Insurance Industry Compensation Surveys
Ward Group conducts compensation surveys specifically designed for the insurance industry to help companies gauge the market and develop competitive HR practices and compensation plans. As part of McLagan, the global leader in financial services compensation studies, we conduct 600+ annual global surveys covering all forms of compensation measured across divisions, businesses, roles and firm types. Our insurance compensation surveys provide benchmark compensation data to analyze salaries and incentives for virtually every insurance position, as well as other key functions that support the business.
Insurance Compensation Surveys:
Sampling of Cross-Survey Functions
- Top Management
- Product Management
- Customer Service / Call Center
- Finance and Business Services
- Human Resources
- Legal and Compliance
- Communication and Marketing
- Information Technology
- Risk Management
- Corporate and General Services
- Administrative Support
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 and brokers can compare their compensation practices against customized benchmark groups, including top performers.
For more information or to participate in a compensation survey, contact Kaitlyn Isley or call 203-602-1202.