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Insurance Average Salaries in Argentina 2024

How much money does a person working in Insurance make in Argentina?


Average Monthly Salary
44,700 ARS
( 537,000 ARS yearly)

LOW
16,800
ARS
AVERAGE
44,700
ARS
HIGH
87,400
ARS
All salary figures displayed here are per month except when noted otherwise.
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

A person working in Insurance in Argentina typically earns around 44,700 ARS. Salaries range from 16,800 ARS (lowest average) to 87,400 ARS (highest average, actual maximum salary is higher).


Salary Variance

The provided figure represents the median compensation that encompasses housing, transportation, and other perks. The salaries within the Insurance domain in Argentina exhibit significant discrepancies across various professions. In case you seek information about the remuneration of a specific position, please refer to the salaries listed below for respective job titles.

Salaries for specific jobs

Job TitleAverage Salary
Insurance
Actuarial Analyst60,500 ARS
Actuarial Assistant43,000 ARS
Actuarial Specialist44,000 ARS
Actuary63,000 ARS
Adjustment Insurance Clerk16,600 ARS
Assistant Broker29,800 ARS
Assistant Claims Manager51,300 ARS
Associate Insurance Representative24,300 ARS
Auditing Insurance Manager67,200 ARS
Blockchain Insurance Auditor45,100 ARS
Broker44,900 ARS
Claim Advocacy Professional45,400 ARS
Claims Adjuster17,000 ARS
Claims Analyst24,000 ARS
Claims Examiner24,300 ARS
Claims Manager66,500 ARS
Claims Processor17,700 ARS
Claims Representative20,000 ARS
Claims Resolution Specialist49,200 ARS
Claims Supervisor47,600 ARS
Complaints Specialist44,000 ARS
Compliance Examiner45,200 ARS
Compliance Officer37,200 ARS
Compliance Reviewer45,100 ARS
Consultant47,600 ARS
Drone Claims Adjuster21,200 ARS
Eligibility Interviewer49,700 ARS
Eligibility Specialist48,700 ARS
Insurance Account Manager56,600 ARS
Insurance Accounts Executive49,200 ARS
Insurance Adjuster45,500 ARS
Insurance Agent28,000 ARS
Insurance Analyst47,900 ARS
Insurance Appraiser49,100 ARS
Insurance Claims Clerk16,600 ARS
Insurance Compliance Officer54,800 ARS
Insurance Data Scientist45,100 ARS
Insurance Examiner41,400 ARS
Insurance Fraud Investigator37,200 ARS
Insurance Investigator43,000 ARS
Insurance Manager79,800 ARS
Insurance Operations Manager81,300 ARS
Insurance Policy Processing Clerk17,200 ARS
Insurance Pricing Assistant36,400 ARS
Insurance Product Manager53,100 ARS
Insurance Program Manager60,400 ARS
Insurance Project Manager60,700 ARS
Insurance Quality Assurance Agent40,600 ARS
Insurance Sales Agent27,700 ARS
Insurance Sales Director74,700 ARS
Insurance Sales Manager63,700 ARS
Insurance Sales Representative24,500 ARS
Insurance Team Leader51,100 ARS
Insurance Underwriter33,600 ARS
Insurtech Analyst42,100 ARS
Loss Control Specialist46,900 ARS
Loss Prevention Investigator51,000 ARS
Loss Prevention Manager65,200 ARS
Loss Prevention Specialist48,200 ARS
Marine Underwriter35,700 ARS
Medical Auditor47,100 ARS
Monitoring and Performance Officer33,300 ARS
Parametric Insurance Specialist47,400 ARS
Payment Services Specialist49,100 ARS
Peer-to-Peer Insurance Manager55,600 ARS
Policy Change Director69,800 ARS
Policy Change Supervisor48,700 ARS
Policy Change Technician22,100 ARS
Risk Analyst52,000 ARS
Risk Management Director91,000 ARS
Risk Management Supervisor59,400 ARS
Risk Manager89,300 ARS
Risk Modeling Manager90,100 ARS
Social Media Risk Analyst50,500 ARS
Title Insurance Typist41,100 ARS
Training Manager51,900 ARS
Underwriting Assistant24,300 ARS


