Insurance industry generally pays lower than banking industry, for compliance staff. The bonus used to be better than banks, but I am not sure about now. Insurance industry is generally less stressful and has a small coverage area. Career progression within insurance industry are also generally much slower than banks.

If you are trying to get into compliance industry and insurance company is the only option you have, you can give it a shot. If you are already in compliance industry in a bank, moving to insurance company may potentially set your career back.