Property-casualty insurers’ salary budgets to rise 3.4% next year

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Average salaries within the property-casualty insurance industry are expected to remain steady next year.

The average property-casualty insurer’s salary budget will increase 3.4% next year, the same rate as this year, according to a survey of 160 companies who participated in the Property Casualty Insurers Association of America’s Insurance Compensation Survey.

The average salary increase in 2008 was 4%.

The PCI insurance compensation survey includes information for over 60 benchmark jobs in the property-casualty insurance industry.

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