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Page 1: 2013 Risk Management Compensation Survey - RIMS

Conducted By:

8476 Greenway Blvd., Suite 100

Middleton, WI 53562

www.enetrix.com

Data Effective March 1, 2013

2013 Risk Management Compensation Survey

Page 2: 2013 Risk Management Compensation Survey - RIMS
Page 3: 2013 Risk Management Compensation Survey - RIMS

2013 Risk Management Compensation Survey

Data effective: March 1, 2013 i

Table of Contents

Executive Summary ……………………………………………………………………………………………………………………. l – 1

Introduction ……………………………………………………………………………………………………………………………… l – 5

Participant List – U.S. Respondents ……………………………………………………………………………………………………. II – 1

Participant Demographics – U.S. Respondents …………………………………………………………………………………….. III – 1

Summary of Survey Results – U.S. Analysis

All Positions ………………………………………………………………………………………………………………. lV – 1

Chief Risk Officer |Vice President-Risk Management |Vice President-Strategic and Enterprise Risk ...... ………… lV – 3

Director - Business Continuity/Financial/IT Risk Management ……………………………………………………………. lV – 7

Director - Enterprise Risk Management (ERM)/Strategic Risk Management / Risk Intelligence ……………………. lV – 11

Director – Insurance and Risk Management ………………………………………………………………………………. lV – 15

Manager – Insurance Management ……………………………………………………………………………..………… lV – 19

Employee Benefits/Workers Compensation Claims Manager………………………………………………..…………. lV – 23

Claims Manager ………………………………………………………………………………………………………………... lV – 27

Environmental, Health or Safety Manager…………………………………………………………………………………. lV – 31

Risk Management Analyst (Enterprise-Wide) ………………………………………………………………………………. lV – 35

Risk Management Analyst …………………………………………………………………………………………..………… lV – 39

Claims Analyst …………………………………………………………………………………………………………………... lV – 43

Detail Survey Results – U.S. Analysis

Chief Risk Officer |Vice President-Risk Management |Vice President-Strategic and Enterprise Risk ...... ………… V – 1

Director - Business Continuity/Financial/IT Risk Management ……………………………………………………………. V – 5

Director - Enterprise Risk Management (ERM)/Strategic Risk Management / Risk Intelligence ……………………. V – 9

Director – Insurance and Risk Management ………………………………………………………………………………. V – 13

Manager – Insurance Management ……………………………………………………………………………..………… V – 19

Employee Benefits/Workers Compensation Claims Manager………………………………………………..…………. V – 25

Claims Manager ………………………………………………………………………………………………………………... V – 29

Environmental, Health or Safety Manager…………………………………………………………………………………. V – 33

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Data effective: March 1, 2013 ii

Table of Contents (continued)

Risk Management Analyst (Enterprise-Wide) ………………………………………………………………………………. V – 37

Risk Management Analyst …………………………………………………………………………………………..………… V – 41

Claims Analyst …………………………………………………………………………………………………………………... V – 45

Participant List – Canadian Respondents ……………………………………………………………………………………………. VI – 1

Participant Demographics – Canadian Respondents …………………………………………………………………………….. VII – 1

Summary of Survey Results – Canadian Analysis

All Positions ………………………………………………………………………………………………………………. VIII – 1

Chief Risk Officer |Vice President-Risk Management |Vice President-Strategic and Enterprise Risk ...... …………. VIII – 3

Director - Business Continuity/Financial/IT Risk Management ……………………………………………………………. VIII – 7

Director - Enterprise Risk Management (ERM)/Strategic Risk Management / Risk Intelligence ……………………. VIII – 11

Director – Insurance and Risk Management ………………………………………………………………………………. VIII – 15

Manager – Insurance Management ……………………………………………………………………………..………… VIII – 19

Employee Benefits/Workers Compensation Claims Manager………………………………………………..…………. VIII – 23

Claims Manager ………………………………………………………………………………………………………………... VIII – 25

Environmental, Health or Safety Manager…………………………………………………………………………………. VIII – 29

Risk Management Analyst (Enterprise-Wide) ………………………………………………………………………………. VIII – 31

Risk Management Analyst …………………………………………………………………………………………..………… VIII – 35

Claims Analyst …………………………………………………………………………………………………………………... VIII – 39

Detail Survey Results – Canadian Analysis

Chief Risk Officer |Vice President-Risk Management |Vice President-Strategic and Enterprise Risk ...... ………. IX – 1

Director - Business Continuity/Financial/IT Risk Management ……………………………………………………………. IX – 3

Director - Enterprise Risk Management (ERM)/Strategic Risk Management / Risk Intelligence ……………………. IX – 5

Director – Insurance and Risk Management ………………………………………………………………………………. IX – 7

Manager – Insurance Management ……………………………………………………………………………..………… IX – 9

Employee Benefits/Workers Compensation Claims Manager………………………………………………..…………. IX – 11

Claims Manager ………………………………………………………………………………………………………………... IX – 13

Environmental, Health or Safety Manager…………………………………………………………………………………. IX – 15

Page 5: 2013 Risk Management Compensation Survey - RIMS

2013 Risk Management Compensation Survey

Data effective: March 1, 2013 iii

Table of Contents (continued)

Risk Management Analyst (Enterprise-Wide) ………………………………………………………………………………. IX – 17

Risk Management Analyst …………………………………………………………………………………………..………… IX – 19

Claims Analyst …………………………………………………………………………………………………………………... IX – 21

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2013 Risk Management Compensation Survey

Data effective: April 1, 2013 iv

Page 7: 2013 Risk Management Compensation Survey - RIMS

2013 Risk Management Compensation Survey

Executive Summary

The 2013 survey presents compensation data for 11 different positions. While sixteen different positions were listed on the survey document, there was

insufficient data for analysis, or small sample sizes, on 5 of them. The results reflect data submitted by individual risk management professionals working in

over 1,561 organizations in the United States and over 218 organizations in Canada. In total, 2,241 usable surveys were submitted online by RIMS members

and risk management professionals during January and February, 2013.

Approximately fifty-seven point four percent (57.4%) of the U.S. respondents work in organizations with more than $1 Billion in annual revenue. Slightly less

than half work in publicly owned organizations (46.0%), while 29.3% work for private employers. A majority of the survey respondents from the U.S. were

Insurance and Risk Management Directors (n=770), Insurance Management Managers (n=359) and Chief Risk Officers or Vice Presidents-Risk Management or

Vice President-Strategic and Enterprise Risk (n=211). Not surprisingly, the highest-paid risk management position was that of Chief Risk Officer/VP-Risk

Management/VP-Strategic and Enterprise Risk, with an average base salary of US$184,152 and total compensation of US$227,573. The lowest paid risk

management position was that of Claims Analyst, with an average base salary of US$64,184 and total compensation of US$66,295.

For Canadian respondents, approximately 42.6% work in organizations with more than $1 Billion in annual revenue. Unlike the US, only 25.2% work in publicly

owned organizations. And in Canada, 37.4% of respondents work for governmental employers as opposed to 12.0% in the US. A majority of the survey

respondents were Insurance and Risk Management Directors (n=80) or Insurance Management Managers (n=46). The highest- paid risk management position

surveyed was, once again, that of Chief Risk Officer/VP-Risk Management/VP-Strategic and Enterprise Risk, with an average base salary of CDN$173,611 and

total compensation of CDN$205,944. The lowest paid position for which data was available was that of Claims Analyst with an average base salary CDN$60,443

and total compensation of CDN$60,443.

This survey is the seventh conducted by the Risk and Insurance Management Society, Inc. Risk Managers who responded to and completed the survey

received an executive summary, in PDF, at no cost. PDF copies of the complete report may be ordered at www.RIMS.org/Compensation.

The Risk and Insurance Management Society, Inc. (RIMS) is pleased to present the results of our 2013 Risk Management Compensation Survey. With more

than 11,500 individual members representing more than 3,500 organizations in 58 countries, RIMS is a not-for-profit professional society dedicated to

advancing the practice of risk management, a professional discipline that protects physical, digital, financial, and human resources. The survey was conducted

by enetrix, A Division of Gallup, Inc.

© 2013 Risk and Insurance Management Society, Inc. (RIMS) I - 1 Introduction and Executive Summary

Page 8: 2013 Risk Management Compensation Survey - RIMS

2013 Risk Management Compensation Survey

The Risk and Insurance Management Society, Inc. (RIMS) is pleased to present the results of our 2013 Risk Management Compensation Survey. With more

than 11,500 individual members representing more than 3,500 organizations in 58 countries, RIMS is a not-for-profit professional society dedicated to

advancing the practice of risk management, a professional discipline that protects physical, digital, financial, and human resources. The survey was conducted

by enetrix, A Division of Gallup, Inc. All Respondents

All Positions - United States

Job Title # of Resp.

Average Base

Salary ($000)

Average Total

Comp ($000)

Chief Risk Officer | Vice President -

Risk Management | Vice President -

Strategic and Enterprise Risk

211 $184.2 $227.6

Director - Business

Continuity/Financial/IT Risk

Management

22 $141.7 $166.4

Director - Enterprise Risk

Management (ERM)/Strategic Risk

Management / Risk Intelligence

123 $135.3 $152.0

Director - Insurance and Risk

Management770 $133.4 $154.6

Manager - Insurance Management 359 $102.1 $111.4

Employee Benefits/Workers

Compensation Claims Manager45 $84.4 $88.0

Claims Manager 112 $86.9 $94.1

Environmental, Health or Safety

Manager33 $91.6 $100.5

Risk Management Analyst (Enterprise-

Wide)79 $76.5 $80.2

Risk Management Analyst 202 $69.6 $72.7

Claims Analyst 15 $64.2 $66.3

Cash Compensation (All dollar amounts are displayed in USD $000s)

Executive Summary

As expected, those in higher level positions (both in the US and in Canada) have a greater percentage of their total cash compensation at-risk than those in

more entry level risk management positions.

$184.2

$141.7

$135.3

$133.4

$102.1

$84.4

$86.9

$91.6

$76.5

$69.6

$64.2

$227.6

$166.4

$152.0

$154.6

$111.4

$88.0

$94.1

$100.5

$80.2

$72.7

$66.3

$0.0 $50.0 $100.0 $150.0 $200.0 $250.0

Chief Risk Officer | Vice President - Risk Management | Vice President- Strategic and Enterprise Risk

Director - Business Continuity/Financial/IT Risk Management

Director - Enterprise Risk Management (ERM)/Strategic RiskManagement / Risk Intelligence

Director - Insurance and Risk Management

Manager - Insurance Management

Employee Benefits/Workers Compensation Claims Manager

Claims Manager

Environmental, Health or Safety Manager

Risk Management Analyst (Enterprise-Wide)

Risk Management Analyst

Claims Analyst

Average Base Salary ($000) Average Total Comp ($000)

© 2013 Risk and Insurance Management Society, Inc. (RIMS) I - 2 Introduction and Executive Summary

Page 9: 2013 Risk Management Compensation Survey - RIMS

2013 Risk Management Compensation Survey

The Risk and Insurance Management Society, Inc. (RIMS) is pleased to present the results of our 2013 Risk Management Compensation Survey. With more

than 11,500 individual members representing more than 3,500 organizations in 58 countries, RIMS is a not-for-profit professional society dedicated to

advancing the practice of risk management, a professional discipline that protects physical, digital, financial, and human resources. The survey was conducted

by enetrix, A Division of Gallup, Inc.

All Positions - Canada

All Respondents

Job Title # of Resp.

Average Base

Salary ($000)

Average Total

Comp ($000)

Chief Risk Officer | Vice President -

Risk Management | Vice President -

Strategic and Enterprise Risk

18 $173.6 $205.9

Director - Business

Continuity/Financial/IT Risk

Management

7 $132.0 $154.8

Director - Enterprise Risk

Management (ERM)/Strategic Risk

Management / Risk Intelligence

36 $122.8 $128.4

Director - Insurance and Risk

Management80 $119.1 $133.1

Manager - Insurance Management 46 $100.3 $106.4

Employee Benefits/Workers

Compensation Claims Manager0 -- --

Claims Manager 12 $84.3 $87.5

Environmental, Health or Safety

Manager1 -- --

Risk Management Analyst (Enterprise-

Wide)32 $84.6 $89.9

Risk Management Analyst 31 $76.3 $79.3

Claims Analyst 7 $60.4 $60.4

Cash Compensation (All dollar amounts are displayed in CAD $000s)

Executive Summary

$173.6

$132.0

$122.8

$119.1

$100.3

$84.3

$84.6

$76.3

$60.4

$205.9

$154.8

$128.4

$133.1

$106.4

$87.5

$89.9

$79.3

$60.4

$0.0 $50.0 $100.0 $150.0 $200.0 $250.0

Chief Risk Officer | Vice President - Risk Management | Vice President- Strategic and Enterprise Risk

Director - Business Continuity/Financial/IT Risk Management

Director - Enterprise Risk Management (ERM)/Strategic RiskManagement / Risk Intelligence

Director - Insurance and Risk Management

Manager - Insurance Management

Employee Benefits/Workers Compensation Claims Manager

Claims Manager

Environmental, Health or Safety Manager

Risk Management Analyst (Enterprise-Wide)

Risk Management Analyst

Claims Analyst

Average Base Salary ($000) Average Total Comp ($000)

© 2013 Risk and Insurance Management Society, Inc. (RIMS) I - 3 Introduction and Executive Summary

Page 10: 2013 Risk Management Compensation Survey - RIMS

2013 Risk Management Compensation Survey

The Risk and Insurance Management Society, Inc. (RIMS) is pleased to present the results of our 2013 Risk Management Compensation Survey. With more

than 11,500 individual members representing more than 3,500 organizations in 58 countries, RIMS is a not-for-profit professional society dedicated to

advancing the practice of risk management, a professional discipline that protects physical, digital, financial, and human resources. The survey was conducted

by enetrix, A Division of Gallup, Inc. This Page Intentionally Blank

© 2013 Risk and Insurance Management Society, Inc. (RIMS) I - 4 Introduction and Executive Summary

Page 11: 2013 Risk Management Compensation Survey - RIMS

2013 Risk Management Compensation Survey

© 2013 Risk and Insurance Management Society, Inc. (RIMS) I - 5 Introduction and Executive Summary

Introduction The Risk and Insurance Management Society, Inc. is pleased to present the results of the 2013 Risk Management Compensation Survey. This year’s survey presents compensation data for 11 jobs reflecting submissions by individual risk management professionals working in over 1,561 organizations in the United States and over 218 organizations in Canada. Data submitted from individuals from each country are reported in the country specific sections of this report. More information about the participants is available in Section II (US Participant List), Section III (US Participant Demographics), Section VI (Canadian Participant List), and Section VII (Canadian Participant Demographics). Summary of Survey Results Compensation for a particular position may vary by industry, size of organization, supervisory responsibility, and geography – commonly referred to as “scopes”. For a quick view of the survey results, refer to Sections IV (Summary Results for US) and VIII (Summary Results for Canada) which contain graphs showing the average compensation for each job by country and scope. Detailed Survey Results Reports showing more detailed compensation data for each job (by country) are shown in Sections V (Detailed Results for US) and IX (Detailed Results for Canada). When reviewing the survey results, keep in mind that cash compensation is only one piece of an individual’s “total rewards” package, which may also include benefits and the work experience offered to the employee.

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2013 Risk Management Compensation Survey

© 2013 Risk and Insurance Management Society, Inc. (RIMS) I - 6 Introduction and Executive Summary

About RIMS, Inc. Risk and Insurance Management Society, Inc. The Risk and Insurance Management Society, Inc. (RIMS) is a not-for-profit organization dedicated to advancing the practice of risk management, a professional discipline that protects physical, financial and human resources. Founded in 1950, RIMS represents more than 4,100 industrial, service, nonprofit, charitable, and governmental entities. The Society serves more than 11,500 risk management professionals around the world. For more information about RIMS, visit www.RIMS.org

About enetrix, A Division of Gallup, Inc. enetrix is a Division of Gallup, Inc and is a premier provider of online survey services to America's leading associations, as well as to business and industry. enetrix currently manages over 2 dozen online salary surveys for various associations in the Accounting, Educational, Electronics, Engineering, Financial, and Healthcare fields. In addition, the enetrix research team provides survey consultation for dozens of associations and organizations in the areas of member and employee satisfaction, customer satisfaction, and industry benchmarking. Our mission is to inspire organizations to make informed decisions. For more information about enetrix, visit www.enetrix.com

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© 2013 Risk and Insurance Management Society, Inc. (RIMS) I - 7 Introduction and Executive Summary

Methodology The information presented in this report is based on a survey of RIMS Members, conducted in January and February of 2013. RIMS contracted with enetrix (a survey management firm located in Middleton, WI) to administer the survey on a secure web site and invite members to participate. A total of 12,062 electronic invitations were sent to RIMS member from the United States and Canada on January 3, 2013. A general link to the survey site was also posted on the RIMS website for non-members to register and participate in the survey. In total, 2,587 online questionnaires were completed or partially completed between January and February, 2013. If based solely off the 12,062 member list provided, the number of completions would equate to a 21.4 percent response rate. All data was submitted online. Not every participant provided all of the information requested. Respondents were included in the study if they provided sufficient information to be included in at least one table of the report. Data was eliminated from the survey reports if the respondent’s compensation data was not provided, insufficient, or obviously erroneous. In a handful of cases, duplicate responses from the same individual were identified and subsequently eliminated when calculating any statistics contained in this report. This reduced the sample to 2,241 for this purpose. Data was not displayed for any line of data where the sample size was less than 5. Only medians and means are shown for any line of data where the sample size was between 5 and 9 respondents. This approach is consistent with the safe harbor guidelines published by the U.S. Department of Justice and the U.S. Federal Trade Commission.

Data Confidentiality and Privacy All survey responses are held in the strictest confidence and were collected and tabulated by enetrix. As a third party survey provider, enetrix does not share individual responses with anyone including RIMS employees. To ensure respondent confidentiality, observations based on five or fewer survey responses are not reported for individual categories. However, all responses are included in the "total" calculations. In addition, enetrix will not sell, rent, or trade participant name and contact information (or any such information for any person employed by a participant) to any third party intending to use or distribute such information for marketing-related purposes.

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© 2013 Risk and Insurance Management Society, Inc. (RIMS) I - 8 Introduction and Executive Summary

Interpreting the Data

Data for all pertinent variables should be considered simultaneously when the data is interpreted—especially where the sample size of a subgroup is extremely small. Some respondents may have reported incomes considerably higher or lower than those of the remaining individuals in a subgroup. This would unduly influence the mean for some small subgroups. Therefore, wherever the sample is small and there is a considerable difference between the average and median in a line of data, greater weight should usually be given to the median than to the average. Sometimes, the information reported in a line of data may appear to be inconsistent with that of related data lines. In such cases, the relative sample size of each line of data should be considered. Usually, more confidence should be placed in the line of data having the larger sample size. However, the “rule of reason” should govern. As the definitions imply, one-half of respondents are paid more than the median (50th Percentile), one-quarter more than the 75th percentile, and 10% more than the 90th percentile. Naturally, regional factors and level of responsibility play a large part in determining an individual’s specific income level. Further, as a matter of policy, many employers deliberately set pay rates above the average to attract and retain the best possible employees. Therefore, the fact that an individual’s salary is above some otherwise appropriate statistic need not be a matter of concern.

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© 2013 Risk and Insurance Management Society, Inc. (RIMS) I - 9 Introduction and Executive Summary

About the Survey Instrument and Jobs Surveyed Survey respondents were asked to identify themselves to one of 16 job titles presented on the survey and provide their base salary and short-term incentives granted to them for the past year. In particular, respondents were asked to provide information related to their:

Scope: This term pertains to a particular segmentation of a set of collected data. The scope factors asked for on the survey instrument and outlined for display in this report include: organizational characteristics (ownership type, revenue, industry), geographic location of workplace (e.g., region, state, metro area), level of education, and supervisory responsibility.

Base Salary: The annual, fixed portion of compensation paid to an employee. This is the salary paid to the employee for fulfillment of their essential functions. Base Salary does not include short-term or long-term incentives, differentials, premiums, overtime, benefits, or any other type of variable pay.

Short-term Incentives (STI): An award in the form of cash or another item of value that is contingent upon the achievement of individual, group, or organizational results identified at the beginning of a performance cycle. The short-term performance cycle is normally one-year or less. Short-term incentives are usually, though not always, cash awards. Short-term incentives are sometimes called “bonuses.”

Respondents were asked to a select one of the 16 job titles listed on the following pages that closest matched their current job responsibilities.

Job Title Job Description 1. Chief Risk Officer/Vice President - Risk

Management

Description of Responsibilities: Plans and directs all aspects of an organization's risk management policies, objectives, and initiatives. Responsible for the development and execution of the organization’s enterprise risk and risk appetite frameworks, and related processes to achieve the organization’s short- and long-term strategic, financial and operational goals. Directs the development of the organization’s risk practices as an interrelated risk portfolio to create, capture and protect the enterprise value. Seeks ways to optimize risk decision making in the organization as a competitive advantage, using multiple techniques and solutions. Recognized as a dynamic, proactive and decisive risk leader. Possesses a broad-based operational perspective, an intimate knowledge of internal business processes and understanding of the organization’s industry. Adapts well to and initiates change in the organization. Demonstrates expertise in a variety of the field's concepts, practices, and procedures. Relies on extensive personal leadership skills, network of internal and external alliances, experience and judgment to plan and accomplish goals. Performs a variety of tasks. Leads and directs the work of others. A wide degree of creativity and latitude is expected. Key traits for the individual in this position are: highly developed communications, team player, change agent, strategic and creative, excellent project management skills and the ability to drive performance from all areas within the organization. Position level/Reporting Structure: This person typically reports to the CEO, President, Principal or Executive Director They are identified as the top risk executive in the company and may be the CFO or COO if these positions are identified as the person responsible for all activities relating to risk within the organization.

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© 2013 Risk and Insurance Management Society, Inc. (RIMS) I - 10 Introduction and Executive Summary

Job Title Job Description 2. Director - Enterprise Risk Management

(ERM)

(Combined into the job Director - Enterprise Risk Management (ERM)/Strategic Risk Management / Risk Intelligence)

Description of Responsibilities: Responsible for the leadership, innovation, governance, and management necessary to identify, analyze, evaluate, handle, and monitor the company’s operational and strategic risks. Develops risk management tools, practices, and policies to assess and report enterprise risks, for the organization to manage risks according to an enterprise risk management framework. Ensures the organization's risk management policies and risk strategies are in compliance with applicable regulations, rating agency standards, and strategic imperatives of the organization. Determines the organization’s enterprise risk management architecture / framework. Oversees or monitors key strategic and/or operational risk management activities of the organization. Monitors and analyzes risks within the company's business units and reports on these risks to the Board. Chairs or provides key inputs into the company’s enterprise risk or other committee that oversees the enterprise risk management process and ensures alignment with organizational objectives. This position also may have responsibilities for Insurance and Risk Management and / or Business Continuity Planning activities for the organization. Position level/ Reporting Structure: This person may be a liaison for reporting findings and status to senior executives and/or the organization's board of directors/audit committee. The position typically reports to the Chief Financial Officer, Chief Risk Officer, or other corporate level officer designee.

3. Director - Strategic Risk Management / Risk Intelligence (Combined into the job Director - Enterprise Risk Management (ERM)/Strategic Risk Management / Risk Intelligence)

Description of Responsibilities: Responsible for the leadership and innovation to collaboratively uncover and highlight strategic risks in support of the strategic planning process. Works in partnership with, but generally does not lead, the organization's strategy planning process. Has the authority to challenge the assumptions and logic underlying the cross-functional decisions to enable the decision-makers to more fully plan for uncertainties in achieving the organization's mission, goals and objectives. Develops risk management tools, practices, and policies to assess and report strategic, emerging and dynamic risks to achieving the strategy and those risks arising from the strategy itself. Oversees or monitors deviations from expected outcomes related to key strategic risk management activities of the organization. Monitors and analyzes strategic risks within the company's business units and reports on these risks to the Board. Chairs or provides key inputs into the company's enterprise risk or other committee that oversees the enterprise risk management process and ensures alignment with organization's strategic objectives. Position level/ Reporting Structure: This person may be a liaison for reporting findings and status to senior executives and/or the organization's board of directors/executive committee. The position typically reports to the Chief Financial Officer, Chief Risk Officer, Chief Development Officer or other corporate level officer designee.

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© 2013 Risk and Insurance Management Society, Inc. (RIMS) I - 11 Introduction and Executive Summary

Job Title Job Description 4. Director Financial Risk Management

(Commodity, Credit, Interest Rates, and/or Foreign Currency) (Combined into the job Director - Business Continuity/Financial/IT Risk Management)

Description of Responsibilities: Responsible for the leadership, innovation, governance, and management necessary to identify, evaluate, mitigate, and monitor the company's financial risk. Develops financial risk management tools and practices to analyze and report on financial market risks and to manage risks according to a financial risk management framework and relevant policies. Ensures the organization's financial risk management policies, limits, and strategies are in compliance with applicable regulations, rating agency standards, and strategic imperatives of the organization. Oversees or monitors all financial risk management activities of the organization. Monitors and analyzes financial risks within the company's business units and on a corporate basis. Chairs or provides key inputs into the company's financial risk management committee. Position level/ Reporting Structure: This person may be a liaison for reporting findings and status to senior executives and/or the organization's board of directors/audit committee. The position typically reports to the Chief Financial Officer, Chief Risk Officer, Treasurer or other corporate level officer designee.

5. Director - IT Risk Management (Combined into the job Director - Business Continuity/Financial/IT Risk Management)

Description of Responsibilities: This is a senior information technology risk management position in an organization, with authority to make decisions on major IT risk management issues affecting the organization. This person is usually not the CEO, CFO or COO unless they spend more than 50% of their time directly involved in, and accountable for IT risk management activities/issues affecting the organization. Accountable for implementing IT policies, plans and procedures, and organizational structures designed to provide reasonable assurance that 1) IT is aligned with the achievement of business objectives 2) Undesired events are detected, prevented and corrected and 3) IT risks are managed appropriately. Position level/ Reporting Structure: Reports findings on IT risk exposures to senior executives, and implements IT risk controls. Operationally reports to the Chief Technology Officer, or other corporate level officer designee.

6. Director - Insurance and Risk Management

Description of Responsibilities: This is a senior insurance and risk management position in an organization, with authority to make decisions on risk management issues affecting the organization. This person is usually not the CEO, CFO or COO unless they spend more than 50% of their time directly involved in, and accountable for, risk management activities/issues affecting the organization. Accountable for protecting the achievement of organizational objectives, ensuring effective hazard (typically insurable risks) risk management for the organization and supervising, leading and/or directing key internal risk stakeholders. This person typically is responsible for the process of identifying, measuring and managing insurable or hazard risks, developing reports and plans, and analyzing risk/insurance problems and defining and/or overseeing the implementation of the risk solutions that help avoid, transfer or mitigate risks in order to optimize operations. Position level/ Reporting Structure: Reports findings on risk exposures to senior executives and/or the organization's board of directors, and implements strategies to manage insurable and/or hazard risks. Operationally reports to the Chief Financial Officer, Chief Risk Officer, or other corporate level officer designee.

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© 2013 Risk and Insurance Management Society, Inc. (RIMS) I - 12 Introduction and Executive Summary

Job Title Job Description 7. Director - Business Continuity

Management (Combined into the job Director - Business Continuity/Financial/IT Risk Management)

Description of Responsibilities: Leads corporate wide contingency planning/business continuity efforts regardless of the type of potential disruption. Establishes a strategy, framework and methodology for successful execution of business resiliency plans by internal business units. Drives and delivers effective business continuity strategies to plan, prevent, prepare, respond and, in time of disaster, recover the organization’s critical resources, processes, technology and functions. Coordinates training, communication, and testing of plans. Frequently has a background in IT, audit or control and has earned certification in business continuity planning. Drives and delivers Business Continuity commitment, support, ownership, accountability and results. Designs, builds, and implements standard risk assessment, business impact analysis, and other business continuity tools and capabilities. Directs the continuous and regular training, validation and testing of documented business continuity plans. Position level/ Reporting Structure: Reports findings on business disruption risk exposures to senior executives, and implements business continuity risk controls. Operationally reports to the Chief Technology Officer, Chief Risk Officer, or other corporate level officer designee.

8. Manager - Insurance Management Description of Responsibilities: Responsibilities include directing the purchase of insurance programs, management of claims and loss control activities, management of relationships with third party service providers including brokers, insurers, consultants and other administrators, preparing loss analyses and budgets, identifying exposures, recommending solutions, implementing approved programs, promoting loss prevention, updating and monitoring compliance with insurance procedures and managing safety/risk management manuals.

9. Employee Benefits Manager Description of Responsibilities: Responsible for the direction and management of the organization’s employee benefits program. Develops and administers plans through coordination with professional consultants and technical experts in the legal, medical, actuarial, accounting, financial, economics, labor relations, and communications disciplines. The benefits program administration includes designing and financing the plans, controlling costs, communicating benefits to employees, and keeping abreast of government legislation affecting employee benefit plans.

10. Claims Manager Description of Responsibilities: Mitigates an organization’s exposure to risk by formulating, developing, and coordinating all claims-related activities, as well as resolving bona fide claims at the least possible cost through various risk transfer techniques. Directs a program to ensure the proper and efficient handling of claims, gathering data on claims for both record keeping and loss forecasting purposes, and estimating the financial value of claims. Is also responsible for post loss reduction techniques such as salvage, subrogation and rehabilitation.

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© 2013 Risk and Insurance Management Society, Inc. (RIMS) I - 13 Introduction and Executive Summary

Job Title Job Description 11. Workers' Compensation Claims

Manager

Description of Responsibilities: Manages accountabilities in the administration of first and third party worker’s compensation claims. This role manages domestic and/or international claim management strategies critical to the organization's success. Understands and operationalizes programs, policies, and procedures for: reporting, investigation, and analysis; litigation management; resolution/outcome management; and the delivery of claim information. Manages litigated and moderately complex claims and is entrusted with significant settlement authority. Understands and communicates claims management philosophy and strategy to business unit and regional management. Builds, maintains, and manages relationships with claims adjusters, insurers, outside legal counsel, and other claims related parties. Ensures external reporting requirements are met. Operationalizes the design, analysis and delivery of claim information which influences risk management behavior through performance metrics and benchmarking.

12. Environmental, Health or Safety Manager

Description of Responsibilities: Formulates, develops, and coordinates safety and loss control functions of the organization. Designs and directs a program to reduce accidents, occupational illnesses, and exposure to long-term health hazards through safety-training of supervisors and managers, planned inspections, skill training, first-aid care, emergency preparedness, proper job instruction, new employee indoctrination, physical protection, planned job observation, rules and practices, job analysis/procedures, disposal procedures, and protective equipment. Maintains compliance with governmental regulatory agencies. Responsible for identifying causes of past accidents for taking corrective measures.

13. Risk Management Analyst (Enterprise-Wide)

Description of Responsibilities: Supports the risk manager regarding all aspects of the enterprise-wide risk management program. Responsibilities include facilitating the identification of risks throughout the organization, developing, reporting and monitoring formats on risk management issues and developing methodologies for the assessment of risks throughout the organization.

14. Risk Management Analyst (Financial Risk - Commodity, Credit, Interest Rates, and/or Foreign Currency)

(Combined into the job Risk Management Analyst)

Description of Responsibilities: Supports the risk manager regarding all aspects of a financial risk management program. Responsibilities include the development, implementation and application of risk metrics and methodologies and the monitoring, analysis and reporting of financial risk exposures. Supports organizational compliance with risk policies through regular risk exposure monitoring and reporting. Responsible for documenting and reporting risk policy exceptions to risk committee.

15. Risk Management Analyst (Insurance)

(Combined into the job Risk Management Analyst)

Description of Responsibilities: Supports department manager regarding all aspects of corporate insurance programs. Responsibilities include compilation of underwriting information and coverage placement, claims administration, loss forecasting, and analysis to assist in loss reduction.

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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

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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.

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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.

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Participant List – U.S. Respondents Respondents from over 1,561 U.S. organizations participated in the 2013 Risk Management Compensation Survey. These U.S. organizations include:

A Plus Benefits

A&P

A. Duie Pyle, Inc.

AAA, Inc.

AAFES

AAR CORP.

AARP

ABB Inc.

ABM

Academy Sports + Outdoors

Acadia Healthcare Company

Acadia Realty Trust

ACCO Brands

ACCO Engineered Systems

ACE Cash Express, Inc.

Ace Hardware Corporation

ACG

Acme Brick Company

Acuity Brands, Inc.

Ada County

Adecco

ADM

Admiral Beverage Company

Adobe

ADP

ADS Waste Holdings, Inc.

Advance Auto Parts

Adventist Health

AEG Facilities

Aerotek

AES Corporation

Affinia Group Inc.

Affinity Federal Credit Union

Affinity Plus Federal Credit Union

AFG

Aflac

Ag Processing Inc. A Cooperative

Agilent Technologies

AGL Resources Inc.

Agrium Retail (Crop Production Services, Inc.)

Ahold USA

Ahtna Netiye', Inc.

Aimco

Air Methods

Airgas, Inc.

AkzoNobel Inc.

Alaska Air Group, Inc.

Alcoa, Inc.

Aldridge Electric, Inc.

Alere San Diego

Alexis Risk Management Services, LLC

Alfa Insurance Company

ALL Erection & Crane Rental

Allegheny Technologies Incorporated

Allegis Group

Allergan

ALLETE, Inc.

Alliant Credit Union

Alliant Energy Corporation

Allianz of America

Allied Systems Holdings, Inc.

Allstate

Alon USA

Alpha Natural Resources

Alsco Inc.

Alstom

Alticor Inc.

Altria Group, Inc.

Ameren Services Company

American Capital Ltd

American Cast Iron Pipe Company

American Crystal Sugar Company

American Eagle Outfitters

American Electric Power

American Express Company

American Family Mutual Insurance Company

American Licorice

American Red Cross

American Signature Inc.

American Transmission Co Inc.

American Water

Amerijet Holdings, Inc.

Ameriprise Financial, Inc.

AmerisourceBergen Corporation

Ameristar Casino

Ameritas Life Insurance Corp.

AMLI Residential

AMN Healthcare

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Amsted Industries Inc.

Amtrak

Anderson Merchandisers

Andritz (USA) Inc.

ANN INC.

Anson Industries Inc.

AO Smith

AON

Apache Corporation

APC

Applied Industrial Technologies

APS

ARAMARK

Arby's Restaurant Group, Inc.

Archdiocese of Denver

Archdiocese of Philadelphia

Archer Daniels Midland

Archstone

Arena Energy

AREVA

ARG Resources, LLC

Ariba Inc

Arizona Chemical Holdings Corp.

Arizona Public Service

Arizona State University

Arizona's G&T Cooperatives

Arkansas Best Corporation

ARMC

ArrMaz Products, L.P.

ASARCO LLC

Ascension Health Alliance

Ash Grove Cement Company

Ashford Hospitality Trust, Inc.

Ashley Furniture Industries, Inc.

Aspen Dental Management

Asplundh Tree Expert Co

Associated Electric Cooperative, Inc.

Associated Wholesale Grocers, Inc.

AT

ATC Transportation LLC

Athens-Clarke County

ATI

Atmos Energy Corporation

ATP Oil & Gas Corporation

Auburn University

Aultman Health Foundation

Aurora Public Schools

Austin Industries

Automotive Rentals, Inc.

Avanade Inc.

Avery Dennison Corporation

Avis Budget Group, Inc.

AVX Corporation

Babcock Power Inc.

BAE Systems Ship Repair, Inc.

Baker Concrete Construction, Inc.

Baker Hughes Incorporated

Bank of America

Bank of Hawaii

Bank of the West

Banner Health

Baptist Health South Florida

Baptist Health System, Inc.

Baptist Memorial Health Care Corporation

Barnes & Noble, Inc.

Barrick Gold of North America, Inc.

Basic American Foods

BASIC ENERGY SERVICES LP

Basin Electric Power Cooperative

Bausch + Lomb

Baxter International

BayCare Health System, Inc.

Baylor Health Care System

BBSI

BCBSLA

Bealls Inc.

Beaumont Health System

Behringer Harvard

Bell Laboratories Inc.

Belz Investco GP

Ben E Keith company

Benderson Development Company, LLC

Benton County PUD

Berwind Corporation

Best Buy

Bethesda Associates

BHP Billiton

BIC Group

Big 5 Corp.

Big Lots, Inc.

BI-LO Holding, LLC

Bimbo Bakeries USA

BI-STATE DEVELOPMENT AGENCY DBA METRO

BJC HealthCare

BJ's Restaurants, Inc.

BJ's Wholesale Club, Inc.

Black & Veatch

Black Hills Corporation

Blackrock

Block Communications, Inc.

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Blood & Tissue Center of Central Texas

Blue Cross Blue Shield

Blue Cross Blue Shield of Arizona

Blue Cross Blue Shield of Florida

Blue Cross Blue Shield of Michigan

Blue Cross Blue Shield of North Carolina

Blue Cross Blue Shield of RI

BMC Software Inc.

BMHCC

BMW Manufacturing Company, LLC

BNP Paribas

Boart Longyear Company

Bob Evans Farms, Inc.

Boehringer Ingelheim USA Corp

Boise Inc.

Bollinger Shipyards, Inc.

Bonfils Blood Center

Bonneville Power Administration

Boston College

Boston Globe

Boston Scientific Corporation

Boston University

Boulder County Government

BP Corporation North America Inc.

Brand Energy & Infrastructure Services

Brandywine Realty Trust

Brazos Electric Cooperative

Bridgestone Americas / Firestone Building Products

Bristol Bay Native Corporation

Broadridge Financial Solutions, Inc.

Broward County Government

Brown and Caldwell

Brown Shoe Company, Inc.

Brown-Forman Corporation

BSC

Buffalo Wild Wings

Buffets, Inc.

Building Materials Corporation of America

Bunge Ltd.

Burlington Coat Factory

Burlington Electric Department

Butterball, LLC

C A P

C.L. Thomas, Inc.

C.W. Wright Construction Company, Inc.

CA, Inc.

Cabela's

Cablevision System Corp

Cabot Corporation

California Self-Insurers' Security Fund

Calpine Corporation

Camden Property Trust

Cameron International corp.

Campbell Soup Company

Canterbury Park

Capital Group

Capital Metropolitan Transportation Authority

Capital One Financial Corp

Capital Pumping

CAPS Payroll

Cardinal Health, Inc.

CareFusion Corporation

Cargill, Incorporated

Carilion Clinic

Carlson

Cash America International

Caterpillar

Catholic Mutual Group

CBRE

CBS Corporation

CC Industries

CCA

CCA of TN, LLC

CDI Corporation

CEC Entertainment, inc.

Celanese Corporation

Center for Diagnostic Imaging

Centerline Capital Group

Centerplate

CenterPoint Properties Trust

Central Arkansas Risk Mgmt. Assn.

Central Parking System

Century Aluminum Company

CenturyLink, Inc.

CFI

CH Energy Group

CH2M HILL Companies Ltd

CHA

Charlotte County

Charter Communications

Chemetall US, Inc.

Chevron Phillips Chemical Company

Chicago Bridge & Iron Company

Chicago Housing Authority

Chicago Public Schools

Chickasaw Nation Industries

Children's Institute, Inc.

Chilton Hospital

Choice Hotels International, Inc.

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CHRISTUS Health

CHS Inc.

CIBC World Markets Corp.

Cigna Corporation

Cincinnati Children's

Cintas Corporation

Cisco Systems, Inc.

Citizens Energy Group

Citizens Property Insurance Corporation

Citrix

City and County of Denver

City and County of San Francisco

City of Arvada

City of Atlanta

City of Aurora Colorado

City of Baltimore

City of Boise ID

City of Boynton Beach, FL

City of Bryan, TX

city of Carrollton

City of Champaign

City of Charlotte

City of Charlotte, Mecklenburg County, Charlotte-Mecklenburg Schools

City of Chula Vista

City of Colorado Springs

City of Coral Springs

City of Delray Beach

City of Fontana

City of Hillsboro

City of Huntsville

City of Jacksonville

City of Long Beach

City of Los Angeles

City of Memphis

City of Mesquite

City of Minneapolis

City of Naples

City of Norfolk, Virginia

City of Ocala

City of Philadelphia

City of Richmond VA

City of Saint Paul

City of San Antonio

City of Santa Monica

City of Saratoga Springs, NY

City of Seattle

City of Seattle Risk Management Division

City of Tamarac

City of Tampa

City of Waco

City of Westminster

City Utilities of Springfield, Missouri

Clark County NV Dept of Aviation

CLAY ELECTRIC COOPERATIVE INC

Clean Water services

Clemson University

Cleveland Clinic

Cleveland Group, Inc.

Cliffs Natural Resources Inc.

ClubCorp USA, Inc.

CMS Energy / Consumers Energy

CNA

CNL Financial Group, Inc.

Coachella Valley Water District

Coca - Cola Bottling Company United , Inc.

Coca-Cola Bottling Co. Consolidated

Coherent

Coinstar, Inc.

Cole Capital

Collier County, Florida Board of Commissioners

Collin County Government

Colonial Williamsburg Foundation

Colorado Springs Utilities

Columbia University

Comcast Corporation

Comerica Bank

Commerce Bancshares Inc.

Commercial Metals Company

Commonwealth of Virginia

Communications Test Design Inc.

Community College of Allegheny County

Community Credit Union of Lynn

Community Health Systems

Community of Christ

Company ABC

Compass Group

Compass Minerals

Comporium

CompuCom Systems, Inc.

Computer Sciences Corporation

Computershare

Compuware Corp.

Con Edison, Inc.

ConAgra Foods

ConAm Management Corp

Concentra

ConocoPhillips

CONSOL Energy Inc.

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Consolidated Electrical Distributors, Inc.

Consolidated Graphics, Inc.

Construction Company

Consumer Products

Continental Automotive, Inc.

Continental Energy Systems, LLC

Contran Corporation

Convergys

Con-way Inc.

Cook Inlet Region, Inc.

COORSTEK, INC

CoreLogic, Inc.

Corizon

Cornerstone Real Estate Advisers LLC

Corning Incorporated

Corp Risk Management

Corporate Office Properties Trust

COSCO Americas, Inc.

Coty Inc.

County Government

County of Charleston, SC

County of Kent, Michigan

County of Los Angeles

County of Marin

County of Maui

County of Orange

Covanta Energy Corporation

Covenant Retirement Communities

Covenant Services Worldwide LLC

Coventry Health Care, Inc.

Covidien

Cox Enterprises

CPS Energy

CR England

Craftworks Restaurants & Breweries, Inc.

Crane & Co., Inc.

Crescent Hotels & Resorts, LLC

CRM

Cross Country Healthcare, Inc.

CROSSMARK Inc

Crowley Maritime Corporation

Crown Holdings, Inc.

Crozer-Keystone Health System

CSC

CSL Behring

CSX TRANSPORTATION

CubeSmart

Cubic Corp.

Cummins Inc.

CUNA Mutual Group

CVS Caremark Corporation

CW Financial Services LLC

CWS Apartment Homes LLC

Cytec Industries Inc.

D E Harvey Builders

Daily Express, Inc.

Dairy Farmers of America, Inc.

Dairyland Power Cooperative

Danos & Curole Marine Contractors, LLC

Dartmouth College

Dassault Falcon Jet Corp

Daughters of Charity Health System

Dave & Buster's

Dayton Freight Lines, Inc.

Dayton Power & Light

Dayton Rogers Mfg. Co.

DCT Industrial

DDR Corp.

Dead River Company

Dean Clinic

Dean Foods Company

Dean Health Systems, Inc.

DecisionHR/Bankers Financial Corp

Deere & Company

Del Monte Corporation

Delaware Transit Corporation

Dell Inc.

Deloitte LLP

Delphi Automotive

Delta Air Lines

Denton County

Denver Health and Hospital Authority

Denver Water

Department of Aviation

DePaul University

Devon Energy Corporation

DFA

DHL

DHL/Exel Supply Chain

Diamond Resorts International

Diebold, Inc.

Digital Realty Trust

DineEquity

DIRECTV

Discover Financial Services

Discovery Communications

Disney

District School Board of Pasco County

Dole Food Company, Inc.

Dollar General Corporation

Doosan Inracore International

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Douglas County School District

Dover Corporation

Dow Corning

DPSG

Dr. Pepper Snapple Group

Draper and Kramer Inc.

DRS Technologies

DST Systems, Inc.

DTCC

DTNA

Duke University

Duke University Health System

Dunbar Armored, Inc.

Durham County

E. D. Bullard Company

East Carolina University

eBay, Inc.

ECMCC

Ecolab Inc.

El Paso Electric

Electric Boat Corporation

Eli Lilly & Company

Elizabeth Arden Spas, Inc.

Elkay Manufacturing

EMC Corporation

Emerald Queen Casino

Emergency Medical Services Corporation

Employee Solutions

Energy Future Holdings Corp.

Ensign-Bickford Industries, Inc.

Entergy Corporation

EOG Resources, Inc.

EQT Corporation

Equinix, Inc.

Equity Residential

Ergon, Inc.

Ericsson Inc.

ERM

Ernst & Young

ESCO Corporation

ESL Federal Credit Union

Estee Lauder

ETS

Everett Smith Group, Ltd.

Evonik Corporation

Exide Technologies

Exopack

EXPRESS

Express Energy Services Operating, L.P.

Extensis Group LLC

Exterran

Extra Space Storage

Fairbanks North Star Borough

FairPoint Communications

Fairview Health Services

Family Dollar

Faurecia USA Holdings, Inc.

FCCServices, Inc.

FCSRMC

Federated Investors, Inc.

FedEx

FedEx Custom Critical, Inc.

FedEx Office and Print Services, Inc.

Ferguson Enterprises

Ferro Corporation

Fidelity Natonal Financial

FINRA

Fired Up Restaurant Concepts

First Data Corporation

First Horizon National Corporation

First Industrial Realty Trust, Inc.

First National Bank Alaska

First Niagara Financial Group, Inc.

FirstEnergy Corp.

Fisher Brothers

Flad Affiliated Corp

Flexcon Company, Inc.

Flextronics

Flint Group

Flint Hills Resources

Florida Blue

Florida College System Risk Management Consortium

Florida Conference UMC

Florida East Coast Railway

Flowers Foods

Fluidmaster Inc.

Fluor Corporation

FMC Technologies

FOJP Service Corporation

Forest River, Inc.

Fort Bend County

Fortune Brands Home & Security, Inc.

Fox Entertainment Group

Freeport LNG

Fresh & Easy Neighborhood Market Inc.

Frito-Lay

G&D Integrated

G&K Services, Inc.

G6 Hospitality, LLC

Gamestop

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Gardner Denver, Inc.

GATX Corporation

Gavilon Group LLC

Gaylor, Inc.

GD

GEICO Insurance

General Cable

Georgia Department of Administrative Services

Georgia Ports Authority

Georgia Power Company

GeorgiaEMC Workers' Comp Fund

GID Investment Advisers LLC

Girl Scouts of the USA

GlobalFoundries

GM

GMR Marketing LLC

GNE

Godiva Chocolatier, Inc.

Gold Coast Beverage Distributors, Inc.

Golden Corral Corporation

Golden State Foods

Goodwin Company

Google

Gordon Food Service

GrafTech International Holdings Inc.

Graphic Packaging International

Graybar Electric Company, Inc.

Great River Energy

Green Bay Packaging Inc.

Griffith Laboratories, Inc.

Grifols, Inc.

Grocers Supply Co.

GROWMARK, Inc.

GS

GTECH Corporation

Guardian Industries Corp.

Guess? Inc.

GuideStone Financial Resources

Guilford C/C IAC

Gulf Coast Regional Blood Center

GulfMark Offshore Inc.

Gwinnett County Board of Commissioners

Gypsum Management and Supply, Inc.

H J Heinz

H O Penn Machinery

H&E Equipment Services, Inc.

H&S

Halliburton

Hanesbrands

Hankey Group

Harris Corporation

Harris Teeter

HARRP

Hartz Mountain Industries

Harvard Maintenance Inc.

Harvard University

Harvest Facility Holdings, LP

Hawaii Pacific Health

Hawaiian Dredging Construction Company

Hawaiian Electric Company

Haworth, Inc.

HCA

HCC Insurance Holdings, Inc.

HCP, Inc.

HCSC

HD Supply, Inc.

HDI-Gerling America Insurance Company

Health Care REIT, Inc.

Health Net, Inc.

Heartland Food LLC

H-E-B

HEC

Heidelberg USA, Inc.

Heitman

Helena Chemical Company

Helpmates Staffing Services

Hendrick Automotive Group

Henkel Corporation

Henry Schein, Inc.

Hewlett-Packard

HFC

HIA

Highmark Inc.

Highwoods Properties

Hilcorp Energy Company

Hill-Rom Holdings, Inc.

Hillshire Brands Company

Hines

Hines Interest Limited Partnership

Historic Tours of America, Inc.

HNI Corporation

HNTB Companies

Hobby Lobby Stores, Inc.

Holcim (US) Inc.

Holiday Retirement

Holman Automotive Group, Inc.

Holy Redeemer Health System

Holy Spirit Health System

Home Depot

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Home Properties

Honda North America, Inc.

Honeywell International Inc.

Hormel Foods Corporation

Hospira, Inc.

Hot Topic

Housing Authorities Risk Retention Pool

Houston ISD

HSBC North America

HSN

Hubbell Incorporated

Huhtamaki

Hunt Oil Company

Hunter Roberts Construction Group, LLC

Huntsman Corporation

Hyatt Hotels Corporation

HYDRITE CHEMICAL CO.

IAC

IAP Worldwide Services, Inc

Icahn Associates

Icahn Sourcing LLC

ICMA-RC

Idacorp/Idaho Power

IDI, Inc.

IEEE

IGT

IHG

Ikaria, Inc.

IKEA USA

Ilitch Holdings, Inc.

Illinois Tool Works Inc.

IMS Health

Independent Health

ING U.S.

Ingram Micro Inc.

Ingredion Incorporated

Inland Risk & Insurance Management Services, Inc.

Insite Managed Solutions

Intel Corporation

Interim Healthcare, Inc.

Intermec, Inc.

International Paper Company

International Rectifier Corp

International Sos

International-Matex Tank Terminals

International Speedway Corp.

Interstate Distributor Co.

Interstate Hotels and Resorts

Intrawest

Iron Mountain

ISMIE Mutual Insurance Company

iStar Financial Inc.

Ithaca College

ITW

IWIF

J.M. Huber Corporation

Jabil Circuit

Jackson County

James G. Davis Construction Corporation

JBS

JCPenney

Jefferson Health System

Jefferson Parish Government

JELD-WEN

Jennie-O Turkey Store

JMC Steel Group

Jo-Ann Stores, Inc.

Johns Hopkins Health System

Johns Manville

Johnson Controls, Inc.

Johnson Financial Group

Jones Lang LaSalle

Joy Global Inc.

JPMorgan Chase

Juniper Networks, Inc.

Kaiser Foundation Health Polan

Kaiser Permanente

Kaman Corp

Kansas City Power & Light

Kansas City Southern

Kansas Gas Service

KAR

KCI

KCP&L

Kemira

Kenai Peninsula Borough

Kennesaw State University

Kent Corporation

Kentucky Association of Counties

Kentucky League of Cities

Keolis America

KeyCorp

Keystone Foods LLC

Kimberly-Clark Corporation

Kinder Morgan, Inc.

King County Housing Authority

Kohl's Department Stores

KONE Inc.

Koniag, Inc.

Kosmos Energy

Kraft Foods Group, Inc.

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Krones, Inc.

Krueger International, Inc.

KSH

Kyocera International

L-3 Communications Corporation

LA84 Foundation

Labor Finders International, Inc.

LACMTA

Lambert-St. Louis International Airport

LANDSTAR SYSTEM, INC

Lane Industries Incorporated

Laramar Group

Laureate Education, Inc.

LBA Realty LLC

LDRY

LDS Risk Management Division

Lee County Electric Co-Op, Inc

Leggett & Platt Incorporated

LEGO Systems, Inc.

LEGOLAND California Resort

LEGOLAND Florida/Merlin Entertainments Group

Lehi city corp.

Lehman Brothers Holdings Inc.

Lennar Corporation

Lennox International Inc.

Leprino Foods Co

Leupold & Stevens, Inc.

Level3 Communications

Leviton Manufacturing Co., Inc.

Lexmark International, Inc.

Liberty Diversified International

Life Technologies

Life Time Fitness

Lifespan Risk Services

Lifetouch

LifeWay Christian Resources

Lincoln Electric Holdings Inc.

Lincoln National Corporation

Lipscomb University

LKQ Corporation

LNR Property LLC

Lockheed Martin

Logan's Roadhouse

Loma Linda University Health System

Loomis Armored US, LLC

L'Oreal USA

Lorillard Tobacco Company

Los Angeles County Fire Department

Lowe Enterprises, Inc.

Lowe's Companies, Inc.

Loyola University

LRRI

LSI Corporation

LTD America Total Care, Inc.

Luxottica

LyondellBasell Industries, N.V.

M&T Bank

M/I Homes Inc.

Macerich

MacLean-Fogg Company

Macy's

Madison Gas and Electric Company

Maersk Inc.

Mafco

Magee Rehabilitation Hospital

Magellan Midstream Partners, L.P.

Maher Terminals LLC

Management & Training Corporation

Mandalay Bay Resort & Casino

ManTech International Corporation

Marathon Oil Corporation

Marion County Board of County Commissioners

Marriot Vacation Clubs Worldwide

Marriott International, Inc.

Marriott Vacations Worldwide Corporation

Marsh & McLennan Companies, Inc.

Martin Marietta Materials

Marubeni America Corp

Mary Kay Inc.

Maryland Medicine Comprehensive Insurance Program

Marymount University

MasterCard

Mather LifeWays

Matrix Service Company

Matson, Inc.

Mattress Firm

MAXIMUS, Inc.

Maxion Wheels

McCarthy

McCormack Baron

McCoy's Building Supply

McDermott International

McGuireWoods LLP

MCIT

McKee

McKee Foods Corporation

McKesson Corporation

MDU Resources Group, Inc.

MeadWestvaco Corporation

Page 32: 2013 Risk Management Compensation Survey - RIMS

2013 Risk Management Compensation Survey

© 2013 Risk and Insurance Management Society, Inc. (RIMS) II - 10 U.S. Participant List

MediaNews Group

Medical College of Wisconsin

MEDNAX

Meijer

Melton Truck Lines

Memorial Health System

Memorial Hermann Health System

Memphis Light, Gas & Water Division

Merchants Insurance Group

Merck & Co., Inc.

Mercy

Merrick & Company

Messinger Mortuary & Chapel, Inc.

Metaldyne, LLC

Metro

Metro National Corporation

MetroPCS

Metropolitan Stevedore Company

Metropolitan Transit Authority of Harris County

Metropolitan Washington Airports Authority

Metropolitan Water Reclamation District of Greater Chicago

MFS

Miami Dade College

Miami-Dade County Public Schools

Michelin North America

Michels Corporation

Michigan Catholic Conference

Micron Technology, Inc.

Microsoft Corporation

Milagro Exporation

Millennium: The Takeda Oncology Company

Miller Pipeline

Milwaukee County Wisconsin

MiraCosta Community College District

MISO

MITRE Corporation

MMCIP

MNAI

Mohave County

Molson Coors Brewing Company

Momentive Specialty Chemicals

Mondelez International

Monroe County BOCC

Montana State University

Montgomery County Maryland

Montgomery County Public Schools

Moog Inc.

