Base Salaries & Increases

While most of our surveyed insurance & actuarial professionals received a salary increase in the past year, over a third revealed that they feel underpaid compared to their peers - a notable statistic given that job confidence is high. Small annual increases may not be enough to protect retention or secure new hires. Employers should benchmark salaries regularly against current market rates, and address any gaps before they lead to offer-stage challenges or resignations. For custom compensation benchmarking across insurance & actuarial roles, get in touch with our team today.

QUESTION 3

Has your base salary changed in the last year?

0%

Increased

0%

Decreased

0%

No change

QUESTION 4

If your base salary increased, by how much?

0%

1-5%

0%

6-10%

0%

11-15%

0%

16-20%

0%

21-29%

0%

30%+

“Many larger insurance companies have internal equity structures, so there is not always much flexibility on base salary or bonuses. Candidates are also asking for higher compensation, and some firms have not increased their ranges to keep up with inflation, market demand, or the level of talent they want to hire. It can be challenging to find the strongest candidates within certain compensation ranges, making expectation-setting and clear communication critical throughout the entire hiring process.”