Many companies have found Insurance People Benchmarking to be of great value as a powerful, executive management tool. By participating in this study you will get a clear picture of how the people and people processes in your company compare with other UK insurance companies.

ALLIANZ

• Provides clarity to our Board and Management Team regarding how we perform in relation to our peer insurance companies
• Provides hard data which often confirms our intuition and gives us the confidence to make key decisions
• Pinpoints areas where we are different from our peers – this steers us to explore these areas further and to identify any improvement opportunities and priorities for change.

AXA

• We use commercially aligned metrics as a key management tool for driving the business forward.  People metrics are seen as key as well as financial metrics
• Management Teams want to know how we compare with the industry.  They use this to prioritise change to improve our competitive positioning
• HR Business partners use the information to provide industry context for their managers and identify the cost implications of people issues
• We add the industry benchmarks to our regular metrics dashboard which makes it much more powerful and credible.

GROUPAMA

• Executive Board greatly valued the objective comparison of how our workforce performs on key metrics with other peer insurance companies
• Executive Board particularly interested in staff costs, diversity, recruitment, retention, L&D spend, sickness absence
• Used the industry benchmarks to inform and shape a number of change projects e.g. talent management and L&D plan, new absence management procedures, equal pay audit
• Insurance  benchmarks added to our monthly HR stats pack to provide context and thresholds for Red/Amber/Green reporting
• HR managers use the information to provide industry context for their line managers.

L&G

• Executive Directors through to HR managers Executive Directors greatly value the data as it informs internal equality and diversity programmes
• Metrics are powerful as they inform strategy to make L&G more attractive to talent
• Provides good insight into our peer group and enables us to pinpoint key areas for improvement and drive forward action plans
• We compare industry benchmarks with our internal scorecards which makes them much more powerful and credible.