Moose International, Inc.

Morgan

Morgan Stanley

Morgans Hotel Group

Morton Salt, Inc.

Motorola Solutions, Inc.

MRA

MRIGlobal

MTC

MultiCare Health System

Multnomah County

Multnomah County Oregon

Municipal Government

Murphy-Hoffman Company

Nabors Drilling

Nabors Industries

NACCO Materials Handling Group, Inc.

NAES Corporation

NANA Development Corp

Nash Finch Company

National Cement Company Inc.

National Financial Partners Corp.

National Life Group

National Multiple Sclerosis Society

National Water Utility

Nationwide Insurance Company

Navistar, Inc.

NAVY EXCHANGE SERVICE COMMAND

Navy Pier, Inc.

NCI Building Systems Inc.

NE Ohio Regional Sewer District

Nebraska Public Power District

NEC Corporation of America

Nestle

NetApp Inc.

NetJets Inc.

New Mexico association of counties

New York City Housing Authority

New York Life Insurance Company

New York Power Authority

New York University

Newegg Inc.

Newell Rubbermaid Inc.

NewPage Corporation

NextEra Energy, Inc.

Niagara Frontier Transportation Authority

Nichols Companies

NII Holdings, Inc.

Nike, Inc.

Nissan North America, Inc.

Noble Drilling Services Inc.

Page 33: 2013 Risk Management Compensation Survey - RIMS

2013 Risk Management Compensation Survey

© 2013 Risk and Insurance Management Society, Inc. (RIMS) II - 11 U.S. Participant List

Noble Energy, Inc.

Noodles & Company

Nordson Corporation

North American Family Institute

Northern Tier Energy LLC

Northern Trust Services, Inc.

Northrop Grumman Corporation

Northwest Evaluation Association

NorthWestern Energy

NOVA Chemicals Corporation

Nova Southeastern University, Inc.

Novartis Corporation

Novelis Inc.

NRECA

NRG Energy Inc.

Nueterra

NuStar Energy

NV Energy, Inc.

NYC Housing Authority

NYK Group America's Inc.

NYU

Occidental Petroleum Corporation

Ocean Spray Cranberries, Inc.

Office Depot

OfficeMax Incorporated

Oglethorpe Power Corporation

OHSU

OIA Global

Ojai Valley Inn & Spa 905 Country Club Road

Old Dominion Electric Cooperative

Omaha Steaks

Omni Hotels

OmniTRAX, Inx.

OMNOVA Solutions Inc.

ONEOK, INC.

OPPD

Oracle

Orange County Government

Orange County Sanitation District

Orange County Transportation Authority

Orbital Sciences Corporation

Orbitz World Wide

Orchard Supply Hardware

Oregon Child Development Coalition, Inc.

Oregon Health & Science University

O'Reilly Auto Parts

Osage Casinos

OSC

Oshkosh Corporation

OSI Group, LLC

OTB Acquisition LLC

Otter Tail Corporation

Owens & Minor Inc.

Owens Corning

Oxbow Corporation

P.H. Glatfelter

PA American Water

PACCAR Inc.

Pace Suburban Bus

Pacific Coast Companies Inc.

Pacific Dental Services

Pacific Gas and Electric

Palm Beach County Board of County Commissioners

Palo Alto Medical Foundation

Pamida Stores Operating Co.,

Panalpina, Inc.

Panasonic Corporation of North America

PANYNJ

Paramount Staffing

Parker Drilling

Payless ShoeSource, Inc.

pcusa

Peabody Energy

PeaceHealth

Pearson plc

Pennsylvania Real Estate Investment Trust

Penske Automotive Group, Inc.

Penske Truck Leasing

Pepco Holdings, Inc.

People’s United Bank

PepsiCo, Inc.

Perdue Farms Inc.

Perryman Company

Petco Animal Supplies, Inc.

PetroQuest Energy

PetSmart Inc.

Pfizer Inc.

PGA TOUR, Inc.

PHH Corporation

Philadelphia Gas Works

Phillips 66

Physicians Liability Insurance Company

Piedmont Natural Gas

Pier 1 Imports, Inc.

Pierce County

Pinellas Suncoast Transit Authority

Pinnacle Entertainment

Pinnacle West Capital Corporation

Page 34: 2013 Risk Management Compensation Survey - RIMS

2013 Risk Management Compensation Survey

© 2013 Risk and Insurance Management Society, Inc. (RIMS) II - 12 U.S. Participant List

Pioneer Natural Resources

Pitney Bowes Inc.

PLICO

Plum Creek Timber Company, Inc.

PNC Financial Services Group, Inc.

PNM Resources, Inc.

Port of Portland

Port of Seattle

Portillo's Hot Dogs, Inc.

Power Construction Co, LLC

PPG

PPL Corporation

Praxair Inc.

Precision Castparts Corp.

Premera Blue Cross

PrideStaff Inc.

Princeton University

Principal Real Estate Investors

ProBuild Holdings

Progressive Waste Solutions

Prologis, Inc.

Providence Alaska Medical Center

Providence Service Corporation

Prudential

PSC LLC

PSS World Medical

Public Utilities Risk Management Association

Public Utility District No. 1 of Snohomish County

Puget Sound Energy Holdings

Pule Group, Inc.

Pulic Utility District #2 of Grant County, WA

Purdue University

Putnam Investments, LLC

PVH Corp.

QBE Holdings, Inc.

QBE Insurance Group-North America

QHS

Quad/Graphics, Inc.

Qualcomm Incorporated

Quanta Services, Inc.

Quantum Corporation

Queen's Health Systems

Quintiles Transnational Holdings Inc.

R&B Realty Group

R. L. Polk & Co.

R.D. Offutt Company

Radian Group

Ralph Lauren Corporation

Randstad

Range Resources Corporation

RBS-Citizens Financial Group, Inc.

RCID

Realogy Holdings Corp

Recall

Red Bull North America, Inc.

Red Hat, Inc.

Red Robin International, Inc.

Red Spot Paint & Varnish Co., Inc.

Red Wing Shoe Company

Reed Elsevier

Regency Centers Corporation

Regis Corporation

Renewable Energy Systems Inc. (RES)

Renown Health

Rentokil Initial USA, LLC

Renzenberger

Republic Financial

Rexnord Corporation

Reyes Holdings

Rice University

Ricoh Americas Corporation

Ricoh Production Print Solutions

Rio Tinto

Risk Management & Insurance

Rite-Aide

Rjl

Rockefeller Group International, Inc.

RockTenn Company

Rockwell Automation, Inc.

Rockwell Collins, Inc.

Rockwood Specialties

Roll Global

Rollins Inc. Risk Management

Roquette America, Inc.

Ross Stores, Inc.

Rotary International

Roth Staffing Companies

Roto-Rooter Services Company

Roux Associates, Inc.

Royal Caribbean Cruises Ltd

RREEF

RTD

Ruan Transportation Management Systems, Inc.

Rutgers, The State university

Ryder System, Inc.

S. C. State Ports Authority

Safety Insurance Company

Safeway Group Holding, LLC

Sage Software

Page 35: 2013 Risk Management Compensation Survey - RIMS

2013 Risk Management Compensation Survey

© 2013 Risk and Insurance Management Society, Inc. (RIMS) II - 13 U.S. Participant List

Saia Motor Freight Line, LLC

Saia, Inc.

Saint Gobain Corporation

Salt Lake County

Salt River Project

Saltchuk Resources, Inc.

San Diego County Regional Airport Authority

San Diego County Schools JPA

San Diego Padres

San Diego Regional County Airport Authority

San Francisco International Airport

San Francisco Public Utilities Commission

San Francisco Unified School District

SanDisk

Sandvik, Inc.

Santa Clara Valley Transportation Authority

Santa Clara Valley Water District

Santee Cooper Power

SAP America, Inc.

SAS Institute Inc.

Saulsbury Industries, Inc.

Savage Companies

Savage Services Corporation

SCANA

Schneider Electric

Schnitzer Steel Industries, Inc.

Scholastic Inc.

School Boards Insurance Company of Pennsylvania, Inc.

School District of Palm Beach County

Schweitzer Engineering Laboratories, Inc.

Scripps Health

Scripps Networks Interactive, Inc.

SCU

Securian Financial Group

Sedgwick

Seeno Companies

SEIKO Corporation of America

SEMCO Energy, Inc.

Sentara Healthcare

Sentry Insurance

Servicemaster

Shamrock Foods Company

Shriners Hospitals for Children

Siemens Corporation

Siemens Enterprise Communications

Siemens Industry Inc. Water Technologies Business Unit

Sierra Nevada Corporation

Sigma-Aldrich

SII

Silverstein Properties, Inc.

Simon Property Group

Sinclair Oil Corporation

Skilled Healthcare, LLC

Smart & Final

Smith & Nephew

Smithsonian Institution

SMS Holdings Corporation

SMU

SMUD

Snap-on Incorporated

Snohomish County

Snyder's-Lance, Inc.

Sodexo Remote Sites

Solid Waste Authority of Palm Beach County

Solix, Inc.

Solvay

Sonoco Products Corporation

Sony Corporation of America

Sony Pictures Entertainment

SOS Staffing Services, Inc.

South Coast AQMD

South Jersey Industries, Inc.

Southcoast Health Sytsem

Southern Company Services

Southern Methodist University

Southern Ute Indian Tribe Growth Fund

Southwest Florida Water Management District

Southwest Gas

Southwest Research Institute

Spectrum Health

Sprint Nextel

Sprint Nextel Corp

St Louis Convention & Visitors Commission

Standard Motor Products

Standard Parking Corporation

StandardAero

Stanford University

Stanley Black & Decker, Inc.

Starbucks Coffee Company

Starwood Hotels & Resorts Worldwide Inc.

State Compensation Insurance Fund

State of Connecticut

Page 36: 2013 Risk Management Compensation Survey - RIMS

2013 Risk Management Compensation Survey

© 2013 Risk and Insurance Management Society, Inc. (RIMS) II - 14 U.S. Participant List

State of Florida - Dept. of Management Services

State of Louisiana Office of Risk Management

State of Nevada

State of Oregon

State of Utah Risk Management

State of Washington Department of Enterprise Services

State of Wisconsin-Dept of Administration

State Office of Risk Management, Texas

Station Casinos

Statutory Liquidations

Steelcase Inc.

STERIS Corporation

Sterling Bank

Sterling Jewelers Inc.

Stewart & Stevenson LLC

Stewart Enterprises Inc.

Stonebridge Companies

STP Nuclear Operating Company

Structural Integrity Associates, Inc.

Stryker

Subaru of America, Inc.

Suburban Propane, L.P.

Suffolk Transportation Services, Inc.

Sunoco Inc.

Sunstate Equipment Co.

Sunsweet Growers Inc.

SunTrust Banks Inc.

Supermedia

SUPERVALU

Sutter Health

Swift Energy Operating, LLC

Syar Industries Inc.

Syngenta Corporation

Synovus Financial Corp

Sysco Corporation

Systemax

TAM International, Inc.

TANKNOLOGY INC.

Targa Resources Corp.

Taubman Company

Taxi Services, Inc.

Taylor Morrison, Inc.

TBC

TCF Financial Corporation

TDECU

TE Connectivity Ltd

Teacher Retirement System of Texas

Tech Data Corporation

Technicolor USA, Inc.

Telecommunications - Risk Manager

Tennant Company

Tennessee Farmers Cooperative

Teradata Corporation

Terex Corporation

Terra Renewal

Terumo BCT, Inc.

Tesoro Corporation

Texas Association of Counties

Texas Guaranteed Student Loan Corporation

Texas Industries, Inc.

Texas Instruments

Textron Inc.

The Aerospace Corporation

The ALS Group

The Art Institute of Chicago

The Auto Club Group

The Black Car Fund

The Bon-Ton Stores, Inc.

The Boston Consortium for Higher Education

The Brady Companies

The California State University - Office of the Chancellor

The Capital Group Companies, Inc.

The Cheesecake Factory Incorporated

The Children's Place

The Coca-Cola Company

The Duchossois Group, Inc.

The E.W. Scripps Company

The Estee Lauder Companies Inc.

The GEO Group, Inc.

The Hartford Financial Services Group, Inc.

The Haskell Company

The Hearst Corporation

The HEICO Companies, LLC

The Hershey Company

The Home Depot

The Housing Authority of the City of Charlotte

The Inland Group, Inc.

The J. Paul Getty Trust

The Johns Hopkins University

The Krystal Company

The Long & Foster Companies, Inc.

The Madison Square Garden Company

The Manitowoc Company, Inc.

The Marmon Group LLC

The Mitchell Family Corporation

Page 37: 2013 Risk Management Compensation Survey - RIMS

2013 Risk Management Compensation Survey

© 2013 Risk and Insurance Management Society, Inc. (RIMS) II - 15 U.S. Participant List

The Mosaic Company

The Nielsen Company

The Ohio State University

The Pictsweet Company

The PNC Financial Services Group, Inc.

The Port Authority

The Ryland Group, Inc.

The San Diego Union-Tribune, LLC

The Schwan Food Company

The Scotts Miracle-Gro Company

The Shaw Group Inc.

The Tatitlek Corporation

The TJX Companies, Inc.

The Toro Company

The Travelers Companies, Inc.

The University of Iowa

The Valspar Corporation

The Washington Post Company

The Wendy's Company

The World Bank

Thomas Jefferson University

Thomson Reuters

Thor industries, Inc.

TIAA-CREF

tiffany & co

Timberland Bank

Time Warner Inc.

Tishman Construction Corporation

Toll Brothers Inc.

TOTAL American Services

TOTAL American Services, Inc.

Total Risk Management

Total Transit

Totem Ocean Trailer Express, Inc.

Town of West Hartford

Toyota Motor Sales, USA, Inc.

Tractor Supply Company

Transamerica Corporation

TransForce, Inc.

Transocean

Transportation Corridor Agencies

TransUnion

Treasury

Tree Top, Inc.

Tri Marine International, Inc.

Tribune

TriNet HR Corp

Trinity Industries, Inc.

Trippe Manufacturing Company

Tri-State Generation and transmission Assn., Inc.

Tropical Shipping

TrueBlue, Inc.

Trustees of the Estate of Bernice Pauahi Bishop dba Kamehameha Schools

TRW Automotive Inc.

TS

Tucson Electric Power Company

Turner Construction Company

TVA

tw telecom Inc.

Tyson Foods, Inc.

U.S. Bank

UDR, Inc.

UIL Holdings Corporation

UMass Memorial Health Care, Inc.

UMDNJ

Unified Grocers Inc.

UniGroup

United Airlines

United Services Association

United Space Alliance, LLC

United States Olympic Committee

United Technologies

Unitil Corporation

Univar Inc.

Universal Leaf Tobacco Company, Inc.

University Hospitals Health System, Inc.

University of Alabama Health Services Foundation

University of Arizona

University of California

University of California Merced

University of Colorado

University of Denver

University of Illinois

University of Iowa

University of MD Faculty Physicians and Medical System

University of Minnesota

University of Missouri

University of North Texas

University of Oregon

University of San Diego

University of Texas Health Science Center

University of the Pacific

University of Virginia

University of Washington

Univision Communications Inc.

UNS Energy Corp

Unum Group

UPMC

Page 38: 2013 Risk Management Compensation Survey - RIMS

2013 Risk Management Compensation Survey

© 2013 Risk and Insurance Management Society, Inc. (RIMS) II - 16 U.S. Participant List

UPS

US Army FMWR

US Foods, Inc.

USAA

UTi Worldwide Inc.

Vail Resorts, Inc.

Valeant

Valero Energy Corporation

valley schools Insurance

Vanderbilt University & Medical Center

Varian Medical Systems, Inc.

Vector Security

Vectren Corporation

Ventas, Inc.

Ventura Foods

Veolia Environmental Services

Veolia Transportation, Inc.

Veolia Water North America

Verizon Communications Inc.

Vertex Pharmaceuticals Incorporated

Vestas American Wind Technology, Inc.

VF Corporation

Viacom Inc.

Viad Corp

Village Green Holding, LLC

Village of Skokie

Vivint, Inc.

Voestalpine Nortrak Inc.

Voith Hydro, Inc.

Volkswagen Group of America

Volt Information Sciences, Inc.

Volvo Group North America

Vopak North America

vRide

Vulcan Materials Company

W.C. Bradley Co.

W.W. Grainger, Inc.

Wagner Equipment Co.

Wake Forest University Baptist Medical Center

Wakefern Food Corp

Walgreen Co.

Wal-Mart

Walt Disney Company

Warnaco Inc.

Washington Gas Light Company

Washington Metropolitan Area Transit Authority

Washington State Transit Insurance Pool

WATT COMPANIES

Watts Water Technologies, Inc.

Wausau Paper Corp.

Wawa Inc.

We Energies

Weatherford International

Webber, LLC

Wegmans Food Markets, Inc.

Weight Watchers International, Inc.

Weingarten Realty Investors

WellCare Health Plans

Wells Enterprises

Wells Fargo & Company

Wells Real Estate Funds

Wells Real Estate Investment Trust II, Inc.

WESCO Distribution, Inc.

West Liberty Foods, LLC

Westar Energy

Western & Southern Financial Group

Western Digital Corporation

Westfield Group

Weyerhaeuser

Wheaton Franciscan Services, Inc.

Whirlpool Corporation

White Castle System, Inc.

Whole Foods Market

Wildlife Conservation Society

Windstream Communications, Inc.

Winn-Dixie Stores, Inc.

Wisconsin Energy Corporation

WMATA

Wolverine World Wide, Inc.

Work Comp Strategic Solutions

World Fuel Services Corp

World Kitchen LLC

Wright Medical Technology

WW Grainger Inc.

Wyndham Worldwide

Xylem Inc.

Yale New Haven Health System

Yale University

YKK CORPORATION OF AMERICA

YRC Worldwide Inc.

Zachry Construction Corp

Zachry Holdings, Inc.

Zep Inc.

Zilber Ltd.

Zurich

Zurich Insurance

Page 39: 2013 Risk Management Compensation Survey - RIMS

2013 Risk Management Compensation Survey

U.S. Participant Demographics

The 2013 Risk Management Compensation Survey contains compensation data for 11 jobs from 1,971 individual respondents from 1,561 U.S.

organizations. The charts on the following pages display the distribution of U.S. participants by organization size, industry, ownership type, and

geographic region. A chart on the function to which the top risk management executive reports to is also presented.

© 2013 Risk and Insurance Management Society, Inc. (RIMS) III - 1 U.S. Participant Demographics

Page 40: 2013 Risk Management Compensation Survey - RIMS

2013 Risk Management Compensation Survey

U.S. Participant Demographics

Ownership Type

# of

Resp.

Percent of

Respondents

Publicly Traded 907 46.0%

Private 578 29.3%

Government 237 12.0%

Not-for-Profit 202 10.2%

Other/Not Specified 47 2.4%

Revenue

# of

Resp.

Percent of

Respondents

Less than $100 Million 143 7.3%

$100 - $250 Million 119 6.0%

$250 - $500 Million 157 8.0%

$500 Million - $1 Billion 233 11.8%

$1 - $5 Billion 571 29.0%

$5 - $10 Billion 219 11.1%

Greater than $10 Billion 340 17.3%

Other/Not Specified 189 9.6%

The 2013 Risk Management Compensation Survey contains compensation data for 11 jobs from 1,971 individual respondents from 1,561 U.S.

organizations. The charts on the following pages display the distribution of U.S. participants by organization size, industry, ownership type, and

geographic region. A chart on the function to which the top risk management executive reports to is also presented.

Ownership Type

Revenue

46.0%

29.3%

12.0% 10.2%

2.4%

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

30.0%

35.0%

40.0%

45.0%

50.0%

Publicly Traded Private Government Not-for-Profit Other/Not Specified

Percent of Respondents

7.3% 6.0%

8.0%

11.8%

29.0%

11.1%

17.3%

9.6%

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

30.0%

35.0%

Less than $100Million

$100 - $250Million

$250 - $500Million

$500 Million - $1Billion

$1 - $5 Billion $5 - $10 Billion Greater than $10Billion

Other/NotSpecified

Percent of Respondents

© 2013 Risk and Insurance Management Society, Inc. (RIMS) III - 2 U.S. Participant Demographics

Page 41: 2013 Risk Management Compensation Survey - RIMS

2013 Risk Management Compensation Survey

U.S. Participant Demographics

Organization Type

# of

Resp.

Percent of

Respondents

Parent 1537 78.0%

Subsidiary 108 5.5%

Division 117 5.9%

Single Location 101 5.1%

Other 108 5.5%

Regions (defined in Section I - 11)

# of

Resp.

Percent of

Respondents

North East 286 14.5%

Mid Atlantic 245 12.4%

South East 280 14.2%

Mississippi Valley 435 22.1%

Mountain 361 18.3%

Western 364 18.5%

Region

Organization Type

78.0%

5.5% 5.9% 5.1% 5.5%

0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

Parent Subsidiary Division Single Location Other

Percent of Respondents

14.5%

12.4%

14.2%

22.1%

18.3% 18.5%

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

North East Mid Atlantic South East Mississippi Valley Mountain Western

Percent of Respondents

© 2013 Risk and Insurance Management Society, Inc. (RIMS) III - 3 U.S. Participant Demographics

Page 42: 2013 Risk Management Compensation Survey - RIMS

2013 Risk Management Compensation Survey

U.S. Participant Demographics

Industry

# of

Resp.

Percent of

Respondents

Agriculture 20 1.0%

Business/Info

Services/Consulting/Legal/Accounting25 1.3%

Chemical/Pharmaceutical/Biotechnology 77 3.9%

Computer Software/Services 25 1.3%

Construction/Engineering/Architectural 70 3.6%

Education 84 4.3%

Energy 100 5.1%

Entertainment & Media 35 1.8%

Finance/Banking 91 4.6%

Government 143 7.3%

Healthcare 117 5.9%

Hospitality 62 3.1%

Insurance 94 4.8%

Mfg - Durable (includes Aerospace,

Computer/Office Equipment, Electronics)173 8.8%

Mfg - Nondurable (includes Food, Paper & Allied

Products)108 5.5%

Mining/Milling/Smelting 23 1.2%

Not-for-Profit 28 1.4%

Real Estate 89 4.5%

Research & Development 5 0.3%

Retail 127 6.4%

Service 48 2.4%

Telecommunications 35 1.8%

Transportation 102 5.2%

Utilities 117 5.9%

Wholesale Distribution 44 2.2%

Other 129 6.5%

Industry

1.0%

1.3%

3.9%

1.3%

3.6%

4.3%

5.1%

1.8%

4.6%

7.3%

5.9%

3.1%

4.8%

8.8%

5.5%

1.2%

1.4%

4.5%

0.3%

6.4%

2.4%

1.8%

5.2%

5.9%

2.2%

6.5%

0.0% 1.0% 2.0% 3.0% 4.0% 5.0% 6.0% 7.0% 8.0% 9.0% 10.0%

Agriculture

Business/Info Services/Consulting/Legal/Accounting

Chemical/Pharmaceutical/Biotechnology

Computer Software/Services

Construction/Engineering/Architectural

Education

Energy

Entertainment & Media

Finance/Banking

Government

Healthcare

Hospitality

Insurance

Mfg - Durable (includes Aerospace, Computer/Office…

Mfg - Nondurable (includes Food, Paper & Allied Products)

Mining/Milling/Smelting

Not-for-Profit

Real Estate

Research & Development

Retail

Service

Telecommunications

Transportation

Utilities

Wholesale Distribution

Other

Percent of Respondents

© 2013 Risk and Insurance Management Society, Inc. (RIMS) III - 4 U.S. Participant Demographics

Page 43: 2013 Risk Management Compensation Survey - RIMS

2013 Risk Management Compensation Survey

U.S. Participant Demographics

# of

Resp.

Percent of

Respondents

Do not have a Top Risk Management Executive 25 1.3%

Treasury 408 20.7%

Legal/Compliance Officer/Solicitor-

General/Attorney General293 14.9%

CEO/VP/Board of Directors/President 242 12.3%

Other 101 5.1%

Human Resources/Personnel/Employee Benefits 85 4.3%

COO 46 2.3%

Administration/Management Board/Government

Services50 2.5%

Mayor/Governor/Premier 4 0.2%

Did Not Indicate 7 0.4%

n

Who the Top Risk Management Executive reports to:

Size of Department

The average reported number of employees in the risk management department is 8.14 while the median is 4.00.

1.3%

20.7%

14.9%

12.3%

5.1%

4.3%

2.3%

2.5%

0.2%

0.4%

0.0% 5.0% 10.0% 15.0% 20.0% 25.0%

Do not have a Top Risk Management Executive

Treasury

Legal/Compliance Officer/Solicitor-General/AttorneyGeneral

CEO/VP/Board of Directors/President

Other

Human Resources/Personnel/Employee Benefits

COO

Administration/Management Board/GovernmentServices

Mayor/Governor/Premier

Did Not Indicate

Percent of Respondents

© 2013 Risk and Insurance Management Society, Inc. (RIMS) III - 5 U.S. Participant Demographics

Page 44: 2013 Risk Management Compensation Survey - RIMS

2013 Risk Management Compensation Survey

U.S. Participant Demographics

Age

# of

Resp.

Percent of

Respondents

Less than 30 43 2.2%

30 - 39 229 11.6%

40 - 49 503 25.5%

50 - 59 589 29.9%

60 or Higher 229 11.6%

No Response 378 19.2%

n

Years in Current Position

# of

Resp.

Percent of

Respondents

Less than 1 year 33 1.7%

1 to 2 years 366 18.6%

3 to 4 years 286 14.5%

5 to 6 years 322 16.3%

7 to 8 years 223 11.3%

9 to 10 years 186 9.4%

11 to 15 years 256 13.0%

More than 15 years 231 11.7%

No Response 68 3.5%

n

The average respondent age reported is 49.07 while the median is 50.00.

The average years respondents reported being at their current position is 7.86 while the median is 6.00.

Respondent Age

Years in Current Position

2.2%

11.6%

25.5%

29.9%

11.6%

19.2%

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

30.0%

35.0%

Less than 30 30 - 39 40 - 49 50 - 59 60 or Higher No Response

Percent of Respondents

1.7%

18.6%

14.5%

16.3%

11.3%

9.4%

13.0%

11.7%

3.5%

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%

14.0%

16.0%

18.0%

20.0%

Less than 1year

1 to 2 years 3 to 4 years 5 to 6 years 7 to 8 years 9 to 10 years 11 to 15 years More than 15years

No Response

Percent of Respondents

© 2013 Risk and Insurance Management Society, Inc. (RIMS) III - 6 U.S. Participant Demographics

Page 45: 2013 Risk Management Compensation Survey - RIMS

2013 Risk Management Compensation Survey

U.S. Participant Demographics

Gender

# of

Resp.

Percent of

Respondents

Male 1,070 54.3%

Female 860 43.6%

No Response 41 2.1%

Gender

54.3%

43.6%

2.1% 0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

Male Female No Response

Percent of Respondents

© 2013 Risk and Insurance Management Society, Inc. (RIMS) III - 7 U.S. Participant Demographics

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© 2013 Risk and Insurance Management Society, Inc. (RIMS) III - 8 U.S. Participant Demographics

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2013 Risk Management Compensation Survey

All Positions - United States

Cash Compensation (All dollar amounts are displayed in USD $000s)

Job Title

# of

Resp. Average 25th pct50th pct

(median) 75th pct

# of

Resp. Average 25th pct50th pct

(median) 75th pct # of Resp. Average50th pct

(median)

# of

Resp. Average 25th pct50th pct

(median) 75th pct Average50th pct

(median)

Chief Risk Officer | Vice President - Risk

Management | Vice President - Strategic

and Enterprise Risk

211 $184.2 $148.5 $178.0 $206.0 165 $55.5 $30.0 $45.0 $70.0 113 33.0% 30.0% 211 $227.6 $170.0 $223.0 $265.0 20.5 20.0

Director - Business Continuity/Financial/IT

Risk Management22 $141.7 $125.0 $145.9 $153.0 19 $28.5 $15.0 $25.0 $43.0 16 26.0% 23.0% 22 $166.4 $140.0 $162.2 $183.0 12.3 12.5

Director - Enterprise Risk Management

(ERM)/Strategic Risk Management / Risk

Intelligence

123 $135.3 $112.7 $130.0 $157.2 82 $25.1 $9.0 $20.0 $33.0 59 19.0% 20.0% 123 $152.0 $120.0 $135.0 $180.0 14.5 13.0

Director - Insurance and Risk Management 770 $133.4 $105.0 $129.0 $154.0 493 $33.2 $13.0 $25.0 $44.5 348 23.0% 20.0% 770 $154.6 $111.0 $142.9 $184.0 20.0 20.0

Manager - Insurance Management 359 $102.1 $85.0 $99.0 $115.0 216 $15.4 $6.2 $11.0 $20.0 144 19.0% 15.0% 359 $111.4 $88.0 $104.5 $129.0 15.4 14.0

Employee Benefits/Workers Compensation

Claims Manager45 $84.4 $67.0 $82.0 $97.0 20 $8.1 $3.5 $6.8 $11.0 11 10.0% 10.0% 45 $88.0 $70.3 $85.0 $106.0 14.2 12.0

Claims Manager 112 $86.9 $70.1 $85.5 $100.1 51 $15.9 $4.6 $10.0 $20.0 29 22.0% 15.0% 112 $94.1 $71.5 $87.2 $109.0 16.6 15.0

Environmental, Health or Safety Manager 33 $91.6 $72.5 $94.0 $104.0 17 $17.3 $9.6 $13.0 $30.0 12 20.0% 20.0% 33 $100.5 $72.5 $96.8 $119.5 14.9 12.0

Risk Management Analyst (Enterprise-Wide) 79 $76.5 $63.0 $72.5 $87.0 38 $7.7 $2.0 $4.0 $8.0 30 9.0% 10.0% 79 $80.2 $64.2 $77.5 $91.0 9.4 6.0

Risk Management Analyst 202 $69.6 $57.0 $67.9 $80.0 103 $6.0 $2.2 $4.0 $7.4 46 12.0% 10.0% 202 $72.7 $58.0 $71.0 $82.0 9.8 8.0

Claims Analyst 15 $64.2 $49.0 $63.0 $80.0 7 $4.5 -- $1.2 -- 5 24.0% 10.0% 15 $66.3 $49.0 $63.8 $80.0 9.3 5.0

Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt

© 2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 1 All Jobs Summary - US Data

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© 2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 2 All Jobs Summary - US Data

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2013 Risk Management Compensation Survey

Chief Risk Officer | Vice President - Risk Management | Vice President - Strategic and Enterprise Risk

Ownership Type

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All RespondentsAll Respondents 211 $184.2 $227.6

Publicly TradedPublicly Traded 93 $192.8 $244.7

Private 80 $175.7 $219.4

Government 12 $155.0 $168.6

Not-for-Profit 24 $196.4 $224.5

Other 2 -- --

Revenue

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 211 $184.2 $227.6

Less than $100

Million24 $157.4 $184.4

$100 - $250 Million$100 - $250

Million18 $149.1 $178.8

$250 - $500 Million$250 - $500

Million9 $195.9 $214.8

$500 Million - $1 Billion 28 $183.5 $228.2

$1 - $5 Billion$1 - $5

Billion75 $183.4 $230.8

$5 - $10 Billion$5 - $10

Billion21 $192.0 $233.3

Greater than

$10 Billion34 $215.8 $276.2

Average Compensation by Ownership Type

Average Compensation by Revenue

$1

84

.2

$1

92

.8

$1

75

.7

$1

55

.0

$1

96

.4

$0

.0

$2

27

.6

$2

44

.7

$2

19

.4

$1

68

.6

$2

24

.5

$0

.0

$0.0

$50.0

$100.0

$150.0

$200.0

$250.0

$300.0

All Respondents Publicly Traded Private Government Not-for-Profit Other

Average Base Salary ($000s) Average Total Comp ($000s)

$1

84

.2

$1

57

.4

$1

49

.1

$1

95

.9

$1

83

.5

$1

83

.4

$1

92

.0

$2

15

.8

$2

27

.6

$1

84

.4

$1

78

.8 $2

14

.8

$2

28

.2

$2

30

.8

$2

33

.3 $

27

6.2

$0.0

$50.0

$100.0

$150.0

$200.0

$250.0

$300.0

All Respondents Less than $100Million

$100 - $250Million

$250 - $500Million

$500 Million - $1Billion

$1 - $5Billion

$5 - $10Billion

Greater than$10 Billion

Average Base Salary ($000s) Average Total Comp ($000s)

© 2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 3 US Data

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2013 Risk Management Compensation Survey

Chief Risk Officer | Vice President - Risk Management | Vice President - Strategic and Enterprise Risk

Degree

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 211 $184.2 $227.6

HS/Associate 14 $175.2 $214.3

Bachelors 97 $179.7 $221.7

MA/MS 18 $165.6 $205.1

MBA 56 $188.7 $244.5

JD 17 $219.9 $242.9

Supervisory Responsibility

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 211 $184.2 $227.6

No 16 $161.7 $196.9

1 or Fewer 15 $163.8 $185.6

From 1 to 3 46 $175.1 $217.6

From 3 to 5 44 $185.7 $233.7

More than 5 62 $197.6 $241.6

Average Compensation by Degree

Average Compensation by Supervisory Responsibility

$1

84

.2

$1

75

.2

$1

79

.7

$1

65

.6

$1

88

.7

$2

19

.9

$2

27

.6

$2

14

.3

$2

21

.7

$2

05

.1 $

24

4.5

$2

42

.9

$0.0

$50.0

$100.0

$150.0

$200.0

$250.0

$300.0

All Respondents HS/Associate Bachelors MA/MS MBA JD

Average Base Salary ($000s) Average Total Comp ($000s)

$1

84

.2

$1

61

.7

$1

63

.8

$1

75

.1

$1

85

.7

$1

97

.6

$2

27

.6

$1

96

.9

$1

85

.6

$2

17

.6

$2

33

.7

$2

41

.6

$0.0

$50.0

$100.0

$150.0

$200.0

$250.0

$300.0

All Respondents No 1 or Fewer From 1 to 3 From 3 to 5 More than 5

Average Base Salary ($000s) Average Total Comp ($000s)

© 2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 4 US Data

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2013 Risk Management Compensation Survey

Chief Risk Officer | Vice President - Risk Management | Vice President - Strategic and Enterprise Risk

Industry

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 211 $184.2 $227.6

Business/Info

Services/Consulting/Legal/Accounting8 $172.6 $204.8

Construction/Engineering/Architectural 6 $168.6 $179.2

Energy 8 $171.4 $222.0

Entertainment & Media 6 $199.8 $237.5

Finance/Banking 7 $183.2 $234.3

Government 4 -- --

Healthcare 22 $192.0 $218.3

Hospitality 8 $180.1 $209.6

Insurance 13 $221.9 $242.2

Mfg - Durable (includes Aerospace,

Computer/Office Equipment, Electronics)16 $187.8 $242.2

Mfg - Nondurable (includes Food, Paper & Allied

Products)10 $186.7 $255.0

Not-for-Profit 2 -- --

Real Estate 19 $165.5 $214.0

Retail 15 $190.0 $238.2

Service 11 $161.0 $199.4

Transportation 14 $174.3 $229.2

Utilities 7 $201.6 $305.3

Wholesale Distribution 9 $186.5 $219.5

Average Compensation by Industry

$184.2

$172.6

$168.6

$171.4

$199.8

$183.2

$0.0

$192.0

$180.1

$221.9

$187.8

$186.7

$0.0

$165.5

$190.0

$161.0

$174.3

$201.6

$186.5

$227.6

$204.8

$179.2

$222.0

$237.5

$234.3

$0.0

$218.3

$209.6

$242.2

$242.2

$255.0

$0.0

$214.0

$238.2

$199.4

$229.2

$305.3

$219.5

$0.0 $50.0 $100.0 $150.0 $200.0 $250.0 $300.0 $350.0

All Respondents

Business/Info Services/Consulting/Legal/Accounting

Construction/Engineering/Architectural

Energy

Entertainment & Media

Finance/Banking

Government

Healthcare

Hospitality

Insurance

Mfg - Durable (includes Aerospace, Computer/OfficeEquipment, Electronics)

Mfg - Nondurable (includes Food, Paper & Allied Products)

Not-for-Profit

Real Estate

Retail

Service

Transportation

Utilities

Wholesale Distribution

Average Base Salary ($000s) Average Total Comp ($000s)

© 2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 5 US Data

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2013 Risk Management Compensation Survey

Chief Risk Officer | Vice President - Risk Management | Vice President - Strategic and Enterprise Risk

Regions (defined in Section I - 15)

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 211 $184.2 $227.6

North East Region North East 34 $189.0 $232.8

Mid Atlantic Region Mid Atlantic 23 $179.5 $235.2

South East Region South East 28 $168.5 $202.5

Mississippi Valley 50 $193.8 $244.0

Mountain Region Mountain 41 $170.2 $205.0

Western Region Western 35 $197.6 $240.4

Average Compensation by Region

$1

84

.2

$1

89

.0

$1

79

.5

$1

68

.5

$1

93

.8

$1

70

.2 $1

97

.6 $2

27

.6

$2

32

.8

$2

35

.2

$2

02

.5

$2

44

.0

$2

05

.0 $

24

0.4

$0.0

$50.0

$100.0

$150.0

$200.0

$250.0

$300.0

All Respondents North East Mid Atlantic South East Mississippi Valley Mountain Western

Average Base Salary ($000s) Average Total Comp ($000s)

© 2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 6 US Data

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2013 Risk Management Compensation Survey

Director - Business Continuity/Financial/IT Risk Management

Ownership Type

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All RespondentsAll Respondents 22 $141.7 $166.4

Publicly TradedPublicly Traded 10 $144.3 $171.3

Private 6 $139.8 $169.5

Government 0 -- --

Not-for-Profit 5 $148.5 $163.7

Other 1 -- --

Revenue

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 22 $141.7 $166.4

Less than $100

Million2 -- --

$100 - $250 Million$100 - $250

Million2 -- --

$250 - $500 Million$250 - $500

Million4 -- --

$500 Million - $1 Billion 2 -- --

$1 - $5 Billion$1 - $5

Billion7 $145.2 $169.6

$5 - $10 Billion$5 - $10

Billion1 -- --

Greater than

$10 Billion3 -- --

Average Compensation by Ownership Type

Average Compensation by Revenue

$1

41

.7

$1

44

.3

$1

39

.8

$0

.0

$1

48

.5

$0

.0

$1

66

.4

$1

71

.3

$1

69

.5

$0

.0

$1

63

.7

$0

.0

$0.0

$20.0

$40.0

$60.0

$80.0

$100.0

$120.0

$140.0

$160.0

$180.0

All Respondents Publicly Traded Private Government Not-for-Profit Other

Average Base Salary ($000s) Average Total Comp ($000s)

$1

41

.7

$0

.0

$0

.0

$0

.0

$0

.0

$1

45

.2

$0

.0

$0

.0

$1

66

.4

$0

.0

$0

.0

$0

.0

$0

.0

$1

69

.6

$0

.0

$0

.0

$0.0

$20.0

$40.0

$60.0

$80.0

$100.0

$120.0

$140.0

$160.0

$180.0

All Respondents Less than $100Million

$100 - $250Million

$250 - $500Million

$500 Million - $1Billion

$1 - $5Billion

$5 - $10Billion

Greater than$10 Billion

Average Base Salary ($000s) Average Total Comp ($000s)

© 2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 7 US Data

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2013 Risk Management Compensation Survey

Director - Business Continuity/Financial/IT Risk Management

Degree

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 22 $141.7 $166.4

HS/Associate 0 -- --

Bachelors 6 $143.3 $168.4

MA/MS 5 $164.6 $196.6

MBA 11 $130.5 $151.5

JD 0 -- --

Supervisory Responsibility

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 22 $141.7 $166.4

No 3 -- --

1 or Fewer 2 -- --

From 1 to 3 5 $135.2 $160.8

From 3 to 5 6 $153.7 $178.5

More than 5 2 -- --

Average Compensation by Degree

Average Compensation by Supervisory Responsibility

$1

41

.7

$0

.0

$1

43

.3

$1

64

.6

$1

30

.5

$0

.0

$1

66

.4

$0

.0

$1

68

.4 $1

96

.6

$1

51

.5

$0

.0

$0.0

$50.0

$100.0

$150.0

$200.0

$250.0

All Respondents HS/Associate Bachelors MA/MS MBA JD

Average Base Salary ($000s) Average Total Comp ($000s)

$1

41

.7

$0

.0

$0

.0

$1

35

.2

$1

53

.7

$0

.0

$1

66

.4

$0

.0

$0

.0

$1

60

.8

$1

78

.5

$0

.0

$0.0

$20.0

$40.0

$60.0

$80.0

$100.0

$120.0

$140.0

$160.0

$180.0

$200.0

All Respondents No 1 or Fewer From 1 to 3 From 3 to 5 More than 5

Average Base Salary ($000s) Average Total Comp ($000s)

© 2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 8 US Data

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2013 Risk Management Compensation Survey

Director - Business Continuity/Financial/IT Risk Management

Regions (defined in Section I - 15)

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 22 $141.7 $166.4

North East Region North East 6 $136.8 $168.8

Mid Atlantic Region Mid Atlantic 3 -- --

South East Region South East 3 -- --

Mississippi Valley 3 -- --

Mountain Region Mountain 4 -- --

Western Region Western 3 -- --

Average Compensation by Region

Average Compensation by Industry

No Breakdowns Available - Insufficient Sample Size

$1

41

.7

$1

36

.8

$0

.0

$0

.0

$0

.0

$0

.0

$0

.0

$1

66

.4

$1

68

.8

$0

.0

$0

.0

$0

.0

$0

.0

$0

.0

$0.0

$20.0

$40.0

$60.0

$80.0

$100.0

$120.0

$140.0

$160.0

$180.0

All Respondents North East Mid Atlantic South East Mississippi Valley Mountain Western

Average Base Salary ($000s) Average Total Comp ($000s)

© 2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 9 US Data

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2013 Risk Management Compensation Survey

Director - Enterprise Risk Management (ERM)/Strategic Risk Management / Risk Intelligence

Ownership Type

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All RespondentsAll Respondents 123 $135.3 $152.0

Publicly TradedPublicly Traded 50 $150.4 $175.0

Private 31 $128.5 $141.3

Government 21 $110.1 $110.4

Not-for-Profit 19 $136.3 $156.4

Other 2 -- --

Revenue

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 123 $135.3 $152.0

Less than $100

Million10 $118.6 $129.6

$100 - $250 Million$100 - $250

Million6 $127.7 $138.3

$250 - $500 Million$250 - $500

Million12 $118.5 $129.3

$500 Million - $1 Billion 16 $131.8 $145.7

$1 - $5 Billion$1 - $5

Billion46 $139.9 $156.5

$5 - $10 Billion$5 - $10

Billion9 $150.2 $171.8

Greater than

$10 Billion13 $161.7 $199.5

Average Compensation by Ownership Type

Average Compensation by Revenue

$1

35

.3

$1

50

.4

$1

28

.5

$1

10

.1 $

13

6.3

$0

.0

$1

52

.0 $1

75

.0

$1

41

.3

$1

10

.4

$1

56

.4

$0

.0

$0.0

$20.0

$40.0

$60.0

$80.0

$100.0

$120.0

$140.0

$160.0

$180.0

$200.0

All Respondents Publicly Traded Private Government Not-for-Profit Other

Average Base Salary ($000s) Average Total Comp ($000s)

$1

35

.3

$1

18

.6

$1

27

.7

$1

18

.5

$1

31

.8

$1

39

.9

$1

50

.2

$1

61

.7

$1

52

.0

$1

29

.6

$1

38

.3

$1

29

.3

$1

45

.7

$1

56

.5

$1

71

.8 $1

99

.5

$0.0

$50.0

$100.0

$150.0

$200.0

$250.0

All Respondents Less than $100Million

$100 - $250Million

$250 - $500Million

$500 Million - $1Billion

$1 - $5Billion

$5 - $10Billion

Greater than$10 Billion

Average Base Salary ($000s) Average Total Comp ($000s)

© 2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 11 US Data

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2013 Risk Management Compensation Survey

Director - Enterprise Risk Management (ERM)/Strategic Risk Management / Risk Intelligence

Degree

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 123 $135.3 $152.0

HS/Associate 3 -- --

Bachelors 50 $134.7 $151.2

MA/MS 18 $129.8 $141.6

MBA 37 $140.4 $157.2

JD 9 $135.6 $157.6

Supervisory Responsibility

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 123 $135.3 $152.0

No 25 $123.9 $134.6

1 or Fewer 18 $135.1 $147.1

From 1 to 3 31 $140.4 $162.3

From 3 to 5 21 $148.4 $173.6

More than 5 15 $135.7 $148.3

Average Compensation by Degree

Average Compensation by Supervisory Responsibility

$1

35

.3

$0

.0

$1

34

.7

$1

29

.8

$1

40

.4

$1

35

.6

$1

52

.0

$0

.0

$1

51

.2

$1

41

.6

$1

57

.2

$1

57

.6

$0.0

$20.0

$40.0

$60.0

$80.0

$100.0

$120.0

$140.0

$160.0

$180.0

All Respondents HS/Associate Bachelors MA/MS MBA JD

Average Base Salary ($000s) Average Total Comp ($000s)

$1

35

.3

$1

23

.9

$1

35

.1

$1

40

.4

$1

48

.4

$1

35

.7

$1

52

.0

$1

34

.6

$1

47

.1

$1

62

.3

$1

73

.6

$1

48

.3

$0.0

$20.0

$40.0

$60.0

$80.0

$100.0

$120.0

$140.0

$160.0

$180.0

$200.0

All Respondents No 1 or Fewer From 1 to 3 From 3 to 5 More than 5

Average Base Salary ($000s) Average Total Comp ($000s)

© 2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 12 US Data

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2013 Risk Management Compensation Survey

Director - Enterprise Risk Management (ERM)/Strategic Risk Management / Risk Intelligence

Industry

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 123 $135.3 $152.0

Chemical/Pharmaceutical/Biotechnology 6 $144.7 $166.7

Energy 5 $123.4 $132.2

Finance/Banking 10 $148.4 $171.8

Government 9 $110.8 $111.3

Healthcare 8 $138.3 $162.0

Insurance 15 $121.0 $132.1

Mfg - Durable (includes Aerospace,

Computer/Office Equipment, Electronics)14 $142.4 $160.9

Mfg - Nondurable (includes Food, Paper & Allied

Products)5 $124.0 $138.0

Retail 6 $139.5 $153.8

Transportation 6 $142.5 $176.7

Utilities 9 $130.3 $139.4

Average Compensation by Industry

$135.3

$144.7

$123.4

$148.4

$110.8

$138.3

$121.0

$142.4

$124.0

$139.5

$142.5

$130.3

$152.0

$166.7

$132.2

$171.8

$111.3

$162.0

$132.1

$160.9

$138.0

$153.8

$176.7

$139.4

$0.0 $20.0 $40.0 $60.0 $80.0 $100.0 $120.0 $140.0 $160.0 $180.0 $200.0

All Respondents

Chemical/Pharmaceutical/Biotechnology

Energy

Finance/Banking

Government

Healthcare

Insurance

Mfg - Durable (includes Aerospace, Computer/OfficeEquipment, Electronics)

Mfg - Nondurable (includes Food, Paper & Allied Products)

Retail

Transportation

Utilities

Average Base Salary ($000s) Average Total Comp ($000s)

© 2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 13 US Data

Page 60: 2013 Risk Management Compensation Survey - RIMS

2013 Risk Management Compensation Survey

Director - Enterprise Risk Management (ERM)/Strategic Risk Management / Risk Intelligence

Regions (defined in Section I - 15)

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 123 $135.3 $152.0

North East Region North East 19 $140.9 $154.2

Mid Atlantic Region Mid Atlantic 10 $140.9 $164.9

South East Region South East 13 $126.8 $134.8

Mississippi Valley 24 $132.3 $152.7

Mountain Region Mountain 17 $130.7 $142.5

Western Region Western 40 $137.7 $157.0

Average Compensation by Region

$1

35

.3

$1

40

.9

$1

40

.9

$1

26

.8

$1

32

.3

$1

30

.7

$1

37

.7

$1

52

.0

$1

54

.2

$1

64

.9

$1

34

.8 $1

52

.7

$1

42

.5

$1

57

.0

$0.0

$20.0

$40.0

$60.0

$80.0

$100.0

$120.0

$140.0

$160.0

$180.0

All Respondents North East Mid Atlantic South East Mississippi Valley Mountain Western

Average Base Salary ($000s) Average Total Comp ($000s)

© 2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 14 US Data

Page 61: 2013 Risk Management Compensation Survey - RIMS

2013 Risk Management Compensation Survey

Director - Insurance and Risk Management

Ownership Type

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All RespondentsAll Respondents 770 $133.4 $154.6

Publicly TradedPublicly Traded 346 $148.2 $180.7

Private 229 $128.4 $147.3

Government 101 $106.5 $107.9

Not-for-Profit 77 $122.8 $128.3

Other 17 $105.4 $117.9

Revenue

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 770 $133.4 $154.6

Less than $100

Million51 $105.5 $109.6

$100 - $250 Million$100 - $250

Million53 $112.5 $120.8

$250 - $500 Million$250 - $500

Million71 $116.1 $130.9

$500 Million - $1 Billion 103 $119.1 $132.2

$1 - $5 Billion$1 - $5

Billion225 $134.1 $155.1

$5 - $10 Billion$5 - $10

Billion92 $147.4 $175.2

Greater than

$10 Billion143 $165.7 $206.1

Average Compensation by Ownership Type

Average Compensation by Revenue

$1

33

.4

$1

48

.2

$1

28

.4

$1

06

.5

$1

22

.8

$1

05

.4

$1

54

.6 $1

80

.7

$1

47

.3

$1

07

.9 $1

28

.3

$1

17

.9

$0.0

$20.0

$40.0

$60.0

$80.0

$100.0

$120.0

$140.0

$160.0

$180.0

$200.0

All Respondents Publicly Traded Private Government Not-for-Profit Other

Average Base Salary ($000s) Average Total Comp ($000s)

$1

33

.4

$1

05

.5

$1

12

.5

$1

16

.1

$1

19

.1

$1

34

.1

$1

47

.4

$1

65

.7

$1

54

.6

$1

09

.6

$1

20

.8

$1

30

.9

$1

32

.2

$1

55

.1

$1

75

.2 $

20

6.1

$0.0

$50.0

$100.0

$150.0

$200.0

$250.0

All Respondents Less than $100Million

$100 - $250Million

$250 - $500Million

$500 Million - $1Billion

$1 - $5Billion

$5 - $10Billion

Greater than$10 Billion

Average Base Salary ($000s) Average Total Comp ($000s)

© 2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 15 US Data

Page 62: 2013 Risk Management Compensation Survey - RIMS

2013 Risk Management Compensation Survey

Director - Insurance and Risk Management

Degree

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 770 $133.4 $154.6

HS/Associate 46 $122.3 $141.3

Bachelors 372 $133.1 $154.2

MA/MS 66 $118.8 $131.4

MBA 204 $141.2 $168.7

JD 50 $140.7 $155.4

Supervisory Responsibility

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 770 $133.4 $154.6

No 135 $119.7 $135.2

1 or Fewer 110 $127.6 $151.6

From 1 to 3 230 $135.1 $155.4

From 3 to 5 132 $143.7 $167.1

More than 5 105 $138.7 $162.8

Average Compensation by Degree

Average Compensation by Supervisory Responsibility

$1

33

.4

$1

22

.3

$1

33

.1

$1

18

.8 $1

41

.2

$1

40

.7

$1

54

.6

$1

41

.3

$1

54

.2

$1

31

.4

$1

68

.7

$1

55

.4

$0.0

$20.0

$40.0

$60.0

$80.0

$100.0

$120.0

$140.0

$160.0

$180.0

All Respondents HS/Associate Bachelors MA/MS MBA JD

Average Base Salary ($000s) Average Total Comp ($000s)

$1

33

.4

$1

19

.7

$1

27

.6

$1

35

.1

$1

43

.7

$1

38

.7

$1

54

.6

$1

35

.2

$1

51

.6

$1

55

.4

$1

67

.1

$1

62

.8

$0.0

$20.0

$40.0

$60.0

$80.0

$100.0

$120.0

$140.0

$160.0

$180.0

All Respondents No 1 or Fewer From 1 to 3 From 3 to 5 More than 5

Average Base Salary ($000s) Average Total Comp ($000s)

© 2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 16 US Data

Page 63: 2013 Risk Management Compensation Survey - RIMS

2013 Risk Management Compensation Survey

Director - Insurance and Risk Management

Industry

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 770 $133.4 $154.6

Agriculture 11 $135.5 $164.2

Business/Info

Services/Consulting/Legal/Accounting7 $164.8 $207.0

Chemical/Pharmaceutical/Biotechnology 34 $143.8 $176.7

Computer Software/Services 8 $143.9 $164.5

Construction/Engineering/Architectural 30 $133.6 $148.8

Education 51 $115.9 $116.6

Energy 38 $152.7 $190.2

Entertainment & Media 15 $151.8 $186.9

Finance/Banking 32 $150.0 $188.6

Government 67 $103.5 $105.2

Healthcare 42 $132.3 $147.3

Hospitality 22 $122.6 $141.6

Insurance 24 $128.7 $148.7

Mfg - Durable (includes Aerospace,

Computer/Office Equipment, Electronics)68 $146.0 $173.6

Mfg - Nondurable (includes Food, Paper & Allied

Products)50 $144.4 $175.4

Mining/Milling/Smelting 6 $165.7 $201.7

Not-for-Profit 14 $113.4 $114.8

Real Estate 40 $138.1 $157.3

Retail 48 $136.1 $158.7

Service 15 $120.2 $131.5

Telecommunications 15 $139.7 $158.4

Transportation 34 $115.5 $134.8

Utilities 29 $137.9 $166.4

Wholesale Distribution 13 $134.6 $156.8

Other 55 $133.8 $159.1

Average Compensation by Industry

$133.4

$135.5

$164.8

$143.8

$143.9

$133.6

$115.9

$152.7

$151.8

$150.0

$103.5

$132.3

$122.6

$128.7

$146.0

$144.4

$165.7

$113.4

$138.1

$136.1

$120.2

$139.7

$115.5

$137.9

$134.6

$133.8

$154.6

$164.2

$207.0

$176.7

$164.5

$148.8

$116.6

$190.2

$186.9

$188.6

$105.2

$147.3

$141.6

$148.7

$173.6

$175.4

$201.7

$114.8

$157.3

$158.7

$131.5

$158.4

$134.8

$166.4

$156.8

$159.1

$0.0 $50.0 $100.0 $150.0 $200.0 $250.0

All Respondents

Agriculture

Business/Info Services/Consulting/Legal/Accounting

Chemical/Pharmaceutical/Biotechnology

Computer Software/Services

Construction/Engineering/Architectural

Education

Energy

Entertainment & Media

Finance/Banking

Government

Healthcare

Hospitality

Insurance

Mfg - Durable (includes Aerospace, Computer/Office Equipment,…

Mfg - Nondurable (includes Food, Paper & Allied Products)

