Property/Casualty Compensation Survey


The results of the 2018 Property/Casualty Compensation Survey are now available.

NAMIC has partnered once again with Ward Group to conduct the Property/Casualty Compensation Survey. Ward Group, a business unit of Aon plc, is the leading provider of benchmarking services for property/casualty insurance companies.

Purpose

The ability to understand your competitive pay market is key to ensuring that your company’s pay is aligned with performance. With the Ward Group’s survey, participants can leverage pay data covering more than 1,500 roles ranging from executive positions down to entry-level support roles, with data broken out by geographic region, company size, and company type (mutual versus non-mutual). Results can be combined with the company's operational and financial benchmarks to help companies assess their pay levels; understand compensation relative to performance; and develop competitive compensation plans. Participants can also compare their compensation practices against customized benchmark groups, including top industry performers.

Background and Timeline

Survey coverage includes competitive benchmark compensation data for property/casualty insurance positions as well as infrastructure positions that support the insurance business. Pay data elements include:

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

Survey Timeline

  • February 15 – Data Collection Materials Distributed
  • May 18 – Target Timeline for Submissions Returned to Ward Group
  • August 31 – Distribute Survey Results

Reports

If you would like to enter your data,  contact Ward Group. If you would like to see who participated in the 2018 survey, you can download the pdf list of participants.

Pricing

Survey Participant
NAMIC Members (Premium greater than $50M) $1,650
NAMIC Members (Premium up to $50M) $900
Non-NAMIC Member Participation Fee: $2,000
Survey Non-Participant committing to 2019 survey (NAMIC Members only)
Premium greater than $50M $2,475 now; $825 in 2019
Premium up to $50M $1,350 now; $450 in 2019
Survey Non-Participant NOT committing to 2019 (NAMIC Members only)
2018 results $2,750

Questions?

For specific questions relating to the survey, please contact  Kaitlyn Isley  with Ward Group at (203) 602-1202 or  kaitlyn.isley@mclagan.com . For general survey questions, please contact NAMIC at  compensationsurvey@namic.org  or call (317) 875-5250.

411 WEBINAR RECORDING

Check out the informational webinar below (approximately one hour) from Sept. 12 to learn more about the latest results and trends from the 2018 P/C Compensation Survey.

Contacts

Brian Snyder
Marketing Manager - Products & Services

317.876.4244

  Brian

Susan Morgan
Project Coordinator

317.876.4257

  Susan