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Page 1: 2011 Risk Management Compensation Survey - RIMS · 2011 Risk Management Compensation Survey . 2011 Risk Management Compensation Survey Data effective: March 1, ... Director - Enterprise

Conducted By:

8476 Greenway Blvd., Suite 100

Middleton, WI 53562

www.enetrix.com

Data Effective March 1, 2011

2011 Risk Management Compensation Survey

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2011 Risk Management Compensation Survey

Data effective: March 1, 2011 i

Table of Contents

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

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

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

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

Summary of Survey Results – U.S. Analysis

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

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

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

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

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

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

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

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

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

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

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

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

Detail Survey Results – U.S. Analysis

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

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

Director - Enterprise Risk Management (ERM)/Strategic Risk Management / Risk Intelligence ……………………. V – 7

Director – Insurance and Risk Management ………………………………………………………………………………. V – 11

Manager – Insurance Management ……………………………………………………………………………..………… V – 17

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

Claims Manager ………………………………………………………………………………………………………………... V – 27

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

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2011 Risk Management Compensation Survey

Data effective: March 1, 2011 ii

Table of Contents (continued)

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

Risk Management Analyst …………………………………………………………………………………………..………… V – 39

Claims Analyst …………………………………………………………………………………………………………………... V – 43

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

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

Summary of Survey Results – Canadian Analysis

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

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

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

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

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

Manager – Insurance Management ……………………………………………………………………………..………… VIII – 17

Employee Benefits/Workers Compensation Claims Manager………………………………………………..…………. VIII – 21

Claims Manager ………………………………………………………………………………………………………………... VIII – 23

Environmental, Health or Safety Manager…………………………………………………………………………………. VIII – 27

Risk Management Analyst (Enterprise-Wide) ………………………………………………………………………………. VIII – 29

Risk Management Analyst …………………………………………………………………………………………..………… VIII – 33

Claims Analyst …………………………………………………………………………………………………………………... VIII – 37

Detail Survey Results – Canadian Analysis

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

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

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

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

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

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

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

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

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2011 Risk Management Compensation Survey

Data effective: March 1, 2011 iii

Table of Contents (continued)

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

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

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

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2011 Risk Management Compensation Survey

Data effective: April 1, 2011 iv

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2011 Risk Management Compensation Survey

Executive Summary

The 2011 survey presents compensation data for 11 different jobs. While sixteen different positions were listed on the survey document, there was

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

over 1,750 organizations in the United States and over 256 organizations in Canada. In total, 2,400 usable surveys were submitted online by RIMS members

and risk management professionals between March and May, 2011.

Approximately fifty-five point five percent (55.5%) of the U.S. respondents work in organizations with more than $1 Billion in annual revenue. Slightly less than

half work in publicly owned organizations (45.0%), while 29.9% work for private employers. A majority of the survey respondents from the U.S. were Insurance

and Risk Management Directors (n=908), Insurance Management Managers (n=384) and Chief Risk Officers or Vice Presidents-Risk Management or Vice

President-Strategic and Enterprise Risk (n=231). Not surprisingly, the highest-paid risk management position was that of Chief Risk Officer/VP-Risk

Management/VP-Strategic and Enterprise Risk, with an average base salary of US$183,755 and total compensation of US$236,301. The lowest paid risk

management position was that of Claims Analyst, with an average base salary of US$55,263 and total compensation of US$56,403.

For Canadian respondents, approximately 36.6% work in organizations with more than $1 Billion in annual revenue. Unlike the US, only 22.9% work in publicly

owned organizations. And in Canada, 34.5% of respondents work for governmental employers as opposed to 11.8% in the US. A majority of the survey

respondents were Insurance and Risk Management Directors (n=78) or Insurance Management Managers (n=61). The highest- paid risk management position

surveyed was, once again, that of Chief Risk Officer/VP-Risk Management/VP-Strategic and Enterprise Risk, with an average base salary of CDN$145,719 and

total compensation of CDN$176,143. The lowest paid position for which data was available was that of Claims Analyst with an average base salary of

CDN$58,950 and total compensation of CDN$59,783.

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

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

85% discount on the complete report.

The Risk and Insurance Management Society, Inc. (RIMS) is pleased to present the results of our 2011 Risk Management Compensation Survey. With more

than 10,000 individual members representing more than 3,500 organizations in 58 countries, RIMS is a not-for-profit professional society dedicated to

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

by enetrix, A Division of Gallup, Inc.

© 2011 Risk and Insurance Management Society, Inc. (RIMS) I - 1 Introduction and Executive Summary

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2011 Risk Management Compensation Survey

The Risk and Insurance Management Society, Inc. (RIMS) is pleased to present the results of our 2011 Risk Management Compensation Survey. With more

than 10,000 individual members representing more than 3,500 organizations in 58 countries, RIMS is a not-for-profit professional society dedicated to

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

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

All Positions - United States

Job Title # of Resp.

Average Base

Salary ($000)

Average Total

Comp ($000)

Chief Risk Officer | Vice President -

Risk Management | Vice President -

Strategic and Enterprise Risk

231 $183.8 $236.3

Director - Business

Continuity/Financial/IT Risk

Management

16 $135.7 $166.2

Director - Enterprise Risk

Management (ERM)/Strategic Risk

Management / Risk Intelligence

114 $130.2 $150.5

Director - Insurance and Risk

Management908 $126.8 $149.5

Manager - Insurance Management 384 $97.0 $107.6

Employee Benefits/Workers

Compensation Claims Manager39 $83.6 $88.5

Claims Manager 116 $83.4 $90.5

Environmental, Health or Safety

Manager29 $91.6 $96.5

Risk Management Analyst (Enterprise-

Wide)81 $71.6 $75.0

Risk Management Analyst 175 $66.4 $69.8

Claims Analyst 23 $55.3 $56.4

Executive Summary

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

more entry level risk management positions.

$183.8

$135.7

$130.2

$126.8

$97.0

$83.6

$83.4

$91.6

$71.6

$66.4

$55.3

$236.3

$166.2

$150.5

$149.5

$107.6

$88.5

$90.5

$96.5

$75.0

$69.8

$56.4

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

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

Director - Business Continuity/Financial/IT Risk Management

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

Director - Insurance and Risk Management

Manager - Insurance Management

Employee Benefits/Workers Compensation Claims Manager

Claims Manager

Environmental, Health or Safety Manager

Risk Management Analyst (Enterprise-Wide)

Risk Management Analyst

Claims Analyst

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

© 2011 Risk and Insurance Management Society, Inc. (RIMS) I - 2 Introduction and Executive Summary

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2011 Risk Management Compensation Survey

The Risk and Insurance Management Society, Inc. (RIMS) is pleased to present the results of our 2011 Risk Management Compensation Survey. With more

than 10,000 individual members representing more than 3,500 organizations in 58 countries, RIMS is a not-for-profit professional society dedicated to

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

by enetrix, A Division of Gallup, Inc.

All Positions - Canada

All Respondents

Job Title # of Resp.

Average Base

Salary ($000)

Average Total

Comp ($000)

Chief Risk Officer | Vice President -

Risk Management | Vice President -

Strategic and Enterprise Risk

25 $145.7 $176.1

Director - Enterprise Risk

Management (ERM)/Strategic Risk

Management / Risk Intelligence

31 $113.8 $128.1

Director - Insurance and Risk

Management78 $114.6 $125.5

Manager - Insurance Management 61 $95.8 $104.2

Risk Management Analyst (Enterprise-

Wide)27 $75.8 $78.9

Risk Management Analyst 42 $69.6 $74.6

Claims Analyst 6 $59.0 $59.8

Executive Summary

$145.7

$113.8

$114.6

$95.8

$75.8

$69.6

$59.0

$176.1

$128.1

$125.5

$104.2

$78.9

$74.6

$59.8

$0.0 $25.0 $50.0 $75.0 $100.0 $125.0 $150.0 $175.0 $200.0

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

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

Director - Insurance and Risk Management

Manager - Insurance Management

Risk Management Analyst (Enterprise-Wide)

Risk Management Analyst

Claims Analyst

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

© 2011 Risk and Insurance Management Society, Inc. (RIMS) I - 3 Introduction and Executive Summary

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2011 Risk Management Compensation Survey

The Risk and Insurance Management Society, Inc. (RIMS) is pleased to present the results of our 2011 Risk Management Compensation Survey. With more

than 10,000 individual members representing more than 3,500 organizations in 58 countries, RIMS is a not-for-profit professional society dedicated to

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

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

© 2011 Risk and Insurance Management Society, Inc. (RIMS) I - 4 Introduction and Executive Summary

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2011 Risk Management Compensation Survey

© 2011 Risk and Insurance Management Society, Inc. (RIMS) I - 5 Introduction and Executive Summary

Introduction The Risk and Insurance Management Society, Inc. is pleased to present the results of the 2011 Risk Management Compensation Survey. This year’s survey presents compensation data for 11 jobs reflecting submissions by individual risk management professionals working in over 1,750 organizations in the United States and over 256 organizations in Canada. Data submitted from individuals from each country are reported in the country specific sections of this report. More information about the participants is available in Section II (US Participant List), Section III (US Participant Demographics), Section VI (Canadian Participant List), and Section VII (Canadian Participant Demographics). Summary of Survey Results Compensation for a particular position may vary by industry, size of organization, supervisory responsibility, and geography – commonly referred to as “scopes”. For a quick view of the survey results, refer to Sections IV (Summary Results for US) and VIII (Summary Results for Canada) which contain graphs showing the average compensation for each job by country and scope. Detailed Survey Results Reports showing more detailed compensation data for each job (by country) are shown in Sections V (Detailed Results for US) and IX (Detailed Results for Canada). When reviewing the survey results, keep in mind that cash compensation is only one piece of an individual’s “total rewards” package, which may also include benefits and the work experience offered to the employee.

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2011 Risk Management Compensation Survey

© 2011 Risk and Insurance Management Society, Inc. (RIMS) I - 6 Introduction and Executive Summary

About RIMS, Inc. Risk and Insurance Management Society, Inc. The Risk and Insurance Management Society, Inc. (RIMS) is a not-for-profit organization dedicated to advancing the practice of risk management, a professional discipline that protects physical, financial and human resources. Founded in 1950, RIMS represents more than 4,100 industrial, service, nonprofit, charitable, and governmental entities. The Society serves nearly 11,000 risk management professionals around the world. For more information about RIMS, visit www.RIMS.org

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

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2011 Risk Management Compensation Survey

© 2011 Risk and Insurance Management Society, Inc. (RIMS) I - 7 Introduction and Executive Summary

Methodology The information presented in this report is based on a survey of RIMS Members, conducted in March through May of 2011. RIMS contracted with enetrix (a survey management firm located in Middleton, WI) to administer the survey on a secure web site and invite members to participate. A total of 9,388 electronic invitations were sent to RIMS member from the United States and Canada on March 22nd, 2011. A general link to the survey site was also posted on the RIMS website for non-members to register and participate in the survey. In total, 2,587 online questionnaires were completed or partially completed between March and May, 2011. If based solely off the 9,388 member count, the number of completions would equate to a 27.6 percent response rate. All data was submitted online. Not every participant provided all of the information requested. Respondents were included in the study if they provided sufficient information to be included in at least one table of the report. Data was eliminated from the survey reports if the respondent’s compensation data was not provided, insufficient, or obviously erroneous. In a handful of cases, duplicate responses from the same individual were identified and subsequently eliminated when calculating any statistics contained in this report. This reduced the sample to 2,400 for this purpose. Data was not displayed for any line of data where the sample size was less than 5. Only medians and means are shown for any line of data where the sample size was between 5 and 9 respondents. This approach is consistent with the safe harbor guidelines published by the U.S. Department of Justice and the U.S. Federal Trade Commission.

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

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2011 Risk Management Compensation Survey

© 2011 Risk and Insurance Management Society, Inc. (RIMS) I - 8 Introduction and Executive Summary

Interpreting the Data

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

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2011 Risk Management Compensation Survey

© 2011 Risk and Insurance Management Society, Inc. (RIMS) I - 9 Introduction and Executive Summary

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

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

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

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

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

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

Management

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

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2011 Risk Management Compensation Survey

© 2011 Risk and Insurance Management Society, Inc. (RIMS) I - 10 Introduction and Executive Summary

Job Title Job Description 2. Director - Enterprise Risk Management

(ERM)

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

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

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

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

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2011 Risk Management Compensation Survey

© 2011 Risk and Insurance Management Society, Inc. (RIMS) I - 11 Introduction and Executive Summary

Job Title Job Description 4. Director Financial Risk Management

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

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

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

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

6. Director - Insurance and Risk Management

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

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2011 Risk Management Compensation Survey

© 2011 Risk and Insurance Management Society, Inc. (RIMS) I - 12 Introduction and Executive Summary

Job Title Job Description 7. Director - Business Continuity

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

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

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

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

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

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© 2011 Risk and Insurance Management Society, Inc. (RIMS) I - 13 Introduction and Executive Summary

Job Title Job Description 11. Workers' Compensation Claims

Manager

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

12. Environmental, Health or Safety Manager

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

13. Risk Management Analyst (Enterprise-Wide)

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

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

(Combined into the job Risk Management Analyst)

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

15. Risk Management Analyst (Insurance)

(Combined into the job Risk Management Analyst)

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

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© 2011 Risk and Insurance Management Society, Inc. (RIMS) I - 14 Introduction and Executive Summary

Job Title Job Description 16. Claims Analyst Description of Responsibilities: Reviews first and third party claims for irregularities, accuracy and completeness.

Requests additional information, where necessary, for completion of claim processing. Reviews claims for eligibility. Maintains updated records and prepares required reports. Assists in claims cost control. Performs the design, analysis and delivery of claim information. Contacts individuals about claims and coordinates the handling of benefits. This role focuses on operational effectiveness in support of claims management strategies. Understands and performs domestic and/or international claim programs, policies, and procedures for: reporting, investigation, and analysis; litigation management; resolution/outcome management; and the delivery of claim information. Handles mostly routine non-complex claims but, may handle litigated and moderately complex claims with limited settlement authority.

Because of low sample sizes for several jobs, data was combined for the following job titles:

Job Title Combined Job Title for Survey Director - Business Continuity Management

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

Director - IT Risk Management

Director - Business Continuity/Financial/IT Risk Management

Director - Enterprise Risk Management (ERM)

Director - Strategic Risk Management / Risk Intelligence

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

Employee Benefits Manager

Workers' Compensation Claims Manager

Employee Benefits/Workers’ Compensation Claims Manager

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

Risk Management Analyst (Insurance)

Risk Management Analyst

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© 2011 Risk and Insurance Management Society, Inc. (RIMS) I - 15 Introduction and Executive Summary

Definition of Terms

This survey report contains a considerable amount of compensation data. We are including these summary definitions to help explain and further assist in interpretation of that data. 25th Percentile: The end of the first quartile of a data array in which the data are ranked from lowest to highest. 25% of the data are less than the 25th Percentile, and 75% of the data are greater than this number. Percentiles are organization based. 50th Percentile (Median): The midpoint of a data array in which the data are ranked from lowest to highest. 50% of the data are less than the 50th Percentile and 50% of the data are greater than this number. The 50th Percentile is also known as the Median. Percentiles are organization based. 75th Percentile: The end of the third quartile of a data array in which the data are ranked from lowest to highest. 75% of the data are less than the 75th Percentile and 25% of the data are greater than this number. Percentiles are organization based. Average (Mean): The sum of all values of a data set divided by the number of values in that set. Base Salary: The annual, fixed portion of compensation paid to an employee. This is the salary paid to the employee for fulfillment of their essential functions. Base Salary does not include short-term or long-term incentives, differentials, premiums, overtime, benefits, or any other type of variable pay. Industry: A basic category of business activity. The term industry is sometimes used to describe a very precise business activity (e.g. semiconductors) or a more generic business activity (e.g. consumer durables). If a company participates in multiple business activities, it is usually considered to be in the industry in which most of its revenues are derived. Metro Area: This displays either the Combined Statistical Area (CSA) cut or the Core Based Statistical Area (CBSA), whichever cut was available for display. The CSA is a combination of adjoining local metro areas, forming a larger collective urban area. The CBSA is a US Census Bureau standard urban area of at least 10,000 people. If a CSA was not available for a particular cut, the CBSA standard was utilized and vice versa. Median: Please see “50th Percentile.” Number of Respondents (# of Resp): The total number of individual respondents for which data is being reported.

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© 2011 Risk and Insurance Management Society, Inc. (RIMS) I - 16 Introduction and Executive Summary

Definition of Terms (continued)

Ownership: The type of ownership or tax-status of the organization. This includes Publicly Traded, Private, Not-for-Profit, & Government.

Region: The grouping or combination of states into defined regional areas throughout the United States. For this report, states were grouped into the following regions:

North East -- Connecticut, Maine, Massachusetts, New York, New Jersey, New Hampshire, Rhode Island, Vermont

Mid Atlantic -- Delaware, Kentucky, Maryland, North Carolina, Pennsylvania, Virginia, Washington DC, West Virginia

South East -- Alabama, Florida, Georgia, Louisiana, Mississippi, South Carolina, Tennessee

Mississippi Valley -- Arkansas, Minnesota, Illinois, Indiana, Iowa, Michigan, Missouri, Ohio, Wisconsin

Mountain -- Colorado, Kansas, Montana, Nebraska, New Mexico, North Dakota, Oklahoma, South Dakota, Texas, Utah, Wyoming

Western -- Alaska, Arizona, California, Hawaii, Idaho, Nevada, Oregon, Washington Revenue: Proceeds generated by a company from sale of goods or services or from donations. Scope: This term pertains to a particular segmentation of a set of collected data. The scope factors asked for on the survey instrument and outlined for display in this report include: organizational characteristics (ownership type, revenue, industry), geographic location of workplace (e.g., region, state, metro area), level of education, and supervisory responsibility.

Short-term Incentives (STI): An award in the form of cash or another item of value that is contingent upon the achievement of individual, group, or organizational results identified at the beginning of a performance cycle. The short-term performance cycle is normally one-year or less. Short-term incentives are usually, though not always, cash awards. Short-term incentives are sometimes called “bonuses.” Supervisory Responsibility: The level of supervisory responsibility the individual risk management professional has in their current role. Target Bonus: The short-term incentive amount or percent granted if a specified target is reached. Total Cash Compensation: The overall cash payments made to an individual for his/her services during a given year. Total Cash Compensation includes base pay plus short-term incentives.

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© 2011 Risk and Insurance Management Society, Inc. (RIMS) II - 1 U.S. Participant List

Participant List – U.S. Respondents Respondents from over 1,750 U.S. organizations participated in the 2011 Risk Management Compensation Survey. These U.S. organizations include:

24 Hour fitness

AAA

AAA Cooper Transportation

AAR CORP.

ABF Freight System, Inc.

ABM Industries, Inc.

Academy School District 20

Academy Sports + Outdoors

Acadia Realty Trust

Accor

Accord Human Resources

ACE Cash Express, Inc.

Ace Hardware Corporation

ACE USA

Acrisure, LLC

Acuity Brands, Inc.

Acxiom Corp

Adelphi University

Adidas Group

ADM

Adobe Systems Incorporated

ADP

Advance Auto Parts

Advanced Disposal Services, Inc.

Adventist Health

Adventist Risk Management, Inc.

Advocate Health Care

AEG Facilities

AEG/ Rose Quarter

AEGON (Transamercia Corporation)

AEMC

AEP

Aerotek, Inc.

Aetna Inc.

Aevenia, Inc.

AEW Capital Management

Affinia Group Inc

Affinity Plus Federal Credit Union

Aflac

Afognak NAtive Corporation

AG

Ag Preocessing Inc, A Cooperative

AGL Resources Inc

Ahold USA

Ahtna Development Corporation

Air Liquide

Airgas, Inc

Akron General Health System

AkzoNobel Inc.

Alabama State Port Authoirty

Alachua County, Fl

Alaska Airlines

Alaska Railroad Corporation

Alberto Culver Company

Alcoa, Inc.

Alcon Laboratories, Inc.

Alexandria City Public Schools

Alexian Brothers Health System

Alexis Risk Management Services, LLC

Alfa Insurance Company

Allegheny Technologies Incorporated

Allergan, Inc.

Alliant Credit Union

Alliant Energy

Allianz of America/Fireman's Fund

Allstate

Alon USA

Alpha Natural Resources, Inc

Alsco Inc.

Alstom Inc.

Altria

AMB Property Corporation

AMERCO

Ameren Services Company

AMERICAN

American Automobile Association, Inc.

American Axle & Manufacturing, Inc.

American Capital

American Crystal Sugar Company

American Dental Partners, Inc.

American Eagle Outfitters Inc

American Electric Power Company, Inc.

American Express

American Family Mutual

American Signature, Inc.

American University

American Water

American Water Works Company, Inc.

American Youth Soccer Organization

Americold Realty Trust

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Amerijet Holdings, Inc.

Ameriprise Financial, Inc.

Ameristar Casino

Ameristar Inc.

Ameritas Life Insurance

AMF Bowling Centers, Inc.

AMLI Management Company

AMLI Residential

AMN Healthcare

AMSI

Amsted Industries Inc.

Amylin Pharmaceuticals, Inc.

Anchorage School District

Anderson Merchandisers LP

Andritz

ANN INC.

Anson Industries Inc.

Antea Group

Aon

Aon (Oustourced)

Apple Inc.

APS

Aquarion Water Company of Connecticut

ARAMARK Corporation

Arapahoe County, CO

ArcelorMittal

Arch of Philadelphia

Archdiocese of Newark

Archer Daniels Midland Company

Archon Group, LP

Archstone

AREE

AREVA

Ariba, Inc.

ARINC Incorporated

Arizona Chemical Holdings Corporation

Armstrong World Industries

Arthur J. Gallagher & Co.

ASARCO LLC

Ashford Hospitality Trust, Inc.

Ashland Inc.

Ashley Furniture Industries, Inc.

Aspen Dental Management, Inc.

Asplundh Tree Expert Co

ASRC

Associated Electric Cooperative, Inc.

Associated Wholesale Grocers

Association County Commissioners of Georgia

Assurant, Inc.

Asurion Corporation

AT&T

Athens-Clarke County

ATP Oil & Gas Corporation

Atrium Companies, Inc.

Auburn University

Aultman Health Foundation

Aurora Public Schools

Austin Powder Company

Auto Club Group

Automatic Data Processing

Avanade Inc.

Avaya

Avery Dennison Corporation

Avis Budget Group, Inc.

Aviva

AvMed Health Plans

Avnet Inc.

AXA Equitable Life Ins

BAE Systems Ship Repair, Inc.

Baker Concrete Construction Company, Inc.

Baker Hughes Incorporated

BakerCorp

Ball Corporation

Bank of Hawaii Corporation

Bankers Insurance

Baptist Easley Hospital

Baptist Health South Florida

Baptist Health System, Inc.

Barloworld Handling LLC

Barnes & Noble, Inc.

Barnes Group Inc.

Barry Wehmiller

Basic American Foods

Basic Energy Services

Basin Electric Power Cooperative

Bausch + Lomb

Baxter

Bay Area Rapid Transit District

BayCare Health System

Bayer Corporation

Baylor Health Care System

Baystate Health, Inc.

BBY

BC NEPA

BCBG MAXAZRIA GROUP

Beall's Inc.

Bear Construction Company

Beaulieu Group, LLC

Behringer Harvard

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Bell Helicopter Textron Inc.

Bell Laboratories, Inc.

Belterra Casino Resort

Ben E Keith

Benderson Development Company, LLC

Benjamin Moore & Co.

Bentall Kennedy

Bentley University

Berkshire Property Advisors

Berwind Corporation

Best Buy Co. Inc.

Bethesda Associates

Bi State Development

BIC

Biddeford Savings

Big 5 Sporting Goods

Bimbo Bakeries USA Inc.

BioMed Realty Trust, Inc.

BJC HealthCare

Black & Veatch

Black Hills Corporation

BlackRock

BlackRock Realty Advisors

Blessing Health System

Block Communications, Inc.

Blue Bell Creameries, L.P.

Blue Cross & Blue Shield

Blue Cross and Blue Shield of North Carolina

Blue Cross Blue Shield of Florida

Blue Cross Blue Shield of Massachusetts

Blue Cross Blue Shield of Michigan

Blue Valley School District

BlueCross BlueShield of South Carolina

BlueLinx Corporation

BMC Software

BMHCC

BNP Paribas

BNSF Railway

Board of Education of the City of Chicago

Boart Longyear Company

Bob Evans Farms, Inc.

Bon Secours Health System

Bonfils Blood Center

Bonneville Power Administration

Books-A-Million Inc.

Booz Allen Hamilton

BOSTIK

Boston Housing Authority

Boston Market Corporation

Boston Scientific Corporation

Boston University

BP plc

Brand Energy & Infrastructure Services, Inc.

BRE Properties, Inc.

Bridgestone Americas, Inc.

Briggs & Stratton Corporation

Brightpoint, Inc.

Broadridge Financial Solutions, Inc.

Brown-Forman Corporation

Budco/Parsec

Buffet's Inc.

Burlington Electric Department

Burlington Northern Santa Fe, LLC

Butte County

C A P

C.J. Spivey associates Inc.

C.L. Thomas, Inc.

CA Self Insurers Security Fund

CA, Inc.

Cabela's Inc.

Cablevision Systems Corp

Cabot Corporation

CACI International Inc

Caesars Entertainment

Cajun Op Co

California State University San Marcos

Calpine Corporation

Camden Property Trust

Cameron International Corporation

Campbell Soup Company

Cancer Agency

Canfield

Canterbury Park Holding Corporation

Capital BlueCross

Capital Metro Transportation Authority

Capital One Financial Corporation

CapitalSource

Care New England Health System

Career Education Corporation

CareFusion Corporation

CareOne Management

Carestream Health, Inc.

Carilion Clinic

Carlson, Inc.

Carmeuse Lime and Stone

Castle & Cooke, Inc.

Catawba County Government

CATERPILLAR

CB Richard Ellis

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CB&I

CBS

CBS Corporation

CC Industries

CCA

CCSF

CDH-Delnor Health System f/k/a Central DuPage Health

CDI Corporation

CEC Entertainment, Inc.

Celanese Corporation

Centerline Capital Group

CENTERPOINT PROPERTIES TRUST

Central Arkansas Risk Management Association

Central Bancompany, Inc.

Central City Concern

Central DuPage Hospital

Central Processing Corp.

Central Puget Sound Regional Transit Authority

CenturyLink, Inc.

CEVA Logistics

CF Industries, Inc.

CF Jordan

CFA Institute

CFI/GLP

CG

CH2M HILL, Inc.

Charlotte County Board of County Commissioners

Charter Communications

Chemetall

Chemical Manufacturer

Cherry Creek School District

Chicago Housing Authority

Chicago Public Schools

Chickasaw Nation Industries

Chico's FAS, Inc.

Chilton Hospital

Chiquita Brands International, Inc.

CHK

Choice Hotels International, Inc.

CHRISTUS Health

CHS Inc.

Chubb & Son

Church of Jesus Christ of Latter-day Saints

CIBC World Markets Corp

CIGNA Corp

Cinram Manufacturing LLC

Circle K Stores

Cisco

CITGO

Citizens Bank

Citizens Energy Group

Citizens Financial Group, Inc.

Citizens Property Insurance

City & County of Denver

City & County of Honolulu

City and County of San Francisco

City of Albany

City of Anaheim

City of Arvada

City of Atlanta

City of Atlanta, Department of Aviation

City of Battle Creek

City of Beloit

City of Boca Raton

City of Boynton Beach

City of Champaign

City of Charlotte

City of Charlotte/Mecklenburg County/Schools

City of Clintin

City of Coral Gables

City of Coral Springs

City of Edmond

City of Grand Junction, CO

City of Greenville

City of Hawthorne

City of Huntington Beach

City of Inkster

City of Jacksonville

City of Kansas City Mo.

City of Lincoln

City of Longmont

City of Los Angeles

City of Los Angeles Dept. of Water & Power

City of Memphis

City of Mesquite-Texas

City of Miami

City of Naples

City of Norfolk, Virginia

City of Ocala

City of Peoria Illinois

City of Portland, Oregon

City of Rapid City

City of Richmond, VA

City of Riviera Beach

City of Saint Paul

City of Salem, Oregon

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City of San Jose

City of Saratoga Springs, NY

City of Schertz

City of Spokane

City of Sunnyvale, California

City of Tamarac

City of Tampa

City of Waco

City of Waterbury

City of White Plains

CKE Restaurants, Inc.

CLARCOR Inc.

Clark County Nevada Department of Aviation

Clark County School District, Nevada

Clark County Washington

Clean Water Services

Clearfield City

Clemson University

Cleveland Group, Inc.

CME Group

CMS Energy Corp

CNMC

Coinstar, Inc

Cole Real Estate Investments

Collier County Board of County Commissioners

Collin County Government

Colorado Technical University

Columbia Sportswear

Comcast Corporation

Comerica Bank

Commercial Metals Company

Commonwealth of PA

Community College of Allegheny County

Community Health Systems

Comporium

Computershare

ConAgra Foods, Inc.

Concentra Inc. (a wholly owned subsidiary of Humana Inc.)

Concord Management Limited

ConGlobal Industries, Inc.

Conner Strong

Connexus Energy

ConocoPhillips

Consolidated Edison Company of New York

Consolidated Graphics, Inc.

Constellation Brands, Inc.

Constellation Energy

Construction Materials

Continental Automotive, Inc.

Convergys

Cook Inlet Region, Inc.

Cooper Tire & Rubber Company

CoorsTek, Inc.

Core Management Resources Group

Corn Products International

Cornerstone Real Estate Advisers LLC

Corning Incorporated

Corona Regional Medical Center

Corporate Office Properties Trust

Cost Plus Inc.

Costco Wholesale Corporation

COUNTRY Financial

County of Greenville, Greenville, SC

County of Orange

Covenant Retirement Communities

Covenant Transportation Group, Inc.

Covidien

Covidien plc

CPB - LDS

CPI Corp.

CPS Energy

CR England Global Transportation

Crane & Co., Inc.

Creighton University

Crop Production Services, Inc.

Cross Country Healthcare

CROSSMARK, Inc.

Crowley Maritime Corporation

Crown Holdings, Inc.

Crozer-Keystone Health System

Crump Group, Inc.

CSAA

CSC

CSW

CSX

CSX Corporation

Cubic Corp

Cubist Pharmaceuticals, Inc.

Culligan

Culligan International Company

Cummins Inc.

CUNA Mutual Group

CW Capital Asset Management

CW Financial Services LLC

CWS Capital Partners LLc

Cytec Industries Inc.

Daily Express, Inc.

Daimler Trucks North America

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Dairy Farmers of America

Dairyland Power Cooperative

Dallas County Community College District

Dallas Independent School District

Dallas/Ft Worth International Airport Board

Dana Holding Corporation

Danisco

Darden Restaurants, Inc.

Dartmouth College

Dassault Falcon Jet Corp

Dave & Buster's

Day Spa Company

Daymon Worldwide

Dayton Freight Lines, Inc.

Dayton Power and Light

Dayton Rogers Mfg. Co.

DC Water & Sewer Authority

DCP MIdstream

Dean Foods Company

Dean Health Systems, Inc.

Decline to State

Deere & Company

Del Monte Foods Company

Dell Inc.

Deloitte LLP

Delphi Automotive, LLP

Deluxe Corporation

Dentists Benefits Insurance Company

DENTSPLY International Inc.

Denver Public Schools

Denver Water Department

Department of the Army

Dept. of Admin. Services Risk Mgt. Division

Developers Diversified Realty Corporation

Devon Energy Corporation

Dex One Corporation

DFS Group Limited

Diamond Resorts

Dick's Sporting Goods

DineEquity

Diocese of Manchester

DIRECTV

Discover Financial Services

Disney

District of Columbia Water & Sewer Authority

District School Board of Pasco County FL

Division of Risk Mgt, Dept of Finance. State of Al.

Dollar General Corporation

Dollar Thrifty Automotive Group, Inc.

Dollar Tree, Inc.

Doosan Infracore Int'l

Douglas County

Douglas County School District

Dover Corp.

Dow Corning Corporation

Dr Pepper Snapple Group, Inc.

Draper and Kramer Inc.

DRC

DSW Inc.

Duke University

Dunbar Armored, Inc.

DuPage County

Duval County Public Schools

E. D. Bullard Company

East Carolina University

Eastern Maine Medical Center

Eastern Municipal Water District

eBay Inc.

EBMUD

Ecolab Inc.

Edison International

Educational Testing Service

Edwards Lifesciences Corp.

EFH

EGP

EHS and Risk Management

Einstein Noah Restaurant Group

El Paso Corporation

El Paso Electric Company

Electric Boat Corporation

Electric Power Research Institute

Electrolux North America, Inc.

Eli Lilly & Company

Embry Riddle Aeronautical University

Emerald Queen Casino

Emeritus Corporation

Emmis Communications Corporation

EnerSys

Ensign-Bickford Industries

Entergy Services, Inc.

Enterprise Holdings

Enterprise Products Company

Entertainment

EOD Technology

EQT Corporation

Equinix, Inc.

Equity Residential

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Ergon, Inc.

Ericsson Inc.

Erie Insurance Group

ES

ESCO Corporation

Essilor of America, Inc.

Evangelical Christian Credit Union

Evonik Degussa Corporation

EWI/Contran

Excellus BlueCross BlueShield

EXCO Resources, LLC

Exide Technologies

Exopack

Expeditors

Expeditors International of Washington Inc.

Experian

Express Scripts, Inc.

Express, Inc

Extensis Group LLC

Exterran Holdings Inc.

Extra Space Storage

Fairfax County Government

FairPoint Communications

Family Dollar Stores, Inc.

Fannie Mae

Farm Credit System

Farmers Insurance Group

Faurecia USA Holdings, Inc.

FBISD

FCCServices, Inc.

FCI

Federal Mogul Corporation

Federated Investors, Inc.

FedEx Corporation

FedEx Custom Critical, Inc.

FedEx Office and Print Services, Inc.

Ferguson Enterprises, Inc.

Fidelity National Financial

Fiesta Mart, Inc.

Financial Industry Regulatory Authority (FINRA)

Fireman's Fund Insurance Company

Firestone Diversified Products, LLC

First Data Corporation

First Financial Bank, NA

First Horizon National Corporation

First Industrial Realty Trust

First National Bank Alaska

First Niagara Financial Group, Inc.

FirstEnergy Corp.

Five Colleges, Incorporated and members

FL Conf.

Flexcon

Flextronics

Flint Group Incorporated

Florida Conference UMC

Flowserve Corporation

Fluor Corporation

FMC Corporation

FMC Technologies, Inc.

Follett Corporation

Forsythe Technology, Inc.

Fort Bend County

Fortune Brands, Inc.

Fox Entertainment Group, Inc.

Franciscan Services Corporation

Franklin Templeton

Freeman

Freeport LNG

Fresh & Easy Neigborhood Market Inc.

Friedkin Companies, Inc.

Fuel Oil Company

G & K Services

G&D Integrated, Inc.

G&K Services, Inc.

G4S/Touchcom

Gables Residential

GameStop

Gap Inc.

Gardner Denver, Inc.

Gary-Williams Energy Corporation

GATX CORPORATION

Gaylord

GEICO Insurance Company

Gene B. Glick Company Inc.

Genentech, Inc.

General Cable

General Dynamics Corporation

General Motors Company

Genesee County

GenOn Energy, Inc.

Gentiva Health Services, Inc.

Genzyme Corporation

Georgia EMC

Georgia EMC Workers Comp Fund

Giant Eagle

GID Investment Advisers LLC

Gilead Sciences

Girl Scouts of the USA

Glacier Bancorp, Inc.

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Glatfelter

Global Crossing

GLOBALFOUNDRIES

GMR Marketing LLC

Golden Corral Corporation

Golden Living

Golden Rain Foundation

Golden State Foods

Goodrich Corporation

Google

Grainger

Graphic Packaging International, Inc.

Graybar Electric Company, Inc.

Great American insurance

Great Plains Energy, Inc.

Great Western Insurance Co.

Greektown Casino, LLC

Green Bay Packaging Inc.

Greystar Real Estate Partners

Griffith Laboratories, Inc.

GSBA

GSF

GTECH Corporation

Guardian Industries Corp.

Guardsmark, LLC

Guess? Inc.

Gypsum Management and Supply, Inc.

H. O Penn Machinery Company, Inc.

HAGI

Halliburton Company

Halsted Communications

Hand Surgery Specialists of Nevada

Hanesbrands Inc.

Harley-Davidson Financial Services, Inc.

Harley-Davidson Motor Company

Harrah's New Orleans Casino & Hotel

Harris Corporation

Harris Teeter

Harry and David

Harvard Maintenance, Inc.

Harvest Facility Holdings, LP

Hasbro, Inc.

Haverty Furniture Companies, Inc

Hawaiian Electric Company, Inc.

Haworth, Inc.

HCC

HCP, Inc.

HD Supply

HDS

Health Care

Health Care Service Corporation

Health Net, Inc.

Hearst Corporation

HEB

HEB Risk Solutions

HEC

HECO

Heitman

Hendrick Automotive Group

Henkel of America, Inc.

Henry Schein, Inc.

Hewlett-Packard Co

Highmark, Inc.

Hillenbrand, Inc.

Hill-Rom Company, Inc.

Hillsborough County Aviation Auth

Hillsborough County BOCC

Hillsborough County Government

Hines Interests Limited Partnership

Hitachi Global Storage Technologies

HM.Clause Harris Moran Seed Company

HNI Corporation

HNTB Companies

Holcim (US) Inc.

Holy Redeemer Health System

Home Properties

Honda North America, Inc.

Honeywell International Inc.

Horizon Blue Cross BlueShield

Horizon Hobby

Hormel Foods Corporation

Houston Independent School District

HSBC North America Holdings Inc.

HSN, Inc.

HSNi

Hubbell

Hudson Advisors, LLC

Hunter Roberts

Huntington Bancshares Incorporated

Husqvarna

Hyatt Hotels Corporation

Hypertherm, Inc.

IAC/InterActiveCorp

IAP Worldwide Services, Inc

IASIS Healthcare

ICL Performance Products LP

ICM Inc.

IDI, Inc.

IEEE

IGT

IHG

IHR

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IHS Inc.

IKEA Charlotte

IKEA North America Services, LLC

Ilitch Holdings, Inc.

Illinois Casualty Company

IMG Worldwide, Inc.

IMS Health

Independent Health

Independent Purchasing Cooperative

ING

Ingersoll Rand

Ingram Industries Inc.

Ingram Micro Inc.

InifoPrint Solutions Company, LLC

Inland Riska and Insurance Management Services, Inc.

InSight Health Corp.

Insite Managed Solutions

Insurance Board

Insurance Buyers' Council, Inc.

Insurance Library Association of Boston

Insurance Office of America, Inc.

Integrys Energy Group, Inc.

Intel Corporation

Intergovernmental Risk Management Agency

Interim Healthcare, Inc.

Interland Corporation

Intermec, Inc.

Intermountain Staffing

International Game Technology

International Matex Tank Terminals (IMTT)

International Paper

InVentiv Clinical Solutions

InVentiv Health, Inc.

Invesco

IOC

Iowa State University

IRMA

Iron Mountain

ISMIE Mutual Insurance Company

ISS Facility Services, Inc.

iStar Financial Inc.

Ithaca College

Itron, Inc.

ITW

J M Huber Corporation

J. R. Simplot Company

J.M. Huber Corporation

Jabil Circuit, Inc.

Jacksonville Transportation Authority

Jacobs Engineering Group Inc.

Jacobs Management Corporation

James G. Davis Construction Corporation

Jas. D. Easton, Inc./Easton Technical Products, Inc.

Jason's Deli Corporate Office

Jefferson Parish

JELD-WEN

JI Specialty Services, Inc.

JM Family Enterprises, Inc.

JM Huber Corporation

JMC Steel Group

Johns Manville

Johnson & Johnson

Johnson Controls, Inc.

Jones Lang LaSalle

Journal Communications, Inc.

Joy Global Inc.

JPMorgan Chase & Co.

Judical Council of California

Juniper Networks

J-W Energy Company

Kaiser Foundation Health Plan

Kaiser Permanente

Kamehameha Schools

Kanakuk Ministries

Kansas City Power & Light

Kansas Gas Service

Kellogg Brown and Rool LLC

Kelly Services, Inc.

Kenai Peninsula Borough & School District

Kentucky Farm Bureau Mutual Insurance Companies

Kerzner International

KeyBank

KeyCorp

Kimberly-Clark

Kimmins Corp.

Kinder Morgan Inc.

Kindred Healthcare

Kinetic Concepts, Inc.

Kissimmee Utility Authority

KMG Chemicals

Kohler Co.

Kohl's

Komatsu America Corp.

KONE Inc.

Kraft Foods Inc.

Krueger International, Inc.

Kwik Trip, Inc.

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Kyocera International

L-3 Communications

Labor Finders International, Inc.

LACMTA

Laerdal Medical Corporation

Lafarge North America

Land O'Lakes, Inc.

Lands' End, Inc.

LANDSTAR SYSTEM, INC

Lane Hospitality

Laureate Education, Inc.

Lawrence Livermore National Laboratory

LBA Realty LLC

LDH Energy

LDS Church

Lear Corporation

Learning Care Group, Inc.

Lee county Electric Co-Op

Leggett & Platt, Inc.

Lennox International Inc.

Leupold & Stevens, Inc.

Level 3 Communications Inc.

Leviton Manufacturing Co., Inc.

Lexmark

Libbey Inc.

Liberty Diversified International

Liberty Mutual Group

Liberty Property Trust

Lifespan Corporation

Lifespan Risk Services

Lifetime Healthcare, Inc.

LifeWay Christian Resources

Limited Brands

Lincoln Electric Holdings

Lincoln National Corporation

Lincoln Property Company

Link Staffing Services

Linn Benton

Lipscomb University

LKQ Corporation

Lockheed Martin Aeronautics Co.

Loftus Adjustment Service

Logan's Roadhouse, Inc.

Loma Linda University Health System

Lone Star College System

Long Enterprises

Loram Maintenance of Way, Inc.

L'Oreal USA

Lorillard, Inc./Lorillard Tobacco Company

Los Angeles County Metropolitan Transportation Authority

Los Angeles Unified School District

Los Angeles World Airports

Louis Dreyfus Commodities

Lovelace Respiratory Research Institute

Love's Travel Stops, Inc.

Lowe Enterprises, Inc.

Lowe's Companies, Inc.

Loyola University Health System

LQ Management L.L.C.

LSI Corporation

Luby's, Inc.

Lucas County Board of Commissioners

Luxottica

LyondellBasell Industries

M&T Bank Corp

M. C. Dean

Macerich Company

Maclean Fogg Company

MACTEC, Inc.

Macy's

Madison Square Garden, Inc.

Maersk Inc.

Magee Rehabilitation Hospital

Magellan Midstream Partners, L.P.

Maher Terminals LLC

Majestic Star Casino LLC

Major League Baseball

Manafort Brothers Incorporated

Manor Care, Inc.

Manpower Group

MARCOR Environmental, LP

Marion County Board of County Commissioners

Marion County Risk Management

Marriott International, Inc.

Marsh & McLennan Companies

Marshall & Ilsley Corporation

Martin Marietta Materials, Inc.

Martin's Inc.

Maryland Medicine Comprehensive Insurance Program

Marymount University

Masco Corporation

Mass Bay Transit Authority

Massachusetts Department of Transportation

Massachusetts Water Resources Authority

MassDevelopment

Master Halco, Inc.

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MasterCard International Incorporated

Matrix Home Care

Mattel, Inc.

Mattress Holding LLC

McDermott International, Inc.

McGraw-Hill

McKee Foods Corporation

McKesson Corp.

McLean County

MDI

Meadville Medical Center

MeadWestvaco Corporation

MediaNews Group, Inc.

Medtronic Inc.

Meijer, Inc.

Memorial Health System

Merchants Insurance Group

Merck & Co., Inc.

Merrick & Company

Messer Construction Co.

Messinger Mortuary & Chapel, Inc.

MetLife

METRA

Metro

Metropolitan Atlanta Rapid Transit Authority

Metropolitan Stevedore Company

Metropolitan Transit Authority of Harris County, Texas

Metropolitan Washington Airports Authority

Metropolitan Transit Authority, Houston,TX.

MFS Investment Management

MGM Resorts International

Miami Dade College

Miami Dade County

Miami Dade County Public Schools

Michael Foods, Inc.

Michels Corporation

Michigan Catholic Conference

Michigan Milk Producers

Michigan Technological University

Microchip

Microsoft Corporation

Milwaukee Metropolitan Sewerage District

Mine Safety Appliances Company

MiraCosta Community College District

Mirant

MISO

Mitsubishi Caterpillar Forklift America Inc.

Mitsubishi International Corporation

MMCIP

Mohave County

Molson Coors Brewing Co

Monarch Consulting Inc.

Montana State University

Montereau, Inc.

Montgomery County

Montgomery County, Maryland

Moody's Corporation

Morgan Hotel Group Co.

Morton Salt, Inc.

Mosaic

MPG Office Trust

MRIGlobal

mrm

MTC

Mueller Water Products, Inc.

Murphy Oil Corporation

Muscatine Foods Corporation

MWH Global Inc.

Mylan Inc.

NACCO Materials Handling Group

Nalco Company

NANA Development Corporation

Nash Finch Company

National Academy of Sciences

National Exchange Carrier Association

National Express Corp

National Financial Partners Corp.

National Futures Association

National Grid

National Heritage Academies, Inc.

National Life Group

National MS Society

National Railroad Passenger Corporation

National Rifle Association of America

Nationwide Insurance Company

Nautilus International Holding Corp.

Navistar, Inc.

NAVTEQ

Navy Exchange Service Command

NCI GROUP, INC

NCR

NE Ohio Regional Sewer District

Nebraska Public Power District

NEC Corporation of America

Neopost USA Inc.

Nestle

NetApp, Inc.

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Nevada Insurance Guaranty Association

Nevada System of Higher Education

New Mexico Association of Counties

New Mexico State University

New York City Housing Authority

New York University

NEWAsurion

NewCourtland

Newegg Inc.

