US FSS: Financial Services Suite – Insurance

Minimize the risk of turnover with a strategy backed by data

Buy Now!
US FSS: Financial Services Suite – Insurance image

Insurance of any kind is all about handling risk. How you handle that risk can be the difference in pleasing not only your policyholders but your shareholders as well. Today’s employees within the insurance sector require critical thinking, careful preparation, and above all competitive pay.

Compare your compensation strategy to the market with the Insurance module of the US FSS: Financial Services Suite. Learn what to pay your employees with compensation data collected from 261 organizations for 721 positions. Benchmark your talent strategy across 17 position families or narrow the data by industry sector. Analyze the financial services compensation data available by:

  • Assets
  • Location
  • Ownership
  • Premiums
  • Property and casualty line
  • Property and casualty segment
  • Revenue/Sales
  • Total employment
Are you ready to reduce turnover by embracing a competitive compensation strategy?
  • OVERVIEW
  • Product Details
  • Pricing / Buy Now
  • Survey Schedule
  • Participating Companies
  • Position List & Sample Report
  • 2019 Participation

OVERVIEW

With financial services insurance compensation data from 104,540 employee observations, evaluate your insurance positions from top to bottom.

This survey is powered by Mercer Job Library. This comprehensive job catalog provides you with improved job descriptions for more accurate position matches, clearer relationships between jobs, more specializations, and much more. Learn more or view Mercer Job Library FAQs for more details.

With the move to Mercer Job Library, the Insurance module of the US FSS: Financial Services Suite has expanded to reflect 63 specializations and 721 jobs. Assess your compensation strategy to quantify your level of risk invested in your current and future employees across the following job families:

  • Customer service and contact center operations
  • Data analytics/Warehousing and business intelligence
  • Finance
  • General management
  • Insurance
  • Legal, compliance, and Audit
  • Quality management
  • Sales, marketing and product management

Delivered in Fully Customizable Formats

Survey results are delivered in Mercer WIN®, giving you access to the data through a variety of customizable parameters — including geography, industry, company size, and more. Efficiently organize and analyze the information with Mercer WIN, which enables you to:

  • Compare job descriptions side by side.
  • Change pay elements to support the right level of analysis.
  • Perform function and career-level analysis.
  • Export your data for integration into other systems (data also available as an Excel file).
  • Run presentation-quality detailed or summary reports.

Salary Survey Methodology
Mercer surveys are designed using the most accurate and up-to-date market data practices. Data is collected from HR professionals at participating organizations, and then analyzed for validity, thoroughness, and market representation based on the organization's size, structure, geographic region, or a combination of these factors. A minimum number of incumbents, organizations, and distinct organizations are required in order to report each data element. If minimums are not met, the market data is suppressed ensuring you the highest level of data confidentiality.

Product Details

Survey Statistics

  • # Positions Surveyed: 721
  • # Positions Published: 140
  • # Organizations: 261
  • # Observations: 105,540

Based on data from the 2019 US FSS: Financial Services Suite – Insurance survey. Data minimum and suppression rules account for the difference between the number of positions surveyed and published.

Data Collected

  • Base Pay
  • Employee Turnover
  • Long-term Incentives
  • Organization Data
  • Pay Range Minimums and Maximums
  • Sales Incentive Eligibility and Amounts
  • Sales Incentive Targets
  • Short-term Incentive Eligibility and Amounts
  • Short-term Incentive Thresholds, Targets, and Maximums

Data Analyzed

Type of Industry

  • Commercial Bank
  • Diversified Financial
  • Life Insurance
  • Property & Casualty
  • Workers Compensation

Analyzed By

  • Assets
  • Location
  • Ownership
  • Premiums
  • Property and Casualty Line
  • Property and Casualty Segment
  • Revenue / Sales
  • Total Employment

Position Families Analyzed

  • Compliance
  • Executive
  • Investment Portfolio Management
  • Life Actuarial
  • Life Claims
  • Life Executive
  • Life Risk Management
  • Life Sales
  • Life Underwriting
  • Property & Casualty Actuarial
  • Property & Casualty Claims
  • Property & Casualty Executive
  • Property & Casualty Loss Prevention and Control
  • Property & Casualty Risk Management
  • Property & Casualty Sales
  • Property & Casualty Underwriting
  • Support

Pricing

Version Participant Non-Participant
2019 US FSS: Financial Services Suite — Insurance USD 1,450 USD 4,350

Buy Now

US FSS: Financial Services Suite – Insurance

ATTENTION!
Our shopping cart does not allow multi-currency checkout.

