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Conducted By:
8476 Greenway Blvd., Suite 100
Middleton, WI 53562
www.enetrix.com
Data Effective March 1, 2011
2011 Risk Management Compensation Survey
2011 Risk Management Compensation Survey
Data effective: March 1, 2011 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 – 7
Director – Insurance and Risk Management ………………………………………………………………………………. V – 11
Manager – Insurance Management ……………………………………………………………………………..………… V – 17
Employee Benefits/Workers Compensation Claims Manager………………………………………………..…………. V – 23
Claims Manager ………………………………………………………………………………………………………………... V – 27
Environmental, Health or Safety Manager…………………………………………………………………………………. V – 31
2011 Risk Management Compensation Survey
Data effective: March 1, 2011 ii
Table of Contents (continued)
Risk Management Analyst (Enterprise-Wide) ………………………………………………………………………………. V – 35
Risk Management Analyst …………………………………………………………………………………………..………… V – 39
Claims Analyst …………………………………………………………………………………………………………………... V – 43
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 – 9
Director – Insurance and Risk Management ………………………………………………………………………………. VIII – 13
Manager – Insurance Management ……………………………………………………………………………..………… VIII – 17
Employee Benefits/Workers Compensation Claims Manager………………………………………………..…………. VIII – 21
Claims Manager ………………………………………………………………………………………………………………... VIII – 23
Environmental, Health or Safety Manager…………………………………………………………………………………. VIII – 27
Risk Management Analyst (Enterprise-Wide) ………………………………………………………………………………. VIII – 29
Risk Management Analyst …………………………………………………………………………………………..………… VIII – 33
Claims Analyst …………………………………………………………………………………………………………………... VIII – 37
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
2011 Risk Management Compensation Survey
Data effective: March 1, 2011 iii
Table of Contents (continued)
Risk Management Analyst (Enterprise-Wide) ………………………………………………………………………………. IX – 17
Risk Management Analyst …………………………………………………………………………………………..………… IX – 19
Claims Analyst …………………………………………………………………………………………………………………... IX – 21
2011 Risk Management Compensation Survey
Data effective: April 1, 2011 iv
2011 Risk Management Compensation Survey
Executive Summary
The 2011 survey presents compensation data for 11 different jobs. 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 1,750 organizations in the United States and over 256 organizations in Canada. In total, 2,400 usable surveys were submitted online by RIMS members
and risk management professionals between March and May, 2011.
Approximately fifty-five point five percent (55.5%) 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 (45.0%), while 29.9% work for private employers. A majority of the survey respondents from the U.S. were Insurance
and Risk Management Directors (n=908), Insurance Management Managers (n=384) and Chief Risk Officers or Vice Presidents-Risk Management or Vice
President-Strategic and Enterprise Risk (n=231). 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$183,755 and total compensation of US$236,301. The lowest paid risk
management position was that of Claims Analyst, with an average base salary of US$55,263 and total compensation of US$56,403.
For Canadian respondents, approximately 36.6% work in organizations with more than $1 Billion in annual revenue. Unlike the US, only 22.9% work in publicly
owned organizations. And in Canada, 34.5% of respondents work for governmental employers as opposed to 11.8% in the US. A majority of the survey
respondents were Insurance and Risk Management Directors (n=78) or Insurance Management Managers (n=61). 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$145,719 and
total compensation of CDN$176,143. The lowest paid position for which data was available was that of Claims Analyst with an average base salary of
CDN$58,950 and total compensation of CDN$59,783.
This survey is the sixth 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. Data contributors receive an
85% discount on the complete report.
The Risk and Insurance Management Society, Inc. (RIMS) is pleased to present the results of our 2011 Risk Management Compensation Survey. With more
than 10,000 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.
© 2011 Risk and Insurance Management Society, Inc. (RIMS) I - 1 Introduction and Executive Summary
2011 Risk Management Compensation Survey
The Risk and Insurance Management Society, Inc. (RIMS) is pleased to present the results of our 2011 Risk Management Compensation Survey. With more
than 10,000 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
231 $183.8 $236.3
Director - Business
Continuity/Financial/IT Risk
Management
16 $135.7 $166.2
Director - Enterprise Risk
Management (ERM)/Strategic Risk
Management / Risk Intelligence
114 $130.2 $150.5
Director - Insurance and Risk
Management908 $126.8 $149.5
Manager - Insurance Management 384 $97.0 $107.6
Employee Benefits/Workers
Compensation Claims Manager39 $83.6 $88.5
Claims Manager 116 $83.4 $90.5
Environmental, Health or Safety
Manager29 $91.6 $96.5
Risk Management Analyst (Enterprise-
Wide)81 $71.6 $75.0
Risk Management Analyst 175 $66.4 $69.8
Claims Analyst 23 $55.3 $56.4
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.
$183.8
$135.7
$130.2
$126.8
$97.0
$83.6
$83.4
$91.6
$71.6
$66.4
$55.3
$236.3
$166.2
$150.5
$149.5
$107.6
$88.5
$90.5
$96.5
$75.0
$69.8
$56.4
$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)
© 2011 Risk and Insurance Management Society, Inc. (RIMS) I - 2 Introduction and Executive Summary
2011 Risk Management Compensation Survey
The Risk and Insurance Management Society, Inc. (RIMS) is pleased to present the results of our 2011 Risk Management Compensation Survey. With more
than 10,000 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
25 $145.7 $176.1
Director - Enterprise Risk
Management (ERM)/Strategic Risk
Management / Risk Intelligence
31 $113.8 $128.1
Director - Insurance and Risk
Management78 $114.6 $125.5
Manager - Insurance Management 61 $95.8 $104.2
Risk Management Analyst (Enterprise-
Wide)27 $75.8 $78.9
Risk Management Analyst 42 $69.6 $74.6
Claims Analyst 6 $59.0 $59.8
Executive Summary
$145.7
$113.8
$114.6
$95.8
$75.8
$69.6
$59.0
$176.1
$128.1
$125.5
$104.2
$78.9
$74.6
$59.8
$0.0 $25.0 $50.0 $75.0 $100.0 $125.0 $150.0 $175.0 $200.0
Chief Risk Officer | Vice President - Risk Management | Vice President- Strategic and Enterprise Risk
Director - Enterprise Risk Management (ERM)/Strategic RiskManagement / Risk Intelligence
Director - Insurance and Risk Management
Manager - Insurance Management
Risk Management Analyst (Enterprise-Wide)
Risk Management Analyst
Claims Analyst
Average Base Salary ($000) Average Total Comp ($000)
© 2011 Risk and Insurance Management Society, Inc. (RIMS) I - 3 Introduction and Executive Summary
2011 Risk Management Compensation Survey
The Risk and Insurance Management Society, Inc. (RIMS) is pleased to present the results of our 2011 Risk Management Compensation Survey. With more
than 10,000 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
© 2011 Risk and Insurance Management Society, Inc. (RIMS) I - 4 Introduction and Executive Summary
2011 Risk Management Compensation Survey
© 2011 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 2011 Risk Management Compensation Survey. This year’s survey presents compensation data for 11 jobs reflecting submissions by individual risk management professionals working in over 1,750 organizations in the United States and over 256 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.
2011 Risk Management Compensation Survey
© 2011 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 nearly 11,000 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
2011 Risk Management Compensation Survey
© 2011 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 March through May of 2011. 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 9,388 electronic invitations were sent to RIMS member from the United States and Canada on March 22nd, 2011. 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 March and May, 2011. If based solely off the 9,388 member count, the number of completions would equate to a 27.6 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 2,400 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.
2011 Risk Management Compensation Survey
© 2011 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.
2011 Risk Management Compensation Survey
© 2011 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.
2011 Risk Management Compensation Survey
© 2011 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.
2011 Risk Management Compensation Survey
© 2011 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.
2011 Risk Management Compensation Survey
© 2011 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.
2011 Risk Management Compensation Survey
© 2011 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.
2011 Risk Management Compensation Survey
© 2011 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
2011 Risk Management Compensation Survey
© 2011 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.
2011 Risk Management Compensation Survey
© 2011 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.
2011 Risk Management Compensation Survey
© 2011 Risk and Insurance Management Society, Inc. (RIMS) II - 1 U.S. Participant List
Participant List – U.S. Respondents Respondents from over 1,750 U.S. organizations participated in the 2011 Risk Management Compensation Survey. These U.S. organizations include:
24 Hour fitness
AAA
AAA Cooper Transportation
AAR CORP.
ABF Freight System, Inc.
ABM Industries, Inc.
Academy School District 20
Academy Sports + Outdoors
Acadia Realty Trust
Accor
Accord Human Resources
ACE Cash Express, Inc.
Ace Hardware Corporation
ACE USA
Acrisure, LLC
Acuity Brands, Inc.
Acxiom Corp
Adelphi University
Adidas Group
ADM
Adobe Systems Incorporated
ADP
Advance Auto Parts
Advanced Disposal Services, Inc.
Adventist Health
Adventist Risk Management, Inc.
Advocate Health Care
AEG Facilities
AEG/ Rose Quarter
AEGON (Transamercia Corporation)
AEMC
AEP
Aerotek, Inc.
Aetna Inc.
Aevenia, Inc.
AEW Capital Management
Affinia Group Inc
Affinity Plus Federal Credit Union
Aflac
Afognak NAtive Corporation
AG
Ag Preocessing Inc, A Cooperative
AGL Resources Inc
Ahold USA
Ahtna Development Corporation
Air Liquide
Airgas, Inc
Akron General Health System
AkzoNobel Inc.
Alabama State Port Authoirty
Alachua County, Fl
Alaska Airlines
Alaska Railroad Corporation
Alberto Culver Company
Alcoa, Inc.
Alcon Laboratories, Inc.
Alexandria City Public Schools
Alexian Brothers Health System
Alexis Risk Management Services, LLC
Alfa Insurance Company
Allegheny Technologies Incorporated
Allergan, Inc.
Alliant Credit Union
Alliant Energy
Allianz of America/Fireman's Fund
Allstate
Alon USA
Alpha Natural Resources, Inc
Alsco Inc.
Alstom Inc.
Altria
AMB Property Corporation
AMERCO
Ameren Services Company
AMERICAN
American Automobile Association, Inc.
American Axle & Manufacturing, Inc.
American Capital
American Crystal Sugar Company
American Dental Partners, Inc.
American Eagle Outfitters Inc
American Electric Power Company, Inc.
American Express
American Family Mutual
American Signature, Inc.
American University
American Water
American Water Works Company, Inc.
American Youth Soccer Organization
Americold Realty Trust
2011 Risk Management Compensation Survey
© 2011 Risk and Insurance Management Society, Inc. (RIMS) II -2 Participant List
Amerijet Holdings, Inc.
Ameriprise Financial, Inc.
Ameristar Casino
Ameristar Inc.
Ameritas Life Insurance
AMF Bowling Centers, Inc.
AMLI Management Company
AMLI Residential
AMN Healthcare
AMSI
Amsted Industries Inc.
Amylin Pharmaceuticals, Inc.
Anchorage School District
Anderson Merchandisers LP
Andritz
ANN INC.
Anson Industries Inc.
Antea Group
Aon
Aon (Oustourced)
Apple Inc.
APS
Aquarion Water Company of Connecticut
ARAMARK Corporation
Arapahoe County, CO
ArcelorMittal
Arch of Philadelphia
Archdiocese of Newark
Archer Daniels Midland Company
Archon Group, LP
Archstone
AREE
AREVA
Ariba, Inc.
ARINC Incorporated
Arizona Chemical Holdings Corporation
Armstrong World Industries
Arthur J. Gallagher & Co.
ASARCO LLC
Ashford Hospitality Trust, Inc.
Ashland Inc.
Ashley Furniture Industries, Inc.
Aspen Dental Management, Inc.
Asplundh Tree Expert Co
ASRC
Associated Electric Cooperative, Inc.
Associated Wholesale Grocers
Association County Commissioners of Georgia
Assurant, Inc.
Asurion Corporation
AT&T
Athens-Clarke County
ATP Oil & Gas Corporation
Atrium Companies, Inc.
Auburn University
Aultman Health Foundation
Aurora Public Schools
Austin Powder Company
Auto Club Group
Automatic Data Processing
Avanade Inc.
Avaya
Avery Dennison Corporation
Avis Budget Group, Inc.
Aviva
AvMed Health Plans
Avnet Inc.
AXA Equitable Life Ins
BAE Systems Ship Repair, Inc.
Baker Concrete Construction Company, Inc.
Baker Hughes Incorporated
BakerCorp
Ball Corporation
Bank of Hawaii Corporation
Bankers Insurance
Baptist Easley Hospital
Baptist Health South Florida
Baptist Health System, Inc.
Barloworld Handling LLC
Barnes & Noble, Inc.
Barnes Group Inc.
Barry Wehmiller
Basic American Foods
Basic Energy Services
Basin Electric Power Cooperative
Bausch + Lomb
Baxter
Bay Area Rapid Transit District
BayCare Health System
Bayer Corporation
Baylor Health Care System
Baystate Health, Inc.
BBY
BC NEPA
BCBG MAXAZRIA GROUP
Beall's Inc.
Bear Construction Company
Beaulieu Group, LLC
Behringer Harvard
2011 Risk Management Compensation Survey
© 2011 Risk and Insurance Management Society, Inc. (RIMS) II -3 Participant List
Bell Helicopter Textron Inc.
Bell Laboratories, Inc.
Belterra Casino Resort
Ben E Keith
Benderson Development Company, LLC
Benjamin Moore & Co.
Bentall Kennedy
Bentley University
Berkshire Property Advisors
Berwind Corporation
Best Buy Co. Inc.
Bethesda Associates
Bi State Development
BIC
Biddeford Savings
Big 5 Sporting Goods
Bimbo Bakeries USA Inc.
BioMed Realty Trust, Inc.
BJC HealthCare
Black & Veatch
Black Hills Corporation
BlackRock
BlackRock Realty Advisors
Blessing Health System
Block Communications, Inc.
Blue Bell Creameries, L.P.
Blue Cross & Blue Shield
Blue Cross and Blue Shield of North Carolina
Blue Cross Blue Shield of Florida
Blue Cross Blue Shield of Massachusetts
Blue Cross Blue Shield of Michigan
Blue Valley School District
BlueCross BlueShield of South Carolina
BlueLinx Corporation
BMC Software
BMHCC
BNP Paribas
BNSF Railway
Board of Education of the City of Chicago
Boart Longyear Company
Bob Evans Farms, Inc.
Bon Secours Health System
Bonfils Blood Center
Bonneville Power Administration
Books-A-Million Inc.
Booz Allen Hamilton
BOSTIK
Boston Housing Authority
Boston Market Corporation
Boston Scientific Corporation
Boston University
BP plc
Brand Energy & Infrastructure Services, Inc.
BRE Properties, Inc.
Bridgestone Americas, Inc.
Briggs & Stratton Corporation
Brightpoint, Inc.
Broadridge Financial Solutions, Inc.
Brown-Forman Corporation
Budco/Parsec
Buffet's Inc.
Burlington Electric Department
Burlington Northern Santa Fe, LLC
Butte County
C A P
C.J. Spivey associates Inc.
C.L. Thomas, Inc.
CA Self Insurers Security Fund
CA, Inc.
Cabela's Inc.
Cablevision Systems Corp
Cabot Corporation
CACI International Inc
Caesars Entertainment
Cajun Op Co
California State University San Marcos
Calpine Corporation
Camden Property Trust
Cameron International Corporation
Campbell Soup Company
Cancer Agency
Canfield
Canterbury Park Holding Corporation
Capital BlueCross
Capital Metro Transportation Authority
Capital One Financial Corporation
CapitalSource
Care New England Health System
Career Education Corporation
CareFusion Corporation
CareOne Management
Carestream Health, Inc.
Carilion Clinic
Carlson, Inc.
Carmeuse Lime and Stone
Castle & Cooke, Inc.
Catawba County Government
CATERPILLAR
CB Richard Ellis
2011 Risk Management Compensation Survey
© 2011 Risk and Insurance Management Society, Inc. (RIMS) II -4 Participant List
CB&I
CBS
CBS Corporation
CC Industries
CCA
CCSF
CDH-Delnor Health System f/k/a Central DuPage Health
CDI Corporation
CEC Entertainment, Inc.
Celanese Corporation
Centerline Capital Group
CENTERPOINT PROPERTIES TRUST
Central Arkansas Risk Management Association
Central Bancompany, Inc.
Central City Concern
Central DuPage Hospital
Central Processing Corp.
Central Puget Sound Regional Transit Authority
CenturyLink, Inc.
CEVA Logistics
CF Industries, Inc.
CF Jordan
CFA Institute
CFI/GLP
CG
CH2M HILL, Inc.
Charlotte County Board of County Commissioners
Charter Communications
Chemetall
Chemical Manufacturer
Cherry Creek School District
Chicago Housing Authority
Chicago Public Schools
Chickasaw Nation Industries
Chico's FAS, Inc.
Chilton Hospital
Chiquita Brands International, Inc.
CHK
Choice Hotels International, Inc.
CHRISTUS Health
CHS Inc.
Chubb & Son
Church of Jesus Christ of Latter-day Saints
CIBC World Markets Corp
CIGNA Corp
Cinram Manufacturing LLC
Circle K Stores
Cisco
CITGO
Citizens Bank
Citizens Energy Group
Citizens Financial Group, Inc.
Citizens Property Insurance
City & County of Denver
City & County of Honolulu
City and County of San Francisco
City of Albany
City of Anaheim
City of Arvada
City of Atlanta
City of Atlanta, Department of Aviation
City of Battle Creek
City of Beloit
City of Boca Raton
City of Boynton Beach
City of Champaign
City of Charlotte
City of Charlotte/Mecklenburg County/Schools
City of Clintin
City of Coral Gables
City of Coral Springs
City of Edmond
City of Grand Junction, CO
City of Greenville
City of Hawthorne
City of Huntington Beach
City of Inkster
City of Jacksonville
City of Kansas City Mo.
City of Lincoln
City of Longmont
City of Los Angeles
City of Los Angeles Dept. of Water & Power
City of Memphis
City of Mesquite-Texas
City of Miami
City of Naples
City of Norfolk, Virginia
City of Ocala
City of Peoria Illinois
City of Portland, Oregon
City of Rapid City
City of Richmond, VA
City of Riviera Beach
City of Saint Paul
City of Salem, Oregon
2011 Risk Management Compensation Survey
© 2011 Risk and Insurance Management Society, Inc. (RIMS) II -5 Participant List
City of San Jose
City of Saratoga Springs, NY
City of Schertz
City of Spokane
City of Sunnyvale, California
City of Tamarac
City of Tampa
City of Waco
City of Waterbury
City of White Plains
CKE Restaurants, Inc.
CLARCOR Inc.
Clark County Nevada Department of Aviation
Clark County School District, Nevada
Clark County Washington
Clean Water Services
Clearfield City
Clemson University
Cleveland Group, Inc.
CME Group
CMS Energy Corp
CNMC
Coinstar, Inc
Cole Real Estate Investments
Collier County Board of County Commissioners
Collin County Government
Colorado Technical University
Columbia Sportswear
Comcast Corporation
Comerica Bank
Commercial Metals Company
Commonwealth of PA
Community College of Allegheny County
Community Health Systems
Comporium
Computershare
ConAgra Foods, Inc.
Concentra Inc. (a wholly owned subsidiary of Humana Inc.)
Concord Management Limited
ConGlobal Industries, Inc.
Conner Strong
Connexus Energy
ConocoPhillips
Consolidated Edison Company of New York
Consolidated Graphics, Inc.
Constellation Brands, Inc.
Constellation Energy
Construction Materials
Continental Automotive, Inc.
Convergys
Cook Inlet Region, Inc.
Cooper Tire & Rubber Company
CoorsTek, Inc.
Core Management Resources Group
Corn Products International
Cornerstone Real Estate Advisers LLC
Corning Incorporated
Corona Regional Medical Center
Corporate Office Properties Trust
Cost Plus Inc.
Costco Wholesale Corporation
COUNTRY Financial
County of Greenville, Greenville, SC
County of Orange
Covenant Retirement Communities
Covenant Transportation Group, Inc.
Covidien
Covidien plc
CPB - LDS
CPI Corp.
CPS Energy
CR England Global Transportation
Crane & Co., Inc.
Creighton University
Crop Production Services, Inc.
Cross Country Healthcare
CROSSMARK, Inc.
Crowley Maritime Corporation
Crown Holdings, Inc.
Crozer-Keystone Health System
Crump Group, Inc.
CSAA
CSC
CSW
CSX
CSX Corporation
Cubic Corp
Cubist Pharmaceuticals, Inc.
Culligan
Culligan International Company
Cummins Inc.
CUNA Mutual Group
CW Capital Asset Management
CW Financial Services LLC
CWS Capital Partners LLc
Cytec Industries Inc.
Daily Express, Inc.
Daimler Trucks North America
2011 Risk Management Compensation Survey
© 2011 Risk and Insurance Management Society, Inc. (RIMS) II -6 Participant List
Dairy Farmers of America
Dairyland Power Cooperative
Dallas County Community College District
Dallas Independent School District
Dallas/Ft Worth International Airport Board
Dana Holding Corporation
Danisco
Darden Restaurants, Inc.
Dartmouth College
Dassault Falcon Jet Corp
Dave & Buster's
Day Spa Company
Daymon Worldwide
Dayton Freight Lines, Inc.
Dayton Power and Light
Dayton Rogers Mfg. Co.
DC Water & Sewer Authority
DCP MIdstream
Dean Foods Company
Dean Health Systems, Inc.
Decline to State
Deere & Company
Del Monte Foods Company
Dell Inc.
Deloitte LLP
Delphi Automotive, LLP
Deluxe Corporation
Dentists Benefits Insurance Company
DENTSPLY International Inc.
Denver Public Schools
Denver Water Department
Department of the Army
Dept. of Admin. Services Risk Mgt. Division
Developers Diversified Realty Corporation
Devon Energy Corporation
Dex One Corporation
DFS Group Limited
Diamond Resorts
Dick's Sporting Goods
DineEquity
Diocese of Manchester
DIRECTV
Discover Financial Services
Disney
District of Columbia Water & Sewer Authority
District School Board of Pasco County FL
Division of Risk Mgt, Dept of Finance. State of Al.
Dollar General Corporation
Dollar Thrifty Automotive Group, Inc.
Dollar Tree, Inc.
Doosan Infracore Int'l
Douglas County
Douglas County School District
Dover Corp.
Dow Corning Corporation
Dr Pepper Snapple Group, Inc.
Draper and Kramer Inc.
DRC
DSW Inc.
Duke University
Dunbar Armored, Inc.
DuPage County
Duval County Public Schools
E. D. Bullard Company
East Carolina University
Eastern Maine Medical Center
Eastern Municipal Water District
eBay Inc.
EBMUD
Ecolab Inc.
Edison International
Educational Testing Service
Edwards Lifesciences Corp.
EFH
EGP
EHS and Risk Management
Einstein Noah Restaurant Group
El Paso Corporation
El Paso Electric Company
Electric Boat Corporation
Electric Power Research Institute
Electrolux North America, Inc.
Eli Lilly & Company
Embry Riddle Aeronautical University
Emerald Queen Casino
Emeritus Corporation
Emmis Communications Corporation
EnerSys
Ensign-Bickford Industries
Entergy Services, Inc.
Enterprise Holdings
Enterprise Products Company
Entertainment
EOD Technology
EQT Corporation
Equinix, Inc.
Equity Residential
2011 Risk Management Compensation Survey
© 2011 Risk and Insurance Management Society, Inc. (RIMS) II -7 Participant List
Ergon, Inc.
Ericsson Inc.
Erie Insurance Group
ES
ESCO Corporation
Essilor of America, Inc.
Evangelical Christian Credit Union
Evonik Degussa Corporation
EWI/Contran
Excellus BlueCross BlueShield
EXCO Resources, LLC
Exide Technologies
Exopack
Expeditors
Expeditors International of Washington Inc.
Experian
Express Scripts, Inc.
Express, Inc
Extensis Group LLC
Exterran Holdings Inc.
Extra Space Storage
Fairfax County Government
FairPoint Communications
Family Dollar Stores, Inc.
Fannie Mae
Farm Credit System
Farmers Insurance Group
Faurecia USA Holdings, Inc.
FBISD
FCCServices, Inc.
FCI
Federal Mogul Corporation
Federated Investors, Inc.
FedEx Corporation
FedEx Custom Critical, Inc.
FedEx Office and Print Services, Inc.
Ferguson Enterprises, Inc.
Fidelity National Financial
Fiesta Mart, Inc.
Financial Industry Regulatory Authority (FINRA)
Fireman's Fund Insurance Company
Firestone Diversified Products, LLC
First Data Corporation
First Financial Bank, NA
First Horizon National Corporation
First Industrial Realty Trust
First National Bank Alaska
First Niagara Financial Group, Inc.
FirstEnergy Corp.
Five Colleges, Incorporated and members
FL Conf.
Flexcon
Flextronics
Flint Group Incorporated
Florida Conference UMC
Flowserve Corporation
Fluor Corporation
FMC Corporation
FMC Technologies, Inc.
Follett Corporation
Forsythe Technology, Inc.
Fort Bend County
Fortune Brands, Inc.
Fox Entertainment Group, Inc.
Franciscan Services Corporation
Franklin Templeton
Freeman
Freeport LNG
Fresh & Easy Neigborhood Market Inc.
Friedkin Companies, Inc.
Fuel Oil Company
G & K Services
G&D Integrated, Inc.
G&K Services, Inc.
G4S/Touchcom
Gables Residential
GameStop
Gap Inc.
Gardner Denver, Inc.
Gary-Williams Energy Corporation
GATX CORPORATION
Gaylord
GEICO Insurance Company
Gene B. Glick Company Inc.
Genentech, Inc.
General Cable
General Dynamics Corporation
General Motors Company
Genesee County
GenOn Energy, Inc.
Gentiva Health Services, Inc.
Genzyme Corporation
Georgia EMC
Georgia EMC Workers Comp Fund
Giant Eagle
GID Investment Advisers LLC
Gilead Sciences
Girl Scouts of the USA
Glacier Bancorp, Inc.
2011 Risk Management Compensation Survey
© 2011 Risk and Insurance Management Society, Inc. (RIMS) II -8 Participant List
Glatfelter
Global Crossing
GLOBALFOUNDRIES
GMR Marketing LLC
Golden Corral Corporation
Golden Living
Golden Rain Foundation
Golden State Foods
Goodrich Corporation
Grainger
Graphic Packaging International, Inc.
Graybar Electric Company, Inc.
Great American insurance
Great Plains Energy, Inc.
Great Western Insurance Co.
Greektown Casino, LLC
Green Bay Packaging Inc.
Greystar Real Estate Partners
Griffith Laboratories, Inc.
GSBA
GSF
GTECH Corporation
Guardian Industries Corp.
Guardsmark, LLC
Guess? Inc.
Gypsum Management and Supply, Inc.
H. O Penn Machinery Company, Inc.
HAGI
Halliburton Company
Halsted Communications
Hand Surgery Specialists of Nevada
Hanesbrands Inc.
Harley-Davidson Financial Services, Inc.
Harley-Davidson Motor Company
Harrah's New Orleans Casino & Hotel
Harris Corporation
Harris Teeter
Harry and David
Harvard Maintenance, Inc.
Harvest Facility Holdings, LP
Hasbro, Inc.
Haverty Furniture Companies, Inc
Hawaiian Electric Company, Inc.
Haworth, Inc.
HCC
HCP, Inc.
HD Supply
HDS
Health Care
Health Care Service Corporation
Health Net, Inc.
Hearst Corporation
HEB
HEB Risk Solutions
HEC
HECO
Heitman
Hendrick Automotive Group
Henkel of America, Inc.
Henry Schein, Inc.
Hewlett-Packard Co
Highmark, Inc.
Hillenbrand, Inc.
Hill-Rom Company, Inc.
Hillsborough County Aviation Auth
Hillsborough County BOCC
Hillsborough County Government
Hines Interests Limited Partnership
Hitachi Global Storage Technologies
HM.Clause Harris Moran Seed Company
HNI Corporation
HNTB Companies
Holcim (US) Inc.
Holy Redeemer Health System
Home Properties
Honda North America, Inc.
Honeywell International Inc.
Horizon Blue Cross BlueShield
Horizon Hobby
Hormel Foods Corporation
Houston Independent School District
HSBC North America Holdings Inc.
HSN, Inc.
HSNi
Hubbell
Hudson Advisors, LLC
Hunter Roberts
Huntington Bancshares Incorporated
Husqvarna
Hyatt Hotels Corporation
Hypertherm, Inc.
IAC/InterActiveCorp
IAP Worldwide Services, Inc
IASIS Healthcare
ICL Performance Products LP
ICM Inc.
IDI, Inc.
IEEE
IGT
IHG
IHR
2011 Risk Management Compensation Survey
© 2011 Risk and Insurance Management Society, Inc. (RIMS) II -9 Participant List
IHS Inc.
IKEA Charlotte
IKEA North America Services, LLC
Ilitch Holdings, Inc.
Illinois Casualty Company
IMG Worldwide, Inc.
IMS Health
Independent Health
Independent Purchasing Cooperative
ING
Ingersoll Rand
Ingram Industries Inc.
Ingram Micro Inc.
InifoPrint Solutions Company, LLC
Inland Riska and Insurance Management Services, Inc.
InSight Health Corp.
Insite Managed Solutions
Insurance Board
Insurance Buyers' Council, Inc.
Insurance Library Association of Boston
Insurance Office of America, Inc.
Integrys Energy Group, Inc.
Intel Corporation
Intergovernmental Risk Management Agency
Interim Healthcare, Inc.
Interland Corporation
Intermec, Inc.
Intermountain Staffing
International Game Technology
International Matex Tank Terminals (IMTT)
International Paper
InVentiv Clinical Solutions
InVentiv Health, Inc.
Invesco
IOC
Iowa State University
IRMA
Iron Mountain
ISMIE Mutual Insurance Company
ISS Facility Services, Inc.
iStar Financial Inc.
Ithaca College
Itron, Inc.
ITW
J M Huber Corporation
J. R. Simplot Company
J.M. Huber Corporation
Jabil Circuit, Inc.
Jacksonville Transportation Authority
Jacobs Engineering Group Inc.
Jacobs Management Corporation
James G. Davis Construction Corporation
Jas. D. Easton, Inc./Easton Technical Products, Inc.
Jason's Deli Corporate Office
Jefferson Parish
JELD-WEN
JI Specialty Services, Inc.
JM Family Enterprises, Inc.
JM Huber Corporation
JMC Steel Group
Johns Manville
Johnson & Johnson
Johnson Controls, Inc.
Jones Lang LaSalle
Journal Communications, Inc.
Joy Global Inc.
JPMorgan Chase & Co.
Judical Council of California
Juniper Networks
J-W Energy Company
Kaiser Foundation Health Plan
Kaiser Permanente
Kamehameha Schools
Kanakuk Ministries
Kansas City Power & Light
Kansas Gas Service
Kellogg Brown and Rool LLC
Kelly Services, Inc.
Kenai Peninsula Borough & School District
Kentucky Farm Bureau Mutual Insurance Companies
Kerzner International
KeyBank
KeyCorp
Kimberly-Clark
Kimmins Corp.
Kinder Morgan Inc.
Kindred Healthcare
Kinetic Concepts, Inc.
Kissimmee Utility Authority
KMG Chemicals
Kohler Co.
Kohl's
Komatsu America Corp.
KONE Inc.
Kraft Foods Inc.
Krueger International, Inc.
Kwik Trip, Inc.
2011 Risk Management Compensation Survey
© 2011 Risk and Insurance Management Society, Inc. (RIMS) II -10 Participant List
Kyocera International
L-3 Communications
Labor Finders International, Inc.
LACMTA
Laerdal Medical Corporation
Lafarge North America
Land O'Lakes, Inc.
Lands' End, Inc.
LANDSTAR SYSTEM, INC
Lane Hospitality
Laureate Education, Inc.
Lawrence Livermore National Laboratory
LBA Realty LLC
LDH Energy
LDS Church
Lear Corporation
Learning Care Group, Inc.
Lee county Electric Co-Op
Leggett & Platt, Inc.
Lennox International Inc.
Leupold & Stevens, Inc.
Level 3 Communications Inc.
Leviton Manufacturing Co., Inc.
Lexmark
Libbey Inc.
Liberty Diversified International
Liberty Mutual Group
Liberty Property Trust
Lifespan Corporation
Lifespan Risk Services
Lifetime Healthcare, Inc.
LifeWay Christian Resources
Limited Brands
Lincoln Electric Holdings
Lincoln National Corporation
Lincoln Property Company
Link Staffing Services
Linn Benton
Lipscomb University
LKQ Corporation
Lockheed Martin Aeronautics Co.
Loftus Adjustment Service
Logan's Roadhouse, Inc.
Loma Linda University Health System
Lone Star College System
Long Enterprises
Loram Maintenance of Way, Inc.
L'Oreal USA
Lorillard, Inc./Lorillard Tobacco Company
Los Angeles County Metropolitan Transportation Authority
Los Angeles Unified School District
Los Angeles World Airports
Louis Dreyfus Commodities
Lovelace Respiratory Research Institute
Love's Travel Stops, Inc.
Lowe Enterprises, Inc.
Lowe's Companies, Inc.
Loyola University Health System
LQ Management L.L.C.
LSI Corporation
Luby's, Inc.
Lucas County Board of Commissioners
Luxottica
LyondellBasell Industries
M&T Bank Corp
M. C. Dean
Macerich Company
Maclean Fogg Company
MACTEC, Inc.
Macy's
Madison Square Garden, Inc.
Maersk Inc.
Magee Rehabilitation Hospital
Magellan Midstream Partners, L.P.
Maher Terminals LLC
Majestic Star Casino LLC
Major League Baseball
Manafort Brothers Incorporated
Manor Care, Inc.
Manpower Group
MARCOR Environmental, LP
Marion County Board of County Commissioners
Marion County Risk Management
Marriott International, Inc.
Marsh & McLennan Companies
Marshall & Ilsley Corporation
Martin Marietta Materials, Inc.
Martin's Inc.
Maryland Medicine Comprehensive Insurance Program
Marymount University
Masco Corporation
Mass Bay Transit Authority
Massachusetts Department of Transportation
Massachusetts Water Resources Authority
MassDevelopment
Master Halco, Inc.
2011 Risk Management Compensation Survey
© 2011 Risk and Insurance Management Society, Inc. (RIMS) II -11 Participant List
MasterCard International Incorporated
Matrix Home Care
Mattel, Inc.
Mattress Holding LLC
McDermott International, Inc.
McGraw-Hill
McKee Foods Corporation
McKesson Corp.
McLean County
MDI
Meadville Medical Center
MeadWestvaco Corporation
MediaNews Group, Inc.
Medtronic Inc.
Meijer, Inc.
Memorial Health System
Merchants Insurance Group
Merck & Co., Inc.
Merrick & Company
Messer Construction Co.
Messinger Mortuary & Chapel, Inc.
MetLife
METRA
Metro
Metropolitan Atlanta Rapid Transit Authority
Metropolitan Stevedore Company
Metropolitan Transit Authority of Harris County, Texas
Metropolitan Washington Airports Authority
Metropolitan Transit Authority, Houston,TX.
MFS Investment Management
MGM Resorts International
Miami Dade College
Miami Dade County
Miami Dade County Public Schools
Michael Foods, Inc.
Michels Corporation
Michigan Catholic Conference
Michigan Milk Producers
Michigan Technological University
Microchip
Microsoft Corporation
Milwaukee Metropolitan Sewerage District
Mine Safety Appliances Company
MiraCosta Community College District
Mirant
MISO
Mitsubishi Caterpillar Forklift America Inc.
Mitsubishi International Corporation
MMCIP
Mohave County
Molson Coors Brewing Co
Monarch Consulting Inc.
Montana State University
Montereau, Inc.
Montgomery County
Montgomery County, Maryland
Moody's Corporation
Morgan Hotel Group Co.
Morton Salt, Inc.
Mosaic
MPG Office Trust
MRIGlobal
mrm
MTC
Mueller Water Products, Inc.
Murphy Oil Corporation
Muscatine Foods Corporation
MWH Global Inc.
Mylan Inc.
NACCO Materials Handling Group
Nalco Company
NANA Development Corporation
Nash Finch Company
National Academy of Sciences
National Exchange Carrier Association
National Express Corp
National Financial Partners Corp.
National Futures Association
National Grid
National Heritage Academies, Inc.
National Life Group
National MS Society
National Railroad Passenger Corporation
National Rifle Association of America
Nationwide Insurance Company
Nautilus International Holding Corp.
Navistar, Inc.
NAVTEQ
Navy Exchange Service Command
NCI GROUP, INC
NCR
NE Ohio Regional Sewer District
Nebraska Public Power District
NEC Corporation of America
Neopost USA Inc.
Nestle
NetApp, Inc.
2011 Risk Management Compensation Survey
© 2011 Risk and Insurance Management Society, Inc. (RIMS) II -12 Participant List
Nevada Insurance Guaranty Association
Nevada System of Higher Education
New Mexico Association of Counties
New Mexico State University
New York City Housing Authority
New York University
NEWAsurion
NewCourtland
Newegg Inc.
Newell Rubbermaid Inc.
Newfield Exploration Company
NewPage Corporation
Newport Consulting
Nexen Petroleum U.S.A. Inc.
Nichols Brothers Inc.
Nike, Inc.
Nissan North America, Inc.
Noble Drilling Services Inc.
Nordson Corporation
Norfolk Southern Corporation
Nortek, Inc.
Northeastern University
Northern Trust Corporation
Northrop Grumman Corporation
Northwest Evaluation Association
NorthWestern Energy
Northwestern Memorial Hospital
Nova Southeastern University
Novartis Corporation
NSHE
NuStar Energy
NV Energy, Inc.
NVIDIA Corporation
NY Black Car Operators' Injury Compensation Fund
NYCM Insurance
NYPA
NYU Langone Medical Center
Occidental Petroleum Corporation
OCSD
Odebrecht
Office Depot, Inc.
OfficeMax Incorporated
OGE Energy Corp
Ohio Farmers Insurance Company
Old Dominion Electric Cooperative
Old Mutual | US Life
Old Republic International Corporation
Oldcastle
Omaha Public Power District
Omni Hotels & Resorts
OmniTRAX, Inc. and The Broe Group
OMNOVA Solutions Inc.
ONEOK, Inc.
Oppenheimer Law Firm
Oracle Corp
Orange County Board of County Commissioners
Orbital Sciences Corporation
Orchid Medical
Oregon Child Development Coalition
Oregon Health & Science University
O'Reilly Auto Parts
Orscheln Management Co.
Osage Million Dollar Elm Casinos
Osceola County Board Of County Commissioners
Oshkosh Corporation
Otter Tail Corporation
Overlake Hospital Medical Center
Owens & Minor, Inc.
Owens-Illinois, Inc.
OXY
P.F. Chang's China Bistro, Inc.
Pacific Coast Companies Inc.
Pacific Coast Steel
Pacific Life Insurance Company
Pacific Marine & Supply Co., LTD.
Pacifica Hotel Company
PAETEC
PALA
Pall Corporation
Panasonic Corporation of America
Panda Restaurant Group, Inc.
Parsons Corporation
Pasc County School
Paychex, Inc.
PCI Gaming Authority
PDS Tech
Pearson plc
Penna. Real Estate Investment Trust
Pennsylvania State University
Penske Automotive Group
Pentair, Inc.
People's United Bank
Peoria Park District
Pepco Holdings, Inc.
Pepsi Cola Bottling Company of NY, Inc.
PepsiCo, Inc.
Perkins and Marie Callender's Inc.
Pernod Ricard USA, LLC.
Perris Union High School District
2011 Risk Management Compensation Survey
© 2011 Risk and Insurance Management Society, Inc. (RIMS) II -13 Participant List
PETCO Animal Supplies, Inc.
PetroQuest Energy, L.L.C.
PetSmart Inc.
Pfizer
Phillips-Van Heusen
Physicians Liability Insurance Company
Physician's Reciprocal Insurers
Piedmont Natural Gas
Pier 1 Imports Inc.
Pierce County Government
Pierce Transit
Pike Electric Corp.
Pima County
Pinellas County Risk Management
Pinellas County Schools
Pinellas Suncoast Transit Authority
Pinnacle Airlines Corp.
Pinnacle West Capital Corporation
Pioneer Investment Management USA
PJ United, Inc.
Placer County
Planned Parenthood
Plantronics Inc.
PLICO
Plum Creek Timber Company, Inc.
PMI
PNM Resources, Inc.
Polo Ralph Lauren
Port Authority of NY & NJ
Port of Los Angeles
Port of Portland
Port of Seattle
Portillo's Hot Dogs, Inc.
PPL Corporation
Precision Castparts Corp.
Premera Blue Cross
Presbyterian Church USA
PricewaterhouseCoopers
Prime Inc.
Prince William County Government
Princess Cruise Lines, Ltd.
Princeton University
Principal Real Estate Investors
ProBuild Holdings Inc.
Professional Community Management, Inc.