Newell Rubbermaid Inc.

Newfield Exploration Company

NewPage Corporation

Newport Consulting

Nexen Petroleum U.S.A. Inc.

Nichols Brothers Inc.

Nike, Inc.

Nissan North America, Inc.

Noble Drilling Services Inc.

Nordson Corporation

Norfolk Southern Corporation

Nortek, Inc.

Northeastern University

Northern Trust Corporation

Northrop Grumman Corporation

Northwest Evaluation Association

NorthWestern Energy

Northwestern Memorial Hospital

Nova Southeastern University

Novartis Corporation

NSHE

NuStar Energy

NV Energy, Inc.

NVIDIA Corporation

NY Black Car Operators' Injury Compensation Fund

NYCM Insurance

NYPA

NYU Langone Medical Center

Occidental Petroleum Corporation

OCSD

Odebrecht

Office Depot, Inc.

OfficeMax Incorporated

OGE Energy Corp

Ohio Farmers Insurance Company

Old Dominion Electric Cooperative

Old Mutual | US Life

Old Republic International Corporation

Oldcastle

Omaha Public Power District

Omni Hotels & Resorts

OmniTRAX, Inc. and The Broe Group

OMNOVA Solutions Inc.

ONEOK, Inc.

Oppenheimer Law Firm

Oracle Corp

Orange County Board of County Commissioners

Orbital Sciences Corporation

Orchid Medical

Oregon Child Development Coalition

Oregon Health & Science University

O'Reilly Auto Parts

Orscheln Management Co.

Osage Million Dollar Elm Casinos

Osceola County Board Of County Commissioners

Oshkosh Corporation

Otter Tail Corporation

Overlake Hospital Medical Center

Owens & Minor, Inc.

Owens-Illinois, Inc.

OXY

P.F. Chang's China Bistro, Inc.

Pacific Coast Companies Inc.

Pacific Coast Steel

Pacific Life Insurance Company

Pacific Marine & Supply Co., LTD.

Pacifica Hotel Company

PAETEC

PALA

Pall Corporation

Panasonic Corporation of America

Panda Restaurant Group, Inc.

Parsons Corporation

Pasc County School

Paychex, Inc.

PCI Gaming Authority

PDS Tech

Pearson plc

Penna. Real Estate Investment Trust

Pennsylvania State University

Penske Automotive Group

Pentair, Inc.

People's United Bank

Peoria Park District

Pepco Holdings, Inc.

Pepsi Cola Bottling Company of NY, Inc.

PepsiCo, Inc.

Perkins and Marie Callender's Inc.

Pernod Ricard USA, LLC.

Perris Union High School District

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PETCO Animal Supplies, Inc.

PetroQuest Energy, L.L.C.

PetSmart Inc.

Pfizer

Phillips-Van Heusen

Physicians Liability Insurance Company

Physician's Reciprocal Insurers

Piedmont Natural Gas

Pier 1 Imports Inc.

Pierce County Government

Pierce Transit

Pike Electric Corp.

Pima County

Pinellas County Risk Management

Pinellas County Schools

Pinellas Suncoast Transit Authority

Pinnacle Airlines Corp.

Pinnacle West Capital Corporation

Pioneer Investment Management USA

PJ United, Inc.

Placer County

Planned Parenthood

Plantronics Inc.

PLICO

Plum Creek Timber Company, Inc.

PMI

PNM Resources, Inc.

Polo Ralph Lauren

Port Authority of NY & NJ

Port of Los Angeles

Port of Portland

Port of Seattle

Portillo's Hot Dogs, Inc.

PPL Corporation

Precision Castparts Corp.

Premera Blue Cross

Presbyterian Church USA

PricewaterhouseCoopers

Prime Inc.

Prince William County Government

Princess Cruise Lines, Ltd.

Princeton University

Principal Real Estate Investors

ProBuild Holdings Inc.

Professional Community Management, Inc.

Progress Energy

Progressive Housing Inc.

PROSERVICE HAWAII BDC

Providence

Providence Health & Services

Prudential

PSAV Presentation Services

PSC, LLC

PTG Management Company

Public School Risk Institute

Public Utilities Risk Management Association

Public Utility District No. 1 of Benton County, WA

Public Utility District No. 2 of Grant County, WA

Public Utility District No.1 of Snohomish County

Public Utility District No. 1 of Cowlitz County

PulteGroup, Inc.

Purdue Pharma L.P.

Purdue University

Putnam Investments

PwC

Quad/Graphics, Inc.

Quaker Chemical corporation

QUALCOMM Incorporated

Quality Distribution, Inc.

Quantum Corporation

Quicken Loans Inc.

Quintana Minerals Corporation

Quintiles Transnational Holdings Inc.

Qwest Communications Int'l Inc.

R.D. Offutt Company

Radian Guaranty Inc.

Raley's

Ramco-Gershenson, Inc.

Randalls Food Markets

Range Resources Corporation

Rayonier Inc.

Real Mex Restaurants, Inc.

Realogy Corporation

Reckitt Benckiser

Recology

Red Bull

Red Robin International, Inc.

Regency Centers Corporation

Regional Transportation District

Related

Renal Advantage Inc.

Renown Health

Rent-A-Center Inc.

Renzenberger, Inc

Republic Financial Corporation

RES

Reser's Fine Foods, Inc.

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Restaurant Technologies, Inc.

Restaurants Unlimited

Retail Wholesale Apparel

Rexnord Industries, LLC

Reyes Holdings

Rice University

Rich Products Corp

Ricoh Americas Corporation

RICOMP Claims Management Corp

Ridgewood Savings Bank

Rio Grande Regional Hospital

Rio Tinto

Rio Tinto / Kennecott Utah Copper

Risk and Insurance Management Society, Inc.

Risk International

Risk Management

Robin Industries Inc.

RockTenn Company

Rockwell Automation, Inc.

Rockwell Collins, Inc.

Rockwood Specialties

Roman Catholic Diocese of Pittsburgh

Romano's Macaroni Grill

Ross Stores, Inc.

Rotary International

Roth

Roto-Rooter Services Company

Royal Caribbean Cruises Ltd

Royal Dutch Shell

RR Donnelley & Sons Company

rvos

Ryder System, Inc.

Safety Insurance Company

Safeway Inc.

SAF-HOLLAND, Inc.

Sage Software

Sagicor Claims Management

SAIC

Saint Francis Health System

Saint Louis University

Saint-Gobain Corporation

Salem Communications

Salt River Project

Saltchuk Resources, Inc.

Samford University

San Antonio Water System

San Francisco International Airport

San Francisco Unified School District

SandRidge Energy, Inc.

Sandvik, Inc.

Sanofi

Santa Clara Valley Transportation Authority

Santa Clara Valley Water District

Santee Cooper

Sara Lee Corporation

SAS Institute Inc.

Savage Companies

SCAN Health Plan

SCANA

SCCRWA

Schneider Electric

Schnitzer Steel Industries, Inc.

Scholastic Inc.

School Board of Polk County

School District of Palm Beach County

Schumacher Group

Schweitzer Engineering Laboratories, Inc.

Science Applications International Corporation

SCJ

Scripps Networks Interactive, Inc.

Seaboard Corporation

Seagate Technology

Sealed Air Corporation

Sealy

Sears Holdings Corp

Seattle Public Schools

Securitas Inc.

Sedgwick CMS

Sedgwick County, Kansas

SEFCU

Seminole Tribe of Florida

Sempra Energy

Sentara Healthcare

Sequa

Seton Hall University

SFN Group

Shaklee Corporation

Shamrock Foods Company

Shawmut Design and Construction

Shelby County Government

Shell Oil Company

Sherwin-Williams

Shriners Hospitals for Children

Siemens

Sierra Nevada Corporation

Sigma-Aldrich Corp

Silverado

Silverstein Properties

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Simon Property Group

Sinclair Oil Corporation

Skilled Healthcare, LLC

Smith & Nephew Inc.

Smithsonian

Smithsonian Institution

SMS Holdings Corporation

SMUD

Snap-on Incorporated

Snyder's-Lance, Inc.

Sodexo, Inc.

Solo Cup Company

Solutia

Sonoco Products Company

Sony Corporation of America

Sony Pictures Entertainment Inc.

Sotheby's

SOURCECORP, Incorporated

South Jersey Industries, Inc.

Southern Company

Southern Methodist University

Southern States Cooperative Inc.

Southern Ute Indian Tribe Growth Fund

Southwest Florida Water Management District

Southwest Research Institute

Sovereign Bank

Sparks Nugget, Inc.

Special Districts Association of Oregon

Specialty Retail

Spectrum Health System

Spencer Reed Group LLC

SSM Health Care

St Edward's University

St. Joseph Health System

St. Louis Convention & Visitors Commission

Staff One, Inc.

Staffmark

Stage Stores, Inc.

Standard Insurance

Standard Motor Products

Standard Parking Corporation

Standex International Corporation

Staples

Starbucks Coffee Company

Starwood Hotels & Resorts Worldwide, Inc.

State of Colorado

State of Connecticut

State of Nevada

State of Nevada/Risk Management Division

State of Oregon, Department of Administrative Services

State of Utah, Division of Risk Management

State of Wisconsin Bureau of State Risk Management

State of Wisconsin, Office of the Commissioner of Insurance

State Street Corp

Sterling Jewelers Inc.

Sterling Municipal Light Department

Sterling Savings Bank

Stewart & Stevenson LLC

Stewart Enterprises Inc.

Stonebridge Companies

STP Nuclear Operating Company

Structural Integrity Associates, Inc.

Styron LLC

Subaru of America, Inc.

Suburban Propane Partners, L.P.

Suez Environment North America

Sun Healthcare Group, Inc.

Sunstate Equipment Co.

Superior Air Ground Ambulance Services, Inc.

SUPERVALU INC

Swift Energy Company

Symantec Corporation

Synovus Financial Corp

Sysco Corporation

Systemax

Take 5 Oil Change

Talbots

Talecris Biotherapeutics

Target

Taubman Company

TCF Financial Corporation

TD Ameritrade

TE Connectivity Ltd

Teachers Retirement System of Texas

Tech Data Corporation

Technicolor USA, Inc.

Teledyne Technologies Inc.

Temple University Health System

Tenet Healthcare Corporation

Tennessee Valley Authority

Teradata Corporation

Terex Corporation

Terra Renewal Services

Terra-Gen Power, LLC

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Tesoro Corporation

Texas Association of Counties

Texas Children's Hospital

Texas City ISD

Texas Guaranteed Student Loan Corporation

Texas State Office of Risk Management

Texas Wings, Inc.

TFC

Thales USA, Inc.

The Aerospace Corporation

The ALS Group

The Art Institute of Chicago

The Auto Club Group

The Beck Group

The Blood & Tissue Center of Central Texas

The Bon-Ton Store, Inc.

The Boston Consortium for Higher Education

The Brady Companies

The BROE Group

The California State University

The Cheesecake Factory Incorporated

The Chicago Transit Authority

The Children's Place Retail Stores, Inc.

The Claremont Colleges

The Clorox Company

The Coca-Cola Company

The Decurion Corporation

The Duchossois Group, Inc.

The E.W. Scripps Company

The Forensic Institute

The Great Atlantic & Pacific Tea Company, Inc.

The Greenspun Corporation

The Grocers Supply Co., Inc.

The Hartford

The Hartz Group

The Haskell Company

The HAVI Group LP

The Hayman Company

The Hearst Corporation

The Hershey Company

The Home Depot

The Inland Group, Inc.

The Johns Hopkins Health System

The Jones Group, Inc.

The Krystal Company

The Majestic Star Casino, LLC

The Marmon Group LLC

The McGraw-Hill Cos., Inc.

The MITRE Corporation

The Mosaic Company

The National Catholic Risk Retention Group

The New York Times Company

The Pennsylvania State University

The Peterson Companies

The Pictsweet Company

The PNC Financial Services Group, Inc.

The Reader's Digest Assoc., Inc.

The Salvation Army

The Schwan Food Company

The Scotts Miracle-Gro Company

The ServiceMaster Company

The Shaw Group Inc.

The Tatitlek Corporation

The Timken Company

The Toro Company

The Universtiy of Alabama

The Walt Disney Company

The Warnaco Group, Inc.

The Washignton Post Company

The Wilbur-Ellis Company

The Williams Companies

The World Bank

Thomson Reuters Corp

Thor Industries, Inc.

TIAA-CREF

Tiffany and Company

Time Warner Inc.

Tishman Construction Corporation

T-Mobile

Toll Brothers

Toro

Torus Specialty Insurance Company

TOTAL American Services, Inc.

Total Risk Management

Total Safety U.S., Inc.

Total Transit

Towers Watson

Town of Palm Beach

Toyota Motor Sales USA, Inc.

Tracfone Wireless Inc.

Tractor Supply Company

TRANSAMERICA CORPORATION

Transfield Services North America, Inc.

TransForce

Transocean

Trans-System, Inc.

TransUnion Corp.

Travelport

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Travis County

Treasury

Tri Marine International

Tribune Company

TriMont Real Estate Advisors, Inc.

TriNet

Trinity Health Corporation

Trinity Industries, Inc.

Tri-State Generation and Transmission Association

Tropical Shipping

Tropicana Entertainment Inc.

True Companies

True Oil LLC

True Value Company

TRW Automotive Inc.

Tucson Electric Power Company

Tuolumne Me-Wuk Tribal Council

Turner Broadcasting System, Inc.

Turner Bros., LLC

Turner Enterprises, Inc.

TW Telecom Inc.

TYCO Healthcare

Tyson Foods, Inc.

U.S. Foodservice, Inc.

UCF Hotel Venture

UHG

UHS

Ullico

ULTA BEAUTY

UMB Financial Corporation

UniGroup, Inc.

UniSource Energy Corporation

United Airlines

United Car Care, Inc.

United Church Insurance Association

United Educators

United Nations Federal Credit Union

United Rentals, Inc.

United Services Association, Inc.

United Space Alliance, LLC

United States Olympic Committee

United Water

Universal Health Services

Universal Leaf Tobacco Company, Inc.

University Hospitals

University of Alabama at Birmingham

University of Alaska

University of Alaska Fairbanks

University of California

University of California Merced

University of California San Francisco

University of California, Davis

University of Colorado

University of Denver

University of Illinois

University of Illinois System

University of Kentucky

University of Maine System

University of Missouri

University of North Texas

University of Oregon

University of San Diego

University of Texas Health Science Center Houston

University of the Pacific

University of Virginia

University of the Pacific

Univision Communications Inc.

Univita Health

UPS

US Bancorp

USAA

USAA Group

USG Corporation

Utah Department of Transportation

UTC

UTi

Utility Services Associates, Inc.

Vail Resorts, Inc.

Valero Energy Corporation

ValleyCrest Companies

Vanguard

Varian Medical Systems, Inc.

Vector Security, Inc.

Ventura Foods, LLC

Veolia Environmental Services North America Corp.

Veolia Transportation, Inc.

Veolia Water

Verde Realty

Verisk Analytics

Verizon Communications Inc.

Vestas American Wind Technology, Inc.

Veyance Technologies, Inc.

Viacom Inc.

Viad Corp.

Viejas Enterprises

Village of Skokie

Virginia Polytechnic Institute and State University

Vivint, Inc.

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Volkswagen Group of America

Vornado Realty Trust

VPSI Inc.

Vulcan Materials Company

W.W. Grainger, Inc.

Wagner Equipment Co.

Wake Forest Baptist Health

Wal-Mart Stores, Inc.

Walt Disney Company

Warnaco

Warren Distribution, Inc.

Washington Counties Risk Pool

Washington County Government

Washington Gas Light Company

Washington Metropolitan Area Transit Authority

Waste Connections

Watkins Associated Industries, Inc.

Watt Companies

Watts Water Technologies, Inc.

Wausau Paper Corp.

Wawa, Inc.

WCi Communities, Inc.

We Energies

Weatherford International Inc.

Weeks Marine, Inc.

Wegmans Food Markets, Inc.

Weingarten Realty Investors

Wells Fargo & Company

Wells Fargo Bank

Wells Real Estate Funds, Inc.

Wendy's/Arby's Group

Werner Enterprises

West Pharmaceutical Services, Inc.

West Virginia University

Westar Energy Inc.

Western & Southern Financial Group

Western Bridge Corporate Federal Credit Union

Western Construction Group

Western Digital

Western National Group

Western Washington University

Westervelt Company

Westfield, LLC

Weston Solutions, Inc.

Weyerhaeuser

Whataburger

Wheaton Franciscan Healthcare

Wheaton Franciscan Services, Inc.

Whirlpool Corporation

Whole Food Market

Wilbur-Ellis Company

Williams

Williams-Sonoma, Inc.

Windsor Food Company

Windstream Communications, Inc.

Winn-Dixie Stores, Inc.

WinWholesale Inc.

WIS

Wolters Kluwer

Wolverine World Wide, Inc.

Work First Casualty

Wright Medical Group, Inc.

Wright Medical Technology, Inc.

Wrigley Company / Mars Incorporated

WS Badcock Corporation

Wyndham Worldwide

Xcel Energy Inc.

Xerox Corp

Yahoo! Inc.

Yale New Haven Health Services Corporation

Yale University

Yeshiva University

YKK Corporation of America

YMCA of Central Florida

YMCA of Greater Seattle

YRC Worldwide Inc.

Yum! Brands, Inc.

Zachry Corporation

Zachry Engineering Corp.

Zachry Holdings, Inc.

Zilber Ltd.

Zurich

Zurich in North America

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2011 Risk Management Compensation Survey

U.S. Participant Demographics

The 2011 Risk Management Compensation Survey contains compensation data for 11 jobs from 2,116 individual respondents from 1,750 U.S.

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

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

© 2011 Risk and Insurance Management Society, Inc. (RIMS) III - 1 U.S. Participant Demographics

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2011 Risk Management Compensation Survey

U.S. Participant Demographics

Ownership Type

# of

Resp.

Percent of

Respondents

Publicly Traded 952 45.0%

Private 633 29.9%

Government 250 11.8%

Not-for-Profit 211 10.0%

Other/Not Specified 70 3.3%

Revenue

# of

Resp.

Percent of

Respondents

Less than $100 Million 176 8.3%

$100 - $250

Million139 6.6%

$100 - $250 Million$250 - $500

Million161 7.6%

$250 - $500 Million $500 Million - $1 Billion 256 12.1%

$1 - $5

Billion623 29.4%

$1 - $5 Billion$5 - $10

Billion227 10.7%

$5 - $10 BillionGreater than

$10 Billion325 15.4%

Other/Not Specified 209 9.9%

The 2011 Risk Management Compensation Survey contains compensation data for 11 jobs from 2,116 individual respondents from 1,750 U.S.

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

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

Ownership Type

Revenue

45.0%

29.9%

11.8% 10.0%

3.3%

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

30.0%

35.0%

40.0%

45.0%

50.0%

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

Percent of Respondents

8.3% 6.6% 7.6%

12.1%

29.4%

10.7%

15.4%

9.9%

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

30.0%

35.0%

Less than $100Million

$100 - $250Million

$250 - $500Million

$500 Million - $1Billion

$1 - $5Billion

$5 - $10Billion

Greater than$10 Billion

Other/NotSpecified

Percent of Respondents

© 2011 Risk and Insurance Management Society, Inc. (RIMS) III - 2 U.S. Participant Demographics

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2011 Risk Management Compensation Survey

U.S. Participant Demographics

Organization Type

# of

Resp.

Percent of

Respondents

Parent 1574 74.4%

Subsidiary 148 7.0%

Division 143 6.8%

Single Location 130 6.1%

Other 121 5.7%

Regions (defined in Section I - 11)

# of

Resp.

Percent of

Respondents

North East Region North East 312 14.7%

Mid Atlantic Region Mid Atlantic 265 12.5%

South East Region South East 271 12.8%

Mississippi Valley 487 23.0%

Mountain Region Mountain 374 17.7%

Western Region Western 407 19.2%

Organization Type

Region

74.4%

7.0% 6.8% 6.1% 5.7%

0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

Parent Subsidiary Division Single Location Other

Percent of Respondents

14.7%

12.5% 12.8%

23.0%

17.7%

19.2%

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

North East Mid Atlantic South East Mississippi Valley Mountain Western

Percent of Respondents

© 2011 Risk and Insurance Management Society, Inc. (RIMS) III - 3 U.S. Participant Demographics

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2011 Risk Management Compensation Survey

U.S. Participant Demographics

Industry

# of

Resp.

Percent of

Respondents

Agriculture 18 0.9%

Business/Info

Services/Consulting/Legal/Accounting30 1.4%

Chemical/Pharmaceutical/Biotechnology 81 3.8%

Computer Software/Services 23 1.1%

Construction/Engineering/Architectural 71 3.4%

Education 117 5.5%

Energy 88 4.2%

Entertainment & Media 49 2.3%

Finance/Banking 89 4.2%

Government 150 7.1%

Healthcare 131 6.2%

Hospitality 70 3.3%

Insurance 107 5.1%

Mfg - Durable (includes Aerospace,

Computer/Office Equipment, Electronics)197 9.3%

Mfg - Nondurable (includes Food, Paper & Allied

Products)100 4.7%

Mining/Milling/Smelting 19 0.9%

Not-for-Profit 34 1.6%

Real Estate 94 4.4%

Research & Development 7 0.3%

Retail 140 6.6%

Service 58 2.7%

Telecommunications 41 1.9%

Transportation 103 4.9%

Utilities 97 4.6%

Wholesale Distribution 45 2.1%

Other 157 7.4%

Industry

0.9%

1.4%

3.8%

1.1%

3.4%

5.5%

4.2%

2.3%

4.2%

7.1%

6.2%

3.3%

5.1%

9.3%

4.7%

0.9%

1.6%

4.4%

0.3%

6.6%

2.7%

1.9%

4.9%

4.6%

2.1%

7.4%

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

Agriculture

Business/Info Services/Consulting/Legal/Accounting

Chemical/Pharmaceutical/Biotechnology

Computer Software/Services

Construction/Engineering/Architectural

Education

Energy

Entertainment & Media

Finance/Banking

Government

Healthcare

Hospitality

Insurance

Mfg - Durable (includes Aerospace, Computer/Office…

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

Mining/Milling/Smelting

Not-for-Profit

Real Estate

Research & Development

Retail

Service

Telecommunications

Transportation

Utilities

Wholesale Distribution

Other

Percent of Respondents

© 2011 Risk and Insurance Management Society, Inc. (RIMS) III - 4 U.S. Participant Demographics

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2011 Risk Management Compensation Survey

U.S. Participant Demographics

# of

Resp.

Percent of

Respondents

Do not have a Top Risk Management Executive 30 1.4%

Treasury 457 21.6%

Legal/Compliance Officer/Solicitor-General/Attorney General305 14.4%

CEO/VP/Board of Directors/President 263 12.4%

Other 108 5.1%

Human Resources/Personnel/Employee Benefits 86 4.1%

COO 69 3.3%

Administration/Management

Board/Government Services49 2.3%

Mayor/Governor/Premier 3 0.1%

Did Not Indicate 4 0.2%

nThe average reported number of employees in the risk management department is 7.86 while the median is 4.00.

Who the Top Risk Management Executive reports to:

Size of Department

1.4%

21.6%

14.4%

12.4%

5.1%

4.1%

3.3%

2.3%

0.1%

0.2%

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

Do not have a Top Risk Management Executive

Treasury

Legal/Compliance Officer/Solicitor-General/AttorneyGeneral

CEO/VP/Board of Directors/President

Other

Human Resources/Personnel/Employee Benefits

COO

Administration/Management Board/GovernmentServices

Mayor/Governor/Premier

Did Not Indicate

Percent of Respondents

© 2011 Risk and Insurance Management Society, Inc. (RIMS) III - 5 U.S. Participant Demographics

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2011 Risk Management Compensation Survey

U.S. Participant Demographics

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© 2011 Risk and Insurance Management Society, Inc. (RIMS) III - 6 U.S. Participant Demographics

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2011 Risk Management Compensation Survey

All Positions - United States

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

Job Title

# of

Resp. Average 25th pct50th pct

(median) 75th pct

# of

Resp. Average 25th pct50th pct

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

(median)

# of

Resp. Average 25th pct50th pct

(median) 75th pct Average50th pct

(median)

Chief Risk Officer | Vice President - Risk

Management | Vice President - Strategic

and Enterprise Risk

231 $183.8 $147.0 $175.0 $210.0 190 $63.9 $27.0 $50.0 $78.0 136 34.5% 30.0% 231 $236.3 $175.0 $210.0 $275.0 19.1 20.0

Director - Business Continuity/Financial/IT

Risk Management16 $135.7 $109.0 $127.5 $147.0 14 $34.8 $15.0 $22.5 $60.0 6 23.3% 20.0% 16 $166.2 $121.5 $140.5 $188.5 12.1 8.5

Director - Enterprise Risk Management

(ERM)/Strategic Risk Management / Risk

Intelligence

114 $130.2 $98.0 $130.0 $152.0 89 $26.0 $10.8 $22.0 $30.0 62 20.9% 20.0% 114 $150.5 $107.4 $140.5 $190.0 14.2 14.0

Director - Insurance and Risk Management 908 $126.8 $99.3 $124.0 $150.0 644 $32.0 $12.5 $25.0 $42.0 435 25.9% 20.0% 908 $149.5 $105.0 $139.5 $180.7 19.3 20.0

Manager - Insurance Management 384 $97.0 $80.0 $95.0 $110.2 255 $16.0 $6.6 $13.0 $21.8 169 16.2% 15.0% 384 $107.6 $85.0 $103.3 $126.3 14.2 12.0

Employee Benefits/Workers Compensation

Claims Manager39 $83.6 $67.5 $80.0 $103.0 18 $10.5 $3.4 $10.3 $16.0 5 31.8% 15.0% 39 $88.5 $67.5 $81.5 $110.0 16.0 14.0

Claims Manager 116 $83.4 $70.2 $82.0 $96.9 70 $11.7 $5.1 $10.0 $15.0 34 16.9% 10.0% 116 $90.5 $73.4 $90.0 $104.4 15.3 15.0

Environmental, Health or Safety Manager 29 $91.6 $69.0 $94.8 $104.0 16 $8.9 $3.5 $6.6 $11.7 12 10.2% 10.0% 29 $96.5 $72.0 $96.0 $106.6 15.0 13.0

Risk Management Analyst (Enterprise-Wide) 81 $71.6 $58.4 $70.0 $82.5 47 $5.9 $2.0 $3.0 $9.0 19 15.6% 10.0% 81 $75.0 $60.0 $70.0 $85.0 9.7 7.0

Risk Management Analyst 175 $66.4 $55.0 $65.0 $76.0 102 $5.9 $2.4 $3.9 $6.5 45 14.5% 10.0% 175 $69.8 $56.2 $66.4 $81.0 10.0 8.0

Claims Analyst 23 $55.3 $45.0 $54.0 $66.0 9 $2.9 -- $2.5 -- 3 -- -- 23 $56.4 $47.0 $54.0 $69.0 7.9 5.0

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

© 2011 Risk and Insurance Management Society, Inc. (RIMS) IV- 1 All Jobs Summary - US Data

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© 2011 Risk and Insurance Management Society, Inc. (RIMS) IV- 2 All Jobs Summary - US Data

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2011 Risk Management Compensation Survey

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

Ownership Type

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 231 $183.8 $236.3

Publicly Traded 95 $202.0 $276.3

Private 92 $166.5 $211.6

Government 12 $139.4 $149.2

Not-for-Profit 23 $196.0 $218.0

Revenue

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 231 $183.8 $236.3

Less than $100

Million24 $148.7 $172.2

$100 - $250 Million$100 - $250

Million20 $150.8 $165.4

$250 - $500 Million$250 - $500

Million25 $166.6 $193.2

$500 Million - $1 Billion 35 $174.8 $226.6

$1 - $5 Billion$1 - $5

Billion75 $188.4 $245.7

$5 - $10 Billion$5 - $10

Billion23 $221.6 $309.6

Greater than

$10 Billion28 $221.1 $309.5

Average Compensation by Ownership Type

Average Compensation by Revenue

$1

83

.8

$2

02

.0

$1

66

.5

$1

39

.4 $

19

6.0

$2

36

.3 $2

76

.3

$2

11

.6

$1

49

.2

$2

18

.0

$0.0

$50.0

$100.0

$150.0

$200.0

$250.0

$300.0

All Respondents Publicly Traded Private Government Not-for-Profit

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

$1

83

.8

$1

48

.7

$1

50

.8

$1

66

.6

$1

74

.8

$1

88

.4

$2

21

.6

$2

21

.1

$2

36

.3

$1

72

.2

$1

65

.4

$1

93

.2

$2

26

.6

$2

45

.7

$3

09

.6

$3

09

.5

$0.0

$50.0

$100.0

$150.0

$200.0

$250.0

$300.0

$350.0

All Respondents Less than $100Million

$100 - $250Million

$250 - $500Million

$500 Million - $1Billion

$1 - $5Billion

$5 - $10Billion

Greater than$10 Billion

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

© 2011 Risk and Insurance Management Society, Inc. (RIMS) IV- 3 US Data

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2011 Risk Management Compensation Survey

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

Degree

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 231 $183.8 $236.3

HS/Associate 12 $153.4 $176.0

Bachelors 98 $177.4 $226.0

MA/MS 28 $177.8 $213.7

MBA 57 $189.3 $253.9

JD 24 $231.4 $314.4

Supervisory Responsibility

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 231 $183.8 $236.3

No 8 $117.1 $138.7

1 or Fewer 20 $171.4 $210.5

From 1 to 3 44 $176.9 $223.3

From 3 to 5 42 $175.0 $221.1

More than 5 65 $202.4 $268.1

Average Compensation by Degree

Average Compensation by Supervisory Responsibility

$1

83

.8

$1

53

.4

$1

77

.4

$1

77

.8

$1

89

.3 $2

31

.4

$2

36

.3

$1

76

.0 $

22

6.0

$2

13

.7 $2

53

.9

$3

14

.4

$0.0

$50.0

$100.0

$150.0

$200.0

$250.0

$300.0

$350.0

All Respondents HS/Associate Bachelors MA/MS MBA JD

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

$1

83

.8

$1

17

.1

$1

71

.4

$1

76

.9

$1

75

.0

$2

02

.4

$2

36

.3

$1

38

.7

$2

10

.5

$2

23

.3

$2

21

.1 $

26

8.1

$0.0

$50.0

$100.0

$150.0

$200.0

$250.0

$300.0

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

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

© 2011 Risk and Insurance Management Society, Inc. (RIMS) IV- 4 US Data

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2011 Risk Management Compensation Survey

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

Industry

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 231 $183.8 $236.3

Business/Info

Services/Consulting/Legal/Accounting9 $195.7 $286.9

Construction/Engineering/Architectural 12 $198.1 $258.1

Education 5 $166.2 $173.2

Energy 5 $176.4 $240.4

Entertainment & Media 7 $206.3 $262.3

Finance/Banking 6 $162.8 $205.2

Government 12 $139.4 $149.2

Healthcare 31 $177.5 $204.4

Hospitality 15 $169.7 $213.7

Insurance 14 $234.3 $316.2

Mfg - Durable (includes Aerospace,

Computer/Office Equipment, Electronics)10 $191.5 $259.7

Mfg - Nondurable (includes Food, Paper & Allied

Products)11 $178.1 $252.0

Not-for-Profit 23 $196.0 $218.0

Real Estate 19 $169.4 $207.0

Retail 13 $193.3 $262.9

Service 14 $164.2 $192.0

Transportation 16 $166.5 $213.1

Utilities 6 $186.8 $228.5

Other 9 $195.7 $230.2

Average Compensation by Industry

$183.8

$195.7

$198.1

$166.2

$176.4

$206.3

$162.8

$139.4

$177.5

$169.7

$234.3

$191.5

$178.1

$196.0

$169.4

$193.3

$164.2

$166.5

$186.8

$195.7

$236.3

$286.9

$258.1

$173.2

$240.4

$262.3

$205.2

$149.2

$204.4

$213.7

$316.2

$259.7

$252.0

$218.0

$207.0

$262.9

$192.0

$213.1

$228.5

$230.2

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

All Respondents

Business/Info Services/Consulting/Legal/Accounting

Construction/Engineering/Architectural

Education

Energy

Entertainment & Media

Finance/Banking

Government

Healthcare

Hospitality

Insurance

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

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

Not-for-Profit

Real Estate

Retail

Service

Transportation

Utilities

Other

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

© 2011 Risk and Insurance Management Society, Inc. (RIMS) IV- 5 US Data

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2011 Risk Management Compensation Survey

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

Regions (defined in Section I - 15)

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 231 $183.8 $236.3

North East Region North East 45 $191.4 $249.2

Mid Atlantic Region Mid Atlantic 29 $184.7 $249.9

South East Region South East 37 $158.9 $191.7

Mississippi Valley 47 $203.1 $267.6

Mountain Region Mountain 34 $161.7 $204.7

Western Region Western 39 $193.8 $243.4

Average Compensation by Region

$1

83

.8

$1

91

.4

$1

84

.7

$1

58

.9

$2

03

.1

$1

61

.7 $

19

3.8

$2

36

.3

$2

49

.2

$2

49

.9

$1

91

.7

$2

67

.6

$2

04

.7

$2

43

.4

$0.0

$50.0

$100.0

$150.0

$200.0

$250.0

$300.0

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

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

© 2011 Risk and Insurance Management Society, Inc. (RIMS) IV- 6 US Data

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2011 Risk Management Compensation Survey

Director - Business Continuity/Financial/IT Risk Management

Ownership Type

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 16 $135.7 $166.2

Publicly Traded 5 $142.8 $183.5

Private 4 -- --

Government 1 -- --

Not-for-Profit 5 $137.4 $160.2

Revenue

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 16 $135.7 $166.2

Less than $100

Million2 -- --

$100 - $250 Million$100 - $250

Million1 -- --

$250 - $500 Million$250 - $500

Million1 -- --

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

$1 - $5 Billion$1 - $5

Billion6 $136.6 $168.1

$5 - $10 Billion$5 - $10

Billion0 -- --

Greater than

$10 Billion2 -- --

Average Compensation by Ownership Type

Average Compensation by Revenue

$1

35

.7

$1

42

.8

$0

.0

$0

.0

$1

37

.4 $1

66

.2

$1

83

.5

$0

.0

$0

.0

$1

60

.2

$0.0

$20.0

$40.0

$60.0

$80.0

$100.0

$120.0

$140.0

$160.0

$180.0

$200.0

All Respondents Publicly Traded Private Government Not-for-Profit

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

$1

35

.7

$0

.0

$0

.0

$0

.0

$0

.0

$1

36

.6

$0

.0

$0

.0

$1

66

.2

$0

.0

$0

.0

$0

.0

$0

.0

$1

68

.1

$0

.0

$0

.0

$0.0

$20.0

$40.0

$60.0

$80.0

$100.0

$120.0

$140.0

$160.0

$180.0

All Respondents Less than $100Million

$100 - $250Million

$250 - $500Million

$500 Million - $1Billion

$1 - $5Billion

$5 - $10Billion

Greater than$10 Billion

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

© 2011 Risk and Insurance Management Society, Inc. (RIMS) IV- 7 US Data

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2011 Risk Management Compensation Survey

Director - Business Continuity/Financial/IT Risk Management

Degree

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 16 $135.7 $166.2

HS/Associate 0 -- --

Bachelors 7 $129.1 $162.8

MA/MS 2 -- --

MBA 6 $153.3 $186.3

JD 0 -- --

Supervisory Responsibility

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 16 $135.7 $166.2

No 4 -- --

1 or Fewer 1 -- --

From 1 to 3 3 -- --

From 3 to 5 2 -- --

More than 5 5 $149.0 $184.7

Average Compensation by Degree

Average Compensation by Supervisory Responsibility

$1

35

.7

$0

.0

$1

29

.1

$0

.0

$1

53

.3

$0

.0

$1

66

.2

$0

.0

$1

62

.8

$0

.0

$1

86

.3

$0

.0

$0.0

$20.0

$40.0

$60.0

$80.0

$100.0

$120.0

$140.0

$160.0

$180.0

$200.0

All Respondents HS/Associate Bachelors MA/MS MBA JD

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

$1

35

.7

$0

.0

$0

.0

$0

.0

$0

.0

$1

49

.0

$1

66

.2

$0

.0

$0

.0

$0

.0

$0

.0

$1

84

.7

$0.0

$20.0

$40.0

$60.0

$80.0

$100.0

$120.0

$140.0

$160.0

$180.0

$200.0

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

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

© 2011 Risk and Insurance Management Society, Inc. (RIMS) IV- 8 US Data

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Director - Business Continuity/Financial/IT Risk Management

Industry

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 16 $135.7 $166.2

Not-for-Profit 5 $137.4 $160.2

Regions (defined in Section I - 15)

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 16 $135.7 $166.2

Mississippi Valley 5 $121.4 $131.8

Average Compensation by Region

Average Compensation by Industry

$135.7

$137.4

$166.2

$160.2

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

All Respondents

Not-for-Profit

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

$1

35

.7

$1

21

.4

$1

66

.2

$1

31

.8

$0.0

$20.0

$40.0

$60.0

$80.0

$100.0

$120.0

$140.0

$160.0

$180.0

All Respondents Mississippi Valley

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

© 2011 Risk and Insurance Management Society, Inc. (RIMS) IV- 9 US Data

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2011 Risk Management Compensation Survey

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

Ownership Type

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 114 $130.2 $150.5

Publicly Traded 45 $146.5 $175.5

Private 33 $118.9 $140.5

Government 14 $113.7 $117.1

Not-for-Profit 19 $129.0 $142.2

Revenue

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 114 $130.2 $150.5

Less than $100

Million13 $111.4 $122.4

$100 - $250 Million$100 - $250

Million6 $118.1 $135.9

$250 - $500 Million$250 - $500

Million11 $129.5 $151.9

$500 Million - $1 Billion 15 $136.9 $152.7

$1 - $5 Billion$1 - $5

Billion36 $134.5 $154.5

$5 - $10 Billion$5 - $10

Billion11 $150.6 $186.9

Greater than

$10 Billion12 $140.3 $169.2

Average Compensation by Ownership Type

Average Compensation by Revenue

$1

30

.2

$1

46

.5

$1

18

.9

$1

13

.7

$1

29

.0

$1

50

.5

$1

75

.5

$1

40

.5

$1

17

.1

$1

42

.2

$0.0

$20.0

$40.0

$60.0

$80.0

$100.0

$120.0

$140.0

$160.0

$180.0

$200.0

All Respondents Publicly Traded Private Government Not-for-Profit

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

$1

30

.2

$1

11

.4

$1

18

.1

$1

29

.5

$1

36

.9

$1

34

.5

$1

50

.6

$1

40

.3

$1

50

.5

$1

22

.4

$1

35

.9

$1

51

.9

$1

52

.7

$1

54

.5

$1

86

.9

$1

69

.2

$0.0

$20.0

$40.0

$60.0

$80.0

$100.0

$120.0

$140.0

$160.0

$180.0

$200.0

All Respondents Less than $100Million

$100 - $250Million

$250 - $500Million

$500 Million - $1Billion

$1 - $5Billion

$5 - $10Billion

Greater than$10 Billion

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

© 2011 Risk and Insurance Management Society, Inc. (RIMS) IV- 11 US Data

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2011 Risk Management Compensation Survey

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

Degree

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 114 $130.2 $150.5

HS/Associate 3 -- --

Bachelors 44 $129.5 $146.3

MA/MS 13 $116.0 $126.6

MBA 36 $136.6 $160.2

JD 13 $138.4 $167.7

Supervisory Responsibility

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 114 $130.2 $150.5

No 22 $120.9 $138.7

1 or Fewer 11 $121.9 $138.5

From 1 to 3 29 $118.5 $134.1

From 3 to 5 16 $141.7 $171.4

More than 5 16 $121.1 $136.5

Average Compensation by Degree

Average Compensation by Supervisory Responsibility

$1

30

.2

$0

.0

$1

29

.5

$1

16

.0 $1

36

.6

$1

38

.4

$1

50

.5

$0

.0

$1

46

.3

$1

26

.6

$1

60

.2

$1

67

.7

$0.0

$20.0

$40.0

$60.0

$80.0

$100.0

$120.0

$140.0

$160.0

$180.0

All Respondents HS/Associate Bachelors MA/MS MBA JD

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

$1

30

.2

$1

20

.9

$1

21

.9

$1

18

.5 $1

41

.7

$1

21

.1 $

15

0.5

$1

38

.7

$1

38

.5

$1

34

.1

$1

71

.4

$1

36

.5

$0.0

$20.0

$40.0

$60.0

$80.0

$100.0

$120.0

$140.0

$160.0

$180.0

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

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

© 2011 Risk and Insurance Management Society, Inc. (RIMS) IV- 12 US Data

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2011 Risk Management Compensation Survey

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

Industry

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 114 $130.2 $150.5

Education 7 $95.9 $95.9

Finance/Banking 5 $151.3 $170.5

Government 14 $113.7 $117.1

Healthcare 11 $126.8 $141.9

Insurance 16 $129.5 $152.3

Mfg - Durable (includes Aerospace,

Computer/Office Equipment, Electronics)10 $147.8 $172.2

Not-for-Profit 19 $129.0 $142.2

Utilities 8 $139.3 $165.4

Regions (defined in Section I - 15)

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 114 $130.2 $150.5

North East Region North East 13 $144.4 $159.8

Mid Atlantic Region Mid Atlantic 20 $133.3 $157.1

South East Region South East 9 $117.3 $132.6

Mississippi Valley 27 $118.5 $136.0

Mountain Region Mountain 19 $131.2 $158.7

Western Region Western 26 $136.6 $156.1

Average Compensation by Region

Average Compensation by Industry

$130.2

$95.9

$151.3

$113.7

$126.8

$129.5

$147.8

$129.0

$139.3

$150.5

$95.9

$170.5

$117.1

$141.9

$152.3

$172.2

$142.2

$165.4

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

All Respondents

Education

Finance/Banking

Government

Healthcare

Insurance

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

Not-for-Profit

Utilities

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

$1

30

.2

$1

44

.4

$1

33

.3

$1

17

.3

$1

18

.5

$1

31

.2

$1

36

.6

$1

50

.5

$1

59

.8

$1

57

.1

$1

32

.6

$1

36

.0 $1

58

.7

$1

56

.1

$0.0

$20.0

$40.0

$60.0

$80.0

$100.0

$120.0

$140.0

$160.0

$180.0

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

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

© 2011 Risk and Insurance Management Society, Inc. (RIMS) IV- 13 US Data

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2011 Risk Management Compensation Survey

Director - Insurance and Risk Management

Ownership Type

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 908 $126.8 $149.5

Publicly Traded 398 $144.9 $182.9

Private 270 $120.4 $138.0

Government 132 $98.5 $100.0

Not-for-Profit 86 $112.5 $115.4

Revenue

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 908 $126.8 $149.5

Less than $100

Million72 $100.2 $105.4

$100 - $250 Million$100 - $250

Million67 $104.5 $113.0

$250 - $500 Million$250 - $500

Million84 $113.0 $122.2

$500 Million - $1 Billion 125 $116.0 $128.4

$1 - $5 Billion$1 - $5

Billion270 $132.1 $157.6

$5 - $10 Billion$5 - $10

Billion104 $144.3 $178.9

Greater than

$10 Billion138 $157.2 $203.5

Average Compensation by Ownership Type

Average Compensation by Revenue

$1

26

.8

$1

44

.9

$1

20

.4

$9

8.5

$1

12

.5 $

14

9.5

$1

82

.9

$1

38

.0

$1

00

.0

$1

15

.4

$0.0

$20.0

$40.0

$60.0

$80.0

$100.0

$120.0

$140.0

$160.0

$180.0

$200.0

All Respondents Publicly Traded Private Government Not-for-Profit

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

$1

26

.8

$1

00

.2

$1

04

.5

$1

13

.0

$1

16

.0

$1

32

.1

$1

44

.3

$1

57

.2

$1

49

.5

$1

05

.4

$1

13

.0

$1

22

.2

$1

28

.4 $1

57

.6

$1

78

.9

$2

03

.5

$0.0

$50.0

$100.0

$150.0

$200.0

$250.0

All Respondents Less than $100Million

$100 - $250Million

$250 - $500Million

$500 Million - $1Billion

$1 - $5Billion

$5 - $10Billion

Greater than$10 Billion

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

© 2011 Risk and Insurance Management Society, Inc. (RIMS) IV- 15 US Data

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Director - Insurance and Risk Management

Degree

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 908 $126.8 $149.5

HS/Associate 64 $115.1 $130.7

Bachelors 466 $124.5 $147.1

MA/MS 70 $119.4 $132.2

MBA 232 $136.3 $165.6

JD 37 $135.5 $155.7

Supervisory Responsibility

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 908 $126.8 $149.5

No 152 $110.2 $126.1

1 or Fewer 153 $120.9 $140.3

From 1 to 3 265 $130.8 $156.0

From 3 to 5 136 $124.5 $145.3

More than 5 111 $134.4 $158.5

Average Compensation by Degree

Average Compensation by Supervisory Responsibility

$1

26

.8

$1

15

.1

$1

24

.5

$1

19

.4

$1

36

.3

$1

35

.5

$1

49

.5

$1

30

.7

$1

47

.1

$1

32

.2

$1

65

.6

$1

55

.7

$0.0

$20.0

$40.0

$60.0

$80.0

$100.0

$120.0

$140.0

$160.0

$180.0

All Respondents HS/Associate Bachelors MA/MS MBA JD

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

$1

26

.8

$1

10

.2

$1

20

.9

$1

30

.8

$1

24

.5

$1

34

.4

$1

49

.5

$1

26

.1

$1

40

.3

$1

56

.0

$1

45

.3

$1

58

.5

$0.0

$20.0

$40.0

$60.0

$80.0

$100.0

$120.0

$140.0

$160.0

$180.0

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

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

© 2011 Risk and Insurance Management Society, Inc. (RIMS) IV- 16 US Data

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2011 Risk Management Compensation Survey