Insurance Jobs Pay Scale and Salaries in Argentina

Median and salary distribution Argentina Insurance monthly
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Salary Structure and Pay Scale Comparison

5% of people earn
45,000 ARS or more
10% of people earn
38,000 to 45,000 ARS
20% of people earn
22,400 ARS or less
65% of people earn
22,400 to 38,000 ARS
Minimum Salary
16,800 ARS
Median
40,600 ARS
Maximum
87,400 ARS




Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range

All salary figures displayed here are per month except when noted otherwise.
  • Salary Range, Minimum Wage, and Starting Salary

    Salaries in Insurance in Argentina range from 16,800 ARS (starting average salary) to 87,400 ARS (maximum average salary, actual maximum is higher). To clarify, the number presented is not the legally mandated minimum wage. Rather, it represents the lowest figure reported in a salary survey that involved thousands of participants and professionals from across the entire country.

  • Median Salary

    The median income in the field of Insurance is 40,600 ARS, implying that half of the workforce in Argentina earns less than this figure, and the other half earns more. It represents the central value of salaries. As a rule of thumb, you would prefer to be part of the group earning above the median wage, situated on the right-hand side of the salary distribution chart.

  • Percentiles and Salary Scale

    Two values that are highly correlated with the median are the 25th and 75th percentiles. By examining the salary distribution diagram, it is possible to determine that 25% of individuals employed in Insurance in Argentina earn less than 31,300 ARS, while 75% of them earn more. Additionally, the diagram reveals that 75% of individuals earn less than 49,000 ARS, while 25% earn more than that.

  • Pay Scale Structure

    Data was regrouped into brackets to provide a better understanding of what salaries can be expected. This approach was deemed more accurate than relying solely on the average salary, as it offers greater insights into the distribution of salaries in the field of Insurance in Argentina. The analysis revealed that roughly 65% of all reported salaries fell within the range of 22,400 ARS to 38,000 ARS. Approximately 20% of salaries were below the 22,400 ARS mark, while 10% ranged from 38,000 ARS to 45,000 ARS. Only 5% of individuals earned a gross salary of 45,000 ARS or higher.

Salary Comparison by Years of Experience

How does a person's salary progress over time?

Salary Comparison By Experience Level
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The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage.

Generally speaking, employees in Insurance in Argentina having experience from two to five years earn on average 32% more than freshers and juniors across all industries and disciplines.

Professionals with experience of more than five years tend to earn on average 36% more than those with five years or less of work experience.

As you hit the ten years mark, the salary increases by 21% and an additional 14% for those who have crossed the 15 years mark.

Those figures are presented as guidelines only. The numbers become more significant if you consider one job title at a time.


Change in salary based on experience varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of many different jobs. To view accurate figures, choose a specific job title.
On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark.
* Based on the average change in salary over time. Salary variations differ from person to person.


Salary Comparison By Education

How does the education level affect your salary?

Salary Comparison By Education
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Change in salary based on education varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of multiple jobs. To view accurate figures, choose a specific job title.

It is well known that higher education equals a bigger salary, but how much more money can a degree add to your income?

We compared the salaries of professionals at the same level but with different college degree levels across many jobs in Insurance in Argentina, below are our findings.

Workers with a certificate or diploma earn on average 17% more than their peers who only reached the high school level.

Employees who earned a Bachelor's Degree earn 24% more than those who only managed to attain a certificate or diploma.

Professionals who attained a Master's Degree are awarded salaries that are 29% more than those with a Bachelor's Degree.

Finally, PhD holders earn 23% more than Master's Degree holders on average while doing the same job.


Is a Master's degree or an MBA worth it? Should you pursue higher education?

A Master's degree program or any post-graduate program in Argentina costs anywhere from 227,000 ARS to 680,000 ARS and lasts approximately two years. That is quite an investment.

Employees can't expect any salary increases during the study period, assuming they already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.

Many people pursue higher education as a tactic to switch to a higher-paying job. The numbers seem to support this tactic. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

The decision really depends on the situation and experience among many other factors. Putting all variables aside, if a person can afford the costs of higher education then the return on investment is definitely worth it. Degree costs can be recovered roughly in a year or so.