Progress Energy
Progressive Housing Inc.
PROSERVICE HAWAII BDC
Providence
Providence Health & Services
Prudential
PSAV Presentation Services
PSC, LLC
PTG Management Company
Public School Risk Institute
Public Utilities Risk Management Association
Public Utility District No. 1 of Benton County, WA
Public Utility District No. 2 of Grant County, WA
Public Utility District No.1 of Snohomish County
Public Utility District No. 1 of Cowlitz County
PulteGroup, Inc.
Purdue Pharma L.P.
Purdue University
Putnam Investments
PwC
Quad/Graphics, Inc.
Quaker Chemical corporation
QUALCOMM Incorporated
Quality Distribution, Inc.
Quantum Corporation
Quicken Loans Inc.
Quintana Minerals Corporation
Quintiles Transnational Holdings Inc.
Qwest Communications Int'l Inc.
R.D. Offutt Company
Radian Guaranty Inc.
Raley's
Ramco-Gershenson, Inc.
Randalls Food Markets
Range Resources Corporation
Rayonier Inc.
Real Mex Restaurants, Inc.
Realogy Corporation
Reckitt Benckiser
Recology
Red Bull
Red Robin International, Inc.
Regency Centers Corporation
Regional Transportation District
Related
Renal Advantage Inc.
Renown Health
Rent-A-Center Inc.
Renzenberger, Inc
Republic Financial Corporation
RES
Reser's Fine Foods, Inc.
2011 Risk Management Compensation Survey
© 2011 Risk and Insurance Management Society, Inc. (RIMS) II -14 Participant List
Restaurant Technologies, Inc.
Restaurants Unlimited
Retail Wholesale Apparel
Rexnord Industries, LLC
Reyes Holdings
Rice University
Rich Products Corp
Ricoh Americas Corporation
RICOMP Claims Management Corp
Ridgewood Savings Bank
Rio Grande Regional Hospital
Rio Tinto
Rio Tinto / Kennecott Utah Copper
Risk and Insurance Management Society, Inc.
Risk International
Risk Management
Robin Industries Inc.
RockTenn Company
Rockwell Automation, Inc.
Rockwell Collins, Inc.
Rockwood Specialties
Roman Catholic Diocese of Pittsburgh
Romano's Macaroni Grill
Ross Stores, Inc.
Rotary International
Roth
Roto-Rooter Services Company
Royal Caribbean Cruises Ltd
Royal Dutch Shell
RR Donnelley & Sons Company
rvos
Ryder System, Inc.
Safety Insurance Company
Safeway Inc.
SAF-HOLLAND, Inc.
Sage Software
Sagicor Claims Management
SAIC
Saint Francis Health System
Saint Louis University
Saint-Gobain Corporation
Salem Communications
Salt River Project
Saltchuk Resources, Inc.
Samford University
San Antonio Water System
San Francisco International Airport
San Francisco Unified School District
SandRidge Energy, Inc.
Sandvik, Inc.
Sanofi
Santa Clara Valley Transportation Authority
Santa Clara Valley Water District
Santee Cooper
Sara Lee Corporation
SAS Institute Inc.
Savage Companies
SCAN Health Plan
SCANA
SCCRWA
Schneider Electric
Schnitzer Steel Industries, Inc.
Scholastic Inc.
School Board of Polk County
School District of Palm Beach County
Schumacher Group
Schweitzer Engineering Laboratories, Inc.
Science Applications International Corporation
SCJ
Scripps Networks Interactive, Inc.
Seaboard Corporation
Seagate Technology
Sealed Air Corporation
Sealy
Sears Holdings Corp
Seattle Public Schools
Securitas Inc.
Sedgwick CMS
Sedgwick County, Kansas
SEFCU
Seminole Tribe of Florida
Sempra Energy
Sentara Healthcare
Sequa
Seton Hall University
SFN Group
Shaklee Corporation
Shamrock Foods Company
Shawmut Design and Construction
Shelby County Government
Shell Oil Company
Sherwin-Williams
Shriners Hospitals for Children
Siemens
Sierra Nevada Corporation
Sigma-Aldrich Corp
Silverado
Silverstein Properties
2011 Risk Management Compensation Survey
© 2011 Risk and Insurance Management Society, Inc. (RIMS) II -15 Participant List
Simon Property Group
Sinclair Oil Corporation
Skilled Healthcare, LLC
Smith & Nephew Inc.
Smithsonian
Smithsonian Institution
SMS Holdings Corporation
SMUD
Snap-on Incorporated
Snyder's-Lance, Inc.
Sodexo, Inc.
Solo Cup Company
Solutia
Sonoco Products Company
Sony Corporation of America
Sony Pictures Entertainment Inc.
Sotheby's
SOURCECORP, Incorporated
South Jersey Industries, Inc.
Southern Company
Southern Methodist University
Southern States Cooperative Inc.
Southern Ute Indian Tribe Growth Fund
Southwest Florida Water Management District
Southwest Research Institute
Sovereign Bank
Sparks Nugget, Inc.
Special Districts Association of Oregon
Specialty Retail
Spectrum Health System
Spencer Reed Group LLC
SSM Health Care
St Edward's University
St. Joseph Health System
St. Louis Convention & Visitors Commission
Staff One, Inc.
Staffmark
Stage Stores, Inc.
Standard Insurance
Standard Motor Products
Standard Parking Corporation
Standex International Corporation
Staples
Starbucks Coffee Company
Starwood Hotels & Resorts Worldwide, Inc.
State of Colorado
State of Connecticut
State of Nevada
State of Nevada/Risk Management Division
State of Oregon, Department of Administrative Services
State of Utah, Division of Risk Management
State of Wisconsin Bureau of State Risk Management
State of Wisconsin, Office of the Commissioner of Insurance
State Street Corp
Sterling Jewelers Inc.
Sterling Municipal Light Department
Sterling Savings Bank
Stewart & Stevenson LLC
Stewart Enterprises Inc.
Stonebridge Companies
STP Nuclear Operating Company
Structural Integrity Associates, Inc.
Styron LLC
Subaru of America, Inc.
Suburban Propane Partners, L.P.
Suez Environment North America
Sun Healthcare Group, Inc.
Sunstate Equipment Co.
Superior Air Ground Ambulance Services, Inc.
SUPERVALU INC
Swift Energy Company
Symantec Corporation
Synovus Financial Corp
Sysco Corporation
Systemax
Take 5 Oil Change
Talbots
Talecris Biotherapeutics
Target
Taubman Company
TCF Financial Corporation
TD Ameritrade
TE Connectivity Ltd
Teachers Retirement System of Texas
Tech Data Corporation
Technicolor USA, Inc.
Teledyne Technologies Inc.
Temple University Health System
Tenet Healthcare Corporation
Tennessee Valley Authority
Teradata Corporation
Terex Corporation
Terra Renewal Services
Terra-Gen Power, LLC
2011 Risk Management Compensation Survey
© 2011 Risk and Insurance Management Society, Inc. (RIMS) II -16 Participant List
Tesoro Corporation
Texas Association of Counties
Texas Children's Hospital
Texas City ISD
Texas Guaranteed Student Loan Corporation
Texas State Office of Risk Management
Texas Wings, Inc.
TFC
Thales USA, Inc.
The Aerospace Corporation
The ALS Group
The Art Institute of Chicago
The Auto Club Group
The Beck Group
The Blood & Tissue Center of Central Texas
The Bon-Ton Store, Inc.
The Boston Consortium for Higher Education
The Brady Companies
The BROE Group
The California State University
The Cheesecake Factory Incorporated
The Chicago Transit Authority
The Children's Place Retail Stores, Inc.
The Claremont Colleges
The Clorox Company
The Coca-Cola Company
The Decurion Corporation
The Duchossois Group, Inc.
The E.W. Scripps Company
The Forensic Institute
The Great Atlantic & Pacific Tea Company, Inc.
The Greenspun Corporation
The Grocers Supply Co., Inc.
The Hartford
The Hartz Group
The Haskell Company
The HAVI Group LP
The Hayman Company
The Hearst Corporation
The Hershey Company
The Home Depot
The Inland Group, Inc.
The Johns Hopkins Health System
The Jones Group, Inc.
The Krystal Company
The Majestic Star Casino, LLC
The Marmon Group LLC
The McGraw-Hill Cos., Inc.
The MITRE Corporation
The Mosaic Company
The National Catholic Risk Retention Group
The New York Times Company
The Pennsylvania State University
The Peterson Companies
The Pictsweet Company
The PNC Financial Services Group, Inc.
The Reader's Digest Assoc., Inc.
The Salvation Army
The Schwan Food Company
The Scotts Miracle-Gro Company
The ServiceMaster Company
The Shaw Group Inc.
The Tatitlek Corporation
The Timken Company
The Toro Company
The Universtiy of Alabama
The Walt Disney Company
The Warnaco Group, Inc.
The Washignton Post Company
The Wilbur-Ellis Company
The Williams Companies
The World Bank
Thomson Reuters Corp
Thor Industries, Inc.
TIAA-CREF
Tiffany and Company
Time Warner Inc.
Tishman Construction Corporation
T-Mobile
Toll Brothers
Toro
Torus Specialty Insurance Company
TOTAL American Services, Inc.
Total Risk Management
Total Safety U.S., Inc.
Total Transit
Towers Watson
Town of Palm Beach
Toyota Motor Sales USA, Inc.
Tracfone Wireless Inc.
Tractor Supply Company
TRANSAMERICA CORPORATION
Transfield Services North America, Inc.
TransForce
Transocean
Trans-System, Inc.
TransUnion Corp.
Travelport
2011 Risk Management Compensation Survey
© 2011 Risk and Insurance Management Society, Inc. (RIMS) II -17 Participant List
Travis County
Treasury
Tri Marine International
Tribune Company
TriMont Real Estate Advisors, Inc.
TriNet
Trinity Health Corporation
Trinity Industries, Inc.
Tri-State Generation and Transmission Association
Tropical Shipping
Tropicana Entertainment Inc.
True Companies
True Oil LLC
True Value Company
TRW Automotive Inc.
Tucson Electric Power Company
Tuolumne Me-Wuk Tribal Council
Turner Broadcasting System, Inc.
Turner Bros., LLC
Turner Enterprises, Inc.
TW Telecom Inc.
TYCO Healthcare
Tyson Foods, Inc.
U.S. Foodservice, Inc.
UCF Hotel Venture
UHG
UHS
Ullico
ULTA BEAUTY
UMB Financial Corporation
UniGroup, Inc.
UniSource Energy Corporation
United Airlines
United Car Care, Inc.
United Church Insurance Association
United Educators
United Nations Federal Credit Union
United Rentals, Inc.
United Services Association, Inc.
United Space Alliance, LLC
United States Olympic Committee
United Water
Universal Health Services
Universal Leaf Tobacco Company, Inc.
University Hospitals
University of Alabama at Birmingham
University of Alaska
University of Alaska Fairbanks
University of California
University of California Merced
University of California San Francisco
University of California, Davis
University of Colorado
University of Denver
University of Illinois
University of Illinois System
University of Kentucky
University of Maine System
University of Missouri
University of North Texas
University of Oregon
University of San Diego
University of Texas Health Science Center Houston
University of the Pacific
University of Virginia
University of the Pacific
Univision Communications Inc.
Univita Health
UPS
US Bancorp
USAA
USAA Group
USG Corporation
Utah Department of Transportation
UTC
UTi
Utility Services Associates, Inc.
Vail Resorts, Inc.
Valero Energy Corporation
ValleyCrest Companies
Vanguard
Varian Medical Systems, Inc.
Vector Security, Inc.
Ventura Foods, LLC
Veolia Environmental Services North America Corp.
Veolia Transportation, Inc.
Veolia Water
Verde Realty
Verisk Analytics
Verizon Communications Inc.
Vestas American Wind Technology, Inc.
Veyance Technologies, Inc.
Viacom Inc.
Viad Corp.
Viejas Enterprises
Village of Skokie
Virginia Polytechnic Institute and State University
Vivint, Inc.
2011 Risk Management Compensation Survey
© 2011 Risk and Insurance Management Society, Inc. (RIMS) II -18 Participant List
Volkswagen Group of America
Vornado Realty Trust
VPSI Inc.
Vulcan Materials Company
W.W. Grainger, Inc.
Wagner Equipment Co.
Wake Forest Baptist Health
Wal-Mart Stores, Inc.
Walt Disney Company
Warnaco
Warren Distribution, Inc.
Washington Counties Risk Pool
Washington County Government
Washington Gas Light Company
Washington Metropolitan Area Transit Authority
Waste Connections
Watkins Associated Industries, Inc.
Watt Companies
Watts Water Technologies, Inc.
Wausau Paper Corp.
Wawa, Inc.
WCi Communities, Inc.
We Energies
Weatherford International Inc.
Weeks Marine, Inc.
Wegmans Food Markets, Inc.
Weingarten Realty Investors
Wells Fargo & Company
Wells Fargo Bank
Wells Real Estate Funds, Inc.
Wendy's/Arby's Group
Werner Enterprises
West Pharmaceutical Services, Inc.
West Virginia University
Westar Energy Inc.
Western & Southern Financial Group
Western Bridge Corporate Federal Credit Union
Western Construction Group
Western Digital
Western National Group
Western Washington University
Westervelt Company
Westfield, LLC
Weston Solutions, Inc.
Weyerhaeuser
Whataburger
Wheaton Franciscan Healthcare
Wheaton Franciscan Services, Inc.
Whirlpool Corporation
Whole Food Market
Wilbur-Ellis Company
Williams
Williams-Sonoma, Inc.
Windsor Food Company
Windstream Communications, Inc.
Winn-Dixie Stores, Inc.
WinWholesale Inc.
WIS
Wolters Kluwer
Wolverine World Wide, Inc.
Work First Casualty
Wright Medical Group, Inc.
Wright Medical Technology, Inc.
Wrigley Company / Mars Incorporated
WS Badcock Corporation
Wyndham Worldwide
Xcel Energy Inc.
Xerox Corp
Yahoo! Inc.
Yale New Haven Health Services Corporation
Yale University
Yeshiva University
YKK Corporation of America
YMCA of Central Florida
YMCA of Greater Seattle
YRC Worldwide Inc.
Yum! Brands, Inc.
Zachry Corporation
Zachry Engineering Corp.
Zachry Holdings, Inc.
Zilber Ltd.
Zurich
Zurich in North America
2011 Risk Management Compensation Survey
U.S. Participant Demographics
The 2011 Risk Management Compensation Survey contains compensation data for 11 jobs from 2,116 individual respondents from 1,750 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.
© 2011 Risk and Insurance Management Society, Inc. (RIMS) III - 1 U.S. Participant Demographics
2011 Risk Management Compensation Survey
U.S. Participant Demographics
Ownership Type
# of
Resp.
Percent of
Respondents
Publicly Traded 952 45.0%
Private 633 29.9%
Government 250 11.8%
Not-for-Profit 211 10.0%
Other/Not Specified 70 3.3%
Revenue
# of
Resp.
Percent of
Respondents
Less than $100 Million 176 8.3%
$100 - $250
Million139 6.6%
$100 - $250 Million$250 - $500
Million161 7.6%
$250 - $500 Million $500 Million - $1 Billion 256 12.1%
$1 - $5
Billion623 29.4%
$1 - $5 Billion$5 - $10
Billion227 10.7%
$5 - $10 BillionGreater than
$10 Billion325 15.4%
Other/Not Specified 209 9.9%
The 2011 Risk Management Compensation Survey contains compensation data for 11 jobs from 2,116 individual respondents from 1,750 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
45.0%
29.9%
11.8% 10.0%
3.3%
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
8.3% 6.6% 7.6%
12.1%
29.4%
10.7%
15.4%
9.9%
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 - $5Billion
$5 - $10Billion
Greater than$10 Billion
Other/NotSpecified
Percent of Respondents
© 2011 Risk and Insurance Management Society, Inc. (RIMS) III - 2 U.S. Participant Demographics
2011 Risk Management Compensation Survey
U.S. Participant Demographics
Organization Type
# of
Resp.
Percent of
Respondents
Parent 1574 74.4%
Subsidiary 148 7.0%
Division 143 6.8%
Single Location 130 6.1%
Other 121 5.7%
Regions (defined in Section I - 11)
# of
Resp.
Percent of
Respondents
North East Region North East 312 14.7%
Mid Atlantic Region Mid Atlantic 265 12.5%
South East Region South East 271 12.8%
Mississippi Valley 487 23.0%
Mountain Region Mountain 374 17.7%
Western Region Western 407 19.2%
Organization Type
Region
74.4%
7.0% 6.8% 6.1% 5.7%
0.0%
10.0%
20.0%
30.0%
40.0%
50.0%
60.0%
70.0%
80.0%
Parent Subsidiary Division Single Location Other
Percent of Respondents
14.7%
12.5% 12.8%
23.0%
17.7%
19.2%
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
© 2011 Risk and Insurance Management Society, Inc. (RIMS) III - 3 U.S. Participant Demographics
2011 Risk Management Compensation Survey
U.S. Participant Demographics
Industry
# of
Resp.
Percent of
Respondents
Agriculture 18 0.9%
Business/Info
Services/Consulting/Legal/Accounting30 1.4%
Chemical/Pharmaceutical/Biotechnology 81 3.8%
Computer Software/Services 23 1.1%
Construction/Engineering/Architectural 71 3.4%
Education 117 5.5%
Energy 88 4.2%
Entertainment & Media 49 2.3%
Finance/Banking 89 4.2%
Government 150 7.1%
Healthcare 131 6.2%
Hospitality 70 3.3%
Insurance 107 5.1%
Mfg - Durable (includes Aerospace,
Computer/Office Equipment, Electronics)197 9.3%
Mfg - Nondurable (includes Food, Paper & Allied
Products)100 4.7%
Mining/Milling/Smelting 19 0.9%
Not-for-Profit 34 1.6%
Real Estate 94 4.4%
Research & Development 7 0.3%
Retail 140 6.6%
Service 58 2.7%
Telecommunications 41 1.9%
Transportation 103 4.9%
Utilities 97 4.6%
Wholesale Distribution 45 2.1%
Other 157 7.4%
Industry
0.9%
1.4%
3.8%
1.1%
3.4%
5.5%
4.2%
2.3%
4.2%
7.1%
6.2%
3.3%
5.1%
9.3%
4.7%
0.9%
1.6%
4.4%
0.3%
6.6%
2.7%
1.9%
4.9%
4.6%
2.1%
7.4%
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
© 2011 Risk and Insurance Management Society, Inc. (RIMS) III - 4 U.S. Participant Demographics
2011 Risk Management Compensation Survey
U.S. Participant Demographics
# of
Resp.
Percent of
Respondents
Do not have a Top Risk Management Executive 30 1.4%
Treasury 457 21.6%
Legal/Compliance Officer/Solicitor-General/Attorney General305 14.4%
CEO/VP/Board of Directors/President 263 12.4%
Other 108 5.1%
Human Resources/Personnel/Employee Benefits 86 4.1%
COO 69 3.3%
Administration/Management
Board/Government Services49 2.3%
Mayor/Governor/Premier 3 0.1%
Did Not Indicate 4 0.2%
nThe average reported number of employees in the risk management department is 7.86 while the median is 4.00.
Who the Top Risk Management Executive reports to:
Size of Department
1.4%
21.6%
14.4%
12.4%
5.1%
4.1%
3.3%
2.3%
0.1%
0.2%
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
© 2011 Risk and Insurance Management Society, Inc. (RIMS) III - 5 U.S. Participant Demographics
2011 Risk Management Compensation Survey
U.S. Participant Demographics
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© 2011 Risk and Insurance Management Society, Inc. (RIMS) III - 6 U.S. Participant Demographics
2011 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
231 $183.8 $147.0 $175.0 $210.0 190 $63.9 $27.0 $50.0 $78.0 136 34.5% 30.0% 231 $236.3 $175.0 $210.0 $275.0 19.1 20.0
Director - Business Continuity/Financial/IT
Risk Management16 $135.7 $109.0 $127.5 $147.0 14 $34.8 $15.0 $22.5 $60.0 6 23.3% 20.0% 16 $166.2 $121.5 $140.5 $188.5 12.1 8.5
Director - Enterprise Risk Management
(ERM)/Strategic Risk Management / Risk
Intelligence
114 $130.2 $98.0 $130.0 $152.0 89 $26.0 $10.8 $22.0 $30.0 62 20.9% 20.0% 114 $150.5 $107.4 $140.5 $190.0 14.2 14.0
Director - Insurance and Risk Management 908 $126.8 $99.3 $124.0 $150.0 644 $32.0 $12.5 $25.0 $42.0 435 25.9% 20.0% 908 $149.5 $105.0 $139.5 $180.7 19.3 20.0
Manager - Insurance Management 384 $97.0 $80.0 $95.0 $110.2 255 $16.0 $6.6 $13.0 $21.8 169 16.2% 15.0% 384 $107.6 $85.0 $103.3 $126.3 14.2 12.0
Employee Benefits/Workers Compensation
Claims Manager39 $83.6 $67.5 $80.0 $103.0 18 $10.5 $3.4 $10.3 $16.0 5 31.8% 15.0% 39 $88.5 $67.5 $81.5 $110.0 16.0 14.0
Claims Manager 116 $83.4 $70.2 $82.0 $96.9 70 $11.7 $5.1 $10.0 $15.0 34 16.9% 10.0% 116 $90.5 $73.4 $90.0 $104.4 15.3 15.0
Environmental, Health or Safety Manager 29 $91.6 $69.0 $94.8 $104.0 16 $8.9 $3.5 $6.6 $11.7 12 10.2% 10.0% 29 $96.5 $72.0 $96.0 $106.6 15.0 13.0
Risk Management Analyst (Enterprise-Wide) 81 $71.6 $58.4 $70.0 $82.5 47 $5.9 $2.0 $3.0 $9.0 19 15.6% 10.0% 81 $75.0 $60.0 $70.0 $85.0 9.7 7.0
Risk Management Analyst 175 $66.4 $55.0 $65.0 $76.0 102 $5.9 $2.4 $3.9 $6.5 45 14.5% 10.0% 175 $69.8 $56.2 $66.4 $81.0 10.0 8.0
Claims Analyst 23 $55.3 $45.0 $54.0 $66.0 9 $2.9 -- $2.5 -- 3 -- -- 23 $56.4 $47.0 $54.0 $69.0 7.9 5.0
Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt
© 2011 Risk and Insurance Management Society, Inc. (RIMS) IV- 1 All Jobs Summary - US Data
2011 Risk Management Compensation Survey
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© 2011 Risk and Insurance Management Society, Inc. (RIMS) IV- 2 All Jobs Summary - US Data
2011 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 Respondents 231 $183.8 $236.3
Publicly Traded 95 $202.0 $276.3
Private 92 $166.5 $211.6
Government 12 $139.4 $149.2
Not-for-Profit 23 $196.0 $218.0
Revenue
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 231 $183.8 $236.3
Less than $100
Million24 $148.7 $172.2
$100 - $250 Million$100 - $250
Million20 $150.8 $165.4
$250 - $500 Million$250 - $500
Million25 $166.6 $193.2
$500 Million - $1 Billion 35 $174.8 $226.6
$1 - $5 Billion$1 - $5
Billion75 $188.4 $245.7
$5 - $10 Billion$5 - $10
Billion23 $221.6 $309.6
Greater than
$10 Billion28 $221.1 $309.5
Average Compensation by Ownership Type
Average Compensation by Revenue
$1
83
.8
$2
02
.0
$1
66
.5
$1
39
.4 $
19
6.0
$2
36
.3 $2
76
.3
$2
11
.6
$1
49
.2
$2
18
.0
$0.0
$50.0
$100.0
$150.0
$200.0
$250.0
$300.0
All Respondents Publicly Traded Private Government Not-for-Profit
Average Base Salary ($000s) Average Total Comp ($000s)
$1
83
.8
$1
48
.7
$1
50
.8
$1
66
.6
$1
74
.8
$1
88
.4
$2
21
.6
$2
21
.1
$2
36
.3
$1
72
.2
$1
65
.4
$1
93
.2
$2
26
.6
$2
45
.7
$3
09
.6
$3
09
.5
$0.0
$50.0
$100.0
$150.0
$200.0
$250.0
$300.0
$350.0
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)
© 2011 Risk and Insurance Management Society, Inc. (RIMS) IV- 3 US Data
2011 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 231 $183.8 $236.3
HS/Associate 12 $153.4 $176.0
Bachelors 98 $177.4 $226.0
MA/MS 28 $177.8 $213.7
MBA 57 $189.3 $253.9
JD 24 $231.4 $314.4
Supervisory Responsibility
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 231 $183.8 $236.3
No 8 $117.1 $138.7
1 or Fewer 20 $171.4 $210.5
From 1 to 3 44 $176.9 $223.3
From 3 to 5 42 $175.0 $221.1
More than 5 65 $202.4 $268.1
Average Compensation by Degree
Average Compensation by Supervisory Responsibility
$1
83
.8
$1
53
.4
$1
77
.4
$1
77
.8
$1
89
.3 $2
31
.4
$2
36
.3
$1
76
.0 $
22
6.0
$2
13
.7 $2
53
.9
$3
14
.4
$0.0
$50.0
$100.0
$150.0
$200.0
$250.0
$300.0
$350.0
All Respondents HS/Associate Bachelors MA/MS MBA JD
Average Base Salary ($000s) Average Total Comp ($000s)
$1
83
.8
$1
17
.1
$1
71
.4
$1
76
.9
$1
75
.0
$2
02
.4
$2
36
.3
$1
38
.7
$2
10
.5
$2
23
.3
$2
21
.1 $
26
8.1
$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)
© 2011 Risk and Insurance Management Society, Inc. (RIMS) IV- 4 US Data
2011 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 231 $183.8 $236.3
Business/Info
Services/Consulting/Legal/Accounting9 $195.7 $286.9
Construction/Engineering/Architectural 12 $198.1 $258.1
Education 5 $166.2 $173.2
Energy 5 $176.4 $240.4
Entertainment & Media 7 $206.3 $262.3
Finance/Banking 6 $162.8 $205.2
Government 12 $139.4 $149.2
Healthcare 31 $177.5 $204.4
Hospitality 15 $169.7 $213.7
Insurance 14 $234.3 $316.2
Mfg - Durable (includes Aerospace,
Computer/Office Equipment, Electronics)10 $191.5 $259.7
Mfg - Nondurable (includes Food, Paper & Allied
Products)11 $178.1 $252.0
Not-for-Profit 23 $196.0 $218.0
Real Estate 19 $169.4 $207.0
Retail 13 $193.3 $262.9
Service 14 $164.2 $192.0
Transportation 16 $166.5 $213.1
Utilities 6 $186.8 $228.5
Other 9 $195.7 $230.2
Average Compensation by Industry
$183.8
$195.7
$198.1
$166.2
$176.4
$206.3
$162.8
$139.4
$177.5
$169.7
$234.3
$191.5
$178.1
$196.0
$169.4
$193.3
$164.2
$166.5
$186.8
$195.7
$236.3
$286.9
$258.1
$173.2
$240.4
$262.3
$205.2
$149.2
$204.4
$213.7
$316.2
$259.7
$252.0
$218.0
$207.0
$262.9
$192.0
$213.1
$228.5
$230.2
$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
Education
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
Other
Average Base Salary ($000s) Average Total Comp ($000s)
© 2011 Risk and Insurance Management Society, Inc. (RIMS) IV- 5 US Data
2011 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 231 $183.8 $236.3
North East Region North East 45 $191.4 $249.2
Mid Atlantic Region Mid Atlantic 29 $184.7 $249.9
South East Region South East 37 $158.9 $191.7
Mississippi Valley 47 $203.1 $267.6
Mountain Region Mountain 34 $161.7 $204.7
Western Region Western 39 $193.8 $243.4
Average Compensation by Region
$1
83
.8
$1
91
.4
$1
84
.7
$1
58
.9
$2
03
.1
$1
61
.7 $
19
3.8
$2
36
.3
$2
49
.2
$2
49
.9
$1
91
.7
$2
67
.6
$2
04
.7
$2
43
.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)
© 2011 Risk and Insurance Management Society, Inc. (RIMS) IV- 6 US Data
2011 Risk Management Compensation Survey
Director - Business Continuity/Financial/IT Risk Management
Ownership Type
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 16 $135.7 $166.2
Publicly Traded 5 $142.8 $183.5
Private 4 -- --
Government 1 -- --
Not-for-Profit 5 $137.4 $160.2
Revenue
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 16 $135.7 $166.2
Less than $100
Million2 -- --
$100 - $250 Million$100 - $250
Million1 -- --
$250 - $500 Million$250 - $500
Million1 -- --
$500 Million - $1 Billion 2 -- --
$1 - $5 Billion$1 - $5
Billion6 $136.6 $168.1
$5 - $10 Billion$5 - $10
Billion0 -- --
Greater than
$10 Billion2 -- --
Average Compensation by Ownership Type
Average Compensation by Revenue
$1
35
.7
$1
42
.8
$0
.0
$0
.0
$1
37
.4 $1
66
.2
$1
83
.5
$0
.0
$0
.0
$1
60
.2
$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
Average Base Salary ($000s) Average Total Comp ($000s)
$1
35
.7
$0
.0
$0
.0
$0
.0
$0
.0
$1
36
.6
$0
.0
$0
.0
$1
66
.2
$0
.0
$0
.0
$0
.0
$0
.0
$1
68
.1
$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)
© 2011 Risk and Insurance Management Society, Inc. (RIMS) IV- 7 US Data
2011 Risk Management Compensation Survey
Director - Business Continuity/Financial/IT Risk Management
Degree
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 16 $135.7 $166.2
HS/Associate 0 -- --
Bachelors 7 $129.1 $162.8
MA/MS 2 -- --
MBA 6 $153.3 $186.3
JD 0 -- --
Supervisory Responsibility
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 16 $135.7 $166.2
No 4 -- --
1 or Fewer 1 -- --
From 1 to 3 3 -- --
From 3 to 5 2 -- --
More than 5 5 $149.0 $184.7
Average Compensation by Degree
Average Compensation by Supervisory Responsibility
$1
35
.7
$0
.0
$1
29
.1
$0
.0
$1
53
.3
$0
.0
$1
66
.2
$0
.0
$1
62
.8
$0
.0
$1
86
.3
$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 HS/Associate Bachelors MA/MS MBA JD
Average Base Salary ($000s) Average Total Comp ($000s)
$1
35
.7
$0
.0
$0
.0
$0
.0
$0
.0
$1
49
.0
$1
66
.2
$0
.0
$0
.0
$0
.0
$0
.0
$1
84
.7
$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)
© 2011 Risk and Insurance Management Society, Inc. (RIMS) IV- 8 US Data
2011 Risk Management Compensation Survey
Director - Business Continuity/Financial/IT Risk Management
Industry
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 16 $135.7 $166.2
Not-for-Profit 5 $137.4 $160.2
Regions (defined in Section I - 15)
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 16 $135.7 $166.2
Mississippi Valley 5 $121.4 $131.8
Average Compensation by Region
Average Compensation by Industry
$135.7
$137.4
$166.2
$160.2
$0.0 $20.0 $40.0 $60.0 $80.0 $100.0 $120.0 $140.0 $160.0 $180.0
All Respondents
Not-for-Profit
Average Base Salary ($000s) Average Total Comp ($000s)
$1
35
.7
$1
21
.4
$1
66
.2
$1
31
.8
$0.0
$20.0
$40.0
$60.0
$80.0
$100.0
$120.0
$140.0
$160.0
$180.0
All Respondents Mississippi Valley
Average Base Salary ($000s) Average Total Comp ($000s)
© 2011 Risk and Insurance Management Society, Inc. (RIMS) IV- 9 US Data
2011 Risk Management Compensation Survey
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© 2011 Risk and Insurance Management Society, Inc. (RIMS) IV- 10
2011 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 Respondents 114 $130.2 $150.5
Publicly Traded 45 $146.5 $175.5
Private 33 $118.9 $140.5
Government 14 $113.7 $117.1
Not-for-Profit 19 $129.0 $142.2
Revenue
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 114 $130.2 $150.5
Less than $100
Million13 $111.4 $122.4
$100 - $250 Million$100 - $250
Million6 $118.1 $135.9
$250 - $500 Million$250 - $500
Million11 $129.5 $151.9
$500 Million - $1 Billion 15 $136.9 $152.7
$1 - $5 Billion$1 - $5
Billion36 $134.5 $154.5
$5 - $10 Billion$5 - $10
Billion11 $150.6 $186.9
Greater than
$10 Billion12 $140.3 $169.2
Average Compensation by Ownership Type
Average Compensation by Revenue
$1
30
.2
$1
46
.5
$1
18
.9
$1
13
.7
$1
29
.0
$1
50
.5
$1
75
.5
$1
40
.5
$1
17
.1
$1
42
.2
$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
Average Base Salary ($000s) Average Total Comp ($000s)
$1
30
.2
$1
11
.4
$1
18
.1
$1
29
.5
$1
36
.9
$1
34
.5
$1
50
.6
$1
40
.3
$1
50
.5
$1
22
.4
$1
35
.9
$1
51
.9
$1
52
.7
$1
54
.5
$1
86
.9
$1
69
.2
$0.0
$20.0
$40.0
$60.0
$80.0
$100.0
$120.0
$140.0
$160.0
$180.0
$200.0
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)
© 2011 Risk and Insurance Management Society, Inc. (RIMS) IV- 11 US Data
2011 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 114 $130.2 $150.5
HS/Associate 3 -- --
Bachelors 44 $129.5 $146.3
MA/MS 13 $116.0 $126.6
MBA 36 $136.6 $160.2
JD 13 $138.4 $167.7
Supervisory Responsibility
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 114 $130.2 $150.5
No 22 $120.9 $138.7
1 or Fewer 11 $121.9 $138.5
From 1 to 3 29 $118.5 $134.1
From 3 to 5 16 $141.7 $171.4
More than 5 16 $121.1 $136.5
Average Compensation by Degree
Average Compensation by Supervisory Responsibility
$1
30
.2
$0
.0
$1
29
.5
$1
16
.0 $1
36
.6
$1
38
.4
$1
50
.5
$0
.0
$1
46
.3
$1
26
.6
$1
60
.2
$1
67
.7
$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
30
.2
$1
20
.9
$1
21
.9
$1
18
.5 $1
41
.7
$1
21
.1 $
15
0.5
$1
38
.7
$1
38
.5
$1
34
.1
$1
71
.4
$1
36
.5
$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)
© 2011 Risk and Insurance Management Society, Inc. (RIMS) IV- 12 US Data
2011 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 114 $130.2 $150.5
Education 7 $95.9 $95.9
Finance/Banking 5 $151.3 $170.5
Government 14 $113.7 $117.1
Healthcare 11 $126.8 $141.9
Insurance 16 $129.5 $152.3
Mfg - Durable (includes Aerospace,
Computer/Office Equipment, Electronics)10 $147.8 $172.2
Not-for-Profit 19 $129.0 $142.2
Utilities 8 $139.3 $165.4
Regions (defined in Section I - 15)
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 114 $130.2 $150.5
North East Region North East 13 $144.4 $159.8
Mid Atlantic Region Mid Atlantic 20 $133.3 $157.1
South East Region South East 9 $117.3 $132.6
Mississippi Valley 27 $118.5 $136.0
Mountain Region Mountain 19 $131.2 $158.7
Western Region Western 26 $136.6 $156.1
Average Compensation by Region
Average Compensation by Industry
$130.2
$95.9
$151.3
$113.7
$126.8
$129.5
$147.8
$129.0
$139.3
$150.5
$95.9
$170.5
$117.1
$141.9
$152.3
$172.2
$142.2
$165.4
$0.0 $20.0 $40.0 $60.0 $80.0 $100.0 $120.0 $140.0 $160.0 $180.0 $200.0
All Respondents
Education
Finance/Banking
Government
Healthcare
Insurance
Mfg - Durable (includes Aerospace, Computer/OfficeEquipment, Electronics)
Not-for-Profit
Utilities
Average Base Salary ($000s) Average Total Comp ($000s)
$1
30
.2
$1
44
.4
$1
33
.3
$1
17
.3
$1
18
.5
$1
31
.2
$1
36
.6
$1
50
.5
$1
59
.8
$1
57
.1
$1
32
.6
$1
36
.0 $1
58
.7
$1
56
.1
$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)
© 2011 Risk and Insurance Management Society, Inc. (RIMS) IV- 13 US Data
2011 Risk Management Compensation Survey
This Page Intentionally Blank
© 2011 Risk and Insurance Management Society, Inc. (RIMS) IV- 14
2011 Risk Management Compensation Survey
Director - Insurance and Risk Management
Ownership Type
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 908 $126.8 $149.5
Publicly Traded 398 $144.9 $182.9
Private 270 $120.4 $138.0
Government 132 $98.5 $100.0
Not-for-Profit 86 $112.5 $115.4
Revenue
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 908 $126.8 $149.5
Less than $100
Million72 $100.2 $105.4
$100 - $250 Million$100 - $250
Million67 $104.5 $113.0
$250 - $500 Million$250 - $500
Million84 $113.0 $122.2
$500 Million - $1 Billion 125 $116.0 $128.4
$1 - $5 Billion$1 - $5
Billion270 $132.1 $157.6
$5 - $10 Billion$5 - $10
Billion104 $144.3 $178.9
Greater than
$10 Billion138 $157.2 $203.5
Average Compensation by Ownership Type
Average Compensation by Revenue
$1
26
.8
$1
44
.9
$1
20
.4
$9
8.5
$1
12
.5 $
14
9.5
$1
82
.9
$1
38
.0
$1
00
.0
$1
15
.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 Publicly Traded Private Government Not-for-Profit
Average Base Salary ($000s) Average Total Comp ($000s)
$1
26
.8
$1
00
.2
$1
04
.5
$1
13
.0
$1
16
.0
$1
32
.1
$1
44
.3
$1
57
.2
$1
49
.5
$1
05
.4
$1
13
.0
$1
22
.2
$1
28
.4 $1
57
.6
$1
78
.9
$2
03
.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)
© 2011 Risk and Insurance Management Society, Inc. (RIMS) IV- 15 US Data
2011 Risk Management Compensation Survey
Director - Insurance and Risk Management
Degree
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 908 $126.8 $149.5
HS/Associate 64 $115.1 $130.7
Bachelors 466 $124.5 $147.1
MA/MS 70 $119.4 $132.2
MBA 232 $136.3 $165.6
JD 37 $135.5 $155.7
Supervisory Responsibility
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 908 $126.8 $149.5
No 152 $110.2 $126.1
1 or Fewer 153 $120.9 $140.3
From 1 to 3 265 $130.8 $156.0
From 3 to 5 136 $124.5 $145.3
More than 5 111 $134.4 $158.5
Average Compensation by Degree
Average Compensation by Supervisory Responsibility
$1
26
.8
$1
15
.1
$1
24
.5
$1
19
.4
$1
36
.3
$1
35
.5
$1
49
.5
$1
30
.7
$1
47
.1
$1
32
.2
$1
65
.6
$1
55
.7
$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
26
.8
$1
10
.2
$1
20
.9
$1
30
.8
$1
24
.5
$1
34
.4
$1
49
.5
$1
26
.1
$1
40
.3
$1
56
.0
$1
45
.3
$1
58
.5
$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)
© 2011 Risk and Insurance Management Society, Inc. (RIMS) IV- 16 US Data