Director - Insurance and Risk Management

Industry

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 908 $126.8 $149.5

Agriculture 6 $103.8 $119.1

Business/Info

Services/Consulting/Legal/Accounting10 $141.3 $174.6

Chemical/Pharmaceutical/Biotechnology 42 $144.1 $187.0

Computer Software/Services 13 $158.8 $195.0

Construction/Engineering/Architectural 29 $137.5 $153.0

Education 67 $101.7 $104.6

Energy 36 $147.3 $189.4

Entertainment & Media 23 $135.9 $158.8

Finance/Banking 42 $140.1 $173.0

Government 132 $98.5 $100.0

Healthcare 44 $118.6 $128.8

Hospitality 38 $110.8 $126.7

Insurance 28 $119.3 $133.8

Mfg - Durable (includes Aerospace,

Computer/Office Equipment, Electronics)88 $139.6 $174.4

Mfg - Nondurable (includes Food, Paper & Allied

Products)40 $134.3 $167.2

Mining/Milling/Smelting 7 $152.1 $189.9

Not-for-Profit 86 $112.5 $115.4

Real Estate 40 $131.4 $155.4

Retail 64 $135.2 $164.4

Service 19 $135.4 $151.5

Telecommunications 19 $129.2 $160.2

Transportation 45 $110.7 $128.6

Utilities 29 $133.1 $162.3

Wholesale Distribution 21 $132.4 $166.7

Other 22 $104.4 $114.4

Average Compensation by Industry

$126.8

$103.8

$141.3

$144.1

$158.8

$137.5

$101.7

$147.3

$135.9

$140.1

$98.5

$118.6

$110.8

$119.3

$139.6

$134.3

$152.1

$112.5

$131.4

$135.2

$135.4

$129.2

$110.7

$133.1

$132.4

$104.4

$149.5

$119.1

$174.6

$187.0

$195.0

$153.0

$104.6

$189.4

$158.8

$173.0

$100.0

$128.8

$126.7

$133.8

$174.4

$167.2

$189.9

$115.4

$155.4

$164.4

$151.5

$160.2

$128.6

$162.3

$166.7

$114.4

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

All Respondents

Agriculture

Business/Info Services/Consulting/Legal/Accounting

Chemical/Pharmaceutical/Biotechnology

Computer Software/Services

Construction/Engineering/Architectural

Education

Energy

Entertainment & Media

Finance/Banking

Government

Healthcare

Hospitality

Insurance

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

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

Mining/Milling/Smelting

Not-for-Profit

Real Estate

Retail

Service

Telecommunications

Transportation

Utilities

Wholesale Distribution

Other

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

© 2011 Risk and Insurance Management Society, Inc. (RIMS) IV- 17 US Data

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Director - Insurance and Risk Management

Regions (defined in Section I - 15)

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 908 $126.8 $149.5

North East Region North East 148 $141.2 $169.7

Mid Atlantic Region Mid Atlantic 95 $129.3 $149.8

South East Region South East 115 $115.5 $135.3

Mississippi Valley 210 $126.9 $152.9

Mountain Region Mountain 159 $117.7 $136.1

Western Region Western 181 $128.8 $149.6

Average Compensation by Region

$1

26

.8

$1

41

.2

$1

29

.3

$1

15

.5

$1

26

.9

$1

17

.7

$1

28

.8 $

14

9.5

$1

69

.7

$1

49

.8

$1

35

.3 $1

52

.9

$1

36

.1

$1

49

.6

$0.0

$20.0

$40.0

$60.0

$80.0

$100.0

$120.0

$140.0

$160.0

$180.0

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

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

© 2011 Risk and Insurance Management Society, Inc. (RIMS) IV- 18 US Data

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2011 Risk Management Compensation Survey

Manager - Insurance Management

Ownership Type

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 384 $97.0 $107.6

Publicly Traded 195 $102.4 $116.5

Private 103 $93.7 $104.4

Government 42 $82.1 $82.5

Not-for-Profit 25 $93.5 $99.1

Revenue

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 384 $97.0 $107.6

Less than $100

Million25 $80.9 $85.9

$100 - $250 Million$100 - $250

Million28 $89.9 $96.7

$250 - $500 Million$250 - $500

Million22 $94.3 $100.2

$500 Million - $1 Billion 31 $91.1 $98.6

$1 - $5 Billion$1 - $5

Billion130 $96.1 $105.7

$5 - $10 Billion$5 - $10

Billion39 $105.8 $118.2

Greater than

$10 Billion77 $111.6 $130.5

Average Compensation by Ownership Type

Average Compensation by Revenue

$9

7.0

$1

02

.4

$9

3.7

$8

2.1

$9

3.5

$1

07

.6

$1

16

.5

$1

04

.4

$8

2.5

$9

9.1

$0.0

$20.0

$40.0

$60.0

$80.0

$100.0

$120.0

$140.0

All Respondents Publicly Traded Private Government Not-for-Profit

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

$9

7.0

$8

0.9

$8

9.9

$9

4.3

$9

1.1

$9

6.1

$1

05

.8

$1

11

.6

$1

07

.6

$8

5.9

$9

6.7

$1

00

.2

$9

8.6

$1

05

.7

$1

18

.2

$1

30

.5

$0.0

$20.0

$40.0

$60.0

$80.0

$100.0

$120.0

$140.0

All Respondents Less than $100Million

$100 - $250Million

$250 - $500Million

$500 Million - $1Billion

$1 - $5Billion

$5 - $10Billion

Greater than$10 Billion

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

© 2011 Risk and Insurance Management Society, Inc. (RIMS) IV- 19 US Data

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2011 Risk Management Compensation Survey

Manager - Insurance Management

Degree

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 384 $97.0 $107.6

HS/Associate 31 $82.1 $89.1

Bachelors 220 $96.7 $106.4

MA/MS 29 $93.1 $100.9

MBA 80 $104.2 $119.1

JD 8 $106.6 $126.1

Supervisory Responsibility

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 384 $97.0 $107.6

No 193 $95.2 $106.0

1 or Fewer 63 $99.6 $112.2

From 1 to 3 74 $95.5 $104.7

From 3 to 5 57 $101.2 $113.1

More than 5 11 $102.9 $112.9

Average Compensation by Degree

Average Compensation by Supervisory Responsibility

$9

7.0

$8

2.1

$9

6.7

$9

3.1

$1

04

.2

$1

06

.6

$1

07

.6

$8

9.1

$1

06

.4

$1

00

.9 $1

19

.1

$1

26

.1

$0.0

$20.0

$40.0

$60.0

$80.0

$100.0

$120.0

$140.0

All Respondents HS/Associate Bachelors MA/MS MBA JD

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

$9

7.0

$9

5.2

$9

9.6

$9

5.5

$1

01

.2

$1

02

.9

$1

07

.6

$1

06

.0

$1

12

.2

$1

04

.7

$1

13

.1

$1

12

.9

$0.0

$20.0

$40.0

$60.0

$80.0

$100.0

$120.0

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

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

© 2011 Risk and Insurance Management Society, Inc. (RIMS) IV- 20 US Data

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2011 Risk Management Compensation Survey

Manager - Insurance Management

Industry

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 384 $97.0 $107.6

Business/Info

Services/Consulting/Legal/Accounting5 $98.8 $103.4

Chemical/Pharmaceutical/Biotechnology 15 $117.3 $135.6

Construction/Engineering/Architectural 12 $107.5 $116.9

Education 12 $71.1 $72.4

Energy 17 $105.7 $126.7

Entertainment & Media 11 $97.7 $108.8

Finance/Banking 19 $88.2 $99.6

Government 42 $82.1 $82.5

Healthcare 15 $99.6 $108.5

Hospitality 9 $89.4 $95.1

Insurance 16 $88.8 $94.8

Mfg - Durable (includes Aerospace,

Computer/Office Equipment, Electronics)47 $107.0 $122.6

Mfg - Nondurable (includes Food, Paper & Allied

Products)22 $100.8 $114.7

Mining/Milling/Smelting 6 $117.7 $142.6

Not-for-Profit 25 $93.5 $99.1

Real Estate 16 $82.9 $94.8

Retail 26 $95.5 $107.0

Service 5 $92.3 $107.6

Telecommunications 14 $100.4 $112.7

Transportation 14 $81.7 $88.6

Utilities 26 $103.5 $112.2

Wholesale Distribution 8 $99.5 $108.2

Other 19 $96.0 $101.0

Average Compensation by Industry

$97.0

$98.8

$117.3

$107.5

$71.1

$105.7

$97.7

$88.2

$82.1

$99.6

$89.4

$88.8

$107.0

$100.8

$117.7

$93.5

$82.9

$95.5

$92.3

$100.4

$81.7

$103.5

$99.5

$96.0

$107.6

$103.4

$135.6

$116.9

$72.4

$126.7

$108.8

$99.6

$82.5

$108.5

$95.1

$94.8

$122.6

$114.7

$142.6

$99.1

$94.8

$107.0

$107.6

$112.7

$88.6

$112.2

$108.2

$101.0

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

All Respondents

Business/Info Services/Consulting/Legal/Accounting

Chemical/Pharmaceutical/Biotechnology

Construction/Engineering/Architectural

Education

Energy

Entertainment & Media

Finance/Banking

Government

Healthcare

Hospitality

Insurance

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

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

Mining/Milling/Smelting

Not-for-Profit

Real Estate

Retail

Service

Telecommunications

Transportation

Utilities

Wholesale Distribution

Other

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

© 2011 Risk and Insurance Management Society, Inc. (RIMS) IV- 21 US Data

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2011 Risk Management Compensation Survey

Manager - Insurance Management

Regions (defined in Section I - 15)

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 384 $97.0 $107.6

North East Region North East 66 $105.6 $120.5

Mid Atlantic Region Mid Atlantic 47 $95.1 $107.3

South East Region South East 52 $89.1 $97.9

Mississippi Valley 84 $95.7 $106.2

Mountain Region Mountain 66 $96.8 $107.5

Western Region Western 69 $97.6 $104.7

Average Compensation by Region

$9

7.0

$1

05

.6

$9

5.1

$8

9.1

$9

5.7

$9

6.8

$9

7.6

$1

07

.6 $1

20

.5

$1

07

.3

$9

7.9

$1

06

.2

$1

07

.5

$1

04

.7

$0.0

$20.0

$40.0

$60.0

$80.0

$100.0

$120.0

$140.0

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

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

© 2011 Risk and Insurance Management Society, Inc. (RIMS) IV- 22 US Data

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2011 Risk Management Compensation Survey

Employee Benefits/Workers Compensation Claims Manager

Ownership Type

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 39 $83.6 $88.5

Publicly Traded 15 $86.7 $94.3

Private 10 $83.1 $88.7

Government 6 $72.9 $72.9

Not-for-Profit 7 $88.4 $90.5

Revenue

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 39 $83.6 $88.5

Less than $100

Million6 $92.1 $97.5

$100 - $250 Million$100 - $250

Million2 -- --

$250 - $500 Million$250 - $500

Million2 -- --

$500 Million - $1 Billion 4 -- --

$1 - $5 Billion$1 - $5

Billion9 $95.3 $103.8

$5 - $10 Billion$5 - $10

Billion0 -- --

Greater than

$10 Billion4 -- --

Average Compensation by Ownership Type

Average Compensation by Revenue

$8

3.6

$8

6.7

$8

3.1

$7

2.9

$8

8.4

$8

8.5

$9

4.3

$8

8.7

$7

2.9

$9

0.5

$0.0

$10.0

$20.0

$30.0

$40.0

$50.0

$60.0

$70.0

$80.0

$90.0

$100.0

All Respondents Publicly Traded Private Government Not-for-Profit

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

$8

3.6

$9

2.1

$0

.0

$0

.0

$0

.0

$9

5.3

$0

.0

$0

.0

$8

8.5

$9

7.5

$0

.0

$0

.0

$0

.0

$1

03

.8

$0

.0

$0

.0

$0.0

$20.0

$40.0

$60.0

$80.0

$100.0

$120.0

All Respondents Less than $100Million

$100 - $250Million

$250 - $500Million

$500 Million - $1Billion

$1 - $5Billion

$5 - $10Billion

Greater than$10 Billion

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

© 2011 Risk and Insurance Management Society, Inc. (RIMS) IV- 23 US Data

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2011 Risk Management Compensation Survey

Employee Benefits/Workers Compensation Claims Manager

Degree

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 39 $83.6 $88.5

HS/Associate 9 $76.3 $78.5

Bachelors 21 $87.9 $94.2

MA/MS 4 -- --

MBA 0 -- --

JD 1 -- --

Supervisory Responsibility

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 39 $83.6 $88.5

No 12 $83.7 $87.9

1 or Fewer 7 $88.5 $95.1

From 1 to 3 8 $78.8 $81.4

From 3 to 5 7 $74.9 $77.3

More than 5 4 -- --

Average Compensation by Degree

Average Compensation by Supervisory Responsibility

$8

3.6

$7

6.3

$8

7.9

$0

.0

$0

.0

$0

.0

$8

8.5

$7

8.5

$9

4.2

$0

.0

$0

.0

$0

.0

$0.0

$10.0

$20.0

$30.0

$40.0

$50.0

$60.0

$70.0

$80.0

$90.0

$100.0

All Respondents HS/Associate Bachelors MA/MS MBA JD

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

$8

3.6

$8

3.7

$8

8.5

$7

8.8

$7

4.9

$0

.0

$8

8.5

$8

7.9

$9

5.1

$8

1.4

$7

7.3

$0

.0

$0.0

$10.0

$20.0

$30.0

$40.0

$50.0

$60.0

$70.0

$80.0

$90.0

$100.0

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

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

© 2011 Risk and Insurance Management Society, Inc. (RIMS) IV- 24 US Data

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2011 Risk Management Compensation Survey

Employee Benefits/Workers Compensation Claims Manager

Industry

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 39 $83.6 $88.5

Government 6 $72.9 $72.9

Healthcare 5 $95.0 $98.0

Mfg - Durable (includes Aerospace,

Computer/Office Equipment, Electronics)7 $91.3 $101.4

Not-for-Profit 7 $88.4 $90.5

Retail 5 $75.4 $79.9

Regions (defined in Section I - 15)

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 39 $83.6 $88.5

North East Region North East 3 -- --

Mid Atlantic Region Mid Atlantic 5 $83.6 $87.1

South East Region South East 10 $78.7 $82.3

Mississippi Valley 7 $81.9 $86.8

Mountain Region Mountain 5 $80.9 $82.6

Western Region Western 9 $91.2 $98.2

Average Compensation by Region

Average Compensation by Industry

$83.6

$72.9

$95.0

$91.3

$88.4

$75.4

$88.5

$72.9

$98.0

$101.4

$90.5

$79.9

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

All Respondents

Government

Healthcare

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

Not-for-Profit

Retail

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

$8

3.6

$0

.0

$8

3.6

$7

8.7

$8

1.9

$8

0.9

$9

1.2

$8

8.5

$0

.0

$8

7.1

$8

2.3

$8

6.8

$8

2.6

$9

8.2

$0.0

$20.0

$40.0

$60.0

$80.0

$100.0

$120.0

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

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

© 2011 Risk and Insurance Management Society, Inc. (RIMS) IV- 25 US Data

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© 2011 Risk and Insurance Management Society, Inc. (RIMS) IV- 26

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2011 Risk Management Compensation Survey

Claims Manager

Ownership Type

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 116 $83.4 $90.5

Publicly Traded 49 $90.5 $101.2

Private 37 $76.0 $83.0

Government 14 $78.8 $78.8

Not-for-Profit 10 $85.5 $86.5

Revenue

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 116 $83.4 $90.5

Less than $100

Million10 $74.7 $85.9

$100 - $250 Million$100 - $250

Million6 $73.9 $79.4

$250 - $500 Million$250 - $500

Million3 -- --

$500 Million - $1 Billion 12 $90.1 $96.4

$1 - $5 Billion$1 - $5

Billion19 $82.8 $90.8

$5 - $10 Billion$5 - $10

Billion10 $94.1 $108.1

Greater than

$10 Billion19 $100.7 $112.7

Average Compensation by Ownership Type

Average Compensation by Revenue

$8

3.4

$9

0.5

$7

6.0

$7

8.8

$8

5.5

$9

0.5

$1

01

.2

$8

3.0

$7

8.8

$8

6.5

$0.0

$20.0

$40.0

$60.0

$80.0

$100.0

$120.0

All Respondents Publicly Traded Private Government Not-for-Profit

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

$8

3.4

$7

4.7

$7

3.9

$0

.0

$9

0.1

$8

2.8

$9

4.1

$1

00

.7

$9

0.5

$8

5.9

$7

9.4

$0

.0

$9

6.4

$9

0.8

$1

08

.1

$1

12

.7

$0.0

$20.0

$40.0

$60.0

$80.0

$100.0

$120.0

All Respondents Less than $100Million

$100 - $250Million

$250 - $500Million

$500 Million - $1Billion

$1 - $5Billion

$5 - $10Billion

Greater than$10 Billion

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

© 2011 Risk and Insurance Management Society, Inc. (RIMS) IV- 27 US Data

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2011 Risk Management Compensation Survey

Claims Manager

Degree

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 116 $83.4 $90.5

HS/Associate 17 $69.0 $72.1

Bachelors 72 $83.7 $90.8

MA/MS 2 -- --

MBA 12 $83.6 $95.2

JD 6 $104.9 $114.3

Supervisory Responsibility

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 116 $83.4 $90.5

No 59 $80.7 $87.0

1 or Fewer 19 $78.1 $83.9

From 1 to 3 11 $89.8 $102.4

From 3 to 5 19 $85.4 $94.6

More than 5 13 $91.7 $99.4

Average Compensation by Degree

Average Compensation by Supervisory Responsibility

$8

3.4

$6

9.0

$8

3.7

$0

.0

$8

3.6

$1

04

.9

$9

0.5

$7

2.1

$9

0.8

$0

.0

$9

5.2

$1

14

.3

$0.0

$20.0

$40.0

$60.0

$80.0

$100.0

$120.0

All Respondents HS/Associate Bachelors MA/MS MBA JD

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

$8

3.4

$8

0.7

$7

8.1

$8

9.8

$8

5.4

$9

1.7

$9

0.5

$8

7.0

$8

3.9

$1

02

.4

$9

4.6

$9

9.4

$0.0

$20.0

$40.0

$60.0

$80.0

$100.0

$120.0

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

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

© 2011 Risk and Insurance Management Society, Inc. (RIMS) IV- 28 US Data

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2011 Risk Management Compensation Survey

Claims Manager

Industry

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 116 $83.4 $90.5

Energy 7 $91.9 $100.7

Government 14 $78.8 $78.8

Healthcare 9 $92.2 $95.9

Mfg - Durable (includes Aerospace,

Computer/Office Equipment, Electronics)8 $95.3 $107.5

Not-for-Profit 10 $85.5 $86.5

Real Estate 9 $68.4 $75.4

Retail 10 $85.1 $96.0

Service 6 $81.5 $85.2

Transportation 11 $91.2 $105.4

Utilities 5 $82.4 $88.9

Other 6 $78.9 $83.9

Average Compensation by Industry

$83.4

$91.9

$78.8

$92.2

$95.3

$85.5

$68.4

$85.1

$81.5

$91.2

$82.4

$78.9

$90.5

$100.7

$78.8

$95.9

$107.5

$86.5

$75.4

$96.0

$85.2

$105.4

$88.9

$83.9

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

All Respondents

Energy

Government

Healthcare

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

Not-for-Profit

Real Estate

Retail

Service

Transportation

Utilities

Other

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

© 2011 Risk and Insurance Management Society, Inc. (RIMS) IV- 29 US Data

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2011 Risk Management Compensation Survey

Claims Manager

Regions (defined in Section I - 15)

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 116 $83.4 $90.5

North East Region North East 7 $89.1 $97.7

Mid Atlantic Region Mid Atlantic 17 $85.8 $92.1

South East Region South East 14 $76.4 $83.7

Mississippi Valley 28 $85.0 $92.1

Mountain Region Mountain 33 $80.1 $88.0

Western Region Western 17 $88.5 $93.8

Average Compensation by Region

$8

3.4

$8

9.1

$8

5.8

$7

6.4

$8

5.0

$8

0.1

$8

8.5

$9

0.5

$9

7.7

$9

2.1

$8

3.7

$9

2.1

$8

8.0

$9

3.8

$0.0

$20.0

$40.0

$60.0

$80.0

$100.0

$120.0

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

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

© 2011 Risk and Insurance Management Society, Inc. (RIMS) IV- 30 US Data

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2011 Risk Management Compensation Survey

Environmental, Health or Safety Manager

Ownership Type

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 29 $91.6 $96.5

Publicly Traded 9 $110.5 $120.8

Private 11 $85.5 $88.1

Government 6 $71.2 $71.2

Not-for-Profit 2 -- --

Revenue

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 29 $91.6 $96.5

Less than $100

Million5 $72.1 $72.1

$100 - $250 Million$100 - $250

Million1 -- --

$250 - $500 Million$250 - $500

Million1 -- --

$500 Million - $1 Billion 7 $90.3 $92.9

$1 - $5 Billion$1 - $5

Billion5 $98.6 $107.5

$5 - $10 Billion$5 - $10

Billion4 -- --

Greater than

$10 Billion3 -- --

Average Compensation by Ownership Type

Average Compensation by Revenue

$9

1.6

$1

10

.5

$8

5.5

$7

1.2

$0

.0

$9

6.5

$1

20

.8

$8

8.1

$7

1.2

$0

.0

$0.0

$20.0

$40.0

$60.0

$80.0

$100.0

$120.0

$140.0

All Respondents Publicly Traded Private Government Not-for-Profit

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

$9

1.6

$7

2.1

$0

.0

$0

.0

$9

0.3

$9

8.6

$0

.0

$0

.0

$9

6.5

$7

2.1

$0

.0

$0

.0

$9

2.9

$1

07

.5

$0

.0

$0

.0

$0.0

$20.0

$40.0

$60.0

$80.0

$100.0

$120.0

All Respondents Less than $100Million

$100 - $250Million

$250 - $500Million

$500 Million - $1Billion

$1 - $5Billion

$5 - $10Billion

Greater than$10 Billion

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

© 2011 Risk and Insurance Management Society, Inc. (RIMS) IV- 31 US Data

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2011 Risk Management Compensation Survey

Environmental, Health or Safety Manager

Degree

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 29 $91.6 $96.5

HS/Associate 3 -- --

Bachelors 15 $96.8 $102.7

MA/MS 6 $75.3 $76.0

MBA 5 $100.4 $107.6

JD 0 -- --

Supervisory Responsibility

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 29 $91.6 $96.5

No 8 $70.7 $72.2

1 or Fewer 7 $79.1 $85.6

From 1 to 3 4 -- --

From 3 to 5 6 $93.3 $97.5

More than 5 6 $115.1 $122.2

Average Compensation by Degree

Average Compensation by Supervisory Responsibility

$9

1.6

$0

.0

$9

6.8

$7

5.3

$1

00

.4

$0

.0

$9

6.5

$0

.0

$1

02

.7

$7

6.0

$1

07

.6

$0

.0

$0.0

$20.0

$40.0

$60.0

$80.0

$100.0

$120.0

All Respondents HS/Associate Bachelors MA/MS MBA JD

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

$9

1.6

$7

0.7

$7

9.1

$0

.0

$9

3.3

$1

15

.1

$9

6.5

$7

2.2

$8

5.6

$0

.0

$9

7.5

$1

22

.2

$0.0

$20.0

$40.0

$60.0

$80.0

$100.0

$120.0

$140.0

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

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

© 2011 Risk and Insurance Management Society, Inc. (RIMS) IV- 32 US Data

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2011 Risk Management Compensation Survey

Environmental, Health or Safety Manager

Industry

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 29 $91.6 $96.5

Government 6 $71.2 $71.2

Regions (defined in Section I - 15)

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 29 $91.6 $96.5

North East Region North East 1 -- --

Mid Atlantic Region Mid Atlantic 3 -- --

South East Region South East 7 $85.9 $89.0

Mississippi Valley 5 $81.8 $86.1

Mountain Region Mountain 6 $84.3 $90.0

Western Region Western 7 $110.1 $117.8

Average Compensation by Region

Average Compensation by Industry

$91.6

$71.2

$96.5

$71.2

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

All Respondents

Government

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

$9

1.6

$0

.0

$0

.0

$8

5.9

$8

1.8

$8

4.3

$1

10

.1

$9

6.5

$0

.0

$0

.0

$8

9.0

$8

6.1

$9

0.0

$1

17

.8

$0.0

$20.0

$40.0

$60.0

$80.0

$100.0

$120.0

$140.0

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

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

© 2011 Risk and Insurance Management Society, Inc. (RIMS) IV- 33 US Data

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2011 Risk Management Compensation Survey

Risk Management Analyst (Enterprise-Wide)

Ownership Type

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 81 $71.6 $75.0

Publicly Traded 36 $66.8 $71.5

Private 21 $74.6 $78.3

Government 10 $80.5 $80.8

Not-for-Profit 12 $71.7 $72.2

Revenue

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 81 $71.6 $75.0

Less than $100

Million4 -- --

$100 - $250 Million$100 - $250

Million5 $74.5 $76.1

$250 - $500 Million$250 - $500

Million5 $67.2 $68.5

$500 Million - $1 Billion 5 $63.8 $67.2

$1 - $5 Billion$1 - $5

Billion19 $73.0 $76.2

$5 - $10 Billion$5 - $10

Billion11 $72.0 $76.2

Greater than

$10 Billion13 $78.4 $85.4

Average Compensation by Ownership Type

Average Compensation by Revenue

$7

1.6

$6

6.8

$7

4.6

$8

0.5

$7

1.7

$7

5.0

$7

1.5

$7

8.3

$8

0.8

$7

2.2

$0.0

$10.0

$20.0

$30.0

$40.0

$50.0

$60.0

$70.0

$80.0

$90.0

All Respondents Publicly Traded Private Government Not-for-Profit

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

$7

1.6

$0

.0

$7

4.5

$6

7.2

$6

3.8

$7

3.0

$7

2.0

$7

8.4

$7

5.0

$0

.0

$7

6.1

$6

8.5

$6

7.2

$7

6.2

$7

6.2

$8

5.4

$0.0

$10.0

$20.0

$30.0

$40.0

$50.0

$60.0

$70.0

$80.0

$90.0

All Respondents Less than $100Million

$100 - $250Million

$250 - $500Million

$500 Million - $1Billion

$1 - $5Billion

$5 - $10Billion

Greater than$10 Billion

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

© 2011 Risk and Insurance Management Society, Inc. (RIMS) IV- 35 US Data

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2011 Risk Management Compensation Survey

Risk Management Analyst (Enterprise-Wide)

Degree

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 81 $71.6 $75.0

HS/Associate 9 $65.3 $66.9

Bachelors 50 $69.7 $73.0

MA/MS 5 $84.4 $87.9

MBA 13 $79.7 $84.6

JD 2 -- --

Supervisory Responsibility

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 81 $71.6 $75.0

No 66 $69.9 $73.8

1 or Fewer 7 $75.3 $77.1

From 1 to 3 6 $82.6 $82.7

From 3 to 5 13 $77.7 $82.0

More than 5 0 -- --

Average Compensation by Degree

Average Compensation by Supervisory Responsibility

$7

1.6

$6

5.3

$6

9.7

$8

4.4

$7

9.7

$0

.0

$7

5.0

$6

6.9

$7

3.0

$8

7.9

$8

4.6

$0

.0

$0.0

$10.0

$20.0

$30.0

$40.0

$50.0

$60.0

$70.0

$80.0

$90.0

$100.0

All Respondents HS/Associate Bachelors MA/MS MBA JD

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

$7

1.6

$6

9.9

$7

5.3

$8

2.6

$7

7.7

$0

.0

$7

5.0

$7

3.8

$7

7.1

$8

2.7

$8

2.0

$0

.0

$0.0

$10.0

$20.0

$30.0

$40.0

$50.0

$60.0

$70.0

$80.0

$90.0

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

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

© 2011 Risk and Insurance Management Society, Inc. (RIMS) IV- 36 US Data

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2011 Risk Management Compensation Survey

Risk Management Analyst (Enterprise-Wide)

Industry

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 81 $71.6 $75.0

Education 8 $71.9 $73.6

Energy 9 $77.1 $84.5

Government 10 $80.5 $80.8

Insurance 6 $80.4 $85.5

Mfg - Durable (includes Aerospace,

Computer/Office Equipment, Electronics)6 $69.2 $73.5

Not-for-Profit 12 $71.7 $72.2

Regions (defined in Section I - 15)

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 81 $71.6 $75.0

North East Region North East 3 -- --

Mid Atlantic Region Mid Atlantic 16 $74.2 $77.5

South East Region South East 4 -- --

Mississippi Valley 21 $67.5 $70.9

Mountain Region Mountain 17 $67.0 $71.5

Western Region Western 20 $75.9 $78.2

Average Compensation by Region

Average Compensation by Industry

$71.6

$71.9

$77.1

$80.5

$80.4

$69.2

$71.7

$75.0

$73.6

$84.5

$80.8

$85.5

$73.5

$72.2

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

All Respondents

Education

Energy

Government

Insurance

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

Not-for-Profit

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

$7

1.6

$0

.0

$7

4.2

$0

.0

$6

7.5

$6

7.0

$7

5.9

$7

5.0

$0

.0

$7

7.5

$0

.0

$7

0.9

$7

1.5

$7

8.2

$0.0

$10.0

$20.0

$30.0

$40.0

$50.0

$60.0

$70.0

$80.0

$90.0

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

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

© 2011 Risk and Insurance Management Society, Inc. (RIMS) IV- 37 US Data

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2011 Risk Management Compensation Survey

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2011 Risk Management Compensation Survey

Risk Management Analyst

Ownership Type

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 175 $66.4 $69.8

Publicly Traded 93 $67.5 $71.1

Private 49 $66.4 $71.4

Government 10 $66.2 $66.2

Not-for-Profit 17 $59.1 $60.0

Revenue

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 175 $66.4 $69.8

Less than $100

Million13 $64.6 $67.0

$100 - $250 Million$100 - $250

Million3 -- --

$250 - $500 Million$250 - $500

Million6 $71.0 $74.9

$500 Million - $1 Billion 17 $63.6 $67.5

$1 - $5 Billion$1 - $5

Billion54 $66.8 $69.5

$5 - $10 Billion$5 - $10

Billion25 $70.4 $76.3

Greater than

$10 Billion29 $72.9 $78.2

Average Compensation by Ownership Type

Average Compensation by Revenue

$6

6.4

$6

7.5

$6

6.4

$6

6.2

$5

9.1

$6

9.8

$7

1.1

$7

1.4

$6

6.2

$6

0.0

$0.0

$10.0

$20.0

$30.0

$40.0

$50.0

$60.0

$70.0

$80.0

All Respondents Publicly Traded Private Government Not-for-Profit

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

$6

6.4

$6

4.6

$0

.0

$7

1.0

$6

3.6

$6

6.8

$7

0.4

$7

2.9

$6

9.8

$6

7.0

$0

.0

$7

4.9

$6

7.5

$6

9.5

$7

6.3

$7

8.2

$0.0

$10.0

$20.0

$30.0

$40.0

$50.0

$60.0

$70.0

$80.0

$90.0

All Respondents Less than $100Million

$100 - $250Million

$250 - $500Million

$500 Million - $1Billion

$1 - $5Billion

$5 - $10Billion

Greater than$10 Billion

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

© 2011 Risk and Insurance Management Society, Inc. (RIMS) IV- 39 US Data

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2011 Risk Management Compensation Survey

Risk Management Analyst

Degree

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 175 $66.4 $69.8

HS/Associate 22 $64.3 $66.4

Bachelors 107 $65.2 $69.0

MA/MS 12 $69.6 $71.8

MBA 24 $72.1 $76.1

JD 1 -- --

Supervisory Responsibility

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 175 $66.4 $69.8

No 158 $65.9 $69.5

1 or Fewer 8 $66.5 $67.2

From 1 to 3 8 $75.9 $79.0

From 3 to 5 34 $66.3 $69.7

More than 5 0 -- --

Average Compensation by Degree

Average Compensation by Supervisory Responsibility

$6

6.4

$6

4.3

$6

5.2

$6

9.6

$7

2.1

$0

.0

$6

9.8

$6

6.4

$6

9.0

$7

1.8

$7

6.1

$0

.0

$0.0

$10.0

$20.0

$30.0

$40.0

$50.0

$60.0

$70.0

$80.0

All Respondents HS/Associate Bachelors MA/MS MBA JD

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

$6

6.4

$6

5.9

$6

6.5

$7

5.9

$6

6.3

$0

.0

$6

9.8

$6

9.5

$6

7.2

$7

9.0

$6

9.7

$0

.0

$0.0

$10.0

$20.0

$30.0

$40.0

$50.0

$60.0

$70.0

$80.0

$90.0

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

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

© 2011 Risk and Insurance Management Society, Inc. (RIMS) IV- 40 US Data

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2011 Risk Management Compensation Survey

Risk Management Analyst

Industry

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 175 $66.4 $69.8

Chemical/Pharmaceutical/Biotechnology 11 $89.1 $97.4

Construction/Engineering/Architectural 8 $66.2 $69.2

Education 6 $60.2 $60.6

Energy 9 $66.7 $73.7

Finance/Banking 8 $63.7 $68.6

Government 10 $66.2 $66.2

Healthcare 7 $60.4 $62.3

Insurance 14 $61.4 $64.2

Mfg - Durable (includes Aerospace,

Computer/Office Equipment, Electronics)17 $64.4 $67.1

Mfg - Nondurable (includes Food, Paper & Allied

Products)8 $62.3 $62.6

Not-for-Profit 17 $59.1 $60.0

Real Estate 5 $65.4 $71.7

Retail 8 $71.2 $72.5

Transportation 8 $64.2 $67.2

Utilities 16 $67.0 $70.3

Other 6 $72.0 $72.8

Average Compensation by Industry

$66.4

$89.1

$66.2

$60.2

$66.7

$63.7

$66.2

$60.4

$61.4

$64.4

$62.3

$59.1

$65.4

$71.2

$64.2

$67.0

$72.0

$69.8

$97.4

$69.2

$60.6

$73.7

$68.6

$66.2

$62.3

$64.2

$67.1

$62.6

$60.0

$71.7

$72.5

$67.2

$70.3

$72.8

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

All Respondents

Chemical/Pharmaceutical/Biotechnology

Construction/Engineering/Architectural

Education

Energy

Finance/Banking

Government

Healthcare

Insurance

Mfg - Durable (includes Aerospace, Computer/Office Equipment,Electronics)

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

Not-for-Profit

Real Estate

Retail

Transportation

Utilities

Other

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

© 2011 Risk and Insurance Management Society, Inc. (RIMS) IV- 41 US Data

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2011 Risk Management Compensation Survey

Risk Management Analyst

Regions (defined in Section I - 15)

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 175 $66.4 $69.8

North East Region North East 22 $70.0 $73.5

Mid Atlantic Region Mid Atlantic 25 $64.0 $66.2

South East Region South East 20 $59.3 $61.2

Mississippi Valley 48 $63.6 $65.6

Mountain Region Mountain 28 $69.9 $76.9

Western Region Western 32 $71.6 $75.9

Average Compensation by Region

$6

6.4

$7

0.0

$6

4.0

$5

9.3

$6

3.6

$6

9.9

$7

1.6

$6

9.8

$7

3.5

$6

6.2

$6

1.2

$6

5.6

$7

6.9

$7

5.9

$0.0

$10.0

$20.0

$30.0

$40.0

$50.0

$60.0

$70.0

$80.0

$90.0

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

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

© 2011 Risk and Insurance Management Society, Inc. (RIMS) IV- 42 US Data

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2011 Risk Management Compensation Survey

Claims Analyst

Ownership Type

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 23 $55.3 $56.4

Publicly Traded 12 $56.6 $58.0

Private 3 -- --

Government 3 -- --

Not-for-Profit 5 $53.5 $53.5

Average Compensation by Ownership Type

Average Compensation by Revenue

No Breakdowns Available - Insufficient Sample Size

$5

5.3

$5

6.6

$0

.0

$0

.0

$5

3.5

$5

6.4

$5

8.0

$0

.0

$0

.0

$5

3.5

$0.0

$10.0

$20.0

$30.0

$40.0

$50.0

$60.0

$70.0

All Respondents Publicly Traded Private Government Not-for-Profit

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

© 2011 Risk and Insurance Management Society, Inc. (RIMS) IV- 43 US Data

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2011 Risk Management Compensation Survey

Claims Analyst

Degree

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 23 $55.3 $56.4

HS/Associate 9 $48.9 $49.5

Bachelors 11 $58.3 $59.7

MA/MS 1 -- --

MBA 0 -- --

JD 1 -- --

Supervisory Responsibility

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 23 $55.3 $56.4

No 21 $55.2 $56.3

1 or Fewer 1 -- --

From 1 to 3 0 -- --

From 3 to 5 4 -- --

More than 5 0 -- --

Average Compensation by Degree

Average Compensation by Supervisory Responsibility

$5

5.3

$4

8.9

$5

8.3

$0

.0

$0

.0

$0

.0

$5

6.4

$4

9.5

$5

9.7

$0

.0

$0

.0

$0

.0

$0.0

$10.0

$20.0

$30.0

$40.0

$50.0

$60.0

$70.0

All Respondents HS/Associate Bachelors MA/MS MBA JD

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

$5

5.3

$5

5.2

$0

.0

$0

.0

$0

.0

$0

.0

$5

6.4

$5

6.3

$0

.0

$0

.0

$0

.0

$0

.0

$0.0

$10.0

$20.0

$30.0

$40.0

$50.0

$60.0

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

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

© 2011 Risk and Insurance Management Society, Inc. (RIMS) IV- 44 US Data

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2011 Risk Management Compensation Survey

Claims Analyst

Industry

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 23 $55.3 $56.4

Not-for-Profit 5 $53.5 $53.5

Regions (defined in Section I - 15)

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 23 $55.3 $56.4

North East Region North East 2 -- --

Mid Atlantic Region Mid Atlantic 5 $61.1 $62.6

South East Region South East 2 -- --

Mississippi Valley 5 $58.0 $59.5

Mountain Region Mountain 5 $48.8 $49.9

Western Region Western 4 -- --

Average Compensation by Region

Average Compensation by Industry

$55.3

$53.5

$56.4

$53.5

$52.0 $52.5 $53.0 $53.5 $54.0 $54.5 $55.0 $55.5 $56.0 $56.5 $57.0

All Respondents

Not-for-Profit

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

$5

5.3

$0

.0

$6

1.1

$0

.0

$5

8.0

$4

8.8

$0

.0

$5

6.4

$0

.0

$6

2.6

$0

.0

$5

9.5

$4

9.9

$0

.0

$0.0

$10.0

$20.0

$30.0

$40.0

$50.0

$60.0

$70.0

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

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

© 2011 Risk and Insurance Management Society, Inc. (RIMS) IV- 45 US Data

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2011 Risk Management Compensation Survey

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2011 Risk Management Compensation Survey

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

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

Scope

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

All Respondents 231 $183.8 $147.0 $175.0 $210.0 190 $63.9 $27.0 $50.0 $78.0 136 34.5% 30.0% 231 $236.3 $175.0 $210.0 $275.0 19.1 20.0

Ownership Type

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Publicly Traded 95 $202.0 $169.0 $190.0 $230.0 90 $78.4 $34.0 $63.5 $100.0 73 38.0% 30.0% 95 $276.3 $203.0 $245.0 $340.0 20.3 20.0

Private 92 $166.5 $132.5 $157.5 $190.5 78 $53.2 $25.0 $42.3 $60.0 49 33.4% 30.0% 92 $211.6 $153.0 $189.0 $249.0 18.5 18.5

Government 12 $139.4 $104.5 $122.0 $166.0 3 -- -- -- -- 3 -- -- 12 $149.2 $104.5 $128.5 $166.0 15.2 18.5

Not-for-Profit 23 $196.0 $160.0 $190.0 $225.0 14 $36.1 $16.0 $30.0 $60.0 9 16.8% 15.0% 23 $218.0 $183.9 $200.0 $242.0 19.5 21.0

Revenue

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Less than $100 Million 24 $148.7 $104.5 $142.5 $182.5 14 $40.2 $10.0 $12.9 $50.0 5 17.8% 10.0% 24 $172.2 $109.0 $153.5 $196.0 13.9 13.5

$100 - $250 Million 20 $150.8 $112.0 $149.0 $180.5 12 $24.4 $8.8 $24.8 $37.0 8 20.6% 20.0% 20 $165.4 $121.0 $153.6 $215.0 17.4 16.0

$250 - $500 Million 25 $166.6 $113.0 $158.0 $180.0 20 $33.2 $12.5 $34.4 $50.0 13 26.2% 25.0% 25 $193.2 $140.0 $190.0 $225.0 14.6 13.0

$500 Million - $1 Billion 35 $174.8 $142.5 $169.0 $190.0 32 $56.7 $27.0 $42.3 $67.5 23 34.0% 30.0% 35 $226.6 $175.0 $205.0 $256.0 23.2 22.0

$1 - $5 Billion 75 $188.4 $155.0 $175.0 $220.0 67 $64.1 $30.0 $50.0 $75.0 45 34.5% 30.0% 75 $245.7 $184.0 $215.0 $283.0 20.0 20.0

$5 - $10 Billion 23 $221.6 $187.0 $205.0 $249.0 20 $101.2 $50.0 $94.0 $139.0 19 37.6% 30.0% 23 $309.6 $235.0 $270.0 $425.0 21.6 25.0

Greater than $10 Billion 28 $221.1 $181.5 $217.5 $247.5 24 $103.1 $66.0 $84.5 $115.0 23 45.4% 40.0% 28 $309.5 $232.5 $292.5 $340.0 18.9 20.0

Degree

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

High School/Associate Degree 12 $153.4 $119.0 $145.0 $185.5 8 $34.0 -- $39.4 -- 6 23.3% 25.0% 12 $176.0 $140.0 $168.8 $224.0 20.9 21.0

Bachelors 98 $177.4 $135.0 $173.0 $200.0 81 $58.8 $20.0 $45.0 $75.0 54 34.8% 30.0% 98 $226.0 $163.1 $204.0 $250.6 20.1 20.0

MA/MS 28 $177.8 $151.5 $172.5 $200.0 20 $50.2 $32.0 $44.0 $62.5 13 26.3% 20.0% 28 $213.7 $177.5 $195.0 $245.5 20.3 21.0

MBA 57 $189.3 $160.0 $187.0 $215.0 49 $75.1 $42.0 $60.0 $100.0 40 39.3% 35.0% 57 $253.9 $200.0 $240.0 $300.0 18.0 19.0

JD 24 $231.4 $167.2 $217.5 $265.0 22 $90.6 $33.8 $65.0 $153.0 16 37.6% 32.5% 24 $314.4 $201.6 $270.0 $449.5 15.7 13.5

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

Supervisory Responsibility

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

No 8 $117.1 -- $120.0 -- 6 $28.9 -- $25.6 -- 3 -- -- 8 $138.7 -- $137.5 -- 22.8 27.5

1 or Fewer 20 $171.4 $137.4 $157.5 $197.5 17 $46.0 $19.5 $35.0 $51.0 12 26.1% 27.5% 20 $210.5 $153.6 $201.5 $237.5 18.2 16.0

From 1 to 3 44 $176.9 $154.5 $173.2 $190.0 37 $55.1 $30.0 $50.0 $75.0 26 34.6% 30.0% 44 $223.3 $176.3 $209.1 $272.5 18.9 19.0

From 3 to 5 42 $175.0 $135.0 $168.0 $187.0 34 $57.0 $15.0 $42.8 $75.0 21 35.7% 30.0% 42 $221.1 $153.0 $194.5 $256.0 19.9 20.0

More than 5 65 $202.4 $153.0 $185.0 $240.0 51 $83.8 $39.0 $66.0 $110.0 37 41.1% 35.0% 65 $268.1 $187.0 $240.0 $325.0 18.0 18.0

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

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

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

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

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

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

ability to drive performance from all areas within the organization.

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

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

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

© 2011 Risk and Insurance Management Society, Inc. (RIMS) V - 1 US Data

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2011 Risk Management Compensation Survey

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

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

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

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

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

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

ability to drive performance from all areas within the organization.

