The insurance benchmark is made up of companies that provide a variety of insurance services; including health insurance, specialty and standard commercial lines insurance, risk assessment, car and motorcycle insurance and associated comparison services. The benchmark includes traditional providers of insurance as well as organizations that lean towards more technology oriented solutions.
Emerging
Benchmark status
We consider this an emerging benchmark: it has enough data available for us to use bootstrapping to create a representative sample. As the sample grows in size, some scores may slightly change. Our research has shown that our bootstrapped scores are consistent with our standard benchmarks. Read more about the methodology.
Data provided by Culture Amp
Insurance
100%
Engaged people are emotionally committed to their organization. These people stay at their organizations longer and are more productive and effective. Successful organizations have more engaged employees.
This is in the top 21% compared with the overall average.
The average eNPS score for organizations in this benchmark is 21 and is in the top 29% compared with the overall average.
Engagement is defined through these five industry-standard questions from Culture Amp’s engagement survey template.
I rarely think about looking for a job at another company | 62% 7% above global average |
[Company] motivates me to go beyond what I would in a similar role elsewhere | 73% 4% above global average |
I would recommend [Company] as a great place to work | 84% 2% above global average |
I see myself still working at [Company] in two years' time | 65% 2% above global average |
I am proud to work for [Company] | 85% 1% below global average |
People working in Insurance North America are more engaged than Professional Services DACH, Marketing & Advertising Female, Professional Services Western Europe, and Retail United Kingdom. People working in Insurance North America are less engaged than Investment Management Male, Investment Management North America, Investment Management Northern America, and Investment Management United States.
The highest scoring question for Insurance North America had 91% of People agreeing that they know how their work contributes to the goals of [company] (+2% compared to overall) while they were generally most positive about Management.
People in Insurance North America were generally least favourable about Action, and were most negative towards 'My manager, or someone else, has communicated some clear actions based on recent employee survey results' with 18% of people disagreeing (+2% above average).
In the short term, 17% of people in this benchmark are thinking of or actually seeking jobs elsewhere (-3% compared to overall) while on a longer time frame, 12% of people see themselves leaving within two years (+0% compared to overall).
The following questions had the biggest impact on whether individuals felt that they were planning to stay at their organization and not actively looking for alternative jobs.
1 The products and services [Company] provides are as good as, or better than, our main competitors | 71% favorable Company Performance |
2 I believe there are good career opportunities for me at [Company] | 69% favorable Learning & Development |
3 I am happy with my current role relative to what was described to me | 76% favorable Alignment & Involvement |
We’ve connected the employee feedback data for each company included in the benchmark with ratings from Glassdoor.com, which is one of the world’s largest job and recruiting sites combined with a growing database of company reviews, CEO approval ratings and more.
Overall Rating | 3.6 stars (-0.2) |
Culture and Values | 3.7 stars (-0.2) |
Work Life Balance | 3.5 stars (-0.3) |
Compensation and Benefits | 3.5 stars (-0.1) |
Career Opportunities | 3.4 stars (-0.1) |
Recommend to Friend | 68.0% (-3) |
CEO Approval | 89.0% (+5) |
Organizations in the Insurance (North America) benchmark on average gave 16% of employees access to reports with their survey results. This is higher than average and demonstrates that organizations in this benchmark tend to be more transparent with their survey results to leaders and managers.
An interesting reference point is that the average proportion of managers in organizations is 12-15%, with some industries higher than others (New Tech was closer to 20%).
Insurance (North America)
16%
Global average
10%
People in Insurance North America were much more positive than average regarding Feedback & Recognition, Collaboration & Communication, and Service & Quality Focus.
Insights data provided by Culture Amp.
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