2011 Risk Management Compensation Survey
Director - Insurance and Risk Management
Industry
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 908 $126.8 $149.5
Agriculture 6 $103.8 $119.1
Business/Info
Services/Consulting/Legal/Accounting10 $141.3 $174.6
Chemical/Pharmaceutical/Biotechnology 42 $144.1 $187.0
Computer Software/Services 13 $158.8 $195.0
Construction/Engineering/Architectural 29 $137.5 $153.0
Education 67 $101.7 $104.6
Energy 36 $147.3 $189.4
Entertainment & Media 23 $135.9 $158.8
Finance/Banking 42 $140.1 $173.0
Government 132 $98.5 $100.0
Healthcare 44 $118.6 $128.8
Hospitality 38 $110.8 $126.7
Insurance 28 $119.3 $133.8
Mfg - Durable (includes Aerospace,
Computer/Office Equipment, Electronics)88 $139.6 $174.4
Mfg - Nondurable (includes Food, Paper & Allied
Products)40 $134.3 $167.2
Mining/Milling/Smelting 7 $152.1 $189.9
Not-for-Profit 86 $112.5 $115.4
Real Estate 40 $131.4 $155.4
Retail 64 $135.2 $164.4
Service 19 $135.4 $151.5
Telecommunications 19 $129.2 $160.2
Transportation 45 $110.7 $128.6
Utilities 29 $133.1 $162.3
Wholesale Distribution 21 $132.4 $166.7
Other 22 $104.4 $114.4
Average Compensation by Industry
$126.8
$103.8
$141.3
$144.1
$158.8
$137.5
$101.7
$147.3
$135.9
$140.1
$98.5
$118.6
$110.8
$119.3
$139.6
$134.3
$152.1
$112.5
$131.4
$135.2
$135.4
$129.2
$110.7
$133.1
$132.4
$104.4
$149.5
$119.1
$174.6
$187.0
$195.0
$153.0
$104.6
$189.4
$158.8
$173.0
$100.0
$128.8
$126.7
$133.8
$174.4
$167.2
$189.9
$115.4
$155.4
$164.4
$151.5
$160.2
$128.6
$162.3
$166.7
$114.4
$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)
© 2011 Risk and Insurance Management Society, Inc. (RIMS) IV- 17 US Data
2011 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 908 $126.8 $149.5
North East Region North East 148 $141.2 $169.7
Mid Atlantic Region Mid Atlantic 95 $129.3 $149.8
South East Region South East 115 $115.5 $135.3
Mississippi Valley 210 $126.9 $152.9
Mountain Region Mountain 159 $117.7 $136.1
Western Region Western 181 $128.8 $149.6
Average Compensation by Region
$1
26
.8
$1
41
.2
$1
29
.3
$1
15
.5
$1
26
.9
$1
17
.7
$1
28
.8 $
14
9.5
$1
69
.7
$1
49
.8
$1
35
.3 $1
52
.9
$1
36
.1
$1
49
.6
$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)
© 2011 Risk and Insurance Management Society, Inc. (RIMS) IV- 18 US Data
2011 Risk Management Compensation Survey
Manager - Insurance Management
Ownership Type
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 384 $97.0 $107.6
Publicly Traded 195 $102.4 $116.5
Private 103 $93.7 $104.4
Government 42 $82.1 $82.5
Not-for-Profit 25 $93.5 $99.1
Revenue
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 384 $97.0 $107.6
Less than $100
Million25 $80.9 $85.9
$100 - $250 Million$100 - $250
Million28 $89.9 $96.7
$250 - $500 Million$250 - $500
Million22 $94.3 $100.2
$500 Million - $1 Billion 31 $91.1 $98.6
$1 - $5 Billion$1 - $5
Billion130 $96.1 $105.7
$5 - $10 Billion$5 - $10
Billion39 $105.8 $118.2
Greater than
$10 Billion77 $111.6 $130.5
Average Compensation by Ownership Type
Average Compensation by Revenue
$9
7.0
$1
02
.4
$9
3.7
$8
2.1
$9
3.5
$1
07
.6
$1
16
.5
$1
04
.4
$8
2.5
$9
9.1
$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
Average Base Salary ($000s) Average Total Comp ($000s)
$9
7.0
$8
0.9
$8
9.9
$9
4.3
$9
1.1
$9
6.1
$1
05
.8
$1
11
.6
$1
07
.6
$8
5.9
$9
6.7
$1
00
.2
$9
8.6
$1
05
.7
$1
18
.2
$1
30
.5
$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)
© 2011 Risk and Insurance Management Society, Inc. (RIMS) IV- 19 US Data
2011 Risk Management Compensation Survey
Manager - Insurance Management
Degree
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 384 $97.0 $107.6
HS/Associate 31 $82.1 $89.1
Bachelors 220 $96.7 $106.4
MA/MS 29 $93.1 $100.9
MBA 80 $104.2 $119.1
JD 8 $106.6 $126.1
Supervisory Responsibility
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 384 $97.0 $107.6
No 193 $95.2 $106.0
1 or Fewer 63 $99.6 $112.2
From 1 to 3 74 $95.5 $104.7
From 3 to 5 57 $101.2 $113.1
More than 5 11 $102.9 $112.9
Average Compensation by Degree
Average Compensation by Supervisory Responsibility
$9
7.0
$8
2.1
$9
6.7
$9
3.1
$1
04
.2
$1
06
.6
$1
07
.6
$8
9.1
$1
06
.4
$1
00
.9 $1
19
.1
$1
26
.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)
$9
7.0
$9
5.2
$9
9.6
$9
5.5
$1
01
.2
$1
02
.9
$1
07
.6
$1
06
.0
$1
12
.2
$1
04
.7
$1
13
.1
$1
12
.9
$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)
© 2011 Risk and Insurance Management Society, Inc. (RIMS) IV- 20 US Data
2011 Risk Management Compensation Survey
Manager - Insurance Management
Industry
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 384 $97.0 $107.6
Business/Info
Services/Consulting/Legal/Accounting5 $98.8 $103.4
Chemical/Pharmaceutical/Biotechnology 15 $117.3 $135.6
Construction/Engineering/Architectural 12 $107.5 $116.9
Education 12 $71.1 $72.4
Energy 17 $105.7 $126.7
Entertainment & Media 11 $97.7 $108.8
Finance/Banking 19 $88.2 $99.6
Government 42 $82.1 $82.5
Healthcare 15 $99.6 $108.5
Hospitality 9 $89.4 $95.1
Insurance 16 $88.8 $94.8
Mfg - Durable (includes Aerospace,
Computer/Office Equipment, Electronics)47 $107.0 $122.6
Mfg - Nondurable (includes Food, Paper & Allied
Products)22 $100.8 $114.7
Mining/Milling/Smelting 6 $117.7 $142.6
Not-for-Profit 25 $93.5 $99.1
Real Estate 16 $82.9 $94.8
Retail 26 $95.5 $107.0
Service 5 $92.3 $107.6
Telecommunications 14 $100.4 $112.7
Transportation 14 $81.7 $88.6
Utilities 26 $103.5 $112.2
Wholesale Distribution 8 $99.5 $108.2
Other 19 $96.0 $101.0
Average Compensation by Industry
$97.0
$98.8
$117.3
$107.5
$71.1
$105.7
$97.7
$88.2
$82.1
$99.6
$89.4
$88.8
$107.0
$100.8
$117.7
$93.5
$82.9
$95.5
$92.3
$100.4
$81.7
$103.5
$99.5
$96.0
$107.6
$103.4
$135.6
$116.9
$72.4
$126.7
$108.8
$99.6
$82.5
$108.5
$95.1
$94.8
$122.6
$114.7
$142.6
$99.1
$94.8
$107.0
$107.6
$112.7
$88.6
$112.2
$108.2
$101.0
$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
Entertainment & Media
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
Service
Telecommunications
Transportation
Utilities
Wholesale Distribution
Other
Average Base Salary ($000s) Average Total Comp ($000s)
© 2011 Risk and Insurance Management Society, Inc. (RIMS) IV- 21 US Data
2011 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 384 $97.0 $107.6
North East Region North East 66 $105.6 $120.5
Mid Atlantic Region Mid Atlantic 47 $95.1 $107.3
South East Region South East 52 $89.1 $97.9
Mississippi Valley 84 $95.7 $106.2
Mountain Region Mountain 66 $96.8 $107.5
Western Region Western 69 $97.6 $104.7
Average Compensation by Region
$9
7.0
$1
05
.6
$9
5.1
$8
9.1
$9
5.7
$9
6.8
$9
7.6
$1
07
.6 $1
20
.5
$1
07
.3
$9
7.9
$1
06
.2
$1
07
.5
$1
04
.7
$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)
© 2011 Risk and Insurance Management Society, Inc. (RIMS) IV- 22 US Data
2011 Risk Management Compensation Survey
Employee Benefits/Workers Compensation Claims Manager
Ownership Type
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 39 $83.6 $88.5
Publicly Traded 15 $86.7 $94.3
Private 10 $83.1 $88.7
Government 6 $72.9 $72.9
Not-for-Profit 7 $88.4 $90.5
Revenue
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 39 $83.6 $88.5
Less than $100
Million6 $92.1 $97.5
$100 - $250 Million$100 - $250
Million2 -- --
$250 - $500 Million$250 - $500
Million2 -- --
$500 Million - $1 Billion 4 -- --
$1 - $5 Billion$1 - $5
Billion9 $95.3 $103.8
$5 - $10 Billion$5 - $10
Billion0 -- --
Greater than
$10 Billion4 -- --
Average Compensation by Ownership Type
Average Compensation by Revenue
$8
3.6
$8
6.7
$8
3.1
$7
2.9
$8
8.4
$8
8.5
$9
4.3
$8
8.7
$7
2.9
$9
0.5
$0.0
$10.0
$20.0
$30.0
$40.0
$50.0
$60.0
$70.0
$80.0
$90.0
$100.0
All Respondents Publicly Traded Private Government Not-for-Profit
Average Base Salary ($000s) Average Total Comp ($000s)
$8
3.6
$9
2.1
$0
.0
$0
.0
$0
.0
$9
5.3
$0
.0
$0
.0
$8
8.5
$9
7.5
$0
.0
$0
.0
$0
.0
$1
03
.8
$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)
© 2011 Risk and Insurance Management Society, Inc. (RIMS) IV- 23 US Data
2011 Risk Management Compensation Survey
Employee Benefits/Workers Compensation Claims Manager
Degree
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 39 $83.6 $88.5
HS/Associate 9 $76.3 $78.5
Bachelors 21 $87.9 $94.2
MA/MS 4 -- --
MBA 0 -- --
JD 1 -- --
Supervisory Responsibility
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 39 $83.6 $88.5
No 12 $83.7 $87.9
1 or Fewer 7 $88.5 $95.1
From 1 to 3 8 $78.8 $81.4
From 3 to 5 7 $74.9 $77.3
More than 5 4 -- --
Average Compensation by Degree
Average Compensation by Supervisory Responsibility
$8
3.6
$7
6.3
$8
7.9
$0
.0
$0
.0
$0
.0
$8
8.5
$7
8.5
$9
4.2
$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
3.6
$8
3.7
$8
8.5
$7
8.8
$7
4.9
$0
.0
$8
8.5
$8
7.9
$9
5.1
$8
1.4
$7
7.3
$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)
© 2011 Risk and Insurance Management Society, Inc. (RIMS) IV- 24 US Data
2011 Risk Management Compensation Survey
Employee Benefits/Workers Compensation Claims Manager
Industry
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 39 $83.6 $88.5
Government 6 $72.9 $72.9
Healthcare 5 $95.0 $98.0
Mfg - Durable (includes Aerospace,
Computer/Office Equipment, Electronics)7 $91.3 $101.4
Not-for-Profit 7 $88.4 $90.5
Retail 5 $75.4 $79.9
Regions (defined in Section I - 15)
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 39 $83.6 $88.5
North East Region North East 3 -- --
Mid Atlantic Region Mid Atlantic 5 $83.6 $87.1
South East Region South East 10 $78.7 $82.3
Mississippi Valley 7 $81.9 $86.8
Mountain Region Mountain 5 $80.9 $82.6
Western Region Western 9 $91.2 $98.2
Average Compensation by Region
Average Compensation by Industry
$83.6
$72.9
$95.0
$91.3
$88.4
$75.4
$88.5
$72.9
$98.0
$101.4
$90.5
$79.9
$0.0 $20.0 $40.0 $60.0 $80.0 $100.0 $120.0
All Respondents
Government
Healthcare
Mfg - Durable (includes Aerospace, Computer/OfficeEquipment, Electronics)
Not-for-Profit
Retail
Average Base Salary ($000s) Average Total Comp ($000s)
$8
3.6
$0
.0
$8
3.6
$7
8.7
$8
1.9
$8
0.9
$9
1.2
$8
8.5
$0
.0
$8
7.1
$8
2.3
$8
6.8
$8
2.6
$9
8.2
$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)
© 2011 Risk and Insurance Management Society, Inc. (RIMS) IV- 25 US Data
2011 Risk Management Compensation Survey
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© 2011 Risk and Insurance Management Society, Inc. (RIMS) IV- 26
2011 Risk Management Compensation Survey
Claims Manager
Ownership Type
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 116 $83.4 $90.5
Publicly Traded 49 $90.5 $101.2
Private 37 $76.0 $83.0
Government 14 $78.8 $78.8
Not-for-Profit 10 $85.5 $86.5
Revenue
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 116 $83.4 $90.5
Less than $100
Million10 $74.7 $85.9
$100 - $250 Million$100 - $250
Million6 $73.9 $79.4
$250 - $500 Million$250 - $500
Million3 -- --
$500 Million - $1 Billion 12 $90.1 $96.4
$1 - $5 Billion$1 - $5
Billion19 $82.8 $90.8
$5 - $10 Billion$5 - $10
Billion10 $94.1 $108.1
Greater than
$10 Billion19 $100.7 $112.7
Average Compensation by Ownership Type
Average Compensation by Revenue
$8
3.4
$9
0.5
$7
6.0
$7
8.8
$8
5.5
$9
0.5
$1
01
.2
$8
3.0
$7
8.8
$8
6.5
$0.0
$20.0
$40.0
$60.0
$80.0
$100.0
$120.0
All Respondents Publicly Traded Private Government Not-for-Profit
Average Base Salary ($000s) Average Total Comp ($000s)
$8
3.4
$7
4.7
$7
3.9
$0
.0
$9
0.1
$8
2.8
$9
4.1
$1
00
.7
$9
0.5
$8
5.9
$7
9.4
$0
.0
$9
6.4
$9
0.8
$1
08
.1
$1
12
.7
$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)
© 2011 Risk and Insurance Management Society, Inc. (RIMS) IV- 27 US Data
2011 Risk Management Compensation Survey
Claims Manager
Degree
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 116 $83.4 $90.5
HS/Associate 17 $69.0 $72.1
Bachelors 72 $83.7 $90.8
MA/MS 2 -- --
MBA 12 $83.6 $95.2
JD 6 $104.9 $114.3
Supervisory Responsibility
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 116 $83.4 $90.5
No 59 $80.7 $87.0
1 or Fewer 19 $78.1 $83.9
From 1 to 3 11 $89.8 $102.4
From 3 to 5 19 $85.4 $94.6
More than 5 13 $91.7 $99.4
Average Compensation by Degree
Average Compensation by Supervisory Responsibility
$8
3.4
$6
9.0
$8
3.7
$0
.0
$8
3.6
$1
04
.9
$9
0.5
$7
2.1
$9
0.8
$0
.0
$9
5.2
$1
14
.3
$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
3.4
$8
0.7
$7
8.1
$8
9.8
$8
5.4
$9
1.7
$9
0.5
$8
7.0
$8
3.9
$1
02
.4
$9
4.6
$9
9.4
$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)
© 2011 Risk and Insurance Management Society, Inc. (RIMS) IV- 28 US Data
2011 Risk Management Compensation Survey
Claims Manager
Industry
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 116 $83.4 $90.5
Energy 7 $91.9 $100.7
Government 14 $78.8 $78.8
Healthcare 9 $92.2 $95.9
Mfg - Durable (includes Aerospace,
Computer/Office Equipment, Electronics)8 $95.3 $107.5
Not-for-Profit 10 $85.5 $86.5
Real Estate 9 $68.4 $75.4
Retail 10 $85.1 $96.0
Service 6 $81.5 $85.2
Transportation 11 $91.2 $105.4
Utilities 5 $82.4 $88.9
Other 6 $78.9 $83.9
Average Compensation by Industry
$83.4
$91.9
$78.8
$92.2
$95.3
$85.5
$68.4
$85.1
$81.5
$91.2
$82.4
$78.9
$90.5
$100.7
$78.8
$95.9
$107.5
$86.5
$75.4
$96.0
$85.2
$105.4
$88.9
$83.9
$0.0 $20.0 $40.0 $60.0 $80.0 $100.0 $120.0
All Respondents
Energy
Government
Healthcare
Mfg - Durable (includes Aerospace, Computer/OfficeEquipment, Electronics)
Not-for-Profit
Real Estate
Retail
Service
Transportation
Utilities
Other
Average Base Salary ($000s) Average Total Comp ($000s)
© 2011 Risk and Insurance Management Society, Inc. (RIMS) IV- 29 US Data
2011 Risk Management Compensation Survey
Claims Manager
Regions (defined in Section I - 15)
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 116 $83.4 $90.5
North East Region North East 7 $89.1 $97.7
Mid Atlantic Region Mid Atlantic 17 $85.8 $92.1
South East Region South East 14 $76.4 $83.7
Mississippi Valley 28 $85.0 $92.1
Mountain Region Mountain 33 $80.1 $88.0
Western Region Western 17 $88.5 $93.8
Average Compensation by Region
$8
3.4
$8
9.1
$8
5.8
$7
6.4
$8
5.0
$8
0.1
$8
8.5
$9
0.5
$9
7.7
$9
2.1
$8
3.7
$9
2.1
$8
8.0
$9
3.8
$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)
© 2011 Risk and Insurance Management Society, Inc. (RIMS) IV- 30 US Data
2011 Risk Management Compensation Survey
Environmental, Health or Safety Manager
Ownership Type
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 29 $91.6 $96.5
Publicly Traded 9 $110.5 $120.8
Private 11 $85.5 $88.1
Government 6 $71.2 $71.2
Not-for-Profit 2 -- --
Revenue
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 29 $91.6 $96.5
Less than $100
Million5 $72.1 $72.1
$100 - $250 Million$100 - $250
Million1 -- --
$250 - $500 Million$250 - $500
Million1 -- --
$500 Million - $1 Billion 7 $90.3 $92.9
$1 - $5 Billion$1 - $5
Billion5 $98.6 $107.5
$5 - $10 Billion$5 - $10
Billion4 -- --
Greater than
$10 Billion3 -- --
Average Compensation by Ownership Type
Average Compensation by Revenue
$9
1.6
$1
10
.5
$8
5.5
$7
1.2
$0
.0
$9
6.5
$1
20
.8
$8
8.1
$7
1.2
$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
Average Base Salary ($000s) Average Total Comp ($000s)
$9
1.6
$7
2.1
$0
.0
$0
.0
$9
0.3
$9
8.6
$0
.0
$0
.0
$9
6.5
$7
2.1
$0
.0
$0
.0
$9
2.9
$1
07
.5
$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)
© 2011 Risk and Insurance Management Society, Inc. (RIMS) IV- 31 US Data
2011 Risk Management Compensation Survey
Environmental, Health or Safety Manager
Degree
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 29 $91.6 $96.5
HS/Associate 3 -- --
Bachelors 15 $96.8 $102.7
MA/MS 6 $75.3 $76.0
MBA 5 $100.4 $107.6
JD 0 -- --
Supervisory Responsibility
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 29 $91.6 $96.5
No 8 $70.7 $72.2
1 or Fewer 7 $79.1 $85.6
From 1 to 3 4 -- --
From 3 to 5 6 $93.3 $97.5
More than 5 6 $115.1 $122.2
Average Compensation by Degree
Average Compensation by Supervisory Responsibility
$9
1.6
$0
.0
$9
6.8
$7
5.3
$1
00
.4
$0
.0
$9
6.5
$0
.0
$1
02
.7
$7
6.0
$1
07
.6
$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
$7
0.7
$7
9.1
$0
.0
$9
3.3
$1
15
.1
$9
6.5
$7
2.2
$8
5.6
$0
.0
$9
7.5
$1
22
.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)
© 2011 Risk and Insurance Management Society, Inc. (RIMS) IV- 32 US Data
2011 Risk Management Compensation Survey
Environmental, Health or Safety Manager
Industry
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 29 $91.6 $96.5
Government 6 $71.2 $71.2
Regions (defined in Section I - 15)
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 29 $91.6 $96.5
North East Region North East 1 -- --
Mid Atlantic Region Mid Atlantic 3 -- --
South East Region South East 7 $85.9 $89.0
Mississippi Valley 5 $81.8 $86.1
Mountain Region Mountain 6 $84.3 $90.0
Western Region Western 7 $110.1 $117.8
Average Compensation by Region
Average Compensation by Industry
$91.6
$71.2
$96.5
$71.2
$0.0 $20.0 $40.0 $60.0 $80.0 $100.0 $120.0
All Respondents
Government
Average Base Salary ($000s) Average Total Comp ($000s)
$9
1.6
$0
.0
$0
.0
$8
5.9
$8
1.8
$8
4.3
$1
10
.1
$9
6.5
$0
.0
$0
.0
$8
9.0
$8
6.1
$9
0.0
$1
17
.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)
© 2011 Risk and Insurance Management Society, Inc. (RIMS) IV- 33 US Data
2011 Risk Management Compensation Survey
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© 2011 Risk and Insurance Management Society, Inc. (RIMS) IV- 34
2011 Risk Management Compensation Survey
Risk Management Analyst (Enterprise-Wide)
Ownership Type
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 81 $71.6 $75.0
Publicly Traded 36 $66.8 $71.5
Private 21 $74.6 $78.3
Government 10 $80.5 $80.8
Not-for-Profit 12 $71.7 $72.2
Revenue
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 81 $71.6 $75.0
Less than $100
Million4 -- --
$100 - $250 Million$100 - $250
Million5 $74.5 $76.1
$250 - $500 Million$250 - $500
Million5 $67.2 $68.5
$500 Million - $1 Billion 5 $63.8 $67.2
$1 - $5 Billion$1 - $5
Billion19 $73.0 $76.2
$5 - $10 Billion$5 - $10
Billion11 $72.0 $76.2
Greater than
$10 Billion13 $78.4 $85.4
Average Compensation by Ownership Type
Average Compensation by Revenue
$7
1.6
$6
6.8
$7
4.6
$8
0.5
$7
1.7
$7
5.0
$7
1.5
$7
8.3
$8
0.8
$7
2.2
$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
Average Base Salary ($000s) Average Total Comp ($000s)
$7
1.6
$0
.0
$7
4.5
$6
7.2
$6
3.8
$7
3.0
$7
2.0
$7
8.4
$7
5.0
$0
.0
$7
6.1
$6
8.5
$6
7.2
$7
6.2
$7
6.2
$8
5.4
$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)
© 2011 Risk and Insurance Management Society, Inc. (RIMS) IV- 35 US Data
2011 Risk Management Compensation Survey
Risk Management Analyst (Enterprise-Wide)
Degree
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 81 $71.6 $75.0
HS/Associate 9 $65.3 $66.9
Bachelors 50 $69.7 $73.0
MA/MS 5 $84.4 $87.9
MBA 13 $79.7 $84.6
JD 2 -- --
Supervisory Responsibility
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 81 $71.6 $75.0
No 66 $69.9 $73.8
1 or Fewer 7 $75.3 $77.1
From 1 to 3 6 $82.6 $82.7
From 3 to 5 13 $77.7 $82.0
More than 5 0 -- --
Average Compensation by Degree
Average Compensation by Supervisory Responsibility
$7
1.6
$6
5.3
$6
9.7
$8
4.4
$7
9.7
$0
.0
$7
5.0
$6
6.9
$7
3.0
$8
7.9
$8
4.6
$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)
$7
1.6
$6
9.9
$7
5.3
$8
2.6
$7
7.7
$0
.0
$7
5.0
$7
3.8
$7
7.1
$8
2.7
$8
2.0
$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)
© 2011 Risk and Insurance Management Society, Inc. (RIMS) IV- 36 US Data
2011 Risk Management Compensation Survey
Risk Management Analyst (Enterprise-Wide)
Industry
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 81 $71.6 $75.0
Education 8 $71.9 $73.6
Energy 9 $77.1 $84.5
Government 10 $80.5 $80.8
Insurance 6 $80.4 $85.5
Mfg - Durable (includes Aerospace,
Computer/Office Equipment, Electronics)6 $69.2 $73.5
Not-for-Profit 12 $71.7 $72.2
Regions (defined in Section I - 15)
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 81 $71.6 $75.0
North East Region North East 3 -- --
Mid Atlantic Region Mid Atlantic 16 $74.2 $77.5
South East Region South East 4 -- --
Mississippi Valley 21 $67.5 $70.9
Mountain Region Mountain 17 $67.0 $71.5
Western Region Western 20 $75.9 $78.2
Average Compensation by Region
Average Compensation by Industry
$71.6
$71.9
$77.1
$80.5
$80.4
$69.2
$71.7
$75.0
$73.6
$84.5
$80.8
$85.5
$73.5
$72.2
$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
Insurance
Mfg - Durable (includes Aerospace, Computer/OfficeEquipment, Electronics)
Not-for-Profit
Average Base Salary ($000s) Average Total Comp ($000s)
$7
1.6
$0
.0
$7
4.2
$0
.0
$6
7.5
$6
7.0
$7
5.9
$7
5.0
$0
.0
$7
7.5
$0
.0
$7
0.9
$7
1.5
$7
8.2
$0.0
$10.0
$20.0
$30.0
$40.0
$50.0
$60.0
$70.0
$80.0
$90.0
All Respondents North East Mid Atlantic South East Mississippi Valley Mountain Western
Average Base Salary ($000s) Average Total Comp ($000s)
© 2011 Risk and Insurance Management Society, Inc. (RIMS) IV- 37 US Data
2011 Risk Management Compensation Survey
This Page Intentionally Blank
© 2011 Risk and Insurance Management Society, Inc. (RIMS) IV- 38
2011 Risk Management Compensation Survey
Risk Management Analyst
Ownership Type
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 175 $66.4 $69.8
Publicly Traded 93 $67.5 $71.1
Private 49 $66.4 $71.4
Government 10 $66.2 $66.2
Not-for-Profit 17 $59.1 $60.0
Revenue
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 175 $66.4 $69.8
Less than $100
Million13 $64.6 $67.0
$100 - $250 Million$100 - $250
Million3 -- --
$250 - $500 Million$250 - $500
Million6 $71.0 $74.9
$500 Million - $1 Billion 17 $63.6 $67.5
$1 - $5 Billion$1 - $5
Billion54 $66.8 $69.5
$5 - $10 Billion$5 - $10
Billion25 $70.4 $76.3
Greater than
$10 Billion29 $72.9 $78.2
Average Compensation by Ownership Type
Average Compensation by Revenue
$6
6.4
$6
7.5
$6
6.4
$6
6.2
$5
9.1
$6
9.8
$7
1.1
$7
1.4
$6
6.2
$6
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
Average Base Salary ($000s) Average Total Comp ($000s)
$6
6.4
$6
4.6
$0
.0
$7
1.0
$6
3.6
$6
6.8
$7
0.4
$7
2.9
$6
9.8
$6
7.0
$0
.0
$7
4.9
$6
7.5
$6
9.5
$7
6.3
$7
8.2
$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)
© 2011 Risk and Insurance Management Society, Inc. (RIMS) IV- 39 US Data
2011 Risk Management Compensation Survey
Risk Management Analyst
Degree
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 175 $66.4 $69.8
HS/Associate 22 $64.3 $66.4
Bachelors 107 $65.2 $69.0
MA/MS 12 $69.6 $71.8
MBA 24 $72.1 $76.1
JD 1 -- --
Supervisory Responsibility
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 175 $66.4 $69.8
No 158 $65.9 $69.5
1 or Fewer 8 $66.5 $67.2
From 1 to 3 8 $75.9 $79.0
From 3 to 5 34 $66.3 $69.7
More than 5 0 -- --
Average Compensation by Degree
Average Compensation by Supervisory Responsibility
$6
6.4
$6
4.3
$6
5.2
$6
9.6
$7
2.1
$0
.0
$6
9.8
$6
6.4
$6
9.0
$7
1.8
$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 HS/Associate Bachelors MA/MS MBA JD
Average Base Salary ($000s) Average Total Comp ($000s)
$6
6.4
$6
5.9
$6
6.5
$7
5.9
$6
6.3
$0
.0
$6
9.8
$6
9.5
$6
7.2
$7
9.0
$6
9.7
$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)
© 2011 Risk and Insurance Management Society, Inc. (RIMS) IV- 40 US Data
2011 Risk Management Compensation Survey
Risk Management Analyst
Industry
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 175 $66.4 $69.8
Chemical/Pharmaceutical/Biotechnology 11 $89.1 $97.4
Construction/Engineering/Architectural 8 $66.2 $69.2
Education 6 $60.2 $60.6
Energy 9 $66.7 $73.7
Finance/Banking 8 $63.7 $68.6
Government 10 $66.2 $66.2
Healthcare 7 $60.4 $62.3
Insurance 14 $61.4 $64.2
Mfg - Durable (includes Aerospace,
Computer/Office Equipment, Electronics)17 $64.4 $67.1
Mfg - Nondurable (includes Food, Paper & Allied
Products)8 $62.3 $62.6
Not-for-Profit 17 $59.1 $60.0
Real Estate 5 $65.4 $71.7
Retail 8 $71.2 $72.5
Transportation 8 $64.2 $67.2
Utilities 16 $67.0 $70.3
Other 6 $72.0 $72.8
Average Compensation by Industry
$66.4
$89.1
$66.2
$60.2
$66.7
$63.7
$66.2
$60.4
$61.4
$64.4
$62.3
$59.1
$65.4
$71.2
$64.2
$67.0
$72.0
$69.8
$97.4
$69.2
$60.6
$73.7
$68.6
$66.2
$62.3
$64.2
$67.1
$62.6
$60.0
$71.7
$72.5
$67.2
$70.3
$72.8
$0.0 $20.0 $40.0 $60.0 $80.0 $100.0 $120.0
All Respondents
Chemical/Pharmaceutical/Biotechnology
Construction/Engineering/Architectural
Education
Energy
Finance/Banking
Government
Healthcare
Insurance
Mfg - Durable (includes Aerospace, Computer/Office Equipment,Electronics)
Mfg - Nondurable (includes Food, Paper & Allied Products)
Not-for-Profit
Real Estate
Retail
Transportation
Utilities
Other
Average Base Salary ($000s) Average Total Comp ($000s)
© 2011 Risk and Insurance Management Society, Inc. (RIMS) IV- 41 US Data
2011 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 175 $66.4 $69.8
North East Region North East 22 $70.0 $73.5
Mid Atlantic Region Mid Atlantic 25 $64.0 $66.2
South East Region South East 20 $59.3 $61.2
Mississippi Valley 48 $63.6 $65.6
Mountain Region Mountain 28 $69.9 $76.9
Western Region Western 32 $71.6 $75.9
Average Compensation by Region
$6
6.4
$7
0.0
$6
4.0
$5
9.3
$6
3.6
$6
9.9
$7
1.6
$6
9.8
$7
3.5
$6
6.2
$6
1.2
$6
5.6
$7
6.9
$7
5.9
$0.0
$10.0
$20.0
$30.0
$40.0
$50.0
$60.0
$70.0
$80.0
$90.0
All Respondents North East Mid Atlantic South East Mississippi Valley Mountain Western
Average Base Salary ($000s) Average Total Comp ($000s)
© 2011 Risk and Insurance Management Society, Inc. (RIMS) IV- 42 US Data
2011 Risk Management Compensation Survey
Claims Analyst
Ownership Type
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 23 $55.3 $56.4
Publicly Traded 12 $56.6 $58.0
Private 3 -- --
Government 3 -- --
Not-for-Profit 5 $53.5 $53.5
Average Compensation by Ownership Type
Average Compensation by Revenue
No Breakdowns Available - Insufficient Sample Size
$5
5.3
$5
6.6
$0
.0
$0
.0
$5
3.5
$5
6.4
$5
8.0
$0
.0
$0
.0
$5
3.5
$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
Average Base Salary ($000s) Average Total Comp ($000s)
© 2011 Risk and Insurance Management Society, Inc. (RIMS) IV- 43 US Data
2011 Risk Management Compensation Survey
Claims Analyst
Degree
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 23 $55.3 $56.4
HS/Associate 9 $48.9 $49.5
Bachelors 11 $58.3 $59.7
MA/MS 1 -- --
MBA 0 -- --
JD 1 -- --
Supervisory Responsibility
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 23 $55.3 $56.4
No 21 $55.2 $56.3
1 or Fewer 1 -- --
From 1 to 3 0 -- --
From 3 to 5 4 -- --
More than 5 0 -- --
Average Compensation by Degree
Average Compensation by Supervisory Responsibility
$5
5.3
$4
8.9
$5
8.3
$0
.0
$0
.0
$0
.0
$5
6.4
$4
9.5
$5
9.7
$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)
$5
5.3
$5
5.2
$0
.0
$0
.0
$0
.0
$0
.0
$5
6.4
$5
6.3
$0
.0
$0
.0
$0
.0
$0
.0
$0.0
$10.0
$20.0
$30.0
$40.0
$50.0
$60.0
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)
© 2011 Risk and Insurance Management Society, Inc. (RIMS) IV- 44 US Data
2011 Risk Management Compensation Survey
Claims Analyst
Industry
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 23 $55.3 $56.4
Not-for-Profit 5 $53.5 $53.5
Regions (defined in Section I - 15)
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 23 $55.3 $56.4
North East Region North East 2 -- --
Mid Atlantic Region Mid Atlantic 5 $61.1 $62.6
South East Region South East 2 -- --
Mississippi Valley 5 $58.0 $59.5
Mountain Region Mountain 5 $48.8 $49.9
Western Region Western 4 -- --
Average Compensation by Region
Average Compensation by Industry
$55.3
$53.5
$56.4
$53.5
$52.0 $52.5 $53.0 $53.5 $54.0 $54.5 $55.0 $55.5 $56.0 $56.5 $57.0
All Respondents
Not-for-Profit
Average Base Salary ($000s) Average Total Comp ($000s)
$5
5.3
$0
.0
$6
1.1
$0
.0
$5
8.0
$4
8.8
$0
.0
$5
6.4
$0
.0
$6
2.6
$0
.0
$5
9.5
$4
9.9
$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)
© 2011 Risk and Insurance Management Society, Inc. (RIMS) IV- 45 US Data
2011 Risk Management Compensation Survey
This Page Intentionally Blank
© 2011 Risk and Insurance Management Society, Inc. (RIMS) IV- 46
2011 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 231 $183.8 $147.0 $175.0 $210.0 190 $63.9 $27.0 $50.0 $78.0 136 34.5% 30.0% 231 $236.3 $175.0 $210.0 $275.0 19.1 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 95 $202.0 $169.0 $190.0 $230.0 90 $78.4 $34.0 $63.5 $100.0 73 38.0% 30.0% 95 $276.3 $203.0 $245.0 $340.0 20.3 20.0
Private 92 $166.5 $132.5 $157.5 $190.5 78 $53.2 $25.0 $42.3 $60.0 49 33.4% 30.0% 92 $211.6 $153.0 $189.0 $249.0 18.5 18.5
Government 12 $139.4 $104.5 $122.0 $166.0 3 -- -- -- -- 3 -- -- 12 $149.2 $104.5 $128.5 $166.0 15.2 18.5
Not-for-Profit 23 $196.0 $160.0 $190.0 $225.0 14 $36.1 $16.0 $30.0 $60.0 9 16.8% 15.0% 23 $218.0 $183.9 $200.0 $242.0 19.5 21.0
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 24 $148.7 $104.5 $142.5 $182.5 14 $40.2 $10.0 $12.9 $50.0 5 17.8% 10.0% 24 $172.2 $109.0 $153.5 $196.0 13.9 13.5
$100 - $250 Million 20 $150.8 $112.0 $149.0 $180.5 12 $24.4 $8.8 $24.8 $37.0 8 20.6% 20.0% 20 $165.4 $121.0 $153.6 $215.0 17.4 16.0
$250 - $500 Million 25 $166.6 $113.0 $158.0 $180.0 20 $33.2 $12.5 $34.4 $50.0 13 26.2% 25.0% 25 $193.2 $140.0 $190.0 $225.0 14.6 13.0
$500 Million - $1 Billion 35 $174.8 $142.5 $169.0 $190.0 32 $56.7 $27.0 $42.3 $67.5 23 34.0% 30.0% 35 $226.6 $175.0 $205.0 $256.0 23.2 22.0
$1 - $5 Billion 75 $188.4 $155.0 $175.0 $220.0 67 $64.1 $30.0 $50.0 $75.0 45 34.5% 30.0% 75 $245.7 $184.0 $215.0 $283.0 20.0 20.0
$5 - $10 Billion 23 $221.6 $187.0 $205.0 $249.0 20 $101.2 $50.0 $94.0 $139.0 19 37.6% 30.0% 23 $309.6 $235.0 $270.0 $425.0 21.6 25.0
Greater than $10 Billion 28 $221.1 $181.5 $217.5 $247.5 24 $103.1 $66.0 $84.5 $115.0 23 45.4% 40.0% 28 $309.5 $232.5 $292.5 $340.0 18.9 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 12 $153.4 $119.0 $145.0 $185.5 8 $34.0 -- $39.4 -- 6 23.3% 25.0% 12 $176.0 $140.0 $168.8 $224.0 20.9 21.0
Bachelors 98 $177.4 $135.0 $173.0 $200.0 81 $58.8 $20.0 $45.0 $75.0 54 34.8% 30.0% 98 $226.0 $163.1 $204.0 $250.6 20.1 20.0
MA/MS 28 $177.8 $151.5 $172.5 $200.0 20 $50.2 $32.0 $44.0 $62.5 13 26.3% 20.0% 28 $213.7 $177.5 $195.0 $245.5 20.3 21.0
MBA 57 $189.3 $160.0 $187.0 $215.0 49 $75.1 $42.0 $60.0 $100.0 40 39.3% 35.0% 57 $253.9 $200.0 $240.0 $300.0 18.0 19.0
JD 24 $231.4 $167.2 $217.5 $265.0 22 $90.6 $33.8 $65.0 $153.0 16 37.6% 32.5% 24 $314.4 $201.6 $270.0 $449.5 15.7 13.5
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 8 $117.1 -- $120.0 -- 6 $28.9 -- $25.6 -- 3 -- -- 8 $138.7 -- $137.5 -- 22.8 27.5
1 or Fewer 20 $171.4 $137.4 $157.5 $197.5 17 $46.0 $19.5 $35.0 $51.0 12 26.1% 27.5% 20 $210.5 $153.6 $201.5 $237.5 18.2 16.0
From 1 to 3 44 $176.9 $154.5 $173.2 $190.0 37 $55.1 $30.0 $50.0 $75.0 26 34.6% 30.0% 44 $223.3 $176.3 $209.1 $272.5 18.9 19.0
From 3 to 5 42 $175.0 $135.0 $168.0 $187.0 34 $57.0 $15.0 $42.8 $75.0 21 35.7% 30.0% 42 $221.1 $153.0 $194.5 $256.0 19.9 20.0
More than 5 65 $202.4 $153.0 $185.0 $240.0 51 $83.8 $39.0 $66.0 $110.0 37 41.1% 35.0% 65 $268.1 $187.0 $240.0 $325.0 18.0 18.0
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
© 2011 Risk and Insurance Management Society, Inc. (RIMS) V - 1 US Data
2011 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)
Business/Info
Services/Consulting/Legal/Accounting9 $195.7 -- $172.0 -- 9 $91.2 -- $50.0 -- 6 34.2% 27.5% 9 $286.9 -- $235.0 -- 18.8 16.0
Construction/Engineering/Architectural 12 $198.1 $150.0 $185.0 $231.2 11 $65.4 $35.0 $50.0 $75.0 5 45.0% 30.0% 12 $258.1 $187.5 $224.9 $286.0 23.0 24.5
Education 5 $166.2 -- $177.0 -- 1 -- -- -- -- 1 -- -- 5 $173.2 -- $190.0 -- 15.2 16.0
Energy 5 $176.4 -- $170.0 -- 4 -- -- -- -- 3 -- -- 5 $240.4 -- $230.0 -- 12.4 11.0
Entertainment & Media 7 $206.3 -- $220.0 -- 6 $65.3 -- $62.5 -- 5 31.0% 30.0% 7 $262.3 -- $276.0 -- 25.9 30.0
Finance/Banking 6 $162.8 -- $170.0 -- 6 $42.4 -- $44.5 -- 4 -- -- 6 $205.2 -- $220.0 -- 12.7 12.5
Government 12 $139.4 $104.5 $122.0 $166.0 3 -- -- -- -- 3 -- -- 12 $149.2 $104.5 $128.5 $166.0 15.2 18.5
Healthcare 31 $177.5 $140.0 $170.0 $220.0 21 $39.7 $12.7 $25.0 $50.6 16 22.5% 20.0% 31 $204.4 $150.0 $185.0 $240.0 19.7 20.0
Hospitality 15 $169.7 $132.0 $169.0 $208.0 13 $50.8 $13.0 $42.0 $85.0 11 36.2% 30.0% 15 $213.7 $140.0 $210.0 $275.0 21.7 24.0
Insurance 14 $234.3 $177.0 $212.5 $235.0 12 $95.6 $25.0 $67.5 $147.5 8 34.4% 35.0% 14 $316.2 $192.0 $295.0 $395.0 17.3 17.5
Mfg - Durable (includes Aerospace,
Computer/Office Equipment, Electronics)10 $191.5 $147.9 $178.5 $240.0 9 $75.8 -- $60.0 -- 8 35.6% 32.5% 10 $259.7 $180.0 $227.5 $340.0 19.7 20.0
Mfg - Nondurable (includes Food, Paper & Allied
Products)11 $178.1 $150.0 $158.0 $200.0 11 $73.9 $30.0 $50.0 $114.0 8 38.8% 37.5% 11 $252.0 $195.0 $215.0 $270.0 22.0 20.0
Not-for-Profit 23 $196.0 $160.0 $190.0 $225.0 14 $36.1 $16.0 $30.0 $60.0 9 16.8% 15.0% 23 $218.0 $183.9 $200.0 $242.0 19.5 21.0
Real Estate 19 $169.4 $135.0 $165.0 $186.0 17 $42.1 $25.0 $35.0 $50.0 7 25.7% 30.0% 19 $207.0 $178.8 $197.0 $230.0 18.9 20.0
Retail 13 $193.3 $163.0 $190.0 $200.0 10 $90.5 $60.0 $75.5 $125.0 11 42.4% 36.0% 13 $262.9 $215.0 $256.0 $283.0 16.2 18.0
