Compensation Surveys

Ward Group conducts compensation surveys for insurance companies to analyze employee salaries and incentives by position. The surveys are designed specifically for insurance companies to gauge the market and develop competitive HR practices and compensation plans. We provide benchmark compensation data for virtually every insurance position, as well as other key functions that support the business.

Key Functions Coverage:

Property-Casualty Property-Casualty Roles Top Management Sales and Marketing Actuarial Product Management Underwriting Policy Administration Payment Processing Customer Service / Call Center Claims Operational Support Infrastructure Finance and Business Services Treasury Human Resources Legal and Compliance Communication and Marketing Information Technology Risk Management Corporate and General Services Administrative Support

Life Management & Administration Corporate/Divisional Mgmt Actuarial Asset/Liability Management Risk Management Finance & Accounting Underwriting Claims Policy Administration Legal & Compliance Human Resources Sales & Marketing Sales Management Captive Agency Management External/Internal Wholesaling Key Account Management Advanced Markets Services Group Sales & Relationship Mgmt Group Sponsor Administration Product Mgmt & Marketing Graphics/Art Design

Pay data elements include:

• Prior year and current year base salary
• Both target and actual annual cash incentive
• Both target and actual total cash
• Long-term/deferred awards
• Total compensation

The compensation surveys can be combined with the firm’s operational and financial benchmarks to help companies assess their pay levels, understand compensation relative to performance and develop competitive compensation plans. Insurers can compare their compensation practices against customized benchmark groups, including top performers.

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