Posted on 16 Sep 2010
The Property Casualty Insurers Association of America's (PCI) annual Insurance Compensation Survey shows that property casualty insurance companies are projecting average salary budget increases of 3.1 percent in 2011, which is slightly higher than the 2.8 percent increase reported in 2010.
“Even in these tough economic times, salary budgets within the property casualty insurance industry appear to be holding steady,” said Elysa Robin, director of human resources for PCI. “While we saw a slight dip in 2010, salary budget increases in 2011 may rebound to the percentages available in 2009. This is good news and shows the strength and stability of the property casualty insurance sector.”
The PCI Insurance Compensation Survey includes information for over 60 benchmark jobs in the property casualty insurance industry. This year 157 companies participated in the survey which provides a wealth of current information about industry compensation practices.
The complete results of the survey can be purchased for $2,095 (PCI members can purchase the results for $750). To purchase a copy of the survey, please contact Swapna Thomas at PCI.Surveys@pciaa.net.