%
Female 38.9% No 86.1%
Did Not Indicate 0.0% Did Not Indicate 0.0%
High School/Associate Degree 16.7% Incentive Stock Options (ISOs) 20.0%
Bachelors 25.0% Non-Qualified Stock Options (NQSOs) 0.0%
MA/MS 8.3% Restricted Stock 80.0%
MBA 22.2% 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 0.0%
* Only includes those eligible for LTI
Parent 52.8% Yes 61.1%
Division 8.3% No 38.9%
Subsidiary 5.6%
Single Location 11.1%
Other 22.2%
Gender Long-Term Incentive Eligible
Degree Type of Long-term Incentives Received*
Type of Organization Where Employed Supervise Individuals
Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt
Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt
© 2013 Risk and Insurance Management Society, Inc. (RIMS) IX - 6 Canadian Data
2013 Risk Management Compensation Survey
Director - Insurance and Risk Management
Cash Compensation (All dollar amounts are displayed in CAD $000s)
Scope
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
All Respondents 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
Ownership Type
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
Publicly Traded 22 $125.3 $101.7 $127.5 $140.9 20 $32.6 $15.0 $20.5 $41.0 14 28.0% 23.0% 22 $154.9 $116.7 $147.0 $180.0 15.5 16.5
Private 17 $120.2 $95.0 $118.0 $140.0 15 $21.1 $5.0 $20.0 $25.0 9 18.0% 15.0% 17 $138.9 $110.0 $140.0 $149.5 19.9 18.0
Government 26 $113.1 $98.0 $105.5 $132.0 4 -- -- -- -- 3 -- -- 26 $116.1 $98.0 $106.8 $134.0 18.9 19.0
Not-for-Profit 13 $115.2 $86.0 $105.0 $112.0 5 $8.1 -- $5.0 -- 2 -- -- 13 $118.3 $86.2 $105.0 $121.5 16.5 16.0
Other 2 -- -- -- -- 1 -- -- -- -- 1 -- -- 2 -- -- -- -- -- --
Revenue
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
Less than $100 Million 4 -- -- -- -- 2 -- -- -- -- 2 -- -- 4 -- -- -- -- -- --
$100 - $250 Million 9 $106.4 -- $101.6 -- 2 -- -- -- -- 0 -- -- 9 $109.1 -- $101.6 -- 18.4 21.0
$250 - $500 Million 7 $128.2 -- $120.0 -- 2 -- -- -- -- 1 -- -- 7 $133.4 -- $120.0 -- 21.6 20.0
$500 Million - $1 Billion 7 $107.1 -- $104.0 -- 4 -- -- -- -- 2 -- -- 7 $117.3 -- $105.0 -- 14.7 14.0
$1 - $5 Billion 23 $122.8 $94.0 $130.0 $145.0 16 $22.5 $13.8 $20.0 $30.0 13 26.0% 15.0% 23 $138.5 $104.0 $145.0 $166.5 16.8 19.0
$5 - $10 Billion 6 $119.7 -- $110.5 -- 4 -- -- -- -- 4 -- -- 6 $134.8 -- $125.5 -- 16.5 17.0
Greater than $10 Billion 13 $124.7 $97.0 $118.0 $138.0 9 $40.7 -- $25.0 -- 4 -- -- 13 $152.9 $106.0 $140.0 $175.5 20.2 18.0
Degree
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
High School/Associate Degree 16 $107.7 $94.5 $103.3 $119.0 10 $17.8 $7.5 $13.5 $25.0 5 20.0% 15.0% 16 $118.8 $100.5 $108.0 $134.0 20.1 20.0
Bachelors 38 $120.0 $97.0 $114.0 $140.9 22 $28.2 $15.0 $20.0 $30.0 16 23.0% 20.0% 38 $136.3 $104.0 $126.5 $150.0 18.3 17.5
MA/MS 1 -- -- -- -- 1 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
MBA 10 $131.6 $117.0 $134.0 $140.6 7 $31.6 -- $30.6 -- 5 23.0% 20.0% 10 $153.7 $117.0 $157.3 $179.0 13.8 16.0
JD 3 -- -- -- -- 1 -- -- -- -- 1 -- -- 3 -- -- -- -- -- --
Ph.D 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Supervisory Responsibility
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
No 16 $109.2 $89.5 $95.0 $135.5 12 $16.9 $5.0 $10.5 $25.0 5 19.0% 20.0% 16 $121.9 $89.5 $110.5 $136.3 12.4 12.0
1 or Fewer 16 $123.0 $100.5 $122.5 $135.0 11 $29.1 $15.0 $20.0 $23.0 7 27.0% 15.0% 16 $143.0 $111.3 $138.8 $149.8 19.9 20.0
From 1 to 3 17 $118.0 $98.0 $106.1 $140.9 9 $26.0 -- $18.0 -- 8 21.0% 18.0% 17 $131.8 $98.0 $121.5 $167.0 18.3 20.0
From 3 to 5 10 $112.9 $99.0 $106.6 $125.0 5 $19.7 -- $20.0 -- 4 -- -- 10 $122.8 $101.0 $114.1 $140.0 22.3 21.5
More than 5 16 $127.2 $103.3 $115.0 $147.5 5 $40.3 -- $42.0 -- 4 -- -- 16 $139.8 $103.3 $126.0 $177.3 17.7 19.5
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.
Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt
© 2013 Risk and Insurance Management Society, Inc. (RIMS) IX - 7 Canadian Data
2013 Risk Management Compensation Survey
Director - Insurance and Risk ManagementDescription 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)
Scope
Industry
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
Education 13 $112.6 $86.0 $99.0 $131.1 2 -- -- -- -- 0 -- -- 13 $112.7 $86.2 $99.0 $131.1 13.6 13.0
Energy 6 $147.1 -- $147.5 -- 6 $38.7 -- $42.5 -- 5 24.0% 25.0% 6 $185.8 -- $190.0 -- 13.8 13.5
Government 21 $109.8 $97.0 $104.0 $120.0 2 -- -- -- -- 0 -- -- 21 $110.4 $98.0 $104.0 $120.0 20.8 21.0
Mfg - Nondurable (includes Food, Paper & Allied
Products)7 $121.8 -- $117.0 -- 5 $20.1 -- $20.0 -- 4 -- -- 7 $136.2 -- $117.0 -- 15.1 19.0
Telecommunications 6 $102.4 -- $99.3 -- 5 $17.0 -- $18.0 -- 3 -- -- 6 $116.6 -- $115.8 -- 17.0 17.0
Transportation 5 $114.2 -- $95.0 -- 4 -- -- -- -- 3 -- -- 5 $124.1 -- $104.0 -- 13.2 12.0
Scope
Province
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
AB 17 $120.6 $101.0 $111.5 $145.0 10 $26.1 $7.5 $19.0 $45.0 6 22.0% 20.0% 17 $135.9 $107.5 $115.0 $157.0 15.7 12.0
BC 8 $105.2 -- $101.6 -- 3 -- -- -- -- 2 -- -- 8 $111.2 -- $105.0 -- 18.6 16.5
ON 33 $122.5 $99.0 $120.0 $138.0 20 $27.4 $6.5 $18.3 $33.8 11 21.0% 20.0% 33 $139.1 $104.0 $125.0 $166.5 18.5 19.0
QC 9 $133.0 -- $130.0 -- 9 $22.2 -- $20.0 -- 7 27.0% 15.0% 9 $155.2 -- $150.0 -- 19.2 20.0
Respondent Characteristics
Male 62.5% Yes 26.2%
Female 37.5% No 73.8%
Did Not Indicate 0.0% Did Not Indicate 0.0%
High School/Associate Degree 20.0% Incentive Stock Options (ISOs) 42.9%
Bachelors 47.5% Non-Qualified Stock Options (NQSOs) 14.3%
MA/MS 1.2% Restricted Stock 9.5%
MBA 12.5% 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 0.0%
* Only includes those eligible for LTI
Parent 60.0% Yes 80.0%
Division 7.5% No 20.0%
Subsidiary 5.0%
Single Location 11.2%
Other 16.2%
Gender Long-Term Incentive Eligible
Degree Type of Long-term Incentives Received*
Type of Organization Where Employed Supervise Individuals
Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt
Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt
© 2013 Risk and Insurance Management Society, Inc. (RIMS) IX - 8 Canadian Data
2013 Risk Management Compensation Survey
Manager - Insurance Management
Cash Compensation (All dollar amounts are displayed in CAD $000s)
Scope
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