Service 14 $164.2 $110.0 $170.0 $200.0 13 $30.0 $7.5 $21.0 $50.0 8 28.8% 30.0% 14 $192.0 $125.0 $185.0 $256.0 19.1 19.0
Transportation 16 $166.5 $132.4 $178.7 $196.0 15 $49.8 $19.5 $33.8 $68.0 6 30.8% 27.5% 16 $213.1 $155.1 $209.1 $250.0 19.5 20.0
Utilities 6 $186.8 -- $182.0 -- 2 -- -- -- -- 2 -- -- 6 $228.5 -- $182.0 -- 13.8 14.5
Other 9 $195.7 -- $175.0 -- 5 $62.1 -- $39.0 -- 2 -- -- 9 $230.2 -- $205.0 -- 17.3 18.0
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 $191.4 $158.0 $175.6 $220.0 40 $65.0 $27.0 $50.0 $77.5 26 31.7% 30.0% 45 $249.2 $187.5 $215.0 $315.0 18.6 19.0
Mid Atlantic Region 29 $184.7 $141.4 $185.0 $240.0 24 $78.8 $23.0 $60.0 $107.0 17 47.1% 35.0% 29 $249.9 $175.0 $225.0 $298.0 19.9 19.0
South East Region 37 $158.9 $125.0 $158.0 $183.0 29 $41.8 $21.0 $37.5 $55.0 23 32.0% 30.0% 37 $191.7 $145.0 $183.0 $230.0 17.4 17.0
Mississippi Valley Region 47 $203.1 $150.0 $185.0 $240.0 38 $79.8 $33.0 $62.5 $94.0 28 34.4% 30.0% 47 $267.6 $185.0 $230.0 $320.0 19.4 20.0
Mountain Region 34 $161.7 $135.0 $163.5 $185.0 30 $48.8 $19.5 $37.0 $75.0 19 36.1% 35.0% 34 $204.7 $146.5 $200.0 $247.0 19.9 21.0
Western Region 39 $193.8 $166.0 $183.9 $215.0 29 $66.8 $32.0 $50.0 $75.3 23 29.6% 30.0% 39 $243.4 $188.0 $230.0 $276.0 19.7 20.0
Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt
© 2011 Risk and Insurance Management Society, Inc. (RIMS) V - 2 US Data
2011 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 27 $203.3 $170.0 $190.0 $225.0 20 $76.4 $38.8 $50.5 $85.0 17 30.0% 25.0% 27 $259.9 $197.0 $235.0 $285.0 20.1 20.0
CO 5 $141.3 -- $137.8 -- 4 -- -- -- -- 1 -- -- 5 $158.6 -- $157.3 -- 17.5 15.0
FL 13 $138.8 $109.0 $127.0 $150.0 9 $35.9 -- $35.0 -- 6 28.3% 27.5% 13 $163.6 $109.0 $145.0 $200.0 17.5 15.0
GA 9 $174.3 -- $163.0 -- 7 $52.3 -- $44.0 -- 6 34.2% 30.0% 9 $215.0 -- $180.0 -- 24.4 23.0
IL 12 $240.2 $179.5 $217.5 $277.5 9 $90.8 -- $78.0 -- 9 37.2% 30.0% 12 $308.3 $200.5 $276.0 $418.5 16.9 17.0
MA 8 $149.8 -- $152.5 -- 6 $38.8 -- $37.5 -- 6 24.7% 27.5% 8 $178.8 -- $188.8 -- 14.0 12.0
MD 7 $184.6 -- $200.0 -- 6 $66.4 -- $60.0 -- 4 -- -- 7 $241.5 -- $260.0 -- 19.1 14.0
MN 6 $194.0 -- $172.0 -- 5 $84.2 -- $70.0 -- 6 28.0% 26.5% 6 $264.2 -- $215.5 -- 15.0 16.0
MO 5 $150.5 -- $132.0 -- 4 -- -- -- -- 1 -- -- 5 $189.7 -- $210.0 -- 23.2 25.0
NJ 13 $191.8 $158.0 $174.4 $190.0 12 $53.2 $29.4 $46.5 $55.0 8 28.1% 27.5% 13 $241.0 $190.0 $210.0 $235.0 21.5 25.0
NY 19 $212.8 $160.0 $210.0 $245.0 18 $79.4 $35.0 $65.0 $120.0 11 37.7% 30.0% 19 $288.0 $200.0 $252.0 $340.0 18.6 19.0
OH 10 $203.5 $190.0 $198.0 $205.0 9 $89.8 -- $60.0 -- 6 23.3% 22.5% 10 $284.4 $215.0 $243.0 $268.0 19.6 19.0
PA 9 $169.3 -- $141.4 -- 8 $59.3 -- $47.5 -- 3 -- -- 9 $221.9 -- $200.0 -- 24.4 24.0
TN 10 $172.9 $140.0 $180.0 $185.0 8 $41.2 -- $35.8 -- 8 37.5% 40.0% 10 $205.9 $162.5 $183.0 $250.0 12.5 14.5
TX 21 $168.4 $142.5 $170.0 $185.0 20 $57.7 $20.0 $47.5 $91.5 13 41.9% 40.0% 21 $223.3 $155.0 $210.0 $271.0 22.4 23.0
VA 8 $195.8 -- $193.5 -- 6 $91.1 -- $62.8 -- 6 63.3% 62.5% 8 $264.1 -- $253.5 -- 17.0 14.5
WI 5 $216.6 -- $200.0 -- 4 -- -- -- -- 3 -- -- 5 $277.1 -- $245.0 -- 18.8 20.0
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 8 $181.1 -- $169.0 -- 6 $56.0 -- $47.0 -- 5 36.0% 30.0% 8 $223.1 -- $192.5 -- 23.4 22.0
Boston-Worcester-Lawrence, MA-NH-ME-CT 7 $148.3 -- $145.0 -- 5 $41.7 -- $50.0 -- 5 26.6% 30.0% 7 $178.1 -- $190.0 -- 12.4 12.0
Chicago-Gary-Kenosha, IL-IN-WI 10 $238.5 $182.0 $217.5 $275.0 8 $92.8 -- $79.0 -- 8 38.8% 32.5% 10 $312.7 $203.0 $276.0 $442.0 19.1 18.5
Dallas-Fort Worth, TX 12 $163.5 $133.8 $170.0 $187.5 11 $40.8 $12.0 $30.0 $62.0 7 33.6% 35.0% 12 $201.0 $150.8 $200.0 $243.0 24.4 24.0
Denver-Boulder-Greeley, CO 5 $141.3 -- $137.8 -- 4 -- -- -- -- 1 -- -- 5 $158.6 -- $157.3 -- 17.5 15.0
Los Angeles-Riverside-Orange County, CA 19 $207.2 $170.0 $190.0 $226.0 15 $82.7 $42.5 $51.0 $85.0 11 30.5% 25.0% 19 $272.5 $197.0 $235.0 $290.3 20.6 20.0
Memphis, TN-AR-MS 6 $186.7 -- $181.5 -- 5 $34.2 -- $34.0 -- 4 -- -- 6 $215.2 -- $196.0 -- 15.5 18.0
Minneapolis-St. Paul, MN-WI 6 $194.0 -- $172.0 -- 5 $84.2 -- $70.0 -- 6 28.0% 26.5% 6 $264.2 -- $215.5 -- 15.0 16.0
New York-Northern New Jersey-Long Island, NY-
NJ-CT-PA30 $208.9 $165.0 $188.5 $245.0 28 $69.0 $34.4 $50.0 $80.0 17 32.6% 30.0% 30 $273.3 $208.0 $226.0 $330.0 20.5 23.0
Philadelphia-Wilmington-Atlantic City, PA-NJ-DE-
MD7 $157.2 -- $141.4 -- 6 $46.5 -- $30.5 -- 2 -- -- 7 $197.1 -- $200.0 -- 24.0 24.0
San Francisco-Oakland-San Jose, CA 6 $199.8 -- $206.5 -- 4 -- -- -- -- 5 30.2% 30.0% 6 $244.8 -- $236.5 -- 21.7 19.0
Washington-Baltimore, DC-MD-VA-WV 13 $198.3 $182.0 $200.0 $250.0 10 $80.1 $10.0 $60.0 $100.0 8 45.0% 30.0% 13 $260.0 $190.0 $257.0 $310.0 17.5 14.0
Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt
© 2011 Risk and Insurance Management Society, Inc. (RIMS) V - 3 US Data
2011 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 69.3% Yes 56.7%
Female 27.7% No 43.3%
Did Not Indicate 3.0% Did Not Indicate 0.0%
High School/Associate Degree 5.2% Incentive Stock Options (ISOs) 35.9%
Bachelors 42.4% Non-Qualified Stock Options (NQSOs) 25.2%
MA/MS 12.1% Restricted Stock 47.3%
MBA 24.7% Stock Appreciation Rights (SARs) 7.6%
JD 10.4% Performance Shares 15.3%
MD 0.0% Performance Units 11.5%
Ph.D 0.0% Long-Term Cash 16.0%
Other 5.2% None of the Above Received 1.5%
* Only includes those eligible for LTI
Parent 82.3% Yes 96.5%
Division 3.0% No 3.5%
Subsidiary 5.6%
Single Location 6.1%
Other 3.0%
Degree Type of Long-term Incentives Received*
Type of Organization Where Employed Supervise Individuals
Gender Long-Term Incentive Eligible
© 2011 Risk and Insurance Management Society, Inc. (RIMS) V - 4 US Data
2011 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 16 $135.7 $109.0 $127.5 $147.0 14 $34.8 $15.0 $22.5 $60.0 6 23.3% 20.0% 16 $166.2 $121.5 $140.5 $188.5 12.1 8.5
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 $142.8 -- $118.0 -- 5 $40.8 -- $20.0 -- 3 -- -- 5 $183.5 -- $135.0 -- 14.6 10.0
Private 4 -- -- -- -- 4 -- -- -- -- 1 -- -- 4 -- -- -- -- -- --
Government 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
Not-for-Profit 5 $137.4 -- $138.8 -- 4 -- -- -- -- 1 -- -- 5 $160.2 -- $153.8 -- 8.8 7.0
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 -- -- -- -- 1 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --
$100 - $250 Million 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --
$250 - $500 Million 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --
$500 Million - $1 Billion 2 -- -- -- -- 2 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --
$1 - $5 Billion 6 $136.6 -- $136.9 -- 6 $31.5 -- $24.5 -- 3 -- -- 6 $168.1 -- $159.4 -- 12.0 12.5
$5 - $10 Billion 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Greater than $10 Billion 2 -- -- -- -- 2 -- -- -- -- 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 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Bachelors 7 $129.1 -- $135.0 -- 6 $39.3 -- $35.0 -- 2 -- -- 7 $162.8 -- $153.8 -- 9.4 6.0
MA/MS 2 -- -- -- -- 2 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --
MBA 6 $153.3 -- $131.0 -- 5 $39.6 -- $20.0 -- 3 -- -- 6 $186.3 -- $139.5 -- 10.7 8.5
JD 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
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 4 -- -- -- -- 4 -- -- -- -- 0 -- -- 4 -- -- -- -- -- --
1 or Fewer 1 -- -- -- -- 1 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
From 1 to 3 3 -- -- -- -- 3 -- -- -- -- 3 -- -- 3 -- -- -- -- -- --
From 3 to 5 2 -- -- -- -- 1 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --
More than 5 5 $149.0 -- $143.0 -- 3 -- -- -- -- 3 -- -- 5 $184.7 -- $144.0 -- 14.8 12.0
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
© 2011 Risk and Insurance Management Society, Inc. (RIMS) V - 5 US Data
2011 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)
Not-for-Profit 5 $137.4 -- $138.8 -- 4 -- -- -- -- 1 -- -- 5 $160.2 -- $153.8 -- 8.8 7.0
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)
Mississippi Valley Region 5 $121.4 -- $120.0 -- 3 -- -- -- -- 2 -- -- 5 $131.8 -- $120.0 -- 9.2 7.0
Respondent Characteristics
Male 43.8% Yes 37.5%
Female 50.0% No 62.5%
Did Not Indicate 6.3% Did Not Indicate 0.0%
High School/Associate Degree 0.0% Incentive Stock Options (ISOs) 33.3%
Bachelors 43.8% Non-Qualified Stock Options (NQSOs) 16.7%
MA/MS 12.5% Restricted Stock 16.7%
MBA 37.5% Stock Appreciation Rights (SARs) 16.7%
JD 0.0% Performance Shares 0.0%
MD 0.0% Performance Units 0.0%
Ph.D 6.3% Long-Term Cash 33.3%
Other 0.0% None of the Above Received 16.7%
* Only includes those eligible for LTI
Parent 56.3% Yes 75.0%
Division 12.5% No 25.0%
Subsidiary 12.5%
Single Location 18.8%
Other 0.0%
Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt
Degree Type of Long-term Incentives Received*
Type of Organization Where Employed Supervise Individuals
Gender Long-Term Incentive Eligible
© 2011 Risk and Insurance Management Society, Inc. (RIMS) V - 6 US Data
2011 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 114 $130.2 $98.0 $130.0 $152.0 89 $26.0 $10.8 $22.0 $30.0 62 20.9% 20.0% 114 $150.5 $107.4 $140.5 $190.0 14.2 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 45 $146.5 $120.0 $142.0 $170.0 41 $31.8 $19.3 $25.0 $40.0 30 23.8% 20.0% 45 $175.5 $138.0 $169.5 $210.0 12.3 11.0
Private 33 $118.9 $90.0 $115.0 $148.0 29 $24.6 $9.5 $18.0 $26.9 21 19.2% 16.0% 33 $140.5 $92.4 $132.8 $175.0 13.3 12.0
Government 14 $113.7 $89.5 $107.0 $140.0 5 $9.5 -- $5.0 -- 2 -- -- 14 $117.1 $90.0 $107.0 $146.0 19.8 26.0
Not-for-Profit 19 $129.0 $100.3 $130.0 $152.0 14 $17.9 $6.0 $17.4 $26.0 8 16.9% 15.0% 19 $142.2 $107.4 $135.0 $181.0 15.2 16.0
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 13 $111.4 $88.0 $110.0 $135.0 9 $15.9 -- $17.0 -- 8 16.4% 15.0% 13 $122.4 $88.0 $120.0 $144.9 13.1 10.0
$100 - $250 Million 6 $118.1 -- $106.0 -- 3 -- -- -- -- 2 -- -- 6 $135.9 -- $108.5 -- 22.2 23.5
$250 - $500 Million 11 $129.5 $89.5 $117.0 $150.0 9 $27.3 -- $12.0 -- 4 -- -- 11 $151.9 $89.8 $117.0 $180.0 13.9 19.0
$500 Million - $1 Billion 15 $136.9 $115.0 $140.0 $165.0 10 $23.7 $10.0 $21.0 $35.0 8 18.5% 17.5% 15 $152.7 $121.0 $140.0 $180.0 17.1 20.0
$1 - $5 Billion 36 $134.5 $98.7 $136.5 $156.8 29 $24.9 $15.0 $21.5 $28.0 18 22.4% 20.0% 36 $154.5 $104.9 $149.7 $195.0 13.9 14.0
$5 - $10 Billion 11 $150.6 $143.0 $150.0 $170.0 10 $39.9 $25.0 $31.9 $55.0 8 24.5% 22.5% 11 $186.9 $146.0 $192.5 $210.0 10.9 14.0
Greater than $10 Billion 12 $140.3 $112.0 $145.0 $167.5 12 $28.9 $21.0 $27.5 $35.0 10 20.2% 20.0% 12 $169.2 $139.5 $171.0 $207.5 13.9 16.5
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 3 -- -- -- -- 3 -- -- -- -- 1 -- -- 3 -- -- -- -- -- --
Bachelors 44 $129.5 $100.2 $130.0 $149.0 37 $20.0 $12.0 $19.5 $27.0 22 20.0% 20.0% 44 $146.3 $111.7 $140.0 $173.5 12.4 10.5
MA/MS 13 $116.0 $86.0 $115.0 $140.0 8 $17.3 -- $12.5 -- 5 19.4% 20.0% 13 $126.6 $90.0 $140.0 $146.0 13.2 15.0
MBA 36 $136.6 $94.7 $141.5 $172.5 26 $32.6 $17.5 $25.0 $42.0 22 21.5% 20.0% 36 $160.2 $95.9 $164.4 $200.0 16.4 16.5
JD 13 $138.4 $116.0 $119.0 $169.0 11 $34.6 $13.0 $25.0 $40.0 8 24.6% 22.5% 13 $167.7 $120.0 $144.9 $214.0 13.8 15.0
Ph.D 2 -- -- -- -- 2 -- -- -- -- 2 -- -- 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 22 $120.9 $95.0 $117.5 $140.0 19 $20.6 $8.0 $17.0 $26.9 15 19.9% 18.0% 22 $138.7 $103.0 $126.9 $162.1 10.8 5.0
1 or Fewer 11 $121.9 $91.8 $115.0 $145.0 8 $22.8 -- $19.3 -- 5 14.4% 15.0% 11 $138.5 $91.8 $133.5 $192.5 13.6 14.0
From 1 to 3 29 $118.5 $107.0 $120.0 $140.0 22 $20.5 $10.0 $20.2 $30.0 19 19.6% 20.0% 29 $134.1 $112.0 $138.0 $166.5 11.7 10.0
From 3 to 5 16 $141.7 $112.5 $144.5 $165.0 13 $36.6 $25.0 $30.0 $40.0 10 22.2% 22.5% 16 $171.4 $139.0 $176.0 $210.0 14.8 14.5
More than 5 16 $121.1 $87.0 $115.0 $143.0 11 $22.5 $7.5 $15.0 $25.0 4 -- -- 16 $136.5 $94.0 $120.8 $155.5 14.8 16.0
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
© 2011 Risk and Insurance Management Society, Inc. (RIMS) V - 7 US Data
2011 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)
Education 7 $95.9 -- $86.5 -- 0 -- -- -- -- 0 -- -- 7 $95.9 -- $86.5 -- 26.1 28.0
Finance/Banking 5 $151.3 -- $125.0 -- 5 $19.2 -- $20.0 -- 1 -- -- 5 $170.5 -- $140.0 -- 10.4 11.0
Government 14 $113.7 $89.5 $107.0 $140.0 5 $9.5 -- $5.0 -- 2 -- -- 14 $117.1 $90.0 $107.0 $146.0 19.8 26.0
Healthcare 11 $126.8 $86.0 $138.0 $152.0 9 $18.5 -- $22.0 -- 5 17.0% 20.0% 11 $141.9 $86.0 $150.0 $185.8 13.8 16.0
Insurance 16 $129.5 $96.7 $131.5 $147.5 13 $28.0 $12.0 $21.5 $25.0 10 20.4% 15.0% 16 $152.3 $105.1 $137.5 $173.4 7.3 4.0
Mfg - Durable (includes Aerospace,
Computer/Office Equipment, Electronics)10 $147.8 $138.0 $145.0 $160.0 9 $27.1 -- $23.0 -- 8 20.0% 20.0% 10 $172.2 $144.9 $171.0 $194.0 18.3 17.5
Not-for-Profit 19 $129.0 $100.3 $130.0 $152.0 14 $17.9 $6.0 $17.4 $26.0 8 16.9% 15.0% 19 $142.2 $107.4 $135.0 $181.0 15.2 16.0
Utilities 8 $139.3 -- $125.0 -- 8 $26.2 -- $20.3 -- 6 22.7% 15.0% 8 $165.4 -- $145.3 -- 8.9 4.8
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 13 $144.4 $115.0 $140.0 $180.0 10 $20.0 $10.0 $19.3 $25.0 7 16.9% 15.0% 13 $159.8 $125.0 $140.0 $196.0 11.6 10.0
Mid Atlantic Region 20 $133.3 $114.0 $134.0 $147.8 17 $28.0 $19.3 $25.0 $33.8 13 24.5% 25.0% 20 $157.1 $126.4 $152.2 $190.0 15.5 15.5
South East Region 9 $117.3 -- $116.0 -- 7 $19.7 -- $25.0 -- 5 14.8% 12.0% 9 $132.6 -- $141.0 -- 17.5 19.0
Mississippi Valley Region 27 $118.5 $88.0 $120.0 $150.0 24 $19.6 $8.9 $18.3 $24.0 16 18.5% 20.0% 27 $136.0 $92.4 $133.5 $180.0 11.0 10.0
Mountain Region 19 $131.2 $89.5 $115.0 $165.0 14 $37.3 $5.0 $23.0 $60.0 11 21.0% 20.0% 19 $158.7 $90.0 $121.0 $215.0 15.3 12.0
Western Region 26 $136.6 $115.0 $137.8 $157.0 17 $29.9 $17.0 $25.0 $40.0 10 25.5% 22.5% 26 $156.1 $119.0 $144.5 $200.0 15.8 16.0
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 14 $145.7 $117.5 $144.0 $170.0 9 $28.7 -- $24.0 -- 4 -- -- 14 $164.2 $135.6 $150.0 $210.0 16.5 13.0
FL 5 $124.6 -- $130.0 -- 4 -- -- -- -- 2 -- -- 5 $139.6 -- $160.0 -- 27.4 27.0
IL 8 $116.5 -- $119.0 -- 7 $19.2 -- $20.0 -- 6 14.3% 17.5% 8 $133.3 -- $139.0 -- 9.5 8.0
NC 5 $146.0 -- $130.0 -- 4 -- -- -- -- 3 -- -- 5 $167.4 -- $149.3 -- 18.1 18.0
NY 6 $143.4 -- $139.0 -- 4 -- -- -- -- 3 -- -- 6 $156.8 -- $150.5 -- 10.7 11.0
OH 7 $123.6 -- $120.0 -- 7 $22.9 -- $18.5 -- 3 -- -- 7 $146.4 -- $133.5 -- 8.3 9.0
TX 12 $130.0 $90.3 $125.0 $167.5 8 $35.4 -- $25.5 -- 6 16.7% 20.0% 12 $153.5 $92.3 $138.5 $214.5 13.9 10.0
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)
Houston-Galveston-Brazoria, TX 7 $135.6 -- $148.0 -- 5 $31.2 -- $27.0 -- 4 -- -- 7 $157.9 -- $175.0 -- 16.7 17.0
New York-Northern New Jersey-Long Island, NY-NJ-CT-PA6 $172.8 -- $177.5 -- 5 $22.3 -- $23.0 -- 5 15.6% 15.0% 6 $191.4 -- $194.3 -- 12.0 14.0
San Francisco-Oakland-San Jose, CA 9 $156.0 -- $150.0 -- 6 $32.8 -- $32.5 -- 3 -- -- 9 $177.8 -- $164.0 -- 16.7 15.0
Washington-Baltimore, DC-MD-VA-WV 5 $120.6 -- $128.0 -- 5 $16.6 -- $17.0 -- 3 -- -- 5 $137.2 -- $132.8 -- 12.6 15.0
Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt
© 2011 Risk and Insurance Management Society, Inc. (RIMS) V - 8 US Data
2011 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 67.5% Yes 43.9%
Female 30.7% No 56.1%
Did Not Indicate 1.8% Did Not Indicate 0.0%
High School/Associate Degree 2.6% Incentive Stock Options (ISOs) 20.0%
Bachelors 38.6% Non-Qualified Stock Options (NQSOs) 16.0%
MA/MS 11.4% Restricted Stock 46.0%
MBA 31.6% Stock Appreciation Rights (SARs) 6.0%
JD 11.4% Performance Shares 16.0%
MD 0.0% Performance Units 12.0%
Ph.D 1.8% Long-Term Cash 12.0%
Other 2.6% None of the Above Received 4.0%
* Only includes those eligible for LTI
Parent 76.3% Yes 80.7%
Division 5.3% No 19.3%
Subsidiary 1.8%
Single Location 8.8%
Other 7.9%
Degree Type of Long-term Incentives Received*
Type of Organization Where Employed Supervise Individuals
Gender Long-Term Incentive Eligible
© 2011 Risk and Insurance Management Society, Inc. (RIMS) V - 9 US Data
2011 Risk Management Compensation Survey
This Page Intentionally Blank
© 2011 Risk and Insurance Management Society, Inc. (RIMS) V - 10
2011 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 908 $126.8 $99.3 $124.0 $150.0 644 $32.0 $12.5 $25.0 $42.0 435 25.9% 20.0% 908 $149.5 $105.0 $139.5 $180.7 19.3 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 398 $144.9 $120.0 $141.0 $167.0 376 $40.3 $19.5 $32.0 $50.5 276 28.5% 25.0% 398 $182.9 $140.0 $175.7 $212.0 19.8 20.0
Private 270 $120.4 $100.0 $117.0 $138.5 215 $22.1 $10.0 $18.0 $30.0 133 22.7% 20.0% 270 $138.0 $110.0 $130.5 $160.0 17.7 18.0
Government 132 $98.5 $80.0 $95.0 $116.4 12 $17.0 $1.7 $7.5 $11.3 7 12.7% 10.0% 132 $100.0 $80.5 $96.0 $116.9 20.8 20.0
Not-for-Profit 86 $112.5 $91.8 $106.0 $130.0 28 $9.0 $3.1 $6.3 $12.4 11 18.2% 10.0% 86 $115.4 $93.0 $108.5 $135.0 19.0 20.0
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 72 $100.2 $79.7 $95.0 $119.5 27 $14.0 $3.0 $10.0 $22.0 13 14.2% 10.0% 72 $105.4 $82.0 $98.0 $121.0 17.2 18.3
$100 - $250 Million 67 $104.5 $83.0 $99.0 $120.0 37 $15.4 $5.0 $10.0 $22.0 23 20.1% 15.0% 67 $113.0 $86.1 $102.0 $130.0 16.2 15.0
$250 - $500 Million 84 $113.0 $92.1 $108.5 $128.0 46 $16.7 $8.4 $14.1 $25.0 29 23.6% 20.0% 84 $122.2 $98.3 $116.5 $138.7 18.0 20.0
$500 Million - $1 Billion 125 $116.0 $95.0 $113.0 $134.0 73 $21.4 $10.0 $15.0 $28.9 52 22.6% 20.0% 125 $128.4 $100.0 $122.0 $148.5 20.1 20.0
$1 - $5 Billion 270 $132.1 $110.0 $128.7 $150.0 218 $31.6 $15.0 $25.0 $40.0 151 24.8% 20.0% 270 $157.6 $120.6 $151.1 $185.4 20.6 21.0
$5 - $10 Billion 104 $144.3 $124.0 $145.0 $167.5 92 $39.2 $20.0 $39.0 $50.0 63 28.2% 25.0% 104 $178.9 $140.8 $180.0 $213.5 20.8 20.5
Greater than $10 Billion 138 $157.2 $128.0 $155.0 $183.0 126 $50.7 $25.0 $39.5 $65.0 94 31.6% 25.0% 138 $203.5 $156.0 $189.5 $242.8 19.3 19.0
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 64 $115.1 $85.4 $105.0 $144.0 44 $22.6 $7.3 $15.0 $28.7 27 19.1% 20.0% 64 $130.7 $93.0 $114.5 $159.5 19.8 21.0
Bachelors 466 $124.5 $98.4 $122.0 $145.0 342 $30.7 $12.0 $24.1 $41.5 221 26.3% 20.0% 466 $147.1 $105.0 $138.5 $179.0 19.5 20.0
MA/MS 70 $119.4 $97.0 $110.0 $144.0 33 $27.3 $11.5 $28.0 $37.5 21 23.0% 20.0% 70 $132.2 $98.0 $122.2 $165.0 19.1 20.0
MBA 232 $136.3 $107.0 $130.0 $160.0 177 $38.4 $17.3 $30.0 $50.0 129 27.1% 25.0% 232 $165.6 $118.3 $150.0 $200.5 19.4 20.0
JD 37 $135.5 $110.0 $135.0 $152.0 26 $28.7 $15.0 $22.5 $34.0 21 20.4% 17.0% 37 $155.7 $120.0 $148.0 $177.0 15.6 16.0
Ph.D 3 -- -- -- -- 2 -- -- -- -- 2 -- -- 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 152 $110.2 $90.0 $107.5 $127.3 105 $23.0 $8.5 $18.5 $31.0 65 21.0% 20.0% 152 $126.1 $96.0 $120.0 $150.0 18.3 20.0
1 or Fewer 153 $120.9 $99.0 $117.0 $136.4 116 $25.6 $12.6 $22.0 $35.0 77 24.8% 20.0% 153 $140.3 $105.0 $134.5 $168.0 18.4 18.0
From 1 to 3 265 $130.8 $100.5 $130.0 $156.0 192 $34.9 $15.0 $28.0 $44.0 138 26.2% 20.0% 265 $156.0 $110.0 $146.0 $187.0 18.7 18.5
From 3 to 5 136 $124.5 $94.4 $120.0 $145.0 91 $31.1 $12.0 $22.0 $43.0 63 27.4% 20.0% 136 $145.3 $98.8 $135.7 $175.5 20.4 21.0
More than 5 111 $134.4 $100.0 $131.0 $159.0 79 $33.9 $12.0 $25.0 $48.0 50 26.8% 20.0% 111 $158.5 $108.3 $142.2 $185.0 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
© 2011 Risk and Insurance Management Society, Inc. (RIMS) V - 11 US Data
2011 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 6 $103.8 -- $103.0 -- 5 $18.5 -- $19.0 -- 3 -- -- 6 $119.1 -- $119.5 -- 18.0 18.5
Business/Info
Services/Consulting/Legal/Accounting10 $141.3 $103.2 $134.7 $145.0 10 $33.3 $17.0 $30.0 $31.0 5 23.0% 20.0% 10 $174.6 $120.2 $160.2 $181.0 14.0 13.0
Chemical/Pharmaceutical/Biotechnology 42 $144.1 $121.3 $135.0 $165.0 40 $45.1 $20.0 $28.7 $54.0 30 31.0% 24.0% 42 $187.0 $140.0 $164.4 $217.0 19.3 20.0
Computer Software/Services 13 $158.8 $129.4 $156.0 $185.0 12 $39.2 $26.3 $30.0 $41.5 11 21.9% 20.0% 13 $195.0 $153.0 $186.0 $214.0 15.9 17.0
Construction/Engineering/Architectural 29 $137.5 $105.0 $123.0 $168.0 21 $21.3 $7.0 $18.0 $30.0 15 18.3% 20.0% 29 $153.0 $112.0 $130.0 $195.0 19.4 20.0
Education 67 $101.7 $81.0 $98.0 $116.0 9 $21.3 -- $10.0 -- 5 33.4% 17.0% 67 $104.6 $81.0 $98.0 $116.0 19.6 20.0
Energy 36 $147.3 $122.0 $137.3 $160.0 32 $47.3 $28.8 $43.5 $57.5 21 37.0% 30.0% 36 $189.4 $145.3 $176.3 $212.8 22.0 25.0
Entertainment & Media 23 $135.9 $100.0 $135.3 $161.0 20 $26.4 $12.3 $23.5 $36.9 7 22.9% 25.0% 23 $158.8 $105.0 $155.5 $200.0 18.5 20.0
Finance/Banking 42 $140.1 $109.0 $126.8 $165.0 38 $36.4 $15.0 $27.2 $41.6 22 26.4% 20.0% 42 $173.0 $124.0 $160.0 $200.0 20.1 21.0
Government 132 $98.5 $80.0 $95.0 $116.4 12 $17.0 $1.7 $7.5 $11.3 7 12.7% 10.0% 132 $100.0 $80.5 $96.0 $116.9 20.8 20.0
Healthcare 44 $118.6 $96.8 $120.0 $137.5 28 $16.1 $6.8 $12.0 $22.5 12 21.5% 17.5% 44 $128.8 $98.3 $126.0 $149.0 17.9 17.5
Hospitality 38 $110.8 $95.0 $108.0 $125.0 28 $21.6 $11.8 $20.5 $25.0 28 21.2% 20.0% 38 $126.7 $103.0 $125.0 $146.0 17.1 16.5
Insurance 28 $119.3 $94.4 $117.9 $135.0 21 $19.4 $7.5 $16.0 $21.5 8 24.6% 15.0% 28 $133.8 $98.4 $131.7 $149.0 16.8 18.0
Mfg - Durable (includes Aerospace,
Computer/Office Equipment, Electronics)88 $139.6 $115.5 $139.4 $159.5 82 $37.4 $17.0 $28.9 $50.0 58 28.8% 25.0% 88 $174.4 $128.5 $164.5 $208.0 20.4 21.0
Mfg - Nondurable (includes Food, Paper & Allied
Products)40 $134.3 $108.5 $137.8 $155.5 38 $34.6 $14.0 $30.0 $56.0 29 25.7% 22.0% 40 $167.2 $119.3 $164.0 $201.5 18.7 17.0
Mining/Milling/Smelting 7 $152.1 -- $134.0 -- 6 $44.1 -- $31.0 -- 4 -- -- 7 $189.9 -- $154.0 -- 24.1 20.0
Not-for-Profit 86 $112.5 $91.8 $106.0 $130.0 28 $9.0 $3.1 $6.3 $12.4 11 18.2% 10.0% 86 $115.4 $93.0 $108.5 $135.0 19.0 20.0
Real Estate 40 $131.4 $106.5 $126.5 $148.0 34 $28.2 $12.5 $21.8 $35.0 23 21.0% 20.0% 40 $155.4 $123.4 $147.8 $179.0 16.8 14.5
Research & Development 4 -- -- -- -- 1 -- -- -- -- 1 -- -- 4 -- -- -- -- -- --
Retail 64 $135.2 $112.5 $138.5 $160.5 59 $31.7 $15.0 $26.0 $38.1 42 28.1% 20.0% 64 $164.4 $132.0 $165.1 $195.5 19.0 18.0
Service 19 $135.4 $103.0 $131.0 $150.0 15 $20.5 $7.0 $15.0 $25.0 12 18.9% 17.5% 19 $151.5 $110.0 $140.0 $182.0 17.9 18.0
Telecommunications 19 $129.2 $108.0 $135.0 $149.0 16 $36.8 $16.5 $29.8 $50.0 15 20.4% 20.0% 19 $160.2 $120.0 $164.6 $192.0 18.2 15.0
Transportation 45 $110.7 $94.0 $104.0 $125.0 28 $28.8 $7.3 $12.2 $50.0 15 33.3% 20.0% 45 $128.6 $100.0 $113.5 $142.0 18.3 20.0
Utilities 29 $133.1 $113.0 $133.0 $153.0 24 $35.3 $14.0 $33.8 $41.5 17 25.2% 20.0% 29 $162.3 $113.0 $164.0 $186.0 20.4 22.0
Wholesale Distribution 21 $132.4 $110.0 $130.0 $150.0 20 $36.1 $18.3 $30.0 $39.4 15 25.7% 20.0% 21 $166.7 $138.0 $145.0 $180.0 19.8 21.0
Other 22 $104.4 $78.0 $100.3 $110.0 13 $16.9 $4.1 $15.0 $26.3 8 13.1% 13.5% 22 $114.4 $80.0 $107.4 $136.3 20.5 18.5
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 148 $141.2 $113.5 $135.0 $161.5 113 $37.2 $16.0 $30.0 $47.7 67 24.9% 20.0% 148 $169.7 $122.0 $160.0 $200.0 20.7 21.0
Mid Atlantic Region 95 $129.3 $106.4 $127.0 $145.0 60 $32.5 $11.3 $29.0 $43.5 41 24.2% 20.0% 95 $149.8 $113.5 $138.9 $174.5 19.1 20.0
South East Region 115 $115.5 $89.0 $115.0 $138.0 72 $31.5 $10.0 $22.8 $41.1 53 24.6% 20.0% 115 $135.3 $96.0 $125.0 $171.4 20.3 20.0
Mississippi Valley Region 210 $126.9 $99.5 $126.3 $150.0 175 $31.2 $12.0 $25.0 $42.0 125 28.5% 20.0% 210 $152.9 $109.5 $146.0 $187.0 18.7 19.5
Mountain Region 159 $117.7 $93.0 $109.0 $135.0 111 $26.4 $12.0 $20.0 $35.0 78 23.0% 20.0% 159 $136.1 $100.0 $121.5 $160.0 18.6 19.0
Western Region 181 $128.8 $100.0 $123.0 $156.0 113 $33.3 $13.0 $25.0 $45.0 71 27.3% 20.0% 181 $149.6 $105.0 $136.0 $183.6 18.8 20.0
Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt
© 2011 Risk and Insurance Management Society, Inc. (RIMS) V - 12 US Data
2011 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 11 $92.3 $65.0 $86.0 $125.0 3 -- -- -- -- 3 -- -- 11 $95.6 $65.0 $96.0 $125.0 20.6 22.0
AR 6 $135.8 -- $121.5 -- 5 $41.9 -- $28.0 -- 4 -- -- 6 $170.7 -- $143.2 -- 25.0 25.5
AZ 12 $112.8 $100.0 $112.5 $129.0 8 $27.2 -- $20.5 -- 6 19.5% 17.5% 12 $130.9 $101.5 $131.5 $153.0 19.6 20.0
CA 116 $141.5 $110.0 $138.5 $164.0 78 $38.6 $16.0 $27.5 $50.0 51 31.0% 23.0% 116 $167.4 $120.5 $154.0 $200.5 18.9 18.8
CO 37 $109.7 $91.0 $105.0 $127.0 21 $23.3 $13.0 $17.0 $30.0 13 19.7% 20.0% 37 $122.9 $98.0 $113.0 $142.0 17.7 19.0
CT 22 $148.5 $121.0 $137.5 $155.0 18 $39.0 $24.0 $30.5 $60.0 13 23.7% 20.0% 22 $180.5 $145.0 $165.0 $179.0 20.5 23.0
DC 7 $151.1 -- $147.0 -- 2 -- -- -- -- 1 -- -- 7 $154.8 -- $165.0 -- 27.0 27.0
FL 48 $111.1 $88.8 $103.5 $125.0 27 $25.4 $8.0 $15.0 $34.0 14 20.2% 20.0% 48 $125.4 $96.0 $115.3 $141.0 20.7 20.0
GA 24 $143.6 $124.0 $140.4 $169.1 17 $50.5 $25.0 $41.0 $47.0 18 29.4% 27.5% 24 $179.4 $127.5 $167.0 $218.2 21.1 21.0
IL 73 $135.1 $107.4 $135.4 $160.0 55 $33.3 $15.0 $25.0 $48.0 44 25.9% 22.5% 73 $160.2 $115.0 $151.8 $192.0 18.8 20.0
IN 7 $110.9 -- $92.0 -- 6 $20.2 -- $19.1 -- 4 -- -- 7 $128.2 -- $119.5 -- 11.1 10.0
KS 6 $112.2 -- $107.0 -- 3 -- -- -- -- 3 -- -- 6 $130.5 -- $119.5 -- 20.7 21.0
LA 5 $111.7 -- $105.0 -- 4 -- -- -- -- 1 -- -- 5 $125.9 -- $118.8 -- 17.8 22.0
MA 24 $123.9 $102.8 $114.5 $145.0 13 $23.8 $9.0 $18.0 $40.0 10 34.0% 25.0% 24 $136.8 $104.6 $121.8 $161.6 19.8 19.0
MD 10 $141.4 $127.0 $139.3 $155.0 5 $23.2 -- $20.0 -- 4 -- -- 10 $153.0 $127.0 $154.5 $173.0 15.9 16.5
MI 22 $130.8 $95.0 $133.3 $164.0 19 $26.4 $5.0 $19.0 $35.0 10 39.1% 25.0% 22 $153.6 $107.0 $150.5 $195.0 17.9 18.5
MN 24 $127.5 $104.6 $125.0 $153.3 22 $38.0 $15.0 $23.7 $43.0 19 34.3% 20.0% 24 $162.3 $122.6 $148.0 $213.0 21.9 23.5
MO 15 $103.0 $75.0 $100.0 $123.0 12 $25.4 $10.5 $21.5 $43.5 8 20.0% 20.0% 15 $123.4 $86.0 $107.0 $141.0 16.5 18.0
NC 14 $124.4 $93.0 $123.7 $140.0 7 $28.4 -- $22.0 -- 5 17.6% 17.0% 14 $138.6 $102.0 $127.5 $170.0 19.4 18.0
NJ 41 $141.3 $120.0 $138.0 $163.0 37 $43.9 $20.0 $30.0 $50.0 26 23.4% 20.5% 41 $180.9 $140.7 $170.0 $201.0 20.7 20.0
NV 12 $108.0 $87.5 $98.0 $125.5 5 $25.9 -- $23.0 -- 4 -- -- 12 $118.7 $89.2 $98.0 $155.0 18.3 16.5
NY 50 $150.1 $120.0 $146.5 $182.0 38 $37.0 $16.0 $30.0 $50.0 14 24.1% 25.0% 50 $178.2 $124.0 $172.3 $212.5 21.2 21.5
OH 33 $122.1 $110.0 $119.8 $135.3 32 $31.3 $13.8 $29.0 $39.0 22 26.5% 20.0% 33 $152.5 $124.0 $151.0 $170.0 19.3 19.0
OK 8 $98.9 -- $100.1 -- 7 $13.1 -- $15.0 -- 4 -- -- 8 $110.3 -- $114.8 -- 13.1 13.5
OR 17 $105.1 $82.0 $110.0 $118.0 12 $15.6 $5.0 $11.7 $24.5 6 15.0% 12.5% 17 $116.1 $85.0 $120.6 $140.0 17.7 20.0
PA 35 $127.2 $105.0 $125.0 $143.0 28 $33.6 $15.9 $32.5 $42.5 19 28.4% 25.0% 35 $154.1 $118.0 $157.6 $175.3 18.4 20.0
RI 7 $134.7 -- $125.7 -- 5 $26.5 -- $26.0 -- 3 -- -- 7 $153.7 -- $151.7 -- 20.6 18.0
SC 7 $87.6 -- $75.2 -- 4 -- -- -- -- 3 -- -- 7 $107.5 -- $91.6 -- 23.3 25.0
TN 20 $116.0 $85.0 $120.7 $136.7 17 $28.2 $12.5 $23.0 $40.0 14 18.1% 20.0% 20 $140.0 $97.9 $131.5 $182.0 17.5 16.0
TX 90 $126.8 $100.0 $120.0 $146.0 67 $30.4 $14.3 $25.0 $44.0 51 25.6% 20.0% 90 $149.4 $109.0 $134.5 $180.0 20.3 20.0
UT 8 $111.5 -- $95.0 -- 6 $17.3 -- $10.3 -- 4 -- -- 8 $124.5 -- $100.0 -- 12.6 13.0
VA 26 $125.9 $91.0 $120.0 $144.0 16 $36.7 $10.8 $28.7 $52.5 11 22.3% 20.0% 26 $148.5 $100.0 $132.2 $179.0 19.0 17.5
WA 17 $99.3 $90.0 $100.0 $110.0 8 $23.1 -- $18.3 -- 4 -- -- 17 $110.2 $98.0 $104.0 $116.5 21.0 22.0
WI 27 $123.8 $90.0 $125.0 $145.0 22 $28.3 $7.5 $20.0 $52.0 12 28.8% 22.5% 27 $146.9 $90.1 $146.0 $187.0 16.1 15.0
Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt
© 2011 Risk and Insurance Management Society, Inc. (RIMS) V - 13 US Data
2011 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 24 $143.6 $124.0 $140.4 $169.1 17 $50.5 $25.0 $41.0 $47.0 18 29.4% 27.5% 24 $179.4 $127.5 $167.0 $218.2 21.1 21.0
Austin-San Marcos, TX 8 $115.0 -- $110.3 -- 5 $23.4 -- $25.0 -- 4 -- -- 8 $129.7 -- $120.3 -- 20.3 18.5
Birmingham, AL 5 $85.8 -- $82.0 -- 2 -- -- -- -- 2 -- -- 5 $88.6 -- $86.1 -- 17.0 18.0
Boston-Worcester-Lawrence, MA-NH-ME-CT 25 $124.2 $105.0 $116.0 $140.0 14 $24.1 $9.0 $20.0 $40.0 11 33.1% 24.0% 25 $137.7 $108.8 $122.0 $153.2 19.6 18.0
Charlotte-Gastonia-Rock Hill, NC-SC 5 $140.5 -- $125.0 -- 3 -- -- -- -- 2 -- -- 5 $169.1 -- $127.0 -- 19.0 16.0
Chicago-Gary-Kenosha, IL-IN-WI 64 $137.1 $111.0 $135.2 $162.5 52 $31.4 $14.8 $24.0 $42.0 41 25.9% 20.0% 64 $162.6 $118.5 $153.4 $192.3 19.4 20.0
Cincinnati-Hamilton, OH-KY-IN 9 $126.6 -- $130.5 -- 8 $29.7 -- $26.5 -- 4 -- -- 9 $153.0 -- $155.5 -- 21.2 23.0
Cleveland-Akron, OH 9 $118.4 -- $126.0 -- 9 $26.6 -- $31.5 -- 6 33.2% 19.0% 9 $145.0 -- $140.0 -- 19.2 16.0
Columbus, OH 5 $144.0 -- $125.0 -- 5 $35.6 -- $18.0 -- 5 18.6% 15.0% 5 $179.6 -- $137.5 -- 21.0 20.0
Dallas-Fort Worth, TX 39 $123.6 $98.0 $116.0 $135.0 31 $24.9 $13.0 $20.0 $31.6 23 26.0% 20.0% 39 $143.4 $112.0 $128.0 $164.0 19.3 18.0
Dayton-Springfield, OH 5 $103.8 -- $112.0 -- 5 $31.3 -- $30.0 -- 3 -- -- 5 $135.2 -- $151.0 -- 11.0 10.0
Denver-Boulder-Greeley, CO 32 $113.0 $93.0 $107.8 $134.3 17 $24.9 $13.0 $17.0 $35.0 12 19.7% 18.0% 32 $126.2 $99.6 $115.5 $145.8 18.7 20.0
Detroit-Ann Arbor-Flint, MI 16 $140.4 $124.8 $140.4 $164.5 15 $32.2 $7.0 $30.0 $40.0 9 32.3% 25.0% 16 $170.5 $130.1 $172.1 $197.5 15.9 15.0
Hartford, CT 8 $132.8 -- $137.0 -- 6 $41.7 -- $38.0 -- 5 27.0% 20.0% 8 $164.0 -- $167.5 -- 21.9 23.5
Houston-Galveston-Brazoria, TX 29 $143.3 $100.0 $135.5 $160.0 22 $43.4 $22.0 $39.5 $56.0 15 29.7% 25.0% 29 $176.2 $129.3 $165.5 $211.0 22.7 24.0
Jacksonville, FL 6 $123.3 -- $122.5 -- 5 $34.8 -- $23.5 -- 4 -- -- 6 $152.3 -- $147.8 -- 19.3 14.5
Las Vegas, NV-AZ 9 $107.4 -- $98.0 -- 4 -- -- -- -- 4 -- -- 9 $115.7 -- $98.0 -- 19.3 18.0
Los Angeles-Riverside-Orange County, CA 48 $135.2 $105.8 $132.0 $156.8 30 $31.1 $10.0 $20.8 $41.9 16 30.1% 21.5% 48 $154.7 $113.4 $143.8 $177.5 20.1 19.3
Memphis, TN-AR-MS 5 $123.2 -- $118.0 -- 4 -- -- -- -- 4 -- -- 5 $152.3 -- $125.5 -- 16.6 13.0
Miami-Fort Lauderdale, FL 10 $109.3 $99.0 $108.7 $120.0 4 -- -- -- -- 2 -- -- 10 $123.5 $99.0 $126.0 $137.0 19.7 20.5
Milwaukee-Racine, WI 18 $132.9 $90.0 $132.8 $172.0 15 $33.3 $6.0 $25.0 $69.0 8 24.4% 22.5% 18 $160.6 $90.1 $148.0 $215.0 15.1 15.0
Minneapolis-St. Paul, MN-WI 22 $131.3 $107.0 $132.2 $161.0 21 $39.4 $17.0 $26.3 $43.0 17 36.9% 20.0% 22 $168.9 $130.0 $151.0 $214.0 22.2 23.5
Nashville, TN 13 $115.3 $90.0 $123.5 $133.4 12 $24.5 $10.0 $22.0 $33.3 9 16.9% 20.0% 13 $137.9 $108.3 $137.5 $171.4 17.7 16.0
New York-Northern New Jersey-Long Island, NY-
NJ-CT-PA88 $149.8 $121.5 $145.0 $175.0 73 $40.7 $16.0 $30.0 $50.0 39 24.4% 25.0% 88 $183.5 $139.1 $168.4 $202.5 20.2 20.0
Oklahoma City, OK 5 $98.6 -- $105.0 -- 4 -- -- -- -- 2 -- -- 5 $110.1 -- $120.0 -- 12.6 13.0
Orlando, FL 7 $105.3 -- $102.0 -- 5 $13.8 -- $8.0 -- 1 -- -- 7 $115.2 -- $102.0 -- 23.6 21.0
Philadelphia-Wilmington-Atlantic City, PA-NJ-DE-
MD24 $130.8 $108.3 $123.1 $149.9 19 $31.7 $10.2 $28.9 $45.0 11 27.9% 20.0% 24 $155.9 $116.9 $156.8 $174.9 19.0 20.5
Phoenix, AZ 8 $117.5 -- $119.0 -- 5 $32.7 -- $25.0 -- 5 21.0% 20.0% 8 $137.9 -- $131.5 -- 18.8 20.5
Pittsburgh, PA 9 $125.7 -- $134.0 -- 8 $40.4 -- $38.1 -- 6 25.0% 25.0% 9 $161.6 -- $173.0 -- 17.6 16.0
Portland-Salem, OR-WA 17 $100.3 $80.0 $100.5 $117.1 11 $15.6 $5.0 $8.4 $25.0 6 15.0% 12.5% 17 $110.4 $82.0 $117.0 $136.0 19.3 20.0
Providence-Fall River-Warwick, RI-MA 7 $134.7 -- $125.7 -- 5 $26.5 -- $26.0 -- 3 -- -- 7 $153.7 -- $151.7 -- 20.6 18.0
Raleigh-Durham-Chapel Hill, NC 5 $118.2 -- $115.0 -- 4 -- -- -- -- 3 -- -- 5 $132.1 -- $136.4 -- 19.0 19.0
Richmond-Petersburg, VA 7 $137.2 -- $130.0 -- 5 $30.3 -- $28.3 -- 5 24.4% 25.0% 7 $158.8 -- $141.5 -- 18.4 15.0
Salt Lake City-Ogden, UT 8 $111.5 -- $95.0 -- 6 $17.3 -- $10.3 -- 4 -- -- 8 $124.5 -- $100.0 -- 12.6 13.0
San Antonio, TX 10 $115.2 $107.0 $112.5 $133.6 7 $22.8 -- $25.0 -- 7 22.1% 25.0% 10 $131.2 $109.0 $133.9 $150.0 19.8 22.0
San Diego, CA 18 $129.4 $109.0 $128.5 $150.0 12 $35.5 $18.8 $32.5 $43.0 10 23.8% 20.0% 18 $153.1 $112.0 $145.8 $186.0 18.3 17.3
San Francisco-Oakland-San Jose, CA 39 $165.3 $141.0 $161.0 $183.0 31 $51.5 $25.0 $40.0 $75.0 23 30.9% 25.0% 39 $206.2 $150.0 $200.0 $238.0 18.1 19.0
Seattle-Tacoma-Bremerton, WA 13 $99.4 $94.5 $100.0 $110.0 7 $18.3 -- $12.5 -- 3 -- -- 13 $109.3 $99.0 $104.0 $116.5 19.6 22.0
St. Louis, MO-IL 9 $98.9 -- $100.0 -- 7 $24.9 -- $25.0 -- 4 -- -- 9 $118.2 -- $118.0 -- 14.8 14.0
Tampa-St. Petersburg-Clearwater, FL 10 $107.5 $87.0 $93.0 $122.0 4 -- -- -- -- 2 -- -- 10 $119.1 $87.0 $98.0 $135.0 21.6 21.0
Washington-Baltimore, DC-MD-VA-WV 29 $141.4 $117.0 $138.5 $165.0 15 $35.6 $14.0 $22.0 $50.0 9 21.9% 20.0% 29 $159.8 $127.0 $160.0 $173.0 18.7 18.0
West Palm Beach-Boca Raton, FL 5 $120.3 -- $123.0 -- 4 -- -- -- -- 2 -- -- 5 $132.5 -- $138.0 -- 21.0 26.0
Target Bonus Total Cash Compensation Yrs. In Risk MgmtBase Salary Bonus Amount
© 2011 Risk and Insurance Management Society, Inc. (RIMS) V - 14 US Data
2011 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.