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

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

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

Scope

Industry

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Business/Info

Services/Consulting/Legal/Accounting9 $195.7 -- $172.0 -- 9 $91.2 -- $50.0 -- 6 34.2% 27.5% 9 $286.9 -- $235.0 -- 18.8 16.0

Construction/Engineering/Architectural 12 $198.1 $150.0 $185.0 $231.2 11 $65.4 $35.0 $50.0 $75.0 5 45.0% 30.0% 12 $258.1 $187.5 $224.9 $286.0 23.0 24.5

Education 5 $166.2 -- $177.0 -- 1 -- -- -- -- 1 -- -- 5 $173.2 -- $190.0 -- 15.2 16.0

Energy 5 $176.4 -- $170.0 -- 4 -- -- -- -- 3 -- -- 5 $240.4 -- $230.0 -- 12.4 11.0

Entertainment & Media 7 $206.3 -- $220.0 -- 6 $65.3 -- $62.5 -- 5 31.0% 30.0% 7 $262.3 -- $276.0 -- 25.9 30.0

Finance/Banking 6 $162.8 -- $170.0 -- 6 $42.4 -- $44.5 -- 4 -- -- 6 $205.2 -- $220.0 -- 12.7 12.5

Government 12 $139.4 $104.5 $122.0 $166.0 3 -- -- -- -- 3 -- -- 12 $149.2 $104.5 $128.5 $166.0 15.2 18.5

Healthcare 31 $177.5 $140.0 $170.0 $220.0 21 $39.7 $12.7 $25.0 $50.6 16 22.5% 20.0% 31 $204.4 $150.0 $185.0 $240.0 19.7 20.0

Hospitality 15 $169.7 $132.0 $169.0 $208.0 13 $50.8 $13.0 $42.0 $85.0 11 36.2% 30.0% 15 $213.7 $140.0 $210.0 $275.0 21.7 24.0

Insurance 14 $234.3 $177.0 $212.5 $235.0 12 $95.6 $25.0 $67.5 $147.5 8 34.4% 35.0% 14 $316.2 $192.0 $295.0 $395.0 17.3 17.5

Mfg - Durable (includes Aerospace,

Computer/Office Equipment, Electronics)10 $191.5 $147.9 $178.5 $240.0 9 $75.8 -- $60.0 -- 8 35.6% 32.5% 10 $259.7 $180.0 $227.5 $340.0 19.7 20.0

Mfg - Nondurable (includes Food, Paper & Allied

Products)11 $178.1 $150.0 $158.0 $200.0 11 $73.9 $30.0 $50.0 $114.0 8 38.8% 37.5% 11 $252.0 $195.0 $215.0 $270.0 22.0 20.0

Not-for-Profit 23 $196.0 $160.0 $190.0 $225.0 14 $36.1 $16.0 $30.0 $60.0 9 16.8% 15.0% 23 $218.0 $183.9 $200.0 $242.0 19.5 21.0

Real Estate 19 $169.4 $135.0 $165.0 $186.0 17 $42.1 $25.0 $35.0 $50.0 7 25.7% 30.0% 19 $207.0 $178.8 $197.0 $230.0 18.9 20.0

Retail 13 $193.3 $163.0 $190.0 $200.0 10 $90.5 $60.0 $75.5 $125.0 11 42.4% 36.0% 13 $262.9 $215.0 $256.0 $283.0 16.2 18.0

Service 14 $164.2 $110.0 $170.0 $200.0 13 $30.0 $7.5 $21.0 $50.0 8 28.8% 30.0% 14 $192.0 $125.0 $185.0 $256.0 19.1 19.0

Transportation 16 $166.5 $132.4 $178.7 $196.0 15 $49.8 $19.5 $33.8 $68.0 6 30.8% 27.5% 16 $213.1 $155.1 $209.1 $250.0 19.5 20.0

Utilities 6 $186.8 -- $182.0 -- 2 -- -- -- -- 2 -- -- 6 $228.5 -- $182.0 -- 13.8 14.5

Other 9 $195.7 -- $175.0 -- 5 $62.1 -- $39.0 -- 2 -- -- 9 $230.2 -- $205.0 -- 17.3 18.0

Regions (defined in Section I - 15)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

North East Region 45 $191.4 $158.0 $175.6 $220.0 40 $65.0 $27.0 $50.0 $77.5 26 31.7% 30.0% 45 $249.2 $187.5 $215.0 $315.0 18.6 19.0

Mid Atlantic Region 29 $184.7 $141.4 $185.0 $240.0 24 $78.8 $23.0 $60.0 $107.0 17 47.1% 35.0% 29 $249.9 $175.0 $225.0 $298.0 19.9 19.0

South East Region 37 $158.9 $125.0 $158.0 $183.0 29 $41.8 $21.0 $37.5 $55.0 23 32.0% 30.0% 37 $191.7 $145.0 $183.0 $230.0 17.4 17.0

Mississippi Valley Region 47 $203.1 $150.0 $185.0 $240.0 38 $79.8 $33.0 $62.5 $94.0 28 34.4% 30.0% 47 $267.6 $185.0 $230.0 $320.0 19.4 20.0

Mountain Region 34 $161.7 $135.0 $163.5 $185.0 30 $48.8 $19.5 $37.0 $75.0 19 36.1% 35.0% 34 $204.7 $146.5 $200.0 $247.0 19.9 21.0

Western Region 39 $193.8 $166.0 $183.9 $215.0 29 $66.8 $32.0 $50.0 $75.3 23 29.6% 30.0% 39 $243.4 $188.0 $230.0 $276.0 19.7 20.0

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

© 2011 Risk and Insurance Management Society, Inc. (RIMS) V - 2 US Data

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2011 Risk Management Compensation Survey

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

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

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

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

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

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

ability to drive performance from all areas within the organization.

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

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

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

Scope

State

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

CA 27 $203.3 $170.0 $190.0 $225.0 20 $76.4 $38.8 $50.5 $85.0 17 30.0% 25.0% 27 $259.9 $197.0 $235.0 $285.0 20.1 20.0

CO 5 $141.3 -- $137.8 -- 4 -- -- -- -- 1 -- -- 5 $158.6 -- $157.3 -- 17.5 15.0

FL 13 $138.8 $109.0 $127.0 $150.0 9 $35.9 -- $35.0 -- 6 28.3% 27.5% 13 $163.6 $109.0 $145.0 $200.0 17.5 15.0

GA 9 $174.3 -- $163.0 -- 7 $52.3 -- $44.0 -- 6 34.2% 30.0% 9 $215.0 -- $180.0 -- 24.4 23.0

IL 12 $240.2 $179.5 $217.5 $277.5 9 $90.8 -- $78.0 -- 9 37.2% 30.0% 12 $308.3 $200.5 $276.0 $418.5 16.9 17.0

MA 8 $149.8 -- $152.5 -- 6 $38.8 -- $37.5 -- 6 24.7% 27.5% 8 $178.8 -- $188.8 -- 14.0 12.0

MD 7 $184.6 -- $200.0 -- 6 $66.4 -- $60.0 -- 4 -- -- 7 $241.5 -- $260.0 -- 19.1 14.0

MN 6 $194.0 -- $172.0 -- 5 $84.2 -- $70.0 -- 6 28.0% 26.5% 6 $264.2 -- $215.5 -- 15.0 16.0

MO 5 $150.5 -- $132.0 -- 4 -- -- -- -- 1 -- -- 5 $189.7 -- $210.0 -- 23.2 25.0

NJ 13 $191.8 $158.0 $174.4 $190.0 12 $53.2 $29.4 $46.5 $55.0 8 28.1% 27.5% 13 $241.0 $190.0 $210.0 $235.0 21.5 25.0

NY 19 $212.8 $160.0 $210.0 $245.0 18 $79.4 $35.0 $65.0 $120.0 11 37.7% 30.0% 19 $288.0 $200.0 $252.0 $340.0 18.6 19.0

OH 10 $203.5 $190.0 $198.0 $205.0 9 $89.8 -- $60.0 -- 6 23.3% 22.5% 10 $284.4 $215.0 $243.0 $268.0 19.6 19.0

PA 9 $169.3 -- $141.4 -- 8 $59.3 -- $47.5 -- 3 -- -- 9 $221.9 -- $200.0 -- 24.4 24.0

TN 10 $172.9 $140.0 $180.0 $185.0 8 $41.2 -- $35.8 -- 8 37.5% 40.0% 10 $205.9 $162.5 $183.0 $250.0 12.5 14.5

TX 21 $168.4 $142.5 $170.0 $185.0 20 $57.7 $20.0 $47.5 $91.5 13 41.9% 40.0% 21 $223.3 $155.0 $210.0 $271.0 22.4 23.0

VA 8 $195.8 -- $193.5 -- 6 $91.1 -- $62.8 -- 6 63.3% 62.5% 8 $264.1 -- $253.5 -- 17.0 14.5

WI 5 $216.6 -- $200.0 -- 4 -- -- -- -- 3 -- -- 5 $277.1 -- $245.0 -- 18.8 20.0

Metro Area

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Atlanta, GA 8 $181.1 -- $169.0 -- 6 $56.0 -- $47.0 -- 5 36.0% 30.0% 8 $223.1 -- $192.5 -- 23.4 22.0

Boston-Worcester-Lawrence, MA-NH-ME-CT 7 $148.3 -- $145.0 -- 5 $41.7 -- $50.0 -- 5 26.6% 30.0% 7 $178.1 -- $190.0 -- 12.4 12.0

Chicago-Gary-Kenosha, IL-IN-WI 10 $238.5 $182.0 $217.5 $275.0 8 $92.8 -- $79.0 -- 8 38.8% 32.5% 10 $312.7 $203.0 $276.0 $442.0 19.1 18.5

Dallas-Fort Worth, TX 12 $163.5 $133.8 $170.0 $187.5 11 $40.8 $12.0 $30.0 $62.0 7 33.6% 35.0% 12 $201.0 $150.8 $200.0 $243.0 24.4 24.0

Denver-Boulder-Greeley, CO 5 $141.3 -- $137.8 -- 4 -- -- -- -- 1 -- -- 5 $158.6 -- $157.3 -- 17.5 15.0

Los Angeles-Riverside-Orange County, CA 19 $207.2 $170.0 $190.0 $226.0 15 $82.7 $42.5 $51.0 $85.0 11 30.5% 25.0% 19 $272.5 $197.0 $235.0 $290.3 20.6 20.0

Memphis, TN-AR-MS 6 $186.7 -- $181.5 -- 5 $34.2 -- $34.0 -- 4 -- -- 6 $215.2 -- $196.0 -- 15.5 18.0

Minneapolis-St. Paul, MN-WI 6 $194.0 -- $172.0 -- 5 $84.2 -- $70.0 -- 6 28.0% 26.5% 6 $264.2 -- $215.5 -- 15.0 16.0

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

NJ-CT-PA30 $208.9 $165.0 $188.5 $245.0 28 $69.0 $34.4 $50.0 $80.0 17 32.6% 30.0% 30 $273.3 $208.0 $226.0 $330.0 20.5 23.0

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

MD7 $157.2 -- $141.4 -- 6 $46.5 -- $30.5 -- 2 -- -- 7 $197.1 -- $200.0 -- 24.0 24.0

San Francisco-Oakland-San Jose, CA 6 $199.8 -- $206.5 -- 4 -- -- -- -- 5 30.2% 30.0% 6 $244.8 -- $236.5 -- 21.7 19.0

Washington-Baltimore, DC-MD-VA-WV 13 $198.3 $182.0 $200.0 $250.0 10 $80.1 $10.0 $60.0 $100.0 8 45.0% 30.0% 13 $260.0 $190.0 $257.0 $310.0 17.5 14.0

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

© 2011 Risk and Insurance Management Society, Inc. (RIMS) V - 3 US Data

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2011 Risk Management Compensation Survey

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

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

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

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

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

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

ability to drive performance from all areas within the organization.

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

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

Respondent Characteristics

Male 69.3% Yes 56.7%

Female 27.7% No 43.3%

Did Not Indicate 3.0% Did Not Indicate 0.0%

High School/Associate Degree 5.2% Incentive Stock Options (ISOs) 35.9%

Bachelors 42.4% Non-Qualified Stock Options (NQSOs) 25.2%

MA/MS 12.1% Restricted Stock 47.3%

MBA 24.7% Stock Appreciation Rights (SARs) 7.6%

JD 10.4% Performance Shares 15.3%

MD 0.0% Performance Units 11.5%

Ph.D 0.0% Long-Term Cash 16.0%

Other 5.2% None of the Above Received 1.5%

* Only includes those eligible for LTI

Parent 82.3% Yes 96.5%

Division 3.0% No 3.5%

Subsidiary 5.6%

Single Location 6.1%

Other 3.0%

Degree Type of Long-term Incentives Received*

Type of Organization Where Employed Supervise Individuals

Gender Long-Term Incentive Eligible

© 2011 Risk and Insurance Management Society, Inc. (RIMS) V - 4 US Data

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2011 Risk Management Compensation Survey

Director - Business Continuity/Financial/IT Risk Management

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

Scope

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

All Respondents 16 $135.7 $109.0 $127.5 $147.0 14 $34.8 $15.0 $22.5 $60.0 6 23.3% 20.0% 16 $166.2 $121.5 $140.5 $188.5 12.1 8.5

Ownership Type

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Publicly Traded 5 $142.8 -- $118.0 -- 5 $40.8 -- $20.0 -- 3 -- -- 5 $183.5 -- $135.0 -- 14.6 10.0

Private 4 -- -- -- -- 4 -- -- -- -- 1 -- -- 4 -- -- -- -- -- --

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

Not-for-Profit 5 $137.4 -- $138.8 -- 4 -- -- -- -- 1 -- -- 5 $160.2 -- $153.8 -- 8.8 7.0

Revenue

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Less than $100 Million 2 -- -- -- -- 1 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --

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

$250 - $500 Million 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --

$500 Million - $1 Billion 2 -- -- -- -- 2 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --

$1 - $5 Billion 6 $136.6 -- $136.9 -- 6 $31.5 -- $24.5 -- 3 -- -- 6 $168.1 -- $159.4 -- 12.0 12.5

$5 - $10 Billion 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Greater than $10 Billion 2 -- -- -- -- 2 -- -- -- -- 1 -- -- 2 -- -- -- -- -- --

Degree

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

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

Bachelors 7 $129.1 -- $135.0 -- 6 $39.3 -- $35.0 -- 2 -- -- 7 $162.8 -- $153.8 -- 9.4 6.0

MA/MS 2 -- -- -- -- 2 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --

MBA 6 $153.3 -- $131.0 -- 5 $39.6 -- $20.0 -- 3 -- -- 6 $186.3 -- $139.5 -- 10.7 8.5

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

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

Supervisory Responsibility

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

No 4 -- -- -- -- 4 -- -- -- -- 0 -- -- 4 -- -- -- -- -- --

1 or Fewer 1 -- -- -- -- 1 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --

From 1 to 3 3 -- -- -- -- 3 -- -- -- -- 3 -- -- 3 -- -- -- -- -- --

From 3 to 5 2 -- -- -- -- 1 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --

More than 5 5 $149.0 -- $143.0 -- 3 -- -- -- -- 3 -- -- 5 $184.7 -- $144.0 -- 14.8 12.0

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

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

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

© 2011 Risk and Insurance Management Society, Inc. (RIMS) V - 5 US Data

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2011 Risk Management Compensation Survey

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

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

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

Scope

Industry

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Not-for-Profit 5 $137.4 -- $138.8 -- 4 -- -- -- -- 1 -- -- 5 $160.2 -- $153.8 -- 8.8 7.0

Regions (defined in Section I - 15)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Mississippi Valley Region 5 $121.4 -- $120.0 -- 3 -- -- -- -- 2 -- -- 5 $131.8 -- $120.0 -- 9.2 7.0

Respondent Characteristics

Male 43.8% Yes 37.5%

Female 50.0% No 62.5%

Did Not Indicate 6.3% Did Not Indicate 0.0%

High School/Associate Degree 0.0% Incentive Stock Options (ISOs) 33.3%

Bachelors 43.8% Non-Qualified Stock Options (NQSOs) 16.7%

MA/MS 12.5% Restricted Stock 16.7%

MBA 37.5% Stock Appreciation Rights (SARs) 16.7%

JD 0.0% Performance Shares 0.0%

MD 0.0% Performance Units 0.0%

Ph.D 6.3% Long-Term Cash 33.3%

Other 0.0% None of the Above Received 16.7%

* Only includes those eligible for LTI

Parent 56.3% Yes 75.0%

Division 12.5% No 25.0%

Subsidiary 12.5%

Single Location 18.8%

Other 0.0%

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

Degree Type of Long-term Incentives Received*

Type of Organization Where Employed Supervise Individuals

Gender Long-Term Incentive Eligible

© 2011 Risk and Insurance Management Society, Inc. (RIMS) V - 6 US Data

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2011 Risk Management Compensation Survey

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

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

Scope

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

All Respondents 114 $130.2 $98.0 $130.0 $152.0 89 $26.0 $10.8 $22.0 $30.0 62 20.9% 20.0% 114 $150.5 $107.4 $140.5 $190.0 14.2 14.0

Ownership Type

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Publicly Traded 45 $146.5 $120.0 $142.0 $170.0 41 $31.8 $19.3 $25.0 $40.0 30 23.8% 20.0% 45 $175.5 $138.0 $169.5 $210.0 12.3 11.0

Private 33 $118.9 $90.0 $115.0 $148.0 29 $24.6 $9.5 $18.0 $26.9 21 19.2% 16.0% 33 $140.5 $92.4 $132.8 $175.0 13.3 12.0

Government 14 $113.7 $89.5 $107.0 $140.0 5 $9.5 -- $5.0 -- 2 -- -- 14 $117.1 $90.0 $107.0 $146.0 19.8 26.0

Not-for-Profit 19 $129.0 $100.3 $130.0 $152.0 14 $17.9 $6.0 $17.4 $26.0 8 16.9% 15.0% 19 $142.2 $107.4 $135.0 $181.0 15.2 16.0

Revenue

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Less than $100 Million 13 $111.4 $88.0 $110.0 $135.0 9 $15.9 -- $17.0 -- 8 16.4% 15.0% 13 $122.4 $88.0 $120.0 $144.9 13.1 10.0

$100 - $250 Million 6 $118.1 -- $106.0 -- 3 -- -- -- -- 2 -- -- 6 $135.9 -- $108.5 -- 22.2 23.5

$250 - $500 Million 11 $129.5 $89.5 $117.0 $150.0 9 $27.3 -- $12.0 -- 4 -- -- 11 $151.9 $89.8 $117.0 $180.0 13.9 19.0

$500 Million - $1 Billion 15 $136.9 $115.0 $140.0 $165.0 10 $23.7 $10.0 $21.0 $35.0 8 18.5% 17.5% 15 $152.7 $121.0 $140.0 $180.0 17.1 20.0

$1 - $5 Billion 36 $134.5 $98.7 $136.5 $156.8 29 $24.9 $15.0 $21.5 $28.0 18 22.4% 20.0% 36 $154.5 $104.9 $149.7 $195.0 13.9 14.0

$5 - $10 Billion 11 $150.6 $143.0 $150.0 $170.0 10 $39.9 $25.0 $31.9 $55.0 8 24.5% 22.5% 11 $186.9 $146.0 $192.5 $210.0 10.9 14.0

Greater than $10 Billion 12 $140.3 $112.0 $145.0 $167.5 12 $28.9 $21.0 $27.5 $35.0 10 20.2% 20.0% 12 $169.2 $139.5 $171.0 $207.5 13.9 16.5

Degree

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

High School/Associate Degree 3 -- -- -- -- 3 -- -- -- -- 1 -- -- 3 -- -- -- -- -- --

Bachelors 44 $129.5 $100.2 $130.0 $149.0 37 $20.0 $12.0 $19.5 $27.0 22 20.0% 20.0% 44 $146.3 $111.7 $140.0 $173.5 12.4 10.5

MA/MS 13 $116.0 $86.0 $115.0 $140.0 8 $17.3 -- $12.5 -- 5 19.4% 20.0% 13 $126.6 $90.0 $140.0 $146.0 13.2 15.0

MBA 36 $136.6 $94.7 $141.5 $172.5 26 $32.6 $17.5 $25.0 $42.0 22 21.5% 20.0% 36 $160.2 $95.9 $164.4 $200.0 16.4 16.5

JD 13 $138.4 $116.0 $119.0 $169.0 11 $34.6 $13.0 $25.0 $40.0 8 24.6% 22.5% 13 $167.7 $120.0 $144.9 $214.0 13.8 15.0

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

Supervisory Responsibility

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

No 22 $120.9 $95.0 $117.5 $140.0 19 $20.6 $8.0 $17.0 $26.9 15 19.9% 18.0% 22 $138.7 $103.0 $126.9 $162.1 10.8 5.0

1 or Fewer 11 $121.9 $91.8 $115.0 $145.0 8 $22.8 -- $19.3 -- 5 14.4% 15.0% 11 $138.5 $91.8 $133.5 $192.5 13.6 14.0

From 1 to 3 29 $118.5 $107.0 $120.0 $140.0 22 $20.5 $10.0 $20.2 $30.0 19 19.6% 20.0% 29 $134.1 $112.0 $138.0 $166.5 11.7 10.0

From 3 to 5 16 $141.7 $112.5 $144.5 $165.0 13 $36.6 $25.0 $30.0 $40.0 10 22.2% 22.5% 16 $171.4 $139.0 $176.0 $210.0 14.8 14.5

More than 5 16 $121.1 $87.0 $115.0 $143.0 11 $22.5 $7.5 $15.0 $25.0 4 -- -- 16 $136.5 $94.0 $120.8 $155.5 14.8 16.0

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

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

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

© 2011 Risk and Insurance Management Society, Inc. (RIMS) V - 7 US Data

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2011 Risk Management Compensation Survey

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

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

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

Scope

Industry

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Education 7 $95.9 -- $86.5 -- 0 -- -- -- -- 0 -- -- 7 $95.9 -- $86.5 -- 26.1 28.0

Finance/Banking 5 $151.3 -- $125.0 -- 5 $19.2 -- $20.0 -- 1 -- -- 5 $170.5 -- $140.0 -- 10.4 11.0

Government 14 $113.7 $89.5 $107.0 $140.0 5 $9.5 -- $5.0 -- 2 -- -- 14 $117.1 $90.0 $107.0 $146.0 19.8 26.0

Healthcare 11 $126.8 $86.0 $138.0 $152.0 9 $18.5 -- $22.0 -- 5 17.0% 20.0% 11 $141.9 $86.0 $150.0 $185.8 13.8 16.0

Insurance 16 $129.5 $96.7 $131.5 $147.5 13 $28.0 $12.0 $21.5 $25.0 10 20.4% 15.0% 16 $152.3 $105.1 $137.5 $173.4 7.3 4.0

Mfg - Durable (includes Aerospace,

Computer/Office Equipment, Electronics)10 $147.8 $138.0 $145.0 $160.0 9 $27.1 -- $23.0 -- 8 20.0% 20.0% 10 $172.2 $144.9 $171.0 $194.0 18.3 17.5

Not-for-Profit 19 $129.0 $100.3 $130.0 $152.0 14 $17.9 $6.0 $17.4 $26.0 8 16.9% 15.0% 19 $142.2 $107.4 $135.0 $181.0 15.2 16.0

Utilities 8 $139.3 -- $125.0 -- 8 $26.2 -- $20.3 -- 6 22.7% 15.0% 8 $165.4 -- $145.3 -- 8.9 4.8

Regions (defined in Section I - 15)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

North East Region 13 $144.4 $115.0 $140.0 $180.0 10 $20.0 $10.0 $19.3 $25.0 7 16.9% 15.0% 13 $159.8 $125.0 $140.0 $196.0 11.6 10.0

Mid Atlantic Region 20 $133.3 $114.0 $134.0 $147.8 17 $28.0 $19.3 $25.0 $33.8 13 24.5% 25.0% 20 $157.1 $126.4 $152.2 $190.0 15.5 15.5

South East Region 9 $117.3 -- $116.0 -- 7 $19.7 -- $25.0 -- 5 14.8% 12.0% 9 $132.6 -- $141.0 -- 17.5 19.0

Mississippi Valley Region 27 $118.5 $88.0 $120.0 $150.0 24 $19.6 $8.9 $18.3 $24.0 16 18.5% 20.0% 27 $136.0 $92.4 $133.5 $180.0 11.0 10.0

Mountain Region 19 $131.2 $89.5 $115.0 $165.0 14 $37.3 $5.0 $23.0 $60.0 11 21.0% 20.0% 19 $158.7 $90.0 $121.0 $215.0 15.3 12.0

Western Region 26 $136.6 $115.0 $137.8 $157.0 17 $29.9 $17.0 $25.0 $40.0 10 25.5% 22.5% 26 $156.1 $119.0 $144.5 $200.0 15.8 16.0

State

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

CA 14 $145.7 $117.5 $144.0 $170.0 9 $28.7 -- $24.0 -- 4 -- -- 14 $164.2 $135.6 $150.0 $210.0 16.5 13.0

FL 5 $124.6 -- $130.0 -- 4 -- -- -- -- 2 -- -- 5 $139.6 -- $160.0 -- 27.4 27.0

IL 8 $116.5 -- $119.0 -- 7 $19.2 -- $20.0 -- 6 14.3% 17.5% 8 $133.3 -- $139.0 -- 9.5 8.0

NC 5 $146.0 -- $130.0 -- 4 -- -- -- -- 3 -- -- 5 $167.4 -- $149.3 -- 18.1 18.0

NY 6 $143.4 -- $139.0 -- 4 -- -- -- -- 3 -- -- 6 $156.8 -- $150.5 -- 10.7 11.0

OH 7 $123.6 -- $120.0 -- 7 $22.9 -- $18.5 -- 3 -- -- 7 $146.4 -- $133.5 -- 8.3 9.0

TX 12 $130.0 $90.3 $125.0 $167.5 8 $35.4 -- $25.5 -- 6 16.7% 20.0% 12 $153.5 $92.3 $138.5 $214.5 13.9 10.0

Metro Area

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Houston-Galveston-Brazoria, TX 7 $135.6 -- $148.0 -- 5 $31.2 -- $27.0 -- 4 -- -- 7 $157.9 -- $175.0 -- 16.7 17.0

New York-Northern New Jersey-Long Island, NY-NJ-CT-PA6 $172.8 -- $177.5 -- 5 $22.3 -- $23.0 -- 5 15.6% 15.0% 6 $191.4 -- $194.3 -- 12.0 14.0

San Francisco-Oakland-San Jose, CA 9 $156.0 -- $150.0 -- 6 $32.8 -- $32.5 -- 3 -- -- 9 $177.8 -- $164.0 -- 16.7 15.0

Washington-Baltimore, DC-MD-VA-WV 5 $120.6 -- $128.0 -- 5 $16.6 -- $17.0 -- 3 -- -- 5 $137.2 -- $132.8 -- 12.6 15.0

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

© 2011 Risk and Insurance Management Society, Inc. (RIMS) V - 8 US Data

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2011 Risk Management Compensation Survey

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

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

Male 67.5% Yes 43.9%

Female 30.7% No 56.1%

Did Not Indicate 1.8% Did Not Indicate 0.0%

High School/Associate Degree 2.6% Incentive Stock Options (ISOs) 20.0%

Bachelors 38.6% Non-Qualified Stock Options (NQSOs) 16.0%

MA/MS 11.4% Restricted Stock 46.0%

MBA 31.6% Stock Appreciation Rights (SARs) 6.0%

JD 11.4% Performance Shares 16.0%

MD 0.0% Performance Units 12.0%

Ph.D 1.8% Long-Term Cash 12.0%

Other 2.6% None of the Above Received 4.0%

* Only includes those eligible for LTI

Parent 76.3% Yes 80.7%

Division 5.3% No 19.3%

Subsidiary 1.8%

Single Location 8.8%

Other 7.9%

Degree Type of Long-term Incentives Received*

Type of Organization Where Employed Supervise Individuals

Gender Long-Term Incentive Eligible

© 2011 Risk and Insurance Management Society, Inc. (RIMS) V - 9 US Data

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2011 Risk Management Compensation Survey

This Page Intentionally Blank

© 2011 Risk and Insurance Management Society, Inc. (RIMS) V - 10

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2011 Risk Management Compensation Survey

Director - Insurance and Risk Management

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

Scope

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

All Respondents 908 $126.8 $99.3 $124.0 $150.0 644 $32.0 $12.5 $25.0 $42.0 435 25.9% 20.0% 908 $149.5 $105.0 $139.5 $180.7 19.3 20.0

Ownership Type

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Publicly Traded 398 $144.9 $120.0 $141.0 $167.0 376 $40.3 $19.5 $32.0 $50.5 276 28.5% 25.0% 398 $182.9 $140.0 $175.7 $212.0 19.8 20.0

Private 270 $120.4 $100.0 $117.0 $138.5 215 $22.1 $10.0 $18.0 $30.0 133 22.7% 20.0% 270 $138.0 $110.0 $130.5 $160.0 17.7 18.0

Government 132 $98.5 $80.0 $95.0 $116.4 12 $17.0 $1.7 $7.5 $11.3 7 12.7% 10.0% 132 $100.0 $80.5 $96.0 $116.9 20.8 20.0

Not-for-Profit 86 $112.5 $91.8 $106.0 $130.0 28 $9.0 $3.1 $6.3 $12.4 11 18.2% 10.0% 86 $115.4 $93.0 $108.5 $135.0 19.0 20.0

Revenue

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Less than $100 Million 72 $100.2 $79.7 $95.0 $119.5 27 $14.0 $3.0 $10.0 $22.0 13 14.2% 10.0% 72 $105.4 $82.0 $98.0 $121.0 17.2 18.3

$100 - $250 Million 67 $104.5 $83.0 $99.0 $120.0 37 $15.4 $5.0 $10.0 $22.0 23 20.1% 15.0% 67 $113.0 $86.1 $102.0 $130.0 16.2 15.0

$250 - $500 Million 84 $113.0 $92.1 $108.5 $128.0 46 $16.7 $8.4 $14.1 $25.0 29 23.6% 20.0% 84 $122.2 $98.3 $116.5 $138.7 18.0 20.0

$500 Million - $1 Billion 125 $116.0 $95.0 $113.0 $134.0 73 $21.4 $10.0 $15.0 $28.9 52 22.6% 20.0% 125 $128.4 $100.0 $122.0 $148.5 20.1 20.0

$1 - $5 Billion 270 $132.1 $110.0 $128.7 $150.0 218 $31.6 $15.0 $25.0 $40.0 151 24.8% 20.0% 270 $157.6 $120.6 $151.1 $185.4 20.6 21.0

$5 - $10 Billion 104 $144.3 $124.0 $145.0 $167.5 92 $39.2 $20.0 $39.0 $50.0 63 28.2% 25.0% 104 $178.9 $140.8 $180.0 $213.5 20.8 20.5

Greater than $10 Billion 138 $157.2 $128.0 $155.0 $183.0 126 $50.7 $25.0 $39.5 $65.0 94 31.6% 25.0% 138 $203.5 $156.0 $189.5 $242.8 19.3 19.0

Degree

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

High School/Associate Degree 64 $115.1 $85.4 $105.0 $144.0 44 $22.6 $7.3 $15.0 $28.7 27 19.1% 20.0% 64 $130.7 $93.0 $114.5 $159.5 19.8 21.0

Bachelors 466 $124.5 $98.4 $122.0 $145.0 342 $30.7 $12.0 $24.1 $41.5 221 26.3% 20.0% 466 $147.1 $105.0 $138.5 $179.0 19.5 20.0

MA/MS 70 $119.4 $97.0 $110.0 $144.0 33 $27.3 $11.5 $28.0 $37.5 21 23.0% 20.0% 70 $132.2 $98.0 $122.2 $165.0 19.1 20.0

MBA 232 $136.3 $107.0 $130.0 $160.0 177 $38.4 $17.3 $30.0 $50.0 129 27.1% 25.0% 232 $165.6 $118.3 $150.0 $200.5 19.4 20.0

JD 37 $135.5 $110.0 $135.0 $152.0 26 $28.7 $15.0 $22.5 $34.0 21 20.4% 17.0% 37 $155.7 $120.0 $148.0 $177.0 15.6 16.0

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

Supervisory Responsibility

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

No 152 $110.2 $90.0 $107.5 $127.3 105 $23.0 $8.5 $18.5 $31.0 65 21.0% 20.0% 152 $126.1 $96.0 $120.0 $150.0 18.3 20.0

1 or Fewer 153 $120.9 $99.0 $117.0 $136.4 116 $25.6 $12.6 $22.0 $35.0 77 24.8% 20.0% 153 $140.3 $105.0 $134.5 $168.0 18.4 18.0

From 1 to 3 265 $130.8 $100.5 $130.0 $156.0 192 $34.9 $15.0 $28.0 $44.0 138 26.2% 20.0% 265 $156.0 $110.0 $146.0 $187.0 18.7 18.5

From 3 to 5 136 $124.5 $94.4 $120.0 $145.0 91 $31.1 $12.0 $22.0 $43.0 63 27.4% 20.0% 136 $145.3 $98.8 $135.7 $175.5 20.4 21.0

More than 5 111 $134.4 $100.0 $131.0 $159.0 79 $33.9 $12.0 $25.0 $48.0 50 26.8% 20.0% 111 $158.5 $108.3 $142.2 $185.0 20.3 20.0

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

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

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

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

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

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

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

© 2011 Risk and Insurance Management Society, Inc. (RIMS) V - 11 US Data

Page 104: 2011 Risk Management Compensation Survey - RIMS · 2011 Risk Management Compensation Survey . 2011 Risk Management Compensation Survey Data effective: March 1, ... Director - Enterprise

2011 Risk Management Compensation Survey

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

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

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

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

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

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

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

Scope

Industry

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Agriculture 6 $103.8 -- $103.0 -- 5 $18.5 -- $19.0 -- 3 -- -- 6 $119.1 -- $119.5 -- 18.0 18.5

Business/Info

Services/Consulting/Legal/Accounting10 $141.3 $103.2 $134.7 $145.0 10 $33.3 $17.0 $30.0 $31.0 5 23.0% 20.0% 10 $174.6 $120.2 $160.2 $181.0 14.0 13.0

Chemical/Pharmaceutical/Biotechnology 42 $144.1 $121.3 $135.0 $165.0 40 $45.1 $20.0 $28.7 $54.0 30 31.0% 24.0% 42 $187.0 $140.0 $164.4 $217.0 19.3 20.0

Computer Software/Services 13 $158.8 $129.4 $156.0 $185.0 12 $39.2 $26.3 $30.0 $41.5 11 21.9% 20.0% 13 $195.0 $153.0 $186.0 $214.0 15.9 17.0

Construction/Engineering/Architectural 29 $137.5 $105.0 $123.0 $168.0 21 $21.3 $7.0 $18.0 $30.0 15 18.3% 20.0% 29 $153.0 $112.0 $130.0 $195.0 19.4 20.0

Education 67 $101.7 $81.0 $98.0 $116.0 9 $21.3 -- $10.0 -- 5 33.4% 17.0% 67 $104.6 $81.0 $98.0 $116.0 19.6 20.0

Energy 36 $147.3 $122.0 $137.3 $160.0 32 $47.3 $28.8 $43.5 $57.5 21 37.0% 30.0% 36 $189.4 $145.3 $176.3 $212.8 22.0 25.0

Entertainment & Media 23 $135.9 $100.0 $135.3 $161.0 20 $26.4 $12.3 $23.5 $36.9 7 22.9% 25.0% 23 $158.8 $105.0 $155.5 $200.0 18.5 20.0

Finance/Banking 42 $140.1 $109.0 $126.8 $165.0 38 $36.4 $15.0 $27.2 $41.6 22 26.4% 20.0% 42 $173.0 $124.0 $160.0 $200.0 20.1 21.0

Government 132 $98.5 $80.0 $95.0 $116.4 12 $17.0 $1.7 $7.5 $11.3 7 12.7% 10.0% 132 $100.0 $80.5 $96.0 $116.9 20.8 20.0

Healthcare 44 $118.6 $96.8 $120.0 $137.5 28 $16.1 $6.8 $12.0 $22.5 12 21.5% 17.5% 44 $128.8 $98.3 $126.0 $149.0 17.9 17.5

Hospitality 38 $110.8 $95.0 $108.0 $125.0 28 $21.6 $11.8 $20.5 $25.0 28 21.2% 20.0% 38 $126.7 $103.0 $125.0 $146.0 17.1 16.5

Insurance 28 $119.3 $94.4 $117.9 $135.0 21 $19.4 $7.5 $16.0 $21.5 8 24.6% 15.0% 28 $133.8 $98.4 $131.7 $149.0 16.8 18.0

Mfg - Durable (includes Aerospace,

Computer/Office Equipment, Electronics)88 $139.6 $115.5 $139.4 $159.5 82 $37.4 $17.0 $28.9 $50.0 58 28.8% 25.0% 88 $174.4 $128.5 $164.5 $208.0 20.4 21.0

Mfg - Nondurable (includes Food, Paper & Allied

Products)40 $134.3 $108.5 $137.8 $155.5 38 $34.6 $14.0 $30.0 $56.0 29 25.7% 22.0% 40 $167.2 $119.3 $164.0 $201.5 18.7 17.0

Mining/Milling/Smelting 7 $152.1 -- $134.0 -- 6 $44.1 -- $31.0 -- 4 -- -- 7 $189.9 -- $154.0 -- 24.1 20.0

Not-for-Profit 86 $112.5 $91.8 $106.0 $130.0 28 $9.0 $3.1 $6.3 $12.4 11 18.2% 10.0% 86 $115.4 $93.0 $108.5 $135.0 19.0 20.0

Real Estate 40 $131.4 $106.5 $126.5 $148.0 34 $28.2 $12.5 $21.8 $35.0 23 21.0% 20.0% 40 $155.4 $123.4 $147.8 $179.0 16.8 14.5

Research & Development 4 -- -- -- -- 1 -- -- -- -- 1 -- -- 4 -- -- -- -- -- --

Retail 64 $135.2 $112.5 $138.5 $160.5 59 $31.7 $15.0 $26.0 $38.1 42 28.1% 20.0% 64 $164.4 $132.0 $165.1 $195.5 19.0 18.0

Service 19 $135.4 $103.0 $131.0 $150.0 15 $20.5 $7.0 $15.0 $25.0 12 18.9% 17.5% 19 $151.5 $110.0 $140.0 $182.0 17.9 18.0

Telecommunications 19 $129.2 $108.0 $135.0 $149.0 16 $36.8 $16.5 $29.8 $50.0 15 20.4% 20.0% 19 $160.2 $120.0 $164.6 $192.0 18.2 15.0

Transportation 45 $110.7 $94.0 $104.0 $125.0 28 $28.8 $7.3 $12.2 $50.0 15 33.3% 20.0% 45 $128.6 $100.0 $113.5 $142.0 18.3 20.0

Utilities 29 $133.1 $113.0 $133.0 $153.0 24 $35.3 $14.0 $33.8 $41.5 17 25.2% 20.0% 29 $162.3 $113.0 $164.0 $186.0 20.4 22.0

Wholesale Distribution 21 $132.4 $110.0 $130.0 $150.0 20 $36.1 $18.3 $30.0 $39.4 15 25.7% 20.0% 21 $166.7 $138.0 $145.0 $180.0 19.8 21.0

Other 22 $104.4 $78.0 $100.3 $110.0 13 $16.9 $4.1 $15.0 $26.3 8 13.1% 13.5% 22 $114.4 $80.0 $107.4 $136.3 20.5 18.5

Regions (defined in Section I - 15)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

North East Region 148 $141.2 $113.5 $135.0 $161.5 113 $37.2 $16.0 $30.0 $47.7 67 24.9% 20.0% 148 $169.7 $122.0 $160.0 $200.0 20.7 21.0

Mid Atlantic Region 95 $129.3 $106.4 $127.0 $145.0 60 $32.5 $11.3 $29.0 $43.5 41 24.2% 20.0% 95 $149.8 $113.5 $138.9 $174.5 19.1 20.0

South East Region 115 $115.5 $89.0 $115.0 $138.0 72 $31.5 $10.0 $22.8 $41.1 53 24.6% 20.0% 115 $135.3 $96.0 $125.0 $171.4 20.3 20.0

Mississippi Valley Region 210 $126.9 $99.5 $126.3 $150.0 175 $31.2 $12.0 $25.0 $42.0 125 28.5% 20.0% 210 $152.9 $109.5 $146.0 $187.0 18.7 19.5

Mountain Region 159 $117.7 $93.0 $109.0 $135.0 111 $26.4 $12.0 $20.0 $35.0 78 23.0% 20.0% 159 $136.1 $100.0 $121.5 $160.0 18.6 19.0

Western Region 181 $128.8 $100.0 $123.0 $156.0 113 $33.3 $13.0 $25.0 $45.0 71 27.3% 20.0% 181 $149.6 $105.0 $136.0 $183.6 18.8 20.0

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

© 2011 Risk and Insurance Management Society, Inc. (RIMS) V - 12 US Data

Page 105: 2011 Risk Management Compensation Survey - RIMS · 2011 Risk Management Compensation Survey . 2011 Risk Management Compensation Survey Data effective: March 1, ... Director - Enterprise

2011 Risk Management Compensation Survey

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

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

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

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

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

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

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

Scope

State

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

AL 11 $92.3 $65.0 $86.0 $125.0 3 -- -- -- -- 3 -- -- 11 $95.6 $65.0 $96.0 $125.0 20.6 22.0

AR 6 $135.8 -- $121.5 -- 5 $41.9 -- $28.0 -- 4 -- -- 6 $170.7 -- $143.2 -- 25.0 25.5

AZ 12 $112.8 $100.0 $112.5 $129.0 8 $27.2 -- $20.5 -- 6 19.5% 17.5% 12 $130.9 $101.5 $131.5 $153.0 19.6 20.0

CA 116 $141.5 $110.0 $138.5 $164.0 78 $38.6 $16.0 $27.5 $50.0 51 31.0% 23.0% 116 $167.4 $120.5 $154.0 $200.5 18.9 18.8

CO 37 $109.7 $91.0 $105.0 $127.0 21 $23.3 $13.0 $17.0 $30.0 13 19.7% 20.0% 37 $122.9 $98.0 $113.0 $142.0 17.7 19.0

CT 22 $148.5 $121.0 $137.5 $155.0 18 $39.0 $24.0 $30.5 $60.0 13 23.7% 20.0% 22 $180.5 $145.0 $165.0 $179.0 20.5 23.0

DC 7 $151.1 -- $147.0 -- 2 -- -- -- -- 1 -- -- 7 $154.8 -- $165.0 -- 27.0 27.0

FL 48 $111.1 $88.8 $103.5 $125.0 27 $25.4 $8.0 $15.0 $34.0 14 20.2% 20.0% 48 $125.4 $96.0 $115.3 $141.0 20.7 20.0

GA 24 $143.6 $124.0 $140.4 $169.1 17 $50.5 $25.0 $41.0 $47.0 18 29.4% 27.5% 24 $179.4 $127.5 $167.0 $218.2 21.1 21.0

IL 73 $135.1 $107.4 $135.4 $160.0 55 $33.3 $15.0 $25.0 $48.0 44 25.9% 22.5% 73 $160.2 $115.0 $151.8 $192.0 18.8 20.0

IN 7 $110.9 -- $92.0 -- 6 $20.2 -- $19.1 -- 4 -- -- 7 $128.2 -- $119.5 -- 11.1 10.0

KS 6 $112.2 -- $107.0 -- 3 -- -- -- -- 3 -- -- 6 $130.5 -- $119.5 -- 20.7 21.0

LA 5 $111.7 -- $105.0 -- 4 -- -- -- -- 1 -- -- 5 $125.9 -- $118.8 -- 17.8 22.0

MA 24 $123.9 $102.8 $114.5 $145.0 13 $23.8 $9.0 $18.0 $40.0 10 34.0% 25.0% 24 $136.8 $104.6 $121.8 $161.6 19.8 19.0

MD 10 $141.4 $127.0 $139.3 $155.0 5 $23.2 -- $20.0 -- 4 -- -- 10 $153.0 $127.0 $154.5 $173.0 15.9 16.5

MI 22 $130.8 $95.0 $133.3 $164.0 19 $26.4 $5.0 $19.0 $35.0 10 39.1% 25.0% 22 $153.6 $107.0 $150.5 $195.0 17.9 18.5

MN 24 $127.5 $104.6 $125.0 $153.3 22 $38.0 $15.0 $23.7 $43.0 19 34.3% 20.0% 24 $162.3 $122.6 $148.0 $213.0 21.9 23.5

MO 15 $103.0 $75.0 $100.0 $123.0 12 $25.4 $10.5 $21.5 $43.5 8 20.0% 20.0% 15 $123.4 $86.0 $107.0 $141.0 16.5 18.0

NC 14 $124.4 $93.0 $123.7 $140.0 7 $28.4 -- $22.0 -- 5 17.6% 17.0% 14 $138.6 $102.0 $127.5 $170.0 19.4 18.0

NJ 41 $141.3 $120.0 $138.0 $163.0 37 $43.9 $20.0 $30.0 $50.0 26 23.4% 20.5% 41 $180.9 $140.7 $170.0 $201.0 20.7 20.0

NV 12 $108.0 $87.5 $98.0 $125.5 5 $25.9 -- $23.0 -- 4 -- -- 12 $118.7 $89.2 $98.0 $155.0 18.3 16.5

NY 50 $150.1 $120.0 $146.5 $182.0 38 $37.0 $16.0 $30.0 $50.0 14 24.1% 25.0% 50 $178.2 $124.0 $172.3 $212.5 21.2 21.5

OH 33 $122.1 $110.0 $119.8 $135.3 32 $31.3 $13.8 $29.0 $39.0 22 26.5% 20.0% 33 $152.5 $124.0 $151.0 $170.0 19.3 19.0

OK 8 $98.9 -- $100.1 -- 7 $13.1 -- $15.0 -- 4 -- -- 8 $110.3 -- $114.8 -- 13.1 13.5

OR 17 $105.1 $82.0 $110.0 $118.0 12 $15.6 $5.0 $11.7 $24.5 6 15.0% 12.5% 17 $116.1 $85.0 $120.6 $140.0 17.7 20.0

PA 35 $127.2 $105.0 $125.0 $143.0 28 $33.6 $15.9 $32.5 $42.5 19 28.4% 25.0% 35 $154.1 $118.0 $157.6 $175.3 18.4 20.0

RI 7 $134.7 -- $125.7 -- 5 $26.5 -- $26.0 -- 3 -- -- 7 $153.7 -- $151.7 -- 20.6 18.0

SC 7 $87.6 -- $75.2 -- 4 -- -- -- -- 3 -- -- 7 $107.5 -- $91.6 -- 23.3 25.0

TN 20 $116.0 $85.0 $120.7 $136.7 17 $28.2 $12.5 $23.0 $40.0 14 18.1% 20.0% 20 $140.0 $97.9 $131.5 $182.0 17.5 16.0

TX 90 $126.8 $100.0 $120.0 $146.0 67 $30.4 $14.3 $25.0 $44.0 51 25.6% 20.0% 90 $149.4 $109.0 $134.5 $180.0 20.3 20.0

UT 8 $111.5 -- $95.0 -- 6 $17.3 -- $10.3 -- 4 -- -- 8 $124.5 -- $100.0 -- 12.6 13.0

VA 26 $125.9 $91.0 $120.0 $144.0 16 $36.7 $10.8 $28.7 $52.5 11 22.3% 20.0% 26 $148.5 $100.0 $132.2 $179.0 19.0 17.5

WA 17 $99.3 $90.0 $100.0 $110.0 8 $23.1 -- $18.3 -- 4 -- -- 17 $110.2 $98.0 $104.0 $116.5 21.0 22.0

WI 27 $123.8 $90.0 $125.0 $145.0 22 $28.3 $7.5 $20.0 $52.0 12 28.8% 22.5% 27 $146.9 $90.1 $146.0 $187.0 16.1 15.0

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

© 2011 Risk and Insurance Management Society, Inc. (RIMS) V - 13 US Data

Page 106: 2011 Risk Management Compensation Survey - RIMS · 2011 Risk Management Compensation Survey . 2011 Risk Management Compensation Survey Data effective: March 1, ... Director - Enterprise