Mining/Milling/Smelting

Not-for-Profit

Real Estate

Retail

Service

Telecommunications

Transportation

Utilities

Wholesale Distribution

Other

Average Base Salary ($000s) Average Total Comp ($000s)

© 2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 17 US Data

Page 64: 2013 Risk Management Compensation Survey - RIMS

2013 Risk Management Compensation Survey

Director - Insurance and Risk Management

Regions (defined in Section I - 15)

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 770 $133.4 $154.6

North East Region North East 141 $154.5 $184.0

Mid Atlantic Region Mid Atlantic 91 $132.0 $151.3

South East Region South East 119 $123.2 $142.1

Mississippi Valley 161 $130.0 $151.0

Mountain Region Mountain 135 $126.4 $148.5

Western Region Western 123 $132.1 $146.9

Average Compensation by Region

$1

33

.4 $

15

4.5

$1

32

.0

$1

23

.2

$1

30

.0

$1

26

.4

$1

32

.1 $

15

4.6

$1

84

.0

$1

51

.3

$1

42

.1

$1

51

.0

$1

48

.5

$1

46

.9

$0.0

$20.0

$40.0

$60.0

$80.0

$100.0

$120.0

$140.0

$160.0

$180.0

$200.0

All Respondents North East Mid Atlantic South East Mississippi Valley Mountain Western

Average Base Salary ($000s) Average Total Comp ($000s)

© 2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 18 US Data

Page 65: 2013 Risk Management Compensation Survey - RIMS

2013 Risk Management Compensation Survey

Manager - Insurance Management

Ownership Type

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All RespondentsAll Respondents 359 $102.1 $111.4

Publicly TradedPublicly Traded 181 $107.5 $119.9

Private 87 $99.7 $109.3

Government 44 $94.0 $96.3

Not-for-Profit 34 $89.9 $92.0

Other 13 $103.6 $109.1

Revenue

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 359 $102.1 $111.4

Less than $100

Million23 $82.2 $83.9

$100 - $250 Million$100 - $250

Million17 $95.3 $101.7

$250 - $500 Million$250 - $500

Million25 $90.7 $98.6

$500 Million - $1 Billion 32 $102.5 $107.2

$1 - $5 Billion$1 - $5

Billion112 $102.4 $111.5

$5 - $10 Billion$5 - $10

Billion45 $103.4 $113.6

Greater than

$10 Billion80 $115.3 $131.1

Average Compensation by Ownership Type

Average Compensation by Revenue

$1

02

.1

$1

07

.5

$9

9.7

$9

4.0

$8

9.9

$1

03

.6

$1

11

.4

$1

19

.9

$1

09

.3

$9

6.3

$9

2.0

$1

09

.1

$0.0

$20.0

$40.0

$60.0

$80.0

$100.0

$120.0

$140.0

All Respondents Publicly Traded Private Government Not-for-Profit Other

Average Base Salary ($000s) Average Total Comp ($000s)

$1

02

.1

$8

2.2

$9

5.3

$9

0.7

$1

02

.5

$1

02

.4

$1

03

.4

$1

15

.3

$1

11

.4

$8

3.9

$1

01

.7

$9

8.6

$1

07

.2

$1

11

.5

$1

13

.6 $

13

1.1

$0.0

$20.0

$40.0

$60.0

$80.0

$100.0

$120.0

$140.0

All Respondents Less than $100Million

$100 - $250Million

$250 - $500Million

$500 Million - $1Billion

$1 - $5Billion

$5 - $10Billion

Greater than$10 Billion

Average Base Salary ($000s) Average Total Comp ($000s)

© 2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 19 US Data

Page 66: 2013 Risk Management Compensation Survey - RIMS

2013 Risk Management Compensation Survey

Manager - Insurance Management

Degree

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 359 $102.1 $111.4

HS/Associate 36 $88.6 $93.6

Bachelors 192 $102.9 $113.3

MA/MS 27 $101.5 $106.6

MBA 76 $105.5 $115.4

JD 8 $106.3 $112.1

Supervisory Responsibility

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 359 $102.1 $111.4

No 167 $99.6 $108.2

1 or Fewer 66 $103.6 $114.1

From 1 to 3 60 $102.5 $108.8

From 3 to 5 22 $102.4 $111.7

More than 5 19 $115.3 $135.4

Average Compensation by Degree

Average Compensation by Supervisory Responsibility

$1

02

.1

$8

8.6

$1

02

.9

$1

01

.5

$1

05

.5

$1

06

.3

$1

11

.4

$9

3.6

$1

13

.3

$1

06

.6

$1

15

.4

$1

12

.1

$0.0

$20.0

$40.0

$60.0

$80.0

$100.0

$120.0

$140.0

All Respondents HS/Associate Bachelors MA/MS MBA JD

Average Base Salary ($000s) Average Total Comp ($000s)

$1

02

.1

$9

9.6

$1

03

.6

$1

02

.5

$1

02

.4

$1

15

.3

$1

11

.4

$1

08

.2

$1

14

.1

$1

08

.8

$1

11

.7 $

13

5.4

$0.0

$20.0

$40.0

$60.0

$80.0

$100.0

$120.0

$140.0

$160.0

All Respondents No 1 or Fewer From 1 to 3 From 3 to 5 More than 5

Average Base Salary ($000s) Average Total Comp ($000s)

© 2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 20 US Data

Page 67: 2013 Risk Management Compensation Survey - RIMS

2013 Risk Management Compensation Survey

Manager - Insurance Management

Industry

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 359 $102.1 $111.4

Business/Info

Services/Consulting/Legal/Accounting6 $99.3 $104.9

Chemical/Pharmaceutical/Biotechnology 13 $118.4 $130.4

Construction/Engineering/Architectural 15 $113.2 $120.4

Education 7 $86.5 $89.7

Energy 24 $119.3 $143.3

Finance/Banking 17 $101.9 $117.7

Government 26 $91.4 $91.6

Healthcare 23 $97.7 $104.2

Hospitality 8 $83.7 $88.7

Insurance 18 $95.2 $100.3

Mfg - Durable (includes Aerospace,

Computer/Office Equipment, Electronics)37 $106.3 $116.3

Mfg - Nondurable (includes Food, Paper & Allied

Products)19 $109.4 $119.6

Mining/Milling/Smelting 8 $106.3 $111.6

Not-for-Profit 6 $90.6 $91.4

Real Estate 11 $98.1 $107.4

Retail 18 $97.6 $105.6

Telecommunications 5 $102.0 $117.3

Transportation 19 $95.7 $106.1

Utilities 32 $104.5 $114.8

Wholesale Distribution 9 $95.7 $103.5

Other 23 $103.9 $114.9

Average Compensation by Industry

$102.1

$99.3

$118.4

$113.2

$86.5

$119.3

$101.9

$91.4

$97.7

$83.7

$95.2

$106.3

$109.4

$106.3

$90.6

$98.1

$97.6

$102.0

$95.7

$104.5

$95.7

$103.9

$111.4

$104.9

$130.4

$120.4

$89.7

$143.3

$117.7

$91.6

$104.2

$88.7

$100.3

$116.3

$119.6

$111.6

$91.4

$107.4

$105.6

$117.3

$106.1

$114.8

$103.5

$114.9

$0.0 $20.0 $40.0 $60.0 $80.0 $100.0 $120.0 $140.0 $160.0

All Respondents

Business/Info Services/Consulting/Legal/Accounting

Chemical/Pharmaceutical/Biotechnology

Construction/Engineering/Architectural

Education

Energy

Finance/Banking

Government

Healthcare

Hospitality

Insurance

Mfg - Durable (includes Aerospace, Computer/OfficeEquipment, Electronics)

Mfg - Nondurable (includes Food, Paper & Allied Products)

Mining/Milling/Smelting

Not-for-Profit

Real Estate

Retail

Telecommunications

Transportation

Utilities

Wholesale Distribution

Other

Average Base Salary ($000s) Average Total Comp ($000s)

© 2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 21 US Data

Page 68: 2013 Risk Management Compensation Survey - RIMS

2013 Risk Management Compensation Survey

Manager - Insurance Management

Regions (defined in Section I - 15)

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 359 $102.1 $111.4

North East Region North East 45 $108.0 $118.7

Mid Atlantic Region Mid Atlantic 46 $99.8 $107.1

South East Region South East 42 $92.9 $100.6

Mississippi Valley 105 $100.6 $110.6

Mountain Region Mountain 60 $107.0 $120.9

Western Region Western 61 $103.8 $108.8

Average Compensation by Region

$1

02

.1

$1

08

.0

$9

9.8

$9

2.9

$1

00

.6

$1

07

.0

$1

03

.8

$1

11

.4

$1

18

.7

$1

07

.1

$1

00

.6

$1

10

.6

$1

20

.9

$1

08

.8

$0.0

$20.0

$40.0

$60.0

$80.0

$100.0

$120.0

$140.0

All Respondents North East Mid Atlantic South East Mississippi Valley Mountain Western

Average Base Salary ($000s) Average Total Comp ($000s)

© 2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 22 US Data

Page 69: 2013 Risk Management Compensation Survey - RIMS

2013 Risk Management Compensation Survey

Employee Benefits/Workers Compensation Claims Manager

Ownership Type

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All RespondentsAll Respondents 45 $84.4 $88.0

Publicly TradedPublicly Traded 17 $84.6 $90.0

Private 13 $72.5 $75.4

Government 7 $96.7 $96.7

Not-for-Profit 7 $93.3 $98.1

Other 1 -- --

Revenue

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 45 $84.4 $88.0

Less than $100

Million9 $80.3 $81.3

$100 - $250 Million$100 - $250

Million0 -- --

$250 - $500 Million$250 - $500

Million2 -- --

$500 Million - $1 Billion 5 $106.4 $112.8

$1 - $5 Billion$1 - $5

Billion9 $88.8 $94.2

$5 - $10 Billion$5 - $10

Billion3 -- --

Greater than

$10 Billion2 -- --

Average Compensation by Ownership Type

Average Compensation by Revenue

$8

4.4

$8

4.6

$7

2.5

$9

6.7

$9

3.3

$0

.0

$8

8.0

$9

0.0

$7

5.4

$9

6.7

$9

8.1

$0

.0

$0.0

$20.0

$40.0

$60.0

$80.0

$100.0

$120.0

All Respondents Publicly Traded Private Government Not-for-Profit Other

Average Base Salary ($000s) Average Total Comp ($000s)

$8

4.4

$8

0.3

$0

.0

$0

.0

$1

06

.4

$8

8.8

$0

.0

$0

.0

$8

8.0

$8

1.3

$0

.0

$0

.0

$1

12

.8

$9

4.2

$0

.0

$0

.0

$0.0

$20.0

$40.0

$60.0

$80.0

$100.0

$120.0

All Respondents Less than $100Million

$100 - $250Million

$250 - $500Million

$500 Million - $1Billion

$1 - $5Billion

$5 - $10Billion

Greater than$10 Billion

Average Base Salary ($000s) Average Total Comp ($000s)

© 2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 23 US Data

Page 70: 2013 Risk Management Compensation Survey - RIMS

2013 Risk Management Compensation Survey

Employee Benefits/Workers Compensation Claims Manager

Degree

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 45 $84.4 $88.0

HS/Associate 10 $79.3 $82.3

Bachelors 25 $82.8 $86.5

MA/MS 5 $97.0 $104.8

MBA 2 -- --

JD 0 -- --

Supervisory Responsibility

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 45 $84.4 $88.0

No 17 $70.8 $72.8

1 or Fewer 5 $74.6 $78.3

From 1 to 3 8 $84.0 $88.2

From 3 to 5 2 -- --

More than 5 8 $108.9 $116.2

Average Compensation by Degree

Average Compensation by Supervisory Responsibility

$8

4.4

$7

9.3

$8

2.8

$9

7.0

$0

.0

$0

.0

$8

8.0

$8

2.3

$8

6.5

$1

04

.8

$0

.0

$0

.0

$0.0

$20.0

$40.0

$60.0

$80.0

$100.0

$120.0

All Respondents HS/Associate Bachelors MA/MS MBA JD

Average Base Salary ($000s) Average Total Comp ($000s)

$8

4.4

$7

0.8

$7

4.6

$8

4.0

$0

.0

$1

08

.9

$8

8.0

$7

2.8

$7

8.3

$8

8.2

$0

.0

$1

16

.2

$0.0

$20.0

$40.0

$60.0

$80.0

$100.0

$120.0

$140.0

All Respondents No 1 or Fewer From 1 to 3 From 3 to 5 More than 5

Average Base Salary ($000s) Average Total Comp ($000s)

© 2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 24 US Data

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2013 Risk Management Compensation Survey

Employee Benefits/Workers Compensation Claims Manager

Industry

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 45 $84.4 $88.0

Government 5 $74.4 $74.4

Healthcare 5 $90.2 $96.2

Retail 6 $73.8 $78.8

Regions (defined in Section I - 15)

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 45 $84.4 $88.0

North East Region North East 4 -- --

Mid Atlantic Region Mid Atlantic 1 -- --

South East Region South East 7 $70.7 $74.6

Mississippi Valley 8 $90.8 $94.2

Mountain Region Mountain 8 $93.7 $94.0

Western Region Western 17 $81.9 $86.8

Average Compensation by Region

Average Compensation by Industry

$84.4

$74.4

$90.2

$73.8

$88.0

$74.4

$96.2

$78.8

$0.0 $20.0 $40.0 $60.0 $80.0 $100.0 $120.0

All Respondents

Government

Healthcare

Retail

Average Base Salary ($000s) Average Total Comp ($000s)

$8

4.4

$0

.0

$0

.0

$7

0.7

$9

0.8

$9

3.7

$8

1.9

$8

8.0

$0

.0

$0

.0

$7

4.6

$9

4.2

$9

4.0

$8

6.8

$0.0

$10.0

$20.0

$30.0

$40.0

$50.0

$60.0

$70.0

$80.0

$90.0

$100.0

All Respondents North East Mid Atlantic South East Mississippi Valley Mountain Western

Average Base Salary ($000s) Average Total Comp ($000s)

© 2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 25 US Data

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2013 Risk Management Compensation Survey

This Page Intentionally Blank

© 2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 26

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2013 Risk Management Compensation Survey

Claims Manager

Ownership Type

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All RespondentsAll Respondents 112 $86.9 $94.1

Publicly TradedPublicly Traded 58 $92.7 $104.2

Private 34 $76.7 $80.6

Government 10 $83.9 $84.5

Not-for-Profit 6 $103.8 $104.7

Other 4 -- --

Revenue

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 112 $86.9 $94.1

Less than $100

Million9 $82.5 $83.6

$100 - $250 Million$100 - $250

Million5 $79.8 $81.8

$250 - $500 Million$250 - $500

Million8 $84.0 $90.4

$500 Million - $1 Billion 8 $82.5 $84.2

$1 - $5 Billion$1 - $5

Billion18 $88.3 $92.3

$5 - $10 Billion$5 - $10

Billion11 $93.9 $104.6

Greater than

$10 Billion20 $104.4 $124.7

Average Compensation by Ownership Type

Average Compensation by Revenue

$8

6.9

$9

2.7

$7

6.7

$8

3.9

$1

03

.8

$0

.0

$9

4.1

$1

04

.2

$8

0.6

$8

4.5

$1

04

.7

$0

.0

$0.0

$20.0

$40.0

$60.0

$80.0

$100.0

$120.0

All Respondents Publicly Traded Private Government Not-for-Profit Other

Average Base Salary ($000s) Average Total Comp ($000s)

$8

6.9

$8

2.5

$7

9.8

$8

4.0

$8

2.5

$8

8.3

$9

3.9

$1

04

.4

$9

4.1

$8

3.6

$8

1.8

$9

0.4

$8

4.2

$9

2.3

$1

04

.6 $

12

4.7

$0.0

$20.0

$40.0

$60.0

$80.0

$100.0

$120.0

$140.0

All Respondents Less than $100Million

$100 - $250Million

$250 - $500Million

$500 Million - $1Billion

$1 - $5Billion

$5 - $10Billion

Greater than$10 Billion

Average Base Salary ($000s) Average Total Comp ($000s)

© 2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 27 US Data

Page 74: 2013 Risk Management Compensation Survey - RIMS

2013 Risk Management Compensation Survey

Claims Manager

Degree

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 112 $86.9 $94.1

HS/Associate 19 $73.0 $75.4

Bachelors 68 $89.2 $96.8

MA/MS 6 $94.5 $101.9

MBA 9 $92.4 $98.2

JD 2 -- --

Supervisory Responsibility

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 112 $86.9 $94.1

No 50 $81.7 $86.5

1 or Fewer 17 $83.2 $87.8

From 1 to 3 14 $85.5 $96.2

From 3 to 5 8 $108.8 $125.6

More than 5 14 $96.6 $102.8

Average Compensation by Degree

Average Compensation by Supervisory Responsibility

$8

6.9

$7

3.0

$8

9.2

$9

4.5

$9

2.4

$0

.0

$9

4.1

$7

5.4

$9

6.8

$1

01

.9

$9

8.2

$0

.0

$0.0

$20.0

$40.0

$60.0

$80.0

$100.0

$120.0

All Respondents HS/Associate Bachelors MA/MS MBA JD

Average Base Salary ($000s) Average Total Comp ($000s)

$8

6.9

$8

1.7

$8

3.2

$8

5.5

$1

08

.8

$9

6.6

$9

4.1

$8

6.5

$8

7.8

$9

6.2

$1

25

.6

$1

02

.8

$0.0

$20.0

$40.0

$60.0

$80.0

$100.0

$120.0

$140.0

All Respondents No 1 or Fewer From 1 to 3 From 3 to 5 More than 5

Average Base Salary ($000s) Average Total Comp ($000s)

© 2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 28 US Data

Page 75: 2013 Risk Management Compensation Survey - RIMS

2013 Risk Management Compensation Survey

Claims Manager

Industry

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 112 $86.9 $94.1

Construction/Engineering/Architectural 6 $89.2 $96.5

Education 5 $76.2 $76.2

Energy 5 $101.6 $131.5

Finance/Banking 6 $83.8 $92.3

Government 8 $72.0 $72.3

Hospitality 9 $77.6 $85.5

Retail 13 $84.7 $89.6

Service 6 $91.9 $94.9

Transportation 11 $90.5 $98.4

Utilities 6 $89.7 $101.6

Average Compensation by Industry

$86.9

$89.2

$76.2

$101.6

$83.8

$72.0

$77.6

$84.7

$91.9

$90.5

$89.7

$94.1

$96.5

$76.2

$131.5

$92.3

$72.3

$85.5

$89.6

$94.9

$98.4

$101.6

$0.0 $20.0 $40.0 $60.0 $80.0 $100.0 $120.0 $140.0

All Respondents

Construction/Engineering/Architectural

Education

Energy

Finance/Banking

Government

Hospitality

Retail

Service

Transportation

Utilities

Average Base Salary ($000s) Average Total Comp ($000s)

© 2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 29 US Data

Page 76: 2013 Risk Management Compensation Survey - RIMS

2013 Risk Management Compensation Survey

Claims Manager

Regions (defined in Section I - 15)

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 112 $86.9 $94.1

North East Region North East 10 $97.5 $101.0

Mid Atlantic Region Mid Atlantic 21 $91.2 $97.3

South East Region South East 15 $82.8 $91.9

Mississippi Valley 21 $79.6 $82.9

Mountain Region Mountain 27 $85.0 $95.3

Western Region Western 18 $91.0 $99.9

Average Compensation by Region

$8

6.9

$9

7.5

$9

1.2

$8

2.8

$7

9.6

$8

5.0

$9

1.0

$9

4.1

$1

01

.0

$9

7.3

$9

1.9

$8

2.9

$9

5.3

$9

9.9

$0.0

$20.0

$40.0

$60.0

$80.0

$100.0

$120.0

All Respondents North East Mid Atlantic South East Mississippi Valley Mountain Western

Average Base Salary ($000s) Average Total Comp ($000s)

© 2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 30 US Data

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2013 Risk Management Compensation Survey

Environmental, Health or Safety Manager

Ownership Type

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All RespondentsAll Respondents 33 $91.6 $100.5

Publicly TradedPublicly Traded 12 $89.1 $97.7

Private 14 $95.5 $109.1

Government 6 $93.7 $93.7

Not-for-Profit 1 -- --

Other 0 -- --

Revenue

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 33 $91.6 $100.5

Less than $100

Million0 -- --

$100 - $250 Million$100 - $250

Million3 -- --

$250 - $500 Million$250 - $500

Million7 $95.0 $112.2

$500 Million - $1 Billion 5 $74.1 $78.7

$1 - $5 Billion$1 - $5

Billion4 -- --

$5 - $10 Billion$5 - $10

Billion1 -- --

Greater than

$10 Billion3 -- --

Average Compensation by Ownership Type

Average Compensation by Revenue

$9

1.6

$8

9.1

$9

5.5

$9

3.7

$0

.0

$0

.0

$1

00

.5

$9

7.7

$1

09

.1

$9

3.7

$0

.0

$0

.0

$0.0

$20.0

$40.0

$60.0

$80.0

$100.0

$120.0

All Respondents Publicly Traded Private Government Not-for-Profit Other

Average Base Salary ($000s) Average Total Comp ($000s)

$9

1.6

$0

.0

$0

.0

$9

5.0

$7

4.1

$0

.0

$0

.0

$0

.0

$1

00

.5

$0

.0

$0

.0

$1

12

.2

$7

8.7

$0

.0

$0

.0

$0

.0

$0.0

$20.0

$40.0

$60.0

$80.0

$100.0

$120.0

All Respondents Less than $100Million

$100 - $250Million

$250 - $500Million

$500 Million - $1Billion

$1 - $5Billion

$5 - $10Billion

Greater than$10 Billion

Average Base Salary ($000s) Average Total Comp ($000s)

© 2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 31 US Data

Page 78: 2013 Risk Management Compensation Survey - RIMS

2013 Risk Management Compensation Survey

Environmental, Health or Safety Manager

Degree

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 33 $91.6 $100.5

HS/Associate 3 -- --

Bachelors 18 $87.8 $96.9

MA/MS 7 $108.4 $114.1

MBA 4 -- --

JD 0 -- --

Supervisory Responsibility

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 33 $91.6 $100.5

No 15 $86.1 $91.6

1 or Fewer 3 -- --

From 1 to 3 4 -- --

From 3 to 5 4 -- --

More than 5 6 $105.0 $122.0

Average Compensation by Degree

Average Compensation by Supervisory Responsibility

$9

1.6

$0

.0

$8

7.8

$1

08

.4

$0

.0

$0

.0

$1

00

.5

$0

.0

$9

6.9

$1

14

.1

$0

.0

$0

.0

$0.0

$20.0

$40.0

$60.0

$80.0

$100.0

$120.0

All Respondents HS/Associate Bachelors MA/MS MBA JD

Average Base Salary ($000s) Average Total Comp ($000s)

$9

1.6

$8

6.1

$0

.0

$0

.0

$0

.0

$1

05

.0

$1

00

.5

$9

1.6

$0

.0

$0

.0

$0

.0

$1

22

.0

$0.0

$20.0

$40.0

$60.0

$80.0

$100.0

$120.0

$140.0

All Respondents No 1 or Fewer From 1 to 3 From 3 to 5 More than 5

Average Base Salary ($000s) Average Total Comp ($000s)

© 2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 32 US Data

Page 79: 2013 Risk Management Compensation Survey - RIMS

2013 Risk Management Compensation Survey

Environmental, Health or Safety Manager

Industry

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 33 $91.6 $100.5

Government 5 $93.2 $93.2

Mfg - Nondurable (includes Food, Paper & Allied

Products)6 $109.7 $116.5

Regions (defined in Section I - 15)

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 33 $91.6 $100.5

North East Region North East 4 -- --

Mid Atlantic Region Mid Atlantic 4 -- --

South East Region South East 8 $76.1 $78.9

Mississippi Valley 3 -- --

Mountain Region Mountain 7 $82.4 $97.2

Western Region Western 7 $103.1 $109.1

Average Compensation by Region

Average Compensation by Industry

$91.6

$93.2

$109.7

$100.5

$93.2

$116.5

$0.0 $20.0 $40.0 $60.0 $80.0 $100.0 $120.0 $140.0

All Respondents

Government

Mfg - Nondurable (includes Food, Paper & AlliedProducts)

Average Base Salary ($000s) Average Total Comp ($000s)

$9

1.6

$0

.0

$0

.0

$7

6.1

$0

.0

$8

2.4

$1

03

.1

$1

00

.5

$0

.0

$0

.0

$7

8.9

$0

.0

$9

7.2

$1

09

.1

$0.0

$20.0

$40.0

$60.0

$80.0

$100.0

$120.0

All Respondents North East Mid Atlantic South East Mississippi Valley Mountain Western

Average Base Salary ($000s) Average Total Comp ($000s)

© 2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 33 US Data

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2013 Risk Management Compensation Survey

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© 2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 34

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2013 Risk Management Compensation Survey

Risk Management Analyst (Enterprise-Wide)

Ownership Type

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All RespondentsAll Respondents 79 $76.5 $80.2

Publicly TradedPublicly Traded 27 $75.4 $80.1

Private 25 $80.8 $86.4

Government 13 $73.8 $74.1

Not-for-Profit 10 $75.8 $77.4

Other 4 -- --

Revenue

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 79 $76.5 $80.2

Less than $100

Million5 $66.9 $69.5

$100 - $250 Million$100 - $250

Million7 $77.3 $78.9

$250 - $500 Million$250 - $500

Million5 $76.1 $78.9

$500 Million - $1 Billion 9 $72.3 $75.5

$1 - $5 Billion$1 - $5

Billion23 $84.5 $87.8

$5 - $10 Billion$5 - $10

Billion10 $72.8 $77.4

Greater than

$10 Billion6 $78.2 $81.5

Average Compensation by Ownership Type

Average Compensation by Revenue

$7

6.5

$7

5.4

$8

0.8

$7

3.8

$7

5.8

$0

.0

$8

0.2

$8

0.1

$8

6.4

$7

4.1

$7

7.4

$0

.0

$0.0

$10.0

$20.0

$30.0

$40.0

$50.0

$60.0

$70.0

$80.0

$90.0

$100.0

All Respondents Publicly Traded Private Government Not-for-Profit Other

Average Base Salary ($000s) Average Total Comp ($000s)

$7

6.5

$6

6.9

$7

7.3

$7

6.1

$7

2.3

$8

4.5

$7

2.8

$7

8.2

$8

0.2

$6

9.5

$7

8.9

$7

8.9

$7

5.5

$8

7.8

$7

7.4

$8

1.5

$0.0

$10.0

$20.0

$30.0

$40.0

$50.0

$60.0

$70.0

$80.0

$90.0

$100.0

All Respondents Less than $100Million

$100 - $250Million

$250 - $500Million

$500 Million - $1Billion

$1 - $5Billion

$5 - $10Billion

Greater than$10 Billion

Average Base Salary ($000s) Average Total Comp ($000s)

© 2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 35 US Data

Page 82: 2013 Risk Management Compensation Survey - RIMS

2013 Risk Management Compensation Survey

Risk Management Analyst (Enterprise-Wide)

Degree

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 79 $76.5 $80.2

HS/Associate 8 $69.8 $71.5

Bachelors 41 $72.6 $77.0

MA/MS 4 -- --

MBA 18 $80.5 $83.5

JD 2 -- --

Supervisory Responsibility

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 79 $76.5 $80.2

No 59 $72.0 $75.3

1 or Fewer 9 $96.4 $103.8

From 1 to 3 10 $86.2 $88.4

From 3 to 5 0 -- --

More than 5 1 -- --

Average Compensation by Degree

Average Compensation by Supervisory Responsibility

$7

6.5

$6

9.8

$7

2.6

$0

.0

$8

0.5

$0

.0

$8

0.2

$7

1.5

$7

7.0

$0

.0

$8

3.5

$0

.0

$0.0

$10.0

$20.0

$30.0

$40.0

$50.0

$60.0

$70.0

$80.0

$90.0

All Respondents HS/Associate Bachelors MA/MS MBA JD

Average Base Salary ($000s) Average Total Comp ($000s)

$7

6.5

$7

2.0

$9

6.4

$8

6.2

$0

.0

$0

.0

$8

0.2

$7

5.3

$1

03

.8

$8

8.4

$0

.0

$0

.0

$0.0

$20.0

$40.0

$60.0

$80.0

$100.0

$120.0

All Respondents No 1 or Fewer From 1 to 3 From 3 to 5 More than 5

Average Base Salary ($000s) Average Total Comp ($000s)

© 2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 36 US Data

Page 83: 2013 Risk Management Compensation Survey - RIMS

2013 Risk Management Compensation Survey

Risk Management Analyst (Enterprise-Wide)

Industry

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 79 $76.5 $80.2

Chemical/Pharmaceutical/Biotechnology 5 $102.8 $113.2

Finance/Banking 6 $82.2 $84.7

Government 7 $69.8 $69.8

Insurance 9 $77.1 $79.7

Retail 7 $68.2 $71.4

Utilities 10 $84.1 $85.9

Average Compensation by Industry

$76.5

$102.8

$82.2

$69.8

$77.1

$68.2

$84.1

$80.2

$113.2

$84.7

$69.8

$79.7

$71.4

$85.9

$0.0 $20.0 $40.0 $60.0 $80.0 $100.0 $120.0

All Respondents

Chemical/Pharmaceutical/Biotechnology

Finance/Banking

Government

Insurance

Retail

Utilities

Average Base Salary ($000s) Average Total Comp ($000s)

© 2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 37 US Data

Page 84: 2013 Risk Management Compensation Survey - RIMS

2013 Risk Management Compensation Survey

Risk Management Analyst (Enterprise-Wide)

Regions (defined in Section I - 15)

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 79 $76.5 $80.2

North East Region North East 5 $71.8 $72.2

Mid Atlantic Region Mid Atlantic 13 $76.1 $79.9

South East Region South East 12 $62.7 $70.4

Mississippi Valley 16 $75.4 $78.3

Mountain Region Mountain 16 $82.1 $86.9

Western Region Western 17 $83.8 $85.2

Average Compensation by Region

$7

6.5

$7

1.8

$7

6.1

$6

2.7

$7

5.4

$8

2.1

$8

3.8

$8

0.2

$7

2.2

$7

9.9

$7

0.4

$7

8.3

$8

6.9

$8

5.2

$0.0

$10.0

$20.0

$30.0

$40.0

$50.0

$60.0

$70.0

$80.0

$90.0

$100.0

All Respondents North East Mid Atlantic South East Mississippi Valley Mountain Western

Average Base Salary ($000s) Average Total Comp ($000s)

© 2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 38 US Data

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2013 Risk Management Compensation Survey

Risk Management Analyst

Ownership Type

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All RespondentsAll Respondents 202 $69.6 $72.7

Publicly TradedPublicly Traded 104 $70.3 $74.0

Private 58 $66.5 $69.8

Government 22 $68.6 $68.6

Not-for-Profit 15 $74.8 $76.1

Other 3 -- --

Revenue

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 202 $69.6 $72.7

Less than $100

Million8 $71.2 $74.9

$100 - $250 Million$100 - $250

Million8 $74.2 $78.8

$250 - $500 Million$250 - $500

Million14 $63.8 $66.4

$500 Million - $1 Billion 24 $65.6 $67.2

$1 - $5 Billion$1 - $5

Billion50 $73.7 $75.9

$5 - $10 Billion$5 - $10

Billion25 $64.5 $67.8

Greater than

$10 Billion36 $77.9 $82.8

Average Compensation by Ownership Type

Average Compensation by Revenue

$6

9.6

$7

0.3

$6

6.5

$6

8.6

$7

4.8

$0

.0

$7

2.7

$7

4.0

$6

9.8

$6

8.6

$7

6.1

$0

.0

$0.0

$10.0

$20.0

$30.0

$40.0

$50.0

$60.0

$70.0

$80.0

All Respondents Publicly Traded Private Government Not-for-Profit Other

Average Base Salary ($000s) Average Total Comp ($000s)

$6

9.6

$7

1.2

$7

4.2

$6

3.8

$6

5.6

$7

3.7

$6

4.5

$7

7.9

$7

2.7

$7

4.9

$7

8.8

$6

6.4

$6

7.2

$7

5.9

$6

7.8

$8

2.8

$0.0

$10.0

$20.0

$30.0

$40.0

$50.0

$60.0

$70.0

$80.0

$90.0

All Respondents Less than $100Million

$100 - $250Million

$250 - $500Million

$500 Million - $1Billion

$1 - $5Billion

$5 - $10Billion

Greater than$10 Billion

Average Base Salary ($000s) Average Total Comp ($000s)

© 2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 39 US Data

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2013 Risk Management Compensation Survey

Risk Management Analyst

Degree

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 202 $69.6 $72.7

HS/Associate 34 $67.5 $69.8

Bachelors 118 $69.1 $72.2

MA/MS 15 $70.8 $74.5

MBA 21 $78.4 $83.2

JD 6 $73.7 $74.6

Supervisory Responsibility

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 202 $69.6 $72.7

No 186 $69.1 $72.0

1 or Fewer 11 $74.9 $80.0

From 1 to 3 3 -- --

From 3 to 5 0 -- --

More than 5 0 -- --

Average Compensation by Degree

Average Compensation by Supervisory Responsibility

$6

9.6

$6

7.5

$6

9.1

$7

0.8

$7

8.4

$7

3.7

$7

2.7

$6

9.8

$7

2.2

$7

4.5

$8

3.2

$7

4.6

$0.0

$10.0

$20.0

$30.0

$40.0

$50.0

$60.0

$70.0

$80.0

$90.0

All Respondents HS/Associate Bachelors MA/MS MBA JD

Average Base Salary ($000s) Average Total Comp ($000s)

$6

9.6

$6

9.1

$7

4.9

$0

.0

$0

.0

$0

.0

$7

2.7

$7

2.0

$8

0.0

$0

.0

$0

.0

$0

.0

$0.0

$10.0

$20.0

$30.0

$40.0

$50.0

$60.0

$70.0

$80.0

$90.0

All Respondents No 1 or Fewer From 1 to 3 From 3 to 5 More than 5

Average Base Salary ($000s) Average Total Comp ($000s)

© 2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 40 US Data

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2013 Risk Management Compensation Survey

Risk Management Analyst

Industry

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 202 $69.6 $72.7

Chemical/Pharmaceutical/Biotechnology 12 $82.4 $86.5

Computer Software/Services 5 $78.3 $79.9

Construction/Engineering/Architectural 7 $68.7 $71.4

Education 6 $69.5 $72.0

Energy 17 $73.2 $78.8

Finance/Banking 9 $71.3 $73.5

Government 11 $67.0 $67.0

Healthcare 9 $71.0 $73.8

Insurance 8 $73.3 $75.1

Mfg - Durable (includes Aerospace,

Computer/Office Equipment, Electronics)23 $66.6 $69.7

Mfg - Nondurable (includes Food, Paper & Allied

Products)7 $58.6 $59.8

Real Estate 10 $53.6 $56.9

Retail 7 $62.0 $63.8

Telecommunications 7 $60.3 $61.4

Transportation 15 $69.5 $75.8

Utilities 15 $75.6 $78.9

Average Compensation by Industry

$69.6

$82.4

$78.3

$68.7

$69.5

$73.2

$71.3

$67.0

$71.0

$73.3

$66.6

$58.6

$53.6

$62.0

$60.3

$69.5

$75.6

$72.7

$86.5

$79.9

$71.4

$72.0

$78.8

$73.5

$67.0

$73.8

$75.1

$69.7

$59.8

$56.9

$63.8

$61.4

$75.8

$78.9

$0.0 $10.0 $20.0 $30.0 $40.0 $50.0 $60.0 $70.0 $80.0 $90.0 $100.0

All Respondents

Chemical/Pharmaceutical/Biotechnology

Computer Software/Services

Construction/Engineering/Architectural

Education

Energy

Finance/Banking

Government

Healthcare

Insurance

Mfg - Durable (includes Aerospace, Computer/OfficeEquipment, Electronics)

Mfg - Nondurable (includes Food, Paper & Allied Products)

Real Estate

Retail

Telecommunications

Transportation

Utilities

Average Base Salary ($000s) Average Total Comp ($000s)

© 2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 41 US Data

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2013 Risk Management Compensation Survey

Risk Management Analyst

Regions (defined in Section I - 15)

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 202 $69.6 $72.7

North East Region North East 18 $82.5 $85.7

Mid Atlantic Region Mid Atlantic 31 $69.8 $74.1

South East Region South East 30 $64.4 $67.2

Mississippi Valley 43 $64.6 $67.1

Mountain Region Mountain 41 $70.7 $73.5

Western Region Western 39 $72.0 $75.1

Average Compensation by Region

$6

9.6

$8

2.5

$6

9.8

$6

4.4

$6

4.6

$7

0.7

$7

2.0

$7

2.7

$8

5.7

$7

4.1

$6

7.2

$6

7.1

$7

3.5

$7

5.1

$0.0

$10.0

$20.0

$30.0

$40.0

$50.0

$60.0

$70.0

$80.0

$90.0

$100.0

All Respondents North East Mid Atlantic South East Mississippi Valley Mountain Western

Average Base Salary ($000s) Average Total Comp ($000s)

© 2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 42 US Data

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2013 Risk Management Compensation Survey

Claims Analyst

Ownership Type

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All RespondentsAll Respondents 15 $64.2 $66.3

Publicly TradedPublicly Traded 9 $67.0 $70.2

Private 1 -- --

Government 1 -- --

Not-for-Profit 4 -- --

Other 0 -- --

Revenue

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 15 $64.2 $66.3

Less than $100

Million2 -- --

$100 - $250 Million$100 - $250

Million0 -- --

$250 - $500 Million$250 - $500

Million0 -- --

$500 Million - $1 Billion 1 -- --

$1 - $5 Billion$1 - $5

Billion2 -- --

$5 - $10 Billion$5 - $10

Billion1 -- --

Greater than

$10 Billion0 -- --

Average Compensation by Ownership Type

Average Compensation by Revenue

$6

4.2

$6

7.0

$0

.0

$0

.0

$0

.0

$0

.0

$6

6.3

$7

0.2

$0

.0

$0

.0

$0

.0

$0

.0

$0.0

$10.0

$20.0

$30.0

$40.0

$50.0

$60.0

$70.0

$80.0

All Respondents Publicly Traded Private Government Not-for-Profit Other

Average Base Salary ($000s) Average Total Comp ($000s)

$6

4.2

$0

.0

$0

.0

$0

.0

$0

.0

$0

.0

$0

.0

$0

.0

$6

6.3

$0

.0

$0

.0

$0

.0

$0

.0

$0

.0

$0

.0

$0

.0

$0.0

$10.0

$20.0

$30.0

$40.0

$50.0

$60.0

$70.0

All Respondents Less than $100Million

$100 - $250Million

$250 - $500Million

$500 Million - $1Billion

$1 - $5Billion

$5 - $10Billion

Greater than$10 Billion

Average Base Salary ($000s) Average Total Comp ($000s)

© 2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 43 US Data

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2013 Risk Management Compensation Survey

Claims Analyst

Degree

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 15 $64.2 $66.3

HS/Associate 3 -- --

Bachelors 9 $59.9 $62.2

MA/MS 0 -- --

MBA 1 -- --

JD 1 -- --

Supervisory Responsibility

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 15 $64.2 $66.3

No 15 $64.2 $66.3

1 or Fewer 0 -- --

From 1 to 3 0 -- --

From 3 to 5 0 -- --

More than 5 0 -- --

Average Compensation by Degree

Average Compensation by Supervisory Responsibility

$6

4.2

$0

.0

$5

9.9

$0

.0

$0

.0

$0

.0

$6

6.3

$0

.0

$6

2.2

$0

.0

$0

.0

$0

.0

$0.0

$10.0

$20.0

$30.0

$40.0

$50.0

$60.0

$70.0

All Respondents HS/Associate Bachelors MA/MS MBA JD

Average Base Salary ($000s) Average Total Comp ($000s)

$6

4.2

$6

4.2

$0

.0

$0

.0

$0

.0

$0

.0

$6

6.3

$6

6.3

$0

.0

$0

.0

$0

.0

$0

.0

$0.0

$10.0

$20.0

$30.0

$40.0

$50.0

$60.0

$70.0

All Respondents No 1 or Fewer From 1 to 3 From 3 to 5 More than 5

Average Base Salary ($000s) Average Total Comp ($000s)

© 2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 44 US Data

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2013 Risk Management Compensation Survey

Claims Analyst

Regions (defined in Section I - 15)

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 15 $64.2 $66.3

North East Region North East 0 -- --

Mid Atlantic Region Mid Atlantic 2 -- --

South East Region South East 3 -- --

Mississippi Valley 1 -- --

Mountain Region Mountain 5 $61.5 $61.8

Western Region Western 4 -- --

Average Compensation by Region

Average Compensation by Industry

No Breakdowns Available - Insufficient Sample Size

$6

4.2

$0

.0

$0

.0

$0

.0

$0

.0

$6

1.5

$0

.0

$6

6.3

$0

.0

$0

.0

$0

.0

$0

.0

$6

1.8

$0

.0

$0.0

$10.0

$20.0

$30.0

$40.0

$50.0

$60.0

$70.0

All Respondents North East Mid Atlantic South East Mississippi Valley Mountain Western

Average Base Salary ($000s) Average Total Comp ($000s)

© 2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 45 US Data

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2013 Risk Management Compensation Survey

This Page Intentionally Blank

© 2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 46

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2013 Risk Management Compensation Survey

Chief Risk Officer | Vice President - Risk Management | Vice President - Strategic and Enterprise Risk

Cash Compensation (All dollar amounts are displayed in USD $000s)

Scope

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

All Respondents 211 $184.2 $148.5 $178.0 $206.0 165 $55.5 $30.0 $45.0 $70.0 113 33.0% 30.0% 211 $227.6 $170.0 $223.0 $265.0 20.5 20.0

Ownership Type

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Publicly Traded 93 $192.8 $160.0 $197.0 $215.0 74 $65.1 $40.0 $54.5 $80.0 60 37.0% 30.0% 93 $244.7 $190.7 $235.0 $275.0 21.1 21.0

Private 80 $175.7 $140.0 $169.5 $200.0 67 $52.3 $20.0 $43.0 $65.0 40 32.0% 25.0% 80 $219.4 $169.5 $201.5 $250.0 19.8 20.0

Government 12 $155.0 $126.0 $148.0 $159.3 6 $27.3 -- $15.0 -- 4 -- -- 12 $168.6 $126.0 $157.4 $169.2 18.3 17.5

Not-for-Profit 24 $196.4 $160.0 $197.5 $217.5 18 $37.5 $30.0 $35.1 $40.0 9 23.0% 20.0% 24 $224.5 $172.0 $230.0 $269.5 22.1 26.0

Other 2 -- -- -- -- 0 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --

Revenue

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Less than $100 Million 24 $157.4 $120.5 $157.5 $185.0 14 $46.3 $18.0 $32.5 $50.0 5 18.0% 20.0% 24 $184.4 $139.5 $167.0 $231.5 17.7 18.0

$100 - $250 Million 18 $149.1 $130.0 $146.3 $170.0 18 $29.6 $12.0 $21.3 $45.0 11 33.0% 25.0% 18 $178.8 $145.0 $177.2 $205.0 17.4 17.0

$250 - $500 Million 9 $195.9 -- $155.0 -- 4 -- -- -- -- 3 -- -- 9 $214.8 -- $170.0 -- 20.2 20.0

$500 Million - $1 Billion 28 $183.5 $145.8 $165.5 $222.5 23 $54.4 $25.0 $40.0 $65.0 13 40.0% 40.0% 28 $228.2 $169.0 $217.0 $272.4 20.6 21.0

$1 - $5 Billion 75 $183.4 $155.0 $185.0 $210.0 61 $58.3 $30.0 $49.0 $70.0 44 33.0% 30.0% 75 $230.8 $178.0 $225.0 $274.0 21.6 23.0

$5 - $10 Billion 21 $192.0 $166.0 $190.0 $200.0 16 $54.2 $33.5 $47.5 $72.5 12 31.0% 30.0% 21 $233.3 $190.7 $228.0 $266.5 23.2 25.0

Greater than $10 Billion 34 $215.8 $180.0 $206.0 $250.0 27 $76.1 $50.0 $60.0 $90.0 24 37.0% 30.0% 34 $276.2 $226.0 $253.0 $335.0 20.3 20.0

Degree

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

High School/Associate Degree 14 $175.2 $130.0 $163.0 $215.0 11 $49.7 $13.0 $40.0 $73.0 4 -- -- 14 $214.3 $140.0 $208.5 $275.0 25.7 27.0

Bachelors 97 $179.7 $148.0 $175.0 $200.0 73 $55.9 $30.0 $45.0 $66.0 51 34.0% 30.0% 97 $221.7 $169.0 $211.2 $250.0 20.6 20.0

MA/MS 18 $165.6 $135.0 $154.0 $190.0 15 $47.4 $16.5 $37.5 $50.0 8 27.0% 20.0% 18 $205.1 $145.0 $187.5 $231.0 21.7 21.0

MBA 56 $188.7 $158.0 $192.5 $206.0 49 $63.8 $35.0 $52.0 $90.0 38 34.0% 30.0% 56 $244.5 $190.3 $235.0 $297.5 19.3 20.0

JD 17 $219.9 $169.0 $215.0 $235.0 9 $43.4 -- $43.5 -- 6 33.0% 28.0% 17 $242.9 $188.5 $235.0 $265.0 19.1 18.0

Ph.D 2 -- -- -- -- 1 -- -- -- -- 1 -- -- 2 -- -- -- -- -- --

Supervisory Responsibility

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

No 16 $161.7 $121.8 $152.5 $197.5 11 $51.2 $25.0 $35.0 $88.0 10 35.0% 30.0% 16 $196.9 $142.8 $177.5 $227.5 19.7 16.0

1 or Fewer 15 $163.8 $137.5 $148.5 $198.0 12 $27.2 $10.0 $20.4 $42.5 8 25.0% 28.0% 15 $185.6 $140.0 $188.0 $230.0 22.5 25.0

From 1 to 3 46 $175.1 $144.0 $171.5 $200.0 36 $54.4 $37.5 $48.0 $60.0 27 32.0% 30.0% 46 $217.6 $170.0 $211.0 $250.0 19.8 20.0

From 3 to 5 44 $185.7 $154.0 $185.0 $207.5 37 $57.1 $35.0 $50.0 $73.0 23 34.0% 30.0% 44 $233.7 $181.5 $232.5 $274.5 20.5 22.5

More than 5 62 $197.6 $153.0 $192.5 $232.0 45 $60.6 $20.0 $45.0 $80.0 32 33.0% 30.0% 62 $241.6 $169.4 $225.5 $281.0 20.3 20.0

Description of Responsibilities: Plans and directs all aspects of an organization's risk management policies, objectives, and initiatives. Responsible for the development and execution of the organization’s enterprise risk and risk appetite

frameworks, and related processes to achieve the organization’s short- and long-term strategic, financial and operational goals. Directs the development of the organization’s risk practices as an interrelated risk portfolio to create, capture and

protect the enterprise value. Seeks ways to optimize risk decision making in the organization as a competitive advantage, using multiple techniques and solutions. Recognized as a dynamic, proactive and decisive risk leader. Possesses a broad-

based operational perspective, an intimate knowledge of internal business processes and understanding of the organization’s industry. Adapts well to and initiates change in the organization. Demonstrates expertise in a variety of the field's

concepts, practices, and procedures. Relies on extensive personal leadership skills, network of internal and external alliances, experience and judgment to plan and accomplish goals. Performs a variety of tasks. Leads and directs the work of

others. A wide degree of creativity and latitude is expected. Key traits for the individual in this position are: highly developed communications, team player, change agent, strategic and creative, excellent project management skills and the

ability to drive performance from all areas within the organization.

Position level/Reporting Structure: This person typically reports to the CEO, President, Principal or Executive Director They are identified as the top risk executive in the company and may be the CFO or COO if these positions are identified as

the person responsible for all activities relating to risk within the organization.

Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt

© 2013 Risk and Insurance Management Society, Inc. (RIMS) V - 1 US Data

Page 94: 2013 Risk Management Compensation Survey - RIMS

2013 Risk Management Compensation Survey

Chief Risk Officer | Vice President - Risk Management | Vice President - Strategic and Enterprise RiskDescription of Responsibilities: Plans and directs all aspects of an organization's risk management policies, objectives, and initiatives. Responsible for the development and execution of the organization’s enterprise risk and risk appetite

frameworks, and related processes to achieve the organization’s short- and long-term strategic, financial and operational goals. Directs the development of the organization’s risk practices as an interrelated risk portfolio to create, capture and

protect the enterprise value. Seeks ways to optimize risk decision making in the organization as a competitive advantage, using multiple techniques and solutions. Recognized as a dynamic, proactive and decisive risk leader. Possesses a broad-

based operational perspective, an intimate knowledge of internal business processes and understanding of the organization’s industry. Adapts well to and initiates change in the organization. Demonstrates expertise in a variety of the field's

concepts, practices, and procedures. Relies on extensive personal leadership skills, network of internal and external alliances, experience and judgment to plan and accomplish goals. Performs a variety of tasks. Leads and directs the work of

others. A wide degree of creativity and latitude is expected. Key traits for the individual in this position are: highly developed communications, team player, change agent, strategic and creative, excellent project management skills and the

ability to drive performance from all areas within the organization.

Position level/Reporting Structure: This person typically reports to the CEO, President, Principal or Executive Director They are identified as the top risk executive in the company and may be the CFO or COO if these positions are identified as

the person responsible for all activities relating to risk within the organization.

Cash Compensation (All dollar amounts are displayed in USD $000s)

Scope

Industry

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Agriculture 3 -- -- -- -- 3 -- -- -- -- 2 -- -- 3 -- -- -- -- -- --

Business/Info

Services/Consulting/Legal/Accounting8 $172.6 -- $175.0 -- 7 $36.9 -- $45.0 -- 4 -- -- 8 $204.8 -- $210.3 -- 19.4 20.5

Chemical/Pharmaceutical/Biotechnology 3 -- -- -- -- 3 -- -- -- -- 1 -- -- 3 -- -- -- -- -- --

Computer Software/Services 1 -- -- -- -- 1 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --

Construction/Engineering/Architectural 6 $168.6 -- $165.5 -- 3 -- -- -- -- 0 -- -- 6 $179.2 -- $179.8 -- 29.3 30.5

Education 3 -- -- -- -- 0 -- -- -- -- 0 -- -- 3 -- -- -- -- -- --

Energy 8 $171.4 -- $168.5 -- 8 $50.6 -- $59.5 -- 6 25.0% 25.0% 8 $222.0 -- $230.5 -- 16.4 14.5

Entertainment & Media 6 $199.8 -- $212.0 -- 6 $37.7 -- $32.5 -- 3 -- -- 6 $237.5 -- $247.5 -- 25.3 25.0

Finance/Banking 7 $183.2 -- $180.0 -- 6 $59.6 -- $66.3 -- 4 -- -- 7 $234.3 -- $270.0 -- 17.0 18.0

Government 4 -- -- -- -- 1 -- -- -- -- 0 -- -- 4 -- -- -- -- -- --

Healthcare 22 $192.0 $153.0 $177.3 $215.0 17 $34.0 $25.0 $35.0 $45.0 8 20.0% 20.0% 22 $218.3 $156.0 $215.6 $265.0 22.4 26.0

Hospitality 8 $180.1 -- $171.8 -- 6 $39.3 -- $32.5 -- 5 24.0% 25.0% 8 $209.6 -- $200.0 -- 19.3 19.0

Insurance 13 $221.9 $169.0 $200.0 $235.0 7 $37.6 -- $40.0 -- 6 27.0% 30.0% 13 $242.2 $188.0 $233.0 $250.0 21.0 25.0

Mfg - Durable (includes Aerospace,

Computer/Office Equipment, Electronics)16 $187.8 $155.0 $171.3 $217.5 13 $67.0 $40.0 $56.0 $83.8 11 32.0% 30.0% 16 $242.2 $178.0 $211.5 $275.0 21.3 22.5

Mfg - Nondurable (includes Food, Paper & Allied

Products)10 $186.7 $148.5 $182.5 $231.0 10 $68.4 $48.8 $68.0 $101.5 6 40.0% 33.0% 10 $255.0 $197.3 $258.2 $297.0 23.3 23.5

Mining/Milling/Smelting 2 -- -- -- -- 2 -- -- -- -- 2 -- -- 2 -- -- -- -- -- --

Not-for-Profit 2 -- -- -- -- 1 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --

Real Estate 19 $165.5 $135.0 $155.0 $200.0 16 $57.6 $32.5 $47.5 $76.0 11 35.0% 35.0% 19 $214.0 $170.0 $200.0 $255.0 20.7 20.0

Research & Development 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Retail 15 $190.0 $160.0 $190.0 $215.0 12 $60.3 $32.5 $47.8 $74.0 10 46.0% 35.0% 15 $238.2 $190.0 $223.0 $275.0 20.1 20.0

Service 11 $161.0 $125.0 $150.0 $200.0 10 $42.2 $32.0 $35.0 $50.0 6 21.0% 25.0% 11 $199.4 $150.0 $185.0 $240.0 17.0 12.5

Telecommunications 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --

Transportation 14 $174.3 $146.0 $175.0 $200.0 11 $69.8 $15.0 $45.0 $105.0 10 28.0% 28.0% 14 $229.2 $169.0 $222.5 $240.0 18.3 18.0

Utilities 7 $201.6 -- $232.0 -- 5 $145.1 -- $108.0 -- 4 -- -- 7 $305.3 -- $279.9 -- 18.6 20.0

Wholesale Distribution 9 $186.5 -- $178.0 -- 7 $42.4 -- $50.0 -- 6 56.0% 53.0% 9 $219.5 -- $220.0 -- 23.3 23.0

Other 13 $189.9 $165.0 $200.0 $206.0 9 $81.7 -- $78.0 -- 7 34.0% 30.0% 13 $246.4 $225.0 $240.0 $305.0 19.7 22.0

Regions (defined in Section I - 15)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

North East Region 34 $189.0 $160.0 $185.0 $205.0 26 $57.3 $35.0 $52.5 $80.0 23 36.0% 30.0% 34 $232.8 $185.0 $220.6 $275.0 20.3 20.5

Mid Atlantic Region 23 $179.5 $144.9 $176.0 $200.0 19 $67.5 $35.0 $56.0 $105.0 10 37.0% 30.0% 23 $235.2 $185.0 $235.0 $266.5 23.4 23.0

South East Region 28 $168.5 $144.3 $156.9 $197.5 22 $43.2 $20.0 $40.8 $56.0 16 27.0% 25.0% 28 $202.5 $166.9 $194.3 $230.0 17.9 18.5

Mississippi Valley Region 50 $193.8 $150.0 $182.5 $215.0 38 $66.1 $30.0 $50.8 $72.0 28 35.0% 30.0% 50 $244.0 $175.0 $222.5 $270.0 21.6 21.0

Mountain Region 41 $170.2 $139.7 $169.0 $200.0 35 $40.9 $15.0 $40.0 $54.0 23 29.0% 25.0% 41 $205.0 $157.2 $200.0 $240.0 18.2 17.0

Western Region 35 $197.6 $152.9 $200.0 $232.0 25 $59.9 $25.0 $40.0 $73.0 13 36.0% 30.0% 35 $240.4 $156.0 $238.0 $283.0 22.3 24.0

Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt

© 2013 Risk and Insurance Management Society, Inc. (RIMS) V - 2 US Data

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2013 Risk Management Compensation Survey

Chief Risk Officer | Vice President - Risk Management | Vice President - Strategic and Enterprise RiskDescription of Responsibilities: Plans and directs all aspects of an organization's risk management policies, objectives, and initiatives. Responsible for the development and execution of the organization’s enterprise risk and risk appetite

frameworks, and related processes to achieve the organization’s short- and long-term strategic, financial and operational goals. Directs the development of the organization’s risk practices as an interrelated risk portfolio to create, capture and

protect the enterprise value. Seeks ways to optimize risk decision making in the organization as a competitive advantage, using multiple techniques and solutions. Recognized as a dynamic, proactive and decisive risk leader. Possesses a broad-

based operational perspective, an intimate knowledge of internal business processes and understanding of the organization’s industry. Adapts well to and initiates change in the organization. Demonstrates expertise in a variety of the field's

concepts, practices, and procedures. Relies on extensive personal leadership skills, network of internal and external alliances, experience and judgment to plan and accomplish goals. Performs a variety of tasks. Leads and directs the work of

others. A wide degree of creativity and latitude is expected. Key traits for the individual in this position are: highly developed communications, team player, change agent, strategic and creative, excellent project management skills and the

ability to drive performance from all areas within the organization.

