Instant Insights / The Business of Insurance

What's happening in insurance today? From market changes and M&A activity to new coverages, the insurance industry is ever-evolving. To stay up-to-date on the business, these articles, which are curated quarterly, will help insurance professionals maintain a competitive edge.

Research

Risk professionals earned less in 2019 than in 2017, RIMS survey says

The 2019 Risk Management Compensation Survey reveals interesting salary differences in the field based on education, position, location, and more.

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The 2019 RIMS Compensation survey collected more than 1,200 responses from U.S. and Canadian risk professionals. (Photo: Shutterstock)

RIMS newly released 2019 Risk Management Compensation Survey reveals risk professionals at all levels and responsibilities in the U.S. experienced an average 1.7% base salary decrease in 2019 compared to 2017. In Canada, risk practitioners saw an even more significant reduction of 4% in average base salary for the same period.

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Heather Turner

Heather Turner is digital managing editor of NU PropertyCasualty360.

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