Contacts:

Insurance Technology (Insurtech)

The future of rewards is being built before your eyes. And as one of the newest disruptors, insurtech is taking part in this evolution. This means that the race for talent is on and having the right data is essential to setting pay with confidence and attracting your next critical hire.

Technology Focused Expertise

Our Insurtech Compensation Survey combines our leading fintech and insurance industry expertise and delivers up-to-date compensation data on professionals across major functional areas, business lines, and geographic locations. Our Insurtech Survey is linked to both our broad financial services survey suite, including the insurance industry, as well as technology sector coverage from Radford. To see insurance participants, click here. To view a list of past insurtech participants, please click here


225+
Participating
Fintech Firms


250+
Participating
Insurance Firms


500,000+
Incumbents with
Reported Results

Enhanced Analytics and Reporting

If desired, clients that participate in and purchase insurtech results for multiple countries can also receive a global enhanced summary report detailing their competitive market positioning across a broad range of metrics including total compensation spend, mix of pay, mix of seniority level, gap to market, and more.

Our enhanced output for the insurtech and financial technology industry provides an additional lens on the data that is not shown in the standard survey output. This enhanced report provides relevant and important feedback to the clients on their aggregate competitive position in the market broken down by their financial technology roles, as well as Corporate Infrastructure roles (e.g., HR, finance, legal, marketing, etc.) roles and geographic regions.

As part of the enhanced summary report, clients also receive a cross-industry view illustrating median total compensation rates by seniority level for both the financial services and high-tech industries.

Comprehensive Compensation Intelligence

Our surveys are designed to provide clients with the tools needed to set pay confidently across every rewards element and on a job-by-job basis. Key pay elements available in all published countries and within our targeted insurtech reports include:

  • Base Salary
  • Cash Bonus
  • Target Cash Incentives
  • Total Cash Compensation
  • Cash Incentives as % of Salary
  • Overtime
  • Long-Term / Deferred Awards
  • Total Direct Compensation
     

Coverage of Key Divisions and Functions

We analyze compensation levels across key roles and functional areas within the insurtech industry.

Senior Management

  • Chief Executive Officer
  • Chief Technology Officer
  • Cheif Human Resources Officer

Technology

  • Application and Infrastructure Architecture
  • Application Development, Maintenance, and Support

Insurance

  • Underwriting
  • Claims
  • Actuarial
  • Call Center

Beyond Financial Services: McLagan and Radford

Insurtech firms sit in a unique space. Firms must be ready and able to attract talent from both the financial services and high-tech sectors to meet the ever-changing needs of the market. With Radford, we are uniquely positioned and equipped to assist clients in navigating the changing marketplace. As market leaders in each of our respective sectors, McLagan and Radford have the combined data and consulting resources required to tackle your most complex rewards challenges in a rapidly converging industry.

Moving Beyond Pay: Market Intelligence and Insights

Our market practices studies provide clients with the deep industry knowledge and insights needed to maintain competitive position, drive organizational change, execute long-term business strategies and drive results. Some of our Market Practice Studies include:

  • Compensation Level and Practice Trends / Quarterly Financial Benchmarking
  • HR Policies and Practices
  • Infrastructure Graduate Recruitment
  • Investment Banking Analyst and Associate
  • Long-term Incentive and Mandatory Deferral
  • Salary Administration and Merit Budget
  • Sales Incentive Plans
  • Severance

To learn more about our Market Practice Studies, please click here.

Survey Pricing, Access, and Support

Fees for McLagan compensation surveys vary based on size of firm, geographic footprint, and number of incumbents matched.

Survey purchases include 24/7 access to McLaganLive. This puts survey results and insights in reach at all times.

All survey clients are assigned a dedicated Relationship Manager to provide benchmarking support during the survey input, position and employee level analysis, and access to webinars and roundtables where clients receive the latest in hot topics in the market and networking opportunities with industry peers. We provide a variety of rewards and compensation advisory solutions to assist clients with their compensation, performance, and talent strategies.