Position level/Reporting Structure: This person typically reports to the CEO, President, Principal or Executive Director They are identified as the top risk executive in the company and may be the CFO or COO if these positions are identified as

the person responsible for all activities relating to risk within the organization.

Cash Compensation (All dollar amounts are displayed in USD $000s)

Scope

State

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

CA 26 $204.1 $165.0 $200.0 $235.0 21 $46.9 $25.0 $40.0 $55.0 10 31.0% 35.0% 26 $242.0 $200.0 $241.0 $283.0 22.5 24.5

CO 9 $151.6 -- $156.0 -- 7 $24.7 -- $17.5 -- 5 27.0% 20.0% 9 $170.8 -- $164.5 -- 19.3 17.0

FL 11 $178.4 $155.0 $169.0 $200.0 8 $40.1 -- $37.5 -- 6 28.0% 25.0% 11 $207.6 $164.7 $201.0 $249.0 18.5 20.0

GA 7 $170.6 -- $172.0 -- 5 $54.2 -- $45.0 -- 4 -- -- 7 $209.3 -- $200.0 -- 16.0 12.0

IL 15 $224.1 $148.5 $191.0 $270.0 12 $60.1 $35.0 $45.4 $63.0 8 39.0% 33.0% 15 $272.2 $178.0 $248.1 $335.0 19.9 19.0

MA 5 $165.1 -- $155.0 -- 5 $46.0 -- $50.0 -- 5 29.0% 30.0% 5 $211.1 -- $190.7 -- 21.8 21.0

MI 6 $166.4 -- $165.8 -- 4 -- -- -- -- 3 -- -- 6 $188.3 -- $176.8 -- 20.3 17.5

MO 6 $162.5 -- $152.5 -- 4 -- -- -- -- 3 -- -- 6 $188.5 -- $170.0 -- 27.0 27.0

NJ 11 $178.6 $165.0 $170.0 $200.0 8 $41.6 -- $40.5 -- 8 33.0% 23.0% 11 $208.9 $170.0 $205.0 $235.0 17.7 18.0

NY 12 $229.4 $199.0 $225.0 $262.0 11 $74.0 $60.0 $85.0 $90.0 9 47.0% 30.0% 12 $297.3 $250.5 $305.0 $361.5 22.3 28.5

OH 9 $209.0 -- $214.0 -- 7 $96.9 -- $60.0 -- 5 32.0% 25.0% 9 $284.3 -- $244.0 -- 23.0 25.0

PA 13 $158.6 $140.0 $160.0 $180.0 12 $71.0 $40.0 $58.0 $103.2 7 36.0% 30.0% 13 $224.1 $185.0 $235.0 $245.0 21.9 22.0

TN 7 $156.9 -- $145.0 -- 6 $41.3 -- $31.8 -- 5 24.0% 25.0% 7 $192.2 -- $160.0 -- 15.2 12.5

TX 21 $178.2 $160.0 $172.5 $200.0 19 $40.6 $20.8 $40.0 $54.0 12 28.0% 28.0% 21 $214.9 $170.0 $228.0 $250.0 20.7 23.0

WA 5 $184.2 -- $202.0 -- 3 -- -- -- -- 2 -- -- 5 $206.8 -- $237.0 -- 20.4 18.0

WI 8 $188.8 -- $193.0 -- 6 $90.8 -- $62.5 -- 4 -- -- 8 $256.9 -- $254.3 -- 18.1 20.5

Cash Compensation (All dollar amounts are displayed in USD $000s)

Scope

Metro Area

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Atlanta, GA 6 $174.0 -- $178.5 -- 4 -- -- -- -- 3 -- -- 6 $213.3 -- $205.0 -- 18.0 16.0

Boston-Worcester-Lawrence, MA-NH-ME-CT 5 $165.1 -- $155.0 -- 5 $46.0 -- $50.0 -- 5 29.0% 30.0% 5 $211.1 -- $190.7 -- 21.8 21.0

Chicago-Gary-Kenosha, IL-IN-WI 14 $215.8 $148.5 $188.0 $248.1 11 $62.9 $35.0 $48.8 $66.0 8 39.0% 33.0% 14 $265.2 $178.0 $237.5 $297.0 20.4 20.5

Dallas-Fort Worth, TX 12 $176.4 $162.5 $178.0 $195.0 10 $43.3 $32.0 $42.5 $54.0 6 24.0% 28.0% 12 $212.5 $167.5 $225.3 $253.1 22.6 24.5

Denver-Boulder-Greeley, CO 9 $151.6 -- $156.0 -- 7 $24.7 -- $17.5 -- 5 27.0% 20.0% 9 $170.8 -- $164.5 -- 19.3 17.0

Houston-Galveston-Brazoria, TX 6 $169.3 -- $160.5 -- 6 $39.8 -- $37.5 -- 3 -- -- 6 $209.2 -- $202.5 -- 21.7 25.0

Los Angeles-Riverside-Orange County, CA 17 $194.6 $156.0 $195.0 $226.6 13 $50.0 $18.0 $40.0 $55.0 7 29.0% 30.0% 17 $232.8 $169.4 $235.0 $283.0 23.0 25.0

Milwaukee-Racine, WI 5 $184.4 -- $186.0 -- 4 -- -- -- -- 4 -- -- 5 $251.3 -- $251.0 -- 18.4 18.0

New York-Northern New Jersey-Long Island, NY-

NJ-CT-PA23 $202.8 $165.0 $198.0 $225.0 17 $62.5 $35.0 $60.0 $85.0 17 39.0% 30.0% 23 $249.0 $190.0 $231.0 $295.0 19.0 18.0

Philadelphia-Wilmington-Atlantic City, PA-NJ-DE-

MD8 $154.9 -- $152.5 -- 7 $62.5 -- $50.0 -- 3 -- -- 8 $209.6 -- $208.5 -- 24.0 23.5

San Francisco-Oakland-San Jose, CA 7 $219.1 -- $226.0 -- 6 $46.7 -- $37.5 -- 3 -- -- 7 $259.1 -- $265.0 -- 21.0 22.0

Washington-Baltimore, DC-MD-VA-WV 6 $228.7 -- $242.0 -- 4 -- -- -- -- 2 -- -- 6 $274.3 -- $245.0 -- 26.8 25.0

Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt

Target Bonus Total Cash Compensation Yrs. In Risk MgmtBase Salary Bonus Amount

© 2013 Risk and Insurance Management Society, Inc. (RIMS) V - 3 US Data

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2013 Risk Management Compensation Survey

Chief Risk Officer | Vice President - Risk Management | Vice President - Strategic and Enterprise RiskDescription of Responsibilities: Plans and directs all aspects of an organization's risk management policies, objectives, and initiatives. Responsible for the development and execution of the organization’s enterprise risk and risk appetite

frameworks, and related processes to achieve the organization’s short- and long-term strategic, financial and operational goals. Directs the development of the organization’s risk practices as an interrelated risk portfolio to create, capture and

protect the enterprise value. Seeks ways to optimize risk decision making in the organization as a competitive advantage, using multiple techniques and solutions. Recognized as a dynamic, proactive and decisive risk leader. Possesses a broad-

based operational perspective, an intimate knowledge of internal business processes and understanding of the organization’s industry. Adapts well to and initiates change in the organization. Demonstrates expertise in a variety of the field's

concepts, practices, and procedures. Relies on extensive personal leadership skills, network of internal and external alliances, experience and judgment to plan and accomplish goals. Performs a variety of tasks. Leads and directs the work of

others. A wide degree of creativity and latitude is expected. Key traits for the individual in this position are: highly developed communications, team player, change agent, strategic and creative, excellent project management skills and the

ability to drive performance from all areas within the organization.

Position level/Reporting Structure: This person typically reports to the CEO, President, Principal or Executive Director They are identified as the top risk executive in the company and may be the CFO or COO if these positions are identified as

the person responsible for all activities relating to risk within the organization.

Respondent Characteristics

Male 67.3% Yes 59.2%

Female 29.4% No 40.8%

Did Not Indicate 3.3% Did Not Indicate 0.0%

High School/Associate Degree 6.6% Incentive Stock Options (ISOs) 31.2%

Bachelors 46.0% Non-Qualified Stock Options (NQSOs) 14.4%

MA/MS 8.5% Restricted Stock 52.8%

MBA 26.5% Stock Appreciation Rights (SARs) 11.2%

JD 8.1% Performance Shares 13.6%

MD 0.0% Performance Units 11.2%

Ph.D 0.9% Long-Term Cash 17.6%

Other 3.3% None of the Above Received 3.2%

* Only includes those eligible for LTI

Parent 85.8% Yes 92.4%

Division 3.3% No 7.6%

Subsidiary 2.8%

Single Location 4.7%

Other 3.3%

Gender Long-Term Incentive Eligible

Degree Type of Long-term Incentives Received*

Type of Organization Where Employed Supervise Individuals

© 2013 Risk and Insurance Management Society, Inc. (RIMS) V - 4 US Data

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2013 Risk Management Compensation Survey

Director - Business Continuity/Financial/IT Risk Management

Cash Compensation (All dollar amounts are displayed in USD $000s)

Scope

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

All Respondents 22 $141.7 $125.0 $145.9 $153.0 19 $28.5 $15.0 $25.0 $43.0 16 26.0% 23.0% 22 $166.4 $140.0 $162.2 $183.0 12.3 12.5

Ownership Type

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Publicly Traded 10 $144.3 $130.0 $146.5 $153.0 8 $33.7 -- $29.0 -- 9 28.0% 25.0% 10 $171.3 $140.0 $168.8 $190.0 9.3 8.0

Private 6 $139.8 -- $144.5 -- 6 $29.7 -- $26.0 -- 4 -- -- 6 $169.5 -- $169.0 -- 16.2 15.0

Government 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Not-for-Profit 5 $148.5 -- $145.7 -- 4 -- -- -- -- 2 -- -- 5 $163.7 -- $153.5 -- 14.0 15.0

Other 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --

Revenue

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Less than $100 Million 2 -- -- -- -- 2 -- -- -- -- 2 -- -- 2 -- -- -- -- -- --

$100 - $250 Million 2 -- -- -- -- 2 -- -- -- -- 1 -- -- 2 -- -- -- -- -- --

$250 - $500 Million 4 -- -- -- -- 2 -- -- -- -- 2 -- -- 4 -- -- -- -- -- --

$500 Million - $1 Billion 2 -- -- -- -- 2 -- -- -- -- 2 -- -- 2 -- -- -- -- -- --

$1 - $5 Billion 7 $145.2 -- $146.0 -- 6 $28.6 -- $26.0 -- 5 28.0% 25.0% 7 $169.6 -- $175.0 -- 13.9 14.0

$5 - $10 Billion 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --

Greater than $10 Billion 3 -- -- -- -- 3 -- -- -- -- 3 -- -- 3 -- -- -- -- -- --

Degree

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

High School/Associate Degree 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Bachelors 6 $143.3 -- $137.9 -- 5 $30.2 -- $20.0 -- 2 -- -- 6 $168.4 -- $151.8 -- 15.1 16.5

MA/MS 5 $164.6 -- $155.0 -- 5 $32.0 -- $28.0 -- 4 -- -- 5 $196.6 -- $183.0 -- 12.4 15.0

MBA 11 $130.5 $103.0 $140.0 $153.0 9 $25.7 -- $22.0 -- 10 27.0% 23.0% 11 $151.5 $113.0 $161.5 $176.0 10.7 10.0

JD 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Ph.D 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Supervisory Responsibility

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

No 3 -- -- -- -- 3 -- -- -- -- 2 -- -- 3 -- -- -- -- -- --

1 or Fewer 2 -- -- -- -- 2 -- -- -- -- 1 -- -- 2 -- -- -- -- -- --

From 1 to 3 5 $135.2 -- $130.0 -- 4 -- -- -- -- 3 -- -- 5 $160.8 -- $150.0 -- 13.2 14.0

From 3 to 5 6 $153.7 -- $147.2 -- 4 -- -- -- -- 5 27.0% 20.0% 6 $178.5 -- $171.5 -- 12.3 12.5

More than 5 2 -- -- -- -- 2 -- -- -- -- 2 -- -- 2 -- -- -- -- -- --

Combination of data from the Director - Business Continuity Management, Director - Financial Risk Management (Commodity, Credit, Interest Rates, and/or Foreign Currency), & Director - IT Risk Management positions.

See pages 9 though 14 in Section I of this report for a detailed job description of all positions.

Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt

© 2013 Risk and Insurance Management Society, Inc. (RIMS) V - 5 US Data

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2013 Risk Management Compensation Survey

Director - Business Continuity/Financial/IT Risk ManagementCombination of data from the Director - Business Continuity Management, Director - Financial Risk Management (Commodity, Credit, Interest Rates, and/or Foreign Currency), & Director - IT Risk Management positions.

See pages 9 though 14 in Section I of this report for a detailed job description of all positions.

Cash Compensation (All dollar amounts are displayed in USD $000s)

Scope

Industry

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Agriculture 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Business/Info

Services/Consulting/Legal/Accounting0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Chemical/Pharmaceutical/Biotechnology 1 -- -- -- -- 1 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --

Computer Software/Services 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Construction/Engineering/Architectural 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Education 1 -- -- -- -- 1 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --

Energy 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Entertainment & Media 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Finance/Banking 4 -- -- -- -- 3 -- -- -- -- 4 -- -- 4 -- -- -- -- -- --

Government 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Healthcare 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --

Hospitality 3 -- -- -- -- 3 -- -- -- -- 3 -- -- 3 -- -- -- -- -- --

Insurance 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Mfg - Durable (includes Aerospace,

Computer/Office Equipment, Electronics)1 -- -- -- -- 0 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --

Mfg - Nondurable (includes Food, Paper & Allied

Products)2 -- -- -- -- 2 -- -- -- -- 1 -- -- 2 -- -- -- -- -- --

Mining/Milling/Smelting 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --

Not-for-Profit 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Real Estate 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --

Research & Development 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Retail 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --

Service 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Telecommunications 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --

Transportation 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Utilities 3 -- -- -- -- 2 -- -- -- -- 1 -- -- 3 -- -- -- -- -- --

Wholesale Distribution 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Other 2 -- -- -- -- 2 -- -- -- -- 1 -- -- 2 -- -- -- -- -- --

Regions (defined in Section I - 15)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

North East Region 6 $136.8 -- $147.9 -- 6 $32.0 -- $26.0 -- 4 -- -- 6 $168.8 -- $169.0 -- 15.7 15.0

Mid Atlantic Region 3 -- -- -- -- 3 -- -- -- -- 3 -- -- 3 -- -- -- -- -- --

South East Region 3 -- -- -- -- 1 -- -- -- -- 2 -- -- 3 -- -- -- -- -- --

Mississippi Valley Region 3 -- -- -- -- 3 -- -- -- -- 2 -- -- 3 -- -- -- -- -- --

Mountain Region 4 -- -- -- -- 3 -- -- -- -- 4 -- -- 4 -- -- -- -- -- --

Western Region 3 -- -- -- -- 3 -- -- -- -- 1 -- -- 3 -- -- -- -- -- --

Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt

© 2013 Risk and Insurance Management Society, Inc. (RIMS) V - 6 US Data

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2013 Risk Management Compensation Survey

Director - Business Continuity/Financial/IT Risk ManagementCombination of data from the Director - Business Continuity Management, Director - Financial Risk Management (Commodity, Credit, Interest Rates, and/or Foreign Currency), & Director - IT Risk Management positions.

See pages 9 though 14 in Section I of this report for a detailed job description of all positions.

Cash Compensation (All dollar amounts are displayed in USD $000s)

Scope

State

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Cash Compensation (All dollar amounts are displayed in USD $000s)

Scope

Metro Area

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

No Breakdowns Available - Insufficient Sample Size

Yrs. In Risk MgmtTotal Cash CompensationTarget BonusBonus AmountBase Salary

No Breakdowns Available - Insufficient Sample Size

Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt

© 2013 Risk and Insurance Management Society, Inc. (RIMS) V - 7 US Data

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2013 Risk Management Compensation Survey

Director - Business Continuity/Financial/IT Risk ManagementCombination of data from the Director - Business Continuity Management, Director - Financial Risk Management (Commodity, Credit, Interest Rates, and/or Foreign Currency), & Director - IT Risk Management positions.

See pages 9 though 14 in Section I of this report for a detailed job description of all positions.Respondent Characteristics

Male 72.7% Yes 36.4%

Female 27.3% No 63.6%

Did Not Indicate 0.0% Did Not Indicate 0.0%

High School/Associate Degree 0.0% Incentive Stock Options (ISOs) 0.0%

Bachelors 27.3% Non-Qualified Stock Options (NQSOs) 0.0%

MA/MS 22.7% Restricted Stock 0.0%

MBA 50.0% Stock Appreciation Rights (SARs) 0.0%

JD 0.0% Performance Shares 0.0%

MD 0.0% Performance Units 0.0%

Ph.D 0.0% Long-Term Cash 0.0%

Other 0.0% None of the Above Received 0.0%

* Only includes those eligible for LTI

Parent 77.3% Yes 86.4%

Division 4.5% No 13.6%

Subsidiary 4.5%

Single Location 13.6%

Other 0.0%

Long-Term Incentive Eligible

Degree Type of Long-term Incentives Received*

Type of Organization Where Employed Supervise Individuals

Gender

© 2013 Risk and Insurance Management Society, Inc. (RIMS) V - 8 US Data

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2013 Risk Management Compensation Survey

Director - Enterprise Risk Management (ERM)/Strategic Risk Management / Risk Intelligence

Cash Compensation (All dollar amounts are displayed in USD $000s)

Scope

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

All Respondents 123 $135.3 $112.7 $130.0 $157.2 82 $25.1 $9.0 $20.0 $33.0 59 19.0% 20.0% 123 $152.0 $120.0 $135.0 $180.0 14.5 13.0

Ownership Type

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Publicly Traded 50 $150.4 $120.0 $147.5 $171.7 41 $30.0 $14.0 $28.0 $35.0 32 22.0% 20.0% 50 $175.0 $133.0 $166.5 $205.0 15.2 13.0

Private 31 $128.5 $106.0 $120.0 $150.0 23 $17.3 $7.0 $12.0 $24.0 16 19.0% 15.0% 31 $141.3 $110.0 $127.0 $163.0 15.0 12.0

Government 21 $110.1 $90.0 $112.0 $120.0 3 -- -- -- -- 1 -- -- 21 $110.4 $90.0 $113.6 $120.0 15.3 13.0

Not-for-Profit 19 $136.3 $120.0 $132.0 $154.0 13 $29.3 $9.6 $20.0 $30.0 8 14.0% 12.0% 19 $156.4 $131.1 $143.0 $178.0 12.4 10.0

Other 2 -- -- -- -- 2 -- -- -- -- 2 -- -- 2 -- -- -- -- -- --

Revenue

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Less than $100 Million 10 $118.6 $105.0 $111.3 $123.5 5 $22.1 -- $17.0 -- 4 -- -- 10 $129.6 $105.0 $115.0 $129.7 16.7 15.0

$100 - $250 Million 6 $127.7 -- $120.5 -- 3 -- -- -- -- 2 -- -- 6 $138.3 -- $126.0 -- 11.3 8.5

$250 - $500 Million 12 $118.5 $104.0 $117.5 $128.0 9 $14.5 -- $8.0 -- 6 15.0% 13.0% 12 $129.3 $113.0 $121.0 $130.0 17.9 15.5

$500 Million - $1 Billion 16 $131.8 $105.5 $125.5 $157.5 6 $37.0 -- $10.0 -- 2 -- -- 16 $145.7 $108.5 $136.8 $162.5 13.0 11.0

$1 - $5 Billion 46 $139.9 $120.0 $132.5 $156.0 36 $21.3 $10.0 $20.0 $30.0 30 20.0% 20.0% 46 $156.5 $128.5 $155.5 $175.0 15.1 13.0

$5 - $10 Billion 9 $150.2 -- $157.2 -- 5 $39.0 -- $31.5 -- 6 23.0% 23.0% 9 $171.8 -- $185.0 -- 13.3 10.0

Greater than $10 Billion 13 $161.7 $145.0 $167.0 $180.0 12 $41.0 $26.1 $36.8 $63.9 6 21.0% 20.0% 13 $199.5 $155.0 $202.5 $250.0 14.5 12.0

Degree

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

High School/Associate Degree 3 -- -- -- -- 2 -- -- -- -- 2 -- -- 3 -- -- -- -- -- --

Bachelors 50 $134.7 $115.0 $127.5 $155.0 37 $22.4 $9.0 $19.0 $30.0 29 20.0% 20.0% 50 $151.2 $120.1 $143.0 $167.0 13.8 12.5

MA/MS 18 $129.8 $112.7 $120.0 $132.0 10 $21.2 $9.0 $17.0 $25.0 7 18.0% 20.0% 18 $141.6 $120.0 $131.6 $144.0 15.6 16.5

MBA 37 $140.4 $114.0 $135.0 $162.0 24 $25.9 $9.0 $16.0 $40.3 18 17.0% 15.0% 37 $157.2 $120.0 $135.0 $202.0 14.4 12.0

JD 9 $135.6 -- $130.0 -- 4 -- -- -- -- 1 -- -- 9 $157.6 -- $150.0 -- 12.6 8.0

Ph.D 1 -- -- -- -- 1 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --

Supervisory Responsibility

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

No 25 $123.9 $100.0 $120.0 $144.5 16 $16.8 $8.5 $12.0 $29.0 10 17.0% 18.0% 25 $134.6 $107.6 $129.0 $163.0 11.2 9.0

1 or Fewer 18 $135.1 $112.7 $127.5 $155.0 12 $18.1 $8.2 $15.5 $27.5 11 18.0% 15.0% 18 $147.1 $120.0 $134.1 $162.0 15.9 12.5

From 1 to 3 31 $140.4 $120.0 $135.0 $161.2 21 $32.4 $6.0 $30.0 $45.0 16 20.0% 19.0% 31 $162.3 $121.0 $155.0 $200.0 13.6 12.0

From 3 to 5 21 $148.4 $120.0 $135.0 $160.0 16 $33.1 $16.0 $25.0 $47.1 11 22.0% 25.0% 21 $173.6 $121.0 $166.0 $202.5 18.4 15.0

More than 5 15 $135.7 $112.0 $130.0 $159.0 9 $21.1 -- $24.0 -- 6 23.0% 20.0% 15 $148.3 $113.6 $143.0 $189.0 18.6 20.0

Combination of data from the Director - Enterprise Risk Management (ERM) & Director - Strategic Risk Management / Risk Intelligence positions.

See pages 9 though 14 in Section I of this report for a detailed job description of all positions.

Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt

© 2013 Risk and Insurance Management Society, Inc. (RIMS) V - 9 US Data

Page 102: 2013 Risk Management Compensation Survey - RIMS

2013 Risk Management Compensation Survey

Director - Enterprise Risk Management (ERM)/Strategic Risk Management / Risk IntelligenceCombination of data from the Director - Enterprise Risk Management (ERM) & Director - Strategic Risk Management / Risk Intelligence positions.

See pages 9 though 14 in Section I of this report for a detailed job description of all positions.

Cash Compensation (All dollar amounts are displayed in USD $000s)

Scope

Industry

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Agriculture 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Business/Info

Services/Consulting/Legal/Accounting1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --

Chemical/Pharmaceutical/Biotechnology 6 $144.7 -- $146.0 -- 5 $26.4 -- $30.0 -- 6 22.0% 20.0% 6 $166.7 -- $166.5 -- 12.0 13.0

Computer Software/Services 4 -- -- -- -- 3 -- -- -- -- 1 -- -- 4 -- -- -- -- -- --

Construction/Engineering/Architectural 2 -- -- -- -- 0 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --

Education 4 -- -- -- -- 0 -- -- -- -- 0 -- -- 4 -- -- -- -- -- --

Energy 5 $123.4 -- $112.0 -- 5 $8.8 -- $9.0 -- 2 -- -- 5 $132.2 -- $115.5 -- 11.8 10.0

Entertainment & Media 2 -- -- -- -- 2 -- -- -- -- 2 -- -- 2 -- -- -- -- -- --

Finance/Banking 10 $148.4 $120.0 $122.3 $180.0 7 $33.4 -- $30.0 -- 3 -- -- 10 $171.8 $123.5 $141.5 $246.0 9.2 6.0

Government 9 $110.8 -- $110.0 -- 1 -- -- -- -- 0 -- -- 9 $111.3 -- $115.0 -- 16.6 15.0

Healthcare 8 $138.3 -- $133.5 -- 4 -- -- -- -- 2 -- -- 8 $162.0 -- $139.0 -- 17.5 17.5

Hospitality 3 -- -- -- -- 3 -- -- -- -- 2 -- -- 3 -- -- -- -- -- --

Insurance 15 $121.0 $106.0 $120.0 $135.0 10 $16.7 $8.4 $16.0 $26.0 10 16.0% 16.0% 15 $132.1 $106.0 $129.6 $165.0 10.1 5.0

Mfg - Durable (includes Aerospace,

Computer/Office Equipment, Electronics)14 $142.4 $106.0 $146.5 $160.0 11 $23.6 $10.0 $17.0 $40.5 7 19.0% 20.0% 14 $160.9 $133.0 $158.5 $200.0 18.3 17.5

Mfg - Nondurable (includes Food, Paper & Allied

Products)5 $124.0 -- $118.0 -- 5 $14.0 -- $12.0 -- 2 -- -- 5 $138.0 -- $127.0 -- 19.2 23.0

Mining/Milling/Smelting 2 -- -- -- -- 2 -- -- -- -- 2 -- -- 2 -- -- -- -- -- --

Not-for-Profit 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Real Estate 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --

Research & Development 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Retail 6 $139.5 -- $138.5 -- 5 $17.1 -- $10.0 -- 5 19.0% 20.0% 6 $153.8 -- $147.3 -- 13.7 14.0

Service 3 -- -- -- -- 1 -- -- -- -- 0 -- -- 3 -- -- -- -- -- --

Telecommunications 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --

Transportation 6 $142.5 -- $156.3 -- 4 -- -- -- -- 3 -- -- 6 $176.7 -- $176.3 -- 17.3 19.5

Utilities 9 $130.3 -- $120.0 -- 6 $13.7 -- $9.5 -- 5 12.0% 12.0% 9 $139.4 -- $129.0 -- 10.6 9.0

Wholesale Distribution 4 -- -- -- -- 3 -- -- -- -- 3 -- -- 4 -- -- -- -- -- --

Other 3 -- -- -- -- 2 -- -- -- -- 1 -- -- 3 -- -- -- -- -- --

Regions (defined in Section I - 15)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

North East Region 19 $140.9 $120.0 $130.0 $167.0 13 $19.5 $9.0 $20.0 $30.0 13 15.0% 15.0% 19 $154.2 $125.0 $132.0 $192.7 9.2 7.0

Mid Atlantic Region 10 $140.9 $110.0 $125.0 $180.0 6 $39.9 -- $43.5 -- 2 -- -- 10 $164.9 $119.0 $126.3 $243.0 15.9 11.5

South East Region 13 $126.8 $93.0 $120.0 $128.0 6 $17.2 -- $18.5 -- 4 -- -- 13 $134.8 $101.4 $120.0 $140.0 15.1 10.0

Mississippi Valley Region 24 $132.3 $108.5 $126.8 $155.5 19 $25.7 $10.0 $25.0 $35.0 14 23.0% 20.0% 24 $152.7 $121.8 $142.1 $179.0 11.8 10.0

Mountain Region 17 $130.7 $114.0 $130.0 $155.0 12 $16.7 $8.0 $11.0 $21.5 5 11.0% 10.0% 17 $142.5 $123.0 $135.0 $163.0 16.5 15.0

Western Region 40 $137.7 $112.3 $132.5 $153.6 26 $29.7 $10.0 $22.0 $40.0 21 22.0% 20.0% 40 $157.0 $117.3 $149.8 $194.0 17.3 20.0

Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt

© 2013 Risk and Insurance Management Society, Inc. (RIMS) V - 10 US Data

Page 103: 2013 Risk Management Compensation Survey - RIMS

2013 Risk Management Compensation Survey

Director - Enterprise Risk Management (ERM)/Strategic Risk Management / Risk IntelligenceCombination of data from the Director - Enterprise Risk Management (ERM) & Director - Strategic Risk Management / Risk Intelligence positions.

See pages 9 though 14 in Section I of this report for a detailed job description of all positions.

Cash Compensation (All dollar amounts are displayed in USD $000s)

Scope

State

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

CA 18 $148.6 $120.0 $146.3 $171.7 13 $27.1 $10.0 $19.0 $30.0 11 25.0% 25.0% 18 $168.2 $129.7 $157.5 $210.0 20.7 22.0

FL 5 $150.0 -- $120.0 -- 2 -- -- -- -- 1 -- -- 5 $159.4 -- $120.0 -- 18.4 15.0

NY 8 $140.5 -- $120.0 -- 6 $19.3 -- $21.0 -- 5 17.0% 17.0% 8 $155.0 -- $130.3 -- 8.0 6.0

OH 7 $133.9 -- $130.0 -- 5 $23.0 -- $14.1 -- 6 28.0% 20.0% 7 $150.3 -- $130.0 -- 12.9 14.0

TX 10 $129.6 $114.0 $125.0 $154.0 7 $18.4 -- $10.0 -- 2 -- -- 10 $142.5 $123.0 $133.5 $160.0 14.6 11.5

WA 13 $125.8 $106.0 $125.0 $135.0 7 $27.2 -- $26.0 -- 6 19.0% 20.0% 13 $140.4 $107.6 $135.0 $156.0 13.4 14.0

Cash Compensation (All dollar amounts are displayed in USD $000s)

Scope

Metro Area

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

New York-Northern New Jersey-Long Island, NY-

NJ-CT-PA12 $146.3 $120.0 $138.5 $174.5 8 $23.1 -- $30.0 -- 8 16.0% 18.0% 12 $161.7 $128.8 $153.5 $199.5 9.5 9.5

San Diego, CA 5 $141.7 -- $147.0 -- 5 $33.3 -- $20.0 -- 5 27.0% 25.0% 5 $175.0 -- $166.0 -- 18.8 13.0

San Francisco-Oakland-San Jose, CA 8 $158.2 -- $146.8 -- 5 $24.4 -- $14.0 -- 3 -- -- 8 $173.4 -- $158.5 -- 24.4 25.0

Seattle-Tacoma-Bremerton, WA 9 $131.8 -- $130.0 -- 5 $31.9 -- $30.0 -- 4 -- -- 9 $149.5 -- $135.0 -- 12.4 7.5

Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt

Target Bonus Total Cash Compensation Yrs. In Risk MgmtBase Salary Bonus Amount

© 2013 Risk and Insurance Management Society, Inc. (RIMS) V - 11 US Data

Page 104: 2013 Risk Management Compensation Survey - RIMS

2013 Risk Management Compensation Survey

Director - Enterprise Risk Management (ERM)/Strategic Risk Management / Risk IntelligenceCombination of data from the Director - Enterprise Risk Management (ERM) & Director - Strategic Risk Management / Risk Intelligence positions.

See pages 9 though 14 in Section I of this report for a detailed job description of all positions.Respondent Characteristics

Male 59.3% Yes 35.0%

Female 39.8% No 65.0%

Did Not Indicate 0.8% Did Not Indicate 0.0%

High School/Associate Degree 2.4% Incentive Stock Options (ISOs) 30.2%

Bachelors 40.7% Non-Qualified Stock Options (NQSOs) 11.6%

MA/MS 14.6% Restricted Stock 46.5%

MBA 30.1% Stock Appreciation Rights (SARs) 2.3%

JD 7.3% Performance Shares 20.9%

MD 0.0% Performance Units 2.3%

Ph.D 0.8% Long-Term Cash 4.7%

Other 4.1% None of the Above Received 9.3%

* Only includes those eligible for LTI

Parent 69.9% Yes 79.7%

Division 8.9% No 20.3%

Subsidiary 5.7%

Single Location 8.1%

Other 7.3%

Gender Long-Term Incentive Eligible

Degree Type of Long-term Incentives Received*

Type of Organization Where Employed Supervise Individuals

© 2013 Risk and Insurance Management Society, Inc. (RIMS) V - 12 US Data

Page 105: 2013 Risk Management Compensation Survey - RIMS

2013 Risk Management Compensation Survey

Director - Insurance and Risk Management

Cash Compensation (All dollar amounts are displayed in USD $000s)

Scope

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

All Respondents 770 $133.4 $105.0 $129.0 $154.0 493 $33.2 $13.0 $25.0 $44.5 348 23.0% 20.0% 770 $154.6 $111.0 $142.9 $184.0 20.0 20.0

Ownership Type

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Publicly Traded 346 $148.2 $120.0 $145.0 $171.0 284 $39.6 $20.0 $32.0 $50.0 223 25.0% 25.0% 346 $180.7 $138.0 $170.0 $210.0 20.1 20.0

Private 229 $128.4 $105.0 $124.0 $145.0 160 $27.0 $10.0 $19.0 $33.8 100 22.0% 20.0% 229 $147.3 $113.0 $138.0 $165.0 18.8 20.0

Government 101 $106.5 $94.0 $103.0 $120.0 9 $15.7 -- $4.0 -- 2 -- -- 101 $107.9 $94.0 $103.0 $122.0 22.5 22.5

Not-for-Profit 77 $122.8 $98.0 $119.2 $145.0 30 $14.3 $3.8 $13.3 $19.7 18 11.0% 10.0% 77 $128.3 $101.9 $122.8 $150.0 20.1 20.0

Other 17 $105.4 $88.0 $102.0 $120.0 10 $21.2 $4.5 $27.2 $33.0 5 23.0% 30.0% 17 $117.9 $97.0 $119.0 $137.0 19.4 18.0

Revenue

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Less than $100 Million 51 $105.5 $90.0 $102.0 $118.0 17 $12.2 $5.0 $7.5 $15.0 12 14.0% 15.0% 51 $109.6 $94.0 $105.0 $130.0 19.1 20.0

$100 - $250 Million 53 $112.5 $89.0 $105.0 $125.0 25 $17.6 $9.0 $10.1 $20.0 12 18.0% 16.0% 53 $120.8 $89.0 $113.0 $140.0 18.3 20.0

$250 - $500 Million 71 $116.1 $95.0 $107.4 $132.0 36 $29.1 $9.5 $19.5 $33.5 23 20.0% 20.0% 71 $130.9 $96.0 $116.0 $149.7 19.3 20.0

$500 Million - $1 Billion 103 $119.1 $100.0 $115.0 $130.0 53 $25.5 $10.0 $16.0 $30.0 40 16.0% 15.0% 103 $132.2 $103.0 $123.1 $150.0 19.6 20.0

$1 - $5 Billion 225 $134.1 $115.0 $131.0 $151.3 160 $29.6 $15.0 $23.3 $37.3 109 24.0% 20.0% 225 $155.1 $124.0 $150.0 $175.0 20.8 21.0

$5 - $10 Billion 92 $147.4 $129.0 $145.3 $170.5 74 $34.5 $16.0 $29.0 $48.0 60 26.0% 20.0% 92 $175.2 $140.0 $162.5 $205.5 21.1 21.8

Greater than $10 Billion 143 $165.7 $132.7 $157.0 $190.0 116 $49.8 $25.0 $43.0 $62.0 86 28.0% 25.0% 143 $206.1 $155.0 $196.0 $231.3 20.7 20.0

Degree

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

High School/Associate Degree 46 $122.3 $94.0 $111.5 $147.0 27 $32.4 $10.0 $20.0 $43.0 19 28.0% 25.0% 46 $141.3 $94.0 $131.4 $168.0 21.7 22.0

Bachelors 372 $133.1 $105.5 $130.0 $150.0 242 $32.4 $13.0 $25.0 $42.0 169 24.0% 20.0% 372 $154.2 $113.3 $144.5 $180.0 20.5 20.0

MA/MS 66 $118.8 $101.0 $116.7 $134.0 33 $25.2 $10.0 $20.0 $40.0 18 25.0% 22.0% 66 $131.4 $107.4 $123.0 $151.6 20.4 21.0

MBA 204 $141.2 $111.5 $135.0 $163.2 151 $37.2 $15.0 $30.0 $48.0 111 23.0% 20.0% 204 $168.7 $121.3 $155.0 $203.0 19.5 20.0

JD 50 $140.7 $105.0 $133.5 $170.0 23 $31.9 $8.0 $22.0 $39.0 20 20.0% 20.0% 50 $155.4 $112.8 $140.5 $178.0 16.7 15.5

Ph.D 3 -- -- -- -- 2 -- -- -- -- 1 -- -- 3 -- -- -- -- -- --

Supervisory Responsibility

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

No 135 $119.7 $100.0 $115.0 $140.0 87 $24.1 $7.8 $20.0 $36.0 55 20.0% 18.0% 135 $135.2 $105.0 $126.0 $155.0 18.7 20.0

1 or Fewer 110 $127.6 $100.0 $121.7 $145.0 79 $33.4 $14.8 $25.0 $43.0 56 23.0% 20.0% 110 $151.6 $105.0 $138.0 $175.0 18.5 18.5

From 1 to 3 230 $135.1 $110.0 $131.0 $157.0 144 $32.4 $14.5 $26.9 $44.1 107 25.0% 20.0% 230 $155.4 $116.0 $148.5 $185.0 20.5 20.0

From 3 to 5 132 $143.7 $114.0 $134.2 $161.0 86 $35.8 $12.5 $25.0 $47.6 60 25.0% 20.0% 132 $167.1 $121.4 $149.7 $204.3 21.0 21.5

More than 5 105 $138.7 $105.0 $131.0 $165.0 61 $41.5 $16.0 $30.0 $45.0 42 24.0% 25.0% 105 $162.8 $112.8 $150.0 $197.0 20.3 20.0

Description of Responsibilities: This is a senior insurance and risk management position in an organization, with authority to make decisions on risk management issues affecting the organization. This person is usually not the CEO, CFO or COO

unless they spend more than 50% of their time directly involved in, and accountable for, risk management activities/issues affecting the organization. Accountable for protecting the achievement of organizational objectives, ensuring effective

hazard (typically insurable risks) risk management for the organization and supervising, leading and/or directing key internal risk stakeholders. This person typically is responsible for the process of identifying, measuring and managing

insurable or hazard risks, developing reports and plans, and analyzing risk/insurance problems and defining and/or overseeing the implementation of the risk solutions that help avoid, transfer or mitigate risks in order to optimize operations.

Position level/ Reporting Structure: Reports findings on risk exposures to senior executives and/or the organization's board of directors, and implements strategies to manage insurable and/or hazard risks. Operationally reports to the Chief

Financial Officer, Chief Risk Officer, or other corporate level officer designee.

Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt

© 2013 Risk and Insurance Management Society, Inc. (RIMS) V - 13 US Data

Page 106: 2013 Risk Management Compensation Survey - RIMS

2013 Risk Management Compensation Survey

Director - Insurance and Risk ManagementDescription of Responsibilities: This is a senior insurance and risk management position in an organization, with authority to make decisions on risk management issues affecting the organization. This person is usually not the CEO, CFO or COO

unless they spend more than 50% of their time directly involved in, and accountable for, risk management activities/issues affecting the organization. Accountable for protecting the achievement of organizational objectives, ensuring effective

hazard (typically insurable risks) risk management for the organization and supervising, leading and/or directing key internal risk stakeholders. This person typically is responsible for the process of identifying, measuring and managing

insurable or hazard risks, developing reports and plans, and analyzing risk/insurance problems and defining and/or overseeing the implementation of the risk solutions that help avoid, transfer or mitigate risks in order to optimize operations.

Position level/ Reporting Structure: Reports findings on risk exposures to senior executives and/or the organization's board of directors, and implements strategies to manage insurable and/or hazard risks. Operationally reports to the Chief

Financial Officer, Chief Risk Officer, or other corporate level officer designee.

Cash Compensation (All dollar amounts are displayed in USD $000s)

Scope

Industry

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Agriculture 11 $135.5 $91.0 $121.0 $175.0 8 $39.4 -- $28.7 -- 5 20.0% 20.0% 11 $164.2 $114.8 $144.0 $206.0 21.4 19.0

Business/Info

Services/Consulting/Legal/Accounting7 $164.8 -- $165.0 -- 6 $49.2 -- $35.5 -- 3 -- -- 7 $207.0 -- $197.1 -- 17.6 16.0

Chemical/Pharmaceutical/Biotechnology 34 $143.8 $120.0 $138.0 $168.0 29 $38.7 $24.0 $33.8 $45.0 24 27.0% 24.0% 34 $176.7 $137.0 $165.5 $210.0 19.4 18.5

Computer Software/Services 8 $143.9 -- $146.5 -- 6 $27.5 -- $23.5 -- 4 -- -- 8 $164.5 -- $157.0 -- 18.6 20.0

Construction/Engineering/Architectural 30 $133.6 $105.0 $125.5 $135.0 21 $21.7 $8.3 $10.0 $20.0 11 23.0% 25.0% 30 $148.8 $107.5 $133.3 $160.0 19.6 20.0

Education 51 $115.9 $97.7 $118.0 $126.4 6 $6.0 -- $4.3 -- 1 -- -- 51 $116.6 $97.7 $119.0 $128.0 22.6 24.0

Energy 38 $152.7 $125.0 $150.0 $175.0 29 $49.2 $25.0 $45.0 $75.0 17 26.0% 30.0% 38 $190.2 $132.0 $195.5 $225.0 21.0 21.8

Entertainment & Media 15 $151.8 $110.0 $140.0 $180.0 13 $40.5 $20.0 $28.0 $50.0 7 24.0% 20.0% 15 $186.9 $116.0 $166.6 $230.0 19.9 18.0

Finance/Banking 32 $150.0 $109.5 $134.2 $172.5 29 $42.6 $20.0 $31.0 $55.0 15 24.0% 20.0% 32 $188.6 $132.5 $167.7 $224.1 20.3 22.0

Government 67 $103.5 $87.0 $100.0 $116.0 6 $19.6 -- $2.3 -- 0 -- -- 67 $105.2 $87.0 $100.0 $117.5 22.3 22.0

Healthcare 42 $132.3 $104.0 $125.5 $151.0 30 $21.0 $8.8 $16.3 $26.0 19 13.0% 10.0% 42 $147.3 $113.5 $130.0 $179.3 18.7 19.5

Hospitality 22 $122.6 $100.0 $117.4 $140.0 18 $23.3 $10.0 $18.5 $28.0 14 23.0% 20.0% 22 $141.6 $110.0 $133.5 $155.0 17.1 15.5

Insurance 24 $128.7 $99.0 $134.5 $137.5 14 $34.3 $12.5 $20.0 $35.0 8 17.0% 16.0% 24 $148.7 $102.5 $137.9 $168.3 18.1 19.0

Mfg - Durable (includes Aerospace,

Computer/Office Equipment, Electronics)68 $146.0 $119.0 $145.0 $170.5 52 $36.0 $17.5 $34.5 $46.3 38 25.0% 25.0% 68 $173.6 $136.2 $170.0 $207.0 21.0 22.5

Mfg - Nondurable (includes Food, Paper & Allied

Products)50 $144.4 $118.0 $140.0 $165.0 40 $38.8 $18.0 $26.4 $56.5 36 27.0% 25.0% 50 $175.4 $133.0 $161.7 $204.8 18.9 18.5

Mining/Milling/Smelting 6 $165.7 -- $167.0 -- 5 $43.2 -- $37.5 -- 5 32.0% 30.0% 6 $201.7 -- $190.0 -- 21.0 22.0

Not-for-Profit 14 $113.4 $82.0 $102.5 $138.0 3 -- -- -- -- 2 -- -- 14 $114.8 $85.0 $102.5 $150.0 19.2 18.0

Real Estate 40 $138.1 $116.0 $131.4 $160.0 29 $26.6 $15.0 $21.0 $31.5 19 20.0% 20.0% 40 $157.3 $129.0 $150.0 $176.0 18.3 19.0

Research & Development 2 -- -- -- -- 0 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --

Retail 48 $136.1 $117.0 $133.0 $150.0 35 $31.0 $15.0 $25.0 $49.6 36 25.0% 20.0% 48 $158.7 $127.5 $152.5 $180.0 20.5 21.0

Service 15 $120.2 $93.0 $110.0 $145.0 10 $17.0 $10.0 $14.6 $25.0 7 24.0% 15.0% 15 $131.5 $96.0 $111.0 $175.0 20.1 20.0

Telecommunications 15 $139.7 $116.0 $143.2 $164.4 12 $23.3 $7.5 $22.5 $31.0 10 19.0% 20.0% 15 $158.4 $131.0 $151.5 $175.5 17.2 17.0

Transportation 34 $115.5 $96.0 $110.5 $133.0 21 $31.3 $9.0 $20.0 $41.2 16 20.0% 19.0% 34 $134.8 $100.0 $123.0 $156.2 16.7 18.0

Utilities 29 $137.9 $105.0 $133.5 $168.0 19 $43.6 $17.0 $35.0 $54.0 18 30.0% 20.0% 29 $166.4 $105.0 $151.0 $193.0 20.7 22.0

Wholesale Distribution 13 $134.6 $110.0 $130.0 $155.0 10 $28.9 $20.9 $31.3 $40.0 8 25.0% 27.0% 13 $156.8 $133.0 $151.0 $163.0 25.8 25.0

Other 55 $133.8 $105.0 $123.0 $150.0 42 $33.2 $10.0 $22.7 $45.0 25 21.0% 15.0% 55 $159.1 $110.0 $143.0 $191.3 19.9 20.0

Regions (defined in Section I - 15)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

North East Region 141 $154.5 $124.0 $145.0 $180.0 102 $40.8 $19.0 $30.0 $52.0 69 26.0% 22.0% 141 $184.0 $137.7 $173.6 $210.0 20.4 20.0

Mid Atlantic Region 91 $132.0 $113.0 $130.0 $148.0 59 $29.6 $8.5 $24.0 $45.0 38 22.0% 20.0% 91 $151.3 $117.0 $147.2 $170.0 21.3 22.0

South East Region 119 $123.2 $97.0 $116.0 $145.0 68 $33.1 $11.3 $24.5 $40.0 45 24.0% 20.0% 119 $142.1 $100.0 $132.0 $171.0 20.5 20.0

Mississippi Valley Region 161 $130.0 $105.0 $125.0 $145.0 111 $30.5 $12.5 $25.0 $41.2 90 24.0% 20.0% 161 $151.0 $113.0 $142.0 $175.1 19.8 20.0

Mountain Region 135 $126.4 $97.7 $120.0 $150.0 85 $35.1 $12.0 $25.0 $45.0 56 20.0% 20.0% 135 $148.5 $103.0 $128.0 $175.0 19.9 20.0

Western Region 123 $132.1 $100.0 $129.1 $160.0 68 $26.8 $10.0 $20.0 $37.0 50 23.0% 20.0% 123 $146.9 $105.0 $135.0 $170.0 18.7 18.0

Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt

© 2013 Risk and Insurance Management Society, Inc. (RIMS) V - 14 US Data

Page 107: 2013 Risk Management Compensation Survey - RIMS

2013 Risk Management Compensation Survey

Director - Insurance and Risk ManagementDescription of Responsibilities: This is a senior insurance and risk management position in an organization, with authority to make decisions on risk management issues affecting the organization. This person is usually not the CEO, CFO or COO

unless they spend more than 50% of their time directly involved in, and accountable for, risk management activities/issues affecting the organization. Accountable for protecting the achievement of organizational objectives, ensuring effective

hazard (typically insurable risks) risk management for the organization and supervising, leading and/or directing key internal risk stakeholders. This person typically is responsible for the process of identifying, measuring and managing

insurable or hazard risks, developing reports and plans, and analyzing risk/insurance problems and defining and/or overseeing the implementation of the risk solutions that help avoid, transfer or mitigate risks in order to optimize operations.

Position level/ Reporting Structure: Reports findings on risk exposures to senior executives and/or the organization's board of directors, and implements strategies to manage insurable and/or hazard risks. Operationally reports to the Chief

Financial Officer, Chief Risk Officer, or other corporate level officer designee.

Cash Compensation (All dollar amounts are displayed in USD $000s)

Scope

State

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

AL 10 $126.5 $106.0 $121.5 $132.0 6 $19.4 -- $18.0 -- 3 -- -- 10 $138.2 $118.0 $129.2 $145.0 21.1 21.5

AZ 12 $124.8 $107.5 $127.5 $142.2 7 $28.7 -- $17.0 -- 6 25.0% 20.0% 12 $141.6 $109.3 $141.5 $157.5 19.8 17.0

CA 72 $143.5 $114.5 $136.7 $164.0 39 $32.6 $15.0 $27.2 $47.0 27 22.0% 25.0% 72 $161.2 $119.5 $153.2 $201.0 18.9 20.0

CO 32 $111.1 $94.5 $104.6 $124.0 15 $21.5 $12.0 $15.0 $33.0 14 17.0% 17.0% 32 $121.2 $96.3 $114.1 $132.0 19.4 20.0

CT 25 $158.4 $120.0 $151.0 $176.4 21 $37.2 $20.0 $30.0 $47.6 15 29.0% 25.0% 25 $189.7 $142.7 $170.0 $210.0 24.6 25.0

FL 51 $119.6 $97.0 $113.0 $133.0 24 $26.4 $14.3 $22.2 $33.8 19 24.0% 20.0% 51 $132.0 $98.0 $116.0 $164.0 21.5 22.0

GA 19 $143.1 $95.0 $146.4 $177.0 13 $67.8 $40.0 $55.2 $67.0 10 31.0% 30.0% 19 $189.4 $122.0 $182.0 $245.0 22.4 23.0

IA 5 $124.6 -- $122.0 -- 4 -- -- -- -- 3 -- -- 5 $135.8 -- $137.0 -- 16.6 15.0

IL 54 $141.7 $113.0 $141.5 $164.4 36 $37.0 $14.5 $28.0 $55.8 31 24.0% 25.0% 54 $166.4 $122.5 $151.5 $204.0 20.4 20.0

IN 7 $105.4 -- $105.0 -- 2 -- -- -- -- 2 -- -- 7 $108.4 -- $107.5 -- 17.8 15.0

KY 5 $109.4 -- $116.0 -- 2 -- -- -- -- 0 -- -- 5 $115.0 -- $116.9 -- 25.2 25.0

LA 6 $116.8 -- $116.5 -- 3 -- -- -- -- 0 -- -- 6 $124.8 -- $124.3 -- 18.3 20.0

MA 16 $126.9 $112.5 $122.5 $140.5 9 $24.8 -- $20.0 -- 7 20.0% 20.0% 16 $140.8 $115.0 $133.7 $159.9 16.1 16.0

MI 11 $151.4 $112.0 $145.0 $182.0 8 $43.9 -- $33.5 -- 7 39.0% 40.0% 11 $183.4 $137.0 $188.0 $200.0 23.5 23.0

MN 16 $133.9 $116.0 $131.0 $147.5 14 $26.4 $11.5 $27.5 $35.0 10 25.0% 25.0% 16 $157.0 $130.3 $146.5 $180.0 22.1 23.0

MO 14 $113.1 $90.0 $109.5 $126.0 8 $21.9 -- $19.5 -- 8 22.0% 20.0% 14 $125.6 $108.0 $119.5 $140.0 21.2 22.0

NC 19 $130.8 $120.0 $126.0 $135.0 13 $19.5 $8.5 $15.0 $30.0 7 25.0% 16.0% 19 $144.2 $125.0 $145.0 $168.8 23.2 23.0

NJ 37 $149.2 $135.0 $145.0 $172.0 29 $40.1 $20.0 $30.0 $50.0 23 28.0% 25.0% 37 $180.7 $149.0 $175.0 $197.1 19.2 17.0

NV 6 $109.9 -- $112.5 -- 4 -- -- -- -- 4 -- -- 6 $122.5 -- $117.5 -- 10.7 11.5

NY 57 $163.5 $130.0 $155.0 $200.0 38 $45.5 $19.0 $31.0 $60.0 20 24.0% 23.0% 57 $193.8 $138.0 $184.0 $225.0 20.1 20.0

OH 29 $123.6 $110.0 $123.4 $135.9 21 $32.4 $17.0 $31.0 $48.0 15 18.0% 20.0% 29 $147.1 $130.0 $140.0 $166.6 18.1 19.0

OR 15 $107.1 $94.5 $100.0 $125.6 9 $12.3 -- $10.0 -- 5 15.0% 13.0% 15 $114.5 $98.0 $105.0 $135.0 17.8 18.0

PA 32 $138.0 $119.5 $135.8 $150.0 22 $37.9 $24.0 $34.5 $48.0 16 22.0% 20.0% 32 $164.1 $126.5 $161.5 $190.0 19.9 20.0

RI 5 $154.3 -- $156.0 -- 4 -- -- -- -- 3 -- -- 5 $199.7 -- $211.0 -- 22.6 18.0

SC 9 $102.4 -- $88.0 -- 4 -- -- -- -- 2 -- -- 9 $108.9 -- $92.5 -- 18.1 20.0

TN 24 $122.9 $92.0 $123.0 $135.0 18 $28.5 $10.0 $24.5 $39.0 11 18.0% 20.0% 24 $144.3 $98.5 $135.0 $168.0 18.3 18.5

TX 79 $137.7 $107.4 $130.0 $154.0 55 $40.7 $15.0 $26.9 $49.6 29 22.0% 20.0% 79 $166.0 $115.0 $150.0 $202.0 21.0 21.5

UT 7 $121.9 -- $99.9 -- 5 $31.3 -- $25.0 -- 4 -- -- 7 $144.3 -- $124.9 -- 15.3 18.0

VA 23 $129.4 $100.0 $124.0 $148.0 16 $31.1 $3.6 $14.0 $44.5 13 19.0% 16.0% 23 $151.1 $100.0 $138.0 $180.5 21.3 24.0

WA 11 $121.1 $100.0 $111.0 $133.0 4 -- -- -- -- 4 -- -- 11 $128.3 $100.0 $122.0 $154.0 22.1 26.0

WI 21 $116.5 $94.7 $115.0 $134.0 15 $20.6 $7.5 $20.0 $27.0 11 20.0% 20.0% 21 $131.2 $97.0 $119.0 $163.0 17.9 16.0

Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt

© 2013 Risk and Insurance Management Society, Inc. (RIMS) V - 15 US Data

Page 108: 2013 Risk Management Compensation Survey - RIMS

2013 Risk Management Compensation Survey

Director - Insurance and Risk ManagementDescription of Responsibilities: This is a senior insurance and risk management position in an organization, with authority to make decisions on risk management issues affecting the organization. This person is usually not the CEO, CFO or COO

unless they spend more than 50% of their time directly involved in, and accountable for, risk management activities/issues affecting the organization. Accountable for protecting the achievement of organizational objectives, ensuring effective

hazard (typically insurable risks) risk management for the organization and supervising, leading and/or directing key internal risk stakeholders. This person typically is responsible for the process of identifying, measuring and managing

insurable or hazard risks, developing reports and plans, and analyzing risk/insurance problems and defining and/or overseeing the implementation of the risk solutions that help avoid, transfer or mitigate risks in order to optimize operations.

