Board Compensation Survey
The nature of mutuality presents various opportunities and challenges when determining board compensation levels for insurance companies. Common tools used by stock-owned such as stock options, generally are not available for mutuals, which are owned by policyholders, not shareholders. Mutuals must be creative and deliberate when crafting compensation to remain competitive for highly qualified directors. The NAMIC Board Compensation Survey is designed to help mutual insurance company leaders benchmark director pay structures and board practices with companies similar in size as well as with the industry as a whole.
This report benchmarks:
- Total annual compensation
- Annual retainer compensation
- Meeting fees
- Committee fees
- Board chair compensation
- Mandatory retirement age policies
- Term limit policies
- And more
This report is provided as a benefit of membership. However, submission of board compensation data for next year’s report is required. Please click the button below to request a survey link. The most recent report will be emailed to you after you complete the newest survey. Please allow at least four business days following data submission.