Respondent Characteristics
Male 60.7% Yes 39.5%
Female 37.1% No 60.4%
Did Not Indicate 2.2% Did Not Indicate 0.1%
High School/Associate Degree 7.0% Incentive Stock Options (ISOs) 27.0%
Bachelors 51.3% Non-Qualified Stock Options (NQSOs) 23.7%
MA/MS 7.7% Restricted Stock 57.9%
MBA 25.6% Stock Appreciation Rights (SARs) 7.2%
JD 4.1% Performance Shares 12.3%
MD 0.0% Performance Units 7.2%
Ph.D 0.3% Long-Term Cash 8.9%
Other 4.0% None of the Above Received 3.6%
* Only includes those eligible for LTI
Parent 75.6% Yes 83.3%
Division 5.5% No 16.7%
Subsidiary 7.3%
Single Location 5.7%
Other 5.9%
Gender Long-Term Incentive Eligible
Degree Type of Long-term Incentives Received*
Type of Organization Where Employed Supervise Individuals
© 2011 Risk and Insurance Management Society, Inc. (RIMS) V - 15 US Data
2011 Risk Management Compensation Survey
This Page Intentionally Blank
© 2011 Risk and Insurance Management Society, Inc. (RIMS) V - 16
2011 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 384 $97.0 $80.0 $95.0 $110.2 255 $16.0 $6.6 $13.0 $21.8 169 16.2% 15.0% 384 $107.6 $85.0 $103.3 $126.3 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 195 $102.4 $86.5 $102.0 $117.0 152 $18.0 $8.0 $15.0 $24.5 117 17.0% 15.0% 195 $116.5 $93.0 $112.0 $138.0 13.8 11.0
Private 103 $93.7 $79.0 $91.0 $108.0 75 $14.7 $5.7 $10.0 $20.0 42 15.1% 12.0% 103 $104.4 $83.2 $100.8 $123.0 13.0 11.0
Government 42 $82.1 $69.0 $80.2 $93.0 5 $3.0 -- $3.0 -- 1 -- -- 42 $82.5 $69.0 $80.2 $93.6 17.7 18.5
Not-for-Profit 25 $93.5 $80.0 $90.0 $100.0 13 $10.7 $3.5 $6.4 $10.0 4 -- -- 25 $99.1 $89.0 $94.0 $106.9 15.8 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 25 $80.9 $71.0 $80.5 $90.0 13 $9.8 $4.0 $6.5 $17.5 5 14.0% 10.0% 25 $85.9 $74.0 $87.0 $94.1 16.6 15.0
$100 - $250 Million 28 $89.9 $77.2 $84.8 $103.4 17 $11.2 $3.0 $8.5 $10.0 4 -- -- 28 $96.7 $79.3 $92.5 $112.8 12.9 10.5
$250 - $500 Million 22 $94.3 $76.0 $89.5 $108.0 8 $16.2 -- $11.7 -- 3 -- -- 22 $100.2 $76.0 $91.4 $111.3 14.0 11.0
$500 Million - $1 Billion 31 $91.1 $76.0 $92.0 $102.0 17 $13.8 $4.0 $10.0 $15.0 6 12.2% 9.5% 31 $98.6 $78.5 $98.5 $111.0 13.0 12.0
$1 - $5 Billion 130 $96.1 $82.0 $96.0 $105.0 92 $13.5 $6.2 $10.1 $18.5 67 14.6% 12.0% 130 $105.7 $86.0 $103.3 $120.0 13.8 12.0
$5 - $10 Billion 39 $105.8 $90.0 $106.0 $121.0 29 $16.6 $9.8 $13.5 $20.0 21 17.1% 15.0% 39 $118.2 $98.8 $119.0 $140.0 16.4 18.0
Greater than $10 Billion 77 $111.6 $96.0 $110.0 $125.0 61 $23.8 $13.9 $22.3 $30.0 55 16.9% 15.0% 77 $130.5 $108.0 $128.0 $150.0 13.8 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 31 $82.1 $62.0 $81.0 $97.0 18 $12.1 $5.0 $8.8 $18.0 5 27.0% 15.0% 31 $89.1 $73.9 $90.0 $97.0 17.6 18.0
Bachelors 220 $96.7 $80.0 $94.9 $110.0 146 $14.6 $5.7 $13.0 $20.0 94 14.2% 15.0% 220 $106.4 $82.5 $103.0 $125.8 14.2 12.0
MA/MS 29 $93.1 $79.0 $93.2 $105.0 19 $11.9 $6.5 $10.0 $17.0 16 20.0% 15.0% 29 $100.9 $81.8 $102.5 $111.0 14.4 12.0
MBA 80 $104.2 $90.0 $101.2 $116.0 59 $20.1 $9.0 $15.0 $28.5 45 17.6% 15.0% 80 $119.1 $96.4 $112.2 $138.3 12.4 10.0
JD 8 $106.6 -- $111.5 -- 6 $26.0 -- $19.5 -- 4 -- -- 8 $126.1 -- $121.0 -- 11.3 11.5
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 193 $95.2 $80.0 $93.1 $110.0 130 $16.0 $6.6 $13.9 $22.0 85 16.8% 15.0% 193 $106.0 $82.5 $102.0 $125.0 13.1 11.0
1 or Fewer 63 $99.6 $84.7 $98.0 $115.0 45 $17.7 $8.0 $15.0 $21.0 33 18.0% 15.0% 63 $112.2 $87.9 $106.9 $141.0 15.3 14.0
From 1 to 3 74 $95.5 $80.0 $94.5 $107.2 47 $14.5 $5.0 $10.0 $22.0 30 14.0% 12.5% 74 $104.7 $84.0 $101.8 $123.1 14.8 11.5
From 3 to 5 57 $101.2 $86.5 $102.1 $119.0 43 $15.8 $5.7 $13.5 $25.0 35 18.0% 15.0% 57 $113.1 $90.0 $113.5 $139.7 13.3 11.0
More than 5 11 $102.9 $80.0 $89.9 $126.0 5 $22.0 -- $21.0 -- 5 17.4% 15.0% 11 $112.9 $81.8 $89.9 $148.0 16.8 18.0
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
© 2011 Risk and Insurance Management Society, Inc. (RIMS) V - 17 US Data
2011 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)
Business/Info
Services/Consulting/Legal/Accounting5 $98.8 -- $94.0 -- 4 -- -- -- -- 2 -- -- 5 $103.4 -- $99.7 -- 11.6 11.0
Chemical/Pharmaceutical/Biotechnology 15 $117.3 $100.5 $113.0 $135.0 11 $25.0 $17.0 $20.0 $36.3 12 16.8% 15.0% 15 $135.6 $110.6 $132.0 $162.0 10.5 11.0
Construction/Engineering/Architectural 12 $107.5 $91.1 $103.2 $118.5 10 $11.2 $4.0 $7.8 $19.4 3 -- -- 12 $116.9 $95.1 $113.8 $120.0 15.4 14.0
Education 12 $71.1 $54.3 $71.3 $89.4 2 -- -- -- -- 1 -- -- 12 $72.4 $54.3 $71.3 $89.4 14.2 11.0
Energy 17 $105.7 $92.0 $110.0 $115.0 14 $25.5 $18.0 $24.5 $30.0 8 28.9% 21.0% 17 $126.7 $111.0 $136.0 $142.3 16.1 15.0
Entertainment & Media 11 $97.7 $82.0 $98.0 $120.0 9 $13.6 -- $15.0 -- 6 14.2% 12.5% 11 $108.8 $83.8 $109.5 $131.0 16.3 15.0
Finance/Banking 19 $88.2 $69.0 $81.8 $108.0 12 $18.0 $10.0 $12.7 $21.0 1 -- -- 19 $99.6 $77.3 $89.2 $123.0 13.4 13.0
Government 42 $82.1 $69.0 $80.2 $93.0 5 $3.0 -- $3.0 -- 1 -- -- 42 $82.5 $69.0 $80.2 $93.6 17.7 18.5
Healthcare 15 $99.6 $75.0 $100.0 $125.0 9 $14.9 -- $10.0 -- 6 11.3% 10.0% 15 $108.5 $77.5 $100.0 $141.5 15.5 15.0
Hospitality 9 $89.4 -- $93.8 -- 7 $7.4 -- $5.0 -- 4 -- -- 9 $95.1 -- $93.8 -- 13.9 10.0
Insurance 16 $88.8 $83.4 $87.8 $96.0 11 $8.8 $4.0 $9.8 $12.0 9 9.1% 10.0% 16 $94.8 $85.5 $92.5 $107.4 15.3 14.0
Mfg - Durable (includes Aerospace,
Computer/Office Equipment, Electronics)47 $107.0 $92.0 $105.0 $122.0 37 $19.8 $10.0 $18.0 $25.0 30 16.1% 12.0% 47 $122.6 $97.4 $123.0 $143.0 13.5 11.0
Mfg - Nondurable (includes Food, Paper & Allied
Products)22 $100.8 $85.0 $101.5 $118.9 17 $17.9 $10.0 $17.0 $24.0 14 16.4% 15.5% 22 $114.7 $97.5 $114.3 $135.8 12.8 10.5
Mining/Milling/Smelting 6 $117.7 -- $113.9 -- 6 $25.0 -- $18.6 -- 6 18.3% 20.0% 6 $142.6 -- $132.0 -- 17.7 20.5
Not-for-Profit 25 $93.5 $80.0 $90.0 $100.0 13 $10.7 $3.5 $6.4 $10.0 4 -- -- 25 $99.1 $89.0 $94.0 $106.9 15.8 15.0
Real Estate 16 $82.9 $61.5 $87.7 $101.0 12 $16.0 $5.0 $11.0 $23.8 3 -- -- 16 $94.8 $66.0 $97.1 $115.5 11.2 11.0
Retail 26 $95.5 $80.0 $90.0 $110.0 17 $17.6 $7.6 $10.3 $16.5 15 14.0% 10.0% 26 $107.0 $80.0 $96.5 $124.0 12.6 10.0
Service 5 $92.3 -- $90.0 -- 4 -- -- -- -- 1 -- -- 5 $107.6 -- $102.5 -- 8.5 11.0
Telecommunications 14 $100.4 $85.0 $92.5 $110.0 11 $15.6 $10.0 $15.0 $20.0 8 17.6% 17.5% 14 $112.7 $96.8 $109.0 $117.1 11.1 10.0
Transportation 14 $81.7 $62.0 $86.5 $99.5 7 $13.8 -- $5.2 -- 6 15.2% 16.5% 14 $88.6 $62.7 $90.0 $105.0 15.0 14.5
Utilities 26 $103.5 $90.0 $102.4 $114.5 18 $12.6 $4.4 $8.8 $20.0 10 20.2% 15.0% 26 $112.2 $101.0 $107.0 $134.5 18.2 18.5
Wholesale Distribution 8 $99.5 -- $87.0 -- 6 $11.6 -- $9.5 -- 4 -- -- 8 $108.2 -- $97.3 -- 15.0 15.5
Other 19 $96.0 $86.5 $100.5 $110.0 10 $9.4 $5.0 $9.3 $15.0 5 15.6% 15.0% 19 $101.0 $86.5 $102.0 $117.0 14.1 15.0
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 66 $105.6 $90.0 $101.7 $120.0 51 $19.3 $10.0 $15.0 $24.0 37 17.7% 15.0% 66 $120.5 $97.2 $111.5 $143.0 13.8 11.0
Mid Atlantic Region 47 $95.1 $82.0 $100.0 $108.0 34 $17.0 $7.5 $11.4 $20.0 23 18.7% 15.0% 47 $107.3 $82.5 $105.0 $123.0 14.0 11.0
South East Region 52 $89.1 $78.4 $90.0 $99.0 31 $14.6 $4.0 $9.8 $25.0 16 15.2% 12.5% 52 $97.9 $82.5 $94.7 $109.5 15.2 13.0
Mississippi Valley Region 84 $95.7 $77.5 $92.0 $111.4 53 $16.6 $8.0 $15.0 $21.6 47 13.7% 13.0% 84 $106.2 $80.0 $98.7 $125.8 14.2 13.5
Mountain Region 66 $96.8 $78.3 $95.4 $114.0 47 $15.0 $7.0 $14.0 $20.0 25 18.2% 15.0% 66 $107.5 $86.0 $104.4 $125.0 14.5 12.5
Western Region 69 $97.6 $80.0 $95.0 $113.0 39 $12.5 $4.4 $10.0 $20.0 21 14.9% 15.0% 69 $104.7 $80.4 $101.0 $130.0 13.5 12.0
Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt
© 2011 Risk and Insurance Management Society, Inc. (RIMS) V - 18 US Data
2011 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)
AL 5 $90.0 -- $103.0 -- 4 -- -- -- -- 2 -- -- 5 $94.2 -- $106.5 -- 14.0 11.0
CA 42 $106.8 $88.0 $106.0 $125.0 28 $12.4 $4.0 $10.0 $21.5 17 14.8% 15.0% 42 $115.1 $94.0 $112.3 $134.0 13.5 12.0
CO 15 $101.1 $78.7 $94.8 $120.0 12 $15.0 $6.7 $11.0 $14.8 7 15.0% 15.0% 15 $113.1 $78.7 $100.4 $120.0 12.2 10.0
CT 11 $103.8 $80.0 $105.0 $119.0 8 $14.2 -- $13.5 -- 4 -- -- 11 $114.1 $84.0 $120.0 $141.5 14.2 10.0
DC 5 $99.4 -- $102.7 -- 3 -- -- -- -- 1 -- -- 5 $103.3 -- $103.0 -- 19.8 25.0
FL 23 $91.8 $82.0 $89.9 $100.0 10 $15.6 $6.4 $14.9 $25.0 6 17.7% 18.0% 23 $98.5 $85.0 $94.1 $110.0 16.1 20.0
GA 14 $85.9 $72.0 $90.0 $97.0 8 $18.1 -- $15.9 -- 3 -- -- 14 $96.3 $72.0 $90.1 $119.0 13.7 13.0
IL 20 $101.5 $85.0 $103.0 $114.0 12 $20.1 $8.4 $16.0 $28.0 9 16.7% 20.0% 20 $113.5 $90.5 $109.7 $128.0 16.6 16.5
IN 7 $86.8 -- $82.0 -- 5 $11.2 -- $11.0 -- 5 10.2% 10.0% 7 $94.8 -- $85.7 -- 7.6 7.0
MA 8 $108.9 -- $104.5 -- 6 $24.5 -- $22.5 -- 4 -- -- 8 $127.2 -- $117.0 -- 9.3 8.5
MI 14 $86.0 $80.0 $85.6 $93.2 9 $12.3 -- $9.3 -- 7 11.7% 12.0% 14 $93.9 $82.5 $89.0 $112.4 15.8 15.5
MN 8 $111.0 -- $113.4 -- 6 $20.3 -- $16.7 -- 6 16.3% 15.0% 8 $126.2 -- $124.8 -- 16.6 18.0
MO 10 $93.1 $80.0 $89.5 $103.0 4 -- -- -- -- 4 -- -- 10 $98.9 $80.0 $94.5 $111.0 12.3 12.0
NC 7 $93.7 -- $100.0 -- 5 $23.7 -- $20.0 -- 3 -- -- 7 $110.7 -- $109.5 -- 13.7 14.0
NE 5 $87.7 -- $102.0 -- 2 -- -- -- -- 1 -- -- 5 $90.3 -- $105.0 -- 18.6 20.0
NJ 21 $108.7 $90.0 $105.0 $125.0 16 $23.1 $10.2 $20.0 $34.9 16 21.9% 15.0% 21 $126.4 $102.0 $123.3 $151.0 13.1 12.0
NV 5 $92.7 -- $86.5 -- 4 -- -- -- -- 1 -- -- 5 $101.8 -- $99.0 -- 14.6 16.0
NY 22 $105.7 $92.0 $99.0 $121.0 18 $17.6 $10.0 $13.3 $15.0 11 15.0% 15.0% 22 $120.2 $100.0 $116.5 $142.0 16.1 16.0
OH 14 $91.3 $71.0 $85.1 $110.0 10 $16.4 $3.5 $14.5 $21.6 8 13.1% 15.0% 14 $103.0 $78.5 $94.2 $120.0 9.2 8.5
OR 9 $76.8 -- $79.0 -- 3 -- -- -- -- 0 -- -- 9 $82.8 -- $79.0 -- 18.3 16.0
PA 17 $99.3 $95.0 $102.5 $110.0 14 $23.1 $10.0 $17.5 $31.3 13 16.8% 15.0% 17 $118.3 $104.0 $116.0 $145.0 15.6 13.0
TN 6 $83.7 -- $85.4 -- 5 $17.8 -- $10.0 -- 3 -- -- 6 $98.6 -- $94.8 -- 14.1 15.3
TX 35 $98.3 $78.3 $98.0 $117.0 23 $15.3 $6.0 $15.0 $25.0 13 21.0% 15.0% 35 $108.3 $86.0 $108.0 $132.0 14.7 14.0
VA 8 $100.2 -- $98.5 -- 6 $11.2 -- $13.0 -- 4 -- -- 8 $108.6 -- $105.5 -- 9.3 9.0
WA 7 $83.4 -- $81.0 -- 1 -- -- -- -- 1 -- -- 7 $84.9 -- $81.0 -- 10.9 11.0
WI 8 $102.3 -- $97.0 -- 5 $15.7 -- $16.0 -- 6 15.2% 15.0% 8 $112.1 -- $99.7 -- 19.0 19.0
Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt
© 2011 Risk and Insurance Management Society, Inc. (RIMS) V - 19 US Data
2011 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 12 $89.1 $80.4 $90.0 $97.5 7 $20.6 -- $22.0 -- 3 -- -- 12 $101.1 $81.0 $90.6 $123.9 13.8 13.0
Boston-Worcester-Lawrence, MA-NH-ME-CT 7 $113.6 -- $108.0 -- 6 $24.5 -- $22.5 -- 4 -- -- 7 $134.6 -- $123.0 -- 9.3 8.0
Charlotte-Gastonia-Rock Hill, NC-SC 5 $92.8 -- $100.0 -- 3 -- -- -- -- 1 -- -- 5 $111.3 -- $109.5 -- 15.2 17.0
Chicago-Gary-Kenosha, IL-IN-WI 17 $100.9 $91.0 $104.0 $113.0 12 $16.8 $8.4 $12.5 $24.0 10 16.2% 17.5% 17 $112.7 $91.0 $111.3 $123.0 15.7 15.0
Cleveland-Akron, OH 5 $95.4 -- $94.0 -- 3 -- -- -- -- 2 -- -- 5 $104.0 -- $94.0 -- 10.6 8.0
Dallas-Fort Worth, TX 15 $97.6 $77.0 $96.0 $120.0 11 $16.8 $7.0 $17.5 $25.0 5 32.0% 15.0% 15 $109.9 $80.0 $108.0 $132.0 13.5 10.0
Denver-Boulder-Greeley, CO 15 $101.1 $78.7 $94.8 $120.0 12 $15.0 $6.7 $11.0 $14.8 7 15.0% 15.0% 15 $113.1 $78.7 $100.4 $120.0 12.2 10.0
Detroit-Ann Arbor-Flint, MI 11 $85.6 $82.5 $86.5 $93.2 7 $11.7 -- $9.3 -- 5 12.0% 12.0% 11 $93.0 $82.5 $90.0 $112.4 13.0 14.0
Hartford, CT 5 $106.9 -- $109.0 -- 4 -- -- -- -- 2 -- -- 5 $120.4 -- $121.0 -- 13.6 10.0
Houston-Galveston-Brazoria, TX 14 $101.4 $93.0 $103.0 $114.0 8 $18.3 -- $20.1 -- 5 16.4% 20.0% 14 $111.9 $101.0 $115.3 $136.0 15.4 13.5
Indianapolis, IN 6 $88.4 -- $82.9 -- 4 -- -- -- -- 5 10.2% 10.0% 6 $95.6 -- $84.8 -- 8.2 8.5
Kansas City, MO-KS 6 $83.3 -- $87.0 -- 2 -- -- -- -- 3 -- -- 6 $86.5 -- $87.0 -- 15.0 14.0
Los Angeles-Riverside-Orange County, CA 21 $95.2 $80.0 $100.0 $106.0 11 $11.8 $5.0 $10.0 $24.0 6 16.7% 15.0% 21 $101.4 $80.3 $100.0 $124.0 12.9 11.0
Miami-Fort Lauderdale, FL 6 $104.0 -- $95.0 -- 4 -- -- -- -- 2 -- -- 6 $117.0 -- $105.0 -- 18.2 20.0
Minneapolis-St. Paul, MN-WI 6 $107.4 -- $111.4 -- 4 -- -- -- -- 4 -- -- 6 $122.1 -- $121.1 -- 18.3 20.0
New York-Northern New Jersey-Long Island, NY-
NJ-CT-PA42 $106.8 $92.0 $103.5 $119.0 32 $20.4 $10.0 $14.5 $24.5 26 18.7% 15.0% 42 $122.3 $100.0 $120.5 $143.0 13.8 11.0
Philadelphia-Wilmington-Atlantic City, PA-NJ-DE-
MD8 $98.2 -- $101.4 -- 7 $25.5 -- $17.0 -- 5 18.0% 20.0% 8 $120.5 -- $115.2 -- 10.9 10.5
Portland-Salem, OR-WA 8 $81.4 -- $79.8 -- 3 -- -- -- -- 0 -- -- 8 $88.2 -- $79.8 -- 16.9 15.5
San Diego, CA 5 $99.8 -- $95.0 -- 5 $11.8 -- $10.0 -- 2 -- -- 5 $111.6 -- $112.0 -- 12.8 12.0
San Francisco-Oakland-San Jose, CA 14 $125.5 $110.0 $132.5 $145.0 11 $14.0 $2.0 $13.6 $23.0 9 13.4% 15.0% 14 $136.5 $112.5 $136.5 $163.0 13.5 12.3
Washington-Baltimore, DC-MD-VA-WV 18 $90.6 $76.0 $93.5 $102.7 12 $8.3 $2.9 $8.8 $12.0 5 28.6% 15.0% 18 $96.2 $80.0 $94.6 $111.0 13.6 10.0
Target Bonus Total Cash Compensation Yrs. In Risk MgmtBase Salary Bonus Amount
© 2011 Risk and Insurance Management Society, Inc. (RIMS) V - 20 US Data
2011 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 49.2% Yes 24.7%
Female 49.2% No 75.3%
Did Not Indicate 1.6% Did Not Indicate 0.0%
High School/Associate Degree 8.1% Incentive Stock Options (ISOs) 28.4%
Bachelors 57.3% Non-Qualified Stock Options (NQSOs) 14.7%
MA/MS 7.6% Restricted Stock 44.2%
MBA 20.8% Stock Appreciation Rights (SARs) 4.2%
JD 2.1% Performance Shares 7.4%
MD 0.3% Performance Units 7.4%
Ph.D 0.0% Long-Term Cash 8.4%
Other 3.9% None of the Above Received 8.4%
* Only includes those eligible for LTI
Parent 73.2% Yes 49.7%
Division 7.0% No 50.3%
Subsidiary 8.6%
Single Location 4.9%
Other 6.3%
Gender Long-Term Incentive Eligible
Degree Type of Long-term Incentives Received*
Type of Organization Where Employed Supervise Individuals
© 2011 Risk and Insurance Management Society, Inc. (RIMS) V - 21 US Data
2011 Risk Management Compensation Survey
This Page Intentionally Blank
© 2011 Risk and Insurance Management Society, Inc. (RIMS) V - 22
2011 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 39 $83.6 $67.5 $80.0 $103.0 18 $10.5 $3.4 $10.3 $16.0 5 31.8% 15.0% 39 $88.5 $67.5 $81.5 $110.0 16.0 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 15 $86.7 $73.0 $88.0 $103.0 9 $12.6 -- $16.0 -- 3 -- -- 15 $94.3 $73.0 $92.0 $112.0 16.8 16.0
Private 10 $83.1 $65.0 $79.0 $105.0 7 $8.0 -- $8.8 -- 1 -- -- 10 $88.7 $65.0 $83.0 $115.5 12.1 12.0
Government 6 $72.9 -- $65.0 -- 0 -- -- -- -- 0 -- -- 6 $72.9 -- $65.0 -- 18.3 13.0
Not-for-Profit 7 $88.4 -- $73.0 -- 1 -- -- -- -- 0 -- -- 7 $90.5 -- $73.0 -- 18.7 14.0
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 6 $92.1 -- $97.5 -- 4 -- -- -- -- 1 -- -- 6 $97.5 -- $102.5 -- 11.8 11.5
$100 - $250 Million 2 -- -- -- -- 1 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --
$250 - $500 Million 2 -- -- -- -- 0 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --
$500 Million - $1 Billion 4 -- -- -- -- 1 -- -- -- -- 0 -- -- 4 -- -- -- -- -- --
$1 - $5 Billion 9 $95.3 -- $92.0 -- 6 $12.8 -- $15.0 -- 4 -- -- 9 $103.8 -- $92.0 -- 14.9 16.0
$5 - $10 Billion 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Greater than $10 Billion 4 -- -- -- -- 3 -- -- -- -- 0 -- -- 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 9 $76.3 -- $73.0 -- 3 -- -- -- -- 0 -- -- 9 $78.5 -- $73.0 -- 16.4 10.0
Bachelors 21 $87.9 $69.0 $88.0 $103.0 11 $12.1 $3.0 $15.0 $17.0 3 -- -- 21 $94.2 $69.0 $92.0 $115.0 16.8 16.0
MA/MS 4 -- -- -- -- 1 -- -- -- -- 0 -- -- 4 -- -- -- -- -- --
MBA 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
JD 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 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 12 $83.7 $73.5 $80.8 $96.0 5 $10.1 -- $3.0 -- 1 -- -- 12 $87.9 $75.0 $82.0 $102.5 14.1 14.5
1 or Fewer 7 $88.5 -- $87.0 -- 4 -- -- -- -- 2 -- -- 7 $95.1 -- $87.4 -- 20.7 20.0
From 1 to 3 8 $78.8 -- $73.5 -- 4 -- -- -- -- 1 -- -- 8 $81.4 -- $75.2 -- 13.4 11.5
From 3 to 5 7 $74.9 -- $66.0 -- 1 -- -- -- -- 1 -- -- 7 $77.3 -- $66.0 -- 17.0 10.0
More than 5 4 -- -- -- -- 2 -- -- -- -- 1 -- -- 4 -- -- -- -- -- --
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
© 2011 Risk and Insurance Management Society, Inc. (RIMS) V - 23 US Data
2011 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)
Government 6 $72.9 -- $65.0 -- 0 -- -- -- -- 0 -- -- 6 $72.9 -- $65.0 -- 18.3 13.0
Healthcare 5 $95.0 -- $92.0 -- 2 -- -- -- -- 0 -- -- 5 $98.0 -- $92.0 -- 13.2 10.0
Mfg - Durable (includes Aerospace,
Computer/Office Equipment, Electronics)7 $91.3 -- $95.0 -- 5 $14.1 -- $12.0 -- 2 -- -- 7 $101.4 -- $105.0 -- 15.1 15.0
Not-for-Profit 7 $88.4 -- $73.0 -- 1 -- -- -- -- 0 -- -- 7 $90.5 -- $73.0 -- 18.7 14.0
Retail 5 $75.4 -- $73.0 -- 2 -- -- -- -- 0 -- -- 5 $79.9 -- $73.0 -- 11.8 10.0
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 3 -- -- -- -- 1 -- -- -- -- 2 -- -- 3 -- -- -- -- -- --
Mid Atlantic Region 5 $83.6 -- $87.0 -- 2 -- -- -- -- 0 -- -- 5 $87.1 -- $87.4 -- 26.4 27.0
South East Region 10 $78.7 $62.0 $70.5 $96.0 3 -- -- -- -- 1 -- -- 10 $82.3 $62.0 $70.5 $112.0 15.7 10.5
Mississippi Valley Region 7 $81.9 -- $80.0 -- 4 -- -- -- -- 2 -- -- 7 $86.8 -- $80.0 -- 13.9 14.0
Mountain Region 5 $80.9 -- $72.0 -- 1 -- -- -- -- 0 -- -- 5 $82.6 -- $72.0 -- 15.0 14.0
Western Region 9 $91.2 -- $92.0 -- 7 $9.0 -- $10.5 -- 0 -- -- 9 $98.2 -- $92.0 -- 14.0 14.0
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 5 $97.2 -- $92.0 -- 5 $6.5 -- $3.0 -- 0 -- -- 5 $103.7 -- $92.0 -- 13.4 14.0
FL 6 $65.2 -- $65.0 -- 1 -- -- -- -- 0 -- -- 6 $66.0 -- $65.0 -- 15.7 10.0
Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt
© 2011 Risk and Insurance Management Society, Inc. (RIMS) V - 24 US Data
2011 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 28.2% Yes 23.1%
Female 64.1% No 76.9%
Did Not Indicate 7.7% Did Not Indicate 0.0%
High School/Associate Degree 23.1% Incentive Stock Options (ISOs) 55.6%
Bachelors 53.8% Non-Qualified Stock Options (NQSOs) 0.0%
MA/MS 10.3% Restricted Stock 22.2%
MBA 0.0% Stock Appreciation Rights (SARs) 0.0%
JD 2.6% Performance Shares 0.0%
MD 0.0% Performance Units 0.0%
Ph.D 0.0% Long-Term Cash 11.1%
Other 10.3% None of the Above Received 11.1%
* Only includes those eligible for LTI
Parent 61.5% Yes 69.2%
Division 17.9% No 30.8%
Subsidiary 2.6%
Single Location 7.7%
Other 10.3%
Degree Type of Long-term Incentives Received*
Type of Organization Where Employed Supervise Individuals
Gender Long-Term Incentive Eligible
© 2011 Risk and Insurance Management Society, Inc. (RIMS) V - 25 US Data
2011 Risk Management Compensation Survey
This Page Intentionally Blank
© 2011 Risk and Insurance Management Society, Inc. (RIMS) V - 26
2011 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 116 $83.4 $70.2 $82.0 $96.9 70 $11.7 $5.1 $10.0 $15.0 34 16.9% 10.0% 116 $90.5 $73.4 $90.0 $104.4 15.3 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 49 $90.5 $78.0 $90.5 $100.0 40 $13.1 $7.3 $13.6 $16.0 23 19.7% 10.0% 49 $101.2 $80.0 $100.0 $115.0 15.4 15.0
Private 37 $76.0 $65.8 $79.0 $84.0 24 $10.7 $4.1 $7.0 $13.0 7 11.9% 10.0% 37 $83.0 $66.0 $81.5 $97.0 14.8 15.0
Government 14 $78.8 $60.0 $75.5 $96.4 0 -- -- -- -- 0 -- -- 14 $78.8 $60.0 $75.5 $96.4 17.1 18.5
Not-for-Profit 10 $85.5 $71.9 $76.3 $90.0 1 -- -- -- -- 2 -- -- 10 $86.5 $71.9 $76.3 $90.0 16.4 13.0
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 10 $74.7 $71.0 $75.0 $80.0 6 $18.6 -- $10.5 -- 4 -- -- 10 $85.9 $71.9 $83.0 $98.0 13.6 12.0
$100 - $250 Million 6 $73.9 -- $71.5 -- 2 -- -- -- -- 3 -- -- 6 $79.4 -- $75.0 -- 14.3 13.0
$250 - $500 Million 3 -- -- -- -- 1 -- -- -- -- 0 -- -- 3 -- -- -- -- -- --
$500 Million - $1 Billion 12 $90.1 $74.3 $86.0 $103.5 6 $12.5 -- $10.7 -- 2 -- -- 12 $96.4 $77.4 $93.5 $115.0 14.8 16.0
$1 - $5 Billion 19 $82.8 $80.0 $85.0 $90.0 15 $10.2 $7.0 $10.0 $15.0 7 12.6% 10.0% 19 $90.8 $80.0 $93.5 $101.0 12.9 10.0
$5 - $10 Billion 10 $94.1 $85.0 $96.9 $112.0 10 $14.1 $11.0 $13.3 $15.0 4 -- -- 10 $108.1 $97.0 $110.8 $120.0 13.3 12.5
Greater than $10 Billion 19 $100.7 $85.0 $98.0 $103.0 17 $13.3 $8.0 $14.0 $15.0 10 27.4% 10.0% 19 $112.7 $92.0 $110.0 $125.0 17.6 16.0
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 17 $69.0 $58.0 $72.5 $85.0 10 $5.4 $2.0 $3.1 $8.0 5 28.0% 10.0% 17 $72.1 $60.0 $72.5 $90.0 17.2 18.0
Bachelors 72 $83.7 $72.5 $81.0 $96.6 43 $11.9 $6.7 $10.0 $16.0 17 18.3% 10.0% 72 $90.8 $75.0 $89.5 $103.4 14.8 12.0
MA/MS 2 -- -- -- -- 1 -- -- -- -- 2 -- -- 2 -- -- -- -- -- --
MBA 12 $83.6 $68.0 $79.0 $101.5 7 $19.9 -- $15.0 -- 5 10.2% 10.0% 12 $95.2 $69.0 $97.5 $116.0 13.6 12.5
JD 6 $104.9 -- $100.0 -- 5 $11.3 -- $13.0 -- 4 -- -- 6 $114.3 -- $114.0 -- 13.8 13.0
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 59 $80.7 $65.5 $80.0 $97.0 35 $10.7 $4.3 $10.0 $15.0 15 17.7% 10.0% 59 $87.0 $65.8 $80.0 $105.0 12.7 11.0
1 or Fewer 19 $78.1 $71.9 $76.0 $87.0 11 $9.9 $3.5 $8.0 $16.0 6 27.2% 15.0% 19 $83.9 $73.0 $80.0 $99.0 14.4 13.0
From 1 to 3 11 $89.8 $70.4 $79.0 $104.0 6 $23.2 -- $16.0 -- 2 -- -- 11 $102.4 $70.4 $97.0 $141.0 14.9 17.0
From 3 to 5 19 $85.4 $75.0 $83.0 $100.0 14 $12.5 $7.0 $11.3 $15.0 4 -- -- 19 $94.6 $76.5 $91.0 $110.0 18.0 19.0
More than 5 13 $91.7 $80.0 $87.5 $100.0 11 $9.0 $5.1 $10.0 $12.0 7 12.4% 10.0% 13 $99.4 $86.0 $92.0 $110.0 20.8 19.0
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
© 2011 Risk and Insurance Management Society, Inc. (RIMS) V - 27 US Data
2011 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)
Energy 7 $91.9 -- $90.5 -- 6 $10.3 -- $10.5 -- 5 7.4% 9.0% 7 $100.7 -- $104.1 -- 17.7 24.0
Government 14 $78.8 $60.0 $75.5 $96.4 0 -- -- -- -- 0 -- -- 14 $78.8 $60.0 $75.5 $96.4 17.1 18.5
Healthcare 9 $92.2 -- $90.0 -- 3 -- -- -- -- 2 -- -- 9 $95.9 -- $90.0 -- 11.4 10.0
Mfg - Durable (includes Aerospace,
Computer/Office Equipment, Electronics)8 $95.3 -- $92.5 -- 8 $12.2 -- $11.0 -- 4 -- -- 8 $107.5 -- $108.0 -- 11.0 13.5
Not-for-Profit 10 $85.5 $71.9 $76.3 $90.0 1 -- -- -- -- 2 -- -- 10 $86.5 $71.9 $76.3 $90.0 16.4 13.0
Real Estate 9 $68.4 -- $63.0 -- 7 $8.9 -- $7.5 -- 2 -- -- 9 $75.4 -- $65.5 -- 11.1 11.0
Retail 10 $85.1 $69.0 $82.5 $96.8 8 $13.6 -- $15.0 -- 3 -- -- 10 $96.0 $80.0 $97.5 $103.0 13.2 9.0
Service 6 $81.5 -- $77.5 -- 3 -- -- -- -- 2 -- -- 6 $85.2 -- $83.8 -- 13.5 17.0
Transportation 11 $91.2 $79.0 $87.5 $99.0 8 $19.5 -- $10.5 -- 2 -- -- 11 $105.4 $84.5 $92.0 $125.0 18.1 19.0
Utilities 5 $82.4 -- $76.0 -- 3 -- -- -- -- 3 -- -- 5 $88.9 -- $76.0 -- 22.2 20.0
Other 6 $78.9 -- $79.3 -- 5 $5.9 -- $3.5 -- 2 -- -- 6 $83.9 -- $84.5 -- 11.7 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 7 $89.1 -- $90.0 -- 4 -- -- -- -- 2 -- -- 7 $97.7 -- $90.0 -- 12.9 12.0
Mid Atlantic Region 17 $85.8 $75.0 $85.0 $98.0 9 $11.9 -- $11.0 -- 4 -- -- 17 $92.1 $80.0 $88.0 $102.7 16.6 17.0
South East Region 14 $76.4 $59.5 $75.0 $83.0 8 $12.6 -- $13.0 -- 5 14.6% 15.0% 14 $83.7 $59.5 $78.3 $99.0 10.8 5.5
Mississippi Valley Region 28 $85.0 $72.0 $80.0 $100.5 18 $11.1 $3.5 $10.0 $16.2 9 20.2% 9.0% 28 $92.1 $73.8 $85.5 $113.5 15.1 15.0
Mountain Region 33 $80.1 $67.0 $83.0 $90.5 23 $11.4 $5.0 $7.5 $14.0 13 17.3% 10.0% 33 $88.0 $70.4 $92.0 $100.0 17.0 19.0
Western Region 17 $88.5 $75.0 $82.5 $97.5 8 $11.4 -- $11.0 -- 1 -- -- 17 $93.8 $75.0 $94.0 $100.0 15.8 11.0
Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt
© 2011 Risk and Insurance Management Society, Inc. (RIMS) V - 28 US Data
2011 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 10 $90.6 $70.0 $92.0 $97.5 5 $10.6 -- $12.0 -- 1 -- -- 10 $95.9 $70.0 $95.5 $103.0 13.5 12.5
FL 8 $62.9 -- $61.3 -- 2 -- -- -- -- 1 -- -- 8 $64.5 -- $66.3 -- 8.9 5.0