Position level/ Reporting Structure: Reports findings on risk exposures to senior executives and/or the organization's board of directors, and implements strategies to manage insurable and/or hazard risks. Operationally reports to the Chief

Financial Officer, Chief Risk Officer, or other corporate level officer designee.

Cash Compensation (All dollar amounts are displayed in USD $000s)

Scope

Metro Area

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Atlanta, GA 18 $147.3 $105.0 $149.7 $177.0 13 $67.8 $40.0 $55.2 $67.0 10 31.0% 30.0% 18 $196.3 $133.0 $189.0 $245.0 22.5 23.5

Austin-San Marcos, TX 7 $111.9 -- $104.5 -- 4 -- -- -- -- 2 -- -- 7 $125.1 -- $105.0 -- 14.9 16.0

Birmingham, AL 7 $131.9 -- $125.0 -- 6 $19.4 -- $18.0 -- 3 -- -- 7 $148.5 -- $141.0 -- 19.4 18.0

Boston-Worcester-Lawrence, MA-NH-ME-CT 16 $126.9 $112.5 $122.5 $140.5 9 $24.8 -- $20.0 -- 7 20.0% 20.0% 16 $140.8 $115.0 $133.7 $159.9 16.1 16.0

Charlotte-Gastonia-Rock Hill, NC-SC 10 $128.6 $116.0 $124.2 $134.8 8 $19.2 -- $16.0 -- 7 25.0% 16.0% 10 $144.0 $122.9 $147.5 $158.3 20.0 24.0

Chicago-Gary-Kenosha, IL-IN-WI 47 $141.3 $113.0 $138.0 $164.4 32 $33.1 $12.0 $25.0 $50.0 28 24.0% 25.0% 47 $163.8 $122.5 $150.0 $204.0 20.9 20.0

Cincinnati-Hamilton, OH-KY-IN 6 $118.0 -- $117.7 -- 4 -- -- -- -- 2 -- -- 6 $135.9 -- $128.9 -- 16.3 16.5

Cleveland-Akron, OH 9 $118.9 -- $125.0 -- 8 $30.4 -- $29.5 -- 5 19.0% 20.0% 9 $146.0 -- $158.0 -- 17.8 17.0

Columbus, OH 8 $138.4 -- $135.0 -- 5 $35.9 -- $42.0 -- 5 20.0% 20.0% 8 $160.9 -- $140.5 -- 20.8 19.5

Dallas-Fort Worth, TX 34 $135.7 $110.0 $128.5 $150.0 29 $37.1 $11.2 $25.0 $46.3 15 19.0% 20.0% 34 $167.4 $122.9 $147.9 $195.0 18.9 20.0

Denver-Boulder-Greeley, CO 27 $114.5 $95.0 $109.0 $131.0 11 $21.9 $12.0 $15.0 $40.0 11 18.0% 18.0% 27 $123.4 $96.0 $118.0 $143.0 19.7 20.0

Detroit-Ann Arbor-Flint, MI 6 $162.7 -- $148.5 -- 5 $57.3 -- $43.0 -- 4 -- -- 6 $210.5 -- $191.0 -- 22.7 24.0

Greensboro--Winston Salem--High Point, NC 5 $134.1 -- $120.0 -- 2 -- -- -- -- 0 -- -- 5 $140.5 -- $136.4 -- 26.8 26.0

Greenville-Spartanburg-Anderson, SC 6 $97.5 -- $85.0 -- 3 -- -- -- -- 1 -- -- 6 $103.3 -- $90.4 -- 18.0 19.0

Hartford, CT 5 $120.2 -- $120.0 -- 3 -- -- -- -- 3 -- -- 5 $133.9 -- $142.7 -- 24.2 29.0

Houston-Galveston-Brazoria, TX 28 $152.3 $117.5 $150.0 $177.0 17 $55.6 $25.0 $45.0 $100.0 8 30.0% 25.0% 28 $186.1 $121.0 $170.0 $224.5 24.1 25.0

Jacksonville, FL 8 $109.9 -- $106.5 -- 7 $35.0 -- $21.5 -- 7 28.0% 17.0% 8 $140.6 -- $116.3 -- 15.5 17.5

Kansas City, MO-KS 8 $99.4 -- $98.7 -- 5 $15.4 -- $18.0 -- 5 19.0% 20.0% 8 $109.0 -- $105.2 -- 19.1 18.5

Los Angeles-Riverside-Orange County, CA 33 $147.9 $123.0 $150.0 $162.0 20 $33.6 $11.9 $29.0 $47.5 13 23.0% 25.0% 33 $168.3 $128.0 $160.0 $199.0 21.3 22.0

Memphis, TN-AR-MS 6 $123.4 -- $123.0 -- 5 $25.5 -- $30.0 -- 2 -- -- 6 $144.7 -- $135.0 -- 18.3 17.0

Miami-Fort Lauderdale, FL 11 $124.8 $105.0 $120.0 $145.0 6 $21.1 -- $22.5 -- 3 -- -- 11 $136.3 $105.0 $140.0 $163.5 24.5 25.0

Milwaukee-Racine, WI 12 $118.4 $91.6 $111.0 $138.9 9 $21.1 -- $24.0 -- 7 18.0% 20.0% 12 $134.2 $98.6 $124.5 $170.2 18.2 16.5

Minneapolis-St. Paul, MN-WI 16 $133.9 $116.0 $131.0 $147.5 14 $26.4 $11.5 $27.5 $35.0 10 25.0% 25.0% 16 $157.0 $130.3 $146.5 $180.0 22.1 23.0

Nashville, TN 14 $128.9 $82.0 $127.5 $147.5 10 $32.4 $5.0 $27.5 $43.0 7 17.0% 20.0% 14 $152.0 $87.0 $146.5 $177.5 19.4 19.5

New York-Northern New Jersey-Long Island, NY-

NJ-CT-PA101 $163.9 $135.0 $152.0 $188.0 79 $42.9 $20.0 $30.0 $55.0 50 27.0% 25.0% 101 $197.4 $149.0 $180.0 $216.9 20.5 20.0

Orlando, FL 5 $117.7 -- $113.0 -- 3 -- -- -- -- 1 -- -- 5 $130.5 -- $113.0 -- 24.0 22.0

Philadelphia-Wilmington-Atlantic City, PA-NJ-DE-

MD21 $135.6 $116.4 $130.0 $147.0 14 $33.1 $16.0 $25.5 $45.0 9 30.0% 20.0% 21 $157.7 $125.0 $155.0 $175.5 20.6 20.0

Phoenix, AZ 10 $124.2 $105.0 $120.0 $149.3 6 $30.7 -- $27.5 -- 5 27.0% 20.0% 10 $142.6 $105.0 $142.2 $160.0 19.3 17.0

Pittsburgh, PA 10 $146.1 $139.5 $150.0 $159.0 8 $52.3 -- $54.0 -- 6 26.0% 28.0% 10 $188.0 $165.0 $199.9 $218.0 17.5 17.0

Portland-Salem, OR-WA 15 $107.7 $94.5 $103.0 $125.6 9 $12.3 -- $10.0 -- 5 15.0% 13.0% 15 $115.1 $99.6 $107.0 $135.0 19.2 18.0

Providence-Fall River-Warwick, RI-MA 5 $154.3 -- $156.0 -- 4 -- -- -- -- 3 -- -- 5 $199.7 -- $211.0 -- 22.6 18.0

Raleigh-Durham-Chapel Hill, NC 6 $130.0 -- $131.5 -- 4 -- -- -- -- 1 -- -- 6 $145.2 -- $140.4 -- 23.0 21.5

Richmond-Petersburg, VA 7 $144.0 -- $130.0 -- 6 $40.2 -- $15.6 -- 4 -- -- 7 $178.5 -- $147.2 -- 23.4 26.0

Salt Lake City-Ogden, UT 6 $131.4 -- $112.5 -- 5 $31.3 -- $25.0 -- 4 -- -- 6 $157.5 -- $135.0 -- 16.5 18.5

San Antonio, TX 8 $131.4 -- $135.0 -- 5 $24.5 -- $24.5 -- 4 -- -- 8 $146.7 -- $150.0 -- 24.0 25.5

San Diego, CA 8 $124.2 -- $118.0 -- 3 -- -- -- -- 1 -- -- 8 $129.8 -- $121.2 -- 21.3 20.5

San Francisco-Oakland-San Jose, CA 25 $153.6 $126.0 $160.0 $180.0 14 $37.0 $18.3 $32.0 $55.0 12 23.0% 23.0% 25 $174.3 $126.0 $165.0 $213.1 16.6 18.0

Seattle-Tacoma-Bremerton, WA 10 $122.5 $100.0 $118.0 $133.0 4 -- -- -- -- 4 -- -- 10 $130.5 $100.0 $123.5 $154.0 21.6 25.5

St. Louis, MO-IL 8 $122.7 -- $122.5 -- 5 $23.5 -- $19.0 -- 5 23.0% 20.0% 8 $137.4 -- $133.9 -- 21.3 23.5

Total Cash Compensation Yrs. In Risk MgmtBase Salary Bonus Amount Target Bonus

© 2013 Risk and Insurance Management Society, Inc. (RIMS) V - 16 US Data

Page 109: 2013 Risk Management Compensation Survey - RIMS

2013 Risk Management Compensation Survey

Director - Insurance and Risk ManagementDescription of Responsibilities: This is a senior insurance and risk management position in an organization, with authority to make decisions on risk management issues affecting the organization. This person is usually not the CEO, CFO or COO

unless they spend more than 50% of their time directly involved in, and accountable for, risk management activities/issues affecting the organization. Accountable for protecting the achievement of organizational objectives, ensuring effective

hazard (typically insurable risks) risk management for the organization and supervising, leading and/or directing key internal risk stakeholders. This person typically is responsible for the process of identifying, measuring and managing

insurable or hazard risks, developing reports and plans, and analyzing risk/insurance problems and defining and/or overseeing the implementation of the risk solutions that help avoid, transfer or mitigate risks in order to optimize operations.

Position level/ Reporting Structure: Reports findings on risk exposures to senior executives and/or the organization's board of directors, and implements strategies to manage insurable and/or hazard risks. Operationally reports to the Chief

Financial Officer, Chief Risk Officer, or other corporate level officer designee.

Cash Compensation (All dollar amounts are displayed in USD $000s)

Scope

Metro Area

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Tampa-St. Petersburg-Clearwater, FL 8 $130.3 -- $116.4 -- 4 -- -- -- -- 3 -- -- 8 $146.6 -- $142.6 -- 20.5 20.5

Washington-Baltimore, DC-MD-VA-WV 23 $131.4 $101.0 $130.0 $150.0 13 $26.9 $5.0 $16.0 $30.0 10 21.0% 18.0% 23 $146.7 $106.0 $133.0 $170.0 17.9 16.0

West Palm Beach-Boca Raton, FL 9 $109.6 -- $103.0 -- 1 -- -- -- -- 1 -- -- 9 $110.3 -- $103.0 -- 24.3 26.0

Respondent Characteristics

Male 63.6% Yes 39.9%

Female 34.9% No 59.9%

Did Not Indicate 1.4% Did Not Indicate 0.3%

High School/Associate Degree 6.0% Incentive Stock Options (ISOs) 25.1%

Bachelors 48.3% Non-Qualified Stock Options (NQSOs) 18.9%

MA/MS 8.6% Restricted Stock 52.4%

MBA 26.5% Stock Appreciation Rights (SARs) 6.8%

JD 6.5% Performance Shares 12.4%

MD 0.1% Performance Units 8.5%

Ph.D 0.4% Long-Term Cash 11.4%

Other 3.6% None of the Above Received 5.9%

* Only includes those eligible for LTI

Parent 81.7% Yes 82.5%

Division 3.2% No 17.5%

Subsidiary 5.3%

Single Location 4.0%

Other 5.7%

Degree Type of Long-term Incentives Received*

Type of Organization Where Employed Supervise Individuals

Base Salary Bonus Amount

Gender Long-Term Incentive Eligible

Target Bonus Total Cash Compensation Yrs. In Risk Mgmt

© 2013 Risk and Insurance Management Society, Inc. (RIMS) V - 17 US Data

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2013 Risk Management Compensation Survey

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© 2013 Risk and Insurance Management Society, Inc. (RIMS) V - 18

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2013 Risk Management Compensation Survey

Manager - Insurance Management

Cash Compensation (All dollar amounts are displayed in USD $000s)

Scope

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

All Respondents 359 $102.1 $85.0 $99.0 $115.0 216 $15.4 $6.2 $11.0 $20.0 144 19.0% 15.0% 359 $111.4 $88.0 $104.5 $129.0 15.4 14.0

Ownership Type

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Publicly Traded 181 $107.5 $86.0 $104.9 $119.0 128 $17.6 $8.0 $14.8 $20.2 99 20.0% 15.0% 181 $119.9 $91.9 $114.0 $136.0 15.2 13.0

Private 87 $99.7 $81.0 $97.0 $115.5 66 $12.7 $6.1 $10.0 $16.0 36 19.0% 15.0% 87 $109.3 $89.0 $105.0 $129.5 14.0 12.0

Government 44 $94.0 $82.6 $93.0 $103.8 6 $16.8 -- $2.0 -- 3 -- -- 44 $96.3 $82.6 $93.0 $106.0 18.2 18.0

Not-for-Profit 34 $89.9 $80.0 $91.1 $95.0 10 $7.2 $4.8 $7.3 $10.0 2 -- -- 34 $92.0 $80.0 $92.0 $102.0 16.5 17.5

Other 13 $103.6 $93.6 $100.0 $110.0 6 $11.8 -- $12.8 -- 4 -- -- 13 $109.1 $93.6 $105.0 $116.2 16.7 15.0

Revenue

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Less than $100 Million 23 $82.2 $69.0 $80.0 $93.0 8 $4.9 -- $2.6 -- 5 10.0% 10.0% 23 $83.9 $69.0 $82.2 $98.1 15.5 13.0

$100 - $250 Million 17 $95.3 $77.0 $96.0 $107.9 8 $13.5 -- $11.0 -- 2 -- -- 17 $101.7 $89.0 $96.0 $113.0 17.9 16.8

$250 - $500 Million 25 $90.7 $80.0 $91.6 $103.7 13 $15.2 $2.0 $4.8 $21.0 2 -- -- 25 $98.6 $82.0 $93.6 $108.5 13.8 12.0

$500 Million - $1 Billion 32 $102.5 $81.5 $93.8 $110.0 14 $10.8 $7.0 $8.8 $14.0 8 13.0% 10.0% 32 $107.2 $84.5 $95.5 $111.5 16.4 15.5

$1 - $5 Billion 112 $102.4 $85.8 $99.5 $114.8 76 $13.5 $6.7 $10.9 $17.3 55 18.0% 15.0% 112 $111.5 $90.6 $105.5 $129.5 14.8 12.0

$5 - $10 Billion 45 $103.4 $91.0 $103.0 $115.0 36 $12.8 $6.8 $10.8 $18.6 19 24.0% 15.0% 45 $113.6 $100.0 $113.0 $129.0 17.1 16.0

Greater than $10 Billion 80 $115.3 $95.1 $110.5 $125.0 53 $23.8 $10.4 $18.0 $26.0 48 20.0% 16.0% 80 $131.1 $100.3 $121.3 $140.5 16.2 14.0

Degree

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

High School/Associate Degree 36 $88.6 $77.0 $87.8 $93.5 14 $13.0 $5.6 $10.5 $20.0 12 27.0% 11.0% 36 $93.6 $77.0 $90.0 $101.8 19.0 20.5

Bachelors 192 $102.9 $85.0 $100.0 $113.5 130 $15.3 $5.9 $10.9 $19.0 85 17.0% 15.0% 192 $113.3 $89.0 $104.8 $127.0 15.3 13.0

MA/MS 27 $101.5 $85.0 $100.0 $111.0 13 $10.5 $8.0 $10.0 $14.9 9 25.0% 15.0% 27 $106.6 $90.0 $105.0 $116.9 17.6 17.0

MBA 76 $105.5 $89.5 $104.5 $119.0 43 $17.5 $8.0 $16.0 $21.8 27 18.0% 15.0% 76 $115.4 $92.1 $113.4 $135.0 14.4 12.5

JD 8 $106.3 -- $108.0 -- 5 $9.4 -- $10.0 -- 3 -- -- 8 $112.1 -- $115.0 -- 9.3 9.0

Ph.D 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Supervisory Responsibility

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

No 167 $99.6 $81.9 $95.0 $110.0 105 $13.7 $6.1 $10.8 $19.0 67 19.0% 15.0% 167 $108.2 $85.0 $103.7 $126.0 15.1 13.0

1 or Fewer 66 $103.6 $85.0 $100.2 $118.0 49 $14.2 $7.0 $10.0 $20.0 34 22.0% 15.0% 66 $114.1 $90.0 $110.1 $130.0 14.5 12.0

From 1 to 3 60 $102.5 $88.5 $100.0 $113.9 26 $14.6 $5.0 $14.3 $16.5 16 15.0% 15.0% 60 $108.8 $89.3 $104.4 $116.8 15.0 13.0

From 3 to 5 22 $102.4 $90.0 $102.5 $119.0 13 $15.7 $8.3 $14.9 $18.0 7 17.0% 15.0% 22 $111.7 $90.0 $108.2 $130.0 15.8 15.9

More than 5 19 $115.3 $80.0 $113.0 $131.0 11 $34.7 $10.0 $16.5 $45.0 9 24.0% 20.0% 19 $135.4 $90.0 $120.0 $150.0 16.6 17.0

Responsibilities include directing the purchase of insurance programs, management of claims and loss control activities, management of relationships with third party service providers including brokers, insurers, consultants and other

administrators, preparing loss analyses and budgets, identifying exposures, recommending solutions, implementing approved programs, promoting loss prevention, updating and monitoring compliance with insurance procedures and

managing safety/risk management manuals.

Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt

© 2013 Risk and Insurance Management Society, Inc. (RIMS) V - 19 US Data

Page 112: 2013 Risk Management Compensation Survey - RIMS

2013 Risk Management Compensation Survey

Manager - Insurance ManagementResponsibilities include directing the purchase of insurance programs, management of claims and loss control activities, management of relationships with third party service providers including brokers, insurers, consultants and other

administrators, preparing loss analyses and budgets, identifying exposures, recommending solutions, implementing approved programs, promoting loss prevention, updating and monitoring compliance with insurance procedures and

managing safety/risk management manuals.

Cash Compensation (All dollar amounts are displayed in USD $000s)

Scope

Industry

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Agriculture 3 -- -- -- -- 3 -- -- -- -- 3 -- -- 3 -- -- -- -- -- --

Business/Info

Services/Consulting/Legal/Accounting6 $99.3 -- $87.5 -- 4 -- -- -- -- 3 -- -- 6 $104.9 -- $91.8 -- 14.2 13.0

Chemical/Pharmaceutical/Biotechnology 13 $118.4 $104.0 $117.8 $134.0 10 $15.6 $14.0 $16.6 $20.0 8 13.0% 12.0% 13 $130.4 $120.0 $136.0 $146.0 13.1 12.0

Computer Software/Services 4 -- -- -- -- 3 -- -- -- -- 3 -- -- 4 -- -- -- -- -- --

Construction/Engineering/Architectural 15 $113.2 $80.5 $103.0 $115.0 9 $12.1 -- $12.0 -- 5 14.0% 15.0% 15 $120.4 $81.0 $106.0 $127.0 16.1 15.0

Education 7 $86.5 -- $80.0 -- 2 -- -- -- -- 2 -- -- 7 $89.7 -- $80.0 -- 16.1 14.0

Energy 24 $119.3 $96.8 $112.8 $136.1 22 $26.2 $10.0 $20.0 $37.5 12 33.0% 23.0% 24 $143.3 $108.3 $140.5 $154.1 15.8 14.5

Entertainment & Media 4 -- -- -- -- 2 -- -- -- -- 1 -- -- 4 -- -- -- -- -- --

Finance/Banking 17 $101.9 $81.4 $95.0 $107.5 9 $29.7 -- $23.5 -- 6 34.0% 28.0% 17 $117.7 $81.4 $104.5 $136.0 15.6 15.0

Government 26 $91.4 $79.2 $91.8 $100.3 2 -- -- -- -- 2 -- -- 26 $91.6 $79.2 $91.8 $102.0 19.5 19.0

Healthcare 23 $97.7 $85.0 $92.0 $104.2 8 $18.8 -- $13.9 -- 5 22.0% 25.0% 23 $104.2 $85.0 $95.0 $110.0 16.8 16.0

Hospitality 8 $83.7 -- $79.5 -- 5 $7.9 -- $8.0 -- 2 -- -- 8 $88.7 -- $87.5 -- 12.9 12.5

Insurance 18 $95.2 $89.9 $94.5 $104.0 11 $8.2 $3.5 $7.2 $10.0 9 10.0% 10.0% 18 $100.3 $90.0 $97.1 $113.0 16.2 14.5

Mfg - Durable (includes Aerospace,

Computer/Office Equipment, Electronics)37 $106.3 $83.0 $100.0 $125.0 24 $15.4 $5.0 $11.0 $20.5 19 24.0% 15.0% 37 $116.3 $85.0 $105.0 $135.0 14.5 14.0

Mfg - Nondurable (includes Food, Paper & Allied

Products)19 $109.4 $93.0 $108.0 $126.0 15 $12.9 $7.0 $10.5 $16.5 8 14.0% 15.0% 19 $119.6 $102.0 $119.0 $135.0 11.2 10.0

Mining/Milling/Smelting 8 $106.3 -- $108.5 -- 5 $8.4 -- $5.0 -- 3 -- -- 8 $111.6 -- $110.3 -- 20.5 24.0

Not-for-Profit 6 $90.6 -- $73.5 -- 2 -- -- -- -- 0 -- -- 6 $91.4 -- $73.6 -- 12.1 8.5

Real Estate 11 $98.1 $85.0 $96.0 $103.0 6 $17.0 -- $13.0 -- 4 -- -- 11 $107.4 $92.2 $100.0 $122.5 11.3 8.0

Research & Development 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --

Retail 18 $97.6 $83.0 $89.0 $113.0 13 $11.0 $6.0 $8.5 $11.0 12 20.0% 12.0% 18 $105.6 $85.0 $98.8 $119.4 13.6 12.5

Service 3 -- -- -- -- 2 -- -- -- -- 0 -- -- 3 -- -- -- -- -- --

Telecommunications 5 $102.0 -- $102.0 -- 5 $15.4 -- $14.9 -- 4 -- -- 5 $117.3 -- $116.9 -- 13.8 10.0

Transportation 19 $95.7 $80.0 $96.0 $110.0 11 $17.9 $12.2 $16.0 $22.0 7 20.0% 20.0% 19 $106.1 $88.0 $102.0 $129.0 15.5 14.0

Utilities 32 $104.5 $92.3 $104.5 $114.7 18 $18.3 $7.0 $9.8 $18.0 10 13.0% 10.0% 32 $114.8 $99.1 $108.0 $127.7 18.7 19.5

Wholesale Distribution 9 $95.7 -- $90.0 -- 6 $11.6 -- $11.0 -- 7 26.0% 15.0% 9 $103.5 -- $104.0 -- 14.4 10.0

Other 23 $103.9 $85.0 $100.0 $108.0 19 $13.3 $7.6 $12.0 $16.0 9 18.0% 20.0% 23 $114.9 $95.4 $108.9 $120.9 15.1 12.0

Regions (defined in Section I - 15)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

North East Region 45 $108.0 $90.0 $103.0 $120.0 28 $17.2 $7.8 $14.9 $24.3 21 18.0% 15.0% 45 $118.7 $94.0 $114.0 $131.8 13.1 11.0

Mid Atlantic Region 46 $99.8 $83.0 $96.9 $110.0 28 $11.9 $8.8 $11.0 $15.0 21 18.0% 15.0% 46 $107.1 $89.0 $105.0 $120.0 17.0 15.0

South East Region 42 $92.9 $80.0 $91.5 $104.0 24 $13.5 $3.8 $8.5 $18.0 18 17.0% 15.0% 42 $100.6 $85.0 $96.5 $109.0 17.3 18.0

Mississippi Valley Region 105 $100.6 $84.6 $98.0 $115.0 62 $17.0 $6.1 $13.5 $20.0 45 18.0% 15.0% 105 $110.6 $85.0 $102.0 $124.9 16.2 15.0

Mountain Region 60 $107.0 $81.8 $99.5 $123.1 42 $19.8 $7.9 $14.8 $22.0 24 26.0% 18.0% 60 $120.9 $87.0 $105.3 $141.9 14.9 13.5

Western Region 61 $103.8 $89.0 $100.0 $119.0 32 $9.6 $4.5 $9.8 $13.5 15 17.0% 12.0% 61 $108.8 $92.0 $107.9 $125.0 14.0 13.0

Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt

© 2013 Risk and Insurance Management Society, Inc. (RIMS) V - 20 US Data

Page 113: 2013 Risk Management Compensation Survey - RIMS

2013 Risk Management Compensation Survey

Manager - Insurance ManagementResponsibilities include directing the purchase of insurance programs, management of claims and loss control activities, management of relationships with third party service providers including brokers, insurers, consultants and other

administrators, preparing loss analyses and budgets, identifying exposures, recommending solutions, implementing approved programs, promoting loss prevention, updating and monitoring compliance with insurance procedures and

managing safety/risk management manuals.

Cash Compensation (All dollar amounts are displayed in USD $000s)

Scope

State

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

AZ 6 $101.3 -- $94.0 -- 5 $8.6 -- $10.0 -- 0 -- -- 6 $108.5 -- $101.0 -- 13.7 14.5

CA 33 $110.9 $95.8 $106.0 $129.0 19 $9.7 $3.5 $10.0 $14.5 12 19.0% 15.0% 33 $116.5 $103.5 $114.0 $131.0 11.6 9.0

CO 7 $111.3 -- $104.0 -- 4 -- -- -- -- 1 -- -- 7 $116.1 -- $104.0 -- 16.1 15.0

CT 5 $94.9 -- $85.0 -- 2 -- -- -- -- 2 -- -- 5 $101.7 -- $85.0 -- 7.6 8.0

DC 5 $118.3 -- $105.0 -- 3 -- -- -- -- 2 -- -- 5 $123.6 -- $114.5 -- 26.0 28.0

FL 17 $89.8 $84.0 $90.5 $100.0 8 $8.1 -- $5.8 -- 9 15.0% 15.0% 17 $93.7 $85.1 $90.5 $103.3 19.9 22.0

GA 12 $89.8 $74.5 $87.0 $102.0 7 $17.1 -- $7.0 -- 4 -- -- 12 $99.8 $78.5 $89.5 $102.0 12.1 11.0

IL 30 $108.7 $88.0 $103.5 $125.0 21 $19.8 $9.0 $18.2 $28.0 16 19.0% 20.0% 30 $122.6 $95.4 $118.1 $140.0 16.4 15.0

IN 6 $95.3 -- $87.5 -- 4 -- -- -- -- 4 -- -- 6 $108.3 -- $96.6 -- 11.1 12.0

MA 6 $114.3 -- $110.3 -- 4 -- -- -- -- 3 -- -- 6 $133.4 -- $133.5 -- 14.2 15.0

MI 11 $102.3 $86.0 $104.0 $120.0 7 $11.9 -- $10.0 -- 3 -- -- 11 $109.8 $90.0 $104.0 $122.0 17.5 16.0

MN 15 $106.2 $85.0 $100.3 $125.0 8 $23.2 -- $10.2 -- 6 19.0% 18.0% 15 $118.6 $85.0 $100.3 $135.4 17.8 13.0

MO 13 $87.7 $74.0 $82.0 $104.2 4 -- -- -- -- 5 10.0% 10.0% 13 $90.3 $78.5 $82.0 $104.2 14.6 12.0

NC 5 $86.0 -- $86.9 -- 1 -- -- -- -- 1 -- -- 5 $87.0 -- $91.9 -- 13.2 12.0

NJ 17 $107.4 $92.6 $113.0 $117.8 11 $13.2 $5.6 $14.0 $20.0 6 14.0% 13.0% 17 $115.9 $98.1 $115.0 $130.0 12.8 12.0

NY 13 $117.8 $96.0 $103.0 $130.0 7 $20.8 -- $14.7 -- 8 15.0% 15.0% 13 $129.1 $96.0 $112.7 $155.0 14.4 13.0

OH 13 $90.4 $81.4 $90.0 $102.0 8 $14.6 -- $7.0 -- 7 32.0% 20.0% 13 $99.4 $81.4 $96.0 $110.0 12.0 11.0

PA 19 $97.0 $80.0 $98.5 $110.0 15 $12.6 $9.7 $11.0 $15.0 10 24.0% 15.0% 19 $107.0 $89.0 $108.0 $121.0 17.1 15.0

TN 5 $104.0 -- $100.0 -- 3 -- -- -- -- 1 -- -- 5 $116.9 -- $109.0 -- 20.4 22.0

TX 37 $103.0 $79.0 $95.0 $122.0 26 $20.8 $7.9 $14.5 $28.0 18 30.0% 20.0% 37 $117.6 $81.0 $104.0 $141.4 15.4 14.0

VA 11 $104.2 $92.0 $95.0 $125.0 6 $10.3 -- $13.4 -- 5 14.0% 15.0% 11 $109.8 $92.0 $107.0 $135.0 15.8 13.0

WA 9 $91.6 -- $87.6 -- 5 $11.5 -- $8.6 -- 2 -- -- 9 $98.0 -- $93.5 -- 16.9 15.0

WI 12 $100.1 $77.0 $99.5 $112.2 7 $14.0 -- $11.0 -- 3 -- -- 12 $108.3 $81.0 $100.0 $127.7 18.1 20.0

Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt

© 2013 Risk and Insurance Management Society, Inc. (RIMS) V - 21 US Data

Page 114: 2013 Risk Management Compensation Survey - RIMS

2013 Risk Management Compensation Survey

Manager - Insurance ManagementResponsibilities include directing the purchase of insurance programs, management of claims and loss control activities, management of relationships with third party service providers including brokers, insurers, consultants and other

administrators, preparing loss analyses and budgets, identifying exposures, recommending solutions, implementing approved programs, promoting loss prevention, updating and monitoring compliance with insurance procedures and

managing safety/risk management manuals.

Cash Compensation (All dollar amounts are displayed in USD $000s)

Scope

Metro Area

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Atlanta, GA 10 $90.3 $74.0 $84.5 $104.0 6 $17.8 -- $6.0 -- 4 -- -- 10 $101.0 $77.0 $85.5 $104.0 12.0 11.0

Boston-Worcester-Lawrence, MA-NH-ME-CT 5 $117.0 -- $113.0 -- 5 $23.8 -- $23.5 -- 4 -- -- 5 $140.8 -- $136.0 -- 13.4 18.0

Chicago-Gary-Kenosha, IL-IN-WI 29 $105.4 $88.0 $102.0 $119.0 21 $17.2 $9.0 $18.0 $25.0 16 18.0% 18.0% 29 $117.9 $95.4 $116.2 $136.0 15.6 12.0

Cleveland-Akron, OH 6 $95.9 -- $95.5 -- 3 -- -- -- -- 1 -- -- 6 $105.0 -- $98.5 -- 16.3 14.5

Dallas-Fort Worth, TX 10 $90.8 $68.1 $80.3 $124.2 6 $14.7 -- $14.5 -- 5 10.0% 10.0% 10 $99.6 $68.2 $84.3 $141.4 12.7 13.5

Denver-Boulder-Greeley, CO 6 $112.6 -- $112.0 -- 4 -- -- -- -- 1 -- -- 6 $118.1 -- $113.5 -- 16.8 17.5

Detroit-Ann Arbor-Flint, MI 8 $99.6 -- $100.5 -- 4 -- -- -- -- 1 -- -- 8 $103.0 -- $103.0 -- 14.1 13.0

Houston-Galveston-Brazoria, TX 21 $115.2 $93.6 $105.0 $134.0 17 $25.0 $9.9 $20.0 $39.0 10 37.0% 23.0% 21 $135.5 $102.0 $130.5 $145.0 16.5 14.0

Indianapolis, IN 5 $97.9 -- $89.9 -- 3 -- -- -- -- 4 -- -- 5 $109.8 -- $92.1 -- 10.7 12.0

Jacksonville, FL 6 $92.4 -- $88.8 -- 5 $7.7 -- $6.5 -- 4 -- -- 6 $98.9 -- $93.8 -- 15.0 15.5

Kansas City, MO-KS 6 $84.0 -- $82.7 -- 3 -- -- -- -- 3 -- -- 6 $86.9 -- $87.0 -- 17.0 19.0

Los Angeles-Riverside-Orange County, CA 17 $104.4 $90.0 $103.0 $129.0 8 $10.2 -- $10.0 -- 4 -- -- 17 $109.2 $101.6 $107.9 $129.0 10.5 8.0

Milwaukee-Racine, WI 7 $107.9 -- $110.0 -- 4 -- -- -- -- 2 -- -- 7 $117.5 -- $120.0 -- 16.1 20.0

Minneapolis-St. Paul, MN-WI 12 $104.8 $87.5 $99.2 $117.5 6 $25.5 -- $10.0 -- 5 22.0% 20.0% 12 $117.5 $88.1 $100.1 $124.8 18.0 15.5

New York-Northern New Jersey-Long Island, NY-

NJ-CT-PA26 $112.6 $92.6 $111.3 $122.0 15 $16.3 $7.6 $14.7 $22.0 12 14.0% 15.0% 26 $122.0 $96.0 $115.0 $131.8 12.4 10.5

Philadelphia-Wilmington-Atlantic City, PA-NJ-DE-

MD17 $99.3 $80.0 $105.0 $115.5 12 $13.0 $7.7 $11.0 $20.4 9 24.0% 15.0% 17 $108.4 $87.6 $110.0 $130.0 15.7 15.0

Phoenix, AZ 5 $105.4 -- $98.0 -- 4 -- -- -- -- 0 -- -- 5 $112.4 -- $102.0 -- 11.4 10.0

Portland-Salem, OR-WA 5 $83.2 -- $85.0 -- 0 -- -- -- -- 0 -- -- 5 $83.2 -- $85.0 -- 19.5 22.0

San Diego, CA 5 $115.8 -- $105.0 -- 3 -- -- -- -- 3 -- -- 5 $125.6 -- $125.0 -- 15.8 15.0

San Francisco-Oakland-San Jose, CA 10 $118.5 $104.0 $109.0 $140.0 7 $7.4 -- $8.0 -- 5 21.0% 10.0% 10 $123.7 $110.0 $114.2 $140.0 9.6 8.0

Seattle-Tacoma-Bremerton, WA 8 $92.4 -- $90.3 -- 5 $11.5 -- $8.6 -- 2 -- -- 8 $99.6 -- $93.5 -- 15.9 14.0

St. Louis, MO-IL 6 $89.4 -- $97.1 -- 1 -- -- -- -- 1 -- -- 6 $92.0 -- $97.1 -- 17.7 17.5

Washington-Baltimore, DC-MD-VA-WV 14 $109.1 $93.0 $105.0 $115.5 7 $10.2 -- $9.5 -- 7 13.0% 10.0% 14 $114.2 $93.0 $112.3 $135.0 18.9 15.5

Target Bonus Total Cash Compensation Yrs. In Risk MgmtBase Salary Bonus Amount

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2013 Risk Management Compensation Survey

Manager - Insurance ManagementResponsibilities include directing the purchase of insurance programs, management of claims and loss control activities, management of relationships with third party service providers including brokers, insurers, consultants and other

administrators, preparing loss analyses and budgets, identifying exposures, recommending solutions, implementing approved programs, promoting loss prevention, updating and monitoring compliance with insurance procedures and

managing safety/risk management manuals.Respondent Characteristics

Male 48.2% Yes 21.4%

Female 49.6% No 78.3%

Did Not Indicate 2.2% Did Not Indicate 0.3%

High School/Associate Degree 10.0% Incentive Stock Options (ISOs) 32.5%

Bachelors 53.5% Non-Qualified Stock Options (NQSOs) 14.3%

MA/MS 7.5% Restricted Stock 50.6%

MBA 21.2% Stock Appreciation Rights (SARs) 7.8%

JD 2.2% Performance Shares 11.7%

MD 0.0% Performance Units 5.2%

Ph.D 0.0% Long-Term Cash 11.7%

Other 5.6% None of the Above Received 6.5%

* Only includes those eligible for LTI

Parent 77.4% Yes 53.5%

Division 5.3% No 46.5%

Subsidiary 8.4%

Single Location 5.0%

Other 3.9%

Gender Long-Term Incentive Eligible

Degree Type of Long-term Incentives Received*

Type of Organization Where Employed Supervise Individuals

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Employee Benefits/Workers Compensation Claims Manager

Cash Compensation (All dollar amounts are displayed in USD $000s)

Scope

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

All Respondents 45 $84.4 $67.0 $82.0 $97.0 20 $8.1 $3.5 $6.8 $11.0 11 10.0% 10.0% 45 $88.0 $70.3 $85.0 $106.0 14.2 12.0

Ownership Type

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Publicly Traded 17 $84.6 $70.0 $85.0 $94.0 11 $8.3 $2.9 $5.3 $15.5 6 10.0% 7.0% 17 $90.0 $72.3 $85.0 $110.0 16.1 16.0

Private 13 $72.5 $60.0 $75.0 $82.0 5 $7.4 -- $8.2 -- 2 -- -- 13 $75.4 $60.0 $78.0 $90.2 7.5 7.0

Government 7 $96.7 -- $80.0 -- 0 -- -- -- -- 0 -- -- 7 $96.7 -- $80.0 -- 16.3 18.0

Not-for-Profit 7 $93.3 -- $88.0 -- 4 -- -- -- -- 3 -- -- 7 $98.1 -- $88.0 -- 18.7 16.0

Other 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --

Revenue

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Less than $100 Million 9 $80.3 -- $80.0 -- 1 -- -- -- -- 0 -- -- 9 $81.3 -- $80.0 -- 12.0 9.0

$100 - $250 Million 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

$250 - $500 Million 2 -- -- -- -- 0 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --

$500 Million - $1 Billion 5 $106.4 -- $100.0 -- 3 -- -- -- -- 2 -- -- 5 $112.8 -- $106.0 -- 16.6 18.0

$1 - $5 Billion 9 $88.8 -- $82.0 -- 6 $8.1 -- $7.2 -- 3 -- -- 9 $94.2 -- $85.0 -- 16.1 13.0

$5 - $10 Billion 3 -- -- -- -- 2 -- -- -- -- 3 -- -- 3 -- -- -- -- -- --

Greater than $10 Billion 2 -- -- -- -- 1 -- -- -- -- 1 -- -- 2 -- -- -- -- -- --

Degree

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

High School/Associate Degree 10 $79.3 $67.0 $82.0 $94.0 5 $5.9 -- $4.0 -- 3 -- -- 10 $82.3 $67.0 $84.8 $96.9 15.9 8.5

Bachelors 25 $82.8 $65.0 $85.0 $94.0 11 $8.6 $3.2 $6.0 $16.0 4 -- -- 25 $86.5 $67.0 $85.0 $101.8 14.3 13.0

MA/MS 5 $97.0 -- $99.0 -- 4 -- -- -- -- 3 -- -- 5 $104.8 -- $114.5 -- 11.8 12.0

MBA 2 -- -- -- -- 0 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --

JD 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Ph.D 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Supervisory Responsibility

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

No 17 $70.8 $60.0 $74.0 $82.0 6 $5.8 -- $5.7 -- 4 -- -- 17 $72.8 $60.0 $74.0 $85.0 9.9 10.0

1 or Fewer 5 $74.6 -- $70.0 -- 2 -- -- -- -- 0 -- -- 5 $78.3 -- $72.3 -- 13.2 13.0

From 1 to 3 8 $84.0 -- $81.5 -- 4 -- -- -- -- 2 -- -- 8 $88.2 -- $85.0 -- 16.0 19.0

From 3 to 5 2 -- -- -- -- 1 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --

More than 5 8 $108.9 -- $117.0 -- 5 $11.7 -- $9.0 -- 3 -- -- 8 $116.2 -- $127.0 -- 14.5 15.5

Combination of data from the Employee Benefits Manager & Workers' Compensation Claims Manager positions.

See pages 9 though 14 in Section I of this report for a detailed job description of all positions.

Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt

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2013 Risk Management Compensation Survey

Employee Benefits/Workers Compensation Claims ManagerCombination of data from the Employee Benefits Manager & Workers' Compensation Claims Manager positions.

See pages 9 though 14 in Section I of this report for a detailed job description of all positions.

Cash Compensation (All dollar amounts are displayed in USD $000s)

Scope

Industry

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Agriculture 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Business/Info

Services/Consulting/Legal/Accounting1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --

Chemical/Pharmaceutical/Biotechnology 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Computer Software/Services 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Construction/Engineering/Architectural 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Education 3 -- -- -- -- 0 -- -- -- -- 0 -- -- 3 -- -- -- -- -- --

Energy 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Entertainment & Media 2 -- -- -- -- 0 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --

Finance/Banking 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Government 5 $74.4 -- $75.1 -- 0 -- -- -- -- 0 -- -- 5 $74.4 -- $75.1 -- 13.6 12.0

Healthcare 5 $90.2 -- $85.0 -- 3 -- -- -- -- 2 -- -- 5 $96.2 -- $87.5 -- 19.0 20.0

Hospitality 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --

Insurance 2 -- -- -- -- 1 -- -- -- -- 1 -- -- 2 -- -- -- -- -- --

Mfg - Durable (includes Aerospace,

Computer/Office Equipment, Electronics)4 -- -- -- -- 2 -- -- -- -- 3 -- -- 4 -- -- -- -- -- --

Mfg - Nondurable (includes Food, Paper & Allied

Products)3 -- -- -- -- 3 -- -- -- -- 1 -- -- 3 -- -- -- -- -- --

Mining/Milling/Smelting 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Not-for-Profit 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Real Estate 1 -- -- -- -- 1 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --

Research & Development 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Retail 6 $73.8 -- $67.5 -- 3 -- -- -- -- 0 -- -- 6 $78.8 -- $72.3 -- 13.3 10.5

Service 3 -- -- -- -- 2 -- -- -- -- 2 -- -- 3 -- -- -- -- -- --

Telecommunications 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --

Transportation 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --

Utilities 3 -- -- -- -- 2 -- -- -- -- 1 -- -- 3 -- -- -- -- -- --

Wholesale Distribution 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Other 4 -- -- -- -- 2 -- -- -- -- 0 -- -- 4 -- -- -- -- -- --

Regions (defined in Section I - 15)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

North East Region 4 -- -- -- -- 4 -- -- -- -- 3 -- -- 4 -- -- -- -- -- --

Mid Atlantic Region 1 -- -- -- -- 1 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --

South East Region 7 $70.7 -- $65.0 -- 3 -- -- -- -- 1 -- -- 7 $74.6 -- $67.0 -- 15.9 20.0

Mississippi Valley Region 8 $90.8 -- $85.0 -- 3 -- -- -- -- 2 -- -- 8 $94.2 -- $86.6 -- 12.4 11.5

Mountain Region 8 $93.7 -- $77.0 -- 1 -- -- -- -- 0 -- -- 8 $94.0 -- $77.0 -- 13.0 11.5

Western Region 17 $81.9 $65.0 $82.0 $100.0 8 $10.5 -- $8.8 -- 5 10.0% 10.0% 17 $86.8 $70.3 $82.0 $107.0 14.0 10.0

Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt

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2013 Risk Management Compensation Survey

Employee Benefits/Workers Compensation Claims ManagerCombination of data from the Employee Benefits Manager & Workers' Compensation Claims Manager positions.

See pages 9 though 14 in Section I of this report for a detailed job description of all positions.

Cash Compensation (All dollar amounts are displayed in USD $000s)

Scope

State

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

CA 10 $79.1 $50.0 $81.0 $100.0 4 -- -- -- -- 2 -- -- 10 $83.3 $50.0 $81.0 $107.0 11.0 9.5

Cash Compensation (All dollar amounts are displayed in USD $000s)

Scope

Metro Area

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Los Angeles-Riverside-Orange County, CA 5 $79.8 -- $82.0 -- 3 -- -- -- -- 1 -- -- 5 $84.5 -- $82.0 -- 7.8 9.0

Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt

Target Bonus Total Cash Compensation Yrs. In Risk MgmtBase Salary Bonus Amount

© 2013 Risk and Insurance Management Society, Inc. (RIMS) V - 27 US Data

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2013 Risk Management Compensation Survey

Employee Benefits/Workers Compensation Claims ManagerCombination of data from the Employee Benefits Manager & Workers' Compensation Claims Manager positions.

See pages 9 though 14 in Section I of this report for a detailed job description of all positions.Respondent Characteristics

Male 24.4% Yes 15.6%

Female 68.9% No 84.4%

Did Not Indicate 6.7% Did Not Indicate 0.0%

High School/Associate Degree 22.2% Incentive Stock Options (ISOs) 14.3%

Bachelors 55.6% Non-Qualified Stock Options (NQSOs) 28.6%

MA/MS 11.1% Restricted Stock 28.6%

MBA 4.4% Stock Appreciation Rights (SARs) 0.0%

JD 0.0% Performance Shares 0.0%

MD 0.0% Performance Units 0.0%

Ph.D 0.0% Long-Term Cash 14.3%

Other 6.7% None of the Above Received 42.9%

* Only includes those eligible for LTI

Parent 60.0% Yes 62.2%

Division 11.1% No 37.8%

Subsidiary 6.7%

Single Location 8.9%

Other 13.3%

Gender Long-Term Incentive Eligible

Degree Type of Long-term Incentives Received*

Type of Organization Where Employed Supervise Individuals

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2013 Risk Management Compensation Survey

Claims Manager

Cash Compensation (All dollar amounts are displayed in USD $000s)

Scope

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

All Respondents 112 $86.9 $70.1 $85.5 $100.1 51 $15.9 $4.6 $10.0 $20.0 29 22.0% 15.0% 112 $94.1 $71.5 $87.2 $109.0 16.6 15.0

Ownership Type

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Publicly Traded 58 $92.7 $76.0 $91.3 $104.0 31 $21.5 $10.0 $17.0 $25.0 21 26.0% 20.0% 58 $104.2 $76.6 $100.0 $121.0 16.9 15.0

Private 34 $76.7 $61.0 $77.5 $89.0 17 $7.8 $3.0 $5.0 $10.0 6 14.0% 12.0% 34 $80.6 $62.0 $78.5 $91.7 14.4 12.5

Government 10 $83.9 $59.9 $82.3 $93.7 2 -- -- -- -- 1 -- -- 10 $84.5 $59.9 $82.3 $95.3 20.6 23.5

Not-for-Profit 6 $103.8 -- $95.0 -- 1 -- -- -- -- 0 -- -- 6 $104.7 -- $95.0 -- 15.4 16.0

Other 4 -- -- -- -- 0 -- -- -- -- 1 -- -- 4 -- -- -- -- -- --

Revenue

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Less than $100 Million 9 $82.5 -- $71.0 -- 3 -- -- -- -- 0 -- -- 9 $83.6 -- $72.0 -- 17.7 12.0

$100 - $250 Million 5 $79.8 -- $89.0 -- 2 -- -- -- -- 1 -- -- 5 $81.8 -- $89.0 -- 16.2 22.0

$250 - $500 Million 8 $84.0 -- $79.2 -- 4 -- -- -- -- 2 -- -- 8 $90.4 -- $82.0 -- 15.8 15.5

$500 Million - $1 Billion 8 $82.5 -- $84.0 -- 2 -- -- -- -- 1 -- -- 8 $84.2 -- $84.5 -- 17.4 17.5

$1 - $5 Billion 18 $88.3 $76.0 $90.5 $104.0 8 $9.0 -- $8.1 -- 4 -- -- 18 $92.3 $76.0 $92.0 $111.0 16.6 20.0

$5 - $10 Billion 11 $93.9 $83.0 $90.0 $102.0 8 $14.7 -- $15.0 -- 4 -- -- 11 $104.6 $88.0 $104.0 $125.0 16.3 14.0

Greater than $10 Billion 20 $104.4 $93.5 $100.1 $107.0 14 $29.1 $10.0 $20.5 $29.0 9 25.0% 12.0% 20 $124.7 $100.4 $109.3 $149.5 18.3 17.0

Degree

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

High School/Associate Degree 19 $73.0 $60.0 $70.2 $86.0 7 $6.4 -- $5.7 -- 4 -- -- 19 $75.4 $60.0 $71.9 $86.0 14.0 12.0

Bachelors 68 $89.2 $75.5 $88.3 $102.5 31 $16.5 $5.0 $15.0 $21.0 19 23.0% 20.0% 68 $96.8 $76.3 $90.5 $114.1 16.7 15.5

MA/MS 6 $94.5 -- $98.5 -- 3 -- -- -- -- 1 -- -- 6 $101.9 -- $98.5 -- 17.3 20.0

MBA 9 $92.4 -- $92.0 -- 4 -- -- -- -- 3 -- -- 9 $98.2 -- $100.0 -- 18.7 13.0

JD 2 -- -- -- -- 2 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --

Ph.D 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Supervisory Responsibility

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

No 50 $81.7 $60.0 $78.5 $100.0 20 $12.0 $3.0 $9.7 $20.0 7 29.0% 15.0% 50 $86.5 $62.0 $80.3 $101.0 14.9 14.3

1 or Fewer 17 $83.2 $77.0 $84.0 $96.0 8 $9.7 -- $8.1 -- 4 -- -- 17 $87.8 $77.0 $84.0 $104.0 13.9 13.0

From 1 to 3 14 $85.5 $72.0 $80.0 $100.2 5 $30.1 -- $11.0 -- 3 -- -- 14 $96.2 $72.2 $82.5 $104.0 15.4 14.5

From 3 to 5 8 $108.8 -- $106.0 -- 6 $22.4 -- $16.0 -- 6 32.0% 23.0% 8 $125.6 -- $116.8 -- 22.9 24.0

More than 5 14 $96.6 $86.0 $91.0 $110.0 7 $12.4 -- $10.0 -- 4 -- -- 14 $102.8 $86.0 $97.7 $116.5 19.4 20.0

Mitigates an organization’s exposure to risk by formulating, developing, and coordinating all claims-related activities, as well as resolving bona fide claims at the least possible cost through various risk transfer techniques. Directs a program to

ensure the proper and efficient handling of claims, gathering data on claims for both record keeping and loss forecasting purposes, and estimating the financial value of claims. Is also responsible for post loss reduction techniques such as

salvage, subrogation and rehabilitation.

Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt

© 2013 Risk and Insurance Management Society, Inc. (RIMS) V - 29 US Data

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2013 Risk Management Compensation Survey

Claims ManagerMitigates an organization’s exposure to risk by formulating, developing, and coordinating all claims-related activities, as well as resolving bona fide claims at the least possible cost through various risk transfer techniques. Directs a program to

ensure the proper and efficient handling of claims, gathering data on claims for both record keeping and loss forecasting purposes, and estimating the financial value of claims. Is also responsible for post loss reduction techniques such as

salvage, subrogation and rehabilitation.

Cash Compensation (All dollar amounts are displayed in USD $000s)

Scope

Industry

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Agriculture 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --

Business/Info

Services/Consulting/Legal/Accounting0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Chemical/Pharmaceutical/Biotechnology 2 -- -- -- -- 1 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --

Computer Software/Services 2 -- -- -- -- 1 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --

Construction/Engineering/Architectural 6 $89.2 -- $88.0 -- 5 $8.7 -- $6.0 -- 2 -- -- 6 $96.5 -- $95.5 -- 17.7 15.0

Education 5 $76.2 -- $71.0 -- 0 -- -- -- -- 2 -- -- 5 $76.2 -- $71.0 -- 24.2 24.0

Energy 5 $101.6 -- $102.0 -- 4 -- -- -- -- 3 -- -- 5 $131.5 -- $122.0 -- 19.4 20.0

Entertainment & Media 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --

Finance/Banking 6 $83.8 -- $81.5 -- 5 $10.2 -- $6.3 -- 0 -- -- 6 $92.3 -- $90.5 -- 12.3 11.5

Government 8 $72.0 -- $70.3 -- 2 -- -- -- -- 1 -- -- 8 $72.3 -- $70.3 -- 15.8 10.5

Healthcare 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --

Hospitality 9 $77.6 -- $65.0 -- 5 $14.3 -- $4.0 -- 4 -- -- 9 $85.5 -- $65.0 -- 12.2 8.0

Insurance 3 -- -- -- -- 2 -- -- -- -- 0 -- -- 3 -- -- -- -- -- --

Mfg - Durable (includes Aerospace,

Computer/Office Equipment, Electronics)4 -- -- -- -- 3 -- -- -- -- 1 -- -- 4 -- -- -- -- -- --

Mfg - Nondurable (includes Food, Paper & Allied

Products)3 -- -- -- -- 2 -- -- -- -- 2 -- -- 3 -- -- -- -- -- --

Mining/Milling/Smelting 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --

Not-for-Profit 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --

Real Estate 4 -- -- -- -- 1 -- -- -- -- 0 -- -- 4 -- -- -- -- -- --

Research & Development 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Retail 13 $84.7 $76.6 $80.0 $99.0 5 $12.9 -- $11.0 -- 3 -- -- 13 $89.6 $76.6 $91.0 $104.0 12.3 13.0

Service 6 $91.9 -- $93.0 -- 2 -- -- -- -- 3 -- -- 6 $94.9 -- $93.0 -- 18.3 18.0

Telecommunications 2 -- -- -- -- 0 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --

Transportation 11 $90.5 $71.0 $79.0 $100.0 5 $17.3 -- $8.1 -- 2 -- -- 11 $98.4 $72.2 $79.0 $102.0 19.1 20.0

Utilities 6 $89.7 -- $89.8 -- 4 -- -- -- -- 2 -- -- 6 $101.6 -- $98.3 -- 18.8 21.0

Wholesale Distribution 3 -- -- -- -- 1 -- -- -- -- 1 -- -- 3 -- -- -- -- -- --

Other 9 $83.8 -- $86.0 -- 2 -- -- -- -- 2 -- -- 9 $85.5 -- $86.0 -- 21.2 20.0

Regions (defined in Section I - 15)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

North East Region 10 $97.5 $78.0 $95.0 $108.8 2 -- -- -- -- 1 -- -- 10 $101.0 $78.0 $95.0 $115.1 19.9 20.0

Mid Atlantic Region 21 $91.2 $74.0 $90.0 $103.0 10 $12.7 $5.0 $13.5 $18.0 4 -- -- 21 $97.3 $74.0 $100.0 $121.0 18.8 18.0

South East Region 15 $82.8 $65.0 $84.0 $92.0 6 $22.9 -- $17.5 -- 5 16.0% 15.0% 15 $91.9 $65.0 $86.0 $107.0 15.4 13.0

Mississippi Valley Region 21 $79.6 $64.5 $80.0 $89.6 8 $8.9 -- $7.3 -- 9 15.0% 12.0% 21 $82.9 $65.0 $84.0 $91.0 16.0 14.5

Mountain Region 27 $85.0 $72.0 $80.0 $100.0 14 $19.9 $3.0 $9.1 $17.0 8 15.0% 10.0% 27 $95.3 $72.2 $85.0 $102.0 16.1 15.0

Western Region 18 $91.0 $61.0 $91.3 $106.0 11 $14.6 $3.0 $10.0 $25.0 2 -- -- 18 $99.9 $63.0 $92.2 $126.0 14.4 12.0

Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt

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2013 Risk Management Compensation Survey

Claims ManagerMitigates an organization’s exposure to risk by formulating, developing, and coordinating all claims-related activities, as well as resolving bona fide claims at the least possible cost through various risk transfer techniques. Directs a program to

ensure the proper and efficient handling of claims, gathering data on claims for both record keeping and loss forecasting purposes, and estimating the financial value of claims. Is also responsible for post loss reduction techniques such as

salvage, subrogation and rehabilitation.

