2019/2020 Insights Report: Key Insights Regarding Executive Compensation in the Health Insurance IndustryPosted: January 8, 2020
Health insurance companies are seeking new and better ways to retain talent and incentivize executives to increase profits and improve their financial stability.
The 2019/2020 Insights Report: Key Insights Regarding Executive Compensation in the Health Insurance Industry addresses issues including executive retention, growth and performance, and at-risk pay. The following four trends can help guide companies in their executive compensation planning:
- CEO pay outpaces growth of revenue and pay for other top executives.
- Growth in premiums and other incentive plan financial metrics outpace membership enrollment.
- Variable pay continues to gain prominence for health insurance executives.
- Supplemental Executive Retirement Plans and Change of Control agreements are common but carry potential risks.
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