2011 Risk Management Compensation Survey

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

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

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

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

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

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

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

Scope

Metro Area

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Atlanta, GA 24 $143.6 $124.0 $140.4 $169.1 17 $50.5 $25.0 $41.0 $47.0 18 29.4% 27.5% 24 $179.4 $127.5 $167.0 $218.2 21.1 21.0

Austin-San Marcos, TX 8 $115.0 -- $110.3 -- 5 $23.4 -- $25.0 -- 4 -- -- 8 $129.7 -- $120.3 -- 20.3 18.5

Birmingham, AL 5 $85.8 -- $82.0 -- 2 -- -- -- -- 2 -- -- 5 $88.6 -- $86.1 -- 17.0 18.0

Boston-Worcester-Lawrence, MA-NH-ME-CT 25 $124.2 $105.0 $116.0 $140.0 14 $24.1 $9.0 $20.0 $40.0 11 33.1% 24.0% 25 $137.7 $108.8 $122.0 $153.2 19.6 18.0

Charlotte-Gastonia-Rock Hill, NC-SC 5 $140.5 -- $125.0 -- 3 -- -- -- -- 2 -- -- 5 $169.1 -- $127.0 -- 19.0 16.0

Chicago-Gary-Kenosha, IL-IN-WI 64 $137.1 $111.0 $135.2 $162.5 52 $31.4 $14.8 $24.0 $42.0 41 25.9% 20.0% 64 $162.6 $118.5 $153.4 $192.3 19.4 20.0

Cincinnati-Hamilton, OH-KY-IN 9 $126.6 -- $130.5 -- 8 $29.7 -- $26.5 -- 4 -- -- 9 $153.0 -- $155.5 -- 21.2 23.0

Cleveland-Akron, OH 9 $118.4 -- $126.0 -- 9 $26.6 -- $31.5 -- 6 33.2% 19.0% 9 $145.0 -- $140.0 -- 19.2 16.0

Columbus, OH 5 $144.0 -- $125.0 -- 5 $35.6 -- $18.0 -- 5 18.6% 15.0% 5 $179.6 -- $137.5 -- 21.0 20.0

Dallas-Fort Worth, TX 39 $123.6 $98.0 $116.0 $135.0 31 $24.9 $13.0 $20.0 $31.6 23 26.0% 20.0% 39 $143.4 $112.0 $128.0 $164.0 19.3 18.0

Dayton-Springfield, OH 5 $103.8 -- $112.0 -- 5 $31.3 -- $30.0 -- 3 -- -- 5 $135.2 -- $151.0 -- 11.0 10.0

Denver-Boulder-Greeley, CO 32 $113.0 $93.0 $107.8 $134.3 17 $24.9 $13.0 $17.0 $35.0 12 19.7% 18.0% 32 $126.2 $99.6 $115.5 $145.8 18.7 20.0

Detroit-Ann Arbor-Flint, MI 16 $140.4 $124.8 $140.4 $164.5 15 $32.2 $7.0 $30.0 $40.0 9 32.3% 25.0% 16 $170.5 $130.1 $172.1 $197.5 15.9 15.0

Hartford, CT 8 $132.8 -- $137.0 -- 6 $41.7 -- $38.0 -- 5 27.0% 20.0% 8 $164.0 -- $167.5 -- 21.9 23.5

Houston-Galveston-Brazoria, TX 29 $143.3 $100.0 $135.5 $160.0 22 $43.4 $22.0 $39.5 $56.0 15 29.7% 25.0% 29 $176.2 $129.3 $165.5 $211.0 22.7 24.0

Jacksonville, FL 6 $123.3 -- $122.5 -- 5 $34.8 -- $23.5 -- 4 -- -- 6 $152.3 -- $147.8 -- 19.3 14.5

Las Vegas, NV-AZ 9 $107.4 -- $98.0 -- 4 -- -- -- -- 4 -- -- 9 $115.7 -- $98.0 -- 19.3 18.0

Los Angeles-Riverside-Orange County, CA 48 $135.2 $105.8 $132.0 $156.8 30 $31.1 $10.0 $20.8 $41.9 16 30.1% 21.5% 48 $154.7 $113.4 $143.8 $177.5 20.1 19.3

Memphis, TN-AR-MS 5 $123.2 -- $118.0 -- 4 -- -- -- -- 4 -- -- 5 $152.3 -- $125.5 -- 16.6 13.0

Miami-Fort Lauderdale, FL 10 $109.3 $99.0 $108.7 $120.0 4 -- -- -- -- 2 -- -- 10 $123.5 $99.0 $126.0 $137.0 19.7 20.5

Milwaukee-Racine, WI 18 $132.9 $90.0 $132.8 $172.0 15 $33.3 $6.0 $25.0 $69.0 8 24.4% 22.5% 18 $160.6 $90.1 $148.0 $215.0 15.1 15.0

Minneapolis-St. Paul, MN-WI 22 $131.3 $107.0 $132.2 $161.0 21 $39.4 $17.0 $26.3 $43.0 17 36.9% 20.0% 22 $168.9 $130.0 $151.0 $214.0 22.2 23.5

Nashville, TN 13 $115.3 $90.0 $123.5 $133.4 12 $24.5 $10.0 $22.0 $33.3 9 16.9% 20.0% 13 $137.9 $108.3 $137.5 $171.4 17.7 16.0

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

NJ-CT-PA88 $149.8 $121.5 $145.0 $175.0 73 $40.7 $16.0 $30.0 $50.0 39 24.4% 25.0% 88 $183.5 $139.1 $168.4 $202.5 20.2 20.0

Oklahoma City, OK 5 $98.6 -- $105.0 -- 4 -- -- -- -- 2 -- -- 5 $110.1 -- $120.0 -- 12.6 13.0

Orlando, FL 7 $105.3 -- $102.0 -- 5 $13.8 -- $8.0 -- 1 -- -- 7 $115.2 -- $102.0 -- 23.6 21.0

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

MD24 $130.8 $108.3 $123.1 $149.9 19 $31.7 $10.2 $28.9 $45.0 11 27.9% 20.0% 24 $155.9 $116.9 $156.8 $174.9 19.0 20.5

Phoenix, AZ 8 $117.5 -- $119.0 -- 5 $32.7 -- $25.0 -- 5 21.0% 20.0% 8 $137.9 -- $131.5 -- 18.8 20.5

Pittsburgh, PA 9 $125.7 -- $134.0 -- 8 $40.4 -- $38.1 -- 6 25.0% 25.0% 9 $161.6 -- $173.0 -- 17.6 16.0

Portland-Salem, OR-WA 17 $100.3 $80.0 $100.5 $117.1 11 $15.6 $5.0 $8.4 $25.0 6 15.0% 12.5% 17 $110.4 $82.0 $117.0 $136.0 19.3 20.0

Providence-Fall River-Warwick, RI-MA 7 $134.7 -- $125.7 -- 5 $26.5 -- $26.0 -- 3 -- -- 7 $153.7 -- $151.7 -- 20.6 18.0

Raleigh-Durham-Chapel Hill, NC 5 $118.2 -- $115.0 -- 4 -- -- -- -- 3 -- -- 5 $132.1 -- $136.4 -- 19.0 19.0

Richmond-Petersburg, VA 7 $137.2 -- $130.0 -- 5 $30.3 -- $28.3 -- 5 24.4% 25.0% 7 $158.8 -- $141.5 -- 18.4 15.0

Salt Lake City-Ogden, UT 8 $111.5 -- $95.0 -- 6 $17.3 -- $10.3 -- 4 -- -- 8 $124.5 -- $100.0 -- 12.6 13.0

San Antonio, TX 10 $115.2 $107.0 $112.5 $133.6 7 $22.8 -- $25.0 -- 7 22.1% 25.0% 10 $131.2 $109.0 $133.9 $150.0 19.8 22.0

San Diego, CA 18 $129.4 $109.0 $128.5 $150.0 12 $35.5 $18.8 $32.5 $43.0 10 23.8% 20.0% 18 $153.1 $112.0 $145.8 $186.0 18.3 17.3

San Francisco-Oakland-San Jose, CA 39 $165.3 $141.0 $161.0 $183.0 31 $51.5 $25.0 $40.0 $75.0 23 30.9% 25.0% 39 $206.2 $150.0 $200.0 $238.0 18.1 19.0

Seattle-Tacoma-Bremerton, WA 13 $99.4 $94.5 $100.0 $110.0 7 $18.3 -- $12.5 -- 3 -- -- 13 $109.3 $99.0 $104.0 $116.5 19.6 22.0

St. Louis, MO-IL 9 $98.9 -- $100.0 -- 7 $24.9 -- $25.0 -- 4 -- -- 9 $118.2 -- $118.0 -- 14.8 14.0

Tampa-St. Petersburg-Clearwater, FL 10 $107.5 $87.0 $93.0 $122.0 4 -- -- -- -- 2 -- -- 10 $119.1 $87.0 $98.0 $135.0 21.6 21.0

Washington-Baltimore, DC-MD-VA-WV 29 $141.4 $117.0 $138.5 $165.0 15 $35.6 $14.0 $22.0 $50.0 9 21.9% 20.0% 29 $159.8 $127.0 $160.0 $173.0 18.7 18.0

West Palm Beach-Boca Raton, FL 5 $120.3 -- $123.0 -- 4 -- -- -- -- 2 -- -- 5 $132.5 -- $138.0 -- 21.0 26.0

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

© 2011 Risk and Insurance Management Society, Inc. (RIMS) V - 14 US Data

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2011 Risk Management Compensation Survey

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

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

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

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

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

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

Respondent Characteristics

Male 60.7% Yes 39.5%

Female 37.1% No 60.4%

Did Not Indicate 2.2% Did Not Indicate 0.1%

High School/Associate Degree 7.0% Incentive Stock Options (ISOs) 27.0%

Bachelors 51.3% Non-Qualified Stock Options (NQSOs) 23.7%

MA/MS 7.7% Restricted Stock 57.9%

MBA 25.6% Stock Appreciation Rights (SARs) 7.2%

JD 4.1% Performance Shares 12.3%

MD 0.0% Performance Units 7.2%

Ph.D 0.3% Long-Term Cash 8.9%

Other 4.0% None of the Above Received 3.6%

* Only includes those eligible for LTI

Parent 75.6% Yes 83.3%

Division 5.5% No 16.7%

Subsidiary 7.3%

Single Location 5.7%

Other 5.9%

Gender Long-Term Incentive Eligible

Degree Type of Long-term Incentives Received*

Type of Organization Where Employed Supervise Individuals

© 2011 Risk and Insurance Management Society, Inc. (RIMS) V - 15 US Data

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2011 Risk Management Compensation Survey

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2011 Risk Management Compensation Survey

Manager - Insurance Management

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

Scope

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

All Respondents 384 $97.0 $80.0 $95.0 $110.2 255 $16.0 $6.6 $13.0 $21.8 169 16.2% 15.0% 384 $107.6 $85.0 $103.3 $126.3 14.2 12.0

Ownership Type

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Publicly Traded 195 $102.4 $86.5 $102.0 $117.0 152 $18.0 $8.0 $15.0 $24.5 117 17.0% 15.0% 195 $116.5 $93.0 $112.0 $138.0 13.8 11.0

Private 103 $93.7 $79.0 $91.0 $108.0 75 $14.7 $5.7 $10.0 $20.0 42 15.1% 12.0% 103 $104.4 $83.2 $100.8 $123.0 13.0 11.0

Government 42 $82.1 $69.0 $80.2 $93.0 5 $3.0 -- $3.0 -- 1 -- -- 42 $82.5 $69.0 $80.2 $93.6 17.7 18.5

Not-for-Profit 25 $93.5 $80.0 $90.0 $100.0 13 $10.7 $3.5 $6.4 $10.0 4 -- -- 25 $99.1 $89.0 $94.0 $106.9 15.8 15.0

Revenue

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Less than $100 Million 25 $80.9 $71.0 $80.5 $90.0 13 $9.8 $4.0 $6.5 $17.5 5 14.0% 10.0% 25 $85.9 $74.0 $87.0 $94.1 16.6 15.0

$100 - $250 Million 28 $89.9 $77.2 $84.8 $103.4 17 $11.2 $3.0 $8.5 $10.0 4 -- -- 28 $96.7 $79.3 $92.5 $112.8 12.9 10.5

$250 - $500 Million 22 $94.3 $76.0 $89.5 $108.0 8 $16.2 -- $11.7 -- 3 -- -- 22 $100.2 $76.0 $91.4 $111.3 14.0 11.0

$500 Million - $1 Billion 31 $91.1 $76.0 $92.0 $102.0 17 $13.8 $4.0 $10.0 $15.0 6 12.2% 9.5% 31 $98.6 $78.5 $98.5 $111.0 13.0 12.0

$1 - $5 Billion 130 $96.1 $82.0 $96.0 $105.0 92 $13.5 $6.2 $10.1 $18.5 67 14.6% 12.0% 130 $105.7 $86.0 $103.3 $120.0 13.8 12.0

$5 - $10 Billion 39 $105.8 $90.0 $106.0 $121.0 29 $16.6 $9.8 $13.5 $20.0 21 17.1% 15.0% 39 $118.2 $98.8 $119.0 $140.0 16.4 18.0

Greater than $10 Billion 77 $111.6 $96.0 $110.0 $125.0 61 $23.8 $13.9 $22.3 $30.0 55 16.9% 15.0% 77 $130.5 $108.0 $128.0 $150.0 13.8 12.0

Degree

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

High School/Associate Degree 31 $82.1 $62.0 $81.0 $97.0 18 $12.1 $5.0 $8.8 $18.0 5 27.0% 15.0% 31 $89.1 $73.9 $90.0 $97.0 17.6 18.0

Bachelors 220 $96.7 $80.0 $94.9 $110.0 146 $14.6 $5.7 $13.0 $20.0 94 14.2% 15.0% 220 $106.4 $82.5 $103.0 $125.8 14.2 12.0

MA/MS 29 $93.1 $79.0 $93.2 $105.0 19 $11.9 $6.5 $10.0 $17.0 16 20.0% 15.0% 29 $100.9 $81.8 $102.5 $111.0 14.4 12.0

MBA 80 $104.2 $90.0 $101.2 $116.0 59 $20.1 $9.0 $15.0 $28.5 45 17.6% 15.0% 80 $119.1 $96.4 $112.2 $138.3 12.4 10.0

JD 8 $106.6 -- $111.5 -- 6 $26.0 -- $19.5 -- 4 -- -- 8 $126.1 -- $121.0 -- 11.3 11.5

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

Supervisory Responsibility

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

No 193 $95.2 $80.0 $93.1 $110.0 130 $16.0 $6.6 $13.9 $22.0 85 16.8% 15.0% 193 $106.0 $82.5 $102.0 $125.0 13.1 11.0

1 or Fewer 63 $99.6 $84.7 $98.0 $115.0 45 $17.7 $8.0 $15.0 $21.0 33 18.0% 15.0% 63 $112.2 $87.9 $106.9 $141.0 15.3 14.0

From 1 to 3 74 $95.5 $80.0 $94.5 $107.2 47 $14.5 $5.0 $10.0 $22.0 30 14.0% 12.5% 74 $104.7 $84.0 $101.8 $123.1 14.8 11.5

From 3 to 5 57 $101.2 $86.5 $102.1 $119.0 43 $15.8 $5.7 $13.5 $25.0 35 18.0% 15.0% 57 $113.1 $90.0 $113.5 $139.7 13.3 11.0

More than 5 11 $102.9 $80.0 $89.9 $126.0 5 $22.0 -- $21.0 -- 5 17.4% 15.0% 11 $112.9 $81.8 $89.9 $148.0 16.8 18.0

Responsibilities include directing the purchase of insurance programs, management of claims and loss control activities, management of relationships with third party service providers including brokers, insurers, consultants and other

administrators, preparing loss analyses and budgets, identifying exposures, recommending solutions, implementing approved programs, promoting loss prevention, updating and monitoring compliance with insurance procedures and

managing safety/risk management manuals.

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

© 2011 Risk and Insurance Management Society, Inc. (RIMS) V - 17 US Data

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2011 Risk Management Compensation Survey

Manager - Insurance ManagementResponsibilities include directing the purchase of insurance programs, management of claims and loss control activities, management of relationships with third party service providers including brokers, insurers, consultants and other

administrators, preparing loss analyses and budgets, identifying exposures, recommending solutions, implementing approved programs, promoting loss prevention, updating and monitoring compliance with insurance procedures and

managing safety/risk management manuals.

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

Scope

Industry

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Business/Info

Services/Consulting/Legal/Accounting5 $98.8 -- $94.0 -- 4 -- -- -- -- 2 -- -- 5 $103.4 -- $99.7 -- 11.6 11.0

Chemical/Pharmaceutical/Biotechnology 15 $117.3 $100.5 $113.0 $135.0 11 $25.0 $17.0 $20.0 $36.3 12 16.8% 15.0% 15 $135.6 $110.6 $132.0 $162.0 10.5 11.0

Construction/Engineering/Architectural 12 $107.5 $91.1 $103.2 $118.5 10 $11.2 $4.0 $7.8 $19.4 3 -- -- 12 $116.9 $95.1 $113.8 $120.0 15.4 14.0

Education 12 $71.1 $54.3 $71.3 $89.4 2 -- -- -- -- 1 -- -- 12 $72.4 $54.3 $71.3 $89.4 14.2 11.0

Energy 17 $105.7 $92.0 $110.0 $115.0 14 $25.5 $18.0 $24.5 $30.0 8 28.9% 21.0% 17 $126.7 $111.0 $136.0 $142.3 16.1 15.0

Entertainment & Media 11 $97.7 $82.0 $98.0 $120.0 9 $13.6 -- $15.0 -- 6 14.2% 12.5% 11 $108.8 $83.8 $109.5 $131.0 16.3 15.0

Finance/Banking 19 $88.2 $69.0 $81.8 $108.0 12 $18.0 $10.0 $12.7 $21.0 1 -- -- 19 $99.6 $77.3 $89.2 $123.0 13.4 13.0

Government 42 $82.1 $69.0 $80.2 $93.0 5 $3.0 -- $3.0 -- 1 -- -- 42 $82.5 $69.0 $80.2 $93.6 17.7 18.5

Healthcare 15 $99.6 $75.0 $100.0 $125.0 9 $14.9 -- $10.0 -- 6 11.3% 10.0% 15 $108.5 $77.5 $100.0 $141.5 15.5 15.0

Hospitality 9 $89.4 -- $93.8 -- 7 $7.4 -- $5.0 -- 4 -- -- 9 $95.1 -- $93.8 -- 13.9 10.0

Insurance 16 $88.8 $83.4 $87.8 $96.0 11 $8.8 $4.0 $9.8 $12.0 9 9.1% 10.0% 16 $94.8 $85.5 $92.5 $107.4 15.3 14.0

Mfg - Durable (includes Aerospace,

Computer/Office Equipment, Electronics)47 $107.0 $92.0 $105.0 $122.0 37 $19.8 $10.0 $18.0 $25.0 30 16.1% 12.0% 47 $122.6 $97.4 $123.0 $143.0 13.5 11.0

Mfg - Nondurable (includes Food, Paper & Allied

Products)22 $100.8 $85.0 $101.5 $118.9 17 $17.9 $10.0 $17.0 $24.0 14 16.4% 15.5% 22 $114.7 $97.5 $114.3 $135.8 12.8 10.5

Mining/Milling/Smelting 6 $117.7 -- $113.9 -- 6 $25.0 -- $18.6 -- 6 18.3% 20.0% 6 $142.6 -- $132.0 -- 17.7 20.5

Not-for-Profit 25 $93.5 $80.0 $90.0 $100.0 13 $10.7 $3.5 $6.4 $10.0 4 -- -- 25 $99.1 $89.0 $94.0 $106.9 15.8 15.0

Real Estate 16 $82.9 $61.5 $87.7 $101.0 12 $16.0 $5.0 $11.0 $23.8 3 -- -- 16 $94.8 $66.0 $97.1 $115.5 11.2 11.0

Retail 26 $95.5 $80.0 $90.0 $110.0 17 $17.6 $7.6 $10.3 $16.5 15 14.0% 10.0% 26 $107.0 $80.0 $96.5 $124.0 12.6 10.0

Service 5 $92.3 -- $90.0 -- 4 -- -- -- -- 1 -- -- 5 $107.6 -- $102.5 -- 8.5 11.0

Telecommunications 14 $100.4 $85.0 $92.5 $110.0 11 $15.6 $10.0 $15.0 $20.0 8 17.6% 17.5% 14 $112.7 $96.8 $109.0 $117.1 11.1 10.0

Transportation 14 $81.7 $62.0 $86.5 $99.5 7 $13.8 -- $5.2 -- 6 15.2% 16.5% 14 $88.6 $62.7 $90.0 $105.0 15.0 14.5

Utilities 26 $103.5 $90.0 $102.4 $114.5 18 $12.6 $4.4 $8.8 $20.0 10 20.2% 15.0% 26 $112.2 $101.0 $107.0 $134.5 18.2 18.5

Wholesale Distribution 8 $99.5 -- $87.0 -- 6 $11.6 -- $9.5 -- 4 -- -- 8 $108.2 -- $97.3 -- 15.0 15.5

Other 19 $96.0 $86.5 $100.5 $110.0 10 $9.4 $5.0 $9.3 $15.0 5 15.6% 15.0% 19 $101.0 $86.5 $102.0 $117.0 14.1 15.0

Regions (defined in Section I - 15)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

North East Region 66 $105.6 $90.0 $101.7 $120.0 51 $19.3 $10.0 $15.0 $24.0 37 17.7% 15.0% 66 $120.5 $97.2 $111.5 $143.0 13.8 11.0

Mid Atlantic Region 47 $95.1 $82.0 $100.0 $108.0 34 $17.0 $7.5 $11.4 $20.0 23 18.7% 15.0% 47 $107.3 $82.5 $105.0 $123.0 14.0 11.0

South East Region 52 $89.1 $78.4 $90.0 $99.0 31 $14.6 $4.0 $9.8 $25.0 16 15.2% 12.5% 52 $97.9 $82.5 $94.7 $109.5 15.2 13.0

Mississippi Valley Region 84 $95.7 $77.5 $92.0 $111.4 53 $16.6 $8.0 $15.0 $21.6 47 13.7% 13.0% 84 $106.2 $80.0 $98.7 $125.8 14.2 13.5

Mountain Region 66 $96.8 $78.3 $95.4 $114.0 47 $15.0 $7.0 $14.0 $20.0 25 18.2% 15.0% 66 $107.5 $86.0 $104.4 $125.0 14.5 12.5

Western Region 69 $97.6 $80.0 $95.0 $113.0 39 $12.5 $4.4 $10.0 $20.0 21 14.9% 15.0% 69 $104.7 $80.4 $101.0 $130.0 13.5 12.0

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

© 2011 Risk and Insurance Management Society, Inc. (RIMS) V - 18 US Data

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2011 Risk Management Compensation Survey

Manager - Insurance ManagementResponsibilities include directing the purchase of insurance programs, management of claims and loss control activities, management of relationships with third party service providers including brokers, insurers, consultants and other

administrators, preparing loss analyses and budgets, identifying exposures, recommending solutions, implementing approved programs, promoting loss prevention, updating and monitoring compliance with insurance procedures and

managing safety/risk management manuals.

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

Scope

State

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

AL 5 $90.0 -- $103.0 -- 4 -- -- -- -- 2 -- -- 5 $94.2 -- $106.5 -- 14.0 11.0

CA 42 $106.8 $88.0 $106.0 $125.0 28 $12.4 $4.0 $10.0 $21.5 17 14.8% 15.0% 42 $115.1 $94.0 $112.3 $134.0 13.5 12.0

CO 15 $101.1 $78.7 $94.8 $120.0 12 $15.0 $6.7 $11.0 $14.8 7 15.0% 15.0% 15 $113.1 $78.7 $100.4 $120.0 12.2 10.0

CT 11 $103.8 $80.0 $105.0 $119.0 8 $14.2 -- $13.5 -- 4 -- -- 11 $114.1 $84.0 $120.0 $141.5 14.2 10.0

DC 5 $99.4 -- $102.7 -- 3 -- -- -- -- 1 -- -- 5 $103.3 -- $103.0 -- 19.8 25.0

FL 23 $91.8 $82.0 $89.9 $100.0 10 $15.6 $6.4 $14.9 $25.0 6 17.7% 18.0% 23 $98.5 $85.0 $94.1 $110.0 16.1 20.0

GA 14 $85.9 $72.0 $90.0 $97.0 8 $18.1 -- $15.9 -- 3 -- -- 14 $96.3 $72.0 $90.1 $119.0 13.7 13.0

IL 20 $101.5 $85.0 $103.0 $114.0 12 $20.1 $8.4 $16.0 $28.0 9 16.7% 20.0% 20 $113.5 $90.5 $109.7 $128.0 16.6 16.5

IN 7 $86.8 -- $82.0 -- 5 $11.2 -- $11.0 -- 5 10.2% 10.0% 7 $94.8 -- $85.7 -- 7.6 7.0

MA 8 $108.9 -- $104.5 -- 6 $24.5 -- $22.5 -- 4 -- -- 8 $127.2 -- $117.0 -- 9.3 8.5

MI 14 $86.0 $80.0 $85.6 $93.2 9 $12.3 -- $9.3 -- 7 11.7% 12.0% 14 $93.9 $82.5 $89.0 $112.4 15.8 15.5

MN 8 $111.0 -- $113.4 -- 6 $20.3 -- $16.7 -- 6 16.3% 15.0% 8 $126.2 -- $124.8 -- 16.6 18.0

MO 10 $93.1 $80.0 $89.5 $103.0 4 -- -- -- -- 4 -- -- 10 $98.9 $80.0 $94.5 $111.0 12.3 12.0

NC 7 $93.7 -- $100.0 -- 5 $23.7 -- $20.0 -- 3 -- -- 7 $110.7 -- $109.5 -- 13.7 14.0

NE 5 $87.7 -- $102.0 -- 2 -- -- -- -- 1 -- -- 5 $90.3 -- $105.0 -- 18.6 20.0

NJ 21 $108.7 $90.0 $105.0 $125.0 16 $23.1 $10.2 $20.0 $34.9 16 21.9% 15.0% 21 $126.4 $102.0 $123.3 $151.0 13.1 12.0

NV 5 $92.7 -- $86.5 -- 4 -- -- -- -- 1 -- -- 5 $101.8 -- $99.0 -- 14.6 16.0

NY 22 $105.7 $92.0 $99.0 $121.0 18 $17.6 $10.0 $13.3 $15.0 11 15.0% 15.0% 22 $120.2 $100.0 $116.5 $142.0 16.1 16.0

OH 14 $91.3 $71.0 $85.1 $110.0 10 $16.4 $3.5 $14.5 $21.6 8 13.1% 15.0% 14 $103.0 $78.5 $94.2 $120.0 9.2 8.5

OR 9 $76.8 -- $79.0 -- 3 -- -- -- -- 0 -- -- 9 $82.8 -- $79.0 -- 18.3 16.0

PA 17 $99.3 $95.0 $102.5 $110.0 14 $23.1 $10.0 $17.5 $31.3 13 16.8% 15.0% 17 $118.3 $104.0 $116.0 $145.0 15.6 13.0

TN 6 $83.7 -- $85.4 -- 5 $17.8 -- $10.0 -- 3 -- -- 6 $98.6 -- $94.8 -- 14.1 15.3

TX 35 $98.3 $78.3 $98.0 $117.0 23 $15.3 $6.0 $15.0 $25.0 13 21.0% 15.0% 35 $108.3 $86.0 $108.0 $132.0 14.7 14.0

VA 8 $100.2 -- $98.5 -- 6 $11.2 -- $13.0 -- 4 -- -- 8 $108.6 -- $105.5 -- 9.3 9.0

WA 7 $83.4 -- $81.0 -- 1 -- -- -- -- 1 -- -- 7 $84.9 -- $81.0 -- 10.9 11.0

WI 8 $102.3 -- $97.0 -- 5 $15.7 -- $16.0 -- 6 15.2% 15.0% 8 $112.1 -- $99.7 -- 19.0 19.0

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

© 2011 Risk and Insurance Management Society, Inc. (RIMS) V - 19 US Data

Page 112: 2011 Risk Management Compensation Survey - RIMS · 2011 Risk Management Compensation Survey . 2011 Risk Management Compensation Survey Data effective: March 1, ... Director - Enterprise

2011 Risk Management Compensation Survey

Manager - Insurance ManagementResponsibilities include directing the purchase of insurance programs, management of claims and loss control activities, management of relationships with third party service providers including brokers, insurers, consultants and other

administrators, preparing loss analyses and budgets, identifying exposures, recommending solutions, implementing approved programs, promoting loss prevention, updating and monitoring compliance with insurance procedures and

managing safety/risk management manuals.

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

Scope

Metro Area

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Atlanta, GA 12 $89.1 $80.4 $90.0 $97.5 7 $20.6 -- $22.0 -- 3 -- -- 12 $101.1 $81.0 $90.6 $123.9 13.8 13.0

Boston-Worcester-Lawrence, MA-NH-ME-CT 7 $113.6 -- $108.0 -- 6 $24.5 -- $22.5 -- 4 -- -- 7 $134.6 -- $123.0 -- 9.3 8.0

Charlotte-Gastonia-Rock Hill, NC-SC 5 $92.8 -- $100.0 -- 3 -- -- -- -- 1 -- -- 5 $111.3 -- $109.5 -- 15.2 17.0

Chicago-Gary-Kenosha, IL-IN-WI 17 $100.9 $91.0 $104.0 $113.0 12 $16.8 $8.4 $12.5 $24.0 10 16.2% 17.5% 17 $112.7 $91.0 $111.3 $123.0 15.7 15.0

Cleveland-Akron, OH 5 $95.4 -- $94.0 -- 3 -- -- -- -- 2 -- -- 5 $104.0 -- $94.0 -- 10.6 8.0

Dallas-Fort Worth, TX 15 $97.6 $77.0 $96.0 $120.0 11 $16.8 $7.0 $17.5 $25.0 5 32.0% 15.0% 15 $109.9 $80.0 $108.0 $132.0 13.5 10.0

Denver-Boulder-Greeley, CO 15 $101.1 $78.7 $94.8 $120.0 12 $15.0 $6.7 $11.0 $14.8 7 15.0% 15.0% 15 $113.1 $78.7 $100.4 $120.0 12.2 10.0

Detroit-Ann Arbor-Flint, MI 11 $85.6 $82.5 $86.5 $93.2 7 $11.7 -- $9.3 -- 5 12.0% 12.0% 11 $93.0 $82.5 $90.0 $112.4 13.0 14.0

Hartford, CT 5 $106.9 -- $109.0 -- 4 -- -- -- -- 2 -- -- 5 $120.4 -- $121.0 -- 13.6 10.0

Houston-Galveston-Brazoria, TX 14 $101.4 $93.0 $103.0 $114.0 8 $18.3 -- $20.1 -- 5 16.4% 20.0% 14 $111.9 $101.0 $115.3 $136.0 15.4 13.5

Indianapolis, IN 6 $88.4 -- $82.9 -- 4 -- -- -- -- 5 10.2% 10.0% 6 $95.6 -- $84.8 -- 8.2 8.5

Kansas City, MO-KS 6 $83.3 -- $87.0 -- 2 -- -- -- -- 3 -- -- 6 $86.5 -- $87.0 -- 15.0 14.0

Los Angeles-Riverside-Orange County, CA 21 $95.2 $80.0 $100.0 $106.0 11 $11.8 $5.0 $10.0 $24.0 6 16.7% 15.0% 21 $101.4 $80.3 $100.0 $124.0 12.9 11.0

Miami-Fort Lauderdale, FL 6 $104.0 -- $95.0 -- 4 -- -- -- -- 2 -- -- 6 $117.0 -- $105.0 -- 18.2 20.0

Minneapolis-St. Paul, MN-WI 6 $107.4 -- $111.4 -- 4 -- -- -- -- 4 -- -- 6 $122.1 -- $121.1 -- 18.3 20.0

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

NJ-CT-PA42 $106.8 $92.0 $103.5 $119.0 32 $20.4 $10.0 $14.5 $24.5 26 18.7% 15.0% 42 $122.3 $100.0 $120.5 $143.0 13.8 11.0

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

MD8 $98.2 -- $101.4 -- 7 $25.5 -- $17.0 -- 5 18.0% 20.0% 8 $120.5 -- $115.2 -- 10.9 10.5

Portland-Salem, OR-WA 8 $81.4 -- $79.8 -- 3 -- -- -- -- 0 -- -- 8 $88.2 -- $79.8 -- 16.9 15.5

San Diego, CA 5 $99.8 -- $95.0 -- 5 $11.8 -- $10.0 -- 2 -- -- 5 $111.6 -- $112.0 -- 12.8 12.0

San Francisco-Oakland-San Jose, CA 14 $125.5 $110.0 $132.5 $145.0 11 $14.0 $2.0 $13.6 $23.0 9 13.4% 15.0% 14 $136.5 $112.5 $136.5 $163.0 13.5 12.3

Washington-Baltimore, DC-MD-VA-WV 18 $90.6 $76.0 $93.5 $102.7 12 $8.3 $2.9 $8.8 $12.0 5 28.6% 15.0% 18 $96.2 $80.0 $94.6 $111.0 13.6 10.0

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

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2011 Risk Management Compensation Survey

Manager - Insurance ManagementResponsibilities include directing the purchase of insurance programs, management of claims and loss control activities, management of relationships with third party service providers including brokers, insurers, consultants and other

administrators, preparing loss analyses and budgets, identifying exposures, recommending solutions, implementing approved programs, promoting loss prevention, updating and monitoring compliance with insurance procedures and

managing safety/risk management manuals.Respondent Characteristics

Male 49.2% Yes 24.7%

Female 49.2% No 75.3%

Did Not Indicate 1.6% Did Not Indicate 0.0%

High School/Associate Degree 8.1% Incentive Stock Options (ISOs) 28.4%

Bachelors 57.3% Non-Qualified Stock Options (NQSOs) 14.7%

MA/MS 7.6% Restricted Stock 44.2%

MBA 20.8% Stock Appreciation Rights (SARs) 4.2%

JD 2.1% Performance Shares 7.4%

MD 0.3% Performance Units 7.4%

Ph.D 0.0% Long-Term Cash 8.4%

Other 3.9% None of the Above Received 8.4%

* Only includes those eligible for LTI

Parent 73.2% Yes 49.7%

Division 7.0% No 50.3%

Subsidiary 8.6%

Single Location 4.9%

Other 6.3%

Gender Long-Term Incentive Eligible

Degree Type of Long-term Incentives Received*

Type of Organization Where Employed Supervise Individuals

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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 39 $83.6 $67.5 $80.0 $103.0 18 $10.5 $3.4 $10.3 $16.0 5 31.8% 15.0% 39 $88.5 $67.5 $81.5 $110.0 16.0 14.0

Ownership Type

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Publicly Traded 15 $86.7 $73.0 $88.0 $103.0 9 $12.6 -- $16.0 -- 3 -- -- 15 $94.3 $73.0 $92.0 $112.0 16.8 16.0

Private 10 $83.1 $65.0 $79.0 $105.0 7 $8.0 -- $8.8 -- 1 -- -- 10 $88.7 $65.0 $83.0 $115.5 12.1 12.0

Government 6 $72.9 -- $65.0 -- 0 -- -- -- -- 0 -- -- 6 $72.9 -- $65.0 -- 18.3 13.0

Not-for-Profit 7 $88.4 -- $73.0 -- 1 -- -- -- -- 0 -- -- 7 $90.5 -- $73.0 -- 18.7 14.0

Revenue

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Less than $100 Million 6 $92.1 -- $97.5 -- 4 -- -- -- -- 1 -- -- 6 $97.5 -- $102.5 -- 11.8 11.5

$100 - $250 Million 2 -- -- -- -- 1 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --

$250 - $500 Million 2 -- -- -- -- 0 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --

$500 Million - $1 Billion 4 -- -- -- -- 1 -- -- -- -- 0 -- -- 4 -- -- -- -- -- --

$1 - $5 Billion 9 $95.3 -- $92.0 -- 6 $12.8 -- $15.0 -- 4 -- -- 9 $103.8 -- $92.0 -- 14.9 16.0

$5 - $10 Billion 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Greater than $10 Billion 4 -- -- -- -- 3 -- -- -- -- 0 -- -- 4 -- -- -- -- -- --

Degree

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

High School/Associate Degree 9 $76.3 -- $73.0 -- 3 -- -- -- -- 0 -- -- 9 $78.5 -- $73.0 -- 16.4 10.0

Bachelors 21 $87.9 $69.0 $88.0 $103.0 11 $12.1 $3.0 $15.0 $17.0 3 -- -- 21 $94.2 $69.0 $92.0 $115.0 16.8 16.0

MA/MS 4 -- -- -- -- 1 -- -- -- -- 0 -- -- 4 -- -- -- -- -- --

MBA 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

JD 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --

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

Supervisory Responsibility

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

No 12 $83.7 $73.5 $80.8 $96.0 5 $10.1 -- $3.0 -- 1 -- -- 12 $87.9 $75.0 $82.0 $102.5 14.1 14.5

1 or Fewer 7 $88.5 -- $87.0 -- 4 -- -- -- -- 2 -- -- 7 $95.1 -- $87.4 -- 20.7 20.0

From 1 to 3 8 $78.8 -- $73.5 -- 4 -- -- -- -- 1 -- -- 8 $81.4 -- $75.2 -- 13.4 11.5

From 3 to 5 7 $74.9 -- $66.0 -- 1 -- -- -- -- 1 -- -- 7 $77.3 -- $66.0 -- 17.0 10.0

More than 5 4 -- -- -- -- 2 -- -- -- -- 1 -- -- 4 -- -- -- -- -- --

Combination of data from the Employee Benefits Manager & Workers' Compensation Claims Manager positions.

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

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

© 2011 Risk and Insurance Management Society, Inc. (RIMS) V - 23 US Data

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2011 Risk Management Compensation Survey

Employee Benefits/Workers Compensation Claims ManagerCombination of data from the Employee Benefits Manager & Workers' Compensation Claims Manager positions.

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

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

Scope

Industry

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Government 6 $72.9 -- $65.0 -- 0 -- -- -- -- 0 -- -- 6 $72.9 -- $65.0 -- 18.3 13.0

Healthcare 5 $95.0 -- $92.0 -- 2 -- -- -- -- 0 -- -- 5 $98.0 -- $92.0 -- 13.2 10.0

Mfg - Durable (includes Aerospace,

Computer/Office Equipment, Electronics)7 $91.3 -- $95.0 -- 5 $14.1 -- $12.0 -- 2 -- -- 7 $101.4 -- $105.0 -- 15.1 15.0

Not-for-Profit 7 $88.4 -- $73.0 -- 1 -- -- -- -- 0 -- -- 7 $90.5 -- $73.0 -- 18.7 14.0

Retail 5 $75.4 -- $73.0 -- 2 -- -- -- -- 0 -- -- 5 $79.9 -- $73.0 -- 11.8 10.0

Regions (defined in Section I - 15)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

North East Region 3 -- -- -- -- 1 -- -- -- -- 2 -- -- 3 -- -- -- -- -- --

Mid Atlantic Region 5 $83.6 -- $87.0 -- 2 -- -- -- -- 0 -- -- 5 $87.1 -- $87.4 -- 26.4 27.0

South East Region 10 $78.7 $62.0 $70.5 $96.0 3 -- -- -- -- 1 -- -- 10 $82.3 $62.0 $70.5 $112.0 15.7 10.5

Mississippi Valley Region 7 $81.9 -- $80.0 -- 4 -- -- -- -- 2 -- -- 7 $86.8 -- $80.0 -- 13.9 14.0

Mountain Region 5 $80.9 -- $72.0 -- 1 -- -- -- -- 0 -- -- 5 $82.6 -- $72.0 -- 15.0 14.0

Western Region 9 $91.2 -- $92.0 -- 7 $9.0 -- $10.5 -- 0 -- -- 9 $98.2 -- $92.0 -- 14.0 14.0

State

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

CA 5 $97.2 -- $92.0 -- 5 $6.5 -- $3.0 -- 0 -- -- 5 $103.7 -- $92.0 -- 13.4 14.0

FL 6 $65.2 -- $65.0 -- 1 -- -- -- -- 0 -- -- 6 $66.0 -- $65.0 -- 15.7 10.0

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

© 2011 Risk and Insurance Management Society, Inc. (RIMS) V - 24 US Data

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2011 Risk Management Compensation Survey

Employee Benefits/Workers Compensation Claims ManagerCombination of data from the Employee Benefits Manager & Workers' Compensation Claims Manager positions.

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

Male 28.2% Yes 23.1%

Female 64.1% No 76.9%

Did Not Indicate 7.7% Did Not Indicate 0.0%

High School/Associate Degree 23.1% Incentive Stock Options (ISOs) 55.6%

Bachelors 53.8% Non-Qualified Stock Options (NQSOs) 0.0%

MA/MS 10.3% Restricted Stock 22.2%

MBA 0.0% Stock Appreciation Rights (SARs) 0.0%

JD 2.6% Performance Shares 0.0%

MD 0.0% Performance Units 0.0%

Ph.D 0.0% Long-Term Cash 11.1%

Other 10.3% None of the Above Received 11.1%

* Only includes those eligible for LTI

Parent 61.5% Yes 69.2%

Division 17.9% No 30.8%

Subsidiary 2.6%

Single Location 7.7%

Other 10.3%

Degree Type of Long-term Incentives Received*

Type of Organization Where Employed Supervise Individuals

Gender Long-Term Incentive Eligible

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2011 Risk Management Compensation Survey

Claims Manager

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

Scope

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

All Respondents 116 $83.4 $70.2 $82.0 $96.9 70 $11.7 $5.1 $10.0 $15.0 34 16.9% 10.0% 116 $90.5 $73.4 $90.0 $104.4 15.3 15.0

Ownership Type

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Publicly Traded 49 $90.5 $78.0 $90.5 $100.0 40 $13.1 $7.3 $13.6 $16.0 23 19.7% 10.0% 49 $101.2 $80.0 $100.0 $115.0 15.4 15.0

Private 37 $76.0 $65.8 $79.0 $84.0 24 $10.7 $4.1 $7.0 $13.0 7 11.9% 10.0% 37 $83.0 $66.0 $81.5 $97.0 14.8 15.0

Government 14 $78.8 $60.0 $75.5 $96.4 0 -- -- -- -- 0 -- -- 14 $78.8 $60.0 $75.5 $96.4 17.1 18.5

Not-for-Profit 10 $85.5 $71.9 $76.3 $90.0 1 -- -- -- -- 2 -- -- 10 $86.5 $71.9 $76.3 $90.0 16.4 13.0

Revenue

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Less than $100 Million 10 $74.7 $71.0 $75.0 $80.0 6 $18.6 -- $10.5 -- 4 -- -- 10 $85.9 $71.9 $83.0 $98.0 13.6 12.0

$100 - $250 Million 6 $73.9 -- $71.5 -- 2 -- -- -- -- 3 -- -- 6 $79.4 -- $75.0 -- 14.3 13.0

$250 - $500 Million 3 -- -- -- -- 1 -- -- -- -- 0 -- -- 3 -- -- -- -- -- --

$500 Million - $1 Billion 12 $90.1 $74.3 $86.0 $103.5 6 $12.5 -- $10.7 -- 2 -- -- 12 $96.4 $77.4 $93.5 $115.0 14.8 16.0

$1 - $5 Billion 19 $82.8 $80.0 $85.0 $90.0 15 $10.2 $7.0 $10.0 $15.0 7 12.6% 10.0% 19 $90.8 $80.0 $93.5 $101.0 12.9 10.0

$5 - $10 Billion 10 $94.1 $85.0 $96.9 $112.0 10 $14.1 $11.0 $13.3 $15.0 4 -- -- 10 $108.1 $97.0 $110.8 $120.0 13.3 12.5

Greater than $10 Billion 19 $100.7 $85.0 $98.0 $103.0 17 $13.3 $8.0 $14.0 $15.0 10 27.4% 10.0% 19 $112.7 $92.0 $110.0 $125.0 17.6 16.0

Degree

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

High School/Associate Degree 17 $69.0 $58.0 $72.5 $85.0 10 $5.4 $2.0 $3.1 $8.0 5 28.0% 10.0% 17 $72.1 $60.0 $72.5 $90.0 17.2 18.0

Bachelors 72 $83.7 $72.5 $81.0 $96.6 43 $11.9 $6.7 $10.0 $16.0 17 18.3% 10.0% 72 $90.8 $75.0 $89.5 $103.4 14.8 12.0

MA/MS 2 -- -- -- -- 1 -- -- -- -- 2 -- -- 2 -- -- -- -- -- --

MBA 12 $83.6 $68.0 $79.0 $101.5 7 $19.9 -- $15.0 -- 5 10.2% 10.0% 12 $95.2 $69.0 $97.5 $116.0 13.6 12.5

JD 6 $104.9 -- $100.0 -- 5 $11.3 -- $13.0 -- 4 -- -- 6 $114.3 -- $114.0 -- 13.8 13.0

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

Supervisory Responsibility

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

No 59 $80.7 $65.5 $80.0 $97.0 35 $10.7 $4.3 $10.0 $15.0 15 17.7% 10.0% 59 $87.0 $65.8 $80.0 $105.0 12.7 11.0

1 or Fewer 19 $78.1 $71.9 $76.0 $87.0 11 $9.9 $3.5 $8.0 $16.0 6 27.2% 15.0% 19 $83.9 $73.0 $80.0 $99.0 14.4 13.0

From 1 to 3 11 $89.8 $70.4 $79.0 $104.0 6 $23.2 -- $16.0 -- 2 -- -- 11 $102.4 $70.4 $97.0 $141.0 14.9 17.0

From 3 to 5 19 $85.4 $75.0 $83.0 $100.0 14 $12.5 $7.0 $11.3 $15.0 4 -- -- 19 $94.6 $76.5 $91.0 $110.0 18.0 19.0

More than 5 13 $91.7 $80.0 $87.5 $100.0 11 $9.0 $5.1 $10.0 $12.0 7 12.4% 10.0% 13 $99.4 $86.0 $92.0 $110.0 20.8 19.0

Mitigates an organization’s exposure to risk by formulating, developing, and coordinating all claims-related activities, as well as resolving bona fide claims at the least possible cost through various risk transfer techniques. Directs a program to

ensure the proper and efficient handling of claims, gathering data on claims for both record keeping and loss forecasting purposes, and estimating the financial value of claims. Is also responsible for post loss reduction techniques such as

salvage, subrogation and rehabilitation.

