Senior Associate Joanna Czyzewski explains that for the insurance industry, 2020 resulted in mixed performance with business-interruption claims, poorer investment results, and benefits of reduced accident frequency. This resulted in an absence of significant modifications to compensation programs when it comes to COVID-related adjustments. Partner Melissa Burek adds that of the companies that made incentive changes, 60% made annual incentive changes, 9% made long-term incentive changes, and 31% changed both incentive plans.

Partner Melissa Burek and Principal Roman Beleuta assess executive compensation programs of large insurance companies, concluding that, although CEO bonus payouts were above target in 2019, the COVID-19 pandemic will have long-term impacts on incentive plan designs.

Upcoming Events See All

Jul 22, 2021

Human Capital and Compensation Oversight

Webinar

Partner Bertha Masuda will lead a discussion with three seasoned Board Directors on Human Capital and Compensation Oversight as part of the NACD Private…
  • Bertha Masuda