IL 15 $89.0 $72.0 $90.6 $103.0 10 $15.0 $10.0 $15.1 $23.0 5 10.0% 8.0% 15 $99.0 $75.0 $107.6 $125.0 13.3 12.0
MN 6 $86.6 -- $86.5 -- 4 -- -- -- -- 3 -- -- 6 $92.1 -- $91.8 -- 18.0 20.0
PA 6 $84.6 -- $78.0 -- 3 -- -- -- -- 1 -- -- 6 $88.7 -- $78.8 -- 16.7 17.5
TX 21 $83.0 $70.4 $85.0 $92.0 16 $9.3 $5.9 $7.8 $14.5 10 19.8% 10.0% 21 $90.1 $73.7 $94.5 $100.0 18.0 19.5
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)
Chicago-Gary-Kenosha, IL-IN-WI 13 $92.0 $75.0 $100.0 $103.0 9 $14.7 -- $14.0 -- 5 10.0% 8.0% 13 $102.2 $78.3 $110.0 $125.0 13.4 12.0
Dallas-Fort Worth, TX 7 $81.0 -- $85.0 -- 4 -- -- -- -- 3 -- -- 7 $85.8 -- $98.0 -- 15.0 11.0
Houston-Galveston-Brazoria, TX 11 $85.1 $82.0 $85.0 $92.0 10 $10.3 $7.0 $10.5 $15.0 5 10.8% 10.0% 11 $94.5 $92.0 $94.5 $99.0 19.5 24.0
Minneapolis-St. Paul, MN-WI 6 $86.6 -- $86.5 -- 4 -- -- -- -- 3 -- -- 6 $92.1 -- $91.8 -- 18.0 20.0
San Francisco-Oakland-San Jose, CA 5 $100.8 -- $96.4 -- 2 -- -- -- -- 0 -- -- 5 $106.2 -- $96.4 -- 13.8 15.0
Washington-Baltimore, DC-MD-VA-WV 6 $97.8 -- $98.5 -- 2 -- -- -- -- 1 -- -- 6 $104.6 -- $100.4 -- 21.7 24.0
Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt
© 2011 Risk and Insurance Management Society, Inc. (RIMS) V - 29 US Data
2011 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 49.1% Yes 26.7%
Female 50.0% No 73.3%
Did Not Indicate 0.9% Did Not Indicate 0.0%
High School/Associate Degree 14.7% Incentive Stock Options (ISOs) 0.0%
Bachelors 62.1% Non-Qualified Stock Options (NQSOs) 0.0%
MA/MS 1.7% Restricted Stock 0.0%
MBA 10.3% Stock Appreciation Rights (SARs) 0.0%
JD 5.2% Performance Shares 0.0%
MD 0.0% Performance Units 0.0%
Ph.D 0.0% Long-Term Cash 0.0%
Other 6.0% None of the Above Received 0.0%
* Only includes those eligible for LTI
Parent 70.7% Yes 49.1%
Division 12.9% No 50.9%
Subsidiary 7.8%
Single Location 6.9%
Other 1.7%
Degree Type of Long-term Incentives Received*
Type of Organization Where Employed Supervise Individuals
Gender Long-Term Incentive Eligible
© 2011 Risk and Insurance Management Society, Inc. (RIMS) V - 30 US Data
2011 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 29 $91.6 $69.0 $94.8 $104.0 16 $8.9 $3.5 $6.6 $11.7 12 10.2% 10.0% 29 $96.5 $72.0 $96.0 $106.6 15.0 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 9 $110.5 -- $94.8 -- 8 $11.6 -- $9.8 -- 5 12.8% 12.0% 9 $120.8 -- $106.6 -- 13.6 12.0
Private 11 $85.5 $68.5 $80.0 $100.0 7 $4.1 -- $4.0 -- 6 8.8% 10.0% 11 $88.1 $69.0 $80.7 $106.0 17.2 15.0
Government 6 $71.2 -- $64.0 -- 0 -- -- -- -- 1 -- -- 6 $71.2 -- $64.0 -- 15.3 12.5
Not-for-Profit 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 $72.1 -- $72.0 -- 0 -- -- -- -- 1 -- -- 5 $72.1 -- $72.0 -- 12.0 10.0
$100 - $250 Million 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --
$250 - $500 Million 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --
$500 Million - $1 Billion 7 $90.3 -- $98.0 -- 3 -- -- -- -- 4 -- -- 7 $92.9 -- $98.0 -- 17.4 15.0
$1 - $5 Billion 5 $98.6 -- $94.8 -- 3 -- -- -- -- 2 -- -- 5 $107.5 -- $106.3 -- 9.0 8.0
$5 - $10 Billion 4 -- -- -- -- 4 -- -- -- -- 1 -- -- 4 -- -- -- -- -- --
Greater than $10 Billion 3 -- -- -- -- 2 -- -- -- -- 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 -- -- -- -- 3 -- -- -- -- 2 -- -- 3 -- -- -- -- -- --
Bachelors 15 $96.8 $69.0 $96.0 $130.0 7 $12.7 -- $8.0 -- 5 10.0% 10.0% 15 $102.7 $72.0 $96.0 $150.0 15.2 15.0
MA/MS 6 $75.3 -- $68.5 -- 1 -- -- -- -- 2 -- -- 6 $76.0 -- $70.5 -- 14.3 10.5
MBA 5 $100.4 -- $94.8 -- 5 $7.2 -- $6.0 -- 3 -- -- 5 $107.6 -- $106.6 -- 14.4 8.0
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 8 $70.7 -- $70.5 -- 3 -- -- -- -- 3 -- -- 8 $72.2 -- $72.0 -- 18.3 16.0
1 or Fewer 7 $79.1 -- $75.0 -- 6 $7.6 -- $7.0 -- 6 10.3% 11.5% 7 $85.6 -- $83.0 -- 14.1 12.0
From 1 to 3 4 -- -- -- -- 1 -- -- -- -- 1 -- -- 4 -- -- -- -- -- --
From 3 to 5 6 $93.3 -- $95.4 -- 3 -- -- -- -- 3 -- -- 6 $97.5 -- $97.7 -- 7.8 8.0
More than 5 6 $115.1 -- $111.5 -- 4 -- -- -- -- 1 -- -- 6 $122.2 -- $118.0 -- 12.7 12.5
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
© 2011 Risk and Insurance Management Society, Inc. (RIMS) V - 31 US Data
2011 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)
Government 6 $71.2 -- $64.0 -- 0 -- -- -- -- 1 -- -- 6 $71.2 -- $64.0 -- 15.3 12.5
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 1 -- -- -- -- 1 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
Mid Atlantic Region 3 -- -- -- -- 2 -- -- -- -- 1 -- -- 3 -- -- -- -- -- --
South East Region 7 $85.9 -- $72.0 -- 4 -- -- -- -- 2 -- -- 7 $89.0 -- $79.2 -- 13.3 15.0
Mississippi Valley Region 5 $81.8 -- $79.2 -- 2 -- -- -- -- 3 -- -- 5 $86.1 -- $80.7 -- 18.2 18.0
Mountain Region 6 $84.3 -- $84.9 -- 4 -- -- -- -- 5 10.2% 12.0% 6 $90.0 -- $91.5 -- 15.0 11.0
Western Region 7 $110.1 -- $104.0 -- 3 -- -- -- -- 1 -- -- 7 $117.8 -- $104.0 -- 12.3 12.0
Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt
© 2011 Risk and Insurance Management Society, Inc. (RIMS) V - 32 US Data
2011 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 86.2% Yes 20.7%
Female 13.8% No 79.3%
Did Not Indicate 0.0% Did Not Indicate 0.0%
High School/Associate Degree 10.3% Incentive Stock Options (ISOs) 0.0%
Bachelors 51.7% Non-Qualified Stock Options (NQSOs) 33.3%
MA/MS 20.7% Restricted Stock 66.7%
MBA 17.2% 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 16.7%
Other 0.0% None of the Above Received 0.0%
* Only includes those eligible for LTI
Parent 69.0% Yes 72.4%
Division 10.3% No 27.6%
Subsidiary 0.0%
Single Location 13.8%
Other 6.9%
Degree Type of Long-term Incentives Received*
Type of Organization Where Employed Supervise Individuals
Gender Long-Term Incentive Eligible
© 2011 Risk and Insurance Management Society, Inc. (RIMS) V - 33 US Data
2011 Risk Management Compensation Survey
This Page Intentionally Blank
© 2011 Risk and Insurance Management Society, Inc. (RIMS) V - 34
2011 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 81 $71.6 $58.4 $70.0 $82.5 47 $5.9 $2.0 $3.0 $9.0 19 15.6% 10.0% 81 $75.0 $60.0 $70.0 $85.0 9.7 7.0
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 36 $66.8 $57.0 $65.4 $73.3 28 $6.0 $2.3 $3.6 $9.0 12 9.8% 10.0% 36 $71.5 $59.7 $67.8 $79.3 8.5 6.0
Private 21 $74.6 $60.0 $76.0 $87.0 12 $6.5 $2.0 $4.0 $10.0 6 13.2% 12.5% 21 $78.3 $60.0 $78.0 $90.0 11.4 12.5
Government 10 $80.5 $64.6 $73.0 $85.0 1 -- -- -- -- 0 -- -- 10 $80.8 $64.6 $73.0 $85.0 12.9 14.5
Not-for-Profit 12 $71.7 $63.0 $72.0 $79.0 4 -- -- -- -- 1 -- -- 12 $72.2 $63.5 $72.5 $79.0 7.2 7.5
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 -- -- -- -- 1 -- -- -- -- 0 -- -- 4 -- -- -- -- -- --
$100 - $250 Million 5 $74.5 -- $82.0 -- 2 -- -- -- -- 1 -- -- 5 $76.1 -- $82.0 -- 8.3 3.0
$250 - $500 Million 5 $67.2 -- $61.0 -- 4 -- -- -- -- 0 -- -- 5 $68.5 -- $62.0 -- 13.9 14.0
$500 Million - $1 Billion 5 $63.8 -- $62.0 -- 3 -- -- -- -- 1 -- -- 5 $67.2 -- $62.0 -- 8.9 5.0
$1 - $5 Billion 19 $73.0 $56.0 $67.0 $90.0 13 $4.7 $1.5 $3.0 $4.0 1 -- -- 19 $76.2 $60.0 $68.0 $90.0 9.2 7.0
$5 - $10 Billion 11 $72.0 $62.5 $65.7 $75.0 7 $6.5 -- $5.0 -- 4 -- -- 11 $76.2 $63.0 $68.0 $89.0 8.1 6.0
Greater than $10 Billion 13 $78.4 $70.0 $76.0 $88.0 9 $10.2 -- $8.0 -- 6 10.8% 11.0% 13 $85.4 $70.0 $76.0 $99.2 10.5 6.5
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 9 $65.3 -- $61.0 -- 4 -- -- -- -- 2 -- -- 9 $66.9 -- $63.0 -- 13.4 13.0
Bachelors 50 $69.7 $57.0 $65.9 $76.0 29 $5.8 $2.5 $3.0 $8.0 9 19.9% 10.0% 50 $73.0 $60.0 $68.0 $82.0 8.8 7.0
MA/MS 5 $84.4 -- $85.0 -- 5 $3.5 -- $3.0 -- 1 -- -- 5 $87.9 -- $86.5 -- 16.9 15.0
MBA 13 $79.7 $72.0 $80.0 $87.5 8 $7.9 -- $8.3 -- 5 13.0% 12.0% 13 $84.6 $72.0 $83.3 $92.0 8.9 7.0
JD 2 -- -- -- -- 1 -- -- -- -- 2 -- -- 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 66 $69.9 $57.0 $65.9 $79.0 42 $6.2 $2.0 $3.0 $9.0 18 15.9% 10.0% 66 $73.8 $59.4 $68.0 $83.1 8.9 7.0
1 or Fewer 7 $75.3 -- $82.0 -- 3 -- -- -- -- 0 -- -- 7 $77.1 -- $82.0 -- 11.9 6.5
From 1 to 3 6 $82.6 -- $78.8 -- 1 -- -- -- -- 0 -- -- 6 $82.7 -- $79.2 -- 15.9 17.5
From 3 to 5 13 $77.7 $66.0 $78.0 $87.5 7 $8.0 -- $8.7 -- 4 -- -- 13 $82.0 $68.0 $78.0 $95.7 11.3 9.0
More than 5 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
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
© 2011 Risk and Insurance Management Society, Inc. (RIMS) V - 35 US Data
2011 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)
Education 8 $71.9 -- $71.5 -- 1 -- -- -- -- 1 -- -- 8 $73.6 -- $71.5 -- 9.8 8.0
Energy 9 $77.1 -- $67.0 -- 7 $9.5 -- $9.0 -- 2 -- -- 9 $84.5 -- $68.0 -- 8.8 7.0
Government 10 $80.5 $64.6 $73.0 $85.0 1 -- -- -- -- 0 -- -- 10 $80.8 $64.6 $73.0 $85.0 12.9 14.5
Insurance 6 $80.4 -- $84.8 -- 4 -- -- -- -- 1 -- -- 6 $85.5 -- $86.7 -- 10.2 12.0
Mfg - Durable (includes Aerospace,
Computer/Office Equipment, Electronics)6 $69.2 -- $71.0 -- 6 $4.3 -- $2.8 -- 2 -- -- 6 $73.5 -- $73.8 -- 5.7 5.0
Not-for-Profit 12 $71.7 $63.0 $72.0 $79.0 4 -- -- -- -- 1 -- -- 12 $72.2 $63.5 $72.5 $79.0 7.2 7.5
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 3 -- -- -- -- 3 -- -- -- -- 1 -- -- 3 -- -- -- -- -- --
Mid Atlantic Region 16 $74.2 $61.8 $71.3 $84.5 11 $4.7 $1.5 $2.0 $8.0 2 -- -- 16 $77.5 $62.8 $73.0 $88.3 10.2 8.8
South East Region 4 -- -- -- -- 1 -- -- -- -- 1 -- -- 4 -- -- -- -- -- --
Mississippi Valley Region 21 $67.5 $58.0 $65.0 $79.0 11 $6.5 $3.0 $4.0 $11.2 8 9.1% 9.0% 21 $70.9 $60.0 $65.0 $83.1 9.6 7.0
Mountain Region 17 $67.0 $55.0 $60.0 $74.0 11 $7.0 $2.5 $2.9 $12.0 4 -- -- 17 $71.5 $57.2 $65.8 $82.0 10.4 11.0
Western Region 20 $75.9 $65.0 $72.0 $81.5 10 $4.7 $1.6 $3.0 $5.0 3 -- -- 20 $78.2 $65.9 $72.5 $81.5 9.5 8.0
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 8 $76.1 -- $69.0 -- 6 $5.4 -- $2.3 -- 2 -- -- 8 $80.1 -- $69.8 -- 8.1 6.5
OR 6 $83.1 -- $75.5 -- 1 -- -- -- -- 0 -- -- 6 $83.6 -- $75.5 -- 9.8 10.5
PA 10 $73.4 $61.0 $70.0 $84.0 6 $5.8 -- $3.0 -- 1 -- -- 10 $76.8 $62.5 $71.0 $86.5 9.1 5.8
TX 8 $70.4 -- $68.3 -- 4 -- -- -- -- 1 -- -- 8 $75.9 -- $70.3 -- 10.3 11.0
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)
Houston-Galveston-Brazoria, TX 5 $72.6 -- $67.0 -- 3 -- -- -- -- 1 -- -- 5 $80.8 -- $82.0 -- 10.8 11.0
Philadelphia-Wilmington-Atlantic City, PA-NJ-DE-
MD6 $76.0 -- $73.0 -- 3 -- -- -- -- 0 -- -- 6 $79.8 -- $73.0 -- 8.8 8.8
Portland-Salem, OR-WA 6 $83.1 -- $75.5 -- 1 -- -- -- -- 0 -- -- 6 $83.6 -- $75.5 -- 9.8 10.5
Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt
© 2011 Risk and Insurance Management Society, Inc. (RIMS) V - 36 US Data
2011 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 42.0% Yes 16.0%
Female 50.6% No 84.0%
Did Not Indicate 7.4% Did Not Indicate 0.0%
High School/Associate Degree 11.1% Incentive Stock Options (ISOs) 38.5%
Bachelors 61.7% Non-Qualified Stock Options (NQSOs) 0.0%
MA/MS 6.2% Restricted Stock 23.1%
MBA 16.0% Stock Appreciation Rights (SARs) 0.0%
JD 2.5% Performance Shares 7.7%
MD 0.0% Performance Units 0.0%
Ph.D 1.2% Long-Term Cash 15.4%
Other 1.2% None of the Above Received 23.1%
* Only includes those eligible for LTI
Parent 69.1% Yes 18.5%
Division 7.4% No 81.5%
Subsidiary 4.9%
Single Location 8.6%
Other 9.9%
Degree Type of Long-term Incentives Received*
Type of Organization Where Employed Supervise Individuals
Gender Long-Term Incentive Eligible
© 2011 Risk and Insurance Management Society, Inc. (RIMS) V - 37 US Data
2011 Risk Management Compensation Survey
This Page Intentionally Blank
© 2011 Risk and Insurance Management Society, Inc. (RIMS) V - 38
2011 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 175 $66.4 $55.0 $65.0 $76.0 102 $5.9 $2.4 $3.9 $6.5 45 14.5% 10.0% 175 $69.8 $56.2 $66.4 $81.0 10.0 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 93 $67.5 $56.0 $65.0 $76.5 61 $5.5 $3.0 $4.0 $6.5 30 16.4% 10.0% 93 $71.1 $57.0 $67.5 $80.0 9.4 7.0
Private 49 $66.4 $55.0 $65.0 $75.0 34 $7.2 $2.0 $3.7 $7.4 13 11.0% 10.0% 49 $71.4 $57.0 $68.0 $82.4 9.2 8.0
Government 10 $66.2 $60.0 $65.0 $72.0 0 -- -- -- -- 1 -- -- 10 $66.2 $60.0 $65.0 $72.0 15.9 18.5
Not-for-Profit 17 $59.1 $45.0 $60.0 $66.0 4 -- -- -- -- 1 -- -- 17 $60.0 $45.0 $60.9 $68.4 12.5 14.0
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 13 $64.6 $56.1 $65.0 $73.0 5 $6.4 -- $5.0 -- 1 -- -- 13 $67.0 $57.0 $65.0 $82.5 13.8 10.0
$100 - $250 Million 3 -- -- -- -- 2 -- -- -- -- 0 -- -- 3 -- -- -- -- -- --
$250 - $500 Million 6 $71.0 -- $77.2 -- 4 -- -- -- -- 3 -- -- 6 $74.9 -- $84.7 -- 9.3 9.0
$500 Million - $1 Billion 17 $63.6 $60.0 $61.0 $65.0 11 $6.0 $2.5 $4.0 $8.0 6 9.5% 7.5% 17 $67.5 $61.0 $64.0 $70.0 8.8 5.0
$1 - $5 Billion 54 $66.8 $55.0 $65.0 $75.0 35 $4.1 $1.5 $3.1 $4.1 13 18.8% 10.0% 54 $69.5 $56.0 $68.1 $81.4 9.6 8.0
$5 - $10 Billion 25 $70.4 $60.0 $69.0 $80.0 15 $9.7 $3.0 $4.7 $10.0 7 9.3% 10.0% 25 $76.3 $60.9 $70.0 $89.0 10.3 7.0
Greater than $10 Billion 29 $72.9 $56.6 $70.0 $83.0 21 $7.3 $4.0 $5.0 $9.0 11 17.1% 10.0% 29 $78.2 $60.8 $72.5 $89.0 9.6 8.0
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 22 $64.3 $57.0 $64.0 $71.0 14 $3.3 $2.0 $3.0 $4.5 2 -- -- 22 $66.4 $60.2 $67.2 $73.0 13.2 10.5
Bachelors 107 $65.2 $53.0 $62.0 $75.0 60 $6.6 $2.1 $3.8 $7.7 26 13.1% 10.0% 107 $69.0 $54.3 $63.5 $78.0 8.4 7.0
MA/MS 12 $69.6 $64.0 $71.0 $79.5 8 $3.3 -- $2.5 -- 6 29.2% 11.0% 12 $71.8 $69.0 $72.3 $79.5 13.3 13.0
MBA 24 $72.1 $61.5 $70.0 $81.3 15 $6.5 $3.9 $5.0 $8.0 9 10.4% 10.0% 24 $76.1 $63.0 $73.7 $87.0 10.5 9.5
JD 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 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 158 $65.9 $54.3 $64.5 $75.0 97 $5.9 $2.4 $3.8 $6.1 42 14.9% 10.0% 158 $69.5 $55.0 $65.9 $81.4 9.9 7.5
1 or Fewer 8 $66.5 -- $66.1 -- 2 -- -- -- -- 1 -- -- 8 $67.2 -- $67.0 -- 13.0 11.0
From 1 to 3 8 $75.9 -- $79.0 -- 3 -- -- -- -- 2 -- -- 8 $79.0 -- $79.0 -- 9.6 9.5
From 3 to 5 34 $66.3 $56.6 $64.5 $70.5 24 $4.8 $2.5 $3.5 $6.1 8 20.8% 10.0% 34 $69.7 $60.8 $68.0 $73.5 8.5 6.0
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
© 2011 Risk and Insurance Management Society, Inc. (RIMS) V - 39 US Data
2011 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)
Chemical/Pharmaceutical/Biotechnology 11 $89.1 $70.0 $87.5 $110.0 9 $10.2 -- $12.0 -- 5 8.8% 6.0% 11 $97.4 $72.5 $92.0 $129.0 12.5 10.0
Construction/Engineering/Architectural 8 $66.2 -- $67.5 -- 4 -- -- -- -- 2 -- -- 8 $69.2 -- $67.5 -- 8.3 10.0
Education 6 $60.2 -- $62.6 -- 1 -- -- -- -- 1 -- -- 6 $60.6 -- $62.6 -- 14.2 10.0
Energy 9 $66.7 -- $60.0 -- 8 $7.9 -- $4.8 -- 5 12.0% 12.0% 9 $73.7 -- $64.0 -- 12.0 12.0
Finance/Banking 8 $63.7 -- $63.5 -- 7 $5.7 -- $4.8 -- 4 -- -- 8 $68.6 -- $69.4 -- 12.0 12.0
Government 10 $66.2 $60.0 $65.0 $72.0 0 -- -- -- -- 1 -- -- 10 $66.2 $60.0 $65.0 $72.0 15.9 18.5
Healthcare 7 $60.4 -- $60.9 -- 3 -- -- -- -- 0 -- -- 7 $62.3 -- $60.9 -- 9.1 5.0
Insurance 14 $61.4 $53.0 $58.0 $70.0 10 $4.0 $2.2 $3.9 $5.0 1 -- -- 14 $64.2 $54.9 $61.1 $75.0 5.8 4.0
Mfg - Durable (includes Aerospace,
Computer/Office Equipment, Electronics)17 $64.4 $53.5 $65.0 $71.0 13 $3.5 $1.0 $3.2 $5.0 3 -- -- 17 $67.1 $56.7 $66.4 $75.0 13.4 11.0
Mfg - Nondurable (includes Food, Paper & Allied
Products)8 $62.3 -- $59.0 -- 2 -- -- -- -- 0 -- -- 8 $62.6 -- $59.9 -- 6.1 7.0
Not-for-Profit 17 $59.1 $45.0 $60.0 $66.0 4 -- -- -- -- 1 -- -- 17 $60.0 $45.0 $60.9 $68.4 12.5 14.0
Real Estate 5 $65.4 -- $60.0 -- 4 -- -- -- -- 2 -- -- 5 $71.7 -- $66.0 -- 7.4 6.0
Retail 8 $71.2 -- $71.8 -- 3 -- -- -- -- 2 -- -- 8 $72.5 -- $74.1 -- 10.6 11.0
Transportation 8 $64.2 -- $58.0 -- 3 -- -- -- -- 3 -- -- 8 $67.2 -- $61.0 -- 7.8 5.3
Utilities 16 $67.0 $54.5 $63.0 $81.5 12 $4.4 $2.5 $3.0 $6.1 5 26.8% 10.0% 16 $70.3 $57.3 $65.7 $84.5 11.8 10.0
Other 6 $72.0 -- $76.0 -- 3 -- -- -- -- 0 -- -- 6 $72.8 -- $77.0 -- 8.9 7.5
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 22 $70.0 $64.0 $67.5 $80.0 16 $4.8 $3.3 $4.8 $6.1 5 10.0% 10.0% 22 $73.5 $65.8 $70.1 $86.0 9.8 7.5
Mid Atlantic Region 25 $64.0 $55.0 $63.0 $73.8 13 $4.2 $2.5 $3.9 $4.8 5 7.8% 8.0% 25 $66.2 $57.5 $65.0 $74.6 9.2 8.0
South East Region 20 $59.3 $52.1 $56.1 $64.0 10 $3.8 $2.2 $3.4 $5.0 5 25.8% 8.0% 20 $61.2 $54.1 $58.4 $64.0 9.0 9.5
Mississippi Valley Region 48 $63.6 $53.0 $60.5 $70.5 25 $3.9 $1.2 $3.2 $4.7 12 18.7% 10.0% 48 $65.6 $53.9 $61.5 $72.3 10.0 7.5
Mountain Region 28 $69.9 $60.3 $69.0 $77.5 19 $10.3 $3.0 $4.5 $12.0 9 14.1% 15.0% 28 $76.9 $62.5 $71.8 $83.7 11.2 10.0
Western Region 32 $71.6 $60.5 $70.0 $83.3 19 $7.1 $1.5 $4.0 $15.0 9 9.1% 8.0% 32 $75.9 $61.9 $71.0 $86.5 10.3 7.0
Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt
© 2011 Risk and Insurance Management Society, Inc. (RIMS) V - 40 US Data
2011 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 16 $75.1 $61.0 $71.0 $84.9 9 $8.7 -- $5.0 -- 5 7.4% 7.0% 16 $80.0 $62.5 $72.3 $93.7 10.3 7.0
FL 9 $61.2 -- $60.0 -- 3 -- -- -- -- 1 -- -- 9 $62.2 -- $62.2 -- 10.1 10.0
GA 5 $59.8 -- $56.1 -- 4 -- -- -- -- 2 -- -- 5 $63.1 -- $56.1 -- 5.5 5.0
IL 15 $62.7 $50.0 $56.0 $70.0 5 $3.1 -- $3.0 -- 5 9.0% 10.0% 15 $63.7 $50.0 $56.0 $71.5 10.6 6.0
MI 11 $70.5 $56.0 $62.5 $89.0 8 $3.5 -- $2.3 -- 3 -- -- 11 $73.0 $59.5 $63.2 $89.0 6.8 7.0
NC 9 $64.4 -- $58.1 -- 7 $5.1 -- $3.9 -- 3 -- -- 9 $68.4 -- $62.0 -- 12.6 10.0
NJ 9 $72.4 -- $72.9 -- 6 $5.1 -- $4.3 -- 1 -- -- 9 $75.8 -- $72.9 -- 12.6 10.0
NY 9 $67.4 -- $65.0 -- 7 $4.6 -- $4.5 -- 4 -- -- 9 $71.0 -- $70.0 -- 6.6 5.0
OH 9 $58.6 -- $56.6 -- 5 $4.8 -- $3.8 -- 3 -- -- 9 $61.3 -- $60.8 -- 11.4 10.0
PA 10 $65.4 $56.0 $66.5 $70.0 4 -- -- -- -- 1 -- -- 10 $66.7 $60.0 $66.5 $72.8 7.9 6.5
TX 20 $74.8 $65.0 $72.3 $79.2 15 $8.0 $3.1 $5.0 $12.0 7 15.3% 15.0% 20 $80.7 $66.6 $76.3 $85.7 13.0 12.5
WI 5 $55.2 -- $54.0 -- 2 -- -- -- -- 0 -- -- 5 $56.0 -- $54.0 -- 6.9 3.5
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 $59.8 -- $56.1 -- 4 -- -- -- -- 2 -- -- 5 $63.1 -- $56.1 -- 5.5 5.0
Chicago-Gary-Kenosha, IL-IN-WI 12 $65.8 $52.2 $62.0 $75.1 4 -- -- -- -- 5 9.0% 10.0% 12 $67.0 $52.2 $66.0 $76.5 11.3 6.5
Cleveland-Akron, OH 5 $49.1 -- $50.0 -- 3 -- -- -- -- 2 -- -- 5 $51.4 -- $53.7 -- 8.8 10.0
Dallas-Fort Worth, TX 6 $62.8 -- $63.5 -- 4 -- -- -- -- 2 -- -- 6 $65.9 -- $66.0 -- 15.4 15.0
Detroit-Ann Arbor-Flint, MI 9 $68.9 -- $62.5 -- 6 $2.1 -- $1.5 -- 2 -- -- 9 $70.3 -- $63.2 -- 6.0 6.0
Houston-Galveston-Brazoria, TX 12 $80.5 $67.5 $77.5 $90.0 11 $9.1 $3.1 $5.5 $14.0 5 16.0% 15.0% 12 $88.9 $72.5 $83.7 $99.8 11.4 11.0
Los Angeles-Riverside-Orange County, CA 8 $66.4 -- $70.0 -- 4 -- -- -- -- 3 -- -- 8 $67.3 -- $71.0 -- 12.3 7.0
New York-Northern New Jersey-Long Island, NY-
NJ-CT-PA18 $69.9 $64.0 $67.5 $80.0 13 $4.9 $3.5 $4.5 $6.0 5 10.0% 10.0% 18 $73.4 $65.8 $70.1 $86.0 9.6 7.5
Philadelphia-Wilmington-Atlantic City, PA-NJ-DE-
MD10 $63.5 $56.0 $64.0 $68.0 5 $3.8 -- $4.0 -- 2 -- -- 10 $65.4 $60.0 $65.5 $70.0 8.2 7.0
Raleigh-Durham-Chapel Hill, NC 6 $65.9 -- $64.3 -- 5 $4.5 -- $3.9 -- 3 -- -- 6 $69.6 -- $68.3 -- 13.0 12.5
San Francisco-Oakland-San Jose, CA 7 $84.0 -- $84.9 -- 4 -- -- -- -- 2 -- -- 7 $92.0 -- $89.9 -- 7.8 6.0
Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt
© 2011 Risk and Insurance Management Society, Inc. (RIMS) V - 41 US Data
2011 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 27.4% Yes 11.4%
Female 71.4% No 88.6%
Did Not Indicate 1.1% Did Not Indicate 0.0%
High School/Associate Degree 12.6% Incentive Stock Options (ISOs) 25.0%
Bachelors 61.1% Non-Qualified Stock Options (NQSOs) 5.0%
MA/MS 6.9% Restricted Stock 30.0%
MBA 13.7% Stock Appreciation Rights (SARs) 15.0%
JD 0.6% Performance Shares 10.0%
MD 0.0% Performance Units 0.0%
Ph.D 0.0% Long-Term Cash 5.0%
Other 5.1% None of the Above Received 25.0%
* Only includes those eligible for LTI
Parent 74.3% Yes 9.7%
Division 9.1% No 90.3%
Subsidiary 8.0%
Single Location 4.0%
Other 4.6%
Degree Type of Long-term Incentives Received*
Type of Organization Where Employed Supervise Individuals
Gender Long-Term Incentive Eligible
© 2011 Risk and Insurance Management Society, Inc. (RIMS) V - 42 US Data
2011 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 23 $55.3 $45.0 $54.0 $66.0 9 $2.9 -- $2.5 -- 3 -- -- 23 $56.4 $47.0 $54.0 $69.0 7.9 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 12 $56.6 $42.5 $56.0 $68.0 6 $2.7 -- $2.3 -- 1 -- -- 12 $58.0 $43.5 $58.5 $70.1 9.7 5.5
Private 3 -- -- -- -- 3 -- -- -- -- 0 -- -- 3 -- -- -- -- -- --
Government 3 -- -- -- -- 0 -- -- -- -- 1 -- -- 3 -- -- -- -- -- --
Not-for-Profit 5 $53.5 -- $50.0 -- 0 -- -- -- -- 1 -- -- 5 $53.5 -- $50.0 -- 4.1 4.0
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 -- -- -- -- 1 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --
$100 - $250 Million 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
$250 - $500 Million 1 -- -- -- -- 1 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
$500 Million - $1 Billion 3 -- -- -- -- 1 -- -- -- -- 0 -- -- 3 -- -- -- -- -- --
$1 - $5 Billion 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
$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 9 $48.9 -- $45.0 -- 2 -- -- -- -- 1 -- -- 9 $49.5 -- $49.0 -- 8.6 6.0
Bachelors 11 $58.3 $50.0 $58.0 $70.0 6 $2.6 -- $2.2 -- 1 -- -- 11 $59.7 $50.0 $59.8 $71.0 8.0 5.0
MA/MS 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
MBA 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
JD 1 -- -- -- -- 0 -- -- -- -- 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 21 $55.2 $45.0 $52.0 $66.0 8 $3.1 -- $2.8 -- 3 -- -- 21 $56.3 $47.0 $52.0 $69.0 7.2 5.0
1 or Fewer 1 -- -- -- -- 1 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
From 1 to 3 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
From 3 to 5 4 -- -- -- -- 2 -- -- -- -- 0 -- -- 4 -- -- -- -- -- --
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
© 2011 Risk and Insurance Management Society, Inc. (RIMS) V - 43 US Data
2011 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)
Not-for-Profit 5 $53.5 -- $50.0 -- 0 -- -- -- -- 1 -- -- 5 $53.5 -- $50.0 -- 4.1 4.0
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 2 -- -- -- -- 0 -- -- -- -- 1 -- -- 2 -- -- -- -- -- --
Mid Atlantic Region 5 $61.1 -- $69.0 -- 3 -- -- -- -- 1 -- -- 5 $62.6 -- $69.0 -- 4.6 5.0
South East Region 2 -- -- -- -- 0 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --
Mississippi Valley Region 5 $58.0 -- $52.0 -- 3 -- -- -- -- 0 -- -- 5 $59.5 -- $52.0 -- 4.4 3.0
Mountain Region 5 $48.8 -- $50.0 -- 1 -- -- -- -- 1 -- -- 5 $49.9 -- $50.0 -- 8.0 5.0
Western Region 4 -- -- -- -- 2 -- -- -- -- 0 -- -- 4 -- -- -- -- -- --
Respondent Characteristics
Male 21.7% Yes 13.0%
Female 78.3% No 87.0%
Did Not Indicate 0.0% Did Not Indicate 0.0%
High School/Associate Degree 39.1% Incentive Stock Options (ISOs) 66.7%
Bachelors 47.8% Non-Qualified Stock Options (NQSOs) 0.0%
MA/MS 4.3% Restricted Stock 0.0%
MBA 0.0% Stock Appreciation Rights (SARs) 0.0%
JD 4.3% Performance Shares 0.0%
MD 0.0% Performance Units 0.0%
Ph.D 0.0% Long-Term Cash 0.0%
Other 4.3% None of the Above Received 33.3%
* Only includes those eligible for LTI
Parent 39.1% Yes 8.7%
Division 17.4% No 91.3%
Subsidiary 17.4%
Single Location 13.0%
Other 13.0%
Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt
Degree Type of Long-term Incentives Received*
Type of Organization Where Employed Supervise Individuals
Gender Long-Term Incentive Eligible
© 2011 Risk and Insurance Management Society, Inc. (RIMS) V - 44 US Data
2011 Risk Management Compensation Survey
© 2011 Risk and Insurance Management Society, Inc. (RIMS) VI - 1 Canadian Participant List
Participant List – Canadian Respondents Respondents from over 256 organizations operating in Canada participated in the 2011 Risk Management Compensation Survey. These organizations include:
3M Canada Company
Agrium Inc.
