Indications for 2009 in the Insurance Industry, spotlight on salaries

01-11-2009

It’s not all bad news in the U.S. insurance industry – even though the industry had 7,300 fewer positions at the end of 2008 compared to the beginning of 08 according to seasonally adjusted data released Jan. legend zen for sale 9 by the U.S. Bureau of Labor Statistics. The worst period of 2008 was from November to December where the industry saw 5,200 jobs cut. Some indications on where the industry might be moving could be found in the figures based on the just-released November 2008 data by the U.S. mu2legendzen Bureau of Labor Statistics. buy mu legend zen Areas with most increase in payroll

  • Reinsurers saw payrolls surge over the past year, up 13.2% from November 2007 to 31,800
  • Payrolls for health insurers rose 3.6% to 447,800
  • Claims adjusters were up 1.5% over the past year to 52,600
  • Third- party administrators were up 0.9% to 133,000
  • Life insurers were up 0.7% to 360,900

Average Wage increases Average weekly earnings for the industry’s nonsupervisory positions rose 6.8% from November 2007 to November 2008, from $828.06 to $884.71, and wages were up in all eight industry categories.

  • Share/Bookmark

Leave a Reply