Top Tip For 2016 Salaries in In Demand for 2016

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1 In Demand for 2016 Hot Jobs Data/Quantitative Analyst Pension Administrator Claims Handler Medical Underwriters Commercial Account Execs Top Skills SQL/VBA/Excel/Risk Modelling Defined Benefit/Defined Contributions Technical Claims Critical Illness/Medical Underwriting Strong Commercial Broker Experience We are seeing continued, steady improvements in the Irish insurance market. A more stable economic platform has provided brokers, insurers, SME and larger organisations the opportunity to consolidate and grow their business for the first time in a number of years. Top Tip For 2016 Salaries in 2016 In order to attract top talent in the market, businesses have offered between a 4% and 8% increase on basic salaries along with very competitive bonus and benefits packages. The demand for relevant professional accreditations has remained high due to the increase in regulation in the industry. For customer-facing roles the APA is a minimum requirement with many employers favouring candidates with the CIP. More advanced qualifications such as the DLDU in the life assurance space and ACII in general insurance are becoming core requirements for more senior level positions. We can envisage this trend continuing into 2016.

2 . Sigmar Recruitment Salary Guide 2016 Thoughts on the Market 2016 Pension Admin - Within the life assurance market there has been a significant increase in demand for pension administrators and consultants, particularly with the larger brokers in the market. Pension administrators with end-to-end experience in either DB or DC schemes are being highly sought after. With the phase-out of many defined benefit schemes, there has been higher demand for individuals specific to this. Underwriting - Medical underwriters, especially with ACII and DLDU qualifications, have been in high demand with leading players in the market. There has been flexibility in terms of roles offered on a part-time basis in order to attract talent. Business Admin - There has been steady demand for high quality administrators to deal with new and existing business. Many of these roles have been offered initially on a contract basis however many have been made into permanent staff upon completion of contracts. Claims - We are now seeing a closer shift towards the equilibrium of the supply and demand of claims professionals. While demand is still especially high, some of the larger insurance firms have been growing their claims teams with a particular demand for technical claims specialists. Actuaries - As always both qualified and part-qualified actuary candidates are in high demand. Apart from the general and life assurance businesses we have seen strong demand for qualified actuaries with consultancy organisations who are continuing to build their actuarial service offering. This is a trend we expect to continue throughout Data Analytics - Data analytics and data management has become a significant feature for insurance businesses in The insights which can be gained and business decisions made from having mechanisms to extract data, can no longer be over looked. There has been a significant increase in demand for individuals with mathematical/computer science backgrounds capable of extracting data, working with it and putting it into report form for management review. We see this as a major growth area for Underwriting - Demand for underwriters across commercial and personal lines has remained steady. Brokers - There has been an increased demand for strong broker development candidates, keeping in line with the resurgence of the broker market. Individuals with strong account management and sales experience have seen a steady increase in opportunities available. With many brokers growing their head counts for the first time in a number of years, they are looking for candidates who can spot opportunity and help develop business. Individuals with a proven track record of this have been found to command higher salaries. Heaviest demand has been placed on commercial account execs from both international and SME brokers. Reinsurance - The majority of positions that are arising within reinsurance are either on the quantitative side or account management. We have also seen an increase in mid-level underwriting positions. Get in touch with our team by ing [email protected] or call us on

3 LIFE ASSURANCE Claims Officer 25-39k 21-35k Claims Manager 65-80k 55-75k Sales Agent 25-35k 20-30k Pensions Administrator 30-45k 25-33k Pensions Manager 50-65k 40-55k Broker Consultant 23-45k 30-40k Underwriter (1-5 years) 25-50k 21-35k Senior Underwriter (5-10 years) 50-80k 40-55k Head of Underwriting k 100k GENERAL INSURANCE Loss Adjuster (1-7 years) 25-50k 20-45k Claims Handler 25-35k 28-35k Technical Claims Specialist 40-65k 40-55k Claims Manager 65-80k 55-70k Head of Claims k 70-80k Underwriter (1-5 years) 25-45k 21-38k Underwriter (5-10 years) 45-85k 38-60k Head of Underwriting k 100k Product Executive 35-50k 25-40k Product Manager k 65-80k Broker Development 45-60k 30-45k BROKER DEVELOPMENT Sales Agent 20-30k 18-27k Administrator 25-35k 20-28k Team Leader 35-45k 30-38k Manager 40-55k 38-50k Commercial Account Executive (1-5 years) 35-60k 30-60k Senior Account Executive k 50-80k Salaries taken as annual in Euros, based on working in Ireland. Bonus/car allowance not included. Figures are based on current market rates. Salaries are subject to variances based on the individual, the company size and other external factors. Parameters indicate the highest and lowest salary level for each position.

4 CAPTIVE INSURANCE REINSURANCE Captive Account Executive 30-50k 25-45k Captive Account Manager 60-90k 45-80k Captive Underwriter 35-50k 30-60k Reinsurance Claims Agent 35-65k 30-55k Reinsurance Claims Manager k 55-90k Reinsurance Underwriter k 55-90k ACTUARIAL Trainee Actuary 30-35k 27-32k Part Qualified Actuary 35-45k 32-42k Qualified Actuary k k Chief Actuary k k DATA ANALYTICS Junior (1-3 years) 30-45k 27-40k Senior (3+ years) 50-80k 35-65k Data Manager k 65-95k COMPLIANCE Risk Analyst (1-4 years) 28-38k 25-33k Risk Officer (5-8 years) 38-65k 30-60k Risk Manager 75-90k 60-80k Compliance Specialist (1-5 years) 25-55k 22-35k Compliance Manager (5+ years) 55-90k 45-80k Never miss an insurance job Follow

5 Sigmar Recruitment Salary Guide 2016 Sigmar Recruitment, established 2002, is a leading Irish recruitment services company with 15 specialist divisions across the entire recruitment process and managed service spectrum. Winner of 33 awards for recruitment excellence and workplace culture, we employ over 100 industry specialists in Dublin, Cork, Galway, and Poland. Dublin 13 Hume Street, Dublin D02 F861 Tel: +353 (0) [email protected] Our experience extends across: Accountancy, Banking & Financial Services, Construction & Property Services, Engineering, HR, IT, Insurance, Legal, Marketing, Pharmaceutical, Office Administration, Multilingual, Sales and Supply Chain. Galway Dockgate, Dock Road, Galway H91 PC04 Tel: +353 (0) [email protected] Cork 33 South Bank, Crosses Green, Cork T12 F611 Tel: +353 (0) [email protected]