US FSS: Insurance

Align your organization for success with a data-driven compensation strategy

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US FSS: Financial Services Suite – Insurance image
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As businesses and individuals look to manage risks and mitigate losses during times of change, the insurance industry always plays a critical role. While each sub-sector of the industry is experiencing today’s changes differently, evaluating the technical skills needed to better engage clients while at the same time handling an increase in request volume is common. A competitive pay strategy is key to finding and keeping the talent you need to effectively address these needs and stay ahead of the competition.

The US FSS: Insurance module arms you with the robust data you need to compensate top talent competitively. Benchmark your strategy against data from more than 260 organizations on over 140 jobs across 17 position families.

Analyze the data by industry type, such as:

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

Current, reliable data
In light of the economic and workforce changes brought on by the COVID-19 pandemic, Mercer conducted a “data refresh” in August to address any market movement that occurred after the initial survey participation period. You will receive the results of the refresh free with your purchase.

This added step to ensure you have access to the most current, reliable data means you can move forward confidently with your pay decisions knowing that your data accurately reflect the market.

Are you ready to embrace a data-driven compensation strategy?

Participation open: March – May

Results publish: August

2020 results available

  • 146 positions published
  • USD 1,500 – 4,500
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Sample report

Position list

Download product snapshot

  • Product Details
  • Pricing / Buy Now
  • Survey Schedule
  • Participating Companies
  • Position List & Sample Report
  • 2021 Participation

Product Details

Survey Statistics

  • # Positions Surveyed: 685
  • # Positions Published: 146
  • # Organizations: 264
  • # Observations: 91,719

Based on data from the 2020 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

This survey is powered by Mercer Job Library. Learn more or view Mercer Job Library FAQs for more details. Survey results are delivered in Mercer WIN® , giving you access to the data through a variety of customizable parameters.

Pricing

Version Participant Non-Participant
2020 US FSS: Financial Services Suite — Insurance USD 1,500 USD 4,500

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US FSS: Insurance

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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.
  • 2020 results are available for purchase and will be delivered upon survey release (late August).

Survey Schedule

  • Participation open: March 1
  • Participation deadline: May 14
  • Data effective: March 1
  • Results publish: August

Participating Companies

View a list of the participating companies included in the US FSS: Insurance here.

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.

2021 Participation

2021 survey participation is now closed. The act of submitting data to a survey is known as survey participation and your company is then viewed as a participant. Survey participation is open to all organizations and is not required to purchase results.

Why should you participate?

  • Align your pay to the market.
  • Maximize your budget by making informed decisions to ensure you are not overpaying or underpaying.
  • Identify “hot jobs” and areas of focus for your company.
  • Secure a significant discount on survey results.
  • Receive invitations to exclusive participant-only events.

To learn more about how you can become a participant, please contact us.

  • IsOrderingSetYes
  • Ordering TypeSingleLevelMultiSelection
  • RegionUS
  • Sub Title Align your organization for success with a data-driven compensation strategy
  • Short DescriptionEvaluate pay for positions in organizations offering insurance to the public.

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