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

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2011 Risk Management Compensation Survey

Claims ManagerMitigates an organization’s exposure to risk by formulating, developing, and coordinating all claims-related activities, as well as resolving bona fide claims at the least possible cost through various risk transfer techniques. Directs a program to

ensure the proper and efficient handling of claims, gathering data on claims for both record keeping and loss forecasting purposes, and estimating the financial value of claims. Is also responsible for post loss reduction techniques such as

salvage, subrogation and rehabilitation.

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

Scope

Industry

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Energy 7 $91.9 -- $90.5 -- 6 $10.3 -- $10.5 -- 5 7.4% 9.0% 7 $100.7 -- $104.1 -- 17.7 24.0

Government 14 $78.8 $60.0 $75.5 $96.4 0 -- -- -- -- 0 -- -- 14 $78.8 $60.0 $75.5 $96.4 17.1 18.5

Healthcare 9 $92.2 -- $90.0 -- 3 -- -- -- -- 2 -- -- 9 $95.9 -- $90.0 -- 11.4 10.0

Mfg - Durable (includes Aerospace,

Computer/Office Equipment, Electronics)8 $95.3 -- $92.5 -- 8 $12.2 -- $11.0 -- 4 -- -- 8 $107.5 -- $108.0 -- 11.0 13.5

Not-for-Profit 10 $85.5 $71.9 $76.3 $90.0 1 -- -- -- -- 2 -- -- 10 $86.5 $71.9 $76.3 $90.0 16.4 13.0

Real Estate 9 $68.4 -- $63.0 -- 7 $8.9 -- $7.5 -- 2 -- -- 9 $75.4 -- $65.5 -- 11.1 11.0

Retail 10 $85.1 $69.0 $82.5 $96.8 8 $13.6 -- $15.0 -- 3 -- -- 10 $96.0 $80.0 $97.5 $103.0 13.2 9.0

Service 6 $81.5 -- $77.5 -- 3 -- -- -- -- 2 -- -- 6 $85.2 -- $83.8 -- 13.5 17.0

Transportation 11 $91.2 $79.0 $87.5 $99.0 8 $19.5 -- $10.5 -- 2 -- -- 11 $105.4 $84.5 $92.0 $125.0 18.1 19.0

Utilities 5 $82.4 -- $76.0 -- 3 -- -- -- -- 3 -- -- 5 $88.9 -- $76.0 -- 22.2 20.0

Other 6 $78.9 -- $79.3 -- 5 $5.9 -- $3.5 -- 2 -- -- 6 $83.9 -- $84.5 -- 11.7 12.0

Regions (defined in Section I - 15)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

North East Region 7 $89.1 -- $90.0 -- 4 -- -- -- -- 2 -- -- 7 $97.7 -- $90.0 -- 12.9 12.0

Mid Atlantic Region 17 $85.8 $75.0 $85.0 $98.0 9 $11.9 -- $11.0 -- 4 -- -- 17 $92.1 $80.0 $88.0 $102.7 16.6 17.0

South East Region 14 $76.4 $59.5 $75.0 $83.0 8 $12.6 -- $13.0 -- 5 14.6% 15.0% 14 $83.7 $59.5 $78.3 $99.0 10.8 5.5

Mississippi Valley Region 28 $85.0 $72.0 $80.0 $100.5 18 $11.1 $3.5 $10.0 $16.2 9 20.2% 9.0% 28 $92.1 $73.8 $85.5 $113.5 15.1 15.0

Mountain Region 33 $80.1 $67.0 $83.0 $90.5 23 $11.4 $5.0 $7.5 $14.0 13 17.3% 10.0% 33 $88.0 $70.4 $92.0 $100.0 17.0 19.0

Western Region 17 $88.5 $75.0 $82.5 $97.5 8 $11.4 -- $11.0 -- 1 -- -- 17 $93.8 $75.0 $94.0 $100.0 15.8 11.0

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

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2011 Risk Management Compensation Survey

Claims ManagerMitigates an organization’s exposure to risk by formulating, developing, and coordinating all claims-related activities, as well as resolving bona fide claims at the least possible cost through various risk transfer techniques. Directs a program to

ensure the proper and efficient handling of claims, gathering data on claims for both record keeping and loss forecasting purposes, and estimating the financial value of claims. Is also responsible for post loss reduction techniques such as

salvage, subrogation and rehabilitation.

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

Scope

State

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

CA 10 $90.6 $70.0 $92.0 $97.5 5 $10.6 -- $12.0 -- 1 -- -- 10 $95.9 $70.0 $95.5 $103.0 13.5 12.5

FL 8 $62.9 -- $61.3 -- 2 -- -- -- -- 1 -- -- 8 $64.5 -- $66.3 -- 8.9 5.0

IL 15 $89.0 $72.0 $90.6 $103.0 10 $15.0 $10.0 $15.1 $23.0 5 10.0% 8.0% 15 $99.0 $75.0 $107.6 $125.0 13.3 12.0

MN 6 $86.6 -- $86.5 -- 4 -- -- -- -- 3 -- -- 6 $92.1 -- $91.8 -- 18.0 20.0

PA 6 $84.6 -- $78.0 -- 3 -- -- -- -- 1 -- -- 6 $88.7 -- $78.8 -- 16.7 17.5

TX 21 $83.0 $70.4 $85.0 $92.0 16 $9.3 $5.9 $7.8 $14.5 10 19.8% 10.0% 21 $90.1 $73.7 $94.5 $100.0 18.0 19.5

Metro Area

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Chicago-Gary-Kenosha, IL-IN-WI 13 $92.0 $75.0 $100.0 $103.0 9 $14.7 -- $14.0 -- 5 10.0% 8.0% 13 $102.2 $78.3 $110.0 $125.0 13.4 12.0

Dallas-Fort Worth, TX 7 $81.0 -- $85.0 -- 4 -- -- -- -- 3 -- -- 7 $85.8 -- $98.0 -- 15.0 11.0

Houston-Galveston-Brazoria, TX 11 $85.1 $82.0 $85.0 $92.0 10 $10.3 $7.0 $10.5 $15.0 5 10.8% 10.0% 11 $94.5 $92.0 $94.5 $99.0 19.5 24.0

Minneapolis-St. Paul, MN-WI 6 $86.6 -- $86.5 -- 4 -- -- -- -- 3 -- -- 6 $92.1 -- $91.8 -- 18.0 20.0

San Francisco-Oakland-San Jose, CA 5 $100.8 -- $96.4 -- 2 -- -- -- -- 0 -- -- 5 $106.2 -- $96.4 -- 13.8 15.0

Washington-Baltimore, DC-MD-VA-WV 6 $97.8 -- $98.5 -- 2 -- -- -- -- 1 -- -- 6 $104.6 -- $100.4 -- 21.7 24.0

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

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Claims ManagerMitigates an organization’s exposure to risk by formulating, developing, and coordinating all claims-related activities, as well as resolving bona fide claims at the least possible cost through various risk transfer techniques. Directs a program to

ensure the proper and efficient handling of claims, gathering data on claims for both record keeping and loss forecasting purposes, and estimating the financial value of claims. Is also responsible for post loss reduction techniques such as

salvage, subrogation and rehabilitation.Respondent Characteristics

Male 49.1% Yes 26.7%

Female 50.0% No 73.3%

Did Not Indicate 0.9% Did Not Indicate 0.0%

High School/Associate Degree 14.7% Incentive Stock Options (ISOs) 0.0%

Bachelors 62.1% Non-Qualified Stock Options (NQSOs) 0.0%

MA/MS 1.7% Restricted Stock 0.0%

MBA 10.3% Stock Appreciation Rights (SARs) 0.0%

JD 5.2% Performance Shares 0.0%

MD 0.0% Performance Units 0.0%

Ph.D 0.0% Long-Term Cash 0.0%

Other 6.0% None of the Above Received 0.0%

* Only includes those eligible for LTI

Parent 70.7% Yes 49.1%

Division 12.9% No 50.9%

Subsidiary 7.8%

Single Location 6.9%

Other 1.7%

Degree Type of Long-term Incentives Received*

Type of Organization Where Employed Supervise Individuals

Gender Long-Term Incentive Eligible

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Environmental, Health or Safety Manager

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

Scope

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

All Respondents 29 $91.6 $69.0 $94.8 $104.0 16 $8.9 $3.5 $6.6 $11.7 12 10.2% 10.0% 29 $96.5 $72.0 $96.0 $106.6 15.0 13.0

Ownership Type

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Publicly Traded 9 $110.5 -- $94.8 -- 8 $11.6 -- $9.8 -- 5 12.8% 12.0% 9 $120.8 -- $106.6 -- 13.6 12.0

Private 11 $85.5 $68.5 $80.0 $100.0 7 $4.1 -- $4.0 -- 6 8.8% 10.0% 11 $88.1 $69.0 $80.7 $106.0 17.2 15.0

Government 6 $71.2 -- $64.0 -- 0 -- -- -- -- 1 -- -- 6 $71.2 -- $64.0 -- 15.3 12.5

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

Revenue

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Less than $100 Million 5 $72.1 -- $72.0 -- 0 -- -- -- -- 1 -- -- 5 $72.1 -- $72.0 -- 12.0 10.0

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

$250 - $500 Million 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --

$500 Million - $1 Billion 7 $90.3 -- $98.0 -- 3 -- -- -- -- 4 -- -- 7 $92.9 -- $98.0 -- 17.4 15.0

$1 - $5 Billion 5 $98.6 -- $94.8 -- 3 -- -- -- -- 2 -- -- 5 $107.5 -- $106.3 -- 9.0 8.0

$5 - $10 Billion 4 -- -- -- -- 4 -- -- -- -- 1 -- -- 4 -- -- -- -- -- --

Greater than $10 Billion 3 -- -- -- -- 2 -- -- -- -- 1 -- -- 3 -- -- -- -- -- --

Degree

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

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

Bachelors 15 $96.8 $69.0 $96.0 $130.0 7 $12.7 -- $8.0 -- 5 10.0% 10.0% 15 $102.7 $72.0 $96.0 $150.0 15.2 15.0

MA/MS 6 $75.3 -- $68.5 -- 1 -- -- -- -- 2 -- -- 6 $76.0 -- $70.5 -- 14.3 10.5

MBA 5 $100.4 -- $94.8 -- 5 $7.2 -- $6.0 -- 3 -- -- 5 $107.6 -- $106.6 -- 14.4 8.0

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

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

Supervisory Responsibility

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

No 8 $70.7 -- $70.5 -- 3 -- -- -- -- 3 -- -- 8 $72.2 -- $72.0 -- 18.3 16.0

1 or Fewer 7 $79.1 -- $75.0 -- 6 $7.6 -- $7.0 -- 6 10.3% 11.5% 7 $85.6 -- $83.0 -- 14.1 12.0

From 1 to 3 4 -- -- -- -- 1 -- -- -- -- 1 -- -- 4 -- -- -- -- -- --

From 3 to 5 6 $93.3 -- $95.4 -- 3 -- -- -- -- 3 -- -- 6 $97.5 -- $97.7 -- 7.8 8.0

More than 5 6 $115.1 -- $111.5 -- 4 -- -- -- -- 1 -- -- 6 $122.2 -- $118.0 -- 12.7 12.5

Formulates, develops, and coordinates safety and loss control functions of the organization. Designs and directs a program to reduce accidents, occupational illnesses, and exposure to long-term health hazards through safety-training of

supervisors and managers, planned inspections, skill training, first-aid care, emergency preparedness, proper job instruction, new employee indoctrination, physical protection, planned job observation, rules and practices, job

analysis/procedures, disposal procedures, and protective equipment. Maintains compliance with governmental regulatory agencies. Responsible for identifying causes of past accidents for taking corrective measures.

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

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Environmental, Health or Safety ManagerFormulates, develops, and coordinates safety and loss control functions of the organization. Designs and directs a program to reduce accidents, occupational illnesses, and exposure to long-term health hazards through safety-training of

supervisors and managers, planned inspections, skill training, first-aid care, emergency preparedness, proper job instruction, new employee indoctrination, physical protection, planned job observation, rules and practices, job

analysis/procedures, disposal procedures, and protective equipment. Maintains compliance with governmental regulatory agencies. Responsible for identifying causes of past accidents for taking corrective measures.

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

Scope

Industry

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Government 6 $71.2 -- $64.0 -- 0 -- -- -- -- 1 -- -- 6 $71.2 -- $64.0 -- 15.3 12.5

Regions (defined in Section I - 15)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

North East Region 1 -- -- -- -- 1 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --

Mid Atlantic Region 3 -- -- -- -- 2 -- -- -- -- 1 -- -- 3 -- -- -- -- -- --

South East Region 7 $85.9 -- $72.0 -- 4 -- -- -- -- 2 -- -- 7 $89.0 -- $79.2 -- 13.3 15.0

Mississippi Valley Region 5 $81.8 -- $79.2 -- 2 -- -- -- -- 3 -- -- 5 $86.1 -- $80.7 -- 18.2 18.0

Mountain Region 6 $84.3 -- $84.9 -- 4 -- -- -- -- 5 10.2% 12.0% 6 $90.0 -- $91.5 -- 15.0 11.0

Western Region 7 $110.1 -- $104.0 -- 3 -- -- -- -- 1 -- -- 7 $117.8 -- $104.0 -- 12.3 12.0

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

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2011 Risk Management Compensation Survey

Environmental, Health or Safety ManagerFormulates, develops, and coordinates safety and loss control functions of the organization. Designs and directs a program to reduce accidents, occupational illnesses, and exposure to long-term health hazards through safety-training of

supervisors and managers, planned inspections, skill training, first-aid care, emergency preparedness, proper job instruction, new employee indoctrination, physical protection, planned job observation, rules and practices, job

analysis/procedures, disposal procedures, and protective equipment. Maintains compliance with governmental regulatory agencies. Responsible for identifying causes of past accidents for taking corrective measures.Respondent Characteristics

Male 86.2% Yes 20.7%

Female 13.8% No 79.3%

Did Not Indicate 0.0% Did Not Indicate 0.0%

High School/Associate Degree 10.3% Incentive Stock Options (ISOs) 0.0%

Bachelors 51.7% Non-Qualified Stock Options (NQSOs) 33.3%

MA/MS 20.7% Restricted Stock 66.7%

MBA 17.2% Stock Appreciation Rights (SARs) 0.0%

JD 0.0% Performance Shares 0.0%

MD 0.0% Performance Units 0.0%

Ph.D 0.0% Long-Term Cash 16.7%

Other 0.0% None of the Above Received 0.0%

* Only includes those eligible for LTI

Parent 69.0% Yes 72.4%

Division 10.3% No 27.6%

Subsidiary 0.0%

Single Location 13.8%

Other 6.9%

Degree Type of Long-term Incentives Received*

Type of Organization Where Employed Supervise Individuals

Gender Long-Term Incentive Eligible

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Risk Management Analyst (Enterprise-Wide)

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

Scope

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

All Respondents 81 $71.6 $58.4 $70.0 $82.5 47 $5.9 $2.0 $3.0 $9.0 19 15.6% 10.0% 81 $75.0 $60.0 $70.0 $85.0 9.7 7.0

Ownership Type

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Publicly Traded 36 $66.8 $57.0 $65.4 $73.3 28 $6.0 $2.3 $3.6 $9.0 12 9.8% 10.0% 36 $71.5 $59.7 $67.8 $79.3 8.5 6.0

Private 21 $74.6 $60.0 $76.0 $87.0 12 $6.5 $2.0 $4.0 $10.0 6 13.2% 12.5% 21 $78.3 $60.0 $78.0 $90.0 11.4 12.5

Government 10 $80.5 $64.6 $73.0 $85.0 1 -- -- -- -- 0 -- -- 10 $80.8 $64.6 $73.0 $85.0 12.9 14.5

Not-for-Profit 12 $71.7 $63.0 $72.0 $79.0 4 -- -- -- -- 1 -- -- 12 $72.2 $63.5 $72.5 $79.0 7.2 7.5

Revenue

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Less than $100 Million 4 -- -- -- -- 1 -- -- -- -- 0 -- -- 4 -- -- -- -- -- --

$100 - $250 Million 5 $74.5 -- $82.0 -- 2 -- -- -- -- 1 -- -- 5 $76.1 -- $82.0 -- 8.3 3.0

$250 - $500 Million 5 $67.2 -- $61.0 -- 4 -- -- -- -- 0 -- -- 5 $68.5 -- $62.0 -- 13.9 14.0

$500 Million - $1 Billion 5 $63.8 -- $62.0 -- 3 -- -- -- -- 1 -- -- 5 $67.2 -- $62.0 -- 8.9 5.0

$1 - $5 Billion 19 $73.0 $56.0 $67.0 $90.0 13 $4.7 $1.5 $3.0 $4.0 1 -- -- 19 $76.2 $60.0 $68.0 $90.0 9.2 7.0

$5 - $10 Billion 11 $72.0 $62.5 $65.7 $75.0 7 $6.5 -- $5.0 -- 4 -- -- 11 $76.2 $63.0 $68.0 $89.0 8.1 6.0

Greater than $10 Billion 13 $78.4 $70.0 $76.0 $88.0 9 $10.2 -- $8.0 -- 6 10.8% 11.0% 13 $85.4 $70.0 $76.0 $99.2 10.5 6.5

Degree

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

High School/Associate Degree 9 $65.3 -- $61.0 -- 4 -- -- -- -- 2 -- -- 9 $66.9 -- $63.0 -- 13.4 13.0

Bachelors 50 $69.7 $57.0 $65.9 $76.0 29 $5.8 $2.5 $3.0 $8.0 9 19.9% 10.0% 50 $73.0 $60.0 $68.0 $82.0 8.8 7.0

MA/MS 5 $84.4 -- $85.0 -- 5 $3.5 -- $3.0 -- 1 -- -- 5 $87.9 -- $86.5 -- 16.9 15.0

MBA 13 $79.7 $72.0 $80.0 $87.5 8 $7.9 -- $8.3 -- 5 13.0% 12.0% 13 $84.6 $72.0 $83.3 $92.0 8.9 7.0

JD 2 -- -- -- -- 1 -- -- -- -- 2 -- -- 2 -- -- -- -- -- --

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

Supervisory Responsibility

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

No 66 $69.9 $57.0 $65.9 $79.0 42 $6.2 $2.0 $3.0 $9.0 18 15.9% 10.0% 66 $73.8 $59.4 $68.0 $83.1 8.9 7.0

1 or Fewer 7 $75.3 -- $82.0 -- 3 -- -- -- -- 0 -- -- 7 $77.1 -- $82.0 -- 11.9 6.5

From 1 to 3 6 $82.6 -- $78.8 -- 1 -- -- -- -- 0 -- -- 6 $82.7 -- $79.2 -- 15.9 17.5

From 3 to 5 13 $77.7 $66.0 $78.0 $87.5 7 $8.0 -- $8.7 -- 4 -- -- 13 $82.0 $68.0 $78.0 $95.7 11.3 9.0

More than 5 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

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

management issues and developing methodologies for the assessment of risks throughout the organization.

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

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Risk Management Analyst (Enterprise-Wide)Supports the risk manager regarding all aspects of the enterprise-wide risk management program. Responsibilities include facilitating the identification of risks throughout the organization, developing, reporting and monitoring formats on risk

management issues and developing methodologies for the assessment of risks throughout the organization.Cash Compensation (All dollar amounts are displayed in USD $000s)

Scope

Industry

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Education 8 $71.9 -- $71.5 -- 1 -- -- -- -- 1 -- -- 8 $73.6 -- $71.5 -- 9.8 8.0

Energy 9 $77.1 -- $67.0 -- 7 $9.5 -- $9.0 -- 2 -- -- 9 $84.5 -- $68.0 -- 8.8 7.0

Government 10 $80.5 $64.6 $73.0 $85.0 1 -- -- -- -- 0 -- -- 10 $80.8 $64.6 $73.0 $85.0 12.9 14.5

Insurance 6 $80.4 -- $84.8 -- 4 -- -- -- -- 1 -- -- 6 $85.5 -- $86.7 -- 10.2 12.0

Mfg - Durable (includes Aerospace,

Computer/Office Equipment, Electronics)6 $69.2 -- $71.0 -- 6 $4.3 -- $2.8 -- 2 -- -- 6 $73.5 -- $73.8 -- 5.7 5.0

Not-for-Profit 12 $71.7 $63.0 $72.0 $79.0 4 -- -- -- -- 1 -- -- 12 $72.2 $63.5 $72.5 $79.0 7.2 7.5

Regions (defined in Section I - 15)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

North East Region 3 -- -- -- -- 3 -- -- -- -- 1 -- -- 3 -- -- -- -- -- --

Mid Atlantic Region 16 $74.2 $61.8 $71.3 $84.5 11 $4.7 $1.5 $2.0 $8.0 2 -- -- 16 $77.5 $62.8 $73.0 $88.3 10.2 8.8

South East Region 4 -- -- -- -- 1 -- -- -- -- 1 -- -- 4 -- -- -- -- -- --

Mississippi Valley Region 21 $67.5 $58.0 $65.0 $79.0 11 $6.5 $3.0 $4.0 $11.2 8 9.1% 9.0% 21 $70.9 $60.0 $65.0 $83.1 9.6 7.0

Mountain Region 17 $67.0 $55.0 $60.0 $74.0 11 $7.0 $2.5 $2.9 $12.0 4 -- -- 17 $71.5 $57.2 $65.8 $82.0 10.4 11.0

Western Region 20 $75.9 $65.0 $72.0 $81.5 10 $4.7 $1.6 $3.0 $5.0 3 -- -- 20 $78.2 $65.9 $72.5 $81.5 9.5 8.0

State

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

CA 8 $76.1 -- $69.0 -- 6 $5.4 -- $2.3 -- 2 -- -- 8 $80.1 -- $69.8 -- 8.1 6.5

OR 6 $83.1 -- $75.5 -- 1 -- -- -- -- 0 -- -- 6 $83.6 -- $75.5 -- 9.8 10.5

PA 10 $73.4 $61.0 $70.0 $84.0 6 $5.8 -- $3.0 -- 1 -- -- 10 $76.8 $62.5 $71.0 $86.5 9.1 5.8

TX 8 $70.4 -- $68.3 -- 4 -- -- -- -- 1 -- -- 8 $75.9 -- $70.3 -- 10.3 11.0

Metro Area

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Houston-Galveston-Brazoria, TX 5 $72.6 -- $67.0 -- 3 -- -- -- -- 1 -- -- 5 $80.8 -- $82.0 -- 10.8 11.0

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

MD6 $76.0 -- $73.0 -- 3 -- -- -- -- 0 -- -- 6 $79.8 -- $73.0 -- 8.8 8.8

Portland-Salem, OR-WA 6 $83.1 -- $75.5 -- 1 -- -- -- -- 0 -- -- 6 $83.6 -- $75.5 -- 9.8 10.5

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

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2011 Risk Management Compensation Survey

Risk Management Analyst (Enterprise-Wide)Supports the risk manager regarding all aspects of the enterprise-wide risk management program. Responsibilities include facilitating the identification of risks throughout the organization, developing, reporting and monitoring formats on risk

management issues and developing methodologies for the assessment of risks throughout the organization.Respondent Characteristics

Male 42.0% Yes 16.0%

Female 50.6% No 84.0%

Did Not Indicate 7.4% Did Not Indicate 0.0%

High School/Associate Degree 11.1% Incentive Stock Options (ISOs) 38.5%

Bachelors 61.7% Non-Qualified Stock Options (NQSOs) 0.0%

MA/MS 6.2% Restricted Stock 23.1%

MBA 16.0% Stock Appreciation Rights (SARs) 0.0%

JD 2.5% Performance Shares 7.7%

MD 0.0% Performance Units 0.0%

Ph.D 1.2% Long-Term Cash 15.4%

Other 1.2% None of the Above Received 23.1%

* Only includes those eligible for LTI

Parent 69.1% Yes 18.5%

Division 7.4% No 81.5%

Subsidiary 4.9%

Single Location 8.6%

Other 9.9%

Degree Type of Long-term Incentives Received*

Type of Organization Where Employed Supervise Individuals

Gender Long-Term Incentive Eligible

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2011 Risk Management Compensation Survey

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2011 Risk Management Compensation Survey

Risk Management Analyst

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

Scope

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

All Respondents 175 $66.4 $55.0 $65.0 $76.0 102 $5.9 $2.4 $3.9 $6.5 45 14.5% 10.0% 175 $69.8 $56.2 $66.4 $81.0 10.0 8.0

Ownership Type

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Publicly Traded 93 $67.5 $56.0 $65.0 $76.5 61 $5.5 $3.0 $4.0 $6.5 30 16.4% 10.0% 93 $71.1 $57.0 $67.5 $80.0 9.4 7.0

Private 49 $66.4 $55.0 $65.0 $75.0 34 $7.2 $2.0 $3.7 $7.4 13 11.0% 10.0% 49 $71.4 $57.0 $68.0 $82.4 9.2 8.0

Government 10 $66.2 $60.0 $65.0 $72.0 0 -- -- -- -- 1 -- -- 10 $66.2 $60.0 $65.0 $72.0 15.9 18.5

Not-for-Profit 17 $59.1 $45.0 $60.0 $66.0 4 -- -- -- -- 1 -- -- 17 $60.0 $45.0 $60.9 $68.4 12.5 14.0

Revenue

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Less than $100 Million 13 $64.6 $56.1 $65.0 $73.0 5 $6.4 -- $5.0 -- 1 -- -- 13 $67.0 $57.0 $65.0 $82.5 13.8 10.0

$100 - $250 Million 3 -- -- -- -- 2 -- -- -- -- 0 -- -- 3 -- -- -- -- -- --

$250 - $500 Million 6 $71.0 -- $77.2 -- 4 -- -- -- -- 3 -- -- 6 $74.9 -- $84.7 -- 9.3 9.0

$500 Million - $1 Billion 17 $63.6 $60.0 $61.0 $65.0 11 $6.0 $2.5 $4.0 $8.0 6 9.5% 7.5% 17 $67.5 $61.0 $64.0 $70.0 8.8 5.0

$1 - $5 Billion 54 $66.8 $55.0 $65.0 $75.0 35 $4.1 $1.5 $3.1 $4.1 13 18.8% 10.0% 54 $69.5 $56.0 $68.1 $81.4 9.6 8.0

$5 - $10 Billion 25 $70.4 $60.0 $69.0 $80.0 15 $9.7 $3.0 $4.7 $10.0 7 9.3% 10.0% 25 $76.3 $60.9 $70.0 $89.0 10.3 7.0

Greater than $10 Billion 29 $72.9 $56.6 $70.0 $83.0 21 $7.3 $4.0 $5.0 $9.0 11 17.1% 10.0% 29 $78.2 $60.8 $72.5 $89.0 9.6 8.0

Degree

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

High School/Associate Degree 22 $64.3 $57.0 $64.0 $71.0 14 $3.3 $2.0 $3.0 $4.5 2 -- -- 22 $66.4 $60.2 $67.2 $73.0 13.2 10.5

Bachelors 107 $65.2 $53.0 $62.0 $75.0 60 $6.6 $2.1 $3.8 $7.7 26 13.1% 10.0% 107 $69.0 $54.3 $63.5 $78.0 8.4 7.0

MA/MS 12 $69.6 $64.0 $71.0 $79.5 8 $3.3 -- $2.5 -- 6 29.2% 11.0% 12 $71.8 $69.0 $72.3 $79.5 13.3 13.0

MBA 24 $72.1 $61.5 $70.0 $81.3 15 $6.5 $3.9 $5.0 $8.0 9 10.4% 10.0% 24 $76.1 $63.0 $73.7 $87.0 10.5 9.5

JD 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --

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

Supervisory Responsibility

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

No 158 $65.9 $54.3 $64.5 $75.0 97 $5.9 $2.4 $3.8 $6.1 42 14.9% 10.0% 158 $69.5 $55.0 $65.9 $81.4 9.9 7.5

1 or Fewer 8 $66.5 -- $66.1 -- 2 -- -- -- -- 1 -- -- 8 $67.2 -- $67.0 -- 13.0 11.0

From 1 to 3 8 $75.9 -- $79.0 -- 3 -- -- -- -- 2 -- -- 8 $79.0 -- $79.0 -- 9.6 9.5

From 3 to 5 34 $66.3 $56.6 $64.5 $70.5 24 $4.8 $2.5 $3.5 $6.1 8 20.8% 10.0% 34 $69.7 $60.8 $68.0 $73.5 8.5 6.0

More than 5 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Supports the risk manager regarding all aspects of a financial risk management and/or corporate insurance program. Responsibilities include the development, implementation and application of risk metrics and methodologies and the

monitoring, analysis and reporting of financial risk exposures. Responsibilities may also include compilation of underwriting information and coverage placement, claims administration, loss forecasting, and analysis to assist in loss reduction.

Supports organizational compliance with risk policies through regular risk exposure monitoring and reporting. Responsible for documenting and reporting risk policy exceptions to risk committee.

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

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2011 Risk Management Compensation Survey

Risk Management AnalystSupports the risk manager regarding all aspects of a financial risk management and/or corporate insurance program. Responsibilities include the development, implementation and application of risk metrics and methodologies and the

monitoring, analysis and reporting of financial risk exposures. Responsibilities may also include compilation of underwriting information and coverage placement, claims administration, loss forecasting, and analysis to assist in loss reduction.

Supports organizational compliance with risk policies through regular risk exposure monitoring and reporting. Responsible for documenting and reporting risk policy exceptions to risk committee.

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

Scope

Industry

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Chemical/Pharmaceutical/Biotechnology 11 $89.1 $70.0 $87.5 $110.0 9 $10.2 -- $12.0 -- 5 8.8% 6.0% 11 $97.4 $72.5 $92.0 $129.0 12.5 10.0

Construction/Engineering/Architectural 8 $66.2 -- $67.5 -- 4 -- -- -- -- 2 -- -- 8 $69.2 -- $67.5 -- 8.3 10.0

Education 6 $60.2 -- $62.6 -- 1 -- -- -- -- 1 -- -- 6 $60.6 -- $62.6 -- 14.2 10.0

Energy 9 $66.7 -- $60.0 -- 8 $7.9 -- $4.8 -- 5 12.0% 12.0% 9 $73.7 -- $64.0 -- 12.0 12.0

Finance/Banking 8 $63.7 -- $63.5 -- 7 $5.7 -- $4.8 -- 4 -- -- 8 $68.6 -- $69.4 -- 12.0 12.0

Government 10 $66.2 $60.0 $65.0 $72.0 0 -- -- -- -- 1 -- -- 10 $66.2 $60.0 $65.0 $72.0 15.9 18.5

Healthcare 7 $60.4 -- $60.9 -- 3 -- -- -- -- 0 -- -- 7 $62.3 -- $60.9 -- 9.1 5.0

Insurance 14 $61.4 $53.0 $58.0 $70.0 10 $4.0 $2.2 $3.9 $5.0 1 -- -- 14 $64.2 $54.9 $61.1 $75.0 5.8 4.0

Mfg - Durable (includes Aerospace,

Computer/Office Equipment, Electronics)17 $64.4 $53.5 $65.0 $71.0 13 $3.5 $1.0 $3.2 $5.0 3 -- -- 17 $67.1 $56.7 $66.4 $75.0 13.4 11.0

Mfg - Nondurable (includes Food, Paper & Allied

Products)8 $62.3 -- $59.0 -- 2 -- -- -- -- 0 -- -- 8 $62.6 -- $59.9 -- 6.1 7.0

Not-for-Profit 17 $59.1 $45.0 $60.0 $66.0 4 -- -- -- -- 1 -- -- 17 $60.0 $45.0 $60.9 $68.4 12.5 14.0

Real Estate 5 $65.4 -- $60.0 -- 4 -- -- -- -- 2 -- -- 5 $71.7 -- $66.0 -- 7.4 6.0

Retail 8 $71.2 -- $71.8 -- 3 -- -- -- -- 2 -- -- 8 $72.5 -- $74.1 -- 10.6 11.0

Transportation 8 $64.2 -- $58.0 -- 3 -- -- -- -- 3 -- -- 8 $67.2 -- $61.0 -- 7.8 5.3

Utilities 16 $67.0 $54.5 $63.0 $81.5 12 $4.4 $2.5 $3.0 $6.1 5 26.8% 10.0% 16 $70.3 $57.3 $65.7 $84.5 11.8 10.0

Other 6 $72.0 -- $76.0 -- 3 -- -- -- -- 0 -- -- 6 $72.8 -- $77.0 -- 8.9 7.5

Regions (defined in Section I - 15)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

North East Region 22 $70.0 $64.0 $67.5 $80.0 16 $4.8 $3.3 $4.8 $6.1 5 10.0% 10.0% 22 $73.5 $65.8 $70.1 $86.0 9.8 7.5

Mid Atlantic Region 25 $64.0 $55.0 $63.0 $73.8 13 $4.2 $2.5 $3.9 $4.8 5 7.8% 8.0% 25 $66.2 $57.5 $65.0 $74.6 9.2 8.0

South East Region 20 $59.3 $52.1 $56.1 $64.0 10 $3.8 $2.2 $3.4 $5.0 5 25.8% 8.0% 20 $61.2 $54.1 $58.4 $64.0 9.0 9.5

Mississippi Valley Region 48 $63.6 $53.0 $60.5 $70.5 25 $3.9 $1.2 $3.2 $4.7 12 18.7% 10.0% 48 $65.6 $53.9 $61.5 $72.3 10.0 7.5

Mountain Region 28 $69.9 $60.3 $69.0 $77.5 19 $10.3 $3.0 $4.5 $12.0 9 14.1% 15.0% 28 $76.9 $62.5 $71.8 $83.7 11.2 10.0

Western Region 32 $71.6 $60.5 $70.0 $83.3 19 $7.1 $1.5 $4.0 $15.0 9 9.1% 8.0% 32 $75.9 $61.9 $71.0 $86.5 10.3 7.0

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

© 2011 Risk and Insurance Management Society, Inc. (RIMS) V - 40 US Data

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2011 Risk Management Compensation Survey

Risk Management AnalystSupports the risk manager regarding all aspects of a financial risk management and/or corporate insurance program. Responsibilities include the development, implementation and application of risk metrics and methodologies and the

monitoring, analysis and reporting of financial risk exposures. Responsibilities may also include compilation of underwriting information and coverage placement, claims administration, loss forecasting, and analysis to assist in loss reduction.

Supports organizational compliance with risk policies through regular risk exposure monitoring and reporting. Responsible for documenting and reporting risk policy exceptions to risk committee.

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

Scope

State

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

CA 16 $75.1 $61.0 $71.0 $84.9 9 $8.7 -- $5.0 -- 5 7.4% 7.0% 16 $80.0 $62.5 $72.3 $93.7 10.3 7.0

FL 9 $61.2 -- $60.0 -- 3 -- -- -- -- 1 -- -- 9 $62.2 -- $62.2 -- 10.1 10.0

GA 5 $59.8 -- $56.1 -- 4 -- -- -- -- 2 -- -- 5 $63.1 -- $56.1 -- 5.5 5.0

IL 15 $62.7 $50.0 $56.0 $70.0 5 $3.1 -- $3.0 -- 5 9.0% 10.0% 15 $63.7 $50.0 $56.0 $71.5 10.6 6.0

MI 11 $70.5 $56.0 $62.5 $89.0 8 $3.5 -- $2.3 -- 3 -- -- 11 $73.0 $59.5 $63.2 $89.0 6.8 7.0

NC 9 $64.4 -- $58.1 -- 7 $5.1 -- $3.9 -- 3 -- -- 9 $68.4 -- $62.0 -- 12.6 10.0

NJ 9 $72.4 -- $72.9 -- 6 $5.1 -- $4.3 -- 1 -- -- 9 $75.8 -- $72.9 -- 12.6 10.0

NY 9 $67.4 -- $65.0 -- 7 $4.6 -- $4.5 -- 4 -- -- 9 $71.0 -- $70.0 -- 6.6 5.0

OH 9 $58.6 -- $56.6 -- 5 $4.8 -- $3.8 -- 3 -- -- 9 $61.3 -- $60.8 -- 11.4 10.0

PA 10 $65.4 $56.0 $66.5 $70.0 4 -- -- -- -- 1 -- -- 10 $66.7 $60.0 $66.5 $72.8 7.9 6.5

TX 20 $74.8 $65.0 $72.3 $79.2 15 $8.0 $3.1 $5.0 $12.0 7 15.3% 15.0% 20 $80.7 $66.6 $76.3 $85.7 13.0 12.5

WI 5 $55.2 -- $54.0 -- 2 -- -- -- -- 0 -- -- 5 $56.0 -- $54.0 -- 6.9 3.5

Metro Area

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Atlanta, GA 5 $59.8 -- $56.1 -- 4 -- -- -- -- 2 -- -- 5 $63.1 -- $56.1 -- 5.5 5.0

Chicago-Gary-Kenosha, IL-IN-WI 12 $65.8 $52.2 $62.0 $75.1 4 -- -- -- -- 5 9.0% 10.0% 12 $67.0 $52.2 $66.0 $76.5 11.3 6.5

Cleveland-Akron, OH 5 $49.1 -- $50.0 -- 3 -- -- -- -- 2 -- -- 5 $51.4 -- $53.7 -- 8.8 10.0

Dallas-Fort Worth, TX 6 $62.8 -- $63.5 -- 4 -- -- -- -- 2 -- -- 6 $65.9 -- $66.0 -- 15.4 15.0

Detroit-Ann Arbor-Flint, MI 9 $68.9 -- $62.5 -- 6 $2.1 -- $1.5 -- 2 -- -- 9 $70.3 -- $63.2 -- 6.0 6.0

Houston-Galveston-Brazoria, TX 12 $80.5 $67.5 $77.5 $90.0 11 $9.1 $3.1 $5.5 $14.0 5 16.0% 15.0% 12 $88.9 $72.5 $83.7 $99.8 11.4 11.0

Los Angeles-Riverside-Orange County, CA 8 $66.4 -- $70.0 -- 4 -- -- -- -- 3 -- -- 8 $67.3 -- $71.0 -- 12.3 7.0

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

NJ-CT-PA18 $69.9 $64.0 $67.5 $80.0 13 $4.9 $3.5 $4.5 $6.0 5 10.0% 10.0% 18 $73.4 $65.8 $70.1 $86.0 9.6 7.5

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

MD10 $63.5 $56.0 $64.0 $68.0 5 $3.8 -- $4.0 -- 2 -- -- 10 $65.4 $60.0 $65.5 $70.0 8.2 7.0

Raleigh-Durham-Chapel Hill, NC 6 $65.9 -- $64.3 -- 5 $4.5 -- $3.9 -- 3 -- -- 6 $69.6 -- $68.3 -- 13.0 12.5

San Francisco-Oakland-San Jose, CA 7 $84.0 -- $84.9 -- 4 -- -- -- -- 2 -- -- 7 $92.0 -- $89.9 -- 7.8 6.0

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

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2011 Risk Management Compensation Survey

Risk Management AnalystSupports the risk manager regarding all aspects of a financial risk management and/or corporate insurance program. Responsibilities include the development, implementation and application of risk metrics and methodologies and the

monitoring, analysis and reporting of financial risk exposures. Responsibilities may also include compilation of underwriting information and coverage placement, claims administration, loss forecasting, and analysis to assist in loss reduction.

Supports organizational compliance with risk policies through regular risk exposure monitoring and reporting. Responsible for documenting and reporting risk policy exceptions to risk committee.

Respondent Characteristics

Male 27.4% Yes 11.4%

Female 71.4% No 88.6%

Did Not Indicate 1.1% Did Not Indicate 0.0%

High School/Associate Degree 12.6% Incentive Stock Options (ISOs) 25.0%

Bachelors 61.1% Non-Qualified Stock Options (NQSOs) 5.0%

MA/MS 6.9% Restricted Stock 30.0%

MBA 13.7% Stock Appreciation Rights (SARs) 15.0%

JD 0.6% Performance Shares 10.0%

MD 0.0% Performance Units 0.0%

Ph.D 0.0% Long-Term Cash 5.0%

Other 5.1% None of the Above Received 25.0%

* Only includes those eligible for LTI

Parent 74.3% Yes 9.7%

Division 9.1% No 90.3%

Subsidiary 8.0%

Single Location 4.0%

Other 4.6%

Degree Type of Long-term Incentives Received*

Type of Organization Where Employed Supervise Individuals

Gender Long-Term Incentive Eligible

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2011 Risk Management Compensation Survey

Claims Analyst

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

Scope

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

All Respondents 23 $55.3 $45.0 $54.0 $66.0 9 $2.9 -- $2.5 -- 3 -- -- 23 $56.4 $47.0 $54.0 $69.0 7.9 5.0

Ownership Type

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Publicly Traded 12 $56.6 $42.5 $56.0 $68.0 6 $2.7 -- $2.3 -- 1 -- -- 12 $58.0 $43.5 $58.5 $70.1 9.7 5.5

Private 3 -- -- -- -- 3 -- -- -- -- 0 -- -- 3 -- -- -- -- -- --

Government 3 -- -- -- -- 0 -- -- -- -- 1 -- -- 3 -- -- -- -- -- --

Not-for-Profit 5 $53.5 -- $50.0 -- 0 -- -- -- -- 1 -- -- 5 $53.5 -- $50.0 -- 4.1 4.0

Revenue

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Less than $100 Million 2 -- -- -- -- 1 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --

$100 - $250 Million 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

$250 - $500 Million 1 -- -- -- -- 1 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --

$500 Million - $1 Billion 3 -- -- -- -- 1 -- -- -- -- 0 -- -- 3 -- -- -- -- -- --

$1 - $5 Billion 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

$5 - $10 Billion 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Greater than $10 Billion 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Degree

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

High School/Associate Degree 9 $48.9 -- $45.0 -- 2 -- -- -- -- 1 -- -- 9 $49.5 -- $49.0 -- 8.6 6.0

Bachelors 11 $58.3 $50.0 $58.0 $70.0 6 $2.6 -- $2.2 -- 1 -- -- 11 $59.7 $50.0 $59.8 $71.0 8.0 5.0

MA/MS 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --

MBA 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

JD 1 -- -- -- -- 0 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --

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

Supervisory Responsibility

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

No 21 $55.2 $45.0 $52.0 $66.0 8 $3.1 -- $2.8 -- 3 -- -- 21 $56.3 $47.0 $52.0 $69.0 7.2 5.0

1 or Fewer 1 -- -- -- -- 1 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --

From 1 to 3 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

From 3 to 5 4 -- -- -- -- 2 -- -- -- -- 0 -- -- 4 -- -- -- -- -- --

More than 5 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Reviews first and third party claims for irregularities, accuracy and completeness. Requests additional information, where necessary, for completion of claim processing. Reviews claims for eligibility. Maintains updated records and prepares

required reports. Assists in claims cost control. Performs the design, analysis and delivery of claim information. Contacts individuals about claims and coordinates the handling of benefits. This role focuses on operational effectiveness in

support of claims management strategies. Understands and performs domestic and/or international claim programs, policies, and procedures for: reporting, investigation, and analysis; litigation management; resolution/outcome

management; and the delivery of claim information. Handles mostly routine non-complex claims but, may handle litigated and moderately complex claims with limited settlement authority.

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

© 2011 Risk and Insurance Management Society, Inc. (RIMS) V - 43 US Data

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2011 Risk Management Compensation Survey

Claims AnalystReviews first and third party claims for irregularities, accuracy and completeness. Requests additional information, where necessary, for completion of claim processing. Reviews claims for eligibility. Maintains updated records and prepares

required reports. Assists in claims cost control. Performs the design, analysis and delivery of claim information. Contacts individuals about claims and coordinates the handling of benefits. This role focuses on operational effectiveness in

support of claims management strategies. Understands and performs domestic and/or international claim programs, policies, and procedures for: reporting, investigation, and analysis; litigation management; resolution/outcome

management; and the delivery of claim information. Handles mostly routine non-complex claims but, may handle litigated and moderately complex claims with limited settlement authority.

