Property Casualty Insurers of America

During this global economic crisis, property and casualty insurers must remain focused and disciplined in their underwriting and risk management practices. There should be a strong link between pay and the desired objectives of the company to keep executives focused. Despite a 96% drop in net income, U.S. property and casualty insurers remain well-capitalized according to research by the Property Casualty Insurers Association of America. Link to PCI site here. Experience tells us that property and casualty insurers typically have been more conservative in underwriting and investing than their banking counterparts and this disciplined approach to risk-taking should bode well for the industry. However, in order to maintain that discipline, insurers must design meaningful and appropriate compensation programs to drive their businesses forward. The experienced professionals at Compensation Resources, Inc. can assist compensation committees and HR directors in setting appropriate performance goals to align the interests of the leadership team with company goals. Please call us at 201-934-0505 if you have any questions regarding executive or employee focus, motivation or retention needs.