Please complete your other currency purchase before adding a product of a different currency to your shopping cart.

OR

If you need assistance, please contact customer service.

Additional buying options are available. Call us to learn how you can lock in rates for two or more years and qualify for additional discounts.

Please note:

  • Additional users may be added during checkout for USD 200 each per module/survey.
  • Individuals or companies using Mercer data for consulting services or commercial purposes are subject to different rates. Please call for more information.
  • 2019 results now available.

Survey Schedule

  • Participation Opens: March 4
  • Participation Deadline: May 17
  • Date Effective: March 1
  • Report Available: August

Participating Companies

  • AAA Club Alliance
  • AAA Northern California, Nevada and Utah
  • AIPSO
  • AXA XL
  • Acuity Insurance
  • Advisor Group, Inc.
  • Aetna, Inc.
  • Aflac, Inc.
  • AgFirst Farm Credit Bank
  • Allianz Global Corporate & Specialty
  • Allianz Life Insurance Company of North America
  • American Century Investments
  • American Enterprise Group, Inc.
  • American Express Company
  • American Family Insurance
  • American Financial Group, Inc. - ABA Insurance Services
  • American Financial Group, Inc. - Great American Financial Resources, Inc.
  • American Financial Group, Inc. - Great American Insurance Group
  • American Financial Group, Inc. - Mid-Continent Casualty Company
  • American Financial Group, Inc. - National Interstate
  • American Financial Group, Inc. - Republic Indemnity
  • American Financial Group, Inc. - Summit Holdings Southeast, Inc.
  • American Financial Group, Inc. - VanLiner
  • American International Group, Inc.
  • American International Group, Inc. - AIG Property Casualty
  • Amerisure Mutual Insurance Company
  • Ameritas Life Insurance
  • Amica Mutual Insurance Company
  • Anthem, Inc.
  • Arch Insurance Group, Inc.
  • Arch Reinsurance Company
  • Arch US Mortgage Services, Inc.
  • Argo Group International Holdings (US), Ltd.
  • Arthur J Gallagher
  • Associated Bank, N.A.
  • Assurant, Inc.
  • Asurion
  • Automobile Club of Southern California
  • Axis Capital
  • BMW Financial Services NA, LLC
  • Bank of Hawaii
  • Black Knight, Inc.
  • Blue Cross and Blue Shield of Alabama
  • Blue Cross and Blue Shield of Louisiana
  • Blue Cross and Blue Shield of Massachusetts, Inc.
  • Blue Cross and Blue Shield of Michigan
  • Blue Cross and Blue Shield of North Carolina
  • Blue Cross of Idaho Health Service, Inc.
  • BlueCross BlueShield of South Carolina
  • BlueCross BlueShield of Tennessee, Inc.
  • Board of Governors of the Federal Reserve System
  • Boeing Employees Credit Union (BECU)
  • Branch Banking & Trust Company
  • Bremer Financial Corporation
  • Brighthouse Financial
  • CIBC Bank USA
  • CNA Financial Corporation
  • CSAA Insurance Group
  • California Casualty Management Company
  • California Earthquake Authority
  • CareFirst BlueCross BlueShield
  • CareFirst BlueCross BlueShield (Executive)
  • CareSource Management Group Company
  • Cincinnati Financial Corp.
  • Citizens Property Insurance Corporation
  • Columbia Banking System, Inc.
  • Comerica, Inc.
  • Commerce Bancshares, Inc.
  • Compeer Financial
  • Consumers Credit Union
  • Country Financial
  • Credit Acceptance Corporation
  • Cullen/Frost Bankers, Inc.
  • Delta Dental Insurance Company
  • Delta Dental Of Pennsylvania
  • Delta Dental Plan of Michigan, Inc.
  • Delta Dental of California
  • Discover Financial Services
  • EIG Services, Inc.
  • Eaton Vance Management
