X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
The survey also found U.S. executives with the title and responsibilities most closely aligning with “Director of Insurance” and “Risk Management” saw nearly a $19,000 salary increase over the two-year period, which is the largest increase among those surveyed. (Credit: Adobe Stock) The survey also found U.S. executives with the title and responsibilities most closely aligning with “Director of Insurance” and “Risk Management” saw nearly a $19,000 salary increase over the two-year period, which is the largest increase among those surveyed. (Credit: Adobe Stock)

Salaries have shot upward for risk professionals, say results of the RIMS 2021 Compensation Survey, released January 25, 2022. They found those in the United States saw an average 12.6% base salary increase between 2019 and 2021, and the average salary of Canadian risk pros increased 15.9% in the same time period.

According to RIMS, this increase was pretty equal between the sexes in the U.S.. Male professionals, on average, saw an increase of 12.5% and, the base salary of female professionals increased 12.8%. In Canada, however, female risk professionals saw an average 18% salary increase, while men received an average pay bump of just 8%.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

Brittney Meredith-Miller

Brittney Meredith-Miller is assistant editor of PropertyCasualty360.com. She can be reached at [email protected]

More from this author

Dig Deeper

 

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2022 ALM Global, LLC. All Rights Reserved.