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

Scope

Industry

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Not-for-Profit 5 $53.5 -- $50.0 -- 0 -- -- -- -- 1 -- -- 5 $53.5 -- $50.0 -- 4.1 4.0

Regions (defined in Section I - 15)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

North East Region 2 -- -- -- -- 0 -- -- -- -- 1 -- -- 2 -- -- -- -- -- --

Mid Atlantic Region 5 $61.1 -- $69.0 -- 3 -- -- -- -- 1 -- -- 5 $62.6 -- $69.0 -- 4.6 5.0

South East Region 2 -- -- -- -- 0 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --

Mississippi Valley Region 5 $58.0 -- $52.0 -- 3 -- -- -- -- 0 -- -- 5 $59.5 -- $52.0 -- 4.4 3.0

Mountain Region 5 $48.8 -- $50.0 -- 1 -- -- -- -- 1 -- -- 5 $49.9 -- $50.0 -- 8.0 5.0

Western Region 4 -- -- -- -- 2 -- -- -- -- 0 -- -- 4 -- -- -- -- -- --

Respondent Characteristics

Male 21.7% Yes 13.0%

Female 78.3% No 87.0%

Did Not Indicate 0.0% Did Not Indicate 0.0%

High School/Associate Degree 39.1% Incentive Stock Options (ISOs) 66.7%

Bachelors 47.8% Non-Qualified Stock Options (NQSOs) 0.0%

MA/MS 4.3% Restricted Stock 0.0%

MBA 0.0% Stock Appreciation Rights (SARs) 0.0%

JD 4.3% Performance Shares 0.0%

MD 0.0% Performance Units 0.0%

Ph.D 0.0% Long-Term Cash 0.0%

Other 4.3% None of the Above Received 33.3%

* Only includes those eligible for LTI

Parent 39.1% Yes 8.7%

Division 17.4% No 91.3%

Subsidiary 17.4%

Single Location 13.0%

Other 13.0%

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

Degree Type of Long-term Incentives Received*

Type of Organization Where Employed Supervise Individuals

Gender Long-Term Incentive Eligible

© 2011 Risk and Insurance Management Society, Inc. (RIMS) V - 44 US Data

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2011 Risk Management Compensation Survey

© 2011 Risk and Insurance Management Society, Inc. (RIMS) VI - 1 Canadian Participant List

Participant List – Canadian Respondents Respondents from over 256 organizations operating in Canada participated in the 2011 Risk Management Compensation Survey. These organizations include:

3M Canada Company

Agrium Inc.

Agropu Cooperative

Air Canada

Alberta Finance and Enterprise

Alberta Urban Municipalities Assoc.

Alliance Pipeline

Alliance Pipeline Ltd.

AMEC

ArcelorMittal Dofasco

Arctic Glacier Inc.

Associated Engineering

ATCO Power Ltd.

ATCO Structures & Logistics Ltd.

Athabasca University

AUMA

Bank of Montreal

BC Hydro

BC Pavilion Corporation

BCLC

Bell Aliant Inc.

Bell Canada

Bentall Kennedy (Canada) Ltd.

BMO Financial Group

Bombardier Inc.

Bow Valley College

British Columbia Ferry Services Inc.

British Columbia Securities Commission

British Columbia Institute of Technology

Brookfield Asset Management Inc.

Business Development Bank of Canada

CAE Inc.

Calgary Board of Education

Calgary Catholic School District

Canada Post

Canada Post Corporation

Canadian Blood Services

Canadian Broadcasting Corporation

Canadian Energy Company

Canadian Imperial Bank of Commerce

Canadian Natural Resources

Canadian Pacific Railway

Canadian Tire Corporation, Limited

Canadian University

Canfor

Capital Power Corporation

Capital Regional District

Carleton University

Cascades Inc.

Catalyst Paper Corporation

Catholic Religious Self-Insured Retention Program

Celero Solutions

Cenovus Energy Inc.

Central 1 Credit Union

CHC Helicopter S.A.

Chemtrade

City of Brantford

City of Calgary

City of Chilliwack

City of Greater Sudbury

City of Hamilton

City of Kelowna

City of Lethbridge

City of Medicine Hat

City of Ottawa

City of Prince George

City of Red Deer

City of Regina

City of Spruce Grove

City of St. Albert

City of St. John's

City of Surrey

City of Toronto

City of Vancouver

City of Winnipeg

Colliers International

Concordia University

Corporation of the City of Brampton

Corporation of the District of North Vancouver

Corporation of the District of Saanich

Credit Union Deposit Guarantee Corporation

CRNNS

CSA Group

CTVglobemedia Inc.

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2011 Risk Management Compensation Survey

© 2011 Risk and Insurance Management Society, Inc. (RIMS) VI - 2 Canadian Participant List

Cypress Health Region

Dalhousie University

Desjardins Group

District of North Vancouver

District of West Vancouver

Domtar Corp

Edmonton Police Service

EGIFH

Enbridge Gas Distribution

Enbridge Inc.

EPSB

Export Development Canada

First Calgary Financial

First Canadian Insurance Corporation

First West Credit Union

Flagstone Re

Flint Energy Services Ltd.

Fortis Inc.

Future Electronics Inc.

GCAN Insurance Company

George Weston Limited/Loblaw

Georgian College

Gibson Energy

Gildan

GMM Inc.

Government of Alberta

Government of British Columbia

Government of Ontario

Government of Prince Edward Island (Canada)

Government of the Northwest Territories

Government of Nova Scotia

Gowling Lafleur Henderson LLP

Greater Toronto Airports Authority

Grosvenor Americas

Groupe Cirque du Soleil Inc.

Groupe Promutuel

Habitat for Humanity Canada

Haldimand County

Halifax Regional Municipality

HBC

Healthcare Insurance Reciprocal of Canada (HIROC)

HIROC

HudBay Minerals Inc.

Hudson's Bay Company

Hydro-Quebec

ING Direct Canada

Interlake RHA

Investors Group

IPF

Iridium Risk Services

J.D. Irving, Limited

John Hancock

Klondike Insurance

Law Society of BC

Ledcor Group of Companies

Lilydale Inc.

Linamar Corporation

Liquor Control Board of Ontario

Livingston International

Loblaw Companies Limited

London Health Sciences Centre

Magna International Inc.

MAI

Manitoba Hydro

Manitoba Telecom Services Inc.

Marine Atlantic

McGill University

MDA

MDSPI

Methanex Corporation

Ministry of Finance

Ministry of Finance Risk Management Branch

Ministry of Government Services

Molson Coors Canada

Mondial Assistance Canada

Morguard Investments Limited

Municipality of Crowsnest Pass

Nalcor Energy

Newfoundland & Labrador Centre for Health Information

Nexen inc.

North Vancouver Recreation Commission

Northlands

Northwest Territories Power Corporation

Nova Scotia School Insurance Exchange

On Side Restoration

Ontario Power Generation Inc.

Ontario Realty Corporation

Open Range Energy Corp.

OPG

OSBIE

Oxford Properties Group

PCL Construction Management Inc.

PepsiCo Foods Canada

Propak Systems Ltd.

Province of British Columbia

Province of British Columbia, Risk Management Branch

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2011 Risk Management Compensation Survey

© 2011 Risk and Insurance Management Society, Inc. (RIMS) VI - 3 Canadian Participant List

Province of Manitoba

Province of Nova Scotia Insurance & Risk Management

Public Safety and Emergency Preparedness Canada (PSEPC)

Public Safety Canada

Purolator Inc.

Quebecor Inc.

Qus Quebec

Red River College

Redcliff Realty Management Inc.

Region of Durham

Region of Waterloo

Revera Inc.

RioCan Management Inc.

Ritchie Bros. Auctioneers

Rogers Communications

Rosenau Transport Ltd

RSA

RSA Canada

RTL-Westcan Group

Sanofi Pasteur

Sask Housing Corp; Agency of the Ministry of Social Services

Saskatchewan School Boards Association

SilverBirch Hotels & Resorts

Simon Fraser University

SITQ Inc.

SNC-Lavalin

Social Housing Services Corporation

Spectra Energy

St. Joseph Communications

Stantec

Strathcona County

Sun Life Financial

Suncor Energy Inc.

Superheat FGH

Supreme Group

Talisman Energy Inc.

Telesat Canada

TELUS Corporation

The Canadian Depository for Securities Limited

The Co-operators Group Limited

The Corporation of the City of Oshawa

The MEARIE Group

The Regional Municipality of Peel

The Regional Municipality of York

Tonko Realty Advisors Ltd.

Torstar Corporation

TransAlta Corporation

Trent University

Tricor Automotive Group

Ultramar Lte

UMCA of Greater Toronto

Unisource Canada

United Farmers of Alberta Cooperative Limited

University of Alberta

University of British Columbia

University of Calgary

University of Lethbridge

University of New Brunswick

University of Northern BC

University of Ottawa

University of Prince Edward Island

University of Regina

University of Saskatchewan

University of Victoria

Vale

Vancouver International Airport Authority

Vancouver Island Health Authority

Waterloo Region Municipalities Insurance Pool

Western Financial Group

Xstrata

Xstrata Nickel

YMCA of Greater Toronto

YMCA of Western Ontario

York University

Yukon Government

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2011 Risk Management Compensation Survey

© 2011 Risk and Insurance Management Society, Inc. (RIMS) VI - 4 Canadian Participant List

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2011 Risk Management Compensation Survey

Canadian Participant Demographics

The 2011 Risk Management Compensation Survey contains compensation data for 11 jobs from 284 individual respondents from 256 organizations. The

charts on the following pages display the distribution of Canadian participants by organization size, industry, ownership type, and geographic region. A

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

© 2011 Risk and Insurance Management Society, Inc. (RIMS) VII - 1 Canadian Participant Demographics

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2011 Risk Management Compensation Survey

Canadian Participant Demographics

Ownership Type

# of

Resp.

Percent of

Respondents

Publicly Traded 65 22.9%

Private 57 20.1%

Government 98 34.5%

Not-for-Profit 34 12.0%

Other/Not Specified 30 10.6%

Revenue

# of

Resp.

Percent of

Respondents

Less than $100 Million 44 15.5%

$100 - $250

Million30 10.6%

$100 - $250 Million$250 - $500

Million27 9.5%

$250 - $500 Million $500 Million - $1 Billion 32 11.3%

$1 - $5

Billion56 19.7%

$1 - $5 Billion$5 - $10

Billion17 6.0%

$5 - $10 BillionGreater than

$10 Billion31 10.9%

Other/Not Specified 47 16.5%

Ownership Type

Revenue

22.9%

20.1%

34.5%

12.0% 10.6%

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

30.0%

35.0%

40.0%

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

Percent of Respondents

15.5%

10.6% 9.5%

11.3%

19.7%

6.0%

10.9%

16.5%

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

Less than $100Million

$100 - $250Million

$250 - $500Million

$500 Million - $1Billion

$1 - $5Billion

$5 - $10Billion

Greater than$10 Billion

Other/NotSpecified

Percent of Respondents

© 2011 Risk and Insurance Management Society, Inc. (RIMS) VII - 2 Canadian Participant Demographics

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2011 Risk Management Compensation Survey

Canadian Participant Demographics

Organization Type

# of

Resp.

Percent of

Respondents

Parent 165 58.1%

Subsidiary 23 8.1%

Division 31 10.9%

Single Location 34 12.0%

Other 31 10.9%

Canadian Province

# of

Resp.

Percent of

Respondents

AB 67 23.6%

BC 50 17.6%

MB 11 3.9%

NB 2 0.7%

NL 6 2.1%

NS 8 2.8%

NU/NT 2 0.7%

ON 99 34.9%

PE 3 1.1%

QC 23 8.1%

SK 12 4.2%

YT 1 0.4%

Organization Type

Region

58.1%

8.1% 10.9% 12.0% 10.9%

0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

Parent Subsidiary Division Single Location Other

Percent of Respondents

23.6%

17.6%

3.9%

0.7% 2.1% 2.8%

0.7%

34.9%

1.1%

8.1%

4.2%

0.4% 0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

30.0%

35.0%

40.0%

AB BC MB NB NL NS NU/NT ON PE QC SK YT

Percent of Respondents

© 2011 Risk and Insurance Management Society, Inc. (RIMS) VII - 3 Canadian Participant Demographics

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2011 Risk Management Compensation Survey

Canadian Participant Demographics

Industry

# of

Resp.

Percent of

Respondents

Agriculture 1 0.4%

Chemical/Pharmaceutical/Biotechnology 2 0.7%

Computer Software/Services 1 0.4%

Construction/Engineering/Architectural 11 3.9%

Education 33 11.6%

Energy 19 6.7%

Entertainment & Media 6 2.1%

Finance/Banking 18 6.3%

Government 70 24.6%

Healthcare 7 2.5%

Hospitality 2 0.7%

Insurance 15 5.3%

Mfg - Durable (includes Aerospace,

Computer/Office Equipment, Electronics)4 1.4%

Mfg - Nondurable (includes Food, Paper & Allied

Products)10 3.5%

Mining/Milling/Smelting 1 0.4%

Not-for-Profit 10 3.5%

Real Estate 14 4.9%

Retail 5 1.8%

Service 3 1.1%

Telecommunications 9 3.2%

Transportation 15 5.3%

Utilities 11 3.9%

Wholesale Distribution 1 0.4%

Other 16 5.6%

Industry

0.4%

0.7%

0.4%

3.9%

11.6%

6.7%

2.1%

6.3%

24.6%

2.5%

0.7%

5.3%

1.4%

3.5%

0.4%

3.5%

4.9%

1.8%

1.1%

3.2%

5.3%

3.9%

0.4%

5.6%

0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0%

Agriculture

Chemical/Pharmaceutical/Biotechnology

Computer Software/Services

Construction/Engineering/Architectural

Education

Energy

Entertainment & Media

Finance/Banking

Government

Healthcare

Hospitality

Insurance

Mfg - Durable (includes Aerospace, Computer/Office…

Mfg - Nondurable (includes Food, Paper & Allied…

Mining/Milling/Smelting

Not-for-Profit

Real Estate

Retail

Service

Telecommunications

Transportation

Utilities

Wholesale Distribution

Other

Percent of Respondents

© 2011 Risk and Insurance Management Society, Inc. (RIMS) VII - 4 Canadian Participant Demographics

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2011 Risk Management Compensation Survey

Canadian Participant Demographics

# of

Resp.

Percent of

Respondents

Do not have a Top Risk Management Executive 16 5.6%

Finance/CFO/Minister of Finance 109 38.4%

CEO/VP/Board of Directors/President 65 22.9%

Treasury 32 11.3%

Legal/Compliance Officer/Solicitor-

General/Attorney General21 7.4%

Administration/Management

Board/Government Services8 2.8%

COO 4 1.4%

Human Resources/Personnel/Employee Benefits 3 1.1%

Mayor/Governor/Premier 2 0.7%

Other 23 8.1%

Did Not Indicate 1 0.4%

nThe average reported number of employees in the risk management department is 6.07 while the median is 2.25.

Who the Top Risk Management Executive reports to:

Size of Department

5.6%

38.4%

22.9%

11.3%

7.4%

2.8%

1.4%

1.1%

0.7%

8.1%

0.4%

0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% 35.0% 40.0% 45.0%

Do not have a Top Risk Management Executive

Finance/CFO/Minister of Finance

CEO/VP/Board of Directors/President

Treasury

Legal/Compliance Officer/Solicitor-General/AttorneyGeneral

Administration/Management Board/GovernmentServices

COO

Human Resources/Personnel/Employee Benefits

Mayor/Governor/Premier

Other

Did Not Indicate

Percent of Respondents

© 2011 Risk and Insurance Management Society, Inc. (RIMS) VII - 5 Canadian Participant Demographics

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2011 Risk Management Compensation Survey

Canadian Participant Demographics

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© 2011 Risk and Insurance Management Society, Inc. (RIMS) VII - 6 Canadian Participant Demographics

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2011 Risk Management Compensation Survey

All Positions - Canada

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

Job Title

# of

Resp. Average 25th pct50th pct

(median) 75th pct

# of

Resp. Average 25th pct50th pct

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

(median)

# of

Resp. Average 25th pct50th pct

(median) 75th pct Average50th pct

(median)

Chief Risk Officer | Vice President - Risk

Management | Vice President - Strategic and

Enterprise Risk

25 $145.7 $121.4 $145.0 $170.0 17 $44.8 $19.5 $40.0 $62.0 10 25.5% 22.5% 25 $176.1 $123.0 $169.8 $210.0 10.8 9.0

Director - Business Continuity/Financial/IT

Risk Management1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --

Director - Enterprise Risk Management

(ERM)/Strategic Risk Management / Risk

Intelligence

31 $113.8 $92.0 $107.0 $140.0 16 $27.7 $8.5 $22.0 $37.0 12 19.9% 17.5% 31 $128.1 $93.5 $120.0 $156.0 11.5 8.0

Director - Insurance and Risk Management 78 $114.6 $96.0 $110.5 $131.0 40 $21.2 $12.0 $17.5 $29.1 25 16.8% 15.0% 78 $125.5 $101.0 $121.3 $144.0 17.1 17.5

Manager - Insurance Management 61 $95.8 $81.0 $90.0 $105.0 33 $15.5 $8.0 $10.0 $20.0 25 17.3% 15.0% 61 $104.2 $86.5 $100.0 $115.5 11.1 8.0

Employee Benefits/Workers Compensation

Claims Manager0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Claims Manager 12 $82.8 $73.5 $83.0 $91.8 5 $9.9 -- $10.0 -- 2 -- -- 12 $86.9 $73.5 $90.0 $101.3 9.1 7.5

Environmental, Health or Safety Manager 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --

Risk Management Analyst (Enterprise-Wide) 27 $75.8 $65.0 $75.0 $81.3 9 $9.5 -- $6.5 -- 9 10.8% 10.0% 27 $78.9 $67.7 $76.0 $87.4 6.2 7.0

Risk Management Analyst 42 $69.6 $60.0 $66.5 $75.0 16 $13.0 $5.0 $9.1 $12.5 12 11.3% 10.0% 42 $74.6 $60.0 $69.0 $84.0 6.2 5.0

Claims Analyst 6 $59.0 -- $61.1 -- 2 -- -- -- -- 2 -- -- 6 $59.8 -- $61.1 -- 5.5 3.5

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

© 2011 Risk and Insurance Management Society, Inc. (RIMS) VIII - 1 All Jobs Summary - Canada

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2011 Risk Management Compensation Survey

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© 2011 Risk and Insurance Management Society, Inc. (RIMS) VIII - 2 All Jobs Summary - Canada

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2011 Risk Management Compensation Survey

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

Ownership Type

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 25 $145.7 $176.1

Publicly Traded 1 -- --

Private 6 $140.9 $177.4

Government 6 $140.7 $155.3

Not-for-Profit 4 -- --

Revenue

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 25 $145.7 $176.1

Less than $100

Million5 $141.7 $155.1

$100 - $250 Million$100 - $250

Million10 $146.7 $181.7

$250 - $500 Million$250 - $500

Million2 -- --

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

$1 - $5 Billion$1 - $5

Billion3 -- --

$5 - $10 Billion$5 - $10

Billion-- -- --

Greater than

$10 Billion-- -- --

Average Compensation by Ownership Type

Average Compensation by Revenue

$1

45

.7

$0

.0

$1

40

.9

$1

40

.7

$0

.0

$1

76

.1

$0

.0

$1

77

.4

$1

55

.3

$0

.0

$0.0

$20.0

$40.0

$60.0

$80.0

$100.0

$120.0

$140.0

$160.0

$180.0

$200.0

All Respondents Publicly Traded Private Government Not-for-Profit

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

$1

45

.7

$1

41

.7

$1

46

.7

$0

.0

$0

.0

$0

.0

$0

.0

$0

.0

$1

76

.1

$1

55

.1 $

18

1.7

$0

.0

$0

.0

$0

.0

$0

.0

$0

.0

$0.0

$20.0

$40.0

$60.0

$80.0

$100.0

$120.0

$140.0

$160.0

$180.0

$200.0

All Respondents Less than $100Million

$100 - $250Million

$250 - $500Million

$500 Million - $1Billion

$1 - $5Billion

$5 - $10Billion

Greater than$10 Billion

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

© 2011 Risk and Insurance Management Society, Inc. (RIMS) VIII - 3 Canadian Data

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2011 Risk Management Compensation Survey

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

Degree

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 25 $145.7 $176.1

HS/Associate 4 -- --

Bachelors 7 $151.5 $196.9

MA/MS 3 -- --

MBA 5 $143.7 $156.1

JD 1 -- --

Supervisory Responsibility

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 25 $145.7 $176.1

No 1 -- --

1 or Fewer 1 -- --

From 1 to 3 9 $138.9 $164.4

From 3 to 5 2 -- --

More than 5 11 $147.4 $185.7

Average Compensation by Degree

Average Compensation by Supervisory Responsibility

$1

45

.7

$0

.0

$1

51

.5

$0

.0

$1

43

.7

$0

.0

$1

76

.1

$0

.0

$1

96

.9

$0

.0

$1

56

.1

$0

.0

$0.0

$50.0

$100.0

$150.0

$200.0

$250.0

All Respondents HS/Associate Bachelors MA/MS MBA JD

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

$1

45

.7

$0

.0

$0

.0

$1

38

.9

$0

.0

$1

47

.4 $

17

6.1

$0

.0

$0

.0

$1

64

.4

$0

.0

$1

85

.7

$0.0

$20.0

$40.0

$60.0

$80.0

$100.0

$120.0

$140.0

$160.0

$180.0

$200.0

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

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

© 2011 Risk and Insurance Management Society, Inc. (RIMS) VIII - 4 Canadian Data

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2011 Risk Management Compensation Survey

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

Industry

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 25 $145.7 $176.1

Government 6 $140.7 $155.3

Other 8 $146.0 $187.8

Province

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 25 $145.7 $176.1

AB 5 $151.4 $180.6

BC 8 $159.1 $202.5

Average Compensation by Province

Average Compensation by Industry

$145.7

$140.7

$146.0

$176.1

$155.3

$187.8

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

All Respondents

Government

Other

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

$145.7

$151.4

$159.1

$176.1

$180.6

$202.5

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

All Respondents

AB

BC

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

© 2011 Risk and Insurance Management Society, Inc. (RIMS) VIII - 5 Canadian Data

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2011 Risk Management Compensation Survey

Director - Business Continuity/Financial/IT Risk Management

No Breakdowns Available - Insufficient Sample Size

© 2011 Risk and Insurance Management Society, Inc. (RIMS) VIII - 7 Canadian Data

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2011 Risk Management Compensation Survey

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

Ownership Type

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 31 $113.8 $128.1

Publicly Traded 7 $138.4 $172.0

Private 3 -- --

Government 10 $103.6 $105.2

Not-for-Profit 5 $110.1 $115.6

Revenue

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 31 $113.8 $128.1

Less than $100

Million5 $95.9 $101.1

$100 - $250 Million$100 - $250

Million6 $106.0 $106.7

$250 - $500 Million$250 - $500

Million3 -- --

$500 Million - $1 Billion 5 $124.4 $134.4

$1 - $5 Billion$1 - $5

Billion7 $124.9 $149.6

$5 - $10 Billion$5 - $10

Billion3 -- --

Greater than

$10 Billion1 -- --

Average Compensation by Ownership Type

Average Compensation by Revenue

$1

13

.8

$1

38

.4

$0

.0

$1

03

.6

$1

10

.1

$1

28

.1

$1

72

.0

$0

.0

$1

05

.2

$1

15

.6

$0.0

$20.0

$40.0

$60.0

$80.0

$100.0

$120.0

$140.0

$160.0

$180.0

$200.0

All Respondents Publicly Traded Private Government Not-for-Profit

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

$1

13

.8

$9

5.9

$1

06

.0

$0

.0

$1

24

.4

$1

24

.9

$0

.0

$0

.0

$1

28

.1

$1

01

.1

$1

06

.7

$0

.0

$1

34

.4

$1

49

.6

$0

.0

$0

.0

$0.0

$20.0

$40.0

$60.0

$80.0

$100.0

$120.0

$140.0

$160.0

All Respondents Less than $100Million

$100 - $250Million

$250 - $500Million

$500 Million - $1Billion

$1 - $5Billion

$5 - $10Billion

Greater than$10 Billion

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

© 2011 Risk and Insurance Management Society, Inc. (RIMS) VIII - 9 Canadian Data

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

Degree

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 31 $113.8 $128.1

HS/Associate 4 -- --

Bachelors 10 $114.6 $128.1

MA/MS 4 -- --

MBA 5 $130.0 $134.0

JD 0 -- --

Supervisory Responsibility

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 31 $113.8 $128.1

No 10 $105.6 $111.0

1 or Fewer 5 $131.2 $161.7

From 1 to 3 8 $119.2 $131.0

From 3 to 5 5 $135.4 $165.8

More than 5 1 -- --

Average Compensation by Degree

Average Compensation by Supervisory Responsibility

$1

13

.8

$0

.0

$1

14

.6

$0

.0

$1

30

.0

$0

.0

$1

28

.1

$0

.0

$1

28

.1

$0

.0

$1

34

.0

$0

.0

$0.0

$20.0

$40.0

$60.0

$80.0

$100.0

$120.0

$140.0

$160.0

All Respondents HS/Associate Bachelors MA/MS MBA JD

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

$1

13

.8

$1

05

.6 $

13

1.2

$1

19

.2

$1

35

.4

$0

.0

$1

28

.1

$1

11

.0

$1

61

.7

$1

31

.0

$1

65

.8

$0

.0

$0.0

$20.0

$40.0

$60.0

$80.0

$100.0

$120.0

$140.0

$160.0

$180.0

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

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

© 2011 Risk and Insurance Management Society, Inc. (RIMS) VIII - 10 Canadian Data

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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 31 $113.8 $128.1

Education 5 $110.0 $111.0

Government 10 $103.6 $105.2

Not-for-Profit 5 $110.1 $115.6

Other 6 $104.7 $115.3

Province

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 31 $113.8 $128.1

AB 6 $126.5 $149.9

BC 6 $105.5 $110.9

ON 9 $122.7 $147.8

Average Compensation by Province

Average Compensation by Industry

$113.8

$110.0

$103.6

$110.1

$104.7

$128.1

$111.0

$105.2

$115.6

$115.3

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

All Respondents

Education

Government

Not-for-Profit

Other

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

$113.8

$126.5

$105.5

$122.7

$128.1

$149.9

$110.9

$147.8

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

All Respondents

AB

BC

ON

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

© 2011 Risk and Insurance Management Society, Inc. (RIMS) VIII - 11 Canadian Data

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Director - Insurance and Risk Management

Ownership Type

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 78 $114.6 $125.5

Publicly Traded 22 $122.3 $143.8

Private 14 $122.9 $134.9

Government 26 $109.6 $113.6

Not-for-Profit 10 $106.1 $109.2

Revenue

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 78 $114.6 $125.5

Less than $100

Million10 $113.0 $123.3

$100 - $250 Million$100 - $250

Million1 -- --

$250 - $500 Million$250 - $500

Million11 $101.6 $105.2

$500 Million - $1 Billion 9 $112.4 $122.7

$1 - $5 Billion$1 - $5

Billion19 $115.1 $124.2

$5 - $10 Billion$5 - $10

Billion6 $123.1 $132.3

Greater than

$10 Billion16 $130.1 $152.7

Average Compensation by Ownership Type

Average Compensation by Revenue

$1

14

.6

$1

22

.3

$1

22

.9

$1

09

.6

$1

06

.1

$1

25

.5

$1

43

.8

$1

34

.9

$1

13

.6

$1

09

.2

$0.0

$20.0

$40.0

$60.0

$80.0

$100.0

$120.0

$140.0

$160.0

All Respondents Publicly Traded Private Government Not-for-Profit

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

$1

14

.6

$1

13

.0

$0

.0

$1

01

.6

$1

12

.4

$1

15

.1

$1

23

.1

$1

30

.1

$1

25

.5

$1

23

.3

$0

.0

$1

05

.2

$1

22

.7

$1

24

.2

$1

32

.3 $1

52

.7

$0.0

$20.0

$40.0

$60.0

$80.0

$100.0

$120.0

$140.0

$160.0

$180.0

All Respondents Less than $100Million

$100 - $250Million

$250 - $500Million

$500 Million - $1Billion

$1 - $5Billion

$5 - $10Billion

Greater than$10 Billion

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

© 2011 Risk and Insurance Management Society, Inc. (RIMS) VIII - 13 Canadian Data

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2011 Risk Management Compensation Survey

Director - Insurance and Risk Management

Degree

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 78 $114.6 $125.5

HS/Associate 17 $110.2 $120.9

Bachelors 36 $114.4 $123.8

MA/MS 7 $105.4 $108.8

MBA 10 $128.5 $143.8

JD 0 -- --

Supervisory Responsibility

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 78 $114.6 $125.5

No 11 $100.0 $104.3

1 or Fewer 15 $121.1 $134.4

From 1 to 3 21 $111.1 $123.4

From 3 to 5 13 $109.1 $120.8

More than 5 10 $129.1 $148.6

Average Compensation by Degree

Average Compensation by Supervisory Responsibility

$1

14

.6

$1

10

.2

$1

14

.4

$1

05

.4 $

12

8.5

$0

.0

$1

25

.5

$1

20

.9

$1

23

.8

$1

08

.8

$1

43

.8

$0

.0

$0.0

$20.0

$40.0

$60.0

$80.0

$100.0

$120.0

$140.0

$160.0

All Respondents HS/Associate Bachelors MA/MS MBA JD

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

$1

14

.6

$1

00

.0 $1

21

.1

$1

11

.1

$1

09

.1 $1

29

.1

$1

25

.5

$1

04

.3

$1

34

.4

$1

23

.4

$1

20

.8

$1

48

.6

$0.0

$20.0

$40.0

$60.0

$80.0

$100.0

$120.0

$140.0

$160.0

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

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

© 2011 Risk and Insurance Management Society, Inc. (RIMS) VIII - 14 Canadian Data

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2011 Risk Management Compensation Survey

Director - Insurance and Risk Management

Industry

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 78 $114.6 $125.5

Education 9 $103.1 $103.1

Finance/Banking 6 $107.3 $124.8

Government 26 $109.6 $113.6

Not-for-Profit 10 $106.1 $109.2

Real Estate 8 $121.9 $136.1

Telecommunications 5 $120.4 $148.4

Other 6 $103.7 $115.2

Province

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 78 $114.6 $125.5

AB 12 $110.3 $116.5

BC 8 $108.8 $113.9

ON 36 $117.2 $130.3

QC 10 $125.6 $147.0

Average Compensation by Province

Average Compensation by Industry

$114.6

$103.1

$107.3

$109.6

$106.1

$121.9

$120.4

$103.7

$125.5

$103.1

$124.8

$113.6

$109.2

$136.1

$148.4

$115.2

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

All Respondents

Education

Finance/Banking

Government

Not-for-Profit

Real Estate

Telecommunications

Other

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

$114.6

$110.3

$108.8

$117.2

$125.6

$125.5

$116.5

$113.9

$130.3

$147.0

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

All Respondents

AB

BC

ON

QC

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

© 2011 Risk and Insurance Management Society, Inc. (RIMS) VIII - 15 Canadian Data

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2011 Risk Management Compensation Survey

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2011 Risk Management Compensation Survey

Manager - Insurance Management

Ownership Type

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 61 $95.8 $104.2

Publicly Traded 14 $104.3 $118.8

Private 14 $90.6 $101.0

Government 20 $90.1 $92.0

Not-for-Profit 8 $96.9 $111.8

Revenue

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 61 $95.8 $104.2

Less than $100

Million9 $90.3 $93.0

$100 - $250 Million$100 - $250

Million9 $99.0 $102.9

$250 - $500 Million$250 - $500

Million7 $88.0 $92.6

$500 Million - $1 Billion 6 $89.7 $111.4

$1 - $5 Billion$1 - $5

Billion17 $98.6 $107.6

$5 - $10 Billion$5 - $10

Billion2 -- --

Greater than

$10 Billion7 $106.0 $118.6

Average Compensation by Ownership Type

Average Compensation by Revenue

$9

5.8

$1

04

.3

$9

0.6

$9

0.1

$9

6.9

$1

04

.2

$1

18

.8

$1

01

.0

$9

2.0

$1

11

.8

$0.0

$20.0

$40.0

$60.0

$80.0

$100.0

$120.0

$140.0

All Respondents Publicly Traded Private Government Not-for-Profit

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

$9

5.8

$9

0.3

$9

9.0

$8

8.0

$8

9.7

$9

8.6

$0

.0

$1

06

.0

$1

04

.2

$9

3.0

$1

02

.9

$9

2.6

$1

11

.4

$1

07

.6

$0

.0

$1

18

.6

$0.0

$20.0

$40.0

$60.0

$80.0

$100.0

$120.0

$140.0

All Respondents Less than $100Million

$100 - $250Million

$250 - $500Million

$500 Million - $1Billion

$1 - $5Billion

$5 - $10Billion

Greater than$10 Billion

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

© 2011 Risk and Insurance Management Society, Inc. (RIMS) VIII - 17 Canadian Data

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2011 Risk Management Compensation Survey

Manager - Insurance Management

Degree

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 61 $95.8 $104.2

HS/Associate 10 $100.8 $113.9

Bachelors 26 $94.8 $101.0

MA/MS 3 -- --

MBA 6 $100.0 $112.5

JD 0 -- --

Supervisory Responsibility

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 61 $95.8 $104.2

No 20 $90.6 $98.1

1 or Fewer 14 $99.7 $114.6

From 1 to 3 14 $100.4 $107.8

From 3 to 5 4 -- --

More than 5 5 $98.2 $99.0

Average Compensation by Degree

Average Compensation by Supervisory Responsibility

$9

5.8

$1

00

.8

$9

4.8

$0

.0

$1

00

.0

$0

.0

$1

04

.2

$1

13

.9

$1

01

.0

$0

.0

$1

12

.5

$0

.0

$0.0

$20.0

$40.0

$60.0

$80.0

$100.0

$120.0

All Respondents HS/Associate Bachelors MA/MS MBA JD

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

$9

5.8

$9

0.6

$9

9.7

$1

00

.4

$0

.0

$9

8.2

$1

04

.2

$9

8.1

$1

14

.6

$1

07

.8

$0

.0

$9

9.0

$0.0

$20.0

$40.0

$60.0

$80.0

$100.0

$120.0

$140.0

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

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

© 2011 Risk and Insurance Management Society, Inc. (RIMS) VIII - 18 Canadian Data

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2011 Risk Management Compensation Survey

Manager - Insurance Management

Industry

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 61 $95.8 $104.2

Education 7 $91.4 $101.2

Government 20 $90.1 $92.0

Not-for-Profit 8 $96.9 $111.8

Other 5 $107.2 $108.6

Province

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 61 $95.8 $104.2

AB 14 $113.1 $123.3

BC 7 $91.9 $93.7

ON 24 $90.7 $99.1

QC 6 $85.9 $91.8

SK 5 $85.0 $85.0

Average Compensation by Province

Average Compensation by Industry

$95.8

$91.4

$90.1

$96.9

$107.2

$104.2

$101.2

$92.0

$111.8

$108.6

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

All Respondents

Education

Government

Not-for-Profit

Other

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

$95.8

$113.1

$91.9

$90.7

$85.9

$85.0

$104.2

$123.3

$93.7

$99.1

$91.8

$85.0

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

All Respondents

AB

BC

ON

QC

SK

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

© 2011 Risk and Insurance Management Society, Inc. (RIMS) VIII - 19 Canadian Data

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2011 Risk Management Compensation Survey

Employee Benefits/Workers Compensation Claims Manager

No Breakdowns Available - Insufficient Sample Size

© 2011 Risk and Insurance Management Society, Inc. (RIMS) VIII - 21 Canadian Data

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2011 Risk Management Compensation Survey

Claims Manager

Ownership Type

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 12 $82.8 $86.9

Publicly Traded 3 -- --

Private 2 -- --

Government 6 $86.0 $88.5

Not-for-Profit 0 -- --

Average Compensation by Ownership Type

Average Compensation by Revenue

No Breakdowns Available - Insufficient Sample Size

$8

2.8

$0

.0

$0

.0

$8

6.0

$0

.0

$8

6.9

$0

.0

$0

.0

$8

8.5

$0

.0

$0.0

$10.0

$20.0

$30.0

$40.0

$50.0

$60.0

$70.0

$80.0

$90.0

$100.0

All Respondents Publicly Traded Private Government Not-for-Profit

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

© 2011 Risk and Insurance Management Society, Inc. (RIMS) VIII - 23 Canadian Data

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2011 Risk Management Compensation Survey

Claims Manager

Degree

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 12 $82.8 $86.9

HS/Associate 5 $81.0 $87.1

Bachelors 2 -- --

MA/MS 0 -- --

MBA 1 -- --

JD 0 -- --

Average Compensation by Degree

Average Compensation by Supervisory Responsibility

No Breakdowns Available - Insufficient Sample Size$

82

.8

$8

1.0

$0

.0

$0

.0

$0

.0

$0

.0

$8

6.9

$8

7.1

$0

.0

$0

.0

$0

.0

$0

.0

$0.0

$10.0

$20.0

$30.0

$40.0

$50.0

$60.0

$70.0

$80.0

$90.0

$100.0

All Respondents HS/Associate Bachelors MA/MS MBA JD

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

© 2011 Risk and Insurance Management Society, Inc. (RIMS) VIII - 24 Canadian Data

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2011 Risk Management Compensation Survey

Claims Manager

Industry

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 12 $82.8 $86.9

Government 6 $86.0 $88.5

Province

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 12 $82.8 $86.9

BC 5 $91.2 $93.5

Average Compensation by Province

Average Compensation by Industry

$82.8

$86.0

$86.9

$88.5

$79.0 $80.0 $81.0 $82.0 $83.0 $84.0 $85.0 $86.0 $87.0 $88.0 $89.0

All Respondents

Government

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

$82.8

$91.2

$86.9

$93.5

$76.0 $78.0 $80.0 $82.0 $84.0 $86.0 $88.0 $90.0 $92.0 $94.0 $96.0

All Respondents

BC

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

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2011 Risk Management Compensation Survey

Environmental, Health or Safety Manager

No Breakdowns Available - Insufficient Sample Size

© 2011 Risk and Insurance Management Society, Inc. (RIMS) VIII - 27 Canadian Data

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2011 Risk Management Compensation Survey

Risk Management Analyst (Enterprise-Wide)

Ownership Type

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 27 $75.8 $78.9

Publicly Traded 7 $79.0 $87.1

Private 5 $76.0 $81.2

Government 10 $78.1 $78.3

Not-for-Profit 4 -- --

Revenue

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 27 $75.8 $78.9

Less than $100

Million7 $66.6 $67.4

$100 - $250 Million$100 - $250

Million0 -- --

$250 - $500 Million$250 - $500

Million1 -- --

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

$1 - $5 Billion$1 - $5

Billion2 -- --

$5 - $10 Billion$5 - $10

Billion1 -- --

Greater than

$10 Billion3 -- --

Average Compensation by Ownership Type

Average Compensation by Revenue

$7

5.8

$7

9.0

$7

6.0

$7

8.1

$0

.0

$7

8.9

$8

7.1

$8

1.2

$7

8.3

$0

.0

$0.0

$10.0

$20.0

$30.0

$40.0

$50.0

$60.0

$70.0

$80.0

$90.0

$100.0

All Respondents Publicly Traded Private Government Not-for-Profit

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

$7

5.8

$6

6.6

$0

.0

$0

.0

$0

.0

$0

.0

$0

.0

$0

.0

$7

8.9

$6

7.4

$0

.0

$0

.0

$0

.0

$0

.0

$0

.0

$0

.0

$0.0

$10.0

$20.0

$30.0

$40.0

$50.0

$60.0

$70.0

$80.0

$90.0

All Respondents Less than $100Million

$100 - $250Million

$250 - $500Million

$500 Million - $1Billion

$1 - $5Billion

$5 - $10Billion

Greater than$10 Billion

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

© 2011 Risk and Insurance Management Society, Inc. (RIMS) VIII - 29 Canadian Data

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2011 Risk Management Compensation Survey

Risk Management Analyst (Enterprise-Wide)

Degree

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 27 $75.8 $78.9

HS/Associate 5 $83.2 $84.5

Bachelors 17 $74.9 $79.0

MA/MS 1 -- --

MBA 1 -- --

JD 0 -- --

Supervisory Responsibility

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 27 $75.8 $78.9

No 23 $69.6 $71.5

1 or Fewer 0 -- --

From 1 to 3 2 -- --

From 3 to 5 1 -- --

More than 5 2 -- --

Average Compensation by Degree

Average Compensation by Supervisory Responsibility

$7

5.8

$8

3.2

$7

4.9

$0

.0

$0

.0

$0

.0

$7

8.9

$8

4.5

$7

9.0

$0

.0

$0

.0

$0

.0

$0.0

$10.0

$20.0

$30.0

$40.0

$50.0

$60.0

$70.0

$80.0

$90.0

All Respondents HS/Associate Bachelors MA/MS MBA JD

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

$7

5.8

$6

9.6

$0

.0

$0

.0

$0

.0

$0

.0

$7

8.9

$7

1.5

$0

.0

$0

.0

$0

.0

$0

.0

$0.0

$10.0

$20.0

$30.0

$40.0

$50.0

$60.0

$70.0

$80.0

$90.0

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

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

© 2011 Risk and Insurance Management Society, Inc. (RIMS) VIII - 30 Canadian Data

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2011 Risk Management Compensation Survey

Risk Management Analyst (Enterprise-Wide)

Industry

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 27 $75.8 $78.9

Government 10 $78.1 $78.3

Province

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 27 $75.8 $78.9

AB 9 $82.7 $88.3

BC 5 $80.6 $80.6

ON 10 $72.8 $76.3

Average Compensation by Province

Average Compensation by Industry

$75.8

$78.1

$78.9

$78.3

$74.0 $74.5 $75.0 $75.5 $76.0 $76.5 $77.0 $77.5 $78.0 $78.5 $79.0 $79.5

All Respondents

Government

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

$75.8

$82.7

$80.6

$72.8

$78.9

$88.3

$80.6

$76.3

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

All Respondents

AB

BC

ON

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

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Risk Management Analyst

Ownership Type

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 42 $69.6 $74.6

Publicly Traded 10 $77.6 $86.1

Private 11 $59.4 $63.1

Government 17 $71.1 $75.1

Not-for-Profit 1 -- --

Revenue

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 42 $69.6 $74.6

Less than $100

Million5 $61.8 $61.8

$100 - $250 Million$100 - $250

Million2 -- --

$250 - $500 Million$250 - $500

Million3 -- --

$500 Million - $1 Billion 6 $67.1 $67.9

$1 - $5 Billion$1 - $5

Billion7 $74.2 $80.7

$5 - $10 Billion$5 - $10

Billion3 -- --

Greater than

$10 Billion3 -- --

Average Compensation by Ownership Type

Average Compensation by Revenue

$6

9.6

$7

7.6

$5

9.4

$7

1.1

$0

.0

$7

4.6

$8

6.1

$6

3.1

$7

5.1

$0

.0

$0.0

$10.0

$20.0

$30.0

$40.0

$50.0

$60.0

$70.0

$80.0

$90.0

$100.0

All Respondents Publicly Traded Private Government Not-for-Profit

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

$6

9.6

$6

1.8

$0

.0

$0

.0

$6

7.1

$7

4.2

$0

.0

$0

.0

$7

4.6

$6

1.8

$0

.0

$0

.0

$6

7.9

$8

0.7

$0

.0

$0

.0

$0.0

$10.0

$20.0

$30.0

$40.0

$50.0

$60.0

$70.0

$80.0

$90.0

All Respondents Less than $100Million

$100 - $250Million

$250 - $500Million

$500 Million - $1Billion

$1 - $5Billion

$5 - $10Billion

Greater than$10 Billion

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

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2011 Risk Management Compensation Survey

Risk Management Analyst

Degree

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 42 $69.6 $74.6

HS/Associate 9 $76.3 $83.5

Bachelors 20 $65.4 $68.7

MA/MS 1 -- --

MBA 1 -- --

JD 0 -- --

Supervisory Responsibility

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 42 $69.6 $74.6

No 31 $68.0 $72.0

1 or Fewer 5 $78.0 $94.8

From 1 to 3 3 -- --

From 3 to 5 3 -- --

More than 5 2 -- --

Average Compensation by Degree

Average Compensation by Supervisory Responsibility

$6

9.6

$7

6.3

$6

5.4

$0

.0

$0

.0

$0

.0

$7

4.6

$8

3.5

$6

8.7

$0

.0

$0

.0

$0

.0

$0.0

$10.0

$20.0

$30.0

$40.0

$50.0

$60.0

$70.0

$80.0

$90.0

All Respondents HS/Associate Bachelors MA/MS MBA JD

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

$6

9.6

$6

8.0

$7

8.0

$0

.0

$0

.0

$0

.0

$7

4.6

$7

2.0

$9

4.8

$0

.0

$0

.0

$0

.0

$0.0

$10.0

$20.0

$30.0

$40.0

$50.0

$60.0

$70.0

$80.0

$90.0

$100.0

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

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

© 2011 Risk and Insurance Management Society, Inc. (RIMS) VIII - 34 Canadian Data

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2011 Risk Management Compensation Survey

Risk Management Analyst

Industry

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 42 $69.6 $74.6

Education 5 $62.4 $62.4

Energy 8 $77.6 $85.3

Government 17 $71.1 $75.1

Province

# of

Resp.