  • Employers Mutual Casualty Company
  • Equiniti Trust Company
  • Equity Trust
  • Erie Insurance Group
  • Esurance Insurance Services, Inc.
  • FBL Financial Group, Inc.
  • FCCI Insurance Group
  • FM Global
  • Farm Credit Bank of Texas
  • Farmers Insurance Group
  • Federal Home Loan Bank of Atlanta
  • Federal Reserve Bank of Atlanta
  • Federal Reserve Bank of Minneapolis
  • Federal Reserve Bank of Richmond
  • Federated Mutual Insurance Company
  • Fifth Third Bancorp
  • Financial Industry Regulatory Authority (FINRA), Inc.
  • First American Financial Corporation
  • First American Financial Corporation - First American Trust
  • First Financial Bancorp
  • First National Bank of Omaha
  • Florida Blue
  • Frankenmuth Insurance
  • GATX Corporation
  • GEICO
  • GNY Insurance Companies
  • General Electric - General Electric Capital
  • Genworth Financial, Inc.
  • GeoVera Holdings, Inc.
  • Global Indemnity Group, Inc.
  • Golden 1 Credit Union
  • Golden State Farm Credit
  • Grange Mutual Casualty Company
  • Great-West Financial
  • HD Vest, Inc.
  • Hannover Life Reassurance Company of America
  • Health Care Service Corporation
  • Health Care Service Corporation - BlueCross BlueShield of Illinois
  • Health Care Service Corporation - BlueCross BlueShield of Montana
  • Health Care Service Corporation - BlueCross BlueShield of New Mexico
  • Health Care Service Corporation - BlueCross BlueShield of Oklahoma
  • Health Care Service Corporation - BlueCross BlueShield of Texas
  • HealthNow New York, Inc.
  • HealthPartners
  • Highmark Health
  • Hilltop Holdings, Inc.
  • Hitachi Capital America Corp.
  • Horizon Blue Cross Blue Shield of New Jersey
  • Humana, Inc.
  • Hunt Companies
  • Huntington Bancshares, Inc.
  • IMT Insurance
  • Independent Bank
  • Independent Health Association, Inc.
  • Independent Health Association, Inc. - Nova Healthcare Administrators, Inc.
  • JM&A Group
  • Jackson National Life Insurance Company
  • James River Group Holdings
  • James River Group, Inc.
  • Johnson Financial Group
  • K. Hovnanian American Mortgage
  • KeyCorp
  • LPL Financial LLC
  • Legal & General America, Inc.
  • Level One Bancorp, Inc.
  • Liberty Mutual Group
  • Lincoln National Corporation
  • M&T Bank Corporation
  • MAPFRE U.S.A. Corp.
  • MFS Investment Management
  • Maine Community Health Options
  • Manulife Financial Corporation (US)
  • Markel Corporation
  • Medical Mutual of Ohio
  • Merchants Bonding Company (Mutual)
  • Mercury General Corporation
  • MetLife, Inc.
  • Missouri Employers Mutual
  • Modern Woodmen of America
  • Mortgage Guaranty Insurance Corp.
  • Munich Reinsurance America, Inc.
  • Mutual of Omaha - Mutual of Omaha Bank
  • National General Holding Corps
  • National Rural Utilities Cooperative Finance Corporation (NRUCFC)
  • Nationwide Mutual Insurance Company
  • Navient
  • New Jersey Manufacturers Insurance Group
  • New York Community Bancorp, Inc.
  • North American Bancard Holdings, LLC
  • Numerica Credit Union
  • Oakwood Homes
  • Ocwen Financial Corporation
  • One Reverse Mortgage, LLC
  • OneBeacon Insurance Group, Ltd.
  • Origin Bank
  • PACCAR, Inc. - PACCAR Financial
  • PACCAR, Inc. - PACCAR Leasing
  • PSCU, Inc.
  • PTZ Insurance
  • Pacific Premier Bank
  • PartnerRe US
  • Payoneer, Inc.
  • People's United Financial, Inc.
  • Philadelphia Insurance Companies
  • Piper Jaffray Companies
  • Plymouth Rock Assurance Corporation
  • Preferred Mutual Insurance Company
  • ProAssurance Corporation
  • Protective Life Corporation
  • Protective Life Corporation - Asset Protection Division
