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Exclusive - Insurance executive pay: Two European countries dominate

Written by Oliver Wade
01/04/2019

Remuneration packages among insurance executives across Europe vary significantly, though there were two European countries, highlighted by Insurance Asset Management, that were the most lucrative.

Insurance Asset Management has analysed and broken down the remuneration packages of the chief executive officers (CEOs) and chief financial officers (CFOs) of Europe’s 25 largest insurers, having measured and ranked them according to the value of assets they hold under management (AUM).

In the research, we assessed the geographical differences in salaries and total pay packets, calculated how much each executive earned per million AUM, whether the salaries remained consistent year-on-year, the gender demographic, and how big of an impact the size of the insurer had on the total remuneration package.

Commenting on the findings, Insurance Asset Management editor Adam Cadle said: “Our team of journalists has explored and analysed numerous financial statements, conducted a number of dialogues with the insurers themselves, and examined the theme of diversity in the challenging world of insurance, an extremely topical area at the moment.

“The findings are, in some cases, surprising, and the varying pay packets across differing geographies are of particular interest, something that has not been touched upon before now in the media.

“Insurance Asset Management aims to keep our readers continually informed with breaking information, and will be drawing up future research investment pieces in due course.”

To read the exclusive report from Insurance Asset Management, click here.

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