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Insurance Team Leader Average Salary in Italy 2020

How much money does an Insurance Team Leader make in Italy?


Average Monthly Salary
4,190 EUR
( 50,200 EUR yearly)

LOW
2,050
EUR
AVERAGE
4,190
EUR
HIGH
6,530
EUR

A person working as an Insurance Team Leader in Italy typically earns around 4,190 EUR per month. Salaries range from 2,050 EUR (lowest) to 6,530 EUR (highest).

This is the average monthly salary including housing, transport, and other benefits. Insurance Team Leader salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.

Insurance Team Leader Salary Distribution in Italy

Median and salary distribution monthly Italy Insurance Team Leader
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The median, the maximum, the minimum, and the range

  • Salary Range

    Insurance Team Leader salaries in Italy range from 2,050 EUR per month (minimum salary) to 6,530 EUR per month (maximum salary).

  • Median Salary

    The median salary is 4,270 EUR per month, which means that half (50%) of people working as Insurance Team Leader(s) are earning less than 4,270 EUR while the other half are earning more than 4,270 EUR. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.

  • Percentiles

    Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of Insurance Team Leader(s) are earning less than 2,850 EUR while 75% of them are earning more than 2,850 EUR. Also from the diagram, 75% of Insurance Team Leader(s) are earning less than 5,510 EUR while 25% are earning more than 5,510 EUR.


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

Both are indicators. If your salary is higher than both of the average and the median then you are doing very well. If your salary is lower than both, then many people are earning 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

Insurance Team Leader Salary Comparison by Years of Experience

How does experience and age affect your pay?

Salary comparison by years of experience monthly Italy Insurance Team Leader
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The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher your wage. We broke down Insurance Team Leader salaries by experience level and this is what we found.

An Insurance Team Leader with less than two years of experience makes approximately 2,430 EUR per month.

While someone with an experience level between two and five years is expected to earn 3,130 EUR per month, 29% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 4,310 EUR per month, 38% more than someone with two to five years of experience.

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.

Additionally, Insurance Team Leader(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 5,350 EUR per month, 24% more than someone with five to ten years of experience.

If the experience level is between fifteen and twenty years, then the expected wage is 5,730 EUR per month, 7% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 6,110 EUR per month, 7% more than people with fifteen to twenty years of experience.


Insurance Team Leader average salary change by experience in Italy

0 - 2 Years
2,430 EUR
2 - 5 Years+29%
3,130 EUR
5 - 10 Years+38%
4,310 EUR
10 - 15 Years+24%
5,350 EUR
15 - 20 Years+7%
5,730 EUR
20+ Years+7%
6,110 EUR
Percentage increase and decrease are relative to the previous value

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Insurance Team Leader Salary Comparison By Education

How do education levels affect salaries?

Displayed below is the average salary difference between different Insurance Team Leader(s) who have the same experience but different education levels.

Salary comparison by education level monthly Italy Insurance Team Leader
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We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down Insurance Team Leader salaries by education level in order to make a comparison.

When the education level is Certificate or Diploma, the average salary of an Insurance Team Leader is 3,130 EUR per month.

While someone with a Bachelor's Degree gets a salary of 4,200 EUR per month, 34% more than someone having a Certificate or Diploma degree.

A Master's Degree gets its holder an average salary of 6,440 EUR per month, 53% more than someone with a Bachelor's Degree.


Insurance Team Leader average salary difference by education level in Italy

Certificate or Diploma
3,130 EUR
Bachelor's Degree+34%
4,200 EUR
Master's Degree+53%
6,440 EUR
Percentage increase and decrease are relative to the previous value

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 Italy costs anywhere from 18,200 Euro(s) to 54,700 Euro(s) and lasts approximately two years. That is quite an investment.

You can't really expect any salary increases during the study period, assuming you 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 into a higher paying job. The numbers seem to support the thoery. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.


Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
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Insurance Team Leader Salary Comparison By Gender

Salary comparison by gender monthly Italy Insurance Team Leader
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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? Male Insurance Team Leader employees in Italy earn 6% more than their female counterparts on average.

Male
4,290 EUR
Female-5%
4,060 EUR
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Italy for all Careers

Salary comparison by gender monthly Italy
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Insurance Team Leader Average Annual Salary Increment Percentage in Italy

How much are annual salary increments in Italy for Insurance Team Leader(s)? How often do employees get salary raises?

Insurance Team Leader

Insurance Team Leader(s) in Italy are likely to observe a salary increase of approximately 11% every 18 months. The national average annual increment for all professions combined is 8% granted to employees every 17 months.

Annual Salary Increment Rate Italy Insurance Team Leader
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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.

Italy / All Professions

The term 'Annual Salary Increase' usually refers to the increase in 12 calendar month period, but because it is rarely 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 Italy is 6%.