  • Providence Health & Services - Providence Health Plans
  • QBE Americas, Inc.
  • QIC US Management, Inc.
  • Quicken Loans, Inc.
  • RLI Insurance Company
  • Radian Group, Inc.
  • Regions Financial Corporation
  • Reinsurance Group of America, Inc.
  • Reliance Standard Life Insurance Company
  • Robert W. Baird & Co.
  • Royal Bank of Canada - City National Bank
  • Royal Bank of Canada - RBC Bank
  • Ryan Specialty Group, LLC
  • SAIF Corporation
  • STAR Financial Group, Inc.
  • SchoolsFirst Federal Credit Union
  • Securian Financial Group
  • Security Benefit Corporation
  • Selective Insurance Company of America
  • Sentry Insurance
  • Siemens Financial Services, Inc.
  • Signature Bank
  • Society Insurance
  • Spectrum Health System - Priority Health
  • State Auto Insurance Company
  • State Farm Insurance
  • State Teachers Retirement System of Ohio
  • Stella - Blue Cross Blue Shield Minnesota
  • Sun Life Financial U.S.
  • Sunrise Banks
  • Symetra Financial Corporation
  • TCF National Bank
  • TD Bank, N.A.
  • Texas Life Insurance Company
  • Texas Mutual Insurance Company
  • The Allstate Corporation
  • The AmeriHealth Caritas Family of Companies
  • The AmeriHealth Caritas Family of Companies - PerformRx
  • The AmeriHealth Caritas Family of Companies - Prestige Health Choice
  • The Bar Plan Mutual Insurance Company
  • The Capital Group Companies, Inc.
  • The Dentists Insurance Company
  • The Dentists Insurance Company Insurance Solutions
  • The Doctors Company
  • The Guardian Life Insurance Company of America
  • The Jones Financial Companies, L.L.L.P.
  • The Main Street America Group
  • The Midland Company - American Modern Insurance Group
  • The Northwestern Mutual Life Insurance Company
  • The Options Clearing Corporation
  • The Progressive Corporation
  • The State of North Carolina - Office of State Human Resources
  • Third Bridge (US), Inc.
  • Thrivent Financial
  • Toyota Financial Services
  • Tri Counties Bank
  • U.S. Bancorp
  • UNITE HERE HEALTH
  • UnitedHealth Group
  • Ventas, Inc.
  • Vision Service Plan - VSP Vision Care
  • Vision Service Plan Global
  • WageWorks, Inc.
  • Webster Financial Corporation
  • Webster Financial Corporation - HSA Bank
  • Wells Fargo & Company
  • Westfield Insurance
  • Wisconsin Physicians Service Insurance Corporation
  • WoodmenLife
  • Zions Bancorporation
  • Zurich North America
  • Position List & Sample Report

    Position List

    View the position list and descriptions included in this survey.

    Sample Report

    View a sample report of this survey for a glimpse at what’s included.

    2019 Participation

    2019 Survey Participation is now closed. Survey participation is open to all organizations with matching jobs and is not required to purchase results. To learn more about how you can become a participant, please contact us. As a survey participant, you do receive key benefits:

    • A discount on survey results!
    • An exclusive invitation to survey events - attend results webcasts and meetings where Mercer consultants will review the results and identify market trends and factors. You'll also be able to ask questions directly related to your organization.
    • Ensure your data is included in the market results - easily determine your market position with customized reports that compare your company data to your peers.
    • IsOrderingSetYes
    • Ordering TypeSingleLevelMultiSelection
    • RegionUS
    • Sub TitleMinimize the risk of turnover with a strategy backed by data
    • Short DescriptionEvaluate pay for positions in organizations offering insurance to the public.