The recent health insurance industry business climate may have been better for the executives who oversee health insurers’ finances than for the executives who oversee health insurers’ legal affairs.
BDO USA LLP has raised that possibility in a summary of the results from the company’s latest health insurer executive comp survey.
- The BDO 2020/2021 Health Insurance Executive Compensation Study Summary.
- Health Insurance Sales Reps Outearn Specialty Products Reps.
BDO USA is part of BDO International, a large, Chicago-based accounting firm.
The latest BDO USA health insurance comp survey report, which is based on a questionnaire that was out in the field from March 1, 2020, through April 15, 2020, covers what happened to executive comp at about three dozen large U.S. insurers between 2019 and early 2020.
The full survey report includes information about compensation for a wide range of positions, including actuaries, auditors and sales and marketing managers.
The full report also includes details about what’s happened to different types of compensation, such as base salaries, long-term incentive pay and deferred compensation arrangements.
The summary available to the public does not show what executives were actually paid.
The summary does show how average compensation changed between 2019 and 2020.