Agropu Cooperative
Air Canada
Alberta Finance and Enterprise
Alberta Urban Municipalities Assoc.
Alliance Pipeline
Alliance Pipeline Ltd.
AMEC
ArcelorMittal Dofasco
Arctic Glacier Inc.
Associated Engineering
ATCO Power Ltd.
ATCO Structures & Logistics Ltd.
Athabasca University
AUMA
Bank of Montreal
BC Hydro
BC Pavilion Corporation
BCLC
Bell Aliant Inc.
Bell Canada
Bentall Kennedy (Canada) Ltd.
BMO Financial Group
Bombardier Inc.
Bow Valley College
British Columbia Ferry Services Inc.
British Columbia Securities Commission
British Columbia Institute of Technology
Brookfield Asset Management Inc.
Business Development Bank of Canada
CAE Inc.
Calgary Board of Education
Calgary Catholic School District
Canada Post
Canada Post Corporation
Canadian Blood Services
Canadian Broadcasting Corporation
Canadian Energy Company
Canadian Imperial Bank of Commerce
Canadian Natural Resources
Canadian Pacific Railway
Canadian Tire Corporation, Limited
Canadian University
Canfor
Capital Power Corporation
Capital Regional District
Carleton University
Cascades Inc.
Catalyst Paper Corporation
Catholic Religious Self-Insured Retention Program
Celero Solutions
Cenovus Energy Inc.
Central 1 Credit Union
CHC Helicopter S.A.
Chemtrade
City of Brantford
City of Calgary
City of Chilliwack
City of Greater Sudbury
City of Hamilton
City of Kelowna
City of Lethbridge
City of Medicine Hat
City of Ottawa
City of Prince George
City of Red Deer
City of Regina
City of Spruce Grove
City of St. Albert
City of St. John's
City of Surrey
City of Toronto
City of Vancouver
City of Winnipeg
Colliers International
Concordia University
Corporation of the City of Brampton
Corporation of the District of North Vancouver
Corporation of the District of Saanich
Credit Union Deposit Guarantee Corporation
CRNNS
CSA Group
CTVglobemedia Inc.
2011 Risk Management Compensation Survey
© 2011 Risk and Insurance Management Society, Inc. (RIMS) VI - 2 Canadian Participant List
Cypress Health Region
Dalhousie University
Desjardins Group
District of North Vancouver
District of West Vancouver
Domtar Corp
Edmonton Police Service
EGIFH
Enbridge Gas Distribution
Enbridge Inc.
EPSB
Export Development Canada
First Calgary Financial
First Canadian Insurance Corporation
First West Credit Union
Flagstone Re
Flint Energy Services Ltd.
Fortis Inc.
Future Electronics Inc.
GCAN Insurance Company
George Weston Limited/Loblaw
Georgian College
Gibson Energy
Gildan
GMM Inc.
Government of Alberta
Government of British Columbia
Government of Ontario
Government of Prince Edward Island (Canada)
Government of the Northwest Territories
Government of Nova Scotia
Gowling Lafleur Henderson LLP
Greater Toronto Airports Authority
Grosvenor Americas
Groupe Cirque du Soleil Inc.
Groupe Promutuel
Habitat for Humanity Canada
Haldimand County
Halifax Regional Municipality
HBC
Healthcare Insurance Reciprocal of Canada (HIROC)
HIROC
HudBay Minerals Inc.
Hudson's Bay Company
Hydro-Quebec
ING Direct Canada
Interlake RHA
Investors Group
IPF
Iridium Risk Services
J.D. Irving, Limited
John Hancock
Klondike Insurance
Law Society of BC
Ledcor Group of Companies
Lilydale Inc.
Linamar Corporation
Liquor Control Board of Ontario
Livingston International
Loblaw Companies Limited
London Health Sciences Centre
Magna International Inc.
MAI
Manitoba Hydro
Manitoba Telecom Services Inc.
Marine Atlantic
McGill University
MDA
MDSPI
Methanex Corporation
Ministry of Finance
Ministry of Finance Risk Management Branch
Ministry of Government Services
Molson Coors Canada
Mondial Assistance Canada
Morguard Investments Limited
Municipality of Crowsnest Pass
Nalcor Energy
Newfoundland & Labrador Centre for Health Information
Nexen inc.
North Vancouver Recreation Commission
Northlands
Northwest Territories Power Corporation
Nova Scotia School Insurance Exchange
On Side Restoration
Ontario Power Generation Inc.
Ontario Realty Corporation
Open Range Energy Corp.
OPG
OSBIE
Oxford Properties Group
PCL Construction Management Inc.
PepsiCo Foods Canada
Propak Systems Ltd.
Province of British Columbia
Province of British Columbia, Risk Management Branch
2011 Risk Management Compensation Survey
© 2011 Risk and Insurance Management Society, Inc. (RIMS) VI - 3 Canadian Participant List
Province of Manitoba
Province of Nova Scotia Insurance & Risk Management
Public Safety and Emergency Preparedness Canada (PSEPC)
Public Safety Canada
Purolator Inc.
Quebecor Inc.
Qus Quebec
Red River College
Redcliff Realty Management Inc.
Region of Durham
Region of Waterloo
Revera Inc.
RioCan Management Inc.
Ritchie Bros. Auctioneers
Rogers Communications
Rosenau Transport Ltd
RSA
RSA Canada
RTL-Westcan Group
Sanofi Pasteur
Sask Housing Corp; Agency of the Ministry of Social Services
Saskatchewan School Boards Association
SilverBirch Hotels & Resorts
Simon Fraser University
SITQ Inc.
SNC-Lavalin
Social Housing Services Corporation
Spectra Energy
St. Joseph Communications
Stantec
Strathcona County
Sun Life Financial
Suncor Energy Inc.
Superheat FGH
Supreme Group
Talisman Energy Inc.
Telesat Canada
TELUS Corporation
The Canadian Depository for Securities Limited
The Co-operators Group Limited
The Corporation of the City of Oshawa
The MEARIE Group
The Regional Municipality of Peel
The Regional Municipality of York
Tonko Realty Advisors Ltd.
Torstar Corporation
TransAlta Corporation
Trent University
Tricor Automotive Group
Ultramar Lte
UMCA of Greater Toronto
Unisource Canada
United Farmers of Alberta Cooperative Limited
University of Alberta
University of British Columbia
University of Calgary
University of Lethbridge
University of New Brunswick
University of Northern BC
University of Ottawa
University of Prince Edward Island
University of Regina
University of Saskatchewan
University of Victoria
Vale
Vancouver International Airport Authority
Vancouver Island Health Authority
Waterloo Region Municipalities Insurance Pool
Western Financial Group
Xstrata
Xstrata Nickel
YMCA of Greater Toronto
YMCA of Western Ontario
York University
Yukon Government
2011 Risk Management Compensation Survey
© 2011 Risk and Insurance Management Society, Inc. (RIMS) VI - 4 Canadian Participant List
2011 Risk Management Compensation Survey
Canadian Participant Demographics
The 2011 Risk Management Compensation Survey contains compensation data for 11 jobs from 284 individual respondents from 256 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.
© 2011 Risk and Insurance Management Society, Inc. (RIMS) VII - 1 Canadian Participant Demographics
2011 Risk Management Compensation Survey
Canadian Participant Demographics
Ownership Type
# of
Resp.
Percent of
Respondents
Publicly Traded 65 22.9%
Private 57 20.1%
Government 98 34.5%
Not-for-Profit 34 12.0%
Other/Not Specified 30 10.6%
Revenue
# of
Resp.
Percent of
Respondents
Less than $100 Million 44 15.5%
$100 - $250
Million30 10.6%
$100 - $250 Million$250 - $500
Million27 9.5%
$250 - $500 Million $500 Million - $1 Billion 32 11.3%
$1 - $5
Billion56 19.7%
$1 - $5 Billion$5 - $10
Billion17 6.0%
$5 - $10 BillionGreater than
$10 Billion31 10.9%
Other/Not Specified 47 16.5%
Ownership Type
Revenue
22.9%
20.1%
34.5%
12.0% 10.6%
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
15.5%
10.6% 9.5%
11.3%
19.7%
6.0%
10.9%
16.5%
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
Less than $100Million
$100 - $250Million
$250 - $500Million
$500 Million - $1Billion
$1 - $5Billion
$5 - $10Billion
Greater than$10 Billion
Other/NotSpecified
Percent of Respondents
© 2011 Risk and Insurance Management Society, Inc. (RIMS) VII - 2 Canadian Participant Demographics
2011 Risk Management Compensation Survey
Canadian Participant Demographics
Organization Type
# of
Resp.
Percent of
Respondents
Parent 165 58.1%
Subsidiary 23 8.1%
Division 31 10.9%
Single Location 34 12.0%
Other 31 10.9%
Canadian Province
# of
Resp.
Percent of
Respondents
AB 67 23.6%
BC 50 17.6%
MB 11 3.9%
NB 2 0.7%
NL 6 2.1%
NS 8 2.8%
NU/NT 2 0.7%
ON 99 34.9%
PE 3 1.1%
QC 23 8.1%
SK 12 4.2%
YT 1 0.4%
Organization Type
Region
58.1%
8.1% 10.9% 12.0% 10.9%
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
23.6%
17.6%
3.9%
0.7% 2.1% 2.8%
0.7%
34.9%
1.1%
8.1%
4.2%
0.4% 0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
30.0%
35.0%
40.0%
AB BC MB NB NL NS NU/NT ON PE QC SK YT
Percent of Respondents
© 2011 Risk and Insurance Management Society, Inc. (RIMS) VII - 3 Canadian Participant Demographics
2011 Risk Management Compensation Survey
Canadian Participant Demographics
Industry
# of
Resp.
Percent of
Respondents
Agriculture 1 0.4%
Chemical/Pharmaceutical/Biotechnology 2 0.7%
Computer Software/Services 1 0.4%
Construction/Engineering/Architectural 11 3.9%
Education 33 11.6%
Energy 19 6.7%
Entertainment & Media 6 2.1%
Finance/Banking 18 6.3%
Government 70 24.6%
Healthcare 7 2.5%
Hospitality 2 0.7%
Insurance 15 5.3%
Mfg - Durable (includes Aerospace,
Computer/Office Equipment, Electronics)4 1.4%
Mfg - Nondurable (includes Food, Paper & Allied
Products)10 3.5%
Mining/Milling/Smelting 1 0.4%
Not-for-Profit 10 3.5%
Real Estate 14 4.9%
Retail 5 1.8%
Service 3 1.1%
Telecommunications 9 3.2%
Transportation 15 5.3%
Utilities 11 3.9%
Wholesale Distribution 1 0.4%
Other 16 5.6%
Industry
0.4%
0.7%
0.4%
3.9%
11.6%
6.7%
2.1%
6.3%
24.6%
2.5%
0.7%
5.3%
1.4%
3.5%
0.4%
3.5%
4.9%
1.8%
1.1%
3.2%
5.3%
3.9%
0.4%
5.6%
0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0%
Agriculture
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…
Mining/Milling/Smelting
Not-for-Profit
Real Estate
Retail
Service
Telecommunications
Transportation
Utilities
Wholesale Distribution
Other
Percent of Respondents
© 2011 Risk and Insurance Management Society, Inc. (RIMS) VII - 4 Canadian Participant Demographics
2011 Risk Management Compensation Survey
Canadian Participant Demographics
# of
Resp.
Percent of
Respondents
Do not have a Top Risk Management Executive 16 5.6%
Finance/CFO/Minister of Finance 109 38.4%
CEO/VP/Board of Directors/President 65 22.9%
Treasury 32 11.3%
Legal/Compliance Officer/Solicitor-
General/Attorney General21 7.4%
Administration/Management
Board/Government Services8 2.8%
COO 4 1.4%
Human Resources/Personnel/Employee Benefits 3 1.1%
Mayor/Governor/Premier 2 0.7%
Other 23 8.1%
Did Not Indicate 1 0.4%
nThe average reported number of employees in the risk management department is 6.07 while the median is 2.25.
Who the Top Risk Management Executive reports to:
Size of Department
5.6%
38.4%
22.9%
11.3%
7.4%
2.8%
1.4%
1.1%
0.7%
8.1%
0.4%
0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% 35.0% 40.0% 45.0%
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
Did Not Indicate
Percent of Respondents
© 2011 Risk and Insurance Management Society, Inc. (RIMS) VII - 5 Canadian Participant Demographics
2011 Risk Management Compensation Survey
Canadian Participant Demographics
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© 2011 Risk and Insurance Management Society, Inc. (RIMS) VII - 6 Canadian Participant Demographics
2011 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
25 $145.7 $121.4 $145.0 $170.0 17 $44.8 $19.5 $40.0 $62.0 10 25.5% 22.5% 25 $176.1 $123.0 $169.8 $210.0 10.8 9.0
Director - Business Continuity/Financial/IT
Risk Management1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --
Director - Enterprise Risk Management
(ERM)/Strategic Risk Management / Risk
Intelligence
31 $113.8 $92.0 $107.0 $140.0 16 $27.7 $8.5 $22.0 $37.0 12 19.9% 17.5% 31 $128.1 $93.5 $120.0 $156.0 11.5 8.0
Director - Insurance and Risk Management 78 $114.6 $96.0 $110.5 $131.0 40 $21.2 $12.0 $17.5 $29.1 25 16.8% 15.0% 78 $125.5 $101.0 $121.3 $144.0 17.1 17.5
Manager - Insurance Management 61 $95.8 $81.0 $90.0 $105.0 33 $15.5 $8.0 $10.0 $20.0 25 17.3% 15.0% 61 $104.2 $86.5 $100.0 $115.5 11.1 8.0
Employee Benefits/Workers Compensation
Claims Manager0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Claims Manager 12 $82.8 $73.5 $83.0 $91.8 5 $9.9 -- $10.0 -- 2 -- -- 12 $86.9 $73.5 $90.0 $101.3 9.1 7.5
Environmental, Health or Safety Manager 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
Risk Management Analyst (Enterprise-Wide) 27 $75.8 $65.0 $75.0 $81.3 9 $9.5 -- $6.5 -- 9 10.8% 10.0% 27 $78.9 $67.7 $76.0 $87.4 6.2 7.0
Risk Management Analyst 42 $69.6 $60.0 $66.5 $75.0 16 $13.0 $5.0 $9.1 $12.5 12 11.3% 10.0% 42 $74.6 $60.0 $69.0 $84.0 6.2 5.0
Claims Analyst 6 $59.0 -- $61.1 -- 2 -- -- -- -- 2 -- -- 6 $59.8 -- $61.1 -- 5.5 3.5
Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt
© 2011 Risk and Insurance Management Society, Inc. (RIMS) VIII - 1 All Jobs Summary - Canada
2011 Risk Management Compensation Survey
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© 2011 Risk and Insurance Management Society, Inc. (RIMS) VIII - 2 All Jobs Summary - Canada
2011 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 Respondents 25 $145.7 $176.1
Publicly Traded 1 -- --
Private 6 $140.9 $177.4
Government 6 $140.7 $155.3
Not-for-Profit 4 -- --
Revenue
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 25 $145.7 $176.1
Less than $100
Million5 $141.7 $155.1
$100 - $250 Million$100 - $250
Million10 $146.7 $181.7
$250 - $500 Million$250 - $500
Million2 -- --
$500 Million - $1 Billion 2 -- --
$1 - $5 Billion$1 - $5
Billion3 -- --
$5 - $10 Billion$5 - $10
Billion-- -- --
Greater than
$10 Billion-- -- --
Average Compensation by Ownership Type
Average Compensation by Revenue
$1
45
.7
$0
.0
$1
40
.9
$1
40
.7
$0
.0
$1
76
.1
$0
.0
$1
77
.4
$1
55
.3
$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
Average Base Salary ($000s) Average Total Comp ($000s)
$1
45
.7
$1
41
.7
$1
46
.7
$0
.0
$0
.0
$0
.0
$0
.0
$0
.0
$1
76
.1
$1
55
.1 $
18
1.7
$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
$200.0
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)
© 2011 Risk and Insurance Management Society, Inc. (RIMS) VIII - 3 Canadian Data
2011 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 25 $145.7 $176.1
HS/Associate 4 -- --
Bachelors 7 $151.5 $196.9
MA/MS 3 -- --
MBA 5 $143.7 $156.1
JD 1 -- --
Supervisory Responsibility
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 25 $145.7 $176.1
No 1 -- --
1 or Fewer 1 -- --
From 1 to 3 9 $138.9 $164.4
From 3 to 5 2 -- --
More than 5 11 $147.4 $185.7
Average Compensation by Degree
Average Compensation by Supervisory Responsibility
$1
45
.7
$0
.0
$1
51
.5
$0
.0
$1
43
.7
$0
.0
$1
76
.1
$0
.0
$1
96
.9
$0
.0
$1
56
.1
$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
45
.7
$0
.0
$0
.0
$1
38
.9
$0
.0
$1
47
.4 $
17
6.1
$0
.0
$0
.0
$1
64
.4
$0
.0
$1
85
.7
$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)
© 2011 Risk and Insurance Management Society, Inc. (RIMS) VIII - 4 Canadian Data
2011 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 25 $145.7 $176.1
Government 6 $140.7 $155.3
Other 8 $146.0 $187.8
Province
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 25 $145.7 $176.1
AB 5 $151.4 $180.6
BC 8 $159.1 $202.5
Average Compensation by Province
Average Compensation by Industry
$145.7
$140.7
$146.0
$176.1
$155.3
$187.8
$0.0 $20.0 $40.0 $60.0 $80.0 $100.0 $120.0 $140.0 $160.0 $180.0 $200.0
All Respondents
Government
Other
Average Base Salary ($000s) Average Total Comp ($000s)
$145.7
$151.4
$159.1
$176.1
$180.6
$202.5
$0.0 $50.0 $100.0 $150.0 $200.0 $250.0
All Respondents
AB
BC
Average Base Salary ($000s) Average Total Comp ($000s)
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2011 Risk Management Compensation Survey
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© 2011 Risk and Insurance Management Society, Inc. (RIMS) VIII - 6
2011 Risk Management Compensation Survey
Director - Business Continuity/Financial/IT Risk Management
No Breakdowns Available - Insufficient Sample Size
© 2011 Risk and Insurance Management Society, Inc. (RIMS) VIII - 7 Canadian Data
2011 Risk Management Compensation Survey
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© 2011 Risk and Insurance Management Society, Inc. (RIMS) VIII - 8
2011 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 Respondents 31 $113.8 $128.1
Publicly Traded 7 $138.4 $172.0
Private 3 -- --
Government 10 $103.6 $105.2
Not-for-Profit 5 $110.1 $115.6
Revenue
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 31 $113.8 $128.1
Less than $100
Million5 $95.9 $101.1
$100 - $250 Million$100 - $250
Million6 $106.0 $106.7
$250 - $500 Million$250 - $500
Million3 -- --
$500 Million - $1 Billion 5 $124.4 $134.4
$1 - $5 Billion$1 - $5
Billion7 $124.9 $149.6
$5 - $10 Billion$5 - $10
Billion3 -- --
Greater than
$10 Billion1 -- --
Average Compensation by Ownership Type
Average Compensation by Revenue
$1
13
.8
$1
38
.4
$0
.0
$1
03
.6
$1
10
.1
$1
28
.1
$1
72
.0
$0
.0
$1
05
.2
$1
15
.6
$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
Average Base Salary ($000s) Average Total Comp ($000s)
$1
13
.8
$9
5.9
$1
06
.0
$0
.0
$1
24
.4
$1
24
.9
$0
.0
$0
.0
$1
28
.1
$1
01
.1
$1
06
.7
$0
.0
$1
34
.4
$1
49
.6
$0
.0
$0
.0
$0.0
$20.0
$40.0
$60.0
$80.0
$100.0
$120.0
$140.0
$160.0
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)
© 2011 Risk and Insurance Management Society, Inc. (RIMS) VIII - 9 Canadian Data
2011 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 31 $113.8 $128.1
HS/Associate 4 -- --
Bachelors 10 $114.6 $128.1
MA/MS 4 -- --
MBA 5 $130.0 $134.0
JD 0 -- --
Supervisory Responsibility
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 31 $113.8 $128.1
No 10 $105.6 $111.0
1 or Fewer 5 $131.2 $161.7
From 1 to 3 8 $119.2 $131.0
From 3 to 5 5 $135.4 $165.8
More than 5 1 -- --
Average Compensation by Degree
Average Compensation by Supervisory Responsibility
$1
13
.8
$0
.0
$1
14
.6
$0
.0
$1
30
.0
$0
.0
$1
28
.1
$0
.0
$1
28
.1
$0
.0
$1
34
.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
13
.8
$1
05
.6 $
13
1.2
$1
19
.2
$1
35
.4
$0
.0
$1
28
.1
$1
11
.0
$1
61
.7
$1
31
.0
$1
65
.8
$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)
© 2011 Risk and Insurance Management Society, Inc. (RIMS) VIII - 10 Canadian Data
2011 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 31 $113.8 $128.1
Education 5 $110.0 $111.0
Government 10 $103.6 $105.2
Not-for-Profit 5 $110.1 $115.6
Other 6 $104.7 $115.3
Province
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 31 $113.8 $128.1
AB 6 $126.5 $149.9
BC 6 $105.5 $110.9
ON 9 $122.7 $147.8
Average Compensation by Province
Average Compensation by Industry
$113.8
$110.0
$103.6
$110.1
$104.7
$128.1
$111.0
$105.2
$115.6
$115.3
$0.0 $20.0 $40.0 $60.0 $80.0 $100.0 $120.0 $140.0
All Respondents
Education
Government
Not-for-Profit
Other
Average Base Salary ($000s) Average Total Comp ($000s)
$113.8
$126.5
$105.5
$122.7
$128.1
$149.9
$110.9
$147.8
$0.0 $20.0 $40.0 $60.0 $80.0 $100.0 $120.0 $140.0 $160.0
All Respondents
AB
BC
ON
Average Base Salary ($000s) Average Total Comp ($000s)
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2011 Risk Management Compensation Survey
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© 2011 Risk and Insurance Management Society, Inc. (RIMS) VIII - 12
2011 Risk Management Compensation Survey
Director - Insurance and Risk Management
Ownership Type
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 78 $114.6 $125.5
Publicly Traded 22 $122.3 $143.8
Private 14 $122.9 $134.9
Government 26 $109.6 $113.6
Not-for-Profit 10 $106.1 $109.2
Revenue
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 78 $114.6 $125.5
Less than $100
Million10 $113.0 $123.3
$100 - $250 Million$100 - $250
Million1 -- --
$250 - $500 Million$250 - $500
Million11 $101.6 $105.2
$500 Million - $1 Billion 9 $112.4 $122.7
$1 - $5 Billion$1 - $5
Billion19 $115.1 $124.2
$5 - $10 Billion$5 - $10
Billion6 $123.1 $132.3
Greater than
$10 Billion16 $130.1 $152.7
Average Compensation by Ownership Type
Average Compensation by Revenue
$1
14
.6
$1
22
.3
$1
22
.9
$1
09
.6
$1
06
.1
$1
25
.5
$1
43
.8
$1
34
.9
$1
13
.6
$1
09
.2
$0.0
$20.0
$40.0
$60.0
$80.0
$100.0
$120.0
$140.0
$160.0
All Respondents Publicly Traded Private Government Not-for-Profit
Average Base Salary ($000s) Average Total Comp ($000s)
$1
14
.6
$1
13
.0
$0
.0
$1
01
.6
$1
12
.4
$1
15
.1
$1
23
.1
$1
30
.1
$1
25
.5
$1
23
.3
$0
.0
$1
05
.2
$1
22
.7
$1
24
.2
$1
32
.3 $1
52
.7
$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)
© 2011 Risk and Insurance Management Society, Inc. (RIMS) VIII - 13 Canadian Data
2011 Risk Management Compensation Survey
Director - Insurance and Risk Management
Degree
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 78 $114.6 $125.5
HS/Associate 17 $110.2 $120.9
Bachelors 36 $114.4 $123.8
MA/MS 7 $105.4 $108.8
MBA 10 $128.5 $143.8
JD 0 -- --
Supervisory Responsibility
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 78 $114.6 $125.5
No 11 $100.0 $104.3
1 or Fewer 15 $121.1 $134.4
From 1 to 3 21 $111.1 $123.4
From 3 to 5 13 $109.1 $120.8
More than 5 10 $129.1 $148.6
Average Compensation by Degree
Average Compensation by Supervisory Responsibility
$1
14
.6
$1
10
.2
$1
14
.4
$1
05
.4 $
12
8.5
$0
.0
$1
25
.5
$1
20
.9
$1
23
.8
$1
08
.8
$1
43
.8
$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
14
.6
$1
00
.0 $1
21
.1
$1
11
.1
$1
09
.1 $1
29
.1
$1
25
.5
$1
04
.3
$1
34
.4
$1
23
.4
$1
20
.8
$1
48
.6
$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)
© 2011 Risk and Insurance Management Society, Inc. (RIMS) VIII - 14 Canadian Data
2011 Risk Management Compensation Survey
Director - Insurance and Risk Management
Industry
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 78 $114.6 $125.5
Education 9 $103.1 $103.1
Finance/Banking 6 $107.3 $124.8
Government 26 $109.6 $113.6
Not-for-Profit 10 $106.1 $109.2
Real Estate 8 $121.9 $136.1
Telecommunications 5 $120.4 $148.4
Other 6 $103.7 $115.2
Province
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 78 $114.6 $125.5
AB 12 $110.3 $116.5
BC 8 $108.8 $113.9
ON 36 $117.2 $130.3
QC 10 $125.6 $147.0
Average Compensation by Province
Average Compensation by Industry
$114.6
$103.1
$107.3
$109.6
$106.1
$121.9
$120.4
$103.7
$125.5
$103.1
$124.8
$113.6
$109.2
$136.1
$148.4
$115.2
$0.0 $20.0 $40.0 $60.0 $80.0 $100.0 $120.0 $140.0 $160.0
All Respondents
Education
Finance/Banking
Government
Not-for-Profit
Real Estate
Telecommunications
Other
Average Base Salary ($000s) Average Total Comp ($000s)
$114.6
$110.3
$108.8
$117.2
$125.6
$125.5
$116.5
$113.9
$130.3
$147.0
$0.0 $20.0 $40.0 $60.0 $80.0 $100.0 $120.0 $140.0 $160.0
All Respondents
AB
BC
ON
QC
Average Base Salary ($000s) Average Total Comp ($000s)
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2011 Risk Management Compensation Survey
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© 2011 Risk and Insurance Management Society, Inc. (RIMS) VIII - 16
2011 Risk Management Compensation Survey
Manager - Insurance Management
Ownership Type
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 61 $95.8 $104.2
Publicly Traded 14 $104.3 $118.8
Private 14 $90.6 $101.0
Government 20 $90.1 $92.0
Not-for-Profit 8 $96.9 $111.8
Revenue
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 61 $95.8 $104.2
Less than $100
Million9 $90.3 $93.0
$100 - $250 Million$100 - $250
Million9 $99.0 $102.9
$250 - $500 Million$250 - $500
Million7 $88.0 $92.6
$500 Million - $1 Billion 6 $89.7 $111.4
$1 - $5 Billion$1 - $5
Billion17 $98.6 $107.6
$5 - $10 Billion$5 - $10
Billion2 -- --
Greater than
$10 Billion7 $106.0 $118.6
Average Compensation by Ownership Type
Average Compensation by Revenue
$9
5.8
$1
04
.3
$9
0.6
$9
0.1
$9
6.9
$1
04
.2
$1
18
.8
$1
01
.0
$9
2.0
$1
11
.8
$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
Average Base Salary ($000s) Average Total Comp ($000s)
$9
5.8
$9
0.3
$9
9.0
$8
8.0
$8
9.7
$9
8.6
$0
.0
$1
06
.0
$1
04
.2
$9
3.0
$1
02
.9
$9
2.6
$1
11
.4
$1
07
.6
$0
.0
$1
18
.6
$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)
© 2011 Risk and Insurance Management Society, Inc. (RIMS) VIII - 17 Canadian Data
2011 Risk Management Compensation Survey
Manager - Insurance Management
Degree
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 61 $95.8 $104.2
HS/Associate 10 $100.8 $113.9
Bachelors 26 $94.8 $101.0
MA/MS 3 -- --
MBA 6 $100.0 $112.5
JD 0 -- --
Supervisory Responsibility
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 61 $95.8 $104.2
No 20 $90.6 $98.1
1 or Fewer 14 $99.7 $114.6
From 1 to 3 14 $100.4 $107.8
From 3 to 5 4 -- --
More than 5 5 $98.2 $99.0
Average Compensation by Degree
Average Compensation by Supervisory Responsibility
$9
5.8
$1
00
.8
$9
4.8
$0
.0
$1
00
.0
$0
.0
$1
04
.2
$1
13
.9
$1
01
.0
$0
.0
$1
12
.5
$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
5.8
$9
0.6
$9
9.7
$1
00
.4
$0
.0
$9
8.2
$1
04
.2
$9
8.1
$1
14
.6
$1
07
.8
$0
.0
$9
9.0
$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)
© 2011 Risk and Insurance Management Society, Inc. (RIMS) VIII - 18 Canadian Data
2011 Risk Management Compensation Survey
Manager - Insurance Management
Industry
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 61 $95.8 $104.2
Education 7 $91.4 $101.2
Government 20 $90.1 $92.0
Not-for-Profit 8 $96.9 $111.8
Other 5 $107.2 $108.6
Province
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 61 $95.8 $104.2
AB 14 $113.1 $123.3
BC 7 $91.9 $93.7
ON 24 $90.7 $99.1
QC 6 $85.9 $91.8
SK 5 $85.0 $85.0
Average Compensation by Province
Average Compensation by Industry
$95.8
$91.4
$90.1
$96.9
$107.2
$104.2
$101.2
$92.0
$111.8
$108.6
$0.0 $20.0 $40.0 $60.0 $80.0 $100.0 $120.0
All Respondents
Education
Government
Not-for-Profit
Other
Average Base Salary ($000s) Average Total Comp ($000s)
$95.8
$113.1
$91.9
$90.7
$85.9
$85.0
$104.2
$123.3
$93.7
$99.1
$91.8
$85.0
$0.0 $20.0 $40.0 $60.0 $80.0 $100.0 $120.0 $140.0
All Respondents
AB
BC
ON
QC
SK
Average Base Salary ($000s) Average Total Comp ($000s)
© 2011 Risk and Insurance Management Society, Inc. (RIMS) VIII - 19 Canadian Data
2011 Risk Management Compensation Survey
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© 2011 Risk and Insurance Management Society, Inc. (RIMS) VIII - 20
2011 Risk Management Compensation Survey
Employee Benefits/Workers Compensation Claims Manager
No Breakdowns Available - Insufficient Sample Size
© 2011 Risk and Insurance Management Society, Inc. (RIMS) VIII - 21 Canadian Data
2011 Risk Management Compensation Survey
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© 2011 Risk and Insurance Management Society, Inc. (RIMS) VIII - 22
2011 Risk Management Compensation Survey
Claims Manager
Ownership Type
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 12 $82.8 $86.9
Publicly Traded 3 -- --
Private 2 -- --
Government 6 $86.0 $88.5
Not-for-Profit 0 -- --
Average Compensation by Ownership Type
Average Compensation by Revenue
No Breakdowns Available - Insufficient Sample Size
$8
2.8
$0
.0
$0
.0
$8
6.0
$0
.0
$8
6.9
$0
.0
$0
.0
$8
8.5
$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
Average Base Salary ($000s) Average Total Comp ($000s)
© 2011 Risk and Insurance Management Society, Inc. (RIMS) VIII - 23 Canadian Data
2011 Risk Management Compensation Survey
Claims Manager
Degree
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 12 $82.8 $86.9
HS/Associate 5 $81.0 $87.1
Bachelors 2 -- --
MA/MS 0 -- --
MBA 1 -- --
JD 0 -- --
Average Compensation by Degree
Average Compensation by Supervisory Responsibility
No Breakdowns Available - Insufficient Sample Size$
82
.8
$8
1.0
$0
.0
$0
.0
$0
.0
$0
.0
$8
6.9
$8
7.1
$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)
© 2011 Risk and Insurance Management Society, Inc. (RIMS) VIII - 24 Canadian Data
2011 Risk Management Compensation Survey
Claims Manager
Industry
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 12 $82.8 $86.9
Government 6 $86.0 $88.5
Province
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 12 $82.8 $86.9
BC 5 $91.2 $93.5
Average Compensation by Province
Average Compensation by Industry
$82.8
$86.0
$86.9
$88.5
$79.0 $80.0 $81.0 $82.0 $83.0 $84.0 $85.0 $86.0 $87.0 $88.0 $89.0
All Respondents
Government
Average Base Salary ($000s) Average Total Comp ($000s)
$82.8
$91.2
$86.9
$93.5
$76.0 $78.0 $80.0 $82.0 $84.0 $86.0 $88.0 $90.0 $92.0 $94.0 $96.0
All Respondents
BC
Average Base Salary ($000s) Average Total Comp ($000s)
© 2011 Risk and Insurance Management Society, Inc. (RIMS) VIII - 25 Canadian Data
2011 Risk Management Compensation Survey
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© 2011 Risk and Insurance Management Society, Inc. (RIMS) VIII - 26
2011 Risk Management Compensation Survey
Environmental, Health or Safety Manager
No Breakdowns Available - Insufficient Sample Size
© 2011 Risk and Insurance Management Society, Inc. (RIMS) VIII - 27 Canadian Data
2011 Risk Management Compensation Survey
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© 2011 Risk and Insurance Management Society, Inc. (RIMS) VIII - 28
2011 Risk Management Compensation Survey
Risk Management Analyst (Enterprise-Wide)
Ownership Type
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 27 $75.8 $78.9
Publicly Traded 7 $79.0 $87.1
Private 5 $76.0 $81.2
Government 10 $78.1 $78.3
Not-for-Profit 4 -- --
Revenue
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 27 $75.8 $78.9
Less than $100
Million7 $66.6 $67.4
$100 - $250 Million$100 - $250
Million0 -- --
$250 - $500 Million$250 - $500
Million1 -- --
$500 Million - $1 Billion 2 -- --
$1 - $5 Billion$1 - $5
Billion2 -- --
$5 - $10 Billion$5 - $10
Billion1 -- --
Greater than
$10 Billion3 -- --
Average Compensation by Ownership Type
Average Compensation by Revenue
$7
5.8
$7
9.0
$7
6.0
$7
8.1
$0
.0
$7
8.9
$8
7.1
$8
1.2
$7
8.3
$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
Average Base Salary ($000s) Average Total Comp ($000s)
$7
5.8
$6
6.6
$0
.0
$0
.0
$0
.0
$0
.0
$0
.0
$0
.0
$7
8.9
$6
7.4
$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
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)
© 2011 Risk and Insurance Management Society, Inc. (RIMS) VIII - 29 Canadian Data
2011 Risk Management Compensation Survey
Risk Management Analyst (Enterprise-Wide)
Degree
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 27 $75.8 $78.9
HS/Associate 5 $83.2 $84.5
Bachelors 17 $74.9 $79.0
MA/MS 1 -- --
MBA 1 -- --
JD 0 -- --
Supervisory Responsibility
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 27 $75.8 $78.9
No 23 $69.6 $71.5
1 or Fewer 0 -- --
From 1 to 3 2 -- --
From 3 to 5 1 -- --
More than 5 2 -- --
Average Compensation by Degree
Average Compensation by Supervisory Responsibility
$7
5.8
$8
3.2
$7
4.9
$0
.0
$0
.0
$0
.0
$7
8.9
$8
4.5
$7
9.0
$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 HS/Associate Bachelors MA/MS MBA JD
Average Base Salary ($000s) Average Total Comp ($000s)
$7
5.8
$6
9.6
$0
.0
$0
.0
$0
.0
$0
.0
$7
8.9
$7
1.5
$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)
© 2011 Risk and Insurance Management Society, Inc. (RIMS) VIII - 30 Canadian Data
2011 Risk Management Compensation Survey
Risk Management Analyst (Enterprise-Wide)
Industry
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 27 $75.8 $78.9
Government 10 $78.1 $78.3
Province
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 27 $75.8 $78.9
AB 9 $82.7 $88.3
BC 5 $80.6 $80.6
ON 10 $72.8 $76.3
Average Compensation by Province
Average Compensation by Industry
$75.8
$78.1
$78.9
$78.3
$74.0 $74.5 $75.0 $75.5 $76.0 $76.5 $77.0 $77.5 $78.0 $78.5 $79.0 $79.5
All Respondents
Government
Average Base Salary ($000s) Average Total Comp ($000s)
$75.8
$82.7
$80.6
$72.8
$78.9
$88.3
$80.6
$76.3
$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
BC
ON
Average Base Salary ($000s) Average Total Comp ($000s)
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2011 Risk Management Compensation Survey
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© 2011 Risk and Insurance Management Society, Inc. (RIMS) VIII - 32
2011 Risk Management Compensation Survey
Risk Management Analyst
Ownership Type
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 42 $69.6 $74.6
Publicly Traded 10 $77.6 $86.1
Private 11 $59.4 $63.1
Government 17 $71.1 $75.1
Not-for-Profit 1 -- --
Revenue
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 42 $69.6 $74.6
Less than $100
Million5 $61.8 $61.8
$100 - $250 Million$100 - $250
Million2 -- --
$250 - $500 Million$250 - $500
Million3 -- --
$500 Million - $1 Billion 6 $67.1 $67.9
$1 - $5 Billion$1 - $5
Billion7 $74.2 $80.7
$5 - $10 Billion$5 - $10
Billion3 -- --
Greater than
$10 Billion3 -- --
Average Compensation by Ownership Type
Average Compensation by Revenue
$6
9.6
$7
7.6
$5
9.4
$7
1.1
$0
.0
$7
4.6
$8
6.1
$6
3.1
$7
5.1
$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
Average Base Salary ($000s) Average Total Comp ($000s)
$6
9.6
$6
1.8
$0
.0
$0
.0
$6
7.1
$7
4.2
$0
.0
$0
.0
$7
4.6
$6
1.8
$0
.0
$0
.0
$6
7.9
$8
0.7
$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 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)
© 2011 Risk and Insurance Management Society, Inc. (RIMS) VIII - 33 Canadian Data
2011 Risk Management Compensation Survey
Risk Management Analyst
Degree
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 42 $69.6 $74.6
HS/Associate 9 $76.3 $83.5
Bachelors 20 $65.4 $68.7
MA/MS 1 -- --
MBA 1 -- --
JD 0 -- --
Supervisory Responsibility
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 42 $69.6 $74.6
No 31 $68.0 $72.0
1 or Fewer 5 $78.0 $94.8
From 1 to 3 3 -- --
From 3 to 5 3 -- --
More than 5 2 -- --
Average Compensation by Degree
Average Compensation by Supervisory Responsibility
$6
9.6
$7
6.3
$6
5.4
$0
.0
$0
.0
$0
.0
$7
4.6
$8
3.5
$6
8.7
$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)
$6
9.6
$6
8.0
$7
8.0
$0
.0
$0
.0
$0
.0
$7
4.6
$7
2.0
$9
4.8
$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)
© 2011 Risk and Insurance Management Society, Inc. (RIMS) VIII - 34 Canadian Data
2011 Risk Management Compensation Survey
Risk Management Analyst
Industry
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 42 $69.6 $74.6
Education 5 $62.4 $62.4
Energy 8 $77.6 $85.3
Government 17 $71.1 $75.1
Province
# of
Resp.
