NED salaries in the insurance sector revealed

money

Research shows brokers pay their non-executive directors 18% less than insurers do.

Non-executive directors in the insurance sector are paid around £54,580 for an average annual commitment of 27 days per year, according to a report by Damhurst & Co.

The international insurance headhunter also stated that non-executive chairs can earn as much as £13,000 a day.

In addition, the Damhurst NED Report 2019 showed that Lloyd’s businesses pay nearly 20% more than their company market or managing general agent counterparts.

It also detailed that day rates are an increasingly common

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