Exec. compensation: a strategic tool. (Financial & Investment Review)

National Underwriter Property & Casualty-Risk & Benefits Management, January, 1990 by Otis, L.H.

Exec. Compensation: A Strategic Tool Since the mid- 1980s, executive compensation has emerged as a potent strategic tool for property & casualty insurers. No longer reactive, compensation programs are now structured and fine-turned to drive the implementation of a company's corporate objectives, according to carriers interviewed by the National Underwriter.

With a good annual compensation plan, "the perception is that it does do a good job of focusing people for the year," said Ruth Claussen, director of executive compensation at Hartford, Conn.-based Aetna Life & Casualty. A good long-term plan is also important when an insurer "wants longer-term financial performance which is superior," she added. FINANCIAL & INVESTMENT REVIEW The...

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