Executive Pay Practices
2015 EXECUTIVE PAY PRACTICES STUDY
We are pleased to announce that the 2015 Executive Pay Practices Study results are available. There were 55 carriers that participated in the study, providing extensive data regarding organizational structure, compensation planning, incentive compensation design, and additional benefits offered to executives. NAMIC partnered with Ward Group, a part of Aon Hewitt, to conduct the 2015 Executive Pay Practices Study. Ward Group, a business unit of Aon plc, is the leading provider of benchmarking services for property/casualty insurance companies.
This study will be conducted every other year; the next launch year is 2017.
NAMIC Members participating in both the Property/Casualty Compensation Survey and Executive Pay Practices Study: $500
NAMIC Members and Non-NAMIC members only participating in the Executive Pay Practices Study: $1,000
NAMIC Members and non-members: $1,500
About the Study Data
Participants responded to survey questions providing competitive data for benchmarking executive pay practices for property/casualty insurance executive positions in the following areas:
Executive Pay Practice Strategy
Base Compensation Management
Annual Incentive/Bonus Compensation
Long-term Bonus/Incentive Compensation
Paid Time Off
To view the original survey questions, view the survey documents posted here.
411 Webinar | November 23, 2015 | 12:30 p.m. EST | 2015 NAMIC P/C Executive Pay Practices Study Results Review and Trends Webinar
For a review of the study results and trends, NAMIC members are invited to join us for a 411 webinar on Monday, November 23 at 12:30 pm (EST). Click here if you would like to sign up for the free webinar. The webinar will be recorded if you would like to review the content at a later time.
To access this webinar, you will need to be a registered user and logged in to namic.org