All Respondents 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
Ownership Type
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
Publicly Traded 14 $114.7 $88.0 $113.8 $135.0 13 $14.4 $9.5 $11.0 $15.0 12 15.0% 15.0% 14 $128.0 $96.5 $124.3 $162.0 8.0 7.5
Private 8 $87.1 -- $83.3 -- 4 -- -- -- -- 4 -- -- 8 $93.8 -- $87.5 -- 10.5 10.0
Government 17 $97.7 $82.0 $95.0 $117.0 3 -- -- -- -- 4 -- -- 17 $99.2 $82.0 $96.5 $118.0 12.4 7.0
Not-for-Profit 5 $93.5 -- $93.0 -- 1 -- -- -- -- 1 -- -- 5 $93.8 -- $93.0 -- 13.8 10.0
Other 2 -- -- -- -- 1 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --
Revenue
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
Less than $100 Million 3 -- -- -- -- 1 -- -- -- -- 0 -- -- 3 -- -- -- -- -- --
$100 - $250 Million 6 $102.5 -- $101.9 -- 2 -- -- -- -- 2 -- -- 6 $104.1 -- $101.9 -- 9.1 8.5
$250 - $500 Million 5 $102.0 -- $107.5 -- 1 -- -- -- -- 0 -- -- 5 $104.2 -- $107.5 -- 14.6 10.0
$500 Million - $1 Billion 5 $101.0 -- $83.0 -- 3 -- -- -- -- 3 -- -- 5 $113.2 -- $103.0 -- 10.6 10.0
$1 - $5 Billion 10 $116.8 $88.0 $113.8 $156.0 9 $14.0 -- $10.0 -- 7 15.0% 15.0% 10 $129.4 $97.8 $120.0 $166.0 9.7 7.8
$5 - $10 Billion 4 -- -- -- -- 2 -- -- -- -- 3 -- -- 4 -- -- -- -- -- --
Greater than $10 Billion 4 -- -- -- -- 2 -- -- -- -- 3 -- -- 4 -- -- -- -- -- --
Degree
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
High School/Associate Degree 10 $107.7 $75.0 $90.0 $156.0 5 $20.2 -- $15.0 -- 5 18.0% 20.0% 10 $117.8 $83.5 $97.5 $166.0 15.8 14.0
Bachelors 23 $95.9 $84.0 $90.0 $110.0 13 $10.6 $8.9 $10.0 $11.5 10 14.0% 14.0% 23 $101.9 $87.3 $96.5 $121.0 10.4 10.0
MA/MS 2 -- -- -- -- 0 -- -- -- -- 1 -- -- 2 -- -- -- -- -- --
MBA 5 $103.2 -- $100.0 -- 3 -- -- -- -- 4 -- -- 5 $109.5 -- $100.0 -- 4.6 5.0
JD 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Ph.D 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Supervisory Responsibility
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
No 17 $88.7 $80.0 $86.0 $93.0 8 $10.1 -- $10.8 -- 8 15.0% 15.0% 17 $93.5 $84.0 $90.5 $96.5 10.3 8.5
1 or Fewer 14 $105.9 $83.5 $102.5 $119.0 10 $12.0 $8.0 $10.5 $15.0 9 14.0% 13.0% 14 $114.5 $95.0 $107.3 $130.0 9.2 10.0
From 1 to 3 7 $106.1 -- $103.8 -- 1 -- -- -- -- 2 -- -- 7 $107.5 -- $103.8 -- 19.0 15.0
From 3 to 5 3 -- -- -- -- 1 -- -- -- -- 1 -- -- 3 -- -- -- -- -- --
More than 5 5 $101.5 -- $100.0 -- 2 -- -- -- -- 1 -- -- 5 $108.9 -- $105.0 -- 7.0 5.0
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.
Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt
© 2013 Risk and Insurance Management Society, Inc. (RIMS) IX - 9 Canadian Data
2013 Risk Management Compensation Survey
Manager - Insurance ManagementResponsibilities 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)
Scope
Industry
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
Government 10 $90.5 $75.0 $86.0 $103.8 0 -- -- -- -- 0 -- -- 10 $90.5 $75.0 $86.0 $103.8 14.1 7.5
Utilities 7 $122.4 -- $118.0 -- 5 $10.7 -- $10.0 -- 4 -- -- 7 $130.0 -- $122.0 -- 12.6 12.0
Other 5 $111.8 -- $100.0 -- 4 -- -- -- -- 3 -- -- 5 $123.5 -- $105.0 -- 7.2 5.0
Scope
Province
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
AB 11 $120.6 $107.5 $119.0 $135.0 8 $13.5 -- $11.0 -- 6 15.0% 15.0% 11 $130.5 $107.5 $130.0 $135.0 7.3 8.5
BC 5 $85.3 -- $87.3 -- 0 -- -- -- -- 1 -- -- 5 $85.3 -- $87.3 -- 6.0 6.0
ON 17 $92.8 $82.0 $85.0 $95.0 10 $12.0 $5.5 $10.3 $15.0 9 15.0% 15.0% 17 $99.9 $84.0 $93.0 $103.8 11.4 10.0
Respondent Characteristics
Male 54.3% Yes 19.6%
Female 43.5% No 80.4%
Did Not Indicate 2.2% Did Not Indicate 0.0%
High School/Associate Degree 21.7% Incentive Stock Options (ISOs) 11.1%
Bachelors 50.0% Non-Qualified Stock Options (NQSOs) 11.1%
MA/MS 4.3% Restricted Stock 11.1%
MBA 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 33.3%
* Only includes those eligible for LTI
Parent 69.6% Yes 63.0%
Division 2.2% No 37.0%
Subsidiary 10.9%
Single Location 10.9%
Other 6.5%
Gender Long-Term Incentive Eligible
Degree Type of Long-term Incentives Received*
Type of Organization Where Employed Supervise Individuals
Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt
Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt
© 2013 Risk and Insurance Management Society, Inc. (RIMS) IX - 10 Canadian Data
2013 Risk Management Compensation Survey
Employee Benefits/Workers Compensation Claims ManagerCombination 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 ManagerCombination 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
Cash Compensation (All dollar amounts are displayed in CAD $000s)
Scope
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
All Respondents 12 $84.3 $72.5 $82.5 $95.0 4 -- -- -- -- 0 -- -- 12 $87.5 $73.0 $89.5 $95.0 12.3 10.0
Ownership Type
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
Publicly Traded 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
Private 3 -- -- -- -- 2 -- -- -- -- 0 -- -- 3 -- -- -- -- -- --
Government 5 $73.1 -- $80.0 -- 2 -- -- -- -- 0 -- -- 5 $75.9 -- $80.0 -- 16.4 17.0
Not-for-Profit 2 -- -- -- -- 0 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --
Other 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
Revenue
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
Less than $100 Million 2 -- -- -- -- 0 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --
$100 - $250 Million 2 -- -- -- -- 0 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --
$250 - $500 Million 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
$500 Million - $1 Billion 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
$1 - $5 Billion 1 -- -- -- -- 1 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
$5 - $10 Billion 2 -- -- -- -- 2 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --
Greater than $10 Billion 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
Degree
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
High School/Associate Degree 4 -- -- -- -- 2 -- -- -- -- 0 -- -- 4 -- -- -- -- -- --
Bachelors 2 -- -- -- -- 0 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --
MA/MS 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
MBA 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
JD 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Ph.D 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Supervisory Responsibility
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
No 6 $74.0 -- $72.5 -- 3 -- -- -- -- 0 -- -- 6 $78.8 -- $76.5 -- 12.1 7.5
1 or Fewer 2 -- -- -- -- 1 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --
From 1 to 3 3 -- -- -- -- 0 -- -- -- -- 0 -- -- 3 -- -- -- -- -- --
From 3 to 5 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
More than 5 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
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.
Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt
© 2013 Risk and Insurance Management Society, Inc. (RIMS) IX - 13 Canadian Data
2013 Risk Management Compensation Survey
Claims ManagerMitigates 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)
Scope
Industry
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
Scope
Province
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
Respondent Characteristics
Male 50.0% Yes 16.7%
Female 41.7% No 83.3%
Did Not Indicate 8.3% Did Not Indicate 0.0%
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%
Single Location 8.3%
Other 8.3%
Type of Organization Where Employed Supervise Individuals
Base Salary Bonus Amount Target Bonus
No Breakdowns Available - Insufficient Sample Size
Gender Long-Term Incentive Eligible
Degree Type of Long-term Incentives Received*
Total Cash Compensation Yrs. In Risk Mgmt
Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt
No Breakdowns Available - Insufficient Sample Size
© 2013 Risk and Insurance Management Society, Inc. (RIMS) IX - 14 Canadian Data
2013 Risk Management Compensation Survey
Environmental, Health or Safety Manager
No Breakdowns Available - Insufficient Sample Size
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.
© 2013 Risk and Insurance Management Society, Inc. (RIMS) IX - 15 Canadian Data
2013 Risk Management Compensation Survey
Environmental, Health or Safety ManagerFormulates, 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)
Cash Compensation (All dollar amounts are displayed in CAD $000s)
Scope
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
All Respondents 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
Ownership Type
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
Publicly Traded 12 $94.4 $72.5 $81.5 $116.7 8 $15.3 -- $11.2 -- 6 15.0% 14.0% 12 $104.6 $74.0 $87.7 $143.5 5.0 3.5
Private 4 -- -- -- -- 3 -- -- -- -- 2 -- -- 4 -- -- -- -- -- --
Government 10 $78.0 $72.0 $79.1 $95.0 1 -- -- -- -- 0 -- -- 10 $78.5 $72.0 $79.1 $95.0 8.7 4.5
Not-for-Profit 5 $71.0 -- $70.0 -- 2 -- -- -- -- 2 -- -- 5 $71.9 -- $70.0 -- 9.3 10.0
Other 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
Revenue
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
Less than $100 Million 3 -- -- -- -- 2 -- -- -- -- 2 -- -- 3 -- -- -- -- -- --
$100 - $250 Million 4 -- -- -- -- 0 -- -- -- -- 0 -- -- 4 -- -- -- -- -- --
$250 - $500 Million 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
$500 Million - $1 Billion 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
$1 - $5 Billion 7 $88.3 -- $81.3 -- 5 $12.6 -- $10.0 -- 4 -- -- 7 $97.2 -- $81.3 -- 2.7 2.5
$5 - $10 Billion 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Greater than $10 Billion 7 $94.6 -- $82.9 -- 5 $10.4 -- $10.0 -- 3 -- -- 7 $102.0 -- $95.3 -- 9.9 5.0
Degree
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
High School/Associate Degree 5 $79.1 -- $77.0 -- 1 -- -- -- -- 0 -- -- 5 $79.9 -- $77.0 -- 8.4 3.0
Bachelors 14 $73.1 $62.0 $74.5 $80.0 8 $8.7 -- $6.9 -- 6 9.0% 8.0% 14 $78.0 $68.2 $75.0 $80.0 5.3 4.5
MA/MS 2 -- -- -- -- 0 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --
MBA 3 -- -- -- -- 2 -- -- -- -- 2 -- -- 3 -- -- -- -- -- --
JD 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Ph.D 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Supervisory Responsibility
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
No 26 $82.3 $70.0 $77.0 $95.0 10 $7.3 $3.0 $5.3 $10.0 7 9.0% 5.0% 26 $85.1 $72.0 $78.5 $97.0 6.8 4.0
1 or Fewer 5 $89.6 -- $77.0 -- 3 -- -- -- -- 2 -- -- 5 $103.5 -- $77.0 -- 7.1 4.0
From 1 to 3 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
From 3 to 5 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
More than 5 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --
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.
Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt
© 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
management issues and developing methodologies for the assessment of risks throughout the organization.Cash Compensation (All dollar amounts are displayed in CAD $000s)
Scope
Industry
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
Energy 6 $109.5 -- $106.4 -- 6 $16.4 -- $11.2 -- 4 -- -- 6 $125.9 -- $127.8 -- 5.2 4.5
Government 7 $78.1 -- $77.0 -- 0 -- -- -- -- 0 -- -- 7 $78.1 -- $77.0 -- 8.4 5.0
Insurance 5 $78.2 -- $74.0 -- 2 -- -- -- -- 2 -- -- 5 $79.6 -- $77.9 -- 2.7 2.0
Scope
Province
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
AB 8 $104.6 -- $95.4 -- 6 $16.4 -- $11.2 -- 4 -- -- 8 $116.9 -- $100.4 -- 4.8 4.5
BC 6 $90.0 -- $88.1 -- 1 -- -- -- -- 1 -- -- 6 $94.2 -- $88.1 -- 5.8 4.5
ON 11 $70.2 $64.0 $70.0 $79.0 5 $3.8 -- $3.0 -- 4 -- -- 11 $71.9 $64.0 $75.0 $79.0 6.8 4.0
Respondent Characteristics
Male 43.8% Yes 31.2%
Female 53.1% No 68.8%
Did Not Indicate 3.1% Did Not Indicate 0.0%
High School/Associate Degree 15.6% Incentive Stock Options (ISOs) 40.0%
Bachelors 43.8% Non-Qualified Stock Options (NQSOs) 30.0%
MA/MS 6.2% Restricted Stock 10.0%
MBA 9.4% Stock Appreciation Rights (SARs) 0.0%
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 10.0%
* Only includes those eligible for LTI
Parent 71.9% Yes 18.8%
Division 9.4% No 81.2%
Subsidiary 3.1%
Single Location 3.1%
Other 12.5%
Gender Long-Term Incentive Eligible
Degree Type of Long-term Incentives Received*
Type of Organization Where Employed Supervise Individuals
Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt
Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt
© 2013 Risk and Insurance Management Society, Inc. (RIMS) IX - 18 Canadian Data
2013 Risk Management Compensation Survey
Risk Management Analyst
Cash Compensation (All dollar amounts are displayed in CAD $000s)
Scope
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
All Respondents 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
Ownership Type
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
Publicly Traded 9 $79.2 -- $77.5 -- 8 $7.4 -- $7.0 -- 6 10.0% 10.0% 9 $85.7 -- $84.6 -- 5.3 3.0
Private 6 $73.7 -- $70.9 -- 5 $6.6 -- $5.0 -- 4 -- -- 6 $79.2 -- $74.1 -- 5.7 5.5
Government 12 $77.7 $71.0 $75.0 $88.0 0 -- -- -- -- 0 -- -- 12 $77.7 $71.0 $75.0 $88.0 7.8 7.5
Not-for-Profit 2 -- -- -- -- 0 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --
Other 2 -- -- -- -- 0 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --
Revenue
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
Less than $100 Million 5 $70.3 -- $71.0 -- 2 -- -- -- -- 2 -- -- 5 $72.3 -- $76.0 -- 8.3 8.0
$100 - $250 Million 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
$250 - $500 Million 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
$500 Million - $1 Billion 7 $70.6 -- $70.0 -- 3 -- -- -- -- 3 -- -- 7 $72.3 -- $72.2 -- 7.7 5.0
$1 - $5 Billion 9 $83.2 -- $78.0 -- 5 $8.1 -- $7.0 -- 2 -- -- 9 $87.6 -- $82.5 -- 6.5 3.0
$5 - $10 Billion 2 -- -- -- -- 1 -- -- -- -- 1 -- -- 2 -- -- -- -- -- --
Greater than $10 Billion 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --
Degree
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
High School/Associate Degree 4 -- -- -- -- 1 -- -- -- -- 1 -- -- 4 -- -- -- -- -- --
Bachelors 11 $70.3 $60.0 $73.0 $77.7 4 -- -- -- -- 3 -- -- 11 $72.5 $65.0 $73.0 $84.6 4.3 3.5
MA/MS 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
MBA 2 -- -- -- -- 1 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --
JD 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Ph.D 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Supervisory Responsibility
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
No 25 $75.0 $65.6 $73.0 $77.7 10 $7.2 $4.5 $6.0 $7.8 8 9.0% 8.0% 25 $77.8 $68.2 $74.0 $84.6 6.9 5.0
1 or Fewer 3 -- -- -- -- 2 -- -- -- -- 1 -- -- 3 -- -- -- -- -- --
From 1 to 3 2 -- -- -- -- 1 -- -- -- -- 1 -- -- 2 -- -- -- -- -- --
From 3 to 5 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
More than 5 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
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.
Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt
© 2013 Risk and Insurance Management Society, Inc. (RIMS) IX - 19 Canadian Data
2013 Risk Management Compensation Survey
Risk Management AnalystSupports 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)
Scope
Industry
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
Education 6 $69.2 -- $73.5 -- 0 -- -- -- -- 0 -- -- 6 $69.2 -- $73.5 -- 8.5 8.0
Energy 7 $79.8 -- $71.0 -- 5 $8.0 -- $7.0 -- 3 -- -- 7 $85.5 -- $76.0 -- 6.4 3.0
Government 6 $83.4 -- $83.5 -- 0 -- -- -- -- 0 -- -- 6 $83.4 -- $83.5 -- 8.0 6.0
Scope
Province
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
AB 10 $81.2 $71.0 $76.3 $78.0 6 $8.0 -- $7.4 -- 4 -- -- 10 $86.0 $75.0 $80.9 $90.6 7.9 5.5
ON 9 $75.8 -- $73.5 -- 4 -- -- -- -- 4 -- -- 9 $77.6 -- $78.0 -- 9.4 8.0
Respondent Characteristics
Male 48.4% Yes 16.1%
Female 45.2% No 83.9%
Did Not Indicate 6.5% Did Not Indicate 0.0%
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 0.0%
* Only includes those eligible for LTI
Parent 64.5% Yes 19.4%
Division 6.5% No 80.6%
Subsidiary 0.0%
Single Location 12.9%
Other 16.1%
Gender Long-Term Incentive Eligible
Degree Type of Long-term Incentives Received*
Type of Organization Where Employed Supervise Individuals
Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt
Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt
© 2013 Risk and Insurance Management Society, Inc. (RIMS) IX - 20 Canadian Data
2013 Risk Management Compensation Survey
Claims Analyst
Cash Compensation (All dollar amounts are displayed in CAD $000s)
Scope
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
All Respondents 7 $60.4 -- $59.5 -- 0 -- -- -- -- 0 -- -- 7 $60.4 -- $59.5 -- 7.9 10.0
Ownership Type
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
Publicly Traded 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Private 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Government 7 $60.4 -- $59.5 -- 0 -- -- -- -- 0 -- -- 7 $60.4 -- $59.5 -- 7.9 10.0
Not-for-Profit 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Other 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Revenue
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
Less than $100 Million 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
$100 - $250 Million 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
$250 - $500 Million 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
$500 Million - $1 Billion 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
$1 - $5 Billion 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
$5 - $10 Billion 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Greater than $10 Billion 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Degree
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
High School/Associate Degree 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Bachelors 2 -- -- -- -- 0 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --
MA/MS 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
MBA 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
JD 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Ph.D 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Supervisory Responsibility
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
No 6 $60.6 -- $61.5 -- 0 -- -- -- -- 0 -- -- 6 $60.6 -- $61.5 -- 7.7 10.0
1 or Fewer 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
From 1 to 3 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
From 3 to 5 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
More than 5 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
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.
Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt
© 2013 Risk and Insurance Management Society, Inc. (RIMS) IX - 21 Canadian Data
2013 Risk Management Compensation Survey
Claims AnalystReviews 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)
Scope
Industry
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
Scope
Province
# of
Resp. Average 25th pct
50th pct
(median) 75th pct
# of
Resp. Average 25th pct
50th pct
(median) 75th pct # of Resp. Average
50th pct
(median)
# of
Resp. Average 25th pct
50th pct
(median) 75th pct Average
50th pct
(median)
Respondent Characteristics
Male 14.3% Yes 0.0%
Female 85.7% No 100.0%
Did Not Indicate 0.0% Did Not Indicate 0.0%
High School/Associate Degree 0.0% Incentive Stock Options (ISOs) --
Bachelors 28.6% 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 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%
Subsidiary 0.0%
Single Location 0.0%
Other 57.1%
Type of Organization Where Employed Supervise Individuals
Base Salary Bonus Amount Target Bonus
No Breakdowns Available - Insufficient Sample Size
Gender Long-Term Incentive Eligible
Degree Type of Long-term Incentives Received*
Total Cash Compensation Yrs. In Risk Mgmt
Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt
No Breakdowns Available - Insufficient Sample Size
© 2013 Risk and Insurance Management Society, Inc. (RIMS) IX - 22 Canadian Data