The remuneration report of QBE Insurance Group (QBE) for the years 2013 to 2016 shows a positive trend in linking executive pay with company performance. The report highlights that the Short-Term Incentive (STI) payments are linked to Return on Equity (ROE), while Long-Term Incentive (LTI) conversions depend on Total Shareholders' Returns (TSR). Key Performance Parameters, including financial and non-financial measures, are used to determine STI and LTI incentives. The balanced scorecard approach is introduced from FY2015 onwards, with a major emphasis on financial performance metrics such as ROE. While the report shows some positive changes in remuneration reporting, it may be recommended that the weightage of balanced scorecard should be increased for determination of STI to ensure management focus on creating shareholders' wealth.