PCI Insurance Industry Salary Survey Projects Flat budget Growth for 2010

Property Casualty Insurers Association of America

PCI, Property Casualty Insurers Association of America >

October 12, 2009 >
PCI Insurance Industry Salary Survey Projects Flat budget Growth for 2010 >

CHICAGO – Despite these tough economic times, salary budgets within the property casualty insurance industry appear to be holding steady according to the Property Casualty Insurers Association of America (PCI) Insurance Compensation Survey. The survey shows that property casualty insurance companies are projecting average salary budget increases of 3.4 percent in 2010, which is the same percent increase reported in 2009. This compares to average salary budget increases of 4.0 percent in 2008. >

The PCI insurance compensation survey includes information for over 60 benchmark jobs in the property casualty insurance industry. This year 160 companies participated in the survey which provides a wealth of current information about industry compensation practices. >

A new element of this year’s survey includes a section on the economic conditions for the positions surveyed. This section is important because it addresses how organizations have been affected by the current economic climate and what they plan to do in the future to adjust to the changing conditions. Also new this year is information about the timing of salary increases. The survey contains a strong matched sample comparison which helps prevent the data from being overly influenced by fluctuation of participants from year to year. >

To purchase a copy of the survey, please contact Swapna Thomas at swapna.thomas@pciaa.net.>
PCI is composed of more than 1,000 member companies, representing the broadest cross-section of insurers of any national trade association. PCI members write over $180 billion in annual premium, 37.4 percent of the nation’s property casualty insurance. Member companies write 44 percent of the U.S. automobile insurance market, 30.7 percent of the homeowners market, 35.1 percent of the commercial property and liability market, and 41.7 percent of the private workers compensation market.

Access Original post: http://www.pciaa.net/LegTrack/web/NAIIPublications.nsf/lookupwebcontent/6F09F74B81852D4B8625764D00485D6?opendocument


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http://dreamlearndobecome.blogspot.com This posting was made my Jim Jacobs, President & CEO of Jacobs Executive Advisors. Jim also serves as Leader of Jacobs Advisors' Insurance Practice.