Cash Compensation (All dollar amounts are displayed in USD $000s)

Scope

State

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

CA 7 $111.6 -- $106.0 -- 6 $17.5 -- $22.0 -- 1 -- -- 7 $126.6 -- $126.0 -- 16.6 20.0

FL 5 $71.5 -- $65.0 -- 1 -- -- -- -- 1 -- -- 5 $72.7 -- $65.0 -- 14.0 10.0

GA 5 $103.0 -- $92.0 -- 3 -- -- -- -- 2 -- -- 5 $122.3 -- $107.0 -- 21.8 24.0

IL 5 $92.7 -- $90.0 -- 2 -- -- -- -- 2 -- -- 5 $97.3 -- $90.0 -- 17.6 14.5

PA 7 $86.7 -- $84.0 -- 3 -- -- -- -- 1 -- -- 7 $94.4 -- $84.0 -- 18.2 18.0

TX 16 $92.0 $75.5 $93.5 $101.1 9 $26.8 -- $10.0 -- 5 17.0% 10.0% 16 $107.0 $78.0 $94.0 $122.3 17.8 20.0

VA 5 $81.3 -- $86.5 -- 3 -- -- -- -- 1 -- -- 5 $88.5 -- $86.5 -- 18.0 20.0

Cash Compensation (All dollar amounts are displayed in USD $000s)

Scope

Metro Area

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Atlanta, GA 5 $103.0 -- $92.0 -- 3 -- -- -- -- 2 -- -- 5 $122.3 -- $107.0 -- 21.8 24.0

Chicago-Gary-Kenosha, IL-IN-WI 6 $95.4 -- $99.1 -- 3 -- -- -- -- 3 -- -- 6 $100.9 -- $99.1 -- 20.7 18.8

Dallas-Fort Worth, TX 6 $93.3 -- $86.0 -- 3 -- -- -- -- 1 -- -- 6 $104.1 -- $86.0 -- 15.5 16.5

Houston-Galveston-Brazoria, TX 5 $89.9 -- $95.0 -- 4 -- -- -- -- 2 -- -- 5 $115.6 -- $100.0 -- 21.4 22.0

Philadelphia-Wilmington-Atlantic City, PA-NJ-DE-

MD4 -- -- -- -- 2 -- -- -- -- 0 -- -- 4 -- -- -- -- -- --

Washington-Baltimore, DC-MD-VA-WV 5 $110.9 -- $110.0 -- 3 -- -- -- -- 1 -- -- 5 $115.9 -- $125.0 -- 22.8 26.0

Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt

Target Bonus Total Cash Compensation Yrs. In Risk MgmtBase Salary Bonus Amount

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2013 Risk Management Compensation Survey

Claims ManagerMitigates an organization’s exposure to risk by formulating, developing, and coordinating all claims-related activities, as well as resolving bona fide claims at the least possible cost through various risk transfer techniques. Directs a program to

ensure the proper and efficient handling of claims, gathering data on claims for both record keeping and loss forecasting purposes, and estimating the financial value of claims. Is also responsible for post loss reduction techniques such as

salvage, subrogation and rehabilitation.Respondent Characteristics

Male 43.8% Yes 25.9%

Female 52.7% No 74.1%

Did Not Indicate 3.6% Did Not Indicate 0.0%

High School/Associate Degree 17.0% Incentive Stock Options (ISOs) 31.0%

Bachelors 60.7% Non-Qualified Stock Options (NQSOs) 17.2%

MA/MS 5.4% Restricted Stock 44.8%

MBA 8.0% Stock Appreciation Rights (SARs) 0.0%

JD 1.8% Performance Shares 0.0%

MD 0.0% Performance Units 3.4%

Ph.D 0.0% Long-Term Cash 13.8%

Other 7.1% None of the Above Received 6.9%

* Only includes those eligible for LTI

Parent 76.8% Yes 55.4%

Division 8.0% No 44.6%

Subsidiary 2.7%

Single Location 7.1%

Other 5.4%

Gender Long-Term Incentive Eligible

Degree Type of Long-term Incentives Received*

Type of Organization Where Employed Supervise Individuals

© 2013 Risk and Insurance Management Society, Inc. (RIMS) V - 32 US Data

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2013 Risk Management Compensation Survey

Environmental, Health or Safety Manager

Cash Compensation (All dollar amounts are displayed in USD $000s)

Scope

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

All Respondents 33 $91.6 $72.5 $94.0 $104.0 17 $17.3 $9.6 $13.0 $30.0 12 20.0% 20.0% 33 $100.5 $72.5 $96.8 $119.5 14.9 12.0

Ownership Type

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Publicly Traded 12 $89.1 $72.5 $92.0 $106.5 7 $14.7 -- $12.0 -- 6 18.0% 20.0% 12 $97.7 $74.5 $93.0 $117.3 14.1 13.0

Private 14 $95.5 $84.0 $97.6 $104.0 10 $19.1 $2.5 $15.5 $36.5 6 23.0% 23.0% 14 $109.1 $93.0 $104.0 $140.0 16.5 15.5

Government 6 $93.7 -- $88.0 -- 0 -- -- -- -- 0 -- -- 6 $93.7 -- $88.0 -- 13.2 10.5

Not-for-Profit 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --

Other 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Revenue

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Less than $100 Million 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

$100 - $250 Million 3 -- -- -- -- 1 -- -- -- -- 1 -- -- 3 -- -- -- -- -- --

$250 - $500 Million 7 $95.0 -- $95.0 -- 6 $20.1 -- $25.0 -- 4 -- -- 7 $112.2 -- $115.0 -- 19.6 17.0

$500 Million - $1 Billion 5 $74.1 -- $72.5 -- 2 -- -- -- -- 0 -- -- 5 $78.7 -- $72.5 -- 13.0 12.0

$1 - $5 Billion 4 -- -- -- -- 3 -- -- -- -- 2 -- -- 4 -- -- -- -- -- --

$5 - $10 Billion 1 -- -- -- -- 0 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --

Greater than $10 Billion 3 -- -- -- -- 1 -- -- -- -- 1 -- -- 3 -- -- -- -- -- --

Degree

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

High School/Associate Degree 3 -- -- -- -- 2 -- -- -- -- 0 -- -- 3 -- -- -- -- -- --

Bachelors 18 $87.8 $72.5 $91.5 $100.0 11 $14.9 $4.0 $12.0 $20.0 7 19.0% 20.0% 18 $96.9 $72.5 $98.4 $110.0 16.3 16.5

MA/MS 7 $108.4 -- $100.0 -- 1 -- -- -- -- 3 -- -- 7 $114.1 -- $114.0 -- 13.9 11.0

MBA 4 -- -- -- -- 2 -- -- -- -- 2 -- -- 4 -- -- -- -- -- --

JD 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Ph.D 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Supervisory Responsibility

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

No 15 $86.1 $64.0 $90.0 $106.0 6 $13.8 -- $11.5 -- 6 16.0% 20.0% 15 $91.6 $64.0 $93.0 $110.0 14.3 12.0

1 or Fewer 3 -- -- -- -- 2 -- -- -- -- 1 -- -- 3 -- -- -- -- -- --

From 1 to 3 4 -- -- -- -- 2 -- -- -- -- 0 -- -- 4 -- -- -- -- -- --

From 3 to 5 4 -- -- -- -- 2 -- -- -- -- 0 -- -- 4 -- -- -- -- -- --

More than 5 6 $105.0 -- $100.6 -- 4 -- -- -- -- 4 -- -- 6 $122.0 -- $127.6 -- 13.3 13.0

Formulates, develops, and coordinates safety and loss control functions of the organization. Designs and directs a program to reduce accidents, occupational illnesses, and exposure to long-term health hazards through safety-training of

supervisors and managers, planned inspections, skill training, first-aid care, emergency preparedness, proper job instruction, new employee indoctrination, physical protection, planned job observation, rules and practices, job

analysis/procedures, disposal procedures, and protective equipment. Maintains compliance with governmental regulatory agencies. Responsible for identifying causes of past accidents for taking corrective measures.

Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt

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2013 Risk Management Compensation Survey

Environmental, Health or Safety ManagerFormulates, develops, and coordinates safety and loss control functions of the organization. Designs and directs a program to reduce accidents, occupational illnesses, and exposure to long-term health hazards through safety-training of

supervisors and managers, planned inspections, skill training, first-aid care, emergency preparedness, proper job instruction, new employee indoctrination, physical protection, planned job observation, rules and practices, job

analysis/procedures, disposal procedures, and protective equipment. Maintains compliance with governmental regulatory agencies. Responsible for identifying causes of past accidents for taking corrective measures.

Cash Compensation (All dollar amounts are displayed in USD $000s)

Scope

Industry

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Agriculture 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Business/Info

Services/Consulting/Legal/Accounting0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Chemical/Pharmaceutical/Biotechnology 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --

Computer Software/Services 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Construction/Engineering/Architectural 1 -- -- -- -- 1 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --

Education 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --

Energy 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Entertainment & Media 2 -- -- -- -- 2 -- -- -- -- 1 -- -- 2 -- -- -- -- -- --

Finance/Banking 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Government 5 $93.2 -- $80.0 -- 0 -- -- -- -- 0 -- -- 5 $93.2 -- $80.0 -- 14.4 11.0

Healthcare 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Hospitality 3 -- -- -- -- 2 -- -- -- -- 1 -- -- 3 -- -- -- -- -- --

Insurance 2 -- -- -- -- 1 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --

Mfg - Durable (includes Aerospace,

Computer/Office Equipment, Electronics)2 -- -- -- -- 2 -- -- -- -- 2 -- -- 2 -- -- -- -- -- --

Mfg - Nondurable (includes Food, Paper & Allied

Products)6 $109.7 -- $102.6 -- 2 -- -- -- -- 3 -- -- 6 $116.5 -- $110.0 -- 16.8 16.0

Mining/Milling/Smelting 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Not-for-Profit 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Real Estate 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Research & Development 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Retail 4 -- -- -- -- 3 -- -- -- -- 2 -- -- 4 -- -- -- -- -- --

Service 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Telecommunications 2 -- -- -- -- 2 -- -- -- -- 1 -- -- 2 -- -- -- -- -- --

Transportation 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Utilities 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Wholesale Distribution 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Other 4 -- -- -- -- 2 -- -- -- -- 2 -- -- 4 -- -- -- -- -- --

Regions (defined in Section I - 15)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

North East Region 4 -- -- -- -- 4 -- -- -- -- 2 -- -- 4 -- -- -- -- -- --

Mid Atlantic Region 4 -- -- -- -- 2 -- -- -- -- 1 -- -- 4 -- -- -- -- -- --

South East Region 8 $76.1 -- $68.0 -- 4 -- -- -- -- 4 -- -- 8 $78.9 -- $68.0 -- 12.8 10.5

Mississippi Valley Region 3 -- -- -- -- 1 -- -- -- -- 2 -- -- 3 -- -- -- -- -- --

Mountain Region 7 $82.4 -- $82.0 -- 4 -- -- -- -- 3 -- -- 7 $97.2 -- $92.0 -- 13.1 12.0

Western Region 7 $103.1 -- $110.0 -- 2 -- -- -- -- 0 -- -- 7 $109.1 -- $110.0 -- 13.1 12.0

Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt

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2013 Risk Management Compensation Survey

Environmental, Health or Safety ManagerFormulates, develops, and coordinates safety and loss control functions of the organization. Designs and directs a program to reduce accidents, occupational illnesses, and exposure to long-term health hazards through safety-training of

supervisors and managers, planned inspections, skill training, first-aid care, emergency preparedness, proper job instruction, new employee indoctrination, physical protection, planned job observation, rules and practices, job

analysis/procedures, disposal procedures, and protective equipment. Maintains compliance with governmental regulatory agencies. Responsible for identifying causes of past accidents for taking corrective measures.

Cash Compensation (All dollar amounts are displayed in USD $000s)

Scope

State

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

FL 5 $74.0 -- $64.0 -- 3 -- -- -- -- 2 -- -- 5 $76.5 -- $64.0 -- 14.0 10.0

Cash Compensation (All dollar amounts are displayed in USD $000s)

Scope

Metro Area

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt

Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt

No Breakdowns Available - Insufficient Sample Size

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2013 Risk Management Compensation Survey

Environmental, Health or Safety ManagerFormulates, develops, and coordinates safety and loss control functions of the organization. Designs and directs a program to reduce accidents, occupational illnesses, and exposure to long-term health hazards through safety-training of

supervisors and managers, planned inspections, skill training, first-aid care, emergency preparedness, proper job instruction, new employee indoctrination, physical protection, planned job observation, rules and practices, job

analysis/procedures, disposal procedures, and protective equipment. Maintains compliance with governmental regulatory agencies. Responsible for identifying causes of past accidents for taking corrective measures.Respondent Characteristics

Male 78.8% Yes 30.3%

Female 21.2% No 69.7%

Did Not Indicate 0.0% Did Not Indicate 0.0%

High School/Associate Degree 9.1% Incentive Stock Options (ISOs) 20.0%

Bachelors 54.5% Non-Qualified Stock Options (NQSOs) 20.0%

MA/MS 21.2% Restricted Stock 50.0%

MBA 12.1% Stock Appreciation Rights (SARs) 0.0%

JD 0.0% Performance Shares 10.0%

MD 0.0% Performance Units 0.0%

Ph.D 0.0% Long-Term Cash 10.0%

Other 3.0% None of the Above Received 20.0%

* Only includes those eligible for LTI

Parent 57.6% Yes 54.5%

Division 24.2% No 45.5%

Subsidiary 6.1%

Single Location 6.1%

Other 6.1%

Degree Type of Long-term Incentives Received*

Type of Organization Where Employed Supervise Individuals

Gender Long-Term Incentive Eligible

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2013 Risk Management Compensation Survey

Risk Management Analyst (Enterprise-Wide)

Cash Compensation (All dollar amounts are displayed in USD $000s)

Scope

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

All Respondents 79 $76.5 $63.0 $72.5 $87.0 38 $7.7 $2.0 $4.0 $8.0 30 9.0% 10.0% 79 $80.2 $64.2 $77.5 $91.0 9.4 6.0

Ownership Type

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Publicly Traded 27 $75.4 $64.0 $75.0 $85.0 13 $9.8 $2.0 $3.4 $7.6 12 10.0% 10.0% 27 $80.1 $64.2 $78.8 $92.0 6.4 4.0

Private 25 $80.8 $65.0 $79.0 $90.0 16 $8.8 $4.0 $7.3 $11.0 16 9.0% 10.0% 25 $86.4 $66.5 $83.4 $94.6 8.6 6.0

Government 13 $73.8 $68.0 $70.0 $78.0 2 -- -- -- -- 0 -- -- 13 $74.1 $68.0 $70.0 $78.0 17.2 18.0

Not-for-Profit 10 $75.8 $62.0 $75.0 $88.0 5 $3.2 -- $2.5 -- 2 -- -- 10 $77.4 $65.0 $75.2 $90.5 9.3 8.0

Other 4 -- -- -- -- 2 -- -- -- -- 0 -- -- 4 -- -- -- -- -- --

Revenue

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Less than $100 Million 5 $66.9 -- $52.0 -- 3 -- -- -- -- 3 -- -- 5 $69.5 -- $52.0 -- 7.9 3.5

$100 - $250 Million 7 $77.3 -- $79.7 -- 2 -- -- -- -- 1 -- -- 7 $78.9 -- $79.7 -- 15.6 14.0

$250 - $500 Million 5 $76.1 -- $72.0 -- 3 -- -- -- -- 1 -- -- 5 $78.9 -- $72.0 -- 5.8 6.0

$500 Million - $1 Billion 9 $72.3 -- $72.0 -- 7 $4.1 -- $2.5 -- 6 8.0% 9.0% 9 $75.5 -- $72.6 -- 6.3 5.0

$1 - $5 Billion 23 $84.5 $63.0 $79.0 $92.0 11 $6.8 $2.3 $3.5 $8.6 9 8.0% 9.0% 23 $87.8 $63.5 $81.0 $94.6 7.7 5.0

$5 - $10 Billion 10 $72.8 $52.0 $74.0 $90.0 5 $9.2 -- $7.6 -- 4 -- -- 10 $77.4 $52.0 $74.0 $97.6 8.2 5.5

Greater than $10 Billion 6 $78.2 -- $77.2 -- 2 -- -- -- -- 4 -- -- 6 $81.5 -- $83.5 -- 12.2 10.0

Degree

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

High School/Associate Degree 8 $69.8 -- $68.8 -- 2 -- -- -- -- 0 -- -- 8 $71.5 -- $71.1 -- 12.5 14.0

Bachelors 41 $72.6 $60.0 $70.0 $88.0 22 $8.1 $2.0 $3.5 $8.0 18 10.0% 10.0% 41 $77.0 $60.9 $72.0 $90.4 9.5 8.0

MA/MS 4 -- -- -- -- 3 -- -- -- -- 2 -- -- 4 -- -- -- -- -- --

MBA 18 $80.5 $72.0 $80.0 $88.0 10 $5.4 $1.6 $3.8 $8.6 8 9.0% 10.0% 18 $83.5 $72.0 $80.5 $92.0 6.0 5.0

JD 2 -- -- -- -- 1 -- -- -- -- 1 -- -- 2 -- -- -- -- -- --

Ph.D 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --

Supervisory Responsibility

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

No 59 $72.0 $58.0 $71.0 $83.0 26 $7.4 $2.0 $3.5 $8.0 20 8.0% 9.0% 59 $75.3 $60.0 $72.0 $88.0 8.6 6.0

1 or Fewer 9 $96.4 -- $90.0 -- 7 $9.5 -- $5.0 -- 5 13.0% 10.0% 9 $103.8 -- $90.0 -- 10.7 8.0

From 1 to 3 10 $86.2 $72.0 $80.2 $88.0 4 -- -- -- -- 4 -- -- 10 $88.4 $72.0 $84.2 $94.6 12.3 8.0

From 3 to 5 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

More than 5 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --

Supports the risk manager regarding all aspects of the enterprise-wide risk management program. Responsibilities include facilitating the identification of risks throughout the organization, developing, reporting and monitoring formats on risk

management issues and developing methodologies for the assessment of risks throughout the organization.

Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt

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2013 Risk Management Compensation Survey

Risk Management Analyst (Enterprise-Wide)Supports the risk manager regarding all aspects of the enterprise-wide risk management program. Responsibilities include facilitating the identification of risks throughout the organization, developing, reporting and monitoring formats on risk

management issues and developing methodologies for the assessment of risks throughout the organization.Cash Compensation (All dollar amounts are displayed in USD $000s)

Scope

Industry

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Agriculture 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --

Business/Info

Services/Consulting/Legal/Accounting0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Chemical/Pharmaceutical/Biotechnology 5 $102.8 -- $79.0 -- 5 $10.4 -- $4.4 -- 2 -- -- 5 $113.2 -- $83.4 -- 10.3 6.0

Computer Software/Services 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --

Construction/Engineering/Architectural 3 -- -- -- -- 3 -- -- -- -- 2 -- -- 3 -- -- -- -- -- --

Education 3 -- -- -- -- 0 -- -- -- -- 0 -- -- 3 -- -- -- -- -- --

Energy 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --

Entertainment & Media 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Finance/Banking 6 $82.2 -- $83.3 -- 3 -- -- -- -- 2 -- -- 6 $84.7 -- $84.0 -- 9.8 9.0

Government 7 $69.8 -- $70.0 -- 0 -- -- -- -- 0 -- -- 7 $69.8 -- $70.0 -- 18.6 19.0

Healthcare 3 -- -- -- -- 1 -- -- -- -- 0 -- -- 3 -- -- -- -- -- --

Hospitality 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --

Insurance 9 $77.1 -- $78.8 -- 5 $4.7 -- $3.0 -- 6 9.0% 10.0% 9 $79.7 -- $78.8 -- 7.0 5.0

Mfg - Durable (includes Aerospace,

Computer/Office Equipment, Electronics)4 -- -- -- -- 1 -- -- -- -- 2 -- -- 4 -- -- -- -- -- --

Mfg - Nondurable (includes Food, Paper & Allied

Products)3 -- -- -- -- 3 -- -- -- -- 2 -- -- 3 -- -- -- -- -- --

Mining/Milling/Smelting 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Not-for-Profit 3 -- -- -- -- 1 -- -- -- -- 0 -- -- 3 -- -- -- -- -- --

Real Estate 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --

Research & Development 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Retail 7 $68.2 -- $66.5 -- 4 -- -- -- -- 6 9.0% 8.0% 7 $71.4 -- $77.0 -- 6.7 4.0

Service 3 -- -- -- -- 1 -- -- -- -- 2 -- -- 3 -- -- -- -- -- --

Telecommunications 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Transportation 2 -- -- -- -- 1 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --

Utilities 10 $84.1 $60.0 $77.0 $103.0 4 -- -- -- -- 2 -- -- 10 $85.9 $63.0 $81.1 $103.0 8.0 5.5

Wholesale Distribution 3 -- -- -- -- 0 -- -- -- -- 0 -- -- 3 -- -- -- -- -- --

Other 3 -- -- -- -- 3 -- -- -- -- 1 -- -- 3 -- -- -- -- -- --

Regions (defined in Section I - 15)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

North East Region 5 $71.8 -- $70.0 -- 1 -- -- -- -- 0 -- -- 5 $72.2 -- $72.0 -- 4.2 3.0

Mid Atlantic Region 13 $76.1 $62.5 $79.0 $90.0 8 $6.2 -- $4.0 -- 5 11.0% 8.0% 13 $79.9 $63.5 $83.4 $93.3 8.8 8.0

South East Region 12 $62.7 $50.8 $65.0 $71.5 6 $15.5 -- $5.5 -- 5 8.0% 10.0% 12 $70.4 $50.8 $66.5 $80.3 9.3 6.0

Mississippi Valley Region 16 $75.4 $66.5 $75.0 $85.0 8 $5.7 -- $5.0 -- 8 10.0% 10.0% 16 $78.3 $70.0 $75.2 $88.7 7.8 6.0

Mountain Region 16 $82.1 $63.5 $75.8 $88.0 8 $9.7 -- $8.2 -- 7 8.0% 10.0% 16 $86.9 $64.8 $78.4 $94.3 10.8 11.5

Western Region 17 $83.8 $70.0 $79.7 $90.0 7 $3.4 -- $2.5 -- 5 9.0% 10.0% 17 $85.2 $70.0 $79.7 $91.0 11.8 10.0

Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt

© 2013 Risk and Insurance Management Society, Inc. (RIMS) V - 38 US Data

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2013 Risk Management Compensation Survey

Risk Management Analyst (Enterprise-Wide)Supports the risk manager regarding all aspects of the enterprise-wide risk management program. Responsibilities include facilitating the identification of risks throughout the organization, developing, reporting and monitoring formats on risk

management issues and developing methodologies for the assessment of risks throughout the organization.Cash Compensation (All dollar amounts are displayed in USD $000s)

Scope

State

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

CA 6 $74.7 -- $77.4 -- 3 -- -- -- -- 4 -- -- 6 $76.2 -- $78.6 -- 9.5 5.0

CO 5 $70.4 -- $64.0 -- 2 -- -- -- -- 1 -- -- 5 $71.9 -- $70.4 -- 11.1 10.0

OR 7 $86.0 -- $72.5 -- 3 -- -- -- -- 1 -- -- 7 $87.0 -- $74.1 -- 12.6 12.0

PA 7 $72.0 -- $75.0 -- 5 $3.5 -- $3.5 -- 3 -- -- 7 $74.5 -- $81.0 -- 7.1 6.0

TX 9 $94.0 -- $85.0 -- 6 $11.7 -- $10.5 -- 6 8.0% 10.0% 9 $101.8 -- $85.0 -- 10.3 13.0

Cash Compensation (All dollar amounts are displayed in USD $000s)

Scope

Metro Area

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Denver-Boulder-Greeley, CO 5 $70.4 -- $64.0 -- 2 -- -- -- -- 1 -- -- 5 $71.9 -- $70.4 -- 11.1 10.0

Houston-Galveston-Brazoria, TX 5 $111.2 -- $91.0 -- 4 -- -- -- -- 4 -- -- 5 $121.7 -- $102.0 -- 11.3 13.0

Philadelphia-Wilmington-Atlantic City, PA-NJ-DE-

MD5 $72.3 -- $75.0 -- 3 -- -- -- -- 3 -- -- 5 $75.0 -- $81.0 -- 9.0 8.0

Portland-Salem, OR-WA 6 $88.9 -- $81.3 -- 3 -- -- -- -- 1 -- -- 6 $90.1 -- $82.1 -- 13.0 13.0

Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt

Target Bonus Total Cash Compensation Yrs. In Risk MgmtBase Salary Bonus Amount

© 2013 Risk and Insurance Management Society, Inc. (RIMS) V - 39 US Data

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2013 Risk Management Compensation Survey

Risk Management Analyst (Enterprise-Wide)Supports the risk manager regarding all aspects of the enterprise-wide risk management program. Responsibilities include facilitating the identification of risks throughout the organization, developing, reporting and monitoring formats on risk

management issues and developing methodologies for the assessment of risks throughout the organization.Respondent Characteristics

Male 40.5% Yes 6.3%

Female 57.0% No 93.7%

Did Not Indicate 2.5% Did Not Indicate 0.0%

High School/Associate Degree 10.1% Incentive Stock Options (ISOs) 40.0%

Bachelors 51.9% Non-Qualified Stock Options (NQSOs) 0.0%

MA/MS 5.1% Restricted Stock 40.0%

MBA 22.8% Stock Appreciation Rights (SARs) 0.0%

JD 2.5% Performance Shares 0.0%

MD 0.0% Performance Units 0.0%

Ph.D 1.3% Long-Term Cash 0.0%

Other 6.3% None of the Above Received 20.0%

* Only includes those eligible for LTI

Parent 69.6% Yes 25.3%

Division 12.7% No 74.7%

Subsidiary 1.3%

Single Location 7.6%

Other 8.9%

Gender Long-Term Incentive Eligible

Degree Type of Long-term Incentives Received*

Type of Organization Where Employed Supervise Individuals

© 2013 Risk and Insurance Management Society, Inc. (RIMS) V - 40 US Data

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2013 Risk Management Compensation Survey

Risk Management Analyst

Cash Compensation (All dollar amounts are displayed in USD $000s)

Scope

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

All Respondents 202 $69.6 $57.0 $67.9 $80.0 103 $6.0 $2.2 $4.0 $7.4 46 12.0% 10.0% 202 $72.7 $58.0 $71.0 $82.0 9.8 8.0

Ownership Type

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Publicly Traded 104 $70.3 $57.0 $68.0 $80.0 54 $7.2 $3.0 $4.8 $8.0 25 10.0% 10.0% 104 $74.0 $59.0 $71.8 $83.7 9.3 7.0

Private 58 $66.5 $55.0 $64.8 $73.0 38 $5.1 $1.8 $3.7 $6.0 20 13.0% 10.0% 58 $69.8 $57.5 $67.0 $78.9 8.8 8.0

Government 22 $68.6 $62.4 $70.8 $78.0 0 -- -- -- -- 0 -- -- 22 $68.6 $62.4 $70.8 $78.0 11.8 10.0

Not-for-Profit 15 $74.8 $55.0 $82.0 $91.1 9 $2.1 -- $1.8 -- 1 -- -- 15 $76.1 $56.4 $82.0 $91.1 13.3 12.0

Other 3 -- -- -- -- 2 -- -- -- -- 0 -- -- 3 -- -- -- -- -- --

Revenue

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Less than $100 Million 8 $71.2 -- $67.3 -- 6 $5.0 -- $3.3 -- 4 -- -- 8 $74.9 -- $70.6 -- 10.1 8.0

$100 - $250 Million 8 $74.2 -- $71.9 -- 4 -- -- -- -- 2 -- -- 8 $78.8 -- $78.0 -- 11.7 11.5

$250 - $500 Million 14 $63.8 $52.0 $59.0 $70.0 7 $5.2 -- $5.8 -- 4 -- -- 14 $66.4 $52.0 $61.2 $77.5 11.4 8.0

$500 Million - $1 Billion 24 $65.6 $52.7 $64.0 $70.8 10 $4.0 $1.7 $3.3 $5.0 4 -- -- 24 $67.2 $54.9 $64.0 $73.5 9.0 8.0

$1 - $5 Billion 50 $73.7 $64.0 $74.2 $84.0 26 $4.3 $2.4 $4.3 $5.0 15 10.0% 10.0% 50 $75.9 $65.0 $75.5 $85.0 10.5 8.8

$5 - $10 Billion 25 $64.5 $54.0 $62.0 $72.0 13 $6.3 $1.0 $2.4 $3.5 5 11.0% 10.0% 25 $67.8 $56.0 $64.5 $72.5 9.1 8.0

Greater than $10 Billion 36 $77.9 $66.4 $74.0 $89.3 21 $8.4 $3.5 $6.0 $13.5 9 14.0% 15.0% 36 $82.8 $68.6 $78.7 $95.2 8.9 7.5

Degree

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

High School/Associate Degree 34 $67.5 $55.0 $65.8 $76.0 14 $5.7 $2.0 $5.7 $8.0 2 -- -- 34 $69.8 $56.0 $69.0 $81.0 13.0 11.0

Bachelors 118 $69.1 $56.0 $67.1 $78.0 62 $5.9 $1.9 $3.5 $7.0 28 11.0% 10.0% 118 $72.2 $57.2 $69.0 $81.4 9.4 8.5

MA/MS 15 $70.8 $67.0 $72.0 $78.0 9 $6.2 -- $4.5 -- 4 -- -- 15 $74.5 $72.0 $76.5 $79.0 9.6 7.0

MBA 21 $78.4 $65.0 $80.0 $90.0 13 $7.6 $5.0 $5.3 $9.5 10 15.0% 13.0% 21 $83.2 $70.0 $80.0 $97.0 8.5 6.0

JD 6 $73.7 -- $74.5 -- 2 -- -- -- -- 1 -- -- 6 $74.6 -- $74.5 -- 6.2 5.0

Ph.D 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Supervisory Responsibility

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

No 186 $69.1 $56.0 $67.5 $79.2 94 $5.8 $2.0 $4.0 $7.0 41 11.0% 10.0% 186 $72.0 $57.5 $70.0 $81.4 9.7 8.0

1 or Fewer 11 $74.9 $63.0 $69.0 $82.0 7 $8.0 -- $2.5 -- 4 -- -- 11 $80.0 $63.0 $78.0 $87.0 11.2 10.0

From 1 to 3 3 -- -- -- -- 1 -- -- -- -- 1 -- -- 3 -- -- -- -- -- --

From 3 to 5 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

More than 5 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Supports the risk manager regarding all aspects of a financial risk management and/or corporate insurance program. Responsibilities include the development, implementation and application of risk metrics and methodologies and the

monitoring, analysis and reporting of financial risk exposures. Responsibilities may also include compilation of underwriting information and coverage placement, claims administration, loss forecasting, and analysis to assist in loss reduction.

Supports organizational compliance with risk policies through regular risk exposure monitoring and reporting. Responsible for documenting and reporting risk policy exceptions to risk committee.

Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt

© 2013 Risk and Insurance Management Society, Inc. (RIMS) V - 41 US Data

Page 134: 2013 Risk Management Compensation Survey - RIMS

2013 Risk Management Compensation Survey

Risk Management AnalystSupports the risk manager regarding all aspects of a financial risk management and/or corporate insurance program. Responsibilities include the development, implementation and application of risk metrics and methodologies and the

monitoring, analysis and reporting of financial risk exposures. Responsibilities may also include compilation of underwriting information and coverage placement, claims administration, loss forecasting, and analysis to assist in loss reduction.

Supports organizational compliance with risk policies through regular risk exposure monitoring and reporting. Responsible for documenting and reporting risk policy exceptions to risk committee.

Cash Compensation (All dollar amounts are displayed in USD $000s)

Scope

Industry

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Agriculture 1 -- -- -- -- 1 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --

Business/Info

Services/Consulting/Legal/Accounting1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --

Chemical/Pharmaceutical/Biotechnology 12 $82.4 $67.5 $76.8 $95.8 11 $4.4 $0.9 $3.0 $5.0 6 7.0% 7.0% 12 $86.5 $70.8 $79.7 $98.3 8.6 8.3

Computer Software/Services 5 $78.3 -- $76.5 -- 2 -- -- -- -- 0 -- -- 5 $79.9 -- $78.9 -- 14.2 13.0

Construction/Engineering/Architectural 7 $68.7 -- $70.0 -- 4 -- -- -- -- 2 -- -- 7 $71.4 -- $72.0 -- 5.6 5.0

Education 6 $69.5 -- $63.9 -- 1 -- -- -- -- 1 -- -- 6 $72.0 -- $63.9 -- 8.8 7.5

Energy 17 $73.2 $64.0 $71.5 $82.0 12 $7.9 $2.0 $6.5 $12.5 7 13.0% 10.0% 17 $78.8 $68.0 $72.0 $88.1 9.1 6.5

Entertainment & Media 3 -- -- -- -- 2 -- -- -- -- 1 -- -- 3 -- -- -- -- -- --

Finance/Banking 9 $71.3 -- $68.0 -- 6 $3.4 -- $3.0 -- 0 -- -- 9 $73.5 -- $76.0 -- 11.8 10.0

Government 11 $67.0 $62.0 $69.0 $76.0 0 -- -- -- -- 0 -- -- 11 $67.0 $62.0 $69.0 $76.0 12.5 13.0

Healthcare 9 $71.0 -- $73.0 -- 6 $4.1 -- $3.7 -- 1 -- -- 9 $73.8 -- $78.9 -- 10.8 12.0

Hospitality 4 -- -- -- -- 3 -- -- -- -- 3 -- -- 4 -- -- -- -- -- --

Insurance 8 $73.3 -- $70.0 -- 3 -- -- -- -- 1 -- -- 8 $75.1 -- $73.8 -- 10.9 6.5

Mfg - Durable (includes Aerospace,

Computer/Office Equipment, Electronics)23 $66.6 $54.6 $62.0 $77.0 10 $7.2 $2.4 $3.9 $8.8 4 -- -- 23 $69.7 $57.0 $70.9 $78.0 9.7 6.5

Mfg - Nondurable (includes Food, Paper & Allied

Products)7 $58.6 -- $54.0 -- 2 -- -- -- -- 1 -- -- 7 $59.8 -- $56.0 -- 6.0 4.0

Mining/Milling/Smelting 3 -- -- -- -- 0 -- -- -- -- 0 -- -- 3 -- -- -- -- -- --

Not-for-Profit 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --

Real Estate 10 $53.6 $48.0 $54.5 $57.2 4 -- -- -- -- 2 -- -- 10 $56.9 $48.0 $56.6 $61.0 7.2 6.0

Research & Development 2 -- -- -- -- 2 -- -- -- -- 1 -- -- 2 -- -- -- -- -- --

Retail 7 $62.0 -- $62.9 -- 4 -- -- -- -- 1 -- -- 7 $63.8 -- $62.9 -- 9.7 10.0

Service 4 -- -- -- -- 2 -- -- -- -- 0 -- -- 4 -- -- -- -- -- --

Telecommunications 7 $60.3 -- $61.4 -- 2 -- -- -- -- 2 -- -- 7 $61.4 -- $63.9 -- 6.6 8.0

Transportation 15 $69.5 $52.0 $66.0 $80.0 7 $13.4 -- $7.0 -- 3 -- -- 15 $75.8 $62.0 $78.0 $97.0 11.3 10.0

Utilities 15 $75.6 $58.0 $70.0 $92.8 9 $5.4 -- $4.8 -- 4 -- -- 15 $78.9 $58.0 $77.8 $99.0 8.5 8.0

Wholesale Distribution 3 -- -- -- -- 1 -- -- -- -- 0 -- -- 3 -- -- -- -- -- --

Other 12 $73.2 $66.5 $74.5 $81.0 9 $5.6 -- $5.0 -- 6 9.0% 10.0% 12 $77.4 $69.0 $76.3 $90.5 11.1 11.0

Regions (defined in Section I - 15)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

North East Region 18 $82.5 $70.0 $81.5 $87.0 13 $4.4 $1.8 $3.0 $7.5 5 13.0% 10.0% 18 $85.7 $77.0 $83.0 $95.3 11.8 8.3

Mid Atlantic Region 31 $69.8 $57.7 $69.0 $76.0 17 $7.8 $3.5 $5.0 $7.4 5 12.0% 10.0% 31 $74.1 $61.0 $72.0 $81.4 9.0 7.0

South East Region 30 $64.4 $54.0 $62.1 $71.5 18 $4.6 $2.0 $3.4 $6.4 4 -- -- 30 $67.2 $56.0 $65.5 $73.4 8.1 9.0

Mississippi Valley Region 43 $64.6 $52.0 $64.5 $72.5 19 $5.7 $1.9 $3.5 $8.0 9 11.0% 10.0% 43 $67.1 $52.0 $64.5 $76.0 11.4 9.0

Mountain Region 41 $70.7 $57.0 $69.0 $80.0 19 $6.0 $2.5 $4.7 $8.0 13 12.0% 10.0% 41 $73.5 $61.0 $70.0 $80.0 8.8 7.0

Western Region 39 $72.0 $61.0 $69.0 $82.0 17 $7.1 $2.5 $4.0 $6.0 10 12.0% 10.0% 39 $75.1 $62.3 $72.0 $88.1 9.9 8.5

Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt

© 2013 Risk and Insurance Management Society, Inc. (RIMS) V - 42 US Data

Page 135: 2013 Risk Management Compensation Survey - RIMS

2013 Risk Management Compensation Survey

Risk Management AnalystSupports the risk manager regarding all aspects of a financial risk management and/or corporate insurance program. Responsibilities include the development, implementation and application of risk metrics and methodologies and the

monitoring, analysis and reporting of financial risk exposures. Responsibilities may also include compilation of underwriting information and coverage placement, claims administration, loss forecasting, and analysis to assist in loss reduction.

Supports organizational compliance with risk policies through regular risk exposure monitoring and reporting. Responsible for documenting and reporting risk policy exceptions to risk committee.

Cash Compensation (All dollar amounts are displayed in USD $000s)

Scope

State

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

CA 20 $78.7 $67.1 $76.5 $86.8 9 $5.5 -- $4.3 -- 5 10.0% 10.0% 20 $81.2 $67.3 $78.5 $90.2 12.1 11.0

CO 8 $63.5 -- $63.2 -- 4 -- -- -- -- 4 -- -- 8 $65.2 -- $66.2 -- 9.6 7.3

FL 11 $68.6 $55.0 $71.5 $80.0 5 $3.2 -- $2.0 -- 0 -- -- 11 $70.1 $56.0 $71.5 $80.0 8.4 8.0

GA 9 $62.8 -- $62.1 -- 7 $4.9 -- $3.8 -- 3 -- -- 9 $66.6 -- $68.0 -- 8.4 9.0

IL 9 $63.2 -- $57.2 -- 3 -- -- -- -- 1 -- -- 9 $64.2 -- $57.2 -- 11.1 13.0

MI 6 $64.2 -- $67.9 -- 3 -- -- -- -- 1 -- -- 6 $66.8 -- $68.8 -- 5.7 5.3

MN 6 $75.5 -- $73.7 -- 4 -- -- -- -- 2 -- -- 6 $83.6 -- $80.5 -- 11.7 9.5

NC 8 $61.9 -- $62.2 -- 4 -- -- -- -- 1 -- -- 8 $64.5 -- $62.2 -- 10.0 11.0

NY 7 $86.4 -- $86.0 -- 6 $5.1 -- $4.3 -- 2 -- -- 7 $90.8 -- $89.5 -- 10.1 8.0

OH 8 $62.4 -- $62.5 -- 3 -- -- -- -- 2 -- -- 8 $63.4 -- $62.9 -- 15.3 14.5

PA 12 $68.9 $59.4 $70.0 $73.5 7 $9.1 -- $5.3 -- 1 -- -- 12 $74.2 $64.6 $72.6 $80.0 7.3 7.0

TN 6 $58.8 -- $54.3 -- 4 -- -- -- -- 1 -- -- 6 $61.7 -- $56.3 -- 4.3 4.5

TX 27 $73.3 $60.0 $71.5 $83.0 12 $7.3 $3.3 $5.0 $9.0 7 13.0% 10.0% 27 $76.6 $62.0 $72.0 $93.0 8.6 7.0

VA 5 $77.2 -- $72.0 -- 3 -- -- -- -- 2 -- -- 5 $82.9 -- $87.0 -- 12.9 10.0

WA 6 $68.7 -- $62.7 -- 2 -- -- -- -- 1 -- -- 6 $78.2 -- $74.0 -- 7.9 8.3

WI 8 $62.5 -- $58.3 -- 3 -- -- -- -- 3 -- -- 8 $63.9 -- $60.8 -- 8.9 3.5

Cash Compensation (All dollar amounts are displayed in USD $000s)

Scope

Metro Area

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Atlanta, GA 9 $62.8 -- $62.1 -- 7 $4.9 -- $3.8 -- 3 -- -- 9 $66.6 -- $68.0 -- 8.4 9.0

Chicago-Gary-Kenosha, IL-IN-WI 9 $63.8 -- $57.2 -- 2 -- -- -- -- 1 -- -- 9 $64.7 -- $57.2 -- 11.7 13.0

Cleveland-Akron, OH 5 $62.2 -- $60.0 -- 2 -- -- -- -- 1 -- -- 5 $63.6 -- $60.5 -- 14.9 14.0

Dallas-Fort Worth, TX 8 $68.8 -- $69.0 -- 2 -- -- -- -- 0 -- -- 8 $69.8 -- $71.0 -- 9.3 8.5

Denver-Boulder-Greeley, CO 7 $65.1 -- $65.0 -- 4 -- -- -- -- 4 -- -- 7 $67.0 -- $68.5 -- 10.1 8.5

Houston-Galveston-Brazoria, TX 16 $72.2 $56.5 $68.9 $81.0 9 $7.7 -- $5.0 -- 7 13.0% 10.0% 16 $76.5 $59.0 $69.8 $89.0 8.7 6.5

Los Angeles-Riverside-Orange County, CA 8 $69.6 -- $70.5 -- 4 -- -- -- -- 2 -- -- 8 $72.7 -- $73.6 -- 13.6 11.0

Minneapolis-St. Paul, MN-WI 6 $75.5 -- $73.7 -- 4 -- -- -- -- 2 -- -- 6 $83.6 -- $80.5 -- 11.7 9.5

New York-Northern New Jersey-Long Island, NY-

NJ-CT-PA13 $83.8 $77.0 $83.0 $87.0 10 $4.2 $1.8 $3.3 $7.5 4 -- -- 13 $87.0 $77.5 $83.0 $95.3 10.0 8.0

Philadelphia-Wilmington-Atlantic City, PA-NJ-DE-

MD7 $67.4 -- $72.0 -- 3 -- -- -- -- 0 -- -- 7 $69.6 -- $72.0 -- 8.3 8.0

Raleigh-Durham-Chapel Hill, NC 6 $64.5 -- $68.5 -- 4 -- -- -- -- 1 -- -- 6 $67.9 -- $70.9 -- 11.3 13.5

San Francisco-Oakland-San Jose, CA 9 $85.2 -- $85.0 -- 4 -- -- -- -- 3 -- -- 9 $87.7 -- $88.5 -- 12.3 12.0

Washington-Baltimore, DC-MD-VA-WV 9 $80.0 -- $80.0 -- 6 $8.1 -- $4.4 -- 3 -- -- 9 $85.3 -- $87.0 -- 8.5 6.5

Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt

Target Bonus Total Cash Compensation Yrs. In Risk MgmtBase Salary Bonus Amount

© 2013 Risk and Insurance Management Society, Inc. (RIMS) V - 43 US Data

Page 136: 2013 Risk Management Compensation Survey - RIMS

2013 Risk Management Compensation Survey

Risk Management AnalystSupports the risk manager regarding all aspects of a financial risk management and/or corporate insurance program. Responsibilities include the development, implementation and application of risk metrics and methodologies and the

monitoring, analysis and reporting of financial risk exposures. Responsibilities may also include compilation of underwriting information and coverage placement, claims administration, loss forecasting, and analysis to assist in loss reduction.

Supports organizational compliance with risk policies through regular risk exposure monitoring and reporting. Responsible for documenting and reporting risk policy exceptions to risk committee.

Respondent Characteristics

Male 26.2% Yes 11.4%

Female 71.3% No 88.6%

Did Not Indicate 2.5% Did Not Indicate 0.0%

High School/Associate Degree 16.8% Incentive Stock Options (ISOs) 26.1%

Bachelors 58.4% Non-Qualified Stock Options (NQSOs) 17.4%

MA/MS 7.4% Restricted Stock 43.5%

MBA 10.4% Stock Appreciation Rights (SARs) 8.7%

JD 3.0% Performance Shares 8.7%

MD 0.0% Performance Units 8.7%

Ph.D 0.0% Long-Term Cash 8.7%

Other 4.0% None of the Above Received 0.0%

* Only includes those eligible for LTI

Parent 74.8% Yes 7.9%

Division 9.4% No 92.1%

Subsidiary 6.4%

Single Location 4.0%

Other 5.4%

Gender Long-Term Incentive Eligible

Degree Type of Long-term Incentives Received*

Type of Organization Where Employed Supervise Individuals

© 2013 Risk and Insurance Management Society, Inc. (RIMS) V - 44 US Data

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2013 Risk Management Compensation Survey

Claims Analyst

Cash Compensation (All dollar amounts are displayed in USD $000s)

Scope

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

All Respondents 15 $64.2 $49.0 $63.0 $80.0 7 $4.5 -- $1.2 -- 5 24.0% 10.0% 15 $66.3 $49.0 $63.8 $80.0 9.3 5.0

Ownership Type

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Publicly Traded 9 $67.0 -- $72.5 -- 4 -- -- -- -- 4 -- -- 9 $70.2 -- $72.5 -- 9.6 5.0

Private 1 -- -- -- -- 1 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --

Government 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --

Not-for-Profit 4 -- -- -- -- 2 -- -- -- -- 1 -- -- 4 -- -- -- -- -- --

Other 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Revenue

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Less than $100 Million 2 -- -- -- -- 0 -- -- -- -- 1 -- -- 2 -- -- -- -- -- --

$100 - $250 Million 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

$250 - $500 Million 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

$500 Million - $1 Billion 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --

$1 - $5 Billion 2 -- -- -- -- 1 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --

$5 - $10 Billion 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --

Greater than $10 Billion 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Degree

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

High School/Associate Degree 3 -- -- -- -- 2 -- -- -- -- 1 -- -- 3 -- -- -- -- -- --

Bachelors 9 $59.9 -- $50.0 -- 4 -- -- -- -- 3 -- -- 9 $62.2 -- $50.0 -- 6.1 4.5

MA/MS 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

MBA 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --

JD 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --

Ph.D 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Supervisory Responsibility

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

No 15 $64.2 $49.0 $63.0 $80.0 7 $4.5 -- $1.2 -- 5 24.0% 10.0% 15 $66.3 $49.0 $63.8 $80.0 9.3 5.0

1 or Fewer 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

From 1 to 3 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

From 3 to 5 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

More than 5 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Reviews first and third party claims for irregularities, accuracy and completeness. Requests additional information, where necessary, for completion of claim processing. Reviews claims for eligibility. Maintains updated records and prepares

required reports. Assists in claims cost control. Performs the design, analysis and delivery of claim information. Contacts individuals about claims and coordinates the handling of benefits. This role focuses on operational effectiveness in

support of claims management strategies. Understands and performs domestic and/or international claim programs, policies, and procedures for: reporting, investigation, and analysis; litigation management; resolution/outcome

management; and the delivery of claim information. Handles mostly routine non-complex claims but, may handle litigated and moderately complex claims with limited settlement authority.

Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt

© 2013 Risk and Insurance Management Society, Inc. (RIMS) V - 45 US Data

Page 138: 2013 Risk Management Compensation Survey - RIMS

2013 Risk Management Compensation Survey

Claims AnalystReviews first and third party claims for irregularities, accuracy and completeness. Requests additional information, where necessary, for completion of claim processing. Reviews claims for eligibility. Maintains updated records and prepares

required reports. Assists in claims cost control. Performs the design, analysis and delivery of claim information. Contacts individuals about claims and coordinates the handling of benefits. This role focuses on operational effectiveness in

support of claims management strategies. Understands and performs domestic and/or international claim programs, policies, and procedures for: reporting, investigation, and analysis; litigation management; resolution/outcome

management; and the delivery of claim information. Handles mostly routine non-complex claims but, may handle litigated and moderately complex claims with limited settlement authority.

Cash Compensation (All dollar amounts are displayed in USD $000s)

Scope

Industry

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Agriculture 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Business/Info

Services/Consulting/Legal/Accounting1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --

Chemical/Pharmaceutical/Biotechnology 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Computer Software/Services 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Construction/Engineering/Architectural 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Education 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Energy 2 -- -- -- -- 1 -- -- -- -- 1 -- -- 2 -- -- -- -- -- --

Entertainment & Media 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Finance/Banking 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Government 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --

Healthcare 3 -- -- -- -- 2 -- -- -- -- 0 -- -- 3 -- -- -- -- -- --

Hospitality 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Insurance 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Mfg - Durable (includes Aerospace,

Computer/Office Equipment, Electronics)0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Mfg - Nondurable (includes Food, Paper & Allied

Products)0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Mining/Milling/Smelting 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Not-for-Profit 1 -- -- -- -- 0 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --

Real Estate 1 -- -- -- -- 0 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --

Research & Development 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Retail 2 -- -- -- -- 2 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --

Service 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Telecommunications 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Transportation 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Utilities 3 -- -- -- -- 2 -- -- -- -- 2 -- -- 3 -- -- -- -- -- --

Wholesale Distribution 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Other 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --

Regions (defined in Section I - 15)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

North East Region 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Mid Atlantic Region 2 -- -- -- -- 1 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --

South East Region 3 -- -- -- -- 2 -- -- -- -- 3 -- -- 3 -- -- -- -- -- --

Mississippi Valley Region 1 -- -- -- -- 1 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --

Mountain Region 5 $61.5 -- $53.0 -- 1 -- -- -- -- 2 -- -- 5 $61.8 -- $54.5 -- 9.7 4.5

Western Region 4 -- -- -- -- 2 -- -- -- -- 0 -- -- 4 -- -- -- -- -- --

Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt

© 2013 Risk and Insurance Management Society, Inc. (RIMS) V - 46 US Data

Page 139: 2013 Risk Management Compensation Survey - RIMS

2013 Risk Management Compensation Survey

Claims AnalystReviews first and third party claims for irregularities, accuracy and completeness. Requests additional information, where necessary, for completion of claim processing. Reviews claims for eligibility. Maintains updated records and prepares

required reports. Assists in claims cost control. Performs the design, analysis and delivery of claim information. Contacts individuals about claims and coordinates the handling of benefits. This role focuses on operational effectiveness in

support of claims management strategies. Understands and performs domestic and/or international claim programs, policies, and procedures for: reporting, investigation, and analysis; litigation management; resolution/outcome

management; and the delivery of claim information. Handles mostly routine non-complex claims but, may handle litigated and moderately complex claims with limited settlement authority.

Cash Compensation (All dollar amounts are displayed in USD $000s)

Scope

State

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Cash Compensation (All dollar amounts are displayed in USD $000s)

Scope

Metro Area

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt

No Breakdowns Available - Insufficient Sample Size

No Breakdowns Available - Insufficient Sample Size

Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt

© 2013 Risk and Insurance Management Society, Inc. (RIMS) V - 47 US Data

Page 140: 2013 Risk Management Compensation Survey - RIMS

2013 Risk Management Compensation Survey

Claims AnalystReviews first and third party claims for irregularities, accuracy and completeness. Requests additional information, where necessary, for completion of claim processing. Reviews claims for eligibility. Maintains updated records and prepares

required reports. Assists in claims cost control. Performs the design, analysis and delivery of claim information. Contacts individuals about claims and coordinates the handling of benefits. This role focuses on operational effectiveness in

support of claims management strategies. Understands and performs domestic and/or international claim programs, policies, and procedures for: reporting, investigation, and analysis; litigation management; resolution/outcome

management; and the delivery of claim information. Handles mostly routine non-complex claims but, may handle litigated and moderately complex claims with limited settlement authority.

Respondent Characteristics

Male 33.3% Yes 6.7%

Female 66.7% No 93.3%

Did Not Indicate 0.0% Did Not Indicate 0.0%

High School/Associate Degree 20.0% Incentive Stock Options (ISOs) 0.0%

Bachelors 60.0% Non-Qualified Stock Options (NQSOs) 0.0%

MA/MS 0.0% Restricted Stock 0.0%

MBA 6.7% Stock Appreciation Rights (SARs) 0.0%

JD 6.7% Performance Shares 0.0%

MD 0.0% Performance Units 0.0%

Ph.D 0.0% Long-Term Cash 0.0%

Other 6.7% None of the Above Received 100.0%

* Only includes those eligible for LTI

Parent 53.3% Yes 0.0%

Division 20.0% No 100.0%

Subsidiary 6.7%

Single Location 6.7%

Other 13.3%

Degree Type of Long-term Incentives Received*

Type of Organization Where Employed Supervise Individuals

Gender Long-Term Incentive Eligible

© 2013 Risk and Insurance Management Society, Inc. (RIMS) V - 48 US Data

Page 141: 2013 Risk Management Compensation Survey - RIMS

2013 Risk Management Compensation Survey

© 2013 Risk and Insurance Management Society, Inc. (RIMS) VI - 1 Canadian Participant List

Participant List – Canadian Respondents Respondents from over 218 organizations operating in Canada participated in the 2013 Risk Management Compensation Survey. These organizations include:

ABB

AKITA Drilling Ltd.

Alberta Health Services

AltaLink

AMSC

ArcelorMittal Dofasco

Associated Engineering

ATB Financial

ATCO Ltd.

ATCO Structures & Logistics Ltd.

Athabasca Oil Corporation

Athabasca University

Atlantic Lottery

Aviva Canada Inc.

B.C. Pavilion Corporation

Bantrel

BC Securities Commission

BCE Inc.

