Six Major Conclusions (RIMS)

Six Major Conclusions Of RIMS Survey

• The cost of risk declined in the United States and rose in Canada.

• The insurance market continues to be competitive in the United States and is tightening in Canada.

• Workers’ compensation cost-control methods are being widely applied.

• Employment practices liability coverage is being purchased by a majority of U.S. survey respondents.

• Losses attributable to the Y2K bug were small.

• Mergers and acquisitions of insurance carriers and brokers did not significantly affect most organizations.