2024 Insurance Compensation Study

Whether selling commercial or personal lines across a variety of coverage types, economic uncertainties and changing market dynamics have caused a shift in the insurance industry’s traditional go-to-market models. This study is designed to provide compensation, productivity and incentive plan data and insights from top carriers. It encompasses both employee selling roles and agents (exclusive and independent), covering P&C and Life/Financial lines.

What We Offer

Our study includes leading-edge trends from interviews with carrier compensation experts and executives. The data and insights are curated by Alexander Group subject matter experts. Participation is complimentary, and all data is confidential and shared only in aggregate.

Key Benchmarking Outputs

We provide metrics and insights for agents and employee sellers, including:

• Core Incentive Plans
• Pay & Productivity
• Programs & Administration

Research Participation Steps

Participation includes interviews with compensation and revenue leaders and secure data collection. Alexander Group will conduct 1-2 short interviews with your compensation and revenue leaders on key insight topics, collect your company data, compare your results to study participants and our benchmark database, and present study findings and custom comparisons tailored to your organization.

Data Integrity, Confidentiality and Security

Alexander Group ensures data integrity by using experienced resources to conduct all interviews and reviewing all data for accuracy and viability. We are committed to each participant’s privacy and data security. All survey data is aggregated to ensure individual privacy. We can produce custom reports that include your own data. Our recommendations draw on industry benchmarks, not specific company references. Alexander Group signs mutual non-disclosure agreements with all clients and study participants, applies Safe Harbor regulations to aggregate data, and are both ISO27001 and GDPR compliant.

Join us in this comprehensive study and gain valuable insights to enhance your business strategies. Your participation will contribute to a broader understanding of industry trends and practices.