Bell Aliant

Bentall Kennedy

BENTALL KENNEDY (CANADA) LP

BFL Canada Risk & Insurance

British Columbia Ferry Services Inc.

Business Development Bank of Canada

CAE Inc.

Cameco Corporation

Camoplast Solideal Inc

Canada Mortgage and Housing Corporation

Canada Post Corporation

Canadian Blood Services

Canadian Pacific Railway

Canadian Tire Corporation Limited

Canfor Corporation

Capital Regional District

Carleton University

Cascades Inc.

Celero Solutions

Cenovus Energy Inc.

City of Calgary

City of Edmonton

City of Hamilton

City of Moncton

City of Mount Pearl

City of Ottawa

City of Prince George

City of Red Deer

City of Regina

City of St. Albert

City of St. John's

City of Surrey

City of Winnipeg

City og Longueuil

Concordia University

Co-operators Life Insurance Company

Corporation of the City of Brampton

Corporation of the City of Kenora

Cott Corporation

Credit Union

Credit Union Deposit Guarantee Corporation

CSA Group

Delta Hotels Limited

Desjardins

Desjardins General Insurance Group

District of North Vancouver

District of Saanich

District of West Vancouver

Ducks Unlimited Canada

Durham College

ECHELON GENERAL INSURANCE COMPANY

Economical Insurance

Edmonton Police Service

Enbridge Pipelines Inc.

Enerplus Corporation

Facility Association

Fallsview Casino Resort

farciq

First Calgary Financial & Credit Union

First Canadian Insurance Corporation

First West Credit Union

FortisBC

Gaz Métro

Georgian College

Giant Tiger Stores Limited

Gibson Energy Inc.

Page 142: 2013 Risk Management Compensation Survey - RIMS

2013 Risk Management Compensation Survey

© 2013 Risk and Insurance Management Society, Inc. (RIMS) VI - 2 Canadian Participant List

Gildan

GNL

Gold mining

Government of Alberta

Government of British Columbia

Government of Manitoba

Government of Newfoundland and Labrador

Government of Nova Scotia

Government of Nunavut

Government of Saskatchewan

Gowling Lafleur Henderson LLP

Grosvenor Americas

Habitat for Humanity Canada

Halifax Regional Municipality

HIAA

Hudbay

Hydro One Networks

Hydro-Quebec

IATA

Interuniversity Services Inc.

IPF

Ivanho Cambridge

J.D. Irving, Limited

JONES DESLAURIERS INSURANCE MANAGEMENT INC

Jubilee Insurance Agencies Inc.

Kal Tire

Kinross Gold Corporation

Kruger Inc.

LCBO

Ledcor Group of Companies

Ledcor Industries Inc.

London Health Sciences Centre

Magna International Inc.

Manitoba Hydro

Manitoba Telecom Services Inc.

Marine Atlantic Inc.

Memorial University of Newfoundland

Ministry of Government Services, Province of Ontario

Ministry of Justice

Minto Group Inc.

Molson Coors Canada

Mount Royal University

Mullen Group Ltd.

Municipal Government

Nalcor Energy

NAV CANADA

Nexen Inc.

NL Housing

Northbridge Financial Corporation

Northern Lakes College

Northwest Territories Power Corporation

OCAD University

Ontario Lottery and Gaming Corporation

Ontario Power Generation Inc.

Ontario School Boards' Insurance Exchange

Otera Capital

Oxford Properties Group

PCL Constructors Inc.

PepsiCo

Port Metro Vancouver

Precision Drilling Corporation

Province of British Columbia

Province of Nova Scotia

Province of Ontario

Public Service BC

Purolator Inc.

Quebecor Media

Red River College

Revera Inc.

Riskcorp

Rogers Communications

Royal Bank of Canada

Ryerson University

Sanofi Pasteur

Saskatchewan Housing Corporation

Saskatchewan School Boards Association

SaskGaming Corporation

Seaspan ULC

ShawCor Ltd.

Shell

Simon Fraser University

SNC-Lavalin Group

Sofina Foods Inc.

SoHo Insurance/Housing Services Corporation

South Coast British Columbia Transportation Authority

SSQ Financial Group

Strathcona County

Sun Life Financial Inc.

Supreme Group

Talisman Energy Inc.

Technical Standards and Safety Authority

Telesat Canada

TELUS Corporation

Tervita Corporation

The City of Calgary

The City of Mississauga

Page 143: 2013 Risk Management Compensation Survey - RIMS

2013 Risk Management Compensation Survey

© 2013 Risk and Insurance Management Society, Inc. (RIMS) VI - 3 Canadian Participant List

The Co-operators

The Corporation of Delta

The Corporation of the District of Saanich

The MEARIE Group

Toronto Community Housing Corporation

Toronto Transit Commission

Town of Richmond Hill

TransAlta Corporation

TransCanada Corporation

Trent University

Triovest Realty Advisors

TSSA

UBC

United Farmers of Alberta Cooperative Limited

University of Alberta

University of British Columbia

University of Calgary

University of Guelph

University of Lethbridge

University of New Brunswick

University of Ottawa

University of Regina

University of Saskatchewan

University of Toronto

University of Victoria

UPEI

Vale

Valero Energy

Vancouver International Airport Authority

Vancouver Island Health Authority

Wal-Mart Canada

Waterloo Region Municipalities Insurance Pool

Western Financial Group Insurance Solutions

Workers' Compensation Board of Nova Scotia

Xstrata

Yara Belle Plaine Inc.

York Region District School Board

York University

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2013 Risk Management Compensation Survey

© 2013 Risk and Insurance Management Society, Inc. (RIMS) VI - 4 Canadian Participant List

This Page Intentionally Blank

Page 145: 2013 Risk Management Compensation Survey - RIMS

2013 Risk Management Compensation Survey

Canadian Participant Demographics

The 2013 Risk Management Compensation Survey contains compensation data for 11 jobs from 270 individual respondents from 218 organizations. The

charts on the following pages display the distribution of Canadian participants by organization size, industry, ownership type, and geographic region. A

chart on the function to which the top risk management executive reports to is also presented.

© 2013 Risk and Insurance Management Society, Inc. (RIMS) VII - 1 Canadian Participant Demographics

Page 146: 2013 Risk Management Compensation Survey - RIMS

2013 Risk Management Compensation Survey

Canadian Participant Demographics

Ownership Type

# of

Resp.

Percent of

Respondents

Publicly Traded 68 25.2%

Private 50 18.5%

Government 101 37.4%

Not-for-Profit 39 14.4%

Other/Not Specified 12 4.4%

Revenue

# of

Resp.

Percent of

Respondents

Less than $100 Million 29 10.7%

Less than $100 Million $100 - $250 Million 28 10.4%

$100 - $250 Million $250 - $500 Million 22 8.1%

$250 - $500 Million $500 Million - $1 Billion 26 9.6%

$1 - $5 Billion 69 25.6%

$1 - $5 Billion $5 - $10 Billion 17 6.3%

$5 - $10 Billion Greater than $10 Billion 29 10.7%

Other/Not Specified 50 18.5%

Ownership Type

Revenue

25.2%

18.5%

37.4%

14.4%

4.4%

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

30.0%

35.0%

40.0%

Publicly Traded Private Government Not-for-Profit Other/Not Specified

Percent of Respondents

10.7% 10.4%

8.1% 9.6%

25.6%

6.3%

10.7%

18.5%

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

30.0%

Less than $100Million

$100 - $250Million

$250 - $500Million

$500 Million - $1Billion

$1 - $5 Billion $5 - $10 Billion Greater than $10Billion

Other/NotSpecified

Percent of Respondents

© 2013 Risk and Insurance Management Society, Inc. (RIMS) VII - 2 Canadian Participant Demographics

Page 147: 2013 Risk Management Compensation Survey - RIMS

2013 Risk Management Compensation Survey

Canadian Participant Demographics

Organization Type

# of

Resp.

Percent of

Respondents

Parent 164 60.7%

Subsidiary 18 6.7%

Division 19 7.0%

Single Location 29 10.7%

Other 40 14.8%

Canadian Province

# of

Resp.

Percent of

Respondents

AB 61 22.6%

BC 40 14.8%

MB 9 3.3%

NB 5 1.9%

NL 8 3.0%

NS 9 3.3%

NT 1 0.4%

NU 1 0.4%

ON 94 34.8%

PE 1 0.4%

PQ 1 0.4%

QC 24 8.9%

SK 16 5.9%

Organization Type

Region

60.7%

6.7% 7.0% 10.7%

14.8%

0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

Parent Subsidiary Division Single Location Other

Percent of Respondents

22.6%

14.8%

3.3% 1.9%

3.0% 3.3%

0.4% 0.4%

34.8%

0.4% 0.4%

8.9%

5.9%

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

30.0%

35.0%

40.0%

AB BC MB NB NL NS NT NU ON PE PQ QC SK

Percent of Respondents

© 2013 Risk and Insurance Management Society, Inc. (RIMS) VII - 3 Canadian Participant Demographics

Page 148: 2013 Risk Management Compensation Survey - RIMS

2013 Risk Management Compensation Survey

Canadian Participant Demographics

Industry

# of

Resp.

Percent of

Respondents

Agriculture 1 0.4%

Business/Info

Services/Consulting/Legal/Accounting2 0.7%

Chemical/Pharmaceutical/Biotechnology 1 0.4%

Construction/Engineering/Architectural 9 3.3%

Education 35 13.0%

Energy 23 8.5%

Entertainment & Media 2 0.7%

Finance/Banking 10 3.7%

Government 63 23.3%

Healthcare 4 1.5%

Hospitality 4 1.5%

Insurance 24 8.9%

Mfg - Durable (includes Aerospace,

Computer/Office Equipment, Electronics)3 1.1%

Mfg - Nondurable (includes Food, Paper & Allied

Products)11 4.1%

Mining/Milling/Smelting 8 3.0%

Not-for-Profit 7 2.6%

Real Estate 9 3.3%

Retail 4 1.5%

Service 3 1.1%

Telecommunications 8 3.0%

Transportation 15 5.6%

Utilities 14 5.2%

Wholesale Distribution 0 0.0%

Other 10 3.7%

Industry

0.4%

0.7%

0.4%

3.3%

13.0%

8.5%

0.7%

3.7%

23.3%

1.5%

1.5%

8.9%

1.1%

4.1%

3.0%

2.6%

3.3%

1.5%

1.1%

3.0%

5.6%

5.2%

0.0%

3.7%

0.0% 5.0% 10.0% 15.0% 20.0% 25.0%

Agriculture

Business/Info Services/Consulting/Legal/Accounting

Chemical/Pharmaceutical/Biotechnology

Construction/Engineering/Architectural

Education

Energy

Entertainment & Media

Finance/Banking

Government

Healthcare

Hospitality

Insurance

Mfg - Durable (includes Aerospace, Computer/Office…

Mfg - Nondurable (includes Food, Paper & Allied…

Mining/Milling/Smelting

Not-for-Profit

Real Estate

Retail

Service

Telecommunications

Transportation

Utilities

Wholesale Distribution

Other

Percent of Respondents

© 2013 Risk and Insurance Management Society, Inc. (RIMS) VII - 4 Canadian Participant Demographics

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2013 Risk Management Compensation Survey

Canadian Participant Demographics

# of

Resp.

Percent of

Respondents

Do not have a Top Risk Management Executive 9 3.3%

Finance/CFO/Minister of Finance 102 37.8%

CEO/VP/Board of Directors/President 55 20.4%

Treasury 28 10.4%

Legal/Compliance Officer/Solicitor-

General/Attorney General29 10.7%

Administration/Management Board/Government

Services16 5.9%

COO 12 4.4%

Human Resources/Personnel/Employee Benefits 3 1.1%

Mayor/Governor/Premier 0 0.0%

Other 16 5.9%

n The average reported number of employees in the risk management department is 5.56 while the median is 2.20.

Who the Top Risk Management Executive reports to:

Size of Department

3.3%

37.8%

20.4%

10.4%

10.7%

5.9%

4.4%

1.1%

0.0%

5.9%

0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% 35.0% 40.0%

Do not have a Top Risk Management Executive

Finance/CFO/Minister of Finance

CEO/VP/Board of Directors/President

Treasury

Legal/Compliance Officer/Solicitor-General/AttorneyGeneral

Administration/Management Board/GovernmentServices

COO

Human Resources/Personnel/Employee Benefits

Mayor/Governor/Premier

Other

Percent of Respondents

© 2013 Risk and Insurance Management Society, Inc. (RIMS) VII - 5 Canadian Participant Demographics

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2013 Risk Management Compensation Survey

Canadian Participant Demographics

Age

# of

Resp.

Percent of

Respondents

Less than 30 12 4.4%

30 - 39 42 15.6%

40 - 49 67 24.8%

50 - 59 79 29.3%

60 or Higher 16 5.9%

No Response 54 20.0%

n

Respondent Age

The average respondent age reported is 46.71 while the median is 47.00.

4.4%

15.6%

24.8%

29.3%

5.9%

20.0%

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

30.0%

35.0%

Less than 30 30 - 39 40 - 49 50 - 59 60 or Higher No Response

Percent of Respondents

© 2013 Risk and Insurance Management Society, Inc. (RIMS) VII - 6 Canadian Participant Demographics

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2013 Risk Management Compensation Survey

Canadian Participant Demographics

Years in Current Position

# of

Resp.

Percent of

Respondents

Less than 1 year 7 2.6%

1 to 2 years 86 31.9%

3 to 4 years 47 17.4%

5 to 6 years 34 12.6%

7 to 8 years 20 7.4%

9 to 10 years 21 7.8%

11 to 15 years 19 7.0%

More than 15 years 29 10.7%

No Response 7 2.6%

n

Years in Current Position

The average years respondents reported being at their current position is 6.41 while the median is 4.00.

2.6%

31.9%

17.4%

12.6%

7.4% 7.8% 7.0%

10.7%

2.6%

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

30.0%

35.0%

Less than 1year

1 to 2 years 3 to 4 years 5 to 6 years 7 to 8 years 9 to 10 years 11 to 15 years More than 15years

No Response

Percent of Respondents

© 2013 Risk and Insurance Management Society, Inc. (RIMS) VII - 7 Canadian Participant Demographics

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2013 Risk Management Compensation Survey

Canadian Participant Demographics

Gender

# of

Resp.

Percent of

Respondents

Male 155 57.4%

Female 110 40.7%

No Response 5 1.9%

Gender

57.4%

40.7%

1.9% 0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

Male Female No Response

Percent of Respondents

© 2013 Risk and Insurance Management Society, Inc. (RIMS) VII - 8 Canadian Participant Demographics

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2013 Risk Management Compensation Survey

All Positions - Canada

Cash Compensation (All dollar amounts are displayed in CAD $000s)

Job Title

# of

Resp. Average 25th pct50th pct

(median) 75th pct

# of

Resp. Average 25th pct50th pct

(median) 75th pct # of Resp. Average50th pct

(median)

# of

Resp. Average 25th pct50th pct

(median) 75th pct Average50th pct

(median)

Chief Risk Officer | Vice President - Risk

Management | Vice President - Strategic and

Enterprise Risk

18 $173.6 $150.0 $175.0 $200.0 10 $58.2 $45.0 $55.0 $70.0 9 33.0% 30.0% 18 $205.9 $153.0 $202.5 $258.0 12.9 10.0

Director - Business Continuity/Financial/IT

Risk Management7 $132.0 -- $132.0 -- 4 -- -- -- -- 3 -- -- 7 $154.8 -- $132.0 -- 11.9 12.0

Director - Enterprise Risk Management

(ERM)/Strategic Risk Management / Risk

Intelligence

36 $122.8 $99.0 $110.0 $129.0 11 $18.4 $6.4 $7.8 $35.0 8 29.0% 21.0% 36 $128.4 $100.0 $115.6 $135.5 13.2 11.5

Director - Insurance and Risk Management 80 $119.1 $97.0 $111.8 $140.0 45 $24.9 $12.0 $20.0 $30.0 29 22.0% 20.0% 80 $133.1 $100.5 $120.0 $149.8 17.8 18.0

Manager - Insurance Management 46 $100.3 $83.5 $94.0 $117.0 22 $12.7 $8.9 $10.8 $15.0 21 14.0% 15.0% 46 $106.4 $85.0 $97.1 $122.0 10.7 9.5

Employee Benefits/Workers Compensation

Claims Manager0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Claims Manager 12 $84.3 $72.5 $82.5 $95.0 4 -- -- -- -- 0 -- -- 12 $87.5 $73.0 $89.5 $95.0 12.3 10.0

Environmental, Health or Safety Manager 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --

Risk Management Analyst (Enterprise-Wide) 32 $84.6 $70.0 $78.0 $97.5 14 $12.0 $3.9 $8.8 $19.0 10 12.0% 12.0% 32 $89.9 $72.5 $78.5 $99.9 6.6 4.0

Risk Management Analyst 31 $76.3 $66.0 $73.5 $82.5 13 $7.1 $5.0 $5.5 $7.8 10 9.0% 10.0% 31 $79.3 $70.0 $75.0 $87.5 6.8 5.0

Claims Analyst 7 $60.4 -- $59.5 -- 0 -- -- -- -- 0 -- -- 7 $60.4 -- $59.5 -- 7.9 10.0

Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt

© 2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 1 All Jobs Summary - Canada

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© 2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 2 All Jobs Summary - Canada

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2013 Risk Management Compensation Survey

Chief Risk Officer | Vice President - Risk Management | Vice President - Strategic and Enterprise Risk

Ownership Type

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All RespondentsAll Respondents 18 $173.6 $205.9

Publicly TradedPublicly Traded 2 -- --

Private 5 $176.0 $222.0

Government 6 $171.3 $199.5

Not-for-Profit 3 -- --

Other 2 -- --

Revenue

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 18 $173.6 $205.9

Less than $100

Million3 -- --

$100 - $250 Million$100 - $250

Million3 -- --

$250 - $500 Million$250 - $500

Million3 -- --

$500 Million - $1 Billion 1 -- --

$1 - $5 Billion$1 - $5

Billion6 $192.7 $240.8

$5 - $10 Billion$5 - $10

Billion1 -- --

Greater than

$10 Billion1 -- --

Average Compensation by Ownership Type

Average Compensation by Revenue

$1

73

.6

$0

.0

$1

76

.0

$1

71

.3

$0

.0

$0

.0

$2

05

.9

$0

.0

$2

22

.0

$1

99

.5

$0

.0

$0

.0

$0.0

$50.0

$100.0

$150.0

$200.0

$250.0

All Respondents Publicly Traded Private Government Not-for-Profit Other

Average Base Salary ($000s) Average Total Comp ($000s)

$1

73

.6

$0

.0

$0

.0

$0

.0

$0

.0

$1

92

.7

$0

.0

$0

.0

$2

05

.9

$0

.0

$0

.0

$0

.0

$0

.0

$2

40

.8

$0

.0

$0

.0

$0.0

$50.0

$100.0

$150.0

$200.0

$250.0

$300.0

All Respondents Less than $100Million

$100 - $250Million

$250 - $500Million

$500 Million - $1Billion

$1 - $5Billion

$5 - $10Billion

Greater than$10 Billion

Average Base Salary ($000s) Average Total Comp ($000s)

© 2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 3 Canadian Data

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2013 Risk Management Compensation Survey

Chief Risk Officer | Vice President - Risk Management | Vice President - Strategic and Enterprise Risk

Degree

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 18 $173.6 $205.9

HS/Associate 1 -- --

Bachelors 5 $170.0 $225.0

MA/MS 1 -- --

MBA 4 -- --

JD 1 -- --

Supervisory Responsibility

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 18 $173.6 $205.9

No 1 -- --

1 or Fewer 2 -- --

From 1 to 3 4 -- --

From 3 to 5 1 -- --

More than 5 6 $179.3 $208.5

Average Compensation by Degree

Average Compensation by Supervisory Responsibility

$1

73

.6

$0

.0

$1

70

.0

$0

.0

$0

.0

$0

.0

$2

05

.9

$0

.0

$2

25

.0

$0

.0

$0

.0

$0

.0

$0.0

$50.0

$100.0

$150.0

$200.0

$250.0

All Respondents HS/Associate Bachelors MA/MS MBA JD

Average Base Salary ($000s) Average Total Comp ($000s)

$1

73

.6

$0

.0

$0

.0

$0

.0

$0

.0

$1

79

.3

$2

05

.9

$0

.0

$0

.0

$0

.0

$0

.0

$2

08

.5

$0.0

$50.0

$100.0

$150.0

$200.0

$250.0

All Respondents No 1 or Fewer From 1 to 3 From 3 to 5 More than 5

Average Base Salary ($000s) Average Total Comp ($000s)

© 2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 4 Canadian Data

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2013 Risk Management Compensation Survey

Chief Risk Officer | Vice President - Risk Management | Vice President - Strategic and Enterprise Risk

Province

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 18 $173.6 $205.9

BC 8 $180.6 $220.0

Average Compensation by Province

Average Compensation by Industry

No Breakdowns Available - Insufficient Sample Size

$173.6

$180.6

$205.9

$220.0

$0.0 $50.0 $100.0 $150.0 $200.0 $250.0

All Respondents

BC

Average Base Salary ($000s) Average Total Comp ($000s)

© 2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 5 Canadian Data

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2013 Risk Management Compensation Survey

Director - Business Continuity/Financial/IT Risk Management

Ownership Type

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All RespondentsAll Respondents 7 $132.0 $154.8

Publicly TradedPublicly Traded 3 -- --

Private 1 -- --

Government 1 -- --

Not-for-Profit 2 -- --

Other #N/A #N/A #N/A

Revenue

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 7 $132.0 $154.8

Less than $100

Million0 -- --

$100 - $250 Million$100 - $250

Million1 -- --

$250 - $500 Million$250 - $500

Million1 -- --

$500 Million - $1 Billion 1 -- --

$1 - $5 Billion$1 - $5

Billion1 -- --

$5 - $10 Billion$5 - $10

Billion1 -- --

Greater than

$10 Billion1 -- --

Average Compensation by Ownership Type

Average Compensation by Revenue

$1

32

.0

$0

.0

$0

.0

$0

.0

$0

.0

#N/A

$1

54

.8

$0

.0

$0

.0

$0

.0

$0

.0

#N/A

$0.0

$20.0

$40.0

$60.0

$80.0

$100.0

$120.0

$140.0

$160.0

$180.0

All Respondents Publicly Traded Private Government Not-for-Profit Other

Average Base Salary ($000s) Average Total Comp ($000s)

$1

32

.0

$0

.0

$0

.0

$0

.0

$0

.0

$0

.0

$0

.0

$0

.0

$1

54

.8

$0

.0

$0

.0

$0

.0

$0

.0

$0

.0

$0

.0

$0

.0

$0.0

$20.0

$40.0

$60.0

$80.0

$100.0

$120.0

$140.0

$160.0

$180.0

All Respondents Less than $100Million

$100 - $250Million

$250 - $500Million

$500 Million - $1Billion

$1 - $5Billion

$5 - $10Billion

Greater than$10 Billion

Average Base Salary ($000s) Average Total Comp ($000s)

© 2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 7 Canadian Data

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2013 Risk Management Compensation Survey

Director - Business Continuity/Financial/IT Risk Management

Degree

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 7 $132.0 $154.8

HS/Associate 1 -- --

Bachelors 4 -- --

MA/MS 0 -- --

MBA 1 -- --

JD 0 -- --

Supervisory Responsibility

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 7 $132.0 $154.8

No 1 -- --

1 or Fewer 2 -- --

From 1 to 3 2 -- --

From 3 to 5 2 -- --

More than 5 0 -- --

Average Compensation by Degree

Average Compensation by Supervisory Responsibility

$1

32

.0

$0

.0

$0

.0

$0

.0

$0

.0

$0

.0

$1

54

.8

$0

.0

$0

.0

$0

.0

$0

.0

$0

.0

$0.0

$20.0

$40.0

$60.0

$80.0

$100.0

$120.0

$140.0

$160.0

$180.0

All Respondents HS/Associate Bachelors MA/MS MBA JD

Average Base Salary ($000s) Average Total Comp ($000s)

$1

32

.0

$0

.0

$0

.0

$0

.0

$0

.0

$0

.0

$1

54

.8

$0

.0

$0

.0

$0

.0

$0

.0

$0

.0

$0.0

$20.0

$40.0

$60.0

$80.0

$100.0

$120.0

$140.0

$160.0

$180.0

All Respondents No 1 or Fewer From 1 to 3 From 3 to 5 More than 5

Average Base Salary ($000s) Average Total Comp ($000s)

© 2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 8 Canadian Data

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2013 Risk Management Compensation Survey

Director - Business Continuity/Financial/IT Risk Management

Average Compensation by Province

No Breakdowns Available - Insufficient Sample Size

Average Compensation by Industry

No Breakdowns Available - Insufficient Sample Size

© 2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 9 Canadian Data

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2013 Risk Management Compensation Survey

Director - Enterprise Risk Management (ERM)/Strategic Risk Management / Risk Intelligence

Ownership Type

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All RespondentsAll Respondents 36 $122.8 $128.4

Publicly TradedPublicly Traded 5 $205.2 $225.2

Private 6 $112.0 $123.7

Government 16 $113.4 $114.9

Not-for-Profit 7 $103.8 $105.2

Other 2 -- --

Revenue

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 36 $122.8 $128.4

Less than $100

Million9 $99.9 $102.5

$100 - $250 Million$100 - $250

Million2 -- --

$250 - $500 Million$250 - $500

Million4 -- --

$500 Million - $1 Billion 5 $121.9 $124.1

$1 - $5 Billion$1 - $5

Billion11 $114.8 $120.0

$5 - $10 Billion$5 - $10

Billion1 -- --

Greater than

$10 Billion1 -- --

Average Compensation by Ownership Type

Average Compensation by Revenue

$1

22

.8

$2

05

.2

$1

12

.0

$1

13

.4

$1

03

.8

$0

.0

$1

28

.4

$2

25

.2

$1

23

.7

$1

14

.9

$1

05

.2

$0

.0

$0.0

$50.0

$100.0

$150.0

$200.0

$250.0

All Respondents Publicly Traded Private Government Not-for-Profit Other

Average Base Salary ($000s) Average Total Comp ($000s)

$1

22

.8

$9

9.9

$0

.0

$0

.0

$1

21

.9

$1

14

.8

$0

.0

$0

.0

$1

28

.4

$1

02

.5

$0

.0

$0

.0

$1

24

.1

$1

20

.0

$0

.0

$0

.0

$0.0

$20.0

$40.0

$60.0

$80.0

$100.0

$120.0

$140.0

All Respondents Less than $100Million

$100 - $250Million

$250 - $500Million

$500 Million - $1Billion

$1 - $5Billion

$5 - $10Billion

Greater than$10 Billion

Average Base Salary ($000s) Average Total Comp ($000s)

© 2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 11 Canadian Data

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2013 Risk Management Compensation Survey

Director - Enterprise Risk Management (ERM)/Strategic Risk Management / Risk Intelligence

Degree

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 36 $122.8 $128.4

HS/Associate 6 $123.8 $135.6

Bachelors 9 $105.4 $111.8

MA/MS 3 -- --

MBA 8 $130.0 $130.0

JD 1 -- --

Supervisory Responsibility

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 36 $122.8 $128.4

No 14 $130.8 $134.2

1 or Fewer 8 $117.2 $135.2

From 1 to 3 6 $107.4 $108.0

From 3 to 5 4 -- --

More than 5 3 -- --

Average Compensation by Degree

Average Compensation by Supervisory Responsibility

$1

22

.8

$1

23

.8

$1

05

.4

$0

.0

$1

30

.0

$0

.0

$1

28

.4

$1

35

.6

$1

11

.8

$0

.0

$1

30

.0

$0

.0

$0.0

$20.0

$40.0

$60.0

$80.0

$100.0

$120.0

$140.0

$160.0

All Respondents HS/Associate Bachelors MA/MS MBA JD

Average Base Salary ($000s) Average Total Comp ($000s)

$1

22

.8

$1

30

.8

$1

17

.2

$1

07

.4

$0

.0

$0

.0

$1

28

.4

$1

34

.2

$1

35

.2

$1

08

.0

$0

.0

$0

.0

$0.0

$20.0

$40.0

$60.0

$80.0

$100.0

$120.0

$140.0

$160.0

All Respondents No 1 or Fewer From 1 to 3 From 3 to 5 More than 5

Average Base Salary ($000s) Average Total Comp ($000s)

© 2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 12 Canadian Data

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Director - Enterprise Risk Management (ERM)/Strategic Risk Management / Risk Intelligence

Industry

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 36 $122.8 $128.4

Education 7 $116.1 $116.6

Government 9 $116.1 $116.9

Insurance 5 $102.0 $103.0

Province

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 36 $122.8 $128.4

AB 10 $142.1 $145.6

ON 10 $124.2 $134.9

SK 6 $109.5 $111.8

Average Compensation by Province

Average Compensation by Industry

$122.8

$116.1

$116.1

$102.0

$128.4

$116.6

$116.9

$103.0

$0.0 $20.0 $40.0 $60.0 $80.0 $100.0 $120.0 $140.0

All Respondents

Education

Government

Insurance

Average Base Salary ($000s) Average Total Comp ($000s)

$122.8

$142.1

$124.2

$109.5

$128.4

$145.6

$134.9

$111.8

$0.0 $20.0 $40.0 $60.0 $80.0 $100.0 $120.0 $140.0 $160.0

All Respondents

AB

ON

SK

Average Base Salary ($000s) Average Total Comp ($000s)

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2013 Risk Management Compensation Survey

Director - Insurance and Risk Management

Ownership Type

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All RespondentsAll Respondents 80 $119.1 $133.1

Publicly TradedPublicly Traded 22 $125.3 $154.9

Private 17 $120.2 $138.9

Government 26 $113.1 $116.1

Not-for-Profit 13 $115.2 $118.3

Other 2 -- --

Revenue

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 80 $119.1 $133.1

Less than $100

Million4 -- --

$100 - $250 Million$100 - $250

Million9 $106.4 $109.1

$250 - $500 Million$250 - $500

Million7 $128.2 $133.4

$500 Million - $1 Billion 7 $107.1 $117.3

$1 - $5 Billion$1 - $5

Billion23 $122.8 $138.5

$5 - $10 Billion$5 - $10

Billion6 $119.7 $134.8

Greater than

$10 Billion13 $124.7 $152.9

Average Compensation by Ownership Type

Average Compensation by Revenue

$1

19

.1

$1

25

.3

$1

20

.2

$1

13

.1

$1

15

.2

$0

.0

$1

33

.1 $1

54

.9

$1

38

.9

$1

16

.1

$1

18

.3

$0

.0

$0.0

$20.0

$40.0

$60.0

$80.0

$100.0

$120.0

$140.0

$160.0

$180.0

All Respondents Publicly Traded Private Government Not-for-Profit Other

Average Base Salary ($000s) Average Total Comp ($000s)

$1

19

.1

$0

.0

$1

06

.4 $

12

8.2

$1

07

.1

$1

22

.8

$1

19

.7

$1

24

.7

$1

33

.1

$0

.0

$1

09

.1 $

13

3.4

$1

17

.3 $1

38

.5

$1

34

.8

$1

52

.9

$0.0

$20.0

$40.0

$60.0

$80.0

$100.0

$120.0

$140.0

$160.0

$180.0

All Respondents Less than $100Million

$100 - $250Million

$250 - $500Million

$500 Million - $1Billion

$1 - $5Billion

$5 - $10Billion

Greater than$10 Billion

Average Base Salary ($000s) Average Total Comp ($000s)

© 2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 15 Canadian Data

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2013 Risk Management Compensation Survey

Director - Insurance and Risk Management

Degree

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 80 $119.1 $133.1

HS/Associate 16 $107.7 $118.8

Bachelors 38 $120.0 $136.3

MA/MS 1 -- --

MBA 10 $131.6 $153.7

JD 3 -- --

Supervisory Responsibility

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 80 $119.1 $133.1

No 16 $109.2 $121.9

1 or Fewer 16 $123.0 $143.0

From 1 to 3 17 $118.0 $131.8

From 3 to 5 10 $112.9 $122.8

More than 5 16 $127.2 $139.8

Average Compensation by Degree

Average Compensation by Supervisory Responsibility

$1

19

.1

$1

07

.7

$1

20

.0

$0

.0

$1

31

.6

$0

.0

$1

33

.1

$1

18

.8

$1

36

.3

$0

.0

$1

53

.7

$0

.0

$0.0

$20.0

$40.0

$60.0

$80.0

$100.0

$120.0

$140.0

$160.0

$180.0

All Respondents HS/Associate Bachelors MA/MS MBA JD

Average Base Salary ($000s) Average Total Comp ($000s)

$1

19

.1

$1

09

.2

$1

23

.0

$1

18

.0

$1

12

.9

$1

27

.2

$1

33

.1

$1

21

.9 $1

43

.0

$1

31

.8

$1

22

.8

$1

39

.8

$0.0

$20.0

$40.0

$60.0

$80.0

$100.0

$120.0

$140.0

$160.0

All Respondents No 1 or Fewer From 1 to 3 From 3 to 5 More than 5

Average Base Salary ($000s) Average Total Comp ($000s)

© 2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 16 Canadian Data

Page 169: 2013 Risk Management Compensation Survey - RIMS

2013 Risk Management Compensation Survey

Director - Insurance and Risk Management

Industry

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 80 $119.1 $133.1

Education 13 $112.6 $112.7

Energy 6 $147.1 $185.8

Government 21 $109.8 $110.4

Mfg - Nondurable (includes Food, Paper & Allied

Products)7 $121.8 $136.2

Telecommunications 6 $102.4 $116.6

Transportation 5 $114.2 $124.1

Province

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 80 $119.1 $133.1

AB 17 $120.6 $135.9

BC 8 $105.2 $111.2

ON 33 $122.5 $139.1

QC 9 $133.0 $155.2

Average Compensation by Province

Average Compensation by Industry

$119.1

$112.6

$147.1

$109.8

$121.8

$102.4

$114.2

$133.1

$112.7

$185.8

$110.4

$136.2

$116.6

$124.1

$0.0 $20.0 $40.0 $60.0 $80.0 $100.0 $120.0 $140.0 $160.0 $180.0 $200.0

All Respondents

Education

Energy

Government

Mfg - Nondurable(includes Food, Paper &

Allied Products)

Telecommunications

Transportation

Average Base Salary ($000s) Average Total Comp ($000s)

$119.1

$120.6

$105.2

$122.5

$133.0

$133.1

$135.9

$111.2

$139.1

$155.2

$0.0 $20.0 $40.0 $60.0 $80.0 $100.0 $120.0 $140.0 $160.0 $180.0

All Respondents

AB

BC

ON

QC

Average Base Salary ($000s) Average Total Comp ($000s)

© 2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 17 Canadian Data

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2013 Risk Management Compensation Survey

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© 2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 18

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2013 Risk Management Compensation Survey

Manager - Insurance Management

Ownership Type

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All RespondentsAll Respondents 46 $100.3 $106.4

Publicly TradedPublicly Traded 14 $114.7 $128.0

Private 8 $87.1 $93.8

Government 17 $97.7 $99.2

Not-for-Profit 5 $93.5 $93.8

Other 2 -- --

Revenue

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 46 $100.3 $106.4

Less than $100

Million3 -- --

$100 - $250 Million$100 - $250

Million6 $102.5 $104.1

$250 - $500 Million$250 - $500

Million5 $102.0 $104.2

$500 Million - $1 Billion 5 $101.0 $113.2

$1 - $5 Billion$1 - $5

Billion10 $116.8 $129.4

$5 - $10 Billion$5 - $10

Billion4 -- --

Greater than

$10 Billion4 -- --

Average Compensation by Ownership Type

Average Compensation by Revenue

$1

00

.3

$1

14

.7

$8

7.1

$9

7.7

$9

3.5

$0

.0

$1

06

.4 $

12

8.0

$9

3.8

$9

9.2

$9

3.8

$0

.0

$0.0

$20.0

$40.0

$60.0

$80.0

$100.0

$120.0

$140.0

All Respondents Publicly Traded Private Government Not-for-Profit Other

Average Base Salary ($000s) Average Total Comp ($000s)

$1

00

.3

$0

.0

$1

02

.5

$1

02

.0

$1

01

.0 $1

16

.8

$0

.0

$0

.0

$1

06

.4

$0

.0

$1

04

.1

$1

04

.2

$1

13

.2 $1

29

.4

$0

.0

$0

.0

$0.0

$20.0

$40.0

$60.0

$80.0

$100.0

$120.0

$140.0

All Respondents Less than $100Million

$100 - $250Million

$250 - $500Million

$500 Million - $1Billion

$1 - $5Billion

$5 - $10Billion

Greater than$10 Billion

Average Base Salary ($000s) Average Total Comp ($000s)

© 2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 19 Canadian Data

Page 172: 2013 Risk Management Compensation Survey - RIMS

2013 Risk Management Compensation Survey

Manager - Insurance Management

Degree

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 46 $100.3 $106.4

HS/Associate 10 $107.7 $117.8

Bachelors 23 $95.9 $101.9

MA/MS 2 -- --

MBA 5 $103.2 $109.5

JD 0 -- --

Supervisory Responsibility

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 46 $100.3 $106.4

No 17 $88.7 $93.5

1 or Fewer 14 $105.9 $114.5

From 1 to 3 7 $106.1 $107.5

From 3 to 5 3 -- --

More than 5 5 $101.5 $108.9

Average Compensation by Degree

Average Compensation by Supervisory Responsibility

$1

00

.3

$1

07

.7

$9

5.9

$0

.0

$1

03

.2

$0

.0

$1

06

.4

$1

17

.8

$1

01

.9

$0

.0

$1

09

.5

$0

.0

$0.0

$20.0

$40.0

$60.0

$80.0

$100.0

$120.0

$140.0

All Respondents HS/Associate Bachelors MA/MS MBA JD

Average Base Salary ($000s) Average Total Comp ($000s)

$1

00

.3

$8

8.7

$1

05

.9

$1

06

.1

$0

.0

$1

01

.5

$1

06

.4

$9

3.5

$1

14

.5

$1

07

.5

$0

.0

$1

08

.9

$0.0

$20.0

$40.0

$60.0

$80.0

$100.0

$120.0

$140.0

All Respondents No 1 or Fewer From 1 to 3 From 3 to 5 More than 5

Average Base Salary ($000s) Average Total Comp ($000s)

© 2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 20 Canadian Data

Page 173: 2013 Risk Management Compensation Survey - RIMS

2013 Risk Management Compensation Survey

Manager - Insurance Management

Industry

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 46 $100.3 $106.4

Government 10 $90.5 $90.5

Utilities 7 $122.4 $130.0

Other 5 $111.8 $123.5

Province

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 46 $100.3 $106.4

AB 11 $120.6 $130.5

BC 5 $85.3 $85.3

ON 17 $92.8 $99.9

Average Compensation by Province

Average Compensation by Industry

$100.3

$90.5

$122.4

$111.8

$106.4

$90.5

$130.0

$123.5

$0.0 $20.0 $40.0 $60.0 $80.0 $100.0 $120.0 $140.0

All Respondents

Government

Utilities

Other

Average Base Salary ($000s) Average Total Comp ($000s)

$100.3

$120.6

$85.3

$92.8

$106.4

$130.5

$85.3

$99.9

$0.0 $20.0 $40.0 $60.0 $80.0 $100.0 $120.0 $140.0

All Respondents

AB

BC

ON

Average Base Salary ($000s) Average Total Comp ($000s)

© 2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 21 Canadian Data

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2013 Risk Management Compensation Survey

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© 2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 22

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2013 Risk Management Compensation Survey

Employee Benefits/Workers Compensation Claims Manager

No Data Available - Insufficient Sample Size

© 2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 23 Canadian Data

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2013 Risk Management Compensation Survey

This Page Intentionally Blank

© 2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 24

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2013 Risk Management Compensation Survey

Claims Manager

Ownership Type

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All RespondentsAll Respondents 12 $84.3 $87.5

Publicly TradedPublicly Traded 1 -- --

Private 3 -- --

Government 5 $73.1 $75.9

Not-for-Profit 2 -- --

Other 1 -- --

Revenue

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 12 $84.3 $87.5

Less than $100

Million2 -- --

$100 - $250 Million$100 - $250

Million2 -- --

$250 - $500 Million$250 - $500

Million1 -- --

$500 Million - $1 Billion 0 -- --

$1 - $5 Billion$1 - $5

Billion1 -- --

$5 - $10 Billion$5 - $10

Billion2 -- --

Greater than

$10 Billion1 -- --

Average Compensation by Ownership Type

Average Compensation by Revenue

$8

4.3

$0

.0

$0

.0

$7

3.1

$0

.0

$0

.0

$8

7.5

$0

.0

$0

.0

$7

5.9

$0

.0

$0

.0

$0.0

$10.0

$20.0

$30.0

$40.0

$50.0

$60.0

$70.0

$80.0

$90.0

$100.0

All Respondents Publicly Traded Private Government Not-for-Profit Other

Average Base Salary ($000s) Average Total Comp ($000s)

$8

4.3

$0

.0

$0

.0

$0

.0

$0

.0

$0

.0

$0

.0

$0

.0

$8

7.5

$0

.0

$0

.0

$0

.0

$0

.0

$0

.0

$0

.0

$0

.0

$0.0

$10.0

$20.0

$30.0

$40.0

$50.0

$60.0

$70.0

$80.0

$90.0

$100.0

All Respondents Less than $100Million

$100 - $250Million

$250 - $500Million

$500 Million - $1Billion

$1 - $5Billion

$5 - $10Billion

Greater than$10 Billion

Average Base Salary ($000s) Average Total Comp ($000s)

© 2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 25 Canadian Data

Page 178: 2013 Risk Management Compensation Survey - RIMS

2013 Risk Management Compensation Survey

Claims Manager

Degree

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 12 $84.3 $87.5

HS/Associate 4 -- --

Bachelors 2 -- --

MA/MS 0 -- --

MBA 0 -- --

JD 0 -- --

Supervisory Responsibility

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 12 $84.3 $87.5

No 6 $74.0 $78.8

1 or Fewer 2 -- --

From 1 to 3 3 -- --

From 3 to 5 1 -- --

More than 5 0 -- --

Average Compensation by Degree

Average Compensation by Supervisory Responsibility

$8

4.3

$0

.0

$0

.0

$0

.0

$0

.0

$0

.0

$8

7.5

$0

.0

$0

.0

$0

.0

$0

.0

$0

.0

$0.0

$10.0

$20.0

$30.0

$40.0

$50.0

$60.0

$70.0

$80.0

$90.0

$100.0

All Respondents HS/Associate Bachelors MA/MS MBA JD

Average Base Salary ($000s) Average Total Comp ($000s)

$8

4.3

$7

4.0

$0

.0

$0

.0

$0

.0

$0

.0

$8

7.5

$7

8.8

$0

.0

$0

.0

$0

.0

$0

.0

$0.0

$10.0

$20.0

$30.0

$40.0

$50.0

$60.0

$70.0

$80.0

$90.0

$100.0

All Respondents No 1 or Fewer From 1 to 3 From 3 to 5 More than 5

Average Base Salary ($000s) Average Total Comp ($000s)

© 2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 26 Canadian Data

Page 179: 2013 Risk Management Compensation Survey - RIMS

2013 Risk Management Compensation Survey

Claims Manager

Average Compensation by Province

No Breakdowns Available - Insufficient Sample Size

Average Compensation by Industry

No Breakdowns Available - Insufficient Sample Size

© 2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 27 Canadian Data

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2013 Risk Management Compensation Survey

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© 2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 28

Page 181: 2013 Risk Management Compensation Survey - RIMS

2013 Risk Management Compensation Survey

Environmental, Health or Safety Manager

No Data Available - Insufficient Sample Size

© 2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 29 Canadian Data

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2013 Risk Management Compensation Survey

This Page Intentionally Blank

© 2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 30

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2013 Risk Management Compensation Survey

Risk Management Analyst (Enterprise-Wide)

Ownership Type

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All RespondentsAll Respondents 32 $84.6 $89.9

Publicly TradedPublicly Traded 12 $94.4 $104.6

Private 4 -- --

Government 10 $78.0 $78.5

Not-for-Profit 5 $71.0 $71.9

Other 1 -- --

Revenue

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 32 $84.6 $89.9

Less than $100

Million3 -- --

$100 - $250 Million$100 - $250

Million4 -- --

$250 - $500 Million$250 - $500

Million0 -- --

$500 Million - $1 Billion 0 -- --

$1 - $5 Billion$1 - $5

Billion7 $88.3 $97.2

$5 - $10 Billion$5 - $10

Billion0 -- --

Greater than

$10 Billion7 $94.6 $102.0

Average Compensation by Ownership Type

Average Compensation by Revenue

$8

4.6

$9

4.4

$0

.0

$7

8.0

$7

1.0

$0

.0

$8

9.9

$1

04

.6

$0

.0

$7

8.5

$7

1.9

$0

.0

$0.0

$20.0

$40.0

$60.0

$80.0

$100.0

$120.0

All Respondents Publicly Traded Private Government Not-for-Profit Other

Average Base Salary ($000s) Average Total Comp ($000s)

$8

4.6

$0

.0

$0

.0

$0

.0

$0

.0

$8

8.3

$0

.0

$9

4.6

$8

9.9

$0

.0

$0

.0

$0

.0

$0

.0

$9

7.2

$0

.0

$1

02

.0

$0.0

$20.0

$40.0

$60.0

$80.0

$100.0

$120.0

All Respondents Less than $100Million

$100 - $250Million

$250 - $500Million

$500 Million - $1Billion

$1 - $5Billion

$5 - $10Billion

Greater than$10 Billion

Average Base Salary ($000s) Average Total Comp ($000s)

© 2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 31 Canadian Data

Page 184: 2013 Risk Management Compensation Survey - RIMS

2013 Risk Management Compensation Survey

Risk Management Analyst (Enterprise-Wide)

Degree

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 32 $84.6 $89.9

HS/Associate 5 $79.1 $79.9

Bachelors 14 $73.1 $78.0

MA/MS 2 -- --

MBA 3 -- --

JD 0 -- --

Supervisory Responsibility

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 32 $84.6 $89.9

No 26 $82.3 $85.1

1 or Fewer 5 $89.6 $103.5

From 1 to 3 0 -- --

From 3 to 5 0 -- --

More than 5 1 -- --

Average Compensation by Degree

Average Compensation by Supervisory Responsibility

$8

4.6

$7

9.1

$7

3.1

$0

.0

$0

.0

$0

.0

$8

9.9

$7

9.9

$7

8.0

$0

.0

$0

.0

$0

.0

$0.0

$10.0

$20.0

$30.0

$40.0

$50.0

$60.0

$70.0

$80.0

$90.0

$100.0

All Respondents HS/Associate Bachelors MA/MS MBA JD

Average Base Salary ($000s) Average Total Comp ($000s)

$8

4.6

$8

2.3

$8

9.6

$0

.0

$0

.0

$0

.0

$8

9.9

$8

5.1

$1

03

.5

$0

.0

$0

.0

$0

.0

$0.0

$20.0

$40.0

$60.0

$80.0

$100.0

$120.0

All Respondents No 1 or Fewer From 1 to 3 From 3 to 5 More than 5

Average Base Salary ($000s) Average Total Comp ($000s)

© 2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 32 Canadian Data

Page 185: 2013 Risk Management Compensation Survey - RIMS

2013 Risk Management Compensation Survey

Risk Management Analyst (Enterprise-Wide)

Industry

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 32 $84.6 $89.9

Energy 6 $109.5 $125.9

Government 7 $78.1 $78.1

Insurance 5 $78.2 $79.6

Province

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 32 $84.6 $89.9

AB 8 $104.6 $116.9

BC 6 $90.0 $94.2

ON 11 $70.2 $71.9

Average Compensation by Province

Average Compensation by Industry

$84.6

$109.5

$78.1

$78.2

$89.9

$125.9

$78.1

$79.6

$0.0 $20.0 $40.0 $60.0 $80.0 $100.0 $120.0 $140.0

All Respondents

Energy

Government

Insurance

Average Base Salary ($000s) Average Total Comp ($000s)

$84.6

$104.6

$90.0

$70.2

$89.9

$116.9

$94.2

$71.9

$0.0 $20.0 $40.0 $60.0 $80.0 $100.0 $120.0 $140.0

All Respondents

AB

BC

ON

Average Base Salary ($000s) Average Total Comp ($000s)

© 2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 33 Canadian Data

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2013 Risk Management Compensation Survey

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© 2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 34

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2013 Risk Management Compensation Survey

Risk Management Analyst

Ownership Type

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All RespondentsAll Respondents 31 $76.3 $79.3

Publicly TradedPublicly Traded 9 $79.2 $85.7

Private 6 $73.7 $79.2

Government 12 $77.7 $77.7

Not-for-Profit 2 -- --

Other 2 -- --

Revenue

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 31 $76.3 $79.3

Less than $100

Million5 $70.3 $72.3

$100 - $250 Million$100 - $250

Million1 -- --

$250 - $500 Million$250 - $500

Million0 -- --

$500 Million - $1 Billion 7 $70.6 $72.3

$1 - $5 Billion$1 - $5

Billion9 $83.2 $87.6

$5 - $10 Billion$5 - $10

Billion2 -- --

Greater than

$10 Billion1 -- --

Average Compensation by Ownership Type

Average Compensation by Revenue

$7

6.3

$7

9.2

$7

3.7

$7

7.7

$0

.0

$0

.0

$7

9.3

$8

5.7

$7

9.2

$7

7.7

$0

.0

$0

.0

$0.0

$10.0

$20.0

$30.0

$40.0

$50.0

$60.0

$70.0

$80.0

$90.0

All Respondents Publicly Traded Private Government Not-for-Profit Other

Average Base Salary ($000s) Average Total Comp ($000s)

$7

6.3

$7

0.3

$0

.0

$0

.0

$7

0.6

$8

3.2

$0

.0

$0

.0

$7

9.3

$7

2.3

$0

.0

$0

.0

$7

2.3

$8

7.6

$0

.0

$0

.0

$0.0

$10.0

$20.0

$30.0

$40.0

$50.0

$60.0

$70.0

$80.0

$90.0

$100.0

All Respondents Less than $100Million

$100 - $250Million

$250 - $500Million

$500 Million - $1Billion

$1 - $5Billion

$5 - $10Billion

Greater than$10 Billion

Average Base Salary ($000s) Average Total Comp ($000s)

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2013 Risk Management Compensation Survey

Risk Management Analyst

Degree

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 31 $76.3 $79.3

HS/Associate 4 -- --

Bachelors 11 $70.3 $72.5

MA/MS 0 -- --

MBA 2 -- --

JD 0 -- --

Supervisory Responsibility

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 31 $76.3 $79.3

No 25 $75.0 $77.8

1 or Fewer 3 -- --

From 1 to 3 2 -- --

From 3 to 5 0 -- --

More than 5 1 -- --

Average Compensation by Degree

Average Compensation by Supervisory Responsibility

$7

6.3

$0

.0

$7

0.3

$0

.0

$0

.0

$0

.0

$7

9.3

$0

.0

$7

2.5

$0

.0

$0

.0

$0

.0

$0.0

$10.0

$20.0

$30.0

$40.0

$50.0

$60.0

$70.0

$80.0

$90.0

All Respondents HS/Associate Bachelors MA/MS MBA JD

Average Base Salary ($000s) Average Total Comp ($000s)

$7

6.3

$7

5.0

$0

.0

$0

.0

$0

.0

$0

.0

$7

9.3

$7

7.8

$0

.0

$0

.0

$0

.0

$0

.0

$0.0

$10.0

$20.0

$30.0

$40.0

$50.0

$60.0

$70.0

$80.0

$90.0

All Respondents No 1 or Fewer From 1 to 3 From 3 to 5 More than 5

Average Base Salary ($000s) Average Total Comp ($000s)

© 2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 36 Canadian Data

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2013 Risk Management Compensation Survey

Risk Management Analyst

Industry

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 31 $76.3 $79.3

Education 6 $69.2 $69.2

Energy 7 $79.8 $85.5

Government 6 $83.4 $83.4

Province

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 31 $76.3 $79.3

AB 10 $81.2 $86.0

ON 9 $75.8 $77.6

Average Compensation by Province

Average Compensation by Industry

$76.3

$69.2

$79.8

$83.4

$79.3

$69.2

$85.5

$83.4

$0.0 $10.0 $20.0 $30.0 $40.0 $50.0 $60.0 $70.0 $80.0 $90.0

All Respondents

Education

Energy

Government

Average Base Salary ($000s) Average Total Comp ($000s)

$76.3

$81.2

$75.8

$79.3

$86.0

$77.6

$0.0 $10.0 $20.0 $30.0 $40.0 $50.0 $60.0 $70.0 $80.0 $90.0 $100.0

All Respondents

AB

ON

Average Base Salary ($000s) Average Total Comp ($000s)

© 2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 37 Canadian Data

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2013 Risk Management Compensation Survey

This Page Intentionally Blank

© 2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 38

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2013 Risk Management Compensation Survey

Claims Analyst

Ownership Type

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All RespondentsAll Respondents 7 $60.4 $60.4

Publicly TradedPublicly Traded 0 -- --

Private 0 -- --

Government 7 $60.4 $60.4

Not-for-Profit 0 -- --

Other 0 -- --

Average Compensation by Ownership Type

Average Compensation by Revenue

No Breakdowns Available - Insufficient Sample Size$

60

.4

$0

.0

$0

.0

$6

0.4

$0

.0

$0

.0

$6

0.4

$0

.0

$0

.0

$6

0.4

$0

.0

$0

.0

$0.0

$10.0

$20.0

$30.0

$40.0

$50.0

$60.0

$70.0

All Respondents Publicly Traded Private Government Not-for-Profit Other

Average Base Salary ($000s) Average Total Comp ($000s)

© 2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 39 Canadian Data

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2013 Risk Management Compensation Survey

Claims Analyst

Supervisory Responsibility

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 7 $60.4 $60.4

No 6 $60.6 $60.6

1 or Fewer 1 -- --

From 1 to 3 0 -- --

From 3 to 5 0 -- --

More than 5 0 -- --

Average Compensation by Degree

Average Compensation by Supervisory Responsibility

No Breakdowns Available - Insufficient Sample Size

$6

0.4

$6

0.6

$0

.0

$0

.0

$0

.0

$0

.0

$6

0.4

$6

0.6

$0

.0

$0

.0

$0

.0

$0

.0

$0.0

$10.0

$20.0

$30.0

$40.0

$50.0

$60.0

$70.0

All Respondents No 1 or Fewer From 1 to 3 From 3 to 5 More than 5

Average Base Salary ($000s) Average Total Comp ($000s)

© 2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 40 Canadian Data

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2013 Risk Management Compensation Survey

Claims Analyst

Average Compensation by Province

No Breakdowns Available - Insufficient Sample Size

Average Compensation by Industry

No Breakdowns Available - Insufficient Sample Size

© 2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 41 Canadian Data

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2013 Risk Management Compensation Survey

This Page Intentionally Blank

© 2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 42

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2013 Risk Management Compensation Survey

Chief Risk Officer | Vice President - Risk Management | Vice President - Strategic and Enterprise Risk

Cash Compensation (All dollar amounts are displayed in CAD $000s)

Scope

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

All Respondents 18 $173.6 $150.0 $175.0 $200.0 10 $58.2 $45.0 $55.0 $70.0 9 33.0% 30.0% 18 $205.9 $153.0 $202.5 $258.0 12.9 10.0

Ownership Type

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Publicly Traded 2 -- -- -- -- 2 -- -- -- -- 2 -- -- 2 -- -- -- -- -- --

Private 5 $176.0 -- $175.0 -- 3 -- -- -- -- 3 -- -- 5 $222.0 -- $220.0 -- 6.6 7.0

Government 6 $171.3 -- $146.5 -- 3 -- -- -- -- 3 -- -- 6 $199.5 -- $169.0 -- 18.3 14.0

Not-for-Profit 3 -- -- -- -- 1 -- -- -- -- 1 -- -- 3 -- -- -- -- -- --

Other 2 -- -- -- -- 1 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --

Revenue

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Less than $100 Million 3 -- -- -- -- 2 -- -- -- -- 2 -- -- 3 -- -- -- -- -- --

$100 - $250 Million 3 -- -- -- -- 1 -- -- -- -- 0 -- -- 3 -- -- -- -- -- --

$250 - $500 Million 3 -- -- -- -- 1 -- -- -- -- 1 -- -- 3 -- -- -- -- -- --

$500 Million - $1 Billion 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --

$1 - $5 Billion 6 $192.7 -- $187.5 -- 4 -- -- -- -- 4 -- -- 6 $240.8 -- $247.5 -- 18.3 17.0

$5 - $10 Billion 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --

Greater than $10 Billion 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --

Degree

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

High School/Associate Degree 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --

Bachelors 5 $170.0 -- $175.0 -- 4 -- -- -- -- 3 -- -- 5 $225.0 -- $225.0 -- 16.4 9.0

MA/MS 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --

MBA 4 -- -- -- -- 1 -- -- -- -- 0 -- -- 4 -- -- -- -- -- --

JD 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --

Ph.D 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --

Supervisory Responsibility

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

No 1 -- -- -- -- 1 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --

1 or Fewer 2 -- -- -- -- 0 -- -- -- -- 1 -- -- 2 -- -- -- -- -- --

From 1 to 3 4 -- -- -- -- 3 -- -- -- -- 3 -- -- 4 -- -- -- -- -- --

From 3 to 5 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --

More than 5 6 $179.3 -- $188.5 -- 3 -- -- -- -- 2 -- -- 6 $208.5 -- $216.0 -- 11.0 11.0

Description of Responsibilities: Plans and directs all aspects of an organization's risk management policies, objectives, and initiatives. Responsible for the development and execution of the organization’s enterprise risk and risk appetite

frameworks, and related processes to achieve the organization’s short- and long-term strategic, financial and operational goals. Directs the development of the organization’s risk practices as an interrelated risk portfolio to create, capture and

protect the enterprise value. Seeks ways to optimize risk decision making in the organization as a competitive advantage, using multiple techniques and solutions. Recognized as a dynamic, proactive and decisive risk leader. Possesses a broad-

based operational perspective, an intimate knowledge of internal business processes and understanding of the organization’s industry. Adapts well to and initiates change in the organization. Demonstrates expertise in a variety of the field's

concepts, practices, and procedures. Relies on extensive personal leadership skills, network of internal and external alliances, experience and judgment to plan and accomplish goals. Performs a variety of tasks. Leads and directs the work of

others. A wide degree of creativity and latitude is expected. Key traits for the individual in this position are: highly developed communications, team player, change agent, strategic and creative, excellent project management skills and the

ability to drive performance from all areas within the organization.

