The salaries of UK chief executives rocketed by 37% last year as they were rewarded with huge increases in their basic salaries.
A survey by the Guardian newspaper revealed that the increases take the average pay of a chief executive to £2,875,000, amounting to 11 times the increase in average earnings, and nearly 20 times the rate of inflation as measured by the consumer price index.
The total pay of a chief executive is calculated from basic salary, cash bonuses and pay-outs from share schemes.
The ratio between bosses' rewards and employees' pay has risen to 98:1, up from 93:1 a year ago.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
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