Average Base

Salary ($000s)

Average Total

Comp ($000s)

All Respondents 42 $69.6 $74.6

AB 15 $70.5 $75.1

BC 9 $74.7 $83.5

ON 11 $65.6 $70.6

Average Compensation by Province

Average Compensation by Industry

$69.6

$62.4

$77.6

$71.1

$74.6

$62.4

$85.3

$75.1

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

All Respondents

Education

Energy

Government

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

$69.6

$70.5

$74.7

$65.6

$74.6

$75.1

$83.5

$70.6

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

All Respondents

AB

BC

ON

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

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2011 Risk Management Compensation Survey

Claims Analyst

No Breakdowns Available - Insufficient Sample Size

© 2011 Risk and Insurance Management Society, Inc. (RIMS) VIII - 37 Canadian Data

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2011 Risk Management Compensation Survey

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2011 Risk Management Compensation Survey

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

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

Scope

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

All Respondents 25 $145.7 $121.4 $145.0 $170.0 17 $44.8 $19.5 $40.0 $62.0 10 25.5% 22.5% 25 $176.1 $123.0 $169.8 $210.0 10.8 9.0

Ownership Type

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Publicly Traded 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --

Private 6 $140.9 -- $137.6 -- 6 $36.5 -- $35.8 -- 4 -- -- 6 $177.4 -- $173.4 -- 13.8 13.5

Government 6 $140.7 -- $134.0 -- 3 -- -- -- -- 3 -- -- 6 $155.3 -- $146.4 -- 12.0 9.5

Not-for-Profit 4 -- -- -- -- 1 -- -- -- -- 0 -- -- 4 -- -- -- -- -- --

Revenue

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Less than $100 Million 5 $141.7 -- $130.0 -- 3 -- -- -- -- 3 -- -- 5 $155.1 -- $149.5 -- 10.8 10.0

$100 - $250 Million 10 $146.7 $111.0 $165.0 $170.0 6 $58.3 -- $56.0 -- 2 -- -- 10 $181.7 $121.4 $185.0 $232.0 11.5 10.0

$250 - $500 Million 2 -- -- -- -- 1 -- -- -- -- 1 -- -- 2 -- -- -- -- -- --

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

$1 - $5 Billion 3 -- -- -- -- 3 -- -- -- -- 1 -- -- 3 -- -- -- -- -- --

$5 - $10 Billion 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Greater than $10 Billion 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Degree

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

High School/Associate Degree 4 -- -- -- -- 3 -- -- -- -- 2 -- -- 4 -- -- -- -- -- --

Bachelors 7 $151.5 -- $140.1 -- 6 $53.0 -- $59.8 -- 4 -- -- 7 $196.9 -- $189.7 -- 12.1 7.0

MA/MS 3 -- -- -- -- 2 -- -- -- -- 0 -- -- 3 -- -- -- -- -- --

MBA 5 $143.7 -- $165.0 -- 1 -- -- -- -- 0 -- -- 5 $156.1 -- $165.0 -- 12.2 10.0

JD 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --

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

Supervisory Responsibility

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

No 1 -- -- -- -- 1 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --

1 or Fewer 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --

From 1 to 3 9 $138.9 -- $135.0 -- 6 $38.3 -- $40.0 -- 3 -- -- 9 $164.4 -- $157.0 -- 9.4 7.0

From 3 to 5 2 -- -- -- -- 2 -- -- -- -- 2 -- -- 2 -- -- -- -- -- --

More than 5 11 $147.4 $111.0 $160.0 $170.0 8 $52.7 -- $49.8 -- 6 28.0% 21.0% 11 $185.7 $123.0 $169.8 $232.0 10.6 7.0

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

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

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

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

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

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

ability to drive performance from all areas within the organization.

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

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

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

© 2011 Risk and Insurance Management Society, Inc. (RIMS) IX - 1 Canadian Data

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2011 Risk Management Compensation Survey

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

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

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

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

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

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

ability to drive performance from all areas within the organization.

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

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

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

Scope

Industry

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Government 6 $140.7 -- $134.0 -- 3 -- -- -- -- 3 -- -- 6 $155.3 -- $146.4 -- 12.0 9.5

Other 8 $146.0 -- $155.0 -- 6 $55.7 -- $56.0 -- 2 -- -- 8 $187.8 -- $180.0 -- 7.3 5.5

Scope

Province

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

AB 5 $151.4 -- $162.0 -- 3 -- -- -- -- 1 -- -- 5 $180.6 -- $169.8 -- 9.0 9.0

BC 8 $159.1 -- $165.0 -- 6 $57.8 -- $56.0 -- 3 -- -- 8 $202.5 -- $221.0 -- 10.4 6.5

Respondent Characteristics

Male 64.0% Yes 24.0%

Female 36.0% No 76.0%

Did Not Indicate 0.0% Did Not Indicate 0.0%

High School/Associate Degree 16.0% Incentive Stock Options (ISOs) 0.0%

Bachelors 28.0% Non-Qualified Stock Options (NQSOs) 0.0%

MA/MS 12.0% Restricted Stock 33.3%

MBA 20.0% Stock Appreciation Rights (SARs) 0.0%

JD 4.0% Performance Shares 0.0%

MD 0.0% Performance Units 16.7%

Ph.D 0.0% Long-Term Cash 66.7%

Other 20.0% None of the Above Received 0.0%

* Only includes those eligible for LTI

Parent 60.0% Yes 96.0%

Division 4.0% No 4.0%

Subsidiary 8.0%

Single Location 16.0%

Other 12.0%

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

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

Degree Type of Long-term Incentives Received*

Type of Organization Where Employed Supervise Individuals

Gender Long-Term Incentive Eligible

© 2011 Risk and Insurance Management Society, Inc. (RIMS) IX - 2 Canadian Data

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2011 Risk Management Compensation Survey

Director - Business Continuity/Financial/IT Risk Management

No Breakdowns Available - Insufficient Sample Size

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

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

© 2011 Risk and Insurance Management Society, Inc. (RIMS) IX - 3 Canadian Data

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2011 Risk Management Compensation Survey

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

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

No Breakdowns Available - Insufficient Sample Size

© 2011 Risk and Insurance Management Society, Inc. (RIMS) IX - 4 Canadian Data

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2011 Risk Management Compensation Survey

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

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

Scope

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

All Respondents 31 $113.8 $92.0 $107.0 $140.0 16 $27.7 $8.5 $22.0 $37.0 12 19.9% 17.5% 31 $128.1 $93.5 $120.0 $156.0 11.5 8.0

Ownership Type

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Publicly Traded 7 $138.4 -- $150.0 -- 6 $39.2 -- $32.0 -- 4 -- -- 7 $172.0 -- $175.0 -- 11.4 7.0

Private 3 -- -- -- -- 3 -- -- -- -- 2 -- -- 3 -- -- -- -- -- --

Government 10 $103.6 $95.0 $104.0 $118.0 2 -- -- -- -- 2 -- -- 10 $105.2 $95.0 $104.0 $121.0 15.1 13.0

Not-for-Profit 5 $110.1 -- $107.0 -- 2 -- -- -- -- 1 -- -- 5 $115.6 -- $112.0 -- 12.4 6.0

Revenue

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Less than $100 Million 5 $95.9 -- $93.5 -- 2 -- -- -- -- 2 -- -- 5 $101.1 -- $103.0 -- 13.6 10.0

$100 - $250 Million 6 $106.0 -- $106.5 -- 1 -- -- -- -- 1 -- -- 6 $106.7 -- $108.9 -- 10.2 10.0

$250 - $500 Million 3 -- -- -- -- 2 -- -- -- -- 1 -- -- 3 -- -- -- -- -- --

$500 Million - $1 Billion 5 $124.4 -- $107.0 -- 3 -- -- -- -- 1 -- -- 5 $134.4 -- $115.0 -- 12.8 12.0

$1 - $5 Billion 7 $124.9 -- $125.0 -- 5 $34.6 -- $22.5 -- 4 -- -- 7 $149.6 -- $125.0 -- 16.4 16.0

$5 - $10 Billion 3 -- -- -- -- 1 -- -- -- -- 1 -- -- 3 -- -- -- -- -- --

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

Degree

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

High School/Associate Degree 4 -- -- -- -- 3 -- -- -- -- 2 -- -- 4 -- -- -- -- -- --

Bachelors 10 $114.6 $93.5 $110.3 $125.0 4 -- -- -- -- 4 -- -- 10 $128.1 $93.5 $112.9 $140.5 10.1 6.0

MA/MS 4 -- -- -- -- 2 -- -- -- -- 2 -- -- 4 -- -- -- -- -- --

MBA 5 $130.0 -- $130.0 -- 1 -- -- -- -- 1 -- -- 5 $134.0 -- $130.0 -- 10.8 11.0

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

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

Supervisory Responsibility

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

No 10 $105.6 $86.0 $100.7 $120.0 4 -- -- -- -- 3 -- -- 10 $111.0 $92.0 $113.5 $123.4 11.4 9.0

1 or Fewer 5 $131.2 -- $150.0 -- 4 -- -- -- -- 3 -- -- 5 $161.7 -- $172.5 -- 7.6 5.0

From 1 to 3 8 $119.2 -- $112.5 -- 4 -- -- -- -- 3 -- -- 8 $131.0 -- $117.4 -- 16.0 14.5

From 3 to 5 5 $135.4 -- $145.0 -- 3 -- -- -- -- 3 -- -- 5 $165.8 -- $172.5 -- 14.0 14.0

More than 5 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --

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

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

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

© 2011 Risk and Insurance Management Society, Inc. (RIMS) IX - 5 Canadian Data

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2011 Risk Management Compensation Survey

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

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

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

Scope

Industry

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Education 5 $110.0 -- $107.0 -- 1 -- -- -- -- 0 -- -- 5 $111.0 -- $112.0 -- 11.4 4.0

Government 10 $103.6 $95.0 $104.0 $118.0 2 -- -- -- -- 2 -- -- 10 $105.2 $95.0 $104.0 $121.0 15.1 13.0

Not-for-Profit 5 $110.1 -- $107.0 -- 2 -- -- -- -- 1 -- -- 5 $115.6 -- $112.0 -- 12.4 6.0

Other 6 $104.7 -- $105.5 -- 3 -- -- -- -- 3 -- -- 6 $115.3 -- $116.8 -- 8.2 6.0

Scope

Province

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

AB 6 $126.5 -- $130.0 -- 3 -- -- -- -- 3 -- -- 6 $149.9 -- $130.5 -- 15.0 13.5

BC 6 $105.5 -- $100.0 -- 3 -- -- -- -- 1 -- -- 6 $110.9 -- $100.0 -- 11.7 10.0

ON 9 $122.7 -- $117.5 -- 6 $37.7 -- $29.0 -- 5 22.0% 20.0% 9 $147.8 -- $140.5 -- 11.7 6.0

Respondent Characteristics

Male 51.6% Yes 22.6%

Female 48.4% No 77.4%

Did Not Indicate 0.0% Did Not Indicate 0.0%

High School/Associate Degree 12.9% Incentive Stock Options (ISOs) 28.6%

Bachelors 32.3% Non-Qualified Stock Options (NQSOs) 14.3%

MA/MS 12.9% Restricted Stock 28.6%

MBA 16.1% Stock Appreciation Rights (SARs) 14.3%

JD 0.0% Performance Shares 42.9%

MD 0.0% Performance Units 14.3%

Ph.D 0.0% Long-Term Cash 14.3%

Other 25.8% None of the Above Received 0.0%

* Only includes those eligible for LTI

Parent 61.3% Yes 67.7%

Division 3.2% No 32.3%

Subsidiary 9.7%

Single Location 12.9%

Other 12.9%

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

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

Gender Long-Term Incentive Eligible

Degree Type of Long-term Incentives Received*

Type of Organization Where Employed Supervise Individuals

© 2011 Risk and Insurance Management Society, Inc. (RIMS) IX - 6 Canadian Data

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2011 Risk Management Compensation Survey

Director - Insurance and Risk Management

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

Scope

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

All Respondents 78 $114.6 $96.0 $110.5 $131.0 40 $21.2 $12.0 $17.5 $29.1 25 16.8% 15.0% 78 $125.5 $101.0 $121.3 $144.0 17.1 17.5

Ownership Type

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Publicly Traded 22 $122.3 $100.0 $120.0 $140.0 18 $26.3 $15.0 $20.0 $38.0 9 20.2% 22.0% 22 $143.8 $110.0 $136.3 $174.5 16.4 18.5

Private 14 $122.9 $108.8 $126.5 $135.0 9 $18.7 -- $15.0 -- 7 16.3% 10.0% 14 $134.9 $108.8 $140.7 $157.5 17.5 15.0

Government 26 $109.6 $93.0 $105.0 $129.0 6 $17.4 -- $20.0 -- 3 -- -- 26 $113.6 $93.0 $108.5 $132.0 18.0 19.0

Not-for-Profit 10 $106.1 $96.0 $104.5 $122.5 5 $6.4 -- $5.0 -- 3 -- -- 10 $109.2 $96.0 $110.4 $122.5 16.9 16.5

Revenue

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Less than $100 Million 10 $113.0 $105.0 $121.3 $125.0 7 $14.7 -- $12.0 -- 4 -- -- 10 $123.3 $119.6 $123.8 $141.9 13.8 13.5

$100 - $250 Million 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --

$250 - $500 Million 11 $101.6 $86.0 $100.0 $108.8 2 -- -- -- -- 2 -- -- 11 $105.2 $86.0 $102.0 $125.0 22.8 25.0

$500 Million - $1 Billion 9 $112.4 -- $110.0 -- 4 -- -- -- -- 3 -- -- 9 $122.7 -- $110.8 -- 11.1 10.0

$1 - $5 Billion 19 $115.1 $92.0 $112.0 $135.0 9 $19.2 -- $18.0 -- 8 16.0% 15.0% 19 $124.2 $105.0 $114.0 $141.5 16.3 15.0

$5 - $10 Billion 6 $123.1 -- $128.5 -- 3 -- -- -- -- 3 -- -- 6 $132.3 -- $142.0 -- 20.5 20.5

Greater than $10 Billion 16 $130.1 $107.5 $129.5 $143.5 13 $27.9 $17.0 $24.0 $38.0 5 21.0% 25.0% 16 $152.7 $127.0 $141.3 $178.3 19.5 20.0

Degree

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

High School/Associate Degree 17 $110.2 $96.0 $105.0 $123.0 7 $26.0 -- $24.0 -- 3 -- -- 17 $120.9 $96.0 $115.0 $134.0 19.6 20.0

Bachelors 36 $114.4 $94.0 $110.0 $131.0 18 $18.8 $12.5 $16.3 $20.0 11 16.4% 15.0% 36 $123.8 $101.0 $116.8 $140.7 18.7 20.0

MA/MS 7 $105.4 -- $102.0 -- 3 -- -- -- -- 2 -- -- 7 $108.8 -- $102.0 -- 11.7 11.0

MBA 10 $128.5 $125.0 $129.0 $132.0 6 $25.4 -- $27.6 -- 5 15.4% 16.0% 10 $143.8 $125.0 $138.5 $168.7 14.6 15.0

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

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

Supervisory Responsibility

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

No 11 $100.0 $84.0 $105.0 $122.5 3 -- -- -- -- 2 -- -- 11 $104.3 $86.0 $105.0 $122.5 10.7 9.0

1 or Fewer 15 $121.1 $110.0 $123.0 $135.0 10 $20.0 $15.0 $17.5 $20.0 6 14.2% 15.0% 15 $134.4 $115.0 $135.0 $157.5 19.1 20.0

From 1 to 3 21 $111.1 $96.0 $110.0 $130.0 13 $20.0 $5.0 $17.0 $32.5 7 16.1% 16.0% 21 $123.4 $101.0 $112.0 $137.5 18.6 18.0

From 3 to 5 13 $109.1 $95.0 $105.0 $115.0 7 $21.8 -- $20.0 -- 4 -- -- 13 $120.8 $102.0 $110.8 $131.0 15.3 13.0

More than 5 10 $129.1 $101.0 $117.7 $148.0 6 $32.4 -- $29.0 -- 3 -- -- 10 $148.6 $102.0 $130.9 $165.0 22.9 22.5

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

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

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

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

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

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

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

© 2011 Risk and Insurance Management Society, Inc. (RIMS) IX - 7 Canadian Data

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2011 Risk Management Compensation Survey

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

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

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

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

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

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

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

Scope

Industry

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Education 9 $103.1 -- $102.0 -- 0 -- -- -- -- 0 -- -- 9 $103.1 -- $102.0 -- 19.8 18.0

Finance/Banking 6 $107.3 -- $107.5 -- 5 $20.9 -- $20.0 -- 1 -- -- 6 $124.8 -- $127.0 -- 19.2 20.0

Government 26 $109.6 $93.0 $105.0 $129.0 6 $17.4 -- $20.0 -- 3 -- -- 26 $113.6 $93.0 $108.5 $132.0 18.0 19.0

Not-for-Profit 10 $106.1 $96.0 $104.5 $122.5 5 $6.4 -- $5.0 -- 3 -- -- 10 $109.2 $96.0 $110.4 $122.5 16.9 16.5

Real Estate 8 $121.9 -- $122.5 -- 6 $18.9 -- $17.3 -- 3 -- -- 8 $136.1 -- $134.8 -- 13.9 13.5

Telecommunications 5 $120.4 -- $125.0 -- 5 $28.0 -- $20.0 -- 3 -- -- 5 $148.4 -- $140.0 -- 13.0 15.0

Other 6 $103.7 -- $100.0 -- 2 -- -- -- -- 3 -- -- 6 $115.2 -- $110.0 -- 15.8 13.5

Scope

Province

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

AB 12 $110.3 $94.0 $112.5 $131.0 3 -- -- -- -- 4 -- -- 12 $116.5 $97.5 $121.0 $133.0 19.0 25.0

BC 8 $108.8 -- $106.0 -- 3 -- -- -- -- 2 -- -- 8 $113.9 -- $106.0 -- 14.0 10.0

ON 36 $117.2 $103.5 $124.0 $132.0 23 $20.5 $10.0 $17.0 $32.5 13 16.6% 15.0% 36 $130.3 $104.0 $130.0 $148.5 15.8 16.5

QC 10 $125.6 $105.0 $112.5 $147.0 8 $26.8 -- $22.0 -- 4 -- -- 10 $147.0 $110.0 $134.5 $174.0 20.2 19.0

Respondent Characteristics

Male 59.0% Yes 20.5%

Female 39.7% No 79.5%

Did Not Indicate 1.3% Did Not Indicate 0.0%

High School/Associate Degree 21.8% Incentive Stock Options (ISOs) 43.8%

Bachelors 46.2% Non-Qualified Stock Options (NQSOs) 6.3%

MA/MS 9.0% Restricted Stock 25.0%

MBA 12.8% Stock Appreciation Rights (SARs) 0.0%

JD 0.0% Performance Shares 25.0%

MD 0.0% Performance Units 12.5%

Ph.D 0.0% Long-Term Cash 0.0%

Other 10.3% None of the Above Received 12.5%

* Only includes those eligible for LTI

Parent 57.7% Yes 85.9%

Division 16.7% No 14.1%

Subsidiary 3.8%

Single Location 10.3%

Other 11.5%

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

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

Gender Long-Term Incentive Eligible

Degree Type of Long-term Incentives Received*

Type of Organization Where Employed Supervise Individuals

© 2011 Risk and Insurance Management Society, Inc. (RIMS) IX - 8 Canadian Data

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2011 Risk Management Compensation Survey

Manager - Insurance Management

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

Scope

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

All Respondents 61 $95.8 $81.0 $90.0 $105.0 33 $15.5 $8.0 $10.0 $20.0 25 17.3% 15.0% 61 $104.2 $86.5 $100.0 $115.5 11.1 8.0

Ownership Type

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Publicly Traded 14 $104.3 $87.0 $97.0 $105.0 12 $17.0 $9.0 $10.8 $24.0 10 23.4% 15.0% 14 $118.8 $96.0 $106.3 $122.0 15.2 12.0

Private 14 $90.6 $81.0 $84.8 $96.0 11 $13.2 $9.0 $12.0 $20.0 9 14.2% 15.0% 14 $101.0 $91.0 $97.0 $110.0 5.7 5.0

Government 20 $90.1 $75.4 $91.0 $103.5 4 -- -- -- -- 2 -- -- 20 $92.0 $75.4 $91.0 $103.5 12.1 9.5

Not-for-Profit 8 $96.9 -- $87.4 -- 5 $23.8 -- $8.8 -- 3 -- -- 8 $111.8 -- $106.0 -- 11.0 9.5

Revenue

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Less than $100 Million 9 $90.3 -- $84.7 -- 3 -- -- -- -- 3 -- -- 9 $93.0 -- $92.7 -- 6.8 5.0

$100 - $250 Million 9 $99.0 -- $96.0 -- 4 -- -- -- -- 3 -- -- 9 $102.9 -- $96.0 -- 10.0 8.0

$250 - $500 Million 7 $88.0 -- $86.0 -- 2 -- -- -- -- 2 -- -- 7 $92.6 -- $86.0 -- 11.4 6.5

$500 Million - $1 Billion 6 $89.7 -- $82.0 -- 3 -- -- -- -- 2 -- -- 6 $111.4 -- $106.0 -- 13.8 10.5

$1 - $5 Billion 17 $98.6 $86.0 $93.0 $107.0 12 $12.7 $7.8 $10.0 $16.1 8 13.1% 15.0% 17 $107.6 $96.0 $103.5 $114.3 13.8 12.0

$5 - $10 Billion 2 -- -- -- -- 2 -- -- -- -- 2 -- -- 2 -- -- -- -- -- --

Greater than $10 Billion 7 $106.0 -- $96.0 -- 5 $17.6 -- $10.0 -- 4 -- -- 7 $118.6 -- $100.0 -- 10.4 8.0

Degree

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

High School/Associate Degree 10 $100.8 $75.0 $85.6 $125.0 6 $21.7 -- $14.9 -- 6 29.2% 15.0% 10 $113.9 $75.0 $100.5 $125.0 16.8 12.5

Bachelors 26 $94.8 $83.5 $93.5 $105.0 15 $10.9 $6.5 $9.3 $12.0 12 13.3% 13.5% 26 $101.0 $87.0 $98.5 $114.3 10.7 9.0

MA/MS 3 -- -- -- -- 1 -- -- -- -- 1 -- -- 3 -- -- -- -- -- --

MBA 6 $100.0 -- $89.0 -- 4 -- -- -- -- 3 -- -- 6 $112.5 -- $103.5 -- 6.4 5.3

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

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

Supervisory Responsibility

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

No 20 $90.6 $79.5 $84.1 $101.0 13 $11.6 $8.0 $10.0 $16.3 12 13.1% 15.0% 20 $98.1 $85.0 $94.4 $112.6 11.2 7.5

1 or Fewer 14 $99.7 $85.0 $91.5 $110.0 11 $19.0 $7.0 $10.0 $20.0 7 25.1% 15.0% 14 $114.6 $95.0 $105.8 $118.3 11.0 10.0

From 1 to 3 14 $100.4 $82.5 $97.5 $115.0 5 $20.8 -- $20.0 -- 3 -- -- 14 $107.8 $82.5 $107.0 $115.0 12.7 10.0

From 3 to 5 4 -- -- -- -- 2 -- -- -- -- 2 -- -- 4 -- -- -- -- -- --

More than 5 5 $98.2 -- $102.0 -- 1 -- -- -- -- 0 -- -- 5 $99.0 -- $102.0 -- 13.2 8.0

Responsibilities include directing the purchase of insurance programs, management of claims and loss control activities, management of relationships with third party service providers including brokers, insurers, consultants and other

administrators, preparing loss analyses and budgets, identifying exposures, recommending solutions, implementing approved programs, promoting loss prevention, updating and monitoring compliance with insurance procedures and

managing safety/risk management manuals.

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

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2011 Risk Management Compensation Survey

Manager - Insurance ManagementResponsibilities include directing the purchase of insurance programs, management of claims and loss control activities, management of relationships with third party service providers including brokers, insurers, consultants and other

administrators, preparing loss analyses and budgets, identifying exposures, recommending solutions, implementing approved programs, promoting loss prevention, updating and monitoring compliance with insurance procedures and

managing safety/risk management manuals.

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

Scope

Industry

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Education 7 $91.4 -- $90.0 -- 1 -- -- -- -- 0 -- -- 7 $101.2 -- $107.0 -- 12.1 10.0

Government 20 $90.1 $75.4 $91.0 $103.5 4 -- -- -- -- 2 -- -- 20 $92.0 $75.4 $91.0 $103.5 12.1 9.5

Not-for-Profit 8 $96.9 -- $87.4 -- 5 $23.8 -- $8.8 -- 3 -- -- 8 $111.8 -- $106.0 -- 11.0 9.5

Other 5 $107.2 -- $115.0 -- 1 -- -- -- -- 1 -- -- 5 $108.6 -- $115.0 -- 10.4 10.0

Scope

Province

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

AB 14 $113.1 $99.0 $110.0 $130.0 6 $23.8 -- $20.5 -- 3 -- -- 14 $123.3 $102.0 $115.3 $151.0 12.0 9.0

BC 7 $91.9 -- $93.0 -- 3 -- -- -- -- 3 -- -- 7 $93.7 -- $96.0 -- 12.9 8.0

ON 24 $90.7 $81.0 $90.0 $101.0 17 $12.0 $8.0 $10.0 $16.0 14 14.0% 15.0% 24 $99.1 $89.0 $96.7 $114.7 11.5 9.0

QC 6 $85.9 -- $86.0 -- 3 -- -- -- -- 3 -- -- 6 $91.8 -- $96.0 -- 6.7 6.5

SK 5 $85.0 -- $78.0 -- 0 -- -- -- -- 0 -- -- 5 $85.0 -- $78.0 -- 12.2 7.0

Respondent Characteristics

Male 54.1% Yes 11.5%

Female 42.6% No 88.5%

Did Not Indicate 3.3% Did Not Indicate 0.0%

High School/Associate Degree 16.4% Incentive Stock Options (ISOs) 14.3%

Bachelors 42.6% Non-Qualified Stock Options (NQSOs) 0.0%

MA/MS 4.9% Restricted Stock 14.3%

MBA 9.8% Stock Appreciation Rights (SARs) 14.3%

JD 0.0% Performance Shares 28.6%

MD 0.0% Performance Units 0.0%

Ph.D 0.0% Long-Term Cash 14.3%

Other 26.2% None of the Above Received 42.9%

* Only includes those eligible for LTI

Parent 63.9% Yes 67.2%

Division 3.3% No 32.8%

Subsidiary 14.8%

Single Location 9.8%

Other 8.2%

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

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

Gender Long-Term Incentive Eligible

Degree Type of Long-term Incentives Received*

Type of Organization Where Employed Supervise Individuals

© 2011 Risk and Insurance Management Society, Inc. (RIMS) IX - 10 Canadian Data

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2011 Risk Management Compensation Survey

Employee Benefits/Workers Compensation Claims ManagerCombination of data from the Employee Benefits Manager & Workers' Compensation Claims Manager positions.

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

No Breakdowns Available - Insufficient Sample Size

© 2011 Risk and Insurance Management Society, Inc. (RIMS) IX - 11 Canadian Data

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2011 Risk Management Compensation Survey

Employee Benefits/Workers Compensation Claims ManagerCombination of data from the Employee Benefits Manager & Workers' Compensation Claims Manager positions.

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

No Breakdowns Available - Insufficient Sample Size

© 2011 Risk and Insurance Management Society, Inc. (RIMS) IX - 12 Canadian Data

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2011 Risk Management Compensation Survey

Claims Manager

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

Scope

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

All Respondents 12 $82.8 $73.5 $83.0 $91.8 5 $9.9 -- $10.0 -- 2 -- -- 12 $86.9 $73.5 $90.0 $101.3 9.1 7.5

Ownership Type

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Publicly Traded 3 -- -- -- -- 2 -- -- -- -- 1 -- -- 3 -- -- -- -- -- --

Private 2 -- -- -- -- 1 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --

Government 6 $86.0 -- $83.0 -- 2 -- -- -- -- 1 -- -- 6 $88.5 -- $90.8 -- 11.3 10.0

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

Revenue

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Less than $100 Million 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

$100 - $250 Million 2 -- -- -- -- 0 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --

$250 - $500 Million 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

$500 Million - $1 Billion 1 -- -- -- -- 1 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --

$1 - $5 Billion 1 -- -- -- -- 1 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --

$5 - $10 Billion 2 -- -- -- -- 1 -- -- -- -- 1 -- -- 2 -- -- -- -- -- --

Greater than $10 Billion 1 -- -- -- -- 1 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --

Degree

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

High School/Associate Degree 5 $81.0 -- $85.0 -- 3 -- -- -- -- 1 -- -- 5 $87.1 -- $94.0 -- 10.4 8.0

Bachelors 2 -- -- -- -- 1 -- -- -- -- 1 -- -- 2 -- -- -- -- -- --

MA/MS 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

MBA 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --

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

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

Supervisory Responsibility

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

No 4 -- -- -- -- 0 -- -- -- -- 0 -- -- 4 -- -- -- -- -- --

1 or Fewer 4 -- -- -- -- 4 -- -- -- -- 1 -- -- 4 -- -- -- -- -- --

From 1 to 3 2 -- -- -- -- 0 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --

From 3 to 5 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --

More than 5 2 -- -- -- -- 1 -- -- -- -- 1 -- -- 2 -- -- -- -- -- --

Mitigates an organization’s exposure to risk by formulating, developing, and coordinating all claims-related activities, as well as resolving bona fide claims at the least possible cost through various risk transfer techniques. Directs a program to

ensure the proper and efficient handling of claims, gathering data on claims for both record keeping and loss forecasting purposes, and estimating the financial value of claims. Is also responsible for post loss reduction techniques such as

salvage, subrogation and rehabilitation.

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

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2011 Risk Management Compensation Survey

Claims ManagerMitigates an organization’s exposure to risk by formulating, developing, and coordinating all claims-related activities, as well as resolving bona fide claims at the least possible cost through various risk transfer techniques. Directs a program to

ensure the proper and efficient handling of claims, gathering data on claims for both record keeping and loss forecasting purposes, and estimating the financial value of claims. Is also responsible for post loss reduction techniques such as

salvage, subrogation and rehabilitation.

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

Scope

Industry

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Government 6 $86.0 -- $83.0 -- 2 -- -- -- -- 1 -- -- 6 $88.5 -- $90.8 -- 11.3 10.0

Scope

Province

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

BC 5 $91.2 -- $93.5 -- 2 -- -- -- -- 0 -- -- 5 $93.5 -- $100.0 -- 11.3 10.5

Respondent Characteristics

Male 41.7% Yes 25.0%

Female 50.0% No 75.0%

Did Not Indicate 8.3% Did Not Indicate 0.0%

High School/Associate Degree 41.7% Incentive Stock Options (ISOs) 66.7%

Bachelors 16.7% Non-Qualified Stock Options (NQSOs) 0.0%

MA/MS 0.0% Restricted Stock 33.3%

MBA 8.3% Stock Appreciation Rights (SARs) 33.3%

JD 0.0% Performance Shares 0.0%

MD 0.0% Performance Units 0.0%

Ph.D 0.0% Long-Term Cash 0.0%

Other 33.3% None of the Above Received 0.0%

* Only includes those eligible for LTI

Parent 58.3% Yes 66.7%

Division 0.0% No 33.3%

Subsidiary 0.0%

Single Location 16.7%

Other 25.0%

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

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

Gender Long-Term Incentive Eligible

Degree Type of Long-term Incentives Received*

Type of Organization Where Employed Supervise Individuals

© 2011 Risk and Insurance Management Society, Inc. (RIMS) IX - 14 Canadian Data

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2011 Risk Management Compensation Survey

Environmental, Health or Safety ManagerFormulates, develops, and coordinates safety and loss control functions of the organization. Designs and directs a program to reduce accidents, occupational illnesses, and exposure to long-term health hazards through safety-training of

supervisors and managers, planned inspections, skill training, first-aid care, emergency preparedness, proper job instruction, new employee indoctrination, physical protection, planned job observation, rules and practices, job

analysis/procedures, disposal procedures, and protective equipment. Maintains compliance with governmental regulatory agencies. Responsible for identifying causes of past accidents for taking corrective measures.

No Breakdowns Available - Insufficient Sample Size

© 2011 Risk and Insurance Management Society, Inc. (RIMS) IX - 15 Canadian Data

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2011 Risk Management Compensation Survey

Environmental, Health or Safety ManagerFormulates, develops, and coordinates safety and loss control functions of the organization. Designs and directs a program to reduce accidents, occupational illnesses, and exposure to long-term health hazards through safety-training of

supervisors and managers, planned inspections, skill training, first-aid care, emergency preparedness, proper job instruction, new employee indoctrination, physical protection, planned job observation, rules and practices, job

analysis/procedures, disposal procedures, and protective equipment. Maintains compliance with governmental regulatory agencies. Responsible for identifying causes of past accidents for taking corrective measures.

No Breakdowns Available - Insufficient Sample Size

© 2011 Risk and Insurance Management Society, Inc. (RIMS) IX - 16 Canadian Data

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2011 Risk Management Compensation Survey

Risk Management Analyst (Enterprise-Wide)

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

Scope

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

All Respondents 27 $75.8 $65.0 $75.0 $81.3 9 $9.5 -- $6.5 -- 9 10.8% 10.0% 27 $78.9 $67.7 $76.0 $87.4 6.2 7.0

Ownership Type

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Publicly Traded 7 $79.0 -- $66.0 -- 5 $11.3 -- $6.5 -- 4 -- -- 7 $87.1 -- $71.5 -- 6.9 8.0

Private 5 $76.0 -- $77.0 -- 3 -- -- -- -- 3 -- -- 5 $81.2 -- $84.0 -- 6.2 6.0

Government 10 $78.1 $73.0 $75.5 $90.0 1 -- -- -- -- 2 -- -- 10 $78.3 $73.0 $75.5 $90.0 7.0 8.5

Not-for-Profit 4 -- -- -- -- 0 -- -- -- -- 0 -- -- 4 -- -- -- -- -- --

Revenue

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Less than $100 Million 7 $66.6 -- $68.0 -- 2 -- -- -- -- 2 -- -- 7 $67.4 -- $72.0 -- 6.0 4.0

$100 - $250 Million 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

$250 - $500 Million 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --

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

$1 - $5 Billion 2 -- -- -- -- 0 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --

$5 - $10 Billion 1 -- -- -- -- 1 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --

Greater than $10 Billion 3 -- -- -- -- 2 -- -- -- -- 2 -- -- 3 -- -- -- -- -- --

Degree

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

High School/Associate Degree 5 $83.2 -- $81.3 -- 2 -- -- -- -- 1 -- -- 5 $84.5 -- $81.3 -- 8.6 10.0

Bachelors 17 $74.9 $65.0 $75.0 $80.0 4 -- -- -- -- 5 12.8% 12.0% 17 $79.0 $66.0 $75.0 $84.0 5.6 4.0

MA/MS 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --

MBA 1 -- -- -- -- 0 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --

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

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

Supervisory Responsibility

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

No 23 $69.6 $61.0 $75.0 $77.0 7 $6.4 -- $6.5 -- 8 9.6% 10.0% 23 $71.5 $66.0 $75.0 $80.0 5.6 4.0

1 or Fewer 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

From 1 to 3 2 -- -- -- -- 1 -- -- -- -- 1 -- -- 2 -- -- -- -- -- --

From 3 to 5 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --

More than 5 2 -- -- -- -- 1 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --

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

management issues and developing methodologies for the assessment of risks throughout the organization.

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

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2011 Risk Management Compensation Survey

Risk Management Analyst (Enterprise-Wide)Supports the risk manager regarding all aspects of the enterprise-wide risk management program. Responsibilities include facilitating the identification of risks throughout the organization, developing, reporting and monitoring formats on risk

management issues and developing methodologies for the assessment of risks throughout the organization.Cash Compensation (All dollar amounts are displayed in CAD $000s)

Scope

Industry

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Government 10 $78.1 $73.0 $75.5 $90.0 1 -- -- -- -- 2 -- -- 10 $78.3 $73.0 $75.5 $90.0 7.0 8.5

Scope

Province

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

AB 9 $82.7 -- $76.5 -- 4 -- -- -- -- 5 11.4% 10.0% 9 $88.3 -- $76.5 -- 6.8 8.0

BC 5 $80.6 -- $76.6 -- 0 -- -- -- -- 1 -- -- 5 $80.6 -- $76.6 -- 6.6 9.0

ON 10 $72.8 $61.0 $73.5 $90.0 5 $6.9 -- $6.7 -- 3 -- -- 10 $76.3 $66.0 $78.0 $94.5 5.8 5.5

Respondent Characteristics

Male 37.0% Yes 14.8%

Female 48.1% No 85.2%

Did Not Indicate 14.8% Did Not Indicate 0.0%

High School/Associate Degree 18.5% Incentive Stock Options (ISOs) 0.0%

Bachelors 63.0% Non-Qualified Stock Options (NQSOs) 0.0%

MA/MS 3.7% Restricted Stock 25.0%

MBA 3.7% Stock Appreciation Rights (SARs) 0.0%

JD 0.0% Performance Shares 0.0%

MD 0.0% Performance Units 0.0%

Ph.D 0.0% Long-Term Cash 0.0%

Other 11.1% None of the Above Received 75.0%

* Only includes those eligible for LTI

Parent 40.7% Yes 14.8%

Division 22.2% No 85.2%

Subsidiary 11.1%

Single Location 14.8%

Other 11.1%

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

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

Gender Long-Term Incentive Eligible

Degree Type of Long-term Incentives Received*

Type of Organization Where Employed Supervise Individuals

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2011 Risk Management Compensation Survey

Risk Management Analyst

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

Scope

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

All Respondents 42 $69.6 $60.0 $66.5 $75.0 16 $13.0 $5.0 $9.1 $12.5 12 11.3% 10.0% 42 $74.6 $60.0 $69.0 $84.0 6.2 5.0

Ownership Type

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Publicly Traded 10 $77.6 $65.0 $74.5 $83.0 7 $12.1 -- $9.6 -- 4 -- -- 10 $86.1 $65.0 $82.7 $92.6 6.8 3.5

Private 11 $59.4 $43.0 $60.0 $68.0 5 $8.2 -- $8.5 -- 3 -- -- 11 $63.1 $43.0 $60.0 $75.6 4.5 4.0

Government 17 $71.1 $58.0 $66.0 $80.0 2 -- -- -- -- 3 -- -- 17 $75.1 $60.6 $67.0 $82.0 7.3 7.0

Not-for-Profit 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --

Revenue

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Less than $100 Million 5 $61.8 -- $52.0 -- 0 -- -- -- -- 2 -- -- 5 $61.8 -- $52.0 -- 4.9 5.0

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

$250 - $500 Million 3 -- -- -- -- 1 -- -- -- -- 0 -- -- 3 -- -- -- -- -- --

$500 Million - $1 Billion 6 $67.1 -- $65.5 -- 1 -- -- -- -- 1 -- -- 6 $67.9 -- $65.5 -- 7.0 5.0

$1 - $5 Billion 7 $74.2 -- $74.0 -- 6 $7.7 -- $7.0 -- 3 -- -- 7 $80.7 -- $84.0 -- 5.7 5.0

$5 - $10 Billion 3 -- -- -- -- 2 -- -- -- -- 1 -- -- 3 -- -- -- -- -- --

Greater than $10 Billion 3 -- -- -- -- 1 -- -- -- -- 2 -- -- 3 -- -- -- -- -- --

Degree

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

High School/Associate Degree 9 $76.3 -- $67.0 -- 5 $13.0 -- $9.6 -- 4 -- -- 9 $83.5 -- $71.0 -- 10.4 8.0

Bachelors 20 $65.4 $56.5 $65.5 $74.5 9 $7.4 -- $6.4 -- 5 10.2% 10.0% 20 $68.7 $56.5 $66.0 $81.7 4.0 3.5

MA/MS 1 -- -- -- -- 0 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --

MBA 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --

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

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

Supervisory Responsibility

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

No 31 $68.0 $60.0 $66.0 $74.0 12 $10.3 $5.0 $7.5 $12.5 11 11.5% 10.0% 31 $72.0 $60.0 $67.0 $81.4 6.0 5.0

1 or Fewer 5 $78.0 -- $83.0 -- 4 -- -- -- -- 1 -- -- 5 $94.8 -- $99.5 -- 10.2 10.0

From 1 to 3 3 -- -- -- -- 0 -- -- -- -- 0 -- -- 3 -- -- -- -- -- --

From 3 to 5 3 -- -- -- -- 2 -- -- -- -- 1 -- -- 3 -- -- -- -- -- --

More than 5 2 -- -- -- -- 0 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --

Supports the risk manager regarding all aspects of a financial risk management and/or corporate insurance program. Responsibilities include the development, implementation and application of risk metrics and methodologies and the

monitoring, analysis and reporting of financial risk exposures. Responsibilities may also include compilation of underwriting information and coverage placement, claims administration, loss forecasting, and analysis to assist in loss reduction.

Supports organizational compliance with risk policies through regular risk exposure monitoring and reporting. Responsible for documenting and reporting risk policy exceptions to risk committee.

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

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2011 Risk Management Compensation Survey

Risk Management AnalystSupports the risk manager regarding all aspects of a financial risk management and/or corporate insurance program. Responsibilities include the development, implementation and application of risk metrics and methodologies and the

monitoring, analysis and reporting of financial risk exposures. Responsibilities may also include compilation of underwriting information and coverage placement, claims administration, loss forecasting, and analysis to assist in loss reduction.

Supports organizational compliance with risk policies through regular risk exposure monitoring and reporting. Responsible for documenting and reporting risk policy exceptions to risk committee.

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

Scope

Industry

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Education 5 $62.4 -- $60.0 -- 0 -- -- -- -- 1 -- -- 5 $62.4 -- $60.0 -- 10.0 8.0

Energy 8 $77.6 -- $74.5 -- 4 -- -- -- -- 4 -- -- 8 $85.3 -- $82.7 -- 5.4 3.5

Government 17 $71.1 $58.0 $66.0 $80.0 2 -- -- -- -- 3 -- -- 17 $75.1 $60.6 $67.0 $82.0 7.3 7.0

Scope

Province

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

AB 15 $70.5 $62.0 $68.0 $75.0 5 $14.0 -- $10.0 -- 4 -- -- 15 $75.1 $62.0 $70.0 $81.4 6.4 4.0

BC 9 $74.7 -- $66.0 -- 3 -- -- -- -- 1 -- -- 9 $83.5 -- $82.0 -- 6.0 5.0

ON 11 $65.6 $54.3 $67.0 $75.0 7 $7.8 -- $6.3 -- 5 9.2% 10.0% 11 $70.6 $60.0 $68.0 $90.0 6.6 4.0

Respondent Characteristics

Male 35.7% Yes 28.6%

Female 61.9% No 71.4%

Did Not Indicate 2.4% Did Not Indicate 0.0%

High School/Associate Degree 21.4% Incentive Stock Options (ISOs) 25.0%

Bachelors 47.6% Non-Qualified Stock Options (NQSOs) 0.0%

MA/MS 2.4% Restricted Stock 16.7%

MBA 2.4% Stock Appreciation Rights (SARs) 8.3%

JD 0.0% Performance Shares 16.7%

MD 0.0% Performance Units 8.3%

Ph.D 2.4% Long-Term Cash 8.3%

Other 23.8% None of the Above Received 33.3%

* Only includes those eligible for LTI

Parent 52.4% Yes 26.2%

Division 19.0% No 73.8%

Subsidiary 7.1%

Single Location 11.9%

Other 9.5%

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

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

Gender Long-Term Incentive Eligible

Degree Type of Long-term Incentives Received*

Type of Organization Where Employed Supervise Individuals

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2011 Risk Management Compensation Survey

Claims Analyst

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

Scope

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

All Respondents 6 $59.0 -- $61.1 -- 2 -- -- -- -- 2 -- -- 6 $59.8 -- $61.1 -- 5.5 3.5

Ownership Type

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Publicly Traded 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --

Private 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --

Government 3 -- -- -- -- 0 -- -- -- -- 0 -- -- 3 -- -- -- -- -- --

Not-for-Profit 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --

Revenue

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

Less than $100 Million 2 -- -- -- -- 1 -- -- -- -- 1 -- -- 2 -- -- -- -- -- --

$100 - $250 Million 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

$250 - $500 Million 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

$500 Million - $1 Billion 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

$1 - $5 Billion 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

$5 - $10 Billion 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Greater than $10 Billion 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Degree

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

High School/Associate Degree 2 -- -- -- -- 0 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --

Bachelors 2 -- -- -- -- 1 -- -- -- -- 1 -- -- 2 -- -- -- -- -- --

MA/MS 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

MBA 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

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

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

Supervisory Responsibility

# of

Resp. Average 25th pct

50th pct

(median) 75th pct

# of

Resp. Average 25th pct

50th pct

(median) 75th pct # of Resp. Average

50th pct

(median)

# of

Resp. Average 25th pct

50th pct

(median) 75th pct Average

50th pct

(median)

No 6 $59.0 -- $61.1 -- 2 -- -- -- -- 2 -- -- 6 $59.8 -- $61.1 -- 5.5 3.5

1 or Fewer 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

From 1 to 3 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

From 3 to 5 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

More than 5 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --

Reviews first and third party claims for irregularities, accuracy and completeness. Requests additional information, where necessary, for completion of claim processing. Reviews claims for eligibility. Maintains updated records and prepares

required reports. Assists in claims cost control. Performs the design, analysis and delivery of claim information. Contacts individuals about claims and coordinates the handling of benefits. This role focuses on operational effectiveness in

support of claims management strategies. Understands and performs domestic and/or international claim programs, policies, and procedures for: reporting, investigation, and analysis; litigation management; resolution/outcome

management; and the delivery of claim information. Handles mostly routine non-complex claims but, may handle litigated and moderately complex claims with limited settlement authority.

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

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2011 Risk Management Compensation Survey

Claims AnalystReviews first and third party claims for irregularities, accuracy and completeness. Requests additional information, where necessary, for completion of claim processing. Reviews claims for eligibility. Maintains updated records and prepares

required reports. Assists in claims cost control. Performs the design, analysis and delivery of claim information. Contacts individuals about claims and coordinates the handling of benefits. This role focuses on operational effectiveness in

support of claims management strategies. Understands and performs domestic and/or international claim programs, policies, and procedures for: reporting, investigation, and analysis; litigation management; resolution/outcome

management; and the delivery of claim information. Handles mostly routine non-complex claims but, may handle litigated and moderately complex claims with limited settlement authority.

Respondent Characteristics

Male 0.0% Yes 16.7%

Female 100.0% No 83.3%

Did Not Indicate 0.0% Did Not Indicate 0.0%

High School/Associate Degree 33.3% Incentive Stock Options (ISOs) 0.0%

Bachelors 33.3% Non-Qualified Stock Options (NQSOs) 0.0%

MA/MS 0.0% Restricted Stock 0.0%

MBA 0.0% Stock Appreciation Rights (SARs) 0.0%

JD 0.0% Performance Shares 0.0%

MD 0.0% Performance Units 0.0%

Ph.D 0.0% Long-Term Cash 0.0%

Other 33.3% None of the Above Received 0.0%

* Only includes those eligible for LTI

Parent 100.0% Yes 0.0%

Division 0.0% No 100.0%

Subsidiary 0.0%

Single Location 0.0%

Other 0.0%

Gender Long-Term Incentive Eligible

Degree Type of Long-term Incentives Received*

Type of Organization Where Employed Supervise Individuals

© 2011 Risk and Insurance Management Society, Inc. (RIMS) IX - 22 Canadian Data