Position level/Reporting Structure: This person typically reports to the CEO, President, Principal or Executive Director They are identified as the top risk executive in the company and may be the CFO or COO if these positions are identified as

the person responsible for all activities relating to risk within the organization.

Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt

© 2013 Risk and Insurance Management Society, Inc. (RIMS) IX - 1 Canadian Data

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2013 Risk Management Compensation Survey

Chief Risk Officer | Vice President - Risk Management | Vice President - Strategic and Enterprise RiskDescription of Responsibilities: Plans and directs all aspects of an organization's risk management policies, objectives, and initiatives. Responsible for the development and execution of the organization’s enterprise risk and risk appetite

frameworks, and related processes to achieve the organization’s short- and long-term strategic, financial and operational goals. Directs the development of the organization’s risk practices as an interrelated risk portfolio to create, capture and

protect the enterprise value. Seeks ways to optimize risk decision making in the organization as a competitive advantage, using multiple techniques and solutions. Recognized as a dynamic, proactive and decisive risk leader. Possesses a broad-

based operational perspective, an intimate knowledge of internal business processes and understanding of the organization’s industry. Adapts well to and initiates change in the organization. Demonstrates expertise in a variety of the field's

concepts, practices, and procedures. Relies on extensive personal leadership skills, network of internal and external alliances, experience and judgment to plan and accomplish goals. Performs a variety of tasks. Leads and directs the work of

others. A wide degree of creativity and latitude is expected. Key traits for the individual in this position are: highly developed communications, team player, change agent, strategic and creative, excellent project management skills and the

ability to drive performance from all areas within the organization.

Position level/Reporting Structure: This person typically reports to the CEO, President, Principal or Executive Director They are identified as the top risk executive in the company and may be the CFO or COO if these positions are identified as

the person responsible for all activities relating to risk within the organization.

Cash Compensation (All dollar amounts are displayed in CAD $000s)

Scope

Industry

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Scope

Province

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

BC 8 $180.6 -- $176.0 -- 5 $63.0 -- $60.0 -- 3 -- -- 8 $220.0 -- $223.5 -- 12.1 9.5

Respondent Characteristics

Male 83.3% Yes 66.7%

Female 16.7% No 33.3%

Did Not Indicate 0.0% Did Not Indicate 0.0%

High School/Associate Degree 5.6% Incentive Stock Options (ISOs) 8.3%

Bachelors 27.8% Non-Qualified Stock Options (NQSOs) 0.0%

MA/MS 5.6% Restricted Stock 25.0%

MBA 22.2% Stock Appreciation Rights (SARs) 0.0%

JD 5.6% Performance Shares 8.3%

MD 0.0% Performance Units 16.7%

Ph.D 5.6% Long-Term Cash 50.0%

Other 27.8% None of the Above Received 8.3%

* Only includes those eligible for LTI

Parent 66.7% Yes 94.4%

Division 0.0% No 5.6%

Subsidiary 16.7%

Single Location 11.1%

Other 5.6%

Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt

No Breakdowns Available - Insufficient Sample Size

Degree Type of Long-term Incentives Received*

Type of Organization Where Employed Supervise Individuals

Gender Long-Term Incentive Eligible

Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt

© 2013 Risk and Insurance Management Society, Inc. (RIMS) IX - 2 Canadian Data

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2013 Risk Management Compensation Survey

Director - Business Continuity/Financial/IT Risk Management

Cash Compensation (All dollar amounts are displayed in CAD $000s)

Scope

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

All Respondents 7 $132.0 -- $132.0 -- 4 -- -- -- -- 3 -- -- 7 $154.8 -- $132.0 -- 11.9 12.0

Ownership Type

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Publicly Traded 3 -- -- -- -- 3 -- -- -- -- 3 -- -- 3 -- -- -- -- -- --

Private 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --

Government 1 -- -- -- -- 1 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --

Not-for-Profit 2 -- -- -- -- 0 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --

Other #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A

Revenue

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Less than $100 Million 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

$100 - $250 Million 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --

$250 - $500 Million 1 -- -- -- -- 1 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --

$500 Million - $1 Billion 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --

$1 - $5 Billion 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --

$5 - $10 Billion 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --

Greater than $10 Billion 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --

Degree

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

High School/Associate Degree 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --

Bachelors 4 -- -- -- -- 2 -- -- -- -- 1 -- -- 4 -- -- -- -- -- --

MA/MS 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

MBA 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --

JD 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Ph.D 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Supervisory Responsibility

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

No 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --

1 or Fewer 2 -- -- -- -- 1 -- -- -- -- 1 -- -- 2 -- -- -- -- -- --

From 1 to 3 2 -- -- -- -- 1 -- -- -- -- 1 -- -- 2 -- -- -- -- -- --

From 3 to 5 2 -- -- -- -- 2 -- -- -- -- 1 -- -- 2 -- -- -- -- -- --

More than 5 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Combination of data from the Director - Business Continuity Management, Director - Financial Risk Management (Commodity, Credit, Interest Rates, and/or Foreign Currency), & Director - IT Risk Management positions.

See pages 9 though 14 in Section I of this report for a detailed job description of all positions.

Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt

© 2013 Risk and Insurance Management Society, Inc. (RIMS) IX - 3 Canadian Data

Page 198: 2013 Risk Management Compensation Survey - RIMS

2013 Risk Management Compensation Survey

Director - Business Continuity/Financial/IT Risk ManagementCombination of data from the Director - Business Continuity Management, Director - Financial Risk Management (Commodity, Credit, Interest Rates, and/or Foreign Currency), & Director - IT Risk Management positions.

See pages 9 though 14 in Section I of this report for a detailed job description of all positions.

Cash Compensation (All dollar amounts are displayed in CAD $000s)

Scope

Industry

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Scope

Province

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Respondent Characteristics

Male 85.7% Yes 14.3%

Female 14.3% No 85.7%

Did Not Indicate 0.0% Did Not Indicate 0.0%

High School/Associate Degree 14.3% Incentive Stock Options (ISOs) --

Bachelors 57.1% Non-Qualified Stock Options (NQSOs) --

MA/MS 0.0% Restricted Stock --

MBA 14.3% Stock Appreciation Rights (SARs) --

JD 0.0% Performance Shares --

MD 0.0% Performance Units --

Ph.D 0.0% Long-Term Cash --

Other 14.3% None of the Above Received --

* Insufficient Sample; Only includes those eligible for LTI

Parent 42.9% Yes 85.7%

Division 0.0% No 14.3%

Subsidiary 14.3%

Single Location 28.6%

Other 14.3%

Type of Organization Where Employed Supervise Individuals

Base Salary Bonus Amount Target Bonus

No Breakdowns Available - Insufficient Sample Size

Gender Long-Term Incentive Eligible

Degree Type of Long-term Incentives Received*

Total Cash Compensation Yrs. In Risk Mgmt

Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt

No Breakdowns Available - Insufficient Sample Size

© 2013 Risk and Insurance Management Society, Inc. (RIMS) IX - 4 Canadian Data

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2013 Risk Management Compensation Survey

Director - Enterprise Risk Management (ERM)/Strategic Risk Management / Risk Intelligence

Cash Compensation (All dollar amounts are displayed in CAD $000s)

Scope

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

All Respondents 36 $122.8 $99.0 $110.0 $129.0 11 $18.4 $6.4 $7.8 $35.0 8 29.0% 21.0% 36 $128.4 $100.0 $115.6 $135.5 13.2 11.5

Ownership Type

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Publicly Traded 5 $205.2 -- $165.0 -- 2 -- -- -- -- 4 -- -- 5 $225.2 -- $200.0 -- 16.2 15.0

Private 6 $112.0 -- $113.0 -- 4 -- -- -- -- 0 -- -- 6 $123.7 -- $119.0 -- 12.7 11.0

Government 16 $113.4 $101.0 $109.2 $125.0 3 -- -- -- -- 3 -- -- 16 $114.9 $101.0 $113.1 $125.1 11.2 10.4

Not-for-Profit 7 $103.8 -- $110.0 -- 2 -- -- -- -- 0 -- -- 7 $105.2 -- $110.0 -- 16.3 17.0

Other 2 -- -- -- -- 0 -- -- -- -- 1 -- -- 2 -- -- -- -- -- --

Revenue

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Less than $100 Million 9 $99.9 -- $100.0 -- 3 -- -- -- -- 1 -- -- 9 $102.5 -- $100.0 -- 13.0 13.0

$100 - $250 Million 2 -- -- -- -- 1 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --

$250 - $500 Million 4 -- -- -- -- 1 -- -- -- -- 1 -- -- 4 -- -- -- -- -- --

$500 Million - $1 Billion 5 $121.9 -- $110.0 -- 2 -- -- -- -- 1 -- -- 5 $124.1 -- $113.5 -- 15.0 15.0

$1 - $5 Billion 11 $114.8 $102.0 $108.3 $125.0 2 -- -- -- -- 3 -- -- 11 $120.0 $102.0 $116.1 $125.0 12.5 10.0

$5 - $10 Billion 1 -- -- -- -- 0 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --

Greater than $10 Billion 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --

Degree

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

High School/Associate Degree 6 $123.8 -- $116.8 -- 5 $14.2 -- $7.7 -- 2 -- -- 6 $135.6 -- $130.6 -- 23.2 27.5

Bachelors 9 $105.4 -- $95.0 -- 2 -- -- -- -- 3 -- -- 9 $111.8 -- $95.0 -- 13.9 13.0

MA/MS 3 -- -- -- -- 0 -- -- -- -- 0 -- -- 3 -- -- -- -- -- --

MBA 8 $130.0 -- $125.0 -- 0 -- -- -- -- 0 -- -- 8 $130.0 -- $125.0 -- 12.9 11.5

JD 1 -- -- -- -- 0 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --

Ph.D 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --

Supervisory Responsibility

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

No 14 $130.8 $100.0 $108.5 $125.0 3 -- -- -- -- 2 -- -- 14 $134.2 $102.0 $108.5 $125.2 13.1 12.0

1 or Fewer 8 $117.2 -- $113.0 -- 6 $24.0 -- $15.0 -- 3 -- -- 8 $135.2 -- $120.0 -- 13.2 12.5

From 1 to 3 6 $107.4 -- $105.0 -- 1 -- -- -- -- 1 -- -- 6 $108.0 -- $106.8 -- 16.0 12.5

From 3 to 5 4 -- -- -- -- 1 -- -- -- -- 1 -- -- 4 -- -- -- -- -- --

More than 5 3 -- -- -- -- 0 -- -- -- -- 0 -- -- 3 -- -- -- -- -- --

Combination of data from the Director - Enterprise Risk Management (ERM) & Director - Strategic Risk Management / Risk Intelligence positions.

See pages 9 though 14 in Section I of this report for a detailed job description of all positions.

Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt

© 2013 Risk and Insurance Management Society, Inc. (RIMS) IX - 5 Canadian Data

Page 200: 2013 Risk Management Compensation Survey - RIMS

2013 Risk Management Compensation Survey

Director - Enterprise Risk Management (ERM)/Strategic Risk Management / Risk IntelligenceCombination of data from the Director - Enterprise Risk Management (ERM) & Director - Strategic Risk Management / Risk Intelligence positions.

See pages 9 though 14 in Section I of this report for a detailed job description of all positions.

Cash Compensation (All dollar amounts are displayed in CAD $000s)

Scope

Industry

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Education 7 $116.1 -- $115.0 -- 1 -- -- -- -- 0 -- -- 7 $116.6 -- $115.0 -- 13.1 12.0

Government 9 $116.1 -- $110.0 -- 1 -- -- -- -- 1 -- -- 9 $116.9 -- $110.0 -- 11.2 6.0

Insurance 5 $102.0 -- $100.0 -- 1 -- -- -- -- 1 -- -- 5 $103.0 -- $100.0 -- 11.2 7.0

Scope

Province

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

AB 10 $142.1 $108.3 $115.5 $125.0 3 -- -- -- -- 3 -- -- 10 $145.6 $110.0 $120.6 $136.0 10.3 7.9

ON 10 $124.2 $105.0 $119.0 $150.0 3 -- -- -- -- 3 -- -- 10 $134.9 $105.0 $119.0 $171.0 14.2 12.5

SK 6 $109.5 -- $105.0 -- 2 -- -- -- -- 1 -- -- 6 $111.8 -- $106.8 -- 11.0 8.0

Respondent Characteristics

Male 61.1% Yes 13.9%

Female 38.9% No 86.1%

Did Not Indicate 0.0% Did Not Indicate 0.0%

High School/Associate Degree 16.7% Incentive Stock Options (ISOs) 20.0%

Bachelors 25.0% Non-Qualified Stock Options (NQSOs) 0.0%

MA/MS 8.3% Restricted Stock 80.0%

MBA 22.2% Stock Appreciation Rights (SARs) 0.0%

JD 2.8% Performance Shares 0.0%

MD 0.0% Performance Units 20.0%

Ph.D 2.8% Long-Term Cash 0.0%

Other 22.2% None of the Above Received 0.0%

* Only includes those eligible for LTI

Parent 52.8% Yes 61.1%

Division 8.3% No 38.9%

Subsidiary 5.6%

Single Location 11.1%

Other 22.2%

Gender Long-Term Incentive Eligible

Degree Type of Long-term Incentives Received*

Type of Organization Where Employed Supervise Individuals

Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt

Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt

© 2013 Risk and Insurance Management Society, Inc. (RIMS) IX - 6 Canadian Data

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2013 Risk Management Compensation Survey

Director - Insurance and Risk Management

Cash Compensation (All dollar amounts are displayed in CAD $000s)

Scope

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

All Respondents 80 $119.1 $97.0 $111.8 $140.0 45 $24.9 $12.0 $20.0 $30.0 29 22.0% 20.0% 80 $133.1 $100.5 $120.0 $149.8 17.8 18.0

Ownership Type

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Publicly Traded 22 $125.3 $101.7 $127.5 $140.9 20 $32.6 $15.0 $20.5 $41.0 14 28.0% 23.0% 22 $154.9 $116.7 $147.0 $180.0 15.5 16.5

Private 17 $120.2 $95.0 $118.0 $140.0 15 $21.1 $5.0 $20.0 $25.0 9 18.0% 15.0% 17 $138.9 $110.0 $140.0 $149.5 19.9 18.0

Government 26 $113.1 $98.0 $105.5 $132.0 4 -- -- -- -- 3 -- -- 26 $116.1 $98.0 $106.8 $134.0 18.9 19.0

Not-for-Profit 13 $115.2 $86.0 $105.0 $112.0 5 $8.1 -- $5.0 -- 2 -- -- 13 $118.3 $86.2 $105.0 $121.5 16.5 16.0

Other 2 -- -- -- -- 1 -- -- -- -- 1 -- -- 2 -- -- -- -- -- --

Revenue

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Less than $100 Million 4 -- -- -- -- 2 -- -- -- -- 2 -- -- 4 -- -- -- -- -- --

$100 - $250 Million 9 $106.4 -- $101.6 -- 2 -- -- -- -- 0 -- -- 9 $109.1 -- $101.6 -- 18.4 21.0

$250 - $500 Million 7 $128.2 -- $120.0 -- 2 -- -- -- -- 1 -- -- 7 $133.4 -- $120.0 -- 21.6 20.0

$500 Million - $1 Billion 7 $107.1 -- $104.0 -- 4 -- -- -- -- 2 -- -- 7 $117.3 -- $105.0 -- 14.7 14.0

$1 - $5 Billion 23 $122.8 $94.0 $130.0 $145.0 16 $22.5 $13.8 $20.0 $30.0 13 26.0% 15.0% 23 $138.5 $104.0 $145.0 $166.5 16.8 19.0

$5 - $10 Billion 6 $119.7 -- $110.5 -- 4 -- -- -- -- 4 -- -- 6 $134.8 -- $125.5 -- 16.5 17.0

Greater than $10 Billion 13 $124.7 $97.0 $118.0 $138.0 9 $40.7 -- $25.0 -- 4 -- -- 13 $152.9 $106.0 $140.0 $175.5 20.2 18.0

Degree

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

High School/Associate Degree 16 $107.7 $94.5 $103.3 $119.0 10 $17.8 $7.5 $13.5 $25.0 5 20.0% 15.0% 16 $118.8 $100.5 $108.0 $134.0 20.1 20.0

Bachelors 38 $120.0 $97.0 $114.0 $140.9 22 $28.2 $15.0 $20.0 $30.0 16 23.0% 20.0% 38 $136.3 $104.0 $126.5 $150.0 18.3 17.5

MA/MS 1 -- -- -- -- 1 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --

MBA 10 $131.6 $117.0 $134.0 $140.6 7 $31.6 -- $30.6 -- 5 23.0% 20.0% 10 $153.7 $117.0 $157.3 $179.0 13.8 16.0

JD 3 -- -- -- -- 1 -- -- -- -- 1 -- -- 3 -- -- -- -- -- --

Ph.D 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Supervisory Responsibility

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

No 16 $109.2 $89.5 $95.0 $135.5 12 $16.9 $5.0 $10.5 $25.0 5 19.0% 20.0% 16 $121.9 $89.5 $110.5 $136.3 12.4 12.0

1 or Fewer 16 $123.0 $100.5 $122.5 $135.0 11 $29.1 $15.0 $20.0 $23.0 7 27.0% 15.0% 16 $143.0 $111.3 $138.8 $149.8 19.9 20.0

From 1 to 3 17 $118.0 $98.0 $106.1 $140.9 9 $26.0 -- $18.0 -- 8 21.0% 18.0% 17 $131.8 $98.0 $121.5 $167.0 18.3 20.0

From 3 to 5 10 $112.9 $99.0 $106.6 $125.0 5 $19.7 -- $20.0 -- 4 -- -- 10 $122.8 $101.0 $114.1 $140.0 22.3 21.5

More than 5 16 $127.2 $103.3 $115.0 $147.5 5 $40.3 -- $42.0 -- 4 -- -- 16 $139.8 $103.3 $126.0 $177.3 17.7 19.5

Description of Responsibilities: This is a senior insurance and risk management position in an organization, with authority to make decisions on risk management issues affecting the organization. This person is usually not the CEO, CFO or COO

unless they spend more than 50% of their time directly involved in, and accountable for, risk management activities/issues affecting the organization. Accountable for protecting the achievement of organizational objectives, ensuring effective

hazard (typically insurable risks) risk management for the organization and supervising, leading and/or directing key internal risk stakeholders. This person typically is responsible for the process of identifying, measuring and managing

insurable or hazard risks, developing reports and plans, and analyzing risk/insurance problems and defining and/or overseeing the implementation of the risk solutions that help avoid, transfer or mitigate risks in order to optimize operations.

Position level/ Reporting Structure: Reports findings on risk exposures to senior executives and/or the organization's board of directors, and implements strategies to manage insurable and/or hazard risks. Operationally reports to the Chief

Financial Officer, Chief Risk Officer, or other corporate level officer designee.

Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt

© 2013 Risk and Insurance Management Society, Inc. (RIMS) IX - 7 Canadian Data

Page 202: 2013 Risk Management Compensation Survey - RIMS

2013 Risk Management Compensation Survey

Director - Insurance and Risk ManagementDescription of Responsibilities: This is a senior insurance and risk management position in an organization, with authority to make decisions on risk management issues affecting the organization. This person is usually not the CEO, CFO or COO

unless they spend more than 50% of their time directly involved in, and accountable for, risk management activities/issues affecting the organization. Accountable for protecting the achievement of organizational objectives, ensuring effective

hazard (typically insurable risks) risk management for the organization and supervising, leading and/or directing key internal risk stakeholders. This person typically is responsible for the process of identifying, measuring and managing

insurable or hazard risks, developing reports and plans, and analyzing risk/insurance problems and defining and/or overseeing the implementation of the risk solutions that help avoid, transfer or mitigate risks in order to optimize operations.

Position level/ Reporting Structure: Reports findings on risk exposures to senior executives and/or the organization's board of directors, and implements strategies to manage insurable and/or hazard risks. Operationally reports to the Chief

Financial Officer, Chief Risk Officer, or other corporate level officer designee.

Cash Compensation (All dollar amounts are displayed in CAD $000s)

Scope

Industry

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Education 13 $112.6 $86.0 $99.0 $131.1 2 -- -- -- -- 0 -- -- 13 $112.7 $86.2 $99.0 $131.1 13.6 13.0

Energy 6 $147.1 -- $147.5 -- 6 $38.7 -- $42.5 -- 5 24.0% 25.0% 6 $185.8 -- $190.0 -- 13.8 13.5

Government 21 $109.8 $97.0 $104.0 $120.0 2 -- -- -- -- 0 -- -- 21 $110.4 $98.0 $104.0 $120.0 20.8 21.0

Mfg - Nondurable (includes Food, Paper & Allied

Products)7 $121.8 -- $117.0 -- 5 $20.1 -- $20.0 -- 4 -- -- 7 $136.2 -- $117.0 -- 15.1 19.0

Telecommunications 6 $102.4 -- $99.3 -- 5 $17.0 -- $18.0 -- 3 -- -- 6 $116.6 -- $115.8 -- 17.0 17.0

Transportation 5 $114.2 -- $95.0 -- 4 -- -- -- -- 3 -- -- 5 $124.1 -- $104.0 -- 13.2 12.0

Scope

Province

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

AB 17 $120.6 $101.0 $111.5 $145.0 10 $26.1 $7.5 $19.0 $45.0 6 22.0% 20.0% 17 $135.9 $107.5 $115.0 $157.0 15.7 12.0

BC 8 $105.2 -- $101.6 -- 3 -- -- -- -- 2 -- -- 8 $111.2 -- $105.0 -- 18.6 16.5

ON 33 $122.5 $99.0 $120.0 $138.0 20 $27.4 $6.5 $18.3 $33.8 11 21.0% 20.0% 33 $139.1 $104.0 $125.0 $166.5 18.5 19.0

QC 9 $133.0 -- $130.0 -- 9 $22.2 -- $20.0 -- 7 27.0% 15.0% 9 $155.2 -- $150.0 -- 19.2 20.0

Respondent Characteristics

Male 62.5% Yes 26.2%

Female 37.5% No 73.8%

Did Not Indicate 0.0% Did Not Indicate 0.0%

High School/Associate Degree 20.0% Incentive Stock Options (ISOs) 42.9%

Bachelors 47.5% Non-Qualified Stock Options (NQSOs) 14.3%

MA/MS 1.2% Restricted Stock 9.5%

MBA 12.5% Stock Appreciation Rights (SARs) 4.8%

JD 3.8% Performance Shares 19.0%

MD 0.0% Performance Units 23.8%

Ph.D 0.0% Long-Term Cash 19.0%

Other 15.0% None of the Above Received 0.0%

* Only includes those eligible for LTI

Parent 60.0% Yes 80.0%

Division 7.5% No 20.0%

Subsidiary 5.0%

Single Location 11.2%

Other 16.2%

Gender Long-Term Incentive Eligible

Degree Type of Long-term Incentives Received*

Type of Organization Where Employed Supervise Individuals

Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt

Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt

© 2013 Risk and Insurance Management Society, Inc. (RIMS) IX - 8 Canadian Data

Page 203: 2013 Risk Management Compensation Survey - RIMS

2013 Risk Management Compensation Survey

Manager - Insurance Management

Cash Compensation (All dollar amounts are displayed in CAD $000s)

Scope

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

All Respondents 46 $100.3 $83.5 $94.0 $117.0 22 $12.7 $8.9 $10.8 $15.0 21 14.0% 15.0% 46 $106.4 $85.0 $97.1 $122.0 10.7 9.5

Ownership Type

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Publicly Traded 14 $114.7 $88.0 $113.8 $135.0 13 $14.4 $9.5 $11.0 $15.0 12 15.0% 15.0% 14 $128.0 $96.5 $124.3 $162.0 8.0 7.5

Private 8 $87.1 -- $83.3 -- 4 -- -- -- -- 4 -- -- 8 $93.8 -- $87.5 -- 10.5 10.0

Government 17 $97.7 $82.0 $95.0 $117.0 3 -- -- -- -- 4 -- -- 17 $99.2 $82.0 $96.5 $118.0 12.4 7.0

Not-for-Profit 5 $93.5 -- $93.0 -- 1 -- -- -- -- 1 -- -- 5 $93.8 -- $93.0 -- 13.8 10.0

Other 2 -- -- -- -- 1 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --

Revenue

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Less than $100 Million 3 -- -- -- -- 1 -- -- -- -- 0 -- -- 3 -- -- -- -- -- --

$100 - $250 Million 6 $102.5 -- $101.9 -- 2 -- -- -- -- 2 -- -- 6 $104.1 -- $101.9 -- 9.1 8.5

$250 - $500 Million 5 $102.0 -- $107.5 -- 1 -- -- -- -- 0 -- -- 5 $104.2 -- $107.5 -- 14.6 10.0

$500 Million - $1 Billion 5 $101.0 -- $83.0 -- 3 -- -- -- -- 3 -- -- 5 $113.2 -- $103.0 -- 10.6 10.0

$1 - $5 Billion 10 $116.8 $88.0 $113.8 $156.0 9 $14.0 -- $10.0 -- 7 15.0% 15.0% 10 $129.4 $97.8 $120.0 $166.0 9.7 7.8

$5 - $10 Billion 4 -- -- -- -- 2 -- -- -- -- 3 -- -- 4 -- -- -- -- -- --

Greater than $10 Billion 4 -- -- -- -- 2 -- -- -- -- 3 -- -- 4 -- -- -- -- -- --

Degree

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

High School/Associate Degree 10 $107.7 $75.0 $90.0 $156.0 5 $20.2 -- $15.0 -- 5 18.0% 20.0% 10 $117.8 $83.5 $97.5 $166.0 15.8 14.0

Bachelors 23 $95.9 $84.0 $90.0 $110.0 13 $10.6 $8.9 $10.0 $11.5 10 14.0% 14.0% 23 $101.9 $87.3 $96.5 $121.0 10.4 10.0

MA/MS 2 -- -- -- -- 0 -- -- -- -- 1 -- -- 2 -- -- -- -- -- --

MBA 5 $103.2 -- $100.0 -- 3 -- -- -- -- 4 -- -- 5 $109.5 -- $100.0 -- 4.6 5.0

JD 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Ph.D 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Supervisory Responsibility

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

No 17 $88.7 $80.0 $86.0 $93.0 8 $10.1 -- $10.8 -- 8 15.0% 15.0% 17 $93.5 $84.0 $90.5 $96.5 10.3 8.5

1 or Fewer 14 $105.9 $83.5 $102.5 $119.0 10 $12.0 $8.0 $10.5 $15.0 9 14.0% 13.0% 14 $114.5 $95.0 $107.3 $130.0 9.2 10.0

From 1 to 3 7 $106.1 -- $103.8 -- 1 -- -- -- -- 2 -- -- 7 $107.5 -- $103.8 -- 19.0 15.0

From 3 to 5 3 -- -- -- -- 1 -- -- -- -- 1 -- -- 3 -- -- -- -- -- --

More than 5 5 $101.5 -- $100.0 -- 2 -- -- -- -- 1 -- -- 5 $108.9 -- $105.0 -- 7.0 5.0

Responsibilities include directing the purchase of insurance programs, management of claims and loss control activities, management of relationships with third party service providers including brokers, insurers, consultants and other

administrators, preparing loss analyses and budgets, identifying exposures, recommending solutions, implementing approved programs, promoting loss prevention, updating and monitoring compliance with insurance procedures and

managing safety/risk management manuals.

Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt

© 2013 Risk and Insurance Management Society, Inc. (RIMS) IX - 9 Canadian Data

Page 204: 2013 Risk Management Compensation Survey - RIMS

2013 Risk Management Compensation Survey

Manager - Insurance ManagementResponsibilities include directing the purchase of insurance programs, management of claims and loss control activities, management of relationships with third party service providers including brokers, insurers, consultants and other

administrators, preparing loss analyses and budgets, identifying exposures, recommending solutions, implementing approved programs, promoting loss prevention, updating and monitoring compliance with insurance procedures and

managing safety/risk management manuals.

Cash Compensation (All dollar amounts are displayed in CAD $000s)

Scope

Industry

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Government 10 $90.5 $75.0 $86.0 $103.8 0 -- -- -- -- 0 -- -- 10 $90.5 $75.0 $86.0 $103.8 14.1 7.5

Utilities 7 $122.4 -- $118.0 -- 5 $10.7 -- $10.0 -- 4 -- -- 7 $130.0 -- $122.0 -- 12.6 12.0

Other 5 $111.8 -- $100.0 -- 4 -- -- -- -- 3 -- -- 5 $123.5 -- $105.0 -- 7.2 5.0

Scope

Province

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

AB 11 $120.6 $107.5 $119.0 $135.0 8 $13.5 -- $11.0 -- 6 15.0% 15.0% 11 $130.5 $107.5 $130.0 $135.0 7.3 8.5

BC 5 $85.3 -- $87.3 -- 0 -- -- -- -- 1 -- -- 5 $85.3 -- $87.3 -- 6.0 6.0

ON 17 $92.8 $82.0 $85.0 $95.0 10 $12.0 $5.5 $10.3 $15.0 9 15.0% 15.0% 17 $99.9 $84.0 $93.0 $103.8 11.4 10.0

Respondent Characteristics

Male 54.3% Yes 19.6%

Female 43.5% No 80.4%

Did Not Indicate 2.2% Did Not Indicate 0.0%

High School/Associate Degree 21.7% Incentive Stock Options (ISOs) 11.1%

Bachelors 50.0% Non-Qualified Stock Options (NQSOs) 11.1%

MA/MS 4.3% Restricted Stock 11.1%

MBA 10.9% Stock Appreciation Rights (SARs) 0.0%

JD 0.0% Performance Shares 11.1%

MD 0.0% Performance Units 22.2%

Ph.D 0.0% Long-Term Cash 11.1%

Other 13.0% None of the Above Received 33.3%

* Only includes those eligible for LTI

Parent 69.6% Yes 63.0%

Division 2.2% No 37.0%

Subsidiary 10.9%

Single Location 10.9%

Other 6.5%

Gender Long-Term Incentive Eligible

Degree Type of Long-term Incentives Received*

Type of Organization Where Employed Supervise Individuals

Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt

Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt

© 2013 Risk and Insurance Management Society, Inc. (RIMS) IX - 10 Canadian Data

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2013 Risk Management Compensation Survey

Employee Benefits/Workers Compensation Claims ManagerCombination of data from the Employee Benefits Manager & Workers' Compensation Claims Manager positions.

See pages 9 though 14 in Section I of this report for a detailed job description of all positions.

No Breakdowns Available - Insufficient Sample Size

© 2013 Risk and Insurance Management Society, Inc. (RIMS) IX - 11 Canadian Data

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2013 Risk Management Compensation Survey

Employee Benefits/Workers Compensation Claims ManagerCombination of data from the Employee Benefits Manager & Workers' Compensation Claims Manager positions.

See pages 9 though 14 in Section I of this report for a detailed job description of all positions.

No Breakdowns Available - Insufficient Sample Size

© 2013 Risk and Insurance Management Society, Inc. (RIMS) IX - 12 Canadian Data

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2013 Risk Management Compensation Survey

Claims Manager

Cash Compensation (All dollar amounts are displayed in CAD $000s)

Scope

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

All Respondents 12 $84.3 $72.5 $82.5 $95.0 4 -- -- -- -- 0 -- -- 12 $87.5 $73.0 $89.5 $95.0 12.3 10.0

Ownership Type

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Publicly Traded 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --

Private 3 -- -- -- -- 2 -- -- -- -- 0 -- -- 3 -- -- -- -- -- --

Government 5 $73.1 -- $80.0 -- 2 -- -- -- -- 0 -- -- 5 $75.9 -- $80.0 -- 16.4 17.0

Not-for-Profit 2 -- -- -- -- 0 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --

Other 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --

Revenue

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Less than $100 Million 2 -- -- -- -- 0 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --

$100 - $250 Million 2 -- -- -- -- 0 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --

$250 - $500 Million 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --

$500 Million - $1 Billion 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

$1 - $5 Billion 1 -- -- -- -- 1 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --

$5 - $10 Billion 2 -- -- -- -- 2 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --

Greater than $10 Billion 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --

Degree

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

High School/Associate Degree 4 -- -- -- -- 2 -- -- -- -- 0 -- -- 4 -- -- -- -- -- --

Bachelors 2 -- -- -- -- 0 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --

MA/MS 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

MBA 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

JD 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Ph.D 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Supervisory Responsibility

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

No 6 $74.0 -- $72.5 -- 3 -- -- -- -- 0 -- -- 6 $78.8 -- $76.5 -- 12.1 7.5

1 or Fewer 2 -- -- -- -- 1 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --

From 1 to 3 3 -- -- -- -- 0 -- -- -- -- 0 -- -- 3 -- -- -- -- -- --

From 3 to 5 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --

More than 5 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Mitigates an organization’s exposure to risk by formulating, developing, and coordinating all claims-related activities, as well as resolving bona fide claims at the least possible cost through various risk transfer techniques. Directs a program to

ensure the proper and efficient handling of claims, gathering data on claims for both record keeping and loss forecasting purposes, and estimating the financial value of claims. Is also responsible for post loss reduction techniques such as

salvage, subrogation and rehabilitation.

Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt

© 2013 Risk and Insurance Management Society, Inc. (RIMS) IX - 13 Canadian Data

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2013 Risk Management Compensation Survey

Claims ManagerMitigates an organization’s exposure to risk by formulating, developing, and coordinating all claims-related activities, as well as resolving bona fide claims at the least possible cost through various risk transfer techniques. Directs a program to

ensure the proper and efficient handling of claims, gathering data on claims for both record keeping and loss forecasting purposes, and estimating the financial value of claims. Is also responsible for post loss reduction techniques such as

salvage, subrogation and rehabilitation.

Cash Compensation (All dollar amounts are displayed in CAD $000s)

Scope

Industry

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Scope

Province

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Respondent Characteristics

Male 50.0% Yes 16.7%

Female 41.7% No 83.3%

Did Not Indicate 8.3% Did Not Indicate 0.0%

High School/Associate Degree 33.3% Incentive Stock Options (ISOs) --

Bachelors 16.7% Non-Qualified Stock Options (NQSOs) --

MA/MS 0.0% Restricted Stock --

MBA 0.0% Stock Appreciation Rights (SARs) --

JD 0.0% Performance Shares --

MD 0.0% Performance Units --

Ph.D 0.0% Long-Term Cash --

Other 50.0% None of the Above Received --

* Insufficient Sample; Only includes those eligible for LTI

Parent 50.0% Yes 50.0%

Division 16.7% No 50.0%

Subsidiary 16.7%

Single Location 8.3%

Other 8.3%

Type of Organization Where Employed Supervise Individuals

Base Salary Bonus Amount Target Bonus

No Breakdowns Available - Insufficient Sample Size

Gender Long-Term Incentive Eligible

Degree Type of Long-term Incentives Received*

Total Cash Compensation Yrs. In Risk Mgmt

Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt

No Breakdowns Available - Insufficient Sample Size

© 2013 Risk and Insurance Management Society, Inc. (RIMS) IX - 14 Canadian Data

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2013 Risk Management Compensation Survey

Environmental, Health or Safety Manager

No Breakdowns Available - Insufficient Sample Size

Formulates, develops, and coordinates safety and loss control functions of the organization. Designs and directs a program to reduce accidents, occupational illnesses, and exposure to long-term health hazards through safety-training of

supervisors and managers, planned inspections, skill training, first-aid care, emergency preparedness, proper job instruction, new employee indoctrination, physical protection, planned job observation, rules and practices, job

analysis/procedures, disposal procedures, and protective equipment. Maintains compliance with governmental regulatory agencies. Responsible for identifying causes of past accidents for taking corrective measures.

© 2013 Risk and Insurance Management Society, Inc. (RIMS) IX - 15 Canadian Data

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2013 Risk Management Compensation Survey

Environmental, Health or Safety ManagerFormulates, develops, and coordinates safety and loss control functions of the organization. Designs and directs a program to reduce accidents, occupational illnesses, and exposure to long-term health hazards through safety-training of

supervisors and managers, planned inspections, skill training, first-aid care, emergency preparedness, proper job instruction, new employee indoctrination, physical protection, planned job observation, rules and practices, job

analysis/procedures, disposal procedures, and protective equipment. Maintains compliance with governmental regulatory agencies. Responsible for identifying causes of past accidents for taking corrective measures.

No Breakdowns Available - Insufficient Sample Size

© 2013 Risk and Insurance Management Society, Inc. (RIMS) IX - 16 Canadian Data

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2013 Risk Management Compensation Survey

Risk Management Analyst (Enterprise-Wide)

Cash Compensation (All dollar amounts are displayed in CAD $000s)

Scope

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

All Respondents 32 $84.6 $70.0 $78.0 $97.5 14 $12.0 $3.9 $8.8 $19.0 10 12.0% 12.0% 32 $89.9 $72.5 $78.5 $99.9 6.6 4.0

Ownership Type

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Publicly Traded 12 $94.4 $72.5 $81.5 $116.7 8 $15.3 -- $11.2 -- 6 15.0% 14.0% 12 $104.6 $74.0 $87.7 $143.5 5.0 3.5

Private 4 -- -- -- -- 3 -- -- -- -- 2 -- -- 4 -- -- -- -- -- --

Government 10 $78.0 $72.0 $79.1 $95.0 1 -- -- -- -- 0 -- -- 10 $78.5 $72.0 $79.1 $95.0 8.7 4.5

Not-for-Profit 5 $71.0 -- $70.0 -- 2 -- -- -- -- 2 -- -- 5 $71.9 -- $70.0 -- 9.3 10.0

Other 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --

Revenue

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Less than $100 Million 3 -- -- -- -- 2 -- -- -- -- 2 -- -- 3 -- -- -- -- -- --

$100 - $250 Million 4 -- -- -- -- 0 -- -- -- -- 0 -- -- 4 -- -- -- -- -- --

$250 - $500 Million 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

$500 Million - $1 Billion 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

$1 - $5 Billion 7 $88.3 -- $81.3 -- 5 $12.6 -- $10.0 -- 4 -- -- 7 $97.2 -- $81.3 -- 2.7 2.5

$5 - $10 Billion 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Greater than $10 Billion 7 $94.6 -- $82.9 -- 5 $10.4 -- $10.0 -- 3 -- -- 7 $102.0 -- $95.3 -- 9.9 5.0

Degree

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

High School/Associate Degree 5 $79.1 -- $77.0 -- 1 -- -- -- -- 0 -- -- 5 $79.9 -- $77.0 -- 8.4 3.0

Bachelors 14 $73.1 $62.0 $74.5 $80.0 8 $8.7 -- $6.9 -- 6 9.0% 8.0% 14 $78.0 $68.2 $75.0 $80.0 5.3 4.5

MA/MS 2 -- -- -- -- 0 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --

MBA 3 -- -- -- -- 2 -- -- -- -- 2 -- -- 3 -- -- -- -- -- --

JD 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Ph.D 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Supervisory Responsibility

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

No 26 $82.3 $70.0 $77.0 $95.0 10 $7.3 $3.0 $5.3 $10.0 7 9.0% 5.0% 26 $85.1 $72.0 $78.5 $97.0 6.8 4.0

1 or Fewer 5 $89.6 -- $77.0 -- 3 -- -- -- -- 2 -- -- 5 $103.5 -- $77.0 -- 7.1 4.0

From 1 to 3 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

From 3 to 5 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

More than 5 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --

Supports the risk manager regarding all aspects of the enterprise-wide risk management program. Responsibilities include facilitating the identification of risks throughout the organization, developing, reporting and monitoring formats on risk

management issues and developing methodologies for the assessment of risks throughout the organization.

Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt

© 2013 Risk and Insurance Management Society, Inc. (RIMS) IX - 17 Canadian Data

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2013 Risk Management Compensation Survey

Risk Management Analyst (Enterprise-Wide)Supports the risk manager regarding all aspects of the enterprise-wide risk management program. Responsibilities include facilitating the identification of risks throughout the organization, developing, reporting and monitoring formats on risk

management issues and developing methodologies for the assessment of risks throughout the organization.Cash Compensation (All dollar amounts are displayed in CAD $000s)

Scope

Industry

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Energy 6 $109.5 -- $106.4 -- 6 $16.4 -- $11.2 -- 4 -- -- 6 $125.9 -- $127.8 -- 5.2 4.5

Government 7 $78.1 -- $77.0 -- 0 -- -- -- -- 0 -- -- 7 $78.1 -- $77.0 -- 8.4 5.0

Insurance 5 $78.2 -- $74.0 -- 2 -- -- -- -- 2 -- -- 5 $79.6 -- $77.9 -- 2.7 2.0

Scope

Province

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

AB 8 $104.6 -- $95.4 -- 6 $16.4 -- $11.2 -- 4 -- -- 8 $116.9 -- $100.4 -- 4.8 4.5

BC 6 $90.0 -- $88.1 -- 1 -- -- -- -- 1 -- -- 6 $94.2 -- $88.1 -- 5.8 4.5

ON 11 $70.2 $64.0 $70.0 $79.0 5 $3.8 -- $3.0 -- 4 -- -- 11 $71.9 $64.0 $75.0 $79.0 6.8 4.0

Respondent Characteristics

Male 43.8% Yes 31.2%

Female 53.1% No 68.8%

Did Not Indicate 3.1% Did Not Indicate 0.0%

High School/Associate Degree 15.6% Incentive Stock Options (ISOs) 40.0%

Bachelors 43.8% Non-Qualified Stock Options (NQSOs) 30.0%

MA/MS 6.2% Restricted Stock 10.0%

MBA 9.4% Stock Appreciation Rights (SARs) 0.0%

JD 0.0% Performance Shares 10.0%

MD 0.0% Performance Units 20.0%

Ph.D 0.0% Long-Term Cash 10.0%

Other 25.0% None of the Above Received 10.0%

* Only includes those eligible for LTI

Parent 71.9% Yes 18.8%

Division 9.4% No 81.2%

Subsidiary 3.1%

Single Location 3.1%

Other 12.5%

Gender Long-Term Incentive Eligible

Degree Type of Long-term Incentives Received*

Type of Organization Where Employed Supervise Individuals

Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt

Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt

© 2013 Risk and Insurance Management Society, Inc. (RIMS) IX - 18 Canadian Data

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2013 Risk Management Compensation Survey

Risk Management Analyst

Cash Compensation (All dollar amounts are displayed in CAD $000s)

Scope

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

All Respondents 31 $76.3 $66.0 $73.5 $82.5 13 $7.1 $5.0 $5.5 $7.8 10 9.0% 10.0% 31 $79.3 $70.0 $75.0 $87.5 6.8 5.0

Ownership Type

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Publicly Traded 9 $79.2 -- $77.5 -- 8 $7.4 -- $7.0 -- 6 10.0% 10.0% 9 $85.7 -- $84.6 -- 5.3 3.0

Private 6 $73.7 -- $70.9 -- 5 $6.6 -- $5.0 -- 4 -- -- 6 $79.2 -- $74.1 -- 5.7 5.5

Government 12 $77.7 $71.0 $75.0 $88.0 0 -- -- -- -- 0 -- -- 12 $77.7 $71.0 $75.0 $88.0 7.8 7.5

Not-for-Profit 2 -- -- -- -- 0 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --

Other 2 -- -- -- -- 0 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --

Revenue

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Less than $100 Million 5 $70.3 -- $71.0 -- 2 -- -- -- -- 2 -- -- 5 $72.3 -- $76.0 -- 8.3 8.0

$100 - $250 Million 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --

$250 - $500 Million 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

$500 Million - $1 Billion 7 $70.6 -- $70.0 -- 3 -- -- -- -- 3 -- -- 7 $72.3 -- $72.2 -- 7.7 5.0

$1 - $5 Billion 9 $83.2 -- $78.0 -- 5 $8.1 -- $7.0 -- 2 -- -- 9 $87.6 -- $82.5 -- 6.5 3.0

$5 - $10 Billion 2 -- -- -- -- 1 -- -- -- -- 1 -- -- 2 -- -- -- -- -- --

Greater than $10 Billion 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --

Degree

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

High School/Associate Degree 4 -- -- -- -- 1 -- -- -- -- 1 -- -- 4 -- -- -- -- -- --

Bachelors 11 $70.3 $60.0 $73.0 $77.7 4 -- -- -- -- 3 -- -- 11 $72.5 $65.0 $73.0 $84.6 4.3 3.5

MA/MS 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

MBA 2 -- -- -- -- 1 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --

JD 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Ph.D 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Supervisory Responsibility

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

No 25 $75.0 $65.6 $73.0 $77.7 10 $7.2 $4.5 $6.0 $7.8 8 9.0% 8.0% 25 $77.8 $68.2 $74.0 $84.6 6.9 5.0

1 or Fewer 3 -- -- -- -- 2 -- -- -- -- 1 -- -- 3 -- -- -- -- -- --

From 1 to 3 2 -- -- -- -- 1 -- -- -- -- 1 -- -- 2 -- -- -- -- -- --

From 3 to 5 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

More than 5 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --

Supports the risk manager regarding all aspects of a financial risk management and/or corporate insurance program. Responsibilities include the development, implementation and application of risk metrics and methodologies and the

monitoring, analysis and reporting of financial risk exposures. Responsibilities may also include compilation of underwriting information and coverage placement, claims administration, loss forecasting, and analysis to assist in loss reduction.

Supports organizational compliance with risk policies through regular risk exposure monitoring and reporting. Responsible for documenting and reporting risk policy exceptions to risk committee.

Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt

© 2013 Risk and Insurance Management Society, Inc. (RIMS) IX - 19 Canadian Data

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2013 Risk Management Compensation Survey

Risk Management AnalystSupports the risk manager regarding all aspects of a financial risk management and/or corporate insurance program. Responsibilities include the development, implementation and application of risk metrics and methodologies and the

monitoring, analysis and reporting of financial risk exposures. Responsibilities may also include compilation of underwriting information and coverage placement, claims administration, loss forecasting, and analysis to assist in loss reduction.

Supports organizational compliance with risk policies through regular risk exposure monitoring and reporting. Responsible for documenting and reporting risk policy exceptions to risk committee.

Cash Compensation (All dollar amounts are displayed in CAD $000s)

Scope

Industry

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Education 6 $69.2 -- $73.5 -- 0 -- -- -- -- 0 -- -- 6 $69.2 -- $73.5 -- 8.5 8.0

Energy 7 $79.8 -- $71.0 -- 5 $8.0 -- $7.0 -- 3 -- -- 7 $85.5 -- $76.0 -- 6.4 3.0

Government 6 $83.4 -- $83.5 -- 0 -- -- -- -- 0 -- -- 6 $83.4 -- $83.5 -- 8.0 6.0

Scope

Province

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

AB 10 $81.2 $71.0 $76.3 $78.0 6 $8.0 -- $7.4 -- 4 -- -- 10 $86.0 $75.0 $80.9 $90.6 7.9 5.5

ON 9 $75.8 -- $73.5 -- 4 -- -- -- -- 4 -- -- 9 $77.6 -- $78.0 -- 9.4 8.0

Respondent Characteristics

Male 48.4% Yes 16.1%

Female 45.2% No 83.9%

Did Not Indicate 6.5% Did Not Indicate 0.0%

High School/Associate Degree 12.9% Incentive Stock Options (ISOs) 80.0%

Bachelors 35.5% Non-Qualified Stock Options (NQSOs) 20.0%

MA/MS 0.0% Restricted Stock 40.0%

MBA 6.5% Stock Appreciation Rights (SARs) 20.0%

JD 0.0% Performance Shares 20.0%

MD 0.0% Performance Units 0.0%

Ph.D 0.0% Long-Term Cash 0.0%

Other 45.2% None of the Above Received 0.0%

* Only includes those eligible for LTI

Parent 64.5% Yes 19.4%

Division 6.5% No 80.6%

Subsidiary 0.0%

Single Location 12.9%

Other 16.1%

Gender Long-Term Incentive Eligible

Degree Type of Long-term Incentives Received*

Type of Organization Where Employed Supervise Individuals

Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt

Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt

© 2013 Risk and Insurance Management Society, Inc. (RIMS) IX - 20 Canadian Data

Page 215: 2013 Risk Management Compensation Survey - RIMS

2013 Risk Management Compensation Survey

Claims Analyst

Cash Compensation (All dollar amounts are displayed in CAD $000s)

Scope

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

All Respondents 7 $60.4 -- $59.5 -- 0 -- -- -- -- 0 -- -- 7 $60.4 -- $59.5 -- 7.9 10.0

Ownership Type

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Publicly Traded 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Private 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Government 7 $60.4 -- $59.5 -- 0 -- -- -- -- 0 -- -- 7 $60.4 -- $59.5 -- 7.9 10.0

Not-for-Profit 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Other 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Revenue

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Less than $100 Million 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

$100 - $250 Million 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

$250 - $500 Million 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

$500 Million - $1 Billion 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

$1 - $5 Billion 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --

$5 - $10 Billion 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Greater than $10 Billion 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Degree

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

High School/Associate Degree 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Bachelors 2 -- -- -- -- 0 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --

MA/MS 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

MBA 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

JD 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Ph.D 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Supervisory Responsibility

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

No 6 $60.6 -- $61.5 -- 0 -- -- -- -- 0 -- -- 6 $60.6 -- $61.5 -- 7.7 10.0

1 or Fewer 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --

From 1 to 3 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

From 3 to 5 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

More than 5 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Reviews first and third party claims for irregularities, accuracy and completeness. Requests additional information, where necessary, for completion of claim processing. Reviews claims for eligibility. Maintains updated records and prepares

required reports. Assists in claims cost control. Performs the design, analysis and delivery of claim information. Contacts individuals about claims and coordinates the handling of benefits. This role focuses on operational effectiveness in

support of claims management strategies. Understands and performs domestic and/or international claim programs, policies, and procedures for: reporting, investigation, and analysis; litigation management; resolution/outcome

management; and the delivery of claim information. Handles mostly routine non-complex claims but, may handle litigated and moderately complex claims with limited settlement authority.

Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt

© 2013 Risk and Insurance Management Society, Inc. (RIMS) IX - 21 Canadian Data

Page 216: 2013 Risk Management Compensation Survey - RIMS

2013 Risk Management Compensation Survey

Claims AnalystReviews first and third party claims for irregularities, accuracy and completeness. Requests additional information, where necessary, for completion of claim processing. Reviews claims for eligibility. Maintains updated records and prepares

required reports. Assists in claims cost control. Performs the design, analysis and delivery of claim information. Contacts individuals about claims and coordinates the handling of benefits. This role focuses on operational effectiveness in

support of claims management strategies. Understands and performs domestic and/or international claim programs, policies, and procedures for: reporting, investigation, and analysis; litigation management; resolution/outcome

management; and the delivery of claim information. Handles mostly routine non-complex claims but, may handle litigated and moderately complex claims with limited settlement authority.

Cash Compensation (All dollar amounts are displayed in CAD $000s)

Scope

Industry

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Scope

Province

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Respondent Characteristics

Male 14.3% Yes 0.0%

Female 85.7% No 100.0%

Did Not Indicate 0.0% Did Not Indicate 0.0%

High School/Associate Degree 0.0% Incentive Stock Options (ISOs) --

Bachelors 28.6% Non-Qualified Stock Options (NQSOs) --

MA/MS 0.0% Restricted Stock --

MBA 0.0% Stock Appreciation Rights (SARs) --

JD 0.0% Performance Shares --

MD 0.0% Performance Units --

Ph.D 0.0% Long-Term Cash --

Other 71.4% None of the Above Received --

* Only includes those eligible for LTI

Parent 14.3% Yes 14.3%

Division 28.6% No 85.7%

Subsidiary 0.0%

Single Location 0.0%

Other 57.1%

Type of Organization Where Employed Supervise Individuals

Base Salary Bonus Amount Target Bonus

No Breakdowns Available - Insufficient Sample Size

Gender Long-Term Incentive Eligible

Degree Type of Long-term Incentives Received*

Total Cash Compensation Yrs. In Risk Mgmt

Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt

No Breakdowns Available - Insufficient Sample Size

© 2013 Risk and Insurance Management Society, Inc. (RIMS) IX - 22 Canadian Data