Since 2004 the cost of risk has increased 12 cents for every $1,000 of revenue for large and midsize accounts, and appears to be stabilizing, according to a new report.
The annual study released by insurance broker Marsh said the cost of risk stood at $2.68 for every $1,000 of revenue. This was a modest increase of 4 percent over 2004, where the cost of risk stood at $2.56 for every $1,000 of revenue.
Marsh, a subsidiary of New York-based services firm Marsh & McLennan Companies, said the conclusions were drawn from data compiled last year from 1,638 businesses and government entities in its data bank.
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