Compensation Benchmarking Home / McLagan Products / Compensation Benchmarking / Insurance Join Our Mailing List Insurance Insurance carriers of all kinds—including property and casualty, life, brokerage, P&C reinsurance and specialty insurance firms—rely on the McLagan survey platform to meet their compensation benchmarking needs. To learn more about our insurance surveys and how our surveys work, click the links below: Database Scope Participating Firms Job Library Compensation Data Elements What Sets McLagan Apart? Pricing, Access & Support See McLaganLive in Action Want to See More? Request a Demo Database Scope The McLagan Insurance Surveys provide HR and compensation professionals with the most comprehensive rewards insights from more firms, incumbents, and countries on a single survey platform than any other data provider. Our surveys span: 130+ Property & Casualty Insurance Firms 45+ Life Insurance Firms 45+ Insurance Brokerage Firms 25+ Global Reinsurance Firms Participating Firms Insurers around the world rely on McLagan surveys to identify, attract and retain talent in a highly-competitive market. We have a track record of working with leading firms, including: 19 of the 20 Top Life Insurance Firms 8 of the 10 Top Insurance Brokers 8 of the 10 Top Reinsurance Firms But that’s only scratching the surface of the hundreds of insurance firms enrolled in our database and thousands of firms across the financial services sector. Navigating a highly competitive talent market requires comprehensive compensation data from a wide array of peers. We’ve got you covered so you can take a data-driven approach to compensation decisions. ► For a full list of participating industry peers, please click here. Job Library The McLagan Benchmarking Code is designed to capture the uniqueness of each firm type and the talent needed to support it. We analyze compensation levels across key roles and functional areas, including: Actuarial Services Advanced Markets Services Captive Agency Management Captive Agency Wholesaling Carrier Placements Ceded Reinsurance Claims Claims Compliance Copywriting Corporate Owned Life Insurance Sales Corporate Sales Customer Service/Call Center Direct Retail/Branch Sales Employee Benefit Data Analytics Finance & Accounting Group Employee Education Group Plan Installation Independent Agency/Broker Wholesaling Intermediary/Producer Services Internal Sales and Sales Support Key Account Management Legal Mergers and Acquisitions National Practice Group Payment Processing Policyholder Services Predictive Analytics Producer Sales Underwriting To further capture pay distinctions, data is also broken out by firm size (direct written premium), firm type (stock versus mutual), region, specialty lines of business and more. ► To learn more about our job and business line coverage, contact us today. Compensation Data Elements All McLagan surveys are designed to empower decision-makers to set pay with confidence across numerous rewards elements on a job-by-job basis and cover all direct forms of pay, including: Salary Cash Bonus Bonus Eligibility Commissions Deferred Cash Stock Salary Performance Vested Award Overtime Overtime Eligibility Allowances (cars, housing, role based, etc.) New Sales Production Renewal Sales Production What Sets McLagan Apart? We partner with the world's leading insurance firms to assess their pay level competitiveness, align pay systems with business strategy, and achieve superior levels of people and business performance. Here's how: A Dedicated Team Each client is matched with a dedicated relationship manager who is available to provide support at every stage of the survey process—from job matching to interpreting results. Exclusive Industry Events Every year we host exclusive client roundtables and webinars designed for networking, meeting industry leaders, and staying ahead of industry trends and best practices. Backed and Sponsored by Industry Organizations Our surveys are sponsored by key industry organizations such as the National Association of Mutual Insurance Companies (NAMIC) and the Council of Insurance Agents & Brokers (CIAB). Unmatched Insights That Go Beyond Compensation Our market practice studies provide rich insights into human resources, compensation, and performance practices, including critical topics such as diversity and inclusion; technology staffing and pay; and recruiting, training and development. Performance Benchmarking and Best Practices By analyzing staff levels, compensation, business practices and expenses for all areas of insurance company operations, we help insurers measure results compared to peer groups, optimize performance and improve profitability. To learn more about performance benchmarking for insurers, click here. Pricing, Access & Support McLagan survey fees vary based upon your benchmarking goals. To request pricing information for the McLagan Insurance surveys, please click here. All subscriptions to McLagan surveys include 24/7 access to McLaganLive, our online survey reporting environment. Our dedicated team is committed to supporting clients throughout the survey process—from input to employee matching to analyzing results. A relationship manager will be your contact for training and inquiries every step of the way. Request a Demo We'd love to give you a personal tour of McLaganLive and share more about our compensation surveys. Let us know how best to reach you and we'll be in touch shortly. (All form fields are required.) 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