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.
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.
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:
|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)|
For specific questions relating to the survey, please contact Kaitlyn Isley with Ward Group at (203) 602-1202 or firstname.lastname@example.org . For general survey questions, please contact NAMIC at email@example.com or call (317) 875-5250.
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.