Annual Increment Rate By Industry 2019

Banking
6%
Energy
3%
Information Technology
9%
Healthcare
6%
Travel
3%
Construction
9%
Education
6%

Listed above are the average annual increase rates for each industry in Italy for the year 2019. Companies within thriving industries tend to provide higher and more frequent raises. Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. These figures tend to change frequently.


Worldwide Salary Raises: All Countries and All Jobs

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Insurance Team Leader Bonus and Incentive Rates in Italy

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Italy Insurance Team Leader
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An Insurance Team Leader is considered to be a moderate bonus-based job due to the generally limited involvement in direct revenue generation, with exceptions of course. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.

42% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 58% 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
58%
No Bonus
42%

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.

Insurance Team Leader Average Hourly Wage in Italy


24 EUR per hour

The average hourly wage (pay per hour) in Italy is 24 EUR. This means that the average Insurance Team Leader in Italy earns approximately 24 EUR for every worked hour.


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

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 fix 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.

Insurance Team Leader VS Other Jobs

Salary Comparison Between Insurance Team Leader and Insurance monthly Italy
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The average salary for Insurance Team Leader is 14% more than that of Insurance. Also, Insurance salaries are 0% more than those of All Jobs.

Salary comparison with similar jobs

Job TitleAverage Salary
Actuarial Analyst4,890 EUR+17%
Actuarial Assistant3,460 EUR-17%
Actuary5,240 EUR+25%
Adjustment Insurance Clerk1,350 EUR-68%
Assistant Broker2,480 EUR-41%
Assistant Claims Manager4,240 EUR+1%
Associate Insurance Representative1,930 EUR-54%
Auditing Insurance Manager5,430 EUR+30%
Broker3,840 EUR-8%
Claim Advocacy Professional3,860 EUR-8%
Claims Adjuster1,360 EUR-68%
Claims Analyst1,920 EUR-54%
Claims Examiner1,930 EUR-54%
Claims Manager5,270 EUR+26%
Claims Processor1,390 EUR-67%
Claims Representative1,620 EUR-61%
Claims Resolution Specialist4,160 EUR-1%
Claims Supervisor3,730 EUR-11%
Complaints Specialist3,450 EUR-18%
Compliance Officer3,130 EUR-25%
Consultant3,730 EUR-11%
Eligibility Specialist3,800 EUR-9%
Insurance Account Manager4,530 EUR+8%
Insurance Accounts Executive4,160 EUR-1%
Insurance Agent2,220 EUR-47%
Insurance Analyst3,720 EUR-11%
Insurance Appraiser3,820 EUR-9%
Insurance Claims Clerk1,420 EUR-66%
Insurance Examiner3,520 EUR-16%
Insurance Investigator3,640 EUR-13%
Insurance Manager6,480 EUR+55%
Insurance Operations Manager6,730 EUR+61%
Insurance Policy Processing Clerk1,440 EUR-66%
Insurance Pricing Assistant3,060 EUR-27%
Insurance Program Manager5,080 EUR+21%
Insurance Project Manager4,760 EUR+14%
Insurance Quality Assurance Agent3,210 EUR-23%
Insurance Sales Agent2,320 EUR-45%
Insurance Sales Director6,000 EUR+43%
Insurance Team Leader4,190 EUR+0%
Insurance Underwriter2,860 EUR-32%
Loss Control Specialist3,840 EUR-8%
Loss Prevention Investigator4,160 EUR-1%
Loss Prevention Manager5,290 EUR+26%
Loss Prevention Specialist3,890 EUR-7%
Marine Underwriter2,800 EUR-33%
Medical Auditor3,830 EUR-9%
Monitoring and Performance Officer2,630 EUR-37%
Payment Services Specialist4,010 EUR-4%
Policy Change Director5,970 EUR+43%
Policy Change Supervisor4,140 EUR-1%
Policy Change Technician1,870 EUR-55%
Risk Analyst4,350 EUR+4%
Risk Management Director7,570 EUR+81%
Risk Management Supervisor4,920 EUR+18%
Risk Manager7,350 EUR+76%
Risk Modeling Manager7,390 EUR+76%
Title Insurance Typist3,380 EUR-19%
Training Manager4,320 EUR+3%

Salary Comparison By City

CityAverage Salary
Bologna3,760 EUR
Catania3,730 EUR
Genova4,080 EUR
Milano4,180 EUR
Napoli4,270 EUR
Palermo4,010 EUR
Parma3,650 EUR
Rome4,540 EUR
Torino4,350 EUR
Trieste3,620 EUR

Government vs Private Sector Salary Comparison

Where can you get paid more, working for a private company or for the government? Public sector employees in Italy earn 5% more than their private sector counterparts on average across all sectors.

Private Sector
3,540 EUR
Public Sector+5%
3,740 EUR
Percentage increase and decrease are relative to the previous value

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