Salary and Compensation Comparison By Gender / Insurance / Argentina

Salary comparison by gender Argentina Insurance monthly
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Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? In the field of Insurance in Argentina, the average difference between the salary of male and female employees is 5%.

Male
45,800 ARS
Female-5%
43,600 ARS
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Argentina for all Careers

Salary comparison by gender monthly Argentina
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Average Annual Salary Increment Percentage / Insurance / Argentina

How much are annual salary increments in Argentina for individuals working in Insurance? How often do employees get salary raises?

Professionals working in Insurance in Argentina are likely to observe a salary increase of approximately 10% every 16 months. The national average annual increment for all professions combined is 9% granted to employees every 17 months.

Annual Salary Increment Rate Argentina Insurance
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The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.

Argentina / All Professions

Annual Salary Increment Rate Argentina
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The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare that people get their salaries reviewed exactly on the one-year mark, it is more meaningful to know the frequency and the rate at the time of the increase.

How to calculate the salary increment percentage?

The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 / Increase Frequency

The average salary increase in one year (12 months) in Argentina is 6%.

Worldwide Salary Raises: All Countries and All Jobs

World Average Annual Salary Increment
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Salary Packages and Schemes

Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.

Bonus and Incentive Rates / Insurance / Argentina

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Argentina Insurance
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49% of surveyed staff in Insurance reported that they haven't received any bonuses or incentives in the previous year while 51% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 3% to 6% of their annual salary.

Received Bonus
51%
No Bonus
49%

Types of Bonuses Considered

Individual Performance-Based Bonuses

The most standard form of bonus, where the employee is awarded based on their exceptional performance.

Company Performance Bonuses

Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.

Goal-Based Bonuses

Granted upon achieving an important goal or milestone.

Holiday / End of Year Bonuses

These types of bonuses are given without a reason and usually resemble an appreciation token.

Bonuses Are Not Commissions!

People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.


What makes a position worthy of good bonuses and a high salary?

The main two types of jobs

Revenue GeneratorsSupporting Cast

Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business.

Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations.

Example:
A graphics designer working for a graphics designing company.

Example:
A graphic designer in the marketing department of a hospital.


Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.

Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.

Bonus Comparison by Seniority Level

Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.

Hourly Average Wage / Insurance / Argentina


260 ARS per hour

The average hourly wage (pay per hour) in Insurance in Argentina is 260 ARS.This is the rate they get paid for every worked hour.


Hourly Wage = Annual Salary / ( 52 x 5 x 8 )

About The Hourly Pay Rate

The hourly wage is the salary paid in one worked hour. Usually, jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fixed amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.

What is the minimum hourly rate of pay?

The minimum pay rate per hour for people working in Insurance in Argentina is 97 ARS. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

Salary Comparison By City

CityAverage Salary
Avellaneda45,100 ARS
Bahia Blanca48,000 ARS
Buenos Aires51,500 ARS
Cordoba51,100 ARS
Corrientes48,400 ARS
La Plata50,300 ARS
Lanus45,700 ARS
Mar del Plata50,000 ARS
Mendoza44,200 ARS
Neuquen46,400 ARS
Quilmes46,200 ARS
Resistencia47,300 ARS
Rosario50,700 ARS
Salta49,100 ARS
San Juan44,000 ARS
San Miguel de Tucuman49,400 ARS
Santa Fe48,600 ARS
Santiago del Estero46,900 ARS

Government vs Private Sector Salary Comparison

Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in Argentina is 7% on average across all career fields.

Private Sector
43,700 ARS
Public Sector+7%
46,600 ARS
Percentage increase and decrease are relative to the previous value

Salary Statistics and Calculation Guide

What is considered to be a good and competitive salary in Insurance in Argentina?

A good and competitive compensation would range anywhere between 40,600 ARS and 49,000 ARS. This is a very rough estimate. Experience and education play a very huge part in the final earnings.

Gross Salary (before tax) and Net Salary (after tax)

All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

Base / Basic Salary

The base salary for jobs in Insurance in Argentina ranges from 16,800 ARS to 31,300 ARS. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.


What is the difference between the median and the average salary?

Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary


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