Average Base
Salary ($000s)
Average Total
Comp ($000s)
All Respondents 42 $69.6 $74.6
AB 15 $70.5 $75.1
BC 9 $74.7 $83.5
ON 11 $65.6 $70.6
Average Compensation by Province
Average Compensation by Industry
$69.6
$62.4
$77.6
$71.1
$74.6
$62.4
$85.3
$75.1
$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)
$69.6
$70.5
$74.7
$65.6
$74.6
$75.1
$83.5
$70.6
$0.0 $10.0 $20.0 $30.0 $40.0 $50.0 $60.0 $70.0 $80.0 $90.0
All Respondents
AB
BC
ON
Average Base Salary ($000s) Average Total Comp ($000s)
© 2011 Risk and Insurance Management Society, Inc. (RIMS) VIII - 35 Canadian Data
2011 Risk Management Compensation Survey
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© 2011 Risk and Insurance Management Society, Inc. (RIMS) VIII - 36
2011 Risk Management Compensation Survey
Claims Analyst
No Breakdowns Available - Insufficient Sample Size
© 2011 Risk and Insurance Management Society, Inc. (RIMS) VIII - 37 Canadian Data
2011 Risk Management Compensation Survey
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© 2011 Risk and Insurance Management Society, Inc. (RIMS) VIII - 38
2011 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 25 $145.7 $121.4 $145.0 $170.0 17 $44.8 $19.5 $40.0 $62.0 10 25.5% 22.5% 25 $176.1 $123.0 $169.8 $210.0 10.8 9.0
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 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --
Private 6 $140.9 -- $137.6 -- 6 $36.5 -- $35.8 -- 4 -- -- 6 $177.4 -- $173.4 -- 13.8 13.5
Government 6 $140.7 -- $134.0 -- 3 -- -- -- -- 3 -- -- 6 $155.3 -- $146.4 -- 12.0 9.5
Not-for-Profit 4 -- -- -- -- 1 -- -- -- -- 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 $141.7 -- $130.0 -- 3 -- -- -- -- 3 -- -- 5 $155.1 -- $149.5 -- 10.8 10.0
$100 - $250 Million 10 $146.7 $111.0 $165.0 $170.0 6 $58.3 -- $56.0 -- 2 -- -- 10 $181.7 $121.4 $185.0 $232.0 11.5 10.0
$250 - $500 Million 2 -- -- -- -- 1 -- -- -- -- 1 -- -- 2 -- -- -- -- -- --
$500 Million - $1 Billion 2 -- -- -- -- 2 -- -- -- -- 2 -- -- 2 -- -- -- -- -- --
$1 - $5 Billion 3 -- -- -- -- 3 -- -- -- -- 1 -- -- 3 -- -- -- -- -- --
$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 4 -- -- -- -- 3 -- -- -- -- 2 -- -- 4 -- -- -- -- -- --
Bachelors 7 $151.5 -- $140.1 -- 6 $53.0 -- $59.8 -- 4 -- -- 7 $196.9 -- $189.7 -- 12.1 7.0
MA/MS 3 -- -- -- -- 2 -- -- -- -- 0 -- -- 3 -- -- -- -- -- --
MBA 5 $143.7 -- $165.0 -- 1 -- -- -- -- 0 -- -- 5 $156.1 -- $165.0 -- 12.2 10.0
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 1 -- -- -- -- 1 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
1 or Fewer 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
From 1 to 3 9 $138.9 -- $135.0 -- 6 $38.3 -- $40.0 -- 3 -- -- 9 $164.4 -- $157.0 -- 9.4 7.0
From 3 to 5 2 -- -- -- -- 2 -- -- -- -- 2 -- -- 2 -- -- -- -- -- --
More than 5 11 $147.4 $111.0 $160.0 $170.0 8 $52.7 -- $49.8 -- 6 28.0% 21.0% 11 $185.7 $123.0 $169.8 $232.0 10.6 7.0
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
© 2011 Risk and Insurance Management Society, Inc. (RIMS) IX - 1 Canadian Data
2011 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)
Government 6 $140.7 -- $134.0 -- 3 -- -- -- -- 3 -- -- 6 $155.3 -- $146.4 -- 12.0 9.5
Other 8 $146.0 -- $155.0 -- 6 $55.7 -- $56.0 -- 2 -- -- 8 $187.8 -- $180.0 -- 7.3 5.5
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 5 $151.4 -- $162.0 -- 3 -- -- -- -- 1 -- -- 5 $180.6 -- $169.8 -- 9.0 9.0
BC 8 $159.1 -- $165.0 -- 6 $57.8 -- $56.0 -- 3 -- -- 8 $202.5 -- $221.0 -- 10.4 6.5
Respondent Characteristics
Male 64.0% Yes 24.0%
Female 36.0% No 76.0%
Did Not Indicate 0.0% Did Not Indicate 0.0%
High School/Associate Degree 16.0% Incentive Stock Options (ISOs) 0.0%
Bachelors 28.0% Non-Qualified Stock Options (NQSOs) 0.0%
MA/MS 12.0% Restricted Stock 33.3%
MBA 20.0% Stock Appreciation Rights (SARs) 0.0%
JD 4.0% Performance Shares 0.0%
MD 0.0% Performance Units 16.7%
Ph.D 0.0% Long-Term Cash 66.7%
Other 20.0% None of the Above Received 0.0%
* Only includes those eligible for LTI
Parent 60.0% Yes 96.0%
Division 4.0% No 4.0%
Subsidiary 8.0%
Single Location 16.0%
Other 12.0%
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
Degree Type of Long-term Incentives Received*
Type of Organization Where Employed Supervise Individuals
Gender Long-Term Incentive Eligible
© 2011 Risk and Insurance Management Society, Inc. (RIMS) IX - 2 Canadian Data
2011 Risk Management Compensation Survey
Director - Business Continuity/Financial/IT Risk Management
No Breakdowns Available - Insufficient Sample Size
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.
© 2011 Risk and Insurance Management Society, Inc. (RIMS) IX - 3 Canadian Data
2011 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.
No Breakdowns Available - Insufficient Sample Size
© 2011 Risk and Insurance Management Society, Inc. (RIMS) IX - 4 Canadian Data
2011 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 31 $113.8 $92.0 $107.0 $140.0 16 $27.7 $8.5 $22.0 $37.0 12 19.9% 17.5% 31 $128.1 $93.5 $120.0 $156.0 11.5 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 7 $138.4 -- $150.0 -- 6 $39.2 -- $32.0 -- 4 -- -- 7 $172.0 -- $175.0 -- 11.4 7.0
Private 3 -- -- -- -- 3 -- -- -- -- 2 -- -- 3 -- -- -- -- -- --
Government 10 $103.6 $95.0 $104.0 $118.0 2 -- -- -- -- 2 -- -- 10 $105.2 $95.0 $104.0 $121.0 15.1 13.0
Not-for-Profit 5 $110.1 -- $107.0 -- 2 -- -- -- -- 1 -- -- 5 $115.6 -- $112.0 -- 12.4 6.0
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 5 $95.9 -- $93.5 -- 2 -- -- -- -- 2 -- -- 5 $101.1 -- $103.0 -- 13.6 10.0
$100 - $250 Million 6 $106.0 -- $106.5 -- 1 -- -- -- -- 1 -- -- 6 $106.7 -- $108.9 -- 10.2 10.0
$250 - $500 Million 3 -- -- -- -- 2 -- -- -- -- 1 -- -- 3 -- -- -- -- -- --
$500 Million - $1 Billion 5 $124.4 -- $107.0 -- 3 -- -- -- -- 1 -- -- 5 $134.4 -- $115.0 -- 12.8 12.0
$1 - $5 Billion 7 $124.9 -- $125.0 -- 5 $34.6 -- $22.5 -- 4 -- -- 7 $149.6 -- $125.0 -- 16.4 16.0
$5 - $10 Billion 3 -- -- -- -- 1 -- -- -- -- 1 -- -- 3 -- -- -- -- -- --
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 -- -- -- -- 3 -- -- -- -- 2 -- -- 4 -- -- -- -- -- --
Bachelors 10 $114.6 $93.5 $110.3 $125.0 4 -- -- -- -- 4 -- -- 10 $128.1 $93.5 $112.9 $140.5 10.1 6.0
MA/MS 4 -- -- -- -- 2 -- -- -- -- 2 -- -- 4 -- -- -- -- -- --
MBA 5 $130.0 -- $130.0 -- 1 -- -- -- -- 1 -- -- 5 $134.0 -- $130.0 -- 10.8 11.0
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 10 $105.6 $86.0 $100.7 $120.0 4 -- -- -- -- 3 -- -- 10 $111.0 $92.0 $113.5 $123.4 11.4 9.0
1 or Fewer 5 $131.2 -- $150.0 -- 4 -- -- -- -- 3 -- -- 5 $161.7 -- $172.5 -- 7.6 5.0
From 1 to 3 8 $119.2 -- $112.5 -- 4 -- -- -- -- 3 -- -- 8 $131.0 -- $117.4 -- 16.0 14.5
From 3 to 5 5 $135.4 -- $145.0 -- 3 -- -- -- -- 3 -- -- 5 $165.8 -- $172.5 -- 14.0 14.0
More than 5 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
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
© 2011 Risk and Insurance Management Society, Inc. (RIMS) IX - 5 Canadian Data
2011 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 5 $110.0 -- $107.0 -- 1 -- -- -- -- 0 -- -- 5 $111.0 -- $112.0 -- 11.4 4.0
Government 10 $103.6 $95.0 $104.0 $118.0 2 -- -- -- -- 2 -- -- 10 $105.2 $95.0 $104.0 $121.0 15.1 13.0
Not-for-Profit 5 $110.1 -- $107.0 -- 2 -- -- -- -- 1 -- -- 5 $115.6 -- $112.0 -- 12.4 6.0
Other 6 $104.7 -- $105.5 -- 3 -- -- -- -- 3 -- -- 6 $115.3 -- $116.8 -- 8.2 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 6 $126.5 -- $130.0 -- 3 -- -- -- -- 3 -- -- 6 $149.9 -- $130.5 -- 15.0 13.5
BC 6 $105.5 -- $100.0 -- 3 -- -- -- -- 1 -- -- 6 $110.9 -- $100.0 -- 11.7 10.0
ON 9 $122.7 -- $117.5 -- 6 $37.7 -- $29.0 -- 5 22.0% 20.0% 9 $147.8 -- $140.5 -- 11.7 6.0
Respondent Characteristics
Male 51.6% Yes 22.6%
Female 48.4% No 77.4%
Did Not Indicate 0.0% Did Not Indicate 0.0%
High School/Associate Degree 12.9% Incentive Stock Options (ISOs) 28.6%
Bachelors 32.3% Non-Qualified Stock Options (NQSOs) 14.3%
MA/MS 12.9% Restricted Stock 28.6%
MBA 16.1% Stock Appreciation Rights (SARs) 14.3%
JD 0.0% Performance Shares 42.9%
MD 0.0% Performance Units 14.3%
Ph.D 0.0% Long-Term Cash 14.3%
Other 25.8% None of the Above Received 0.0%
* Only includes those eligible for LTI
Parent 61.3% Yes 67.7%
Division 3.2% No 32.3%
Subsidiary 9.7%
Single Location 12.9%
Other 12.9%
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
Gender Long-Term Incentive Eligible
Degree Type of Long-term Incentives Received*
Type of Organization Where Employed Supervise Individuals
© 2011 Risk and Insurance Management Society, Inc. (RIMS) IX - 6 Canadian Data
2011 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 78 $114.6 $96.0 $110.5 $131.0 40 $21.2 $12.0 $17.5 $29.1 25 16.8% 15.0% 78 $125.5 $101.0 $121.3 $144.0 17.1 17.5
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 22 $122.3 $100.0 $120.0 $140.0 18 $26.3 $15.0 $20.0 $38.0 9 20.2% 22.0% 22 $143.8 $110.0 $136.3 $174.5 16.4 18.5
Private 14 $122.9 $108.8 $126.5 $135.0 9 $18.7 -- $15.0 -- 7 16.3% 10.0% 14 $134.9 $108.8 $140.7 $157.5 17.5 15.0
Government 26 $109.6 $93.0 $105.0 $129.0 6 $17.4 -- $20.0 -- 3 -- -- 26 $113.6 $93.0 $108.5 $132.0 18.0 19.0
Not-for-Profit 10 $106.1 $96.0 $104.5 $122.5 5 $6.4 -- $5.0 -- 3 -- -- 10 $109.2 $96.0 $110.4 $122.5 16.9 16.5
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 $113.0 $105.0 $121.3 $125.0 7 $14.7 -- $12.0 -- 4 -- -- 10 $123.3 $119.6 $123.8 $141.9 13.8 13.5
$100 - $250 Million 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
$250 - $500 Million 11 $101.6 $86.0 $100.0 $108.8 2 -- -- -- -- 2 -- -- 11 $105.2 $86.0 $102.0 $125.0 22.8 25.0
$500 Million - $1 Billion 9 $112.4 -- $110.0 -- 4 -- -- -- -- 3 -- -- 9 $122.7 -- $110.8 -- 11.1 10.0
$1 - $5 Billion 19 $115.1 $92.0 $112.0 $135.0 9 $19.2 -- $18.0 -- 8 16.0% 15.0% 19 $124.2 $105.0 $114.0 $141.5 16.3 15.0
$5 - $10 Billion 6 $123.1 -- $128.5 -- 3 -- -- -- -- 3 -- -- 6 $132.3 -- $142.0 -- 20.5 20.5
Greater than $10 Billion 16 $130.1 $107.5 $129.5 $143.5 13 $27.9 $17.0 $24.0 $38.0 5 21.0% 25.0% 16 $152.7 $127.0 $141.3 $178.3 19.5 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 17 $110.2 $96.0 $105.0 $123.0 7 $26.0 -- $24.0 -- 3 -- -- 17 $120.9 $96.0 $115.0 $134.0 19.6 20.0
Bachelors 36 $114.4 $94.0 $110.0 $131.0 18 $18.8 $12.5 $16.3 $20.0 11 16.4% 15.0% 36 $123.8 $101.0 $116.8 $140.7 18.7 20.0
MA/MS 7 $105.4 -- $102.0 -- 3 -- -- -- -- 2 -- -- 7 $108.8 -- $102.0 -- 11.7 11.0
MBA 10 $128.5 $125.0 $129.0 $132.0 6 $25.4 -- $27.6 -- 5 15.4% 16.0% 10 $143.8 $125.0 $138.5 $168.7 14.6 15.0
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 11 $100.0 $84.0 $105.0 $122.5 3 -- -- -- -- 2 -- -- 11 $104.3 $86.0 $105.0 $122.5 10.7 9.0
1 or Fewer 15 $121.1 $110.0 $123.0 $135.0 10 $20.0 $15.0 $17.5 $20.0 6 14.2% 15.0% 15 $134.4 $115.0 $135.0 $157.5 19.1 20.0
From 1 to 3 21 $111.1 $96.0 $110.0 $130.0 13 $20.0 $5.0 $17.0 $32.5 7 16.1% 16.0% 21 $123.4 $101.0 $112.0 $137.5 18.6 18.0
From 3 to 5 13 $109.1 $95.0 $105.0 $115.0 7 $21.8 -- $20.0 -- 4 -- -- 13 $120.8 $102.0 $110.8 $131.0 15.3 13.0
More than 5 10 $129.1 $101.0 $117.7 $148.0 6 $32.4 -- $29.0 -- 3 -- -- 10 $148.6 $102.0 $130.9 $165.0 22.9 22.5
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
© 2011 Risk and Insurance Management Society, Inc. (RIMS) IX - 7 Canadian Data
2011 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 9 $103.1 -- $102.0 -- 0 -- -- -- -- 0 -- -- 9 $103.1 -- $102.0 -- 19.8 18.0
Finance/Banking 6 $107.3 -- $107.5 -- 5 $20.9 -- $20.0 -- 1 -- -- 6 $124.8 -- $127.0 -- 19.2 20.0
Government 26 $109.6 $93.0 $105.0 $129.0 6 $17.4 -- $20.0 -- 3 -- -- 26 $113.6 $93.0 $108.5 $132.0 18.0 19.0
Not-for-Profit 10 $106.1 $96.0 $104.5 $122.5 5 $6.4 -- $5.0 -- 3 -- -- 10 $109.2 $96.0 $110.4 $122.5 16.9 16.5
Real Estate 8 $121.9 -- $122.5 -- 6 $18.9 -- $17.3 -- 3 -- -- 8 $136.1 -- $134.8 -- 13.9 13.5
Telecommunications 5 $120.4 -- $125.0 -- 5 $28.0 -- $20.0 -- 3 -- -- 5 $148.4 -- $140.0 -- 13.0 15.0
Other 6 $103.7 -- $100.0 -- 2 -- -- -- -- 3 -- -- 6 $115.2 -- $110.0 -- 15.8 13.5
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 12 $110.3 $94.0 $112.5 $131.0 3 -- -- -- -- 4 -- -- 12 $116.5 $97.5 $121.0 $133.0 19.0 25.0
BC 8 $108.8 -- $106.0 -- 3 -- -- -- -- 2 -- -- 8 $113.9 -- $106.0 -- 14.0 10.0
ON 36 $117.2 $103.5 $124.0 $132.0 23 $20.5 $10.0 $17.0 $32.5 13 16.6% 15.0% 36 $130.3 $104.0 $130.0 $148.5 15.8 16.5
QC 10 $125.6 $105.0 $112.5 $147.0 8 $26.8 -- $22.0 -- 4 -- -- 10 $147.0 $110.0 $134.5 $174.0 20.2 19.0
Respondent Characteristics
Male 59.0% Yes 20.5%
Female 39.7% No 79.5%
Did Not Indicate 1.3% Did Not Indicate 0.0%
High School/Associate Degree 21.8% Incentive Stock Options (ISOs) 43.8%
Bachelors 46.2% Non-Qualified Stock Options (NQSOs) 6.3%
MA/MS 9.0% Restricted Stock 25.0%
MBA 12.8% Stock Appreciation Rights (SARs) 0.0%
JD 0.0% Performance Shares 25.0%
MD 0.0% Performance Units 12.5%
Ph.D 0.0% Long-Term Cash 0.0%
Other 10.3% None of the Above Received 12.5%
* Only includes those eligible for LTI
Parent 57.7% Yes 85.9%
Division 16.7% No 14.1%
Subsidiary 3.8%
Single Location 10.3%
Other 11.5%
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
Gender Long-Term Incentive Eligible
Degree Type of Long-term Incentives Received*
Type of Organization Where Employed Supervise Individuals
© 2011 Risk and Insurance Management Society, Inc. (RIMS) IX - 8 Canadian Data
2011 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 61 $95.8 $81.0 $90.0 $105.0 33 $15.5 $8.0 $10.0 $20.0 25 17.3% 15.0% 61 $104.2 $86.5 $100.0 $115.5 11.1 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 14 $104.3 $87.0 $97.0 $105.0 12 $17.0 $9.0 $10.8 $24.0 10 23.4% 15.0% 14 $118.8 $96.0 $106.3 $122.0 15.2 12.0
Private 14 $90.6 $81.0 $84.8 $96.0 11 $13.2 $9.0 $12.0 $20.0 9 14.2% 15.0% 14 $101.0 $91.0 $97.0 $110.0 5.7 5.0
Government 20 $90.1 $75.4 $91.0 $103.5 4 -- -- -- -- 2 -- -- 20 $92.0 $75.4 $91.0 $103.5 12.1 9.5
Not-for-Profit 8 $96.9 -- $87.4 -- 5 $23.8 -- $8.8 -- 3 -- -- 8 $111.8 -- $106.0 -- 11.0 9.5
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 $90.3 -- $84.7 -- 3 -- -- -- -- 3 -- -- 9 $93.0 -- $92.7 -- 6.8 5.0
$100 - $250 Million 9 $99.0 -- $96.0 -- 4 -- -- -- -- 3 -- -- 9 $102.9 -- $96.0 -- 10.0 8.0
$250 - $500 Million 7 $88.0 -- $86.0 -- 2 -- -- -- -- 2 -- -- 7 $92.6 -- $86.0 -- 11.4 6.5
$500 Million - $1 Billion 6 $89.7 -- $82.0 -- 3 -- -- -- -- 2 -- -- 6 $111.4 -- $106.0 -- 13.8 10.5
$1 - $5 Billion 17 $98.6 $86.0 $93.0 $107.0 12 $12.7 $7.8 $10.0 $16.1 8 13.1% 15.0% 17 $107.6 $96.0 $103.5 $114.3 13.8 12.0
$5 - $10 Billion 2 -- -- -- -- 2 -- -- -- -- 2 -- -- 2 -- -- -- -- -- --
Greater than $10 Billion 7 $106.0 -- $96.0 -- 5 $17.6 -- $10.0 -- 4 -- -- 7 $118.6 -- $100.0 -- 10.4 8.0
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 10 $100.8 $75.0 $85.6 $125.0 6 $21.7 -- $14.9 -- 6 29.2% 15.0% 10 $113.9 $75.0 $100.5 $125.0 16.8 12.5
Bachelors 26 $94.8 $83.5 $93.5 $105.0 15 $10.9 $6.5 $9.3 $12.0 12 13.3% 13.5% 26 $101.0 $87.0 $98.5 $114.3 10.7 9.0
MA/MS 3 -- -- -- -- 1 -- -- -- -- 1 -- -- 3 -- -- -- -- -- --
MBA 6 $100.0 -- $89.0 -- 4 -- -- -- -- 3 -- -- 6 $112.5 -- $103.5 -- 6.4 5.3
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 20 $90.6 $79.5 $84.1 $101.0 13 $11.6 $8.0 $10.0 $16.3 12 13.1% 15.0% 20 $98.1 $85.0 $94.4 $112.6 11.2 7.5
1 or Fewer 14 $99.7 $85.0 $91.5 $110.0 11 $19.0 $7.0 $10.0 $20.0 7 25.1% 15.0% 14 $114.6 $95.0 $105.8 $118.3 11.0 10.0
From 1 to 3 14 $100.4 $82.5 $97.5 $115.0 5 $20.8 -- $20.0 -- 3 -- -- 14 $107.8 $82.5 $107.0 $115.0 12.7 10.0
From 3 to 5 4 -- -- -- -- 2 -- -- -- -- 2 -- -- 4 -- -- -- -- -- --
More than 5 5 $98.2 -- $102.0 -- 1 -- -- -- -- 0 -- -- 5 $99.0 -- $102.0 -- 13.2 8.0
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
© 2011 Risk and Insurance Management Society, Inc. (RIMS) IX - 9 Canadian Data
2011 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)
Education 7 $91.4 -- $90.0 -- 1 -- -- -- -- 0 -- -- 7 $101.2 -- $107.0 -- 12.1 10.0
Government 20 $90.1 $75.4 $91.0 $103.5 4 -- -- -- -- 2 -- -- 20 $92.0 $75.4 $91.0 $103.5 12.1 9.5
Not-for-Profit 8 $96.9 -- $87.4 -- 5 $23.8 -- $8.8 -- 3 -- -- 8 $111.8 -- $106.0 -- 11.0 9.5
Other 5 $107.2 -- $115.0 -- 1 -- -- -- -- 1 -- -- 5 $108.6 -- $115.0 -- 10.4 10.0
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 14 $113.1 $99.0 $110.0 $130.0 6 $23.8 -- $20.5 -- 3 -- -- 14 $123.3 $102.0 $115.3 $151.0 12.0 9.0
BC 7 $91.9 -- $93.0 -- 3 -- -- -- -- 3 -- -- 7 $93.7 -- $96.0 -- 12.9 8.0
ON 24 $90.7 $81.0 $90.0 $101.0 17 $12.0 $8.0 $10.0 $16.0 14 14.0% 15.0% 24 $99.1 $89.0 $96.7 $114.7 11.5 9.0
QC 6 $85.9 -- $86.0 -- 3 -- -- -- -- 3 -- -- 6 $91.8 -- $96.0 -- 6.7 6.5
SK 5 $85.0 -- $78.0 -- 0 -- -- -- -- 0 -- -- 5 $85.0 -- $78.0 -- 12.2 7.0
Respondent Characteristics
Male 54.1% Yes 11.5%
Female 42.6% No 88.5%
Did Not Indicate 3.3% Did Not Indicate 0.0%
High School/Associate Degree 16.4% Incentive Stock Options (ISOs) 14.3%
Bachelors 42.6% Non-Qualified Stock Options (NQSOs) 0.0%
MA/MS 4.9% Restricted Stock 14.3%
MBA 9.8% Stock Appreciation Rights (SARs) 14.3%
JD 0.0% Performance Shares 28.6%
MD 0.0% Performance Units 0.0%
Ph.D 0.0% Long-Term Cash 14.3%
Other 26.2% None of the Above Received 42.9%
* Only includes those eligible for LTI
Parent 63.9% Yes 67.2%
Division 3.3% No 32.8%
Subsidiary 14.8%
Single Location 9.8%
Other 8.2%
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
Gender Long-Term Incentive Eligible
Degree Type of Long-term Incentives Received*
Type of Organization Where Employed Supervise Individuals
© 2011 Risk and Insurance Management Society, Inc. (RIMS) IX - 10 Canadian Data
2011 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
© 2011 Risk and Insurance Management Society, Inc. (RIMS) IX - 11 Canadian Data
2011 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
© 2011 Risk and Insurance Management Society, Inc. (RIMS) IX - 12 Canadian Data
2011 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 $82.8 $73.5 $83.0 $91.8 5 $9.9 -- $10.0 -- 2 -- -- 12 $86.9 $73.5 $90.0 $101.3 9.1 7.5
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 3 -- -- -- -- 2 -- -- -- -- 1 -- -- 3 -- -- -- -- -- --
Private 2 -- -- -- -- 1 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --
Government 6 $86.0 -- $83.0 -- 2 -- -- -- -- 1 -- -- 6 $88.5 -- $90.8 -- 11.3 10.0
Not-for-Profit 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 2 -- -- -- -- 0 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --
$250 - $500 Million 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
$500 Million - $1 Billion 1 -- -- -- -- 1 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
$1 - $5 Billion 1 -- -- -- -- 1 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
$5 - $10 Billion 2 -- -- -- -- 1 -- -- -- -- 1 -- -- 2 -- -- -- -- -- --
Greater than $10 Billion 1 -- -- -- -- 1 -- -- -- -- 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 5 $81.0 -- $85.0 -- 3 -- -- -- -- 1 -- -- 5 $87.1 -- $94.0 -- 10.4 8.0
Bachelors 2 -- -- -- -- 1 -- -- -- -- 1 -- -- 2 -- -- -- -- -- --
MA/MS 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
MBA 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 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 4 -- -- -- -- 0 -- -- -- -- 0 -- -- 4 -- -- -- -- -- --
1 or Fewer 4 -- -- -- -- 4 -- -- -- -- 1 -- -- 4 -- -- -- -- -- --
From 1 to 3 2 -- -- -- -- 0 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --
From 3 to 5 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
More than 5 2 -- -- -- -- 1 -- -- -- -- 1 -- -- 2 -- -- -- -- -- --
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
© 2011 Risk and Insurance Management Society, Inc. (RIMS) IX - 13 Canadian Data
2011 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)
Government 6 $86.0 -- $83.0 -- 2 -- -- -- -- 1 -- -- 6 $88.5 -- $90.8 -- 11.3 10.0
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)
BC 5 $91.2 -- $93.5 -- 2 -- -- -- -- 0 -- -- 5 $93.5 -- $100.0 -- 11.3 10.5
Respondent Characteristics
Male 41.7% Yes 25.0%
Female 50.0% No 75.0%
Did Not Indicate 8.3% Did Not Indicate 0.0%
High School/Associate Degree 41.7% Incentive Stock Options (ISOs) 66.7%
Bachelors 16.7% Non-Qualified Stock Options (NQSOs) 0.0%
MA/MS 0.0% Restricted Stock 33.3%
MBA 8.3% Stock Appreciation Rights (SARs) 33.3%
JD 0.0% Performance Shares 0.0%
MD 0.0% Performance Units 0.0%
Ph.D 0.0% Long-Term Cash 0.0%
Other 33.3% None of the Above Received 0.0%
* Only includes those eligible for LTI
Parent 58.3% Yes 66.7%
Division 0.0% No 33.3%
Subsidiary 0.0%
Single Location 16.7%
Other 25.0%
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
Gender Long-Term Incentive Eligible
Degree Type of Long-term Incentives Received*
Type of Organization Where Employed Supervise Individuals
© 2011 Risk and Insurance Management Society, Inc. (RIMS) IX - 14 Canadian Data
2011 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
© 2011 Risk and Insurance Management Society, Inc. (RIMS) IX - 15 Canadian Data
2011 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
© 2011 Risk and Insurance Management Society, Inc. (RIMS) IX - 16 Canadian Data
2011 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 27 $75.8 $65.0 $75.0 $81.3 9 $9.5 -- $6.5 -- 9 10.8% 10.0% 27 $78.9 $67.7 $76.0 $87.4 6.2 7.0
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 7 $79.0 -- $66.0 -- 5 $11.3 -- $6.5 -- 4 -- -- 7 $87.1 -- $71.5 -- 6.9 8.0
Private 5 $76.0 -- $77.0 -- 3 -- -- -- -- 3 -- -- 5 $81.2 -- $84.0 -- 6.2 6.0
Government 10 $78.1 $73.0 $75.5 $90.0 1 -- -- -- -- 2 -- -- 10 $78.3 $73.0 $75.5 $90.0 7.0 8.5
Not-for-Profit 4 -- -- -- -- 0 -- -- -- -- 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 7 $66.6 -- $68.0 -- 2 -- -- -- -- 2 -- -- 7 $67.4 -- $72.0 -- 6.0 4.0
$100 - $250 Million 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
$250 - $500 Million 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --
$500 Million - $1 Billion 2 -- -- -- -- 1 -- -- -- -- 1 -- -- 2 -- -- -- -- -- --
$1 - $5 Billion 2 -- -- -- -- 0 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --
$5 - $10 Billion 1 -- -- -- -- 1 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
Greater than $10 Billion 3 -- -- -- -- 2 -- -- -- -- 2 -- -- 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 5 $83.2 -- $81.3 -- 2 -- -- -- -- 1 -- -- 5 $84.5 -- $81.3 -- 8.6 10.0
Bachelors 17 $74.9 $65.0 $75.0 $80.0 4 -- -- -- -- 5 12.8% 12.0% 17 $79.0 $66.0 $75.0 $84.0 5.6 4.0
MA/MS 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --
MBA 1 -- -- -- -- 0 -- -- -- -- 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 23 $69.6 $61.0 $75.0 $77.0 7 $6.4 -- $6.5 -- 8 9.6% 10.0% 23 $71.5 $66.0 $75.0 $80.0 5.6 4.0
1 or Fewer 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
From 1 to 3 2 -- -- -- -- 1 -- -- -- -- 1 -- -- 2 -- -- -- -- -- --
From 3 to 5 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
More than 5 2 -- -- -- -- 1 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --
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
© 2011 Risk and Insurance Management Society, Inc. (RIMS) IX - 17 Canadian Data
2011 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)
Government 10 $78.1 $73.0 $75.5 $90.0 1 -- -- -- -- 2 -- -- 10 $78.3 $73.0 $75.5 $90.0 7.0 8.5
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 9 $82.7 -- $76.5 -- 4 -- -- -- -- 5 11.4% 10.0% 9 $88.3 -- $76.5 -- 6.8 8.0
BC 5 $80.6 -- $76.6 -- 0 -- -- -- -- 1 -- -- 5 $80.6 -- $76.6 -- 6.6 9.0
ON 10 $72.8 $61.0 $73.5 $90.0 5 $6.9 -- $6.7 -- 3 -- -- 10 $76.3 $66.0 $78.0 $94.5 5.8 5.5
Respondent Characteristics
Male 37.0% Yes 14.8%
Female 48.1% No 85.2%
Did Not Indicate 14.8% Did Not Indicate 0.0%
High School/Associate Degree 18.5% Incentive Stock Options (ISOs) 0.0%
Bachelors 63.0% Non-Qualified Stock Options (NQSOs) 0.0%
MA/MS 3.7% Restricted Stock 25.0%
MBA 3.7% 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 11.1% None of the Above Received 75.0%
* Only includes those eligible for LTI
Parent 40.7% Yes 14.8%
Division 22.2% No 85.2%
Subsidiary 11.1%
Single Location 14.8%
Other 11.1%
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
Gender Long-Term Incentive Eligible
Degree Type of Long-term Incentives Received*
Type of Organization Where Employed Supervise Individuals
© 2011 Risk and Insurance Management Society, Inc. (RIMS) IX - 18 Canadian Data
2011 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 42 $69.6 $60.0 $66.5 $75.0 16 $13.0 $5.0 $9.1 $12.5 12 11.3% 10.0% 42 $74.6 $60.0 $69.0 $84.0 6.2 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 10 $77.6 $65.0 $74.5 $83.0 7 $12.1 -- $9.6 -- 4 -- -- 10 $86.1 $65.0 $82.7 $92.6 6.8 3.5
Private 11 $59.4 $43.0 $60.0 $68.0 5 $8.2 -- $8.5 -- 3 -- -- 11 $63.1 $43.0 $60.0 $75.6 4.5 4.0
Government 17 $71.1 $58.0 $66.0 $80.0 2 -- -- -- -- 3 -- -- 17 $75.1 $60.6 $67.0 $82.0 7.3 7.0
Not-for-Profit 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 5 $61.8 -- $52.0 -- 0 -- -- -- -- 2 -- -- 5 $61.8 -- $52.0 -- 4.9 5.0
$100 - $250 Million 2 -- -- -- -- 2 -- -- -- -- 1 -- -- 2 -- -- -- -- -- --
$250 - $500 Million 3 -- -- -- -- 1 -- -- -- -- 0 -- -- 3 -- -- -- -- -- --
$500 Million - $1 Billion 6 $67.1 -- $65.5 -- 1 -- -- -- -- 1 -- -- 6 $67.9 -- $65.5 -- 7.0 5.0
$1 - $5 Billion 7 $74.2 -- $74.0 -- 6 $7.7 -- $7.0 -- 3 -- -- 7 $80.7 -- $84.0 -- 5.7 5.0
$5 - $10 Billion 3 -- -- -- -- 2 -- -- -- -- 1 -- -- 3 -- -- -- -- -- --
Greater than $10 Billion 3 -- -- -- -- 1 -- -- -- -- 2 -- -- 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 9 $76.3 -- $67.0 -- 5 $13.0 -- $9.6 -- 4 -- -- 9 $83.5 -- $71.0 -- 10.4 8.0
Bachelors 20 $65.4 $56.5 $65.5 $74.5 9 $7.4 -- $6.4 -- 5 10.2% 10.0% 20 $68.7 $56.5 $66.0 $81.7 4.0 3.5
MA/MS 1 -- -- -- -- 0 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --
MBA 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
JD 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
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 31 $68.0 $60.0 $66.0 $74.0 12 $10.3 $5.0 $7.5 $12.5 11 11.5% 10.0% 31 $72.0 $60.0 $67.0 $81.4 6.0 5.0
1 or Fewer 5 $78.0 -- $83.0 -- 4 -- -- -- -- 1 -- -- 5 $94.8 -- $99.5 -- 10.2 10.0
From 1 to 3 3 -- -- -- -- 0 -- -- -- -- 0 -- -- 3 -- -- -- -- -- --
From 3 to 5 3 -- -- -- -- 2 -- -- -- -- 1 -- -- 3 -- -- -- -- -- --
More than 5 2 -- -- -- -- 0 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --
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
© 2011 Risk and Insurance Management Society, Inc. (RIMS) IX - 19 Canadian Data
2011 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 5 $62.4 -- $60.0 -- 0 -- -- -- -- 1 -- -- 5 $62.4 -- $60.0 -- 10.0 8.0
Energy 8 $77.6 -- $74.5 -- 4 -- -- -- -- 4 -- -- 8 $85.3 -- $82.7 -- 5.4 3.5
Government 17 $71.1 $58.0 $66.0 $80.0 2 -- -- -- -- 3 -- -- 17 $75.1 $60.6 $67.0 $82.0 7.3 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 15 $70.5 $62.0 $68.0 $75.0 5 $14.0 -- $10.0 -- 4 -- -- 15 $75.1 $62.0 $70.0 $81.4 6.4 4.0
BC 9 $74.7 -- $66.0 -- 3 -- -- -- -- 1 -- -- 9 $83.5 -- $82.0 -- 6.0 5.0
ON 11 $65.6 $54.3 $67.0 $75.0 7 $7.8 -- $6.3 -- 5 9.2% 10.0% 11 $70.6 $60.0 $68.0 $90.0 6.6 4.0
Respondent Characteristics
Male 35.7% Yes 28.6%
Female 61.9% No 71.4%
Did Not Indicate 2.4% Did Not Indicate 0.0%
High School/Associate Degree 21.4% Incentive Stock Options (ISOs) 25.0%
Bachelors 47.6% Non-Qualified Stock Options (NQSOs) 0.0%
MA/MS 2.4% Restricted Stock 16.7%
MBA 2.4% Stock Appreciation Rights (SARs) 8.3%
JD 0.0% Performance Shares 16.7%
MD 0.0% Performance Units 8.3%
Ph.D 2.4% Long-Term Cash 8.3%
Other 23.8% None of the Above Received 33.3%
* Only includes those eligible for LTI
Parent 52.4% Yes 26.2%
Division 19.0% No 73.8%
Subsidiary 7.1%
Single Location 11.9%
Other 9.5%
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
Gender Long-Term Incentive Eligible
Degree Type of Long-term Incentives Received*
Type of Organization Where Employed Supervise Individuals
© 2011 Risk and Insurance Management Society, Inc. (RIMS) IX - 20 Canadian Data
2011 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 6 $59.0 -- $61.1 -- 2 -- -- -- -- 2 -- -- 6 $59.8 -- $61.1 -- 5.5 3.5
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 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
Private 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --
Government 3 -- -- -- -- 0 -- -- -- -- 0 -- -- 3 -- -- -- -- -- --
Not-for-Profit 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 -- -- -- -- 1 -- -- -- -- 1 -- -- 2 -- -- -- -- -- --
$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 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
$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 2 -- -- -- -- 0 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --
Bachelors 2 -- -- -- -- 1 -- -- -- -- 1 -- -- 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 $59.0 -- $61.1 -- 2 -- -- -- -- 2 -- -- 6 $59.8 -- $61.1 -- 5.5 3.5
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
© 2011 Risk and Insurance Management Society, Inc. (RIMS) IX - 21 Canadian Data
2011 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 0.0% Yes 16.7%
Female 100.0% No 83.3%
Did Not Indicate 0.0% Did Not Indicate 0.0%
High School/Associate Degree 33.3% Incentive Stock Options (ISOs) 0.0%
Bachelors 33.3% Non-Qualified Stock Options (NQSOs) 0.0%
MA/MS 0.0% Restricted Stock 0.0%
MBA 0.0% 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 33.3% None of the Above Received 0.0%
* Only includes those eligible for LTI
Parent 100.0% Yes 0.0%
Division 0.0% No 100.0%
Subsidiary 0.0%
Single Location 0.0%
Other 0.0%
Gender Long-Term Incentive Eligible
Degree Type of Long-term Incentives Received*
Type of Organization Where Employed Supervise Individuals
© 2011 Risk and Insurance Management Society, Inc. (RIMS) IX - 22 Canadian Data