From the April 16, 2012 issue of National Underwriter Property & Casualty • Subscribe!

Risk Manager Compensation Survey

As the threats faced by businesses continue to grow ever-more complex, the spectrum of responsibilities handled by risk managers widens in tandem. And while that greatly expanding portfolio of challenges is not necessarily reflected in ballooning compensation packages, salaries in the field do remain steady—and job satisfaction remains high.

NU’s annual Risk Manager Compensation Survey, conducted in partnership with Logic Associates, a premier executive-recruiting firm for risk managers, gathered data on compensation packages and professional perks and also inquired about other vital elements of their risk-management jobs, such as reporting structures and education levels.

Overall average salaries, the survey revealed, are up just slightly ($1,000) to $120,375, while average bonuses increased $6,868 to $27,911.

Bill Perry, president of Logic Associates, says one way risk managers can stand out in the marketplace and command a salary premium is by having ample experience managing global risks: “It all comes back to international. All risk managers should strive to get international experience and exposure.”

Click here for the Risk Manager Compensation Survey Page 1

Click here for the Risk Manager Compensation Survery Page 2

Click here for the Risk Manager Compensation Survery Page 3

Click here for the Risk Manager Compensation Survery Page 4

Click here for the Risk Manager Compensation Survery Page 5

Comments

Resource Center

View All »

Making Coverage Letters Work for Your Clients

If you're a broker or insurance buyer with any length of service in the commercial...

Complimentary White Paper: The Compression of Workplace Time

How brokers and carriers respond to the compression of workplace time will create significant competitive...

The Changing Insurance Consumer: 6 Ways to Create Profitable Relationships

Today’s mobile and web-savvy consumers have new expectations when it comes to interacting with your...

Contractors General Liability Coverage 102

What is a prior work exclusion? Which option is right for my client? Why do...

Sign up today to get a 50% matching credit -...

Insurance marketing sometimes seems like it's a game of swings and misses, but we're here...

Guide: 5 Steps to Selling Cyber

Cyber risk and data security is on the agenda of every business owner and executive....

Citation Correlation

Do rigger and signalperson qualifications correlate with the cause of crane and rigging accidents? ...

Complete Guide to Electronic Signatures in Property & Casualty Insurance...

In property and casualty insurance, closing new business quickly is key. Learn how to leverage...

INSTANT ACCESS: Complimentary Sales Closer Questionnaires

Help property owners or managers compare your commercial residential property insurance coverage vs. the competition....

Determining Vacant Property Perils and Valuations

Are your clients fully covered for Vacant Properties? In this economic climate, your insureds may...

PropertyCasualty360 Daily eNews

Get P&C insurance news to stay ahead of the competition in one concise format - FREE. Sign Up Now!

Advertisement. Closing in 15 seconds.