How much money does a person working in Insurance make in Kenya?
147,393 KES per month
Average Monthly Salary
A person working in Insurance in Kenya typically earns around 147,393 KES per month.
This is the average monthly salary including housing, transport, and other benefits.
Salaries differ drasticly between different Insurance jobs. If you are interested in the salary of a particular job, see below for salaries for specific job titles.
Salaries for specific jobs
|Actuarial Analyst||187,654 KES|
|Actuarial Assistant||148,610 KES|
|Adjustment Insurance Clerk||103,346 KES|
|Assistant Broker||135,748 KES|
|Assistant Claims Manager||169,139 KES|
|Associate Insurance Representative||118,660 KES|
|Auditing Insurance Manager||232,159 KES|
|Claim Advocacy Professional||145,963 KES|
|Claims Adjuster||109,516 KES|
|Claims Analyst||120,549 KES|
|Claims Examiner||112,085 KES|
|Claims Manager||175,540 KES|
|Claims Processor||109,121 KES|
|Claims Representative||110,281 KES|
|Claims Resolution Specialist||158,589 KES|
|Claims Supervisor||149,626 KES|
|Complaints Specialist||144,014 KES|
|Compliance Officer||122,311 KES|
|Eligibility Specialist||153,177 KES|
|Insurance Account Manager||163,906 KES|
|Insurance Accounts Executive||161,886 KES|
|Insurance Agent||129,503 KES|
|Insurance Analyst||151,034 KES|
|Insurance Appraiser||151,796 KES|
|Insurance Claims Clerk||108,007 KES|
|Insurance Examiner||141,770 KES|
|Insurance Investigator||147,170 KES|
|Insurance Manager||198,020 KES|
|Insurance Operations Manager||192,431 KES|
|Insurance Policy Processing Clerk||113,521 KES|
|Insurance Pricing Assistant||128,219 KES|
|Insurance Program Manager||175,159 KES|
|Insurance Project Manager||182,529 KES|
|Insurance Quality Assurance Agent||133,476 KES|
|Insurance Sales Agent||124,629 KES|
|Insurance Sales Director||191,647 KES|
|Insurance Team Leader||155,902 KES|
|Insurance Underwriter||120,728 KES|
|Loss Control Specialist||151,938 KES|
|Loss Prevention Investigator||165,376 KES|
|Loss Prevention Manager||172,811 KES|
|Loss Prevention Specialist||156,610 KES|
|Marine Underwriter||145,878 KES|
|Medical Auditor||153,003 KES|
|Monitoring and Performance Officer||130,122 KES|
|Payment Services Specialist||159,470 KES|
|Policy Change Director||195,216 KES|
|Policy Change Supervisor||169,963 KES|
|Policy Change Technician||128,347 KES|
|Risk Analyst||160,738 KES|
|Risk Management Director||214,316 KES|
|Risk Management Supervisor||170,011 KES|
|Risk Manager||204,031 KES|
|Risk Modeling Manager||204,380 KES|
|Title Insurance Typist||130,353 KES|
|Training Manager||167,807 KES|
Insurance Jobs Salary Distribution in Kenya
Abount These Figures: Salary Range, Median and Percentiles
The Insurance salaries in Kenya range between 98,332 KES per month (minimum salary) to 218,516 KES per month (maximum salary).
The median salary is 148,867 KES per month, which means that half (50%) of people working in Insurance are earning less than 148,867 KES while the other half are earning more than 148,867 KES. 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.
Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of people working in Insurance are earning less than 111,240 KES while 75% of them are earning more than 111,240 KES. Also from the diagram, 75% of people working in Insurance are earning less than 187,365 KES while 25% are earning more than 187,365 KES.
What is the difference between the median and the average salary? What should you be looking at?
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 plently of room for improvement. If your wage is in between the average and median, then things can be a bit confusing. We have written a guide to explain all the different senarios. How to compare your salary
Insurance Salary Forecast and Trend in Kenya
How do Insurance salaries change over time? Listed below is a chart that shows the average salary in recent years.
|Average Salary 2016|| = |
|Average Salary 2017|| +4% |
|Average Salary 2018|| +3% |
|Average Salary 2019|| +2% |
Percentage increase and decrease are relative to the previous value
Insurance salaries in Kenya are rising in the year 2019 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2019 are 2% higher than those of 2018. The trend suggests a slow yet continous increase in pay in 2020 and future years. These numbers differ slightly from industry to another.
Insurance Hourly Average Wage in Kenya
850 KES per hour
Average Hourly Wage
The average hourly wage (pay per hour) in Kenya for Insurance is 850 KES. This means that the average person in Kenya earns approximatly 850 KES for every worked hour.
Hourly Wage = Annual Salary ÷ ( 52 x 5 x 8 )
The hourly wage is the salary paid in one working 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 annual vacation allowance. The figures mentioned above are good approximation and they are considered to the be the standard.
Insurance VS Other Jobs
We compared Kenya salaries for Insurance and All Jobs and we found that Insurance salaries are 0% less than those of All Jobs.
Salary Comparison By City
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