2014 IT Salary Survey: Insurance Research Findings © 2014 Property of UBM Tech; All Rights Reserved

The 353 staff- and 296 managerial-level insurance IT pros in our survey saw modest bumps in compensation. While over three-quarters of both staffers and managers got raises within the past 12 months, just 23% of staff and 31% of management report increases of 5% or more. Other data points: >> 90% of managers and 78% of staffers expect to receive bonuses in >> 62% of staff attended company-paid training in the past 12 months; 61% of managers say the same. >> 32% of managers hold an MBA or other master’s degree (31%) or PhD (1%). >> 21% of managers seeking new jobs say they want less stress. >> 9% of both staffers and managers feel insecure in their jobs. Respondent breakdown: 41% work for insurance firms with 5,000 or more employees; 25% have over 20,000. Want more? Visit InformationWeek ReportsInformationWeek Reports Executive Summary v

Median salary: Insurance IT staff vs. managers © 2014 Property of UBM Tech; All Rights Reserved

Median compensation: Insurance IT staff vs. managers © 2014 Property of UBM Tech; All Rights Reserved

Base salary changes: Insurance IT staff vs. managers © 2014 Property of UBM Tech; All Rights Reserved

Compensation changes: Insurance IT staff vs. managers © 2014 Property of UBM Tech; All Rights Reserved

No gender gap in staff salaries? © 2014 Property of UBM Tech; All Rights Reserved

Compensation: Male vs. female © 2014 Property of UBM Tech; All Rights Reserved

Salary based on company revenue © 2014 Property of UBM Tech; All Rights Reserved

Base salary increases through middle age © 2014 Property of UBM Tech; All Rights Reserved

Bonuses are the norm © 2014 Property of UBM Tech; All Rights Reserved

Performance drives bonuses © 2014 Property of UBM Tech; All Rights Reserved

Non-IT experience: Staff vs. management © 2014 Property of UBM Tech; All Rights Reserved

About ¼ have worked in marketing or sales © 2014 Property of UBM Tech; All Rights Reserved

Non-IT responsibilities: Staff vs. management © 2014 Property of UBM Tech; All Rights Reserved

Staff non-IT duties © 2014 Property of UBM Tech; All Rights Reserved

Management non-IT duties © 2014 Property of UBM Tech; All Rights Reserved

Key skills: Staff vs. management © 2014 Property of UBM Tech; All Rights Reserved

Highest staff salaries: Northeast, Pacific © 2014 Property of UBM Tech; All Rights Reserved

Regional salary changes: Staff © 2014 Property of UBM Tech; All Rights Reserved

Highest management salaries: Northeast, Pacific © 2014 Property of UBM Tech; All Rights Reserved

Regional salary changes: Management © 2014 Property of UBM Tech; All Rights Reserved

Perks: 401(k) match, health insurance © 2014 Property of UBM Tech; All Rights Reserved

Wanted: tech-specific training © 2014 Property of UBM Tech; All Rights Reserved

Most get company-paid training © 2014 Property of UBM Tech; All Rights Reserved

Management pay more for training © 2014 Property of UBM Tech; All Rights Reserved

Staff: Base pay is most important © 2014 Property of UBM Tech; All Rights Reserved

Management: Stability, challenge are most important © 2014 Property of UBM Tech; All Rights Reserved

Priorities: Staff vs. management © 2014 Property of UBM Tech; All Rights Reserved

20 years in IT © 2014 Property of UBM Tech; All Rights Reserved

8 years at present company © 2014 Property of UBM Tech; All Rights Reserved

Loyalty: About ¼ change companies © 2014 Property of UBM Tech; All Rights Reserved

Compensation satisfaction: Staff vs. management © 2014 Property of UBM Tech; All Rights Reserved

Total compensation satisfaction over time: Staff © 2014 Property of UBM Tech; All Rights Reserved

Total compensation satisfaction over time: Management © 2014 Property of UBM Tech; All Rights Reserved

Overall job satisfaction: Staff vs. management © 2014 Property of UBM Tech; All Rights Reserved

Job satisfaction over time: Staff © 2014 Property of UBM Tech; All Rights Reserved

Job satisfaction over time: Management © 2014 Property of UBM Tech; All Rights Reserved

Management: more challenging © 2014 Property of UBM Tech; All Rights Reserved

Job security: Staff vs. management © 2014 Property of UBM Tech; All Rights Reserved

Job security over time: Staff © 2014 Property of UBM Tech; All Rights Reserved

Job security over time: Management © 2014 Property of UBM Tech; All Rights Reserved

IT as a career: Staff vs. management © 2014 Property of UBM Tech; All Rights Reserved

IT career path trend: Staff © 2014 Property of UBM Tech; All Rights Reserved

IT career path trend: Management © 2014 Property of UBM Tech; All Rights Reserved

Job security: Staff vs. management © 2014 Property of UBM Tech; All Rights Reserved

Biggest event in last year: Raises © 2014 Property of UBM Tech; All Rights Reserved

Most employers outsource some IT jobs © 2014 Property of UBM Tech; All Rights Reserved

Outsourcing hits job availability, morale © 2014 Property of UBM Tech; All Rights Reserved

Outsourcing affects few personally © 2014 Property of UBM Tech; All Rights Reserved

Most aren’t looking for a new job © 2014 Property of UBM Tech; All Rights Reserved

Those looking cite more money © 2014 Property of UBM Tech; All Rights Reserved

Job satisfaction is important © 2014 Property of UBM Tech; All Rights Reserved

Highest degrees © 2014 Property of UBM Tech; All Rights Reserved

Mostly male © 2014 Property of UBM Tech; All Rights Reserved

Management trends older © 2014 Property of UBM Tech; All Rights Reserved

Most have revenue over $100 million © 2014 Property of UBM Tech; All Rights Reserved

A quarter have more than 20,000 employees © 2014 Property of UBM Tech; All Rights Reserved

Research Synopsis Survey Name InformationWeek 2014 US IT Salary Survey: Insurance Survey Date February 2014 Region United States Number of Respondents 649 insurance IT professionals, consisting of 353 staff and 296 managers Purpose To track IT salary and compensation trends from the perspective of those people on the front lines, InformationWeek conducts an annual US IT Salary Survey. Now in its 17th year, it’s the largest employee-based IT salary survey in the country. This year 11,662 full-time IT professionals completed the web-based survey. The goal of this trendable study is to measure various aspects of compensation, benefits, and job satisfaction. This report focuses specifically on the 649 insurance IT professionals who participated in the survey. Methodology The survey was designed by InformationWeek and fielded online. The survey was promoted in InformationWeek’s daily and weekly newsletters. In addition, we sent invitations with an embedded link to the survey to qualified IT professionals from UBM Tech databases. The survey was fielded from November 2013 to February The information within this report is based on responses from 649 insurance IT professionals. We excluded unemployed and part-time workers from these results, as well as respondents from outside the US. This report uses median rather than mean or average figures for salary and percentage salary changes to eliminate distortions caused by extremes at the high and low ends of the responses. Want more? Visit InformationWeek ReportsInformationWeek Reports © 2014 Property of UBM Tech; All Rights Reserved