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Insurance Average Salaries in Kenya 2019

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

Job TitleAverage Salary
Actuarial Analyst187,654 KES
Actuarial Assistant148,610 KES
Actuary171,919 KES
Adjustment Insurance Clerk103,346 KES
Assistant Broker135,748 KES
Assistant Claims Manager169,139 KES
Associate Insurance Representative118,660 KES
Auditing Insurance Manager232,159 KES
Broker147,344 KES
Claim Advocacy Professional145,963 KES
Claims Adjuster109,516 KES
Claims Analyst120,549 KES
Claims Examiner112,085 KES
Claims Manager175,540 KES
Claims Processor109,121 KES
Claims Representative110,281 KES
Claims Resolution Specialist158,589 KES
Claims Supervisor149,626 KES
Complaints Specialist144,014 KES
Compliance Officer122,311 KES
Consultant158,722 KES
Eligibility Specialist153,177 KES
Insurance Account Manager163,906 KES
Insurance Accounts Executive161,886 KES
Insurance Agent129,503 KES
Insurance Analyst151,034 KES
Insurance Appraiser151,796 KES
Insurance Claims Clerk108,007 KES
Insurance Examiner141,770 KES
Insurance Investigator147,170 KES
Insurance Manager198,020 KES
Insurance Operations Manager192,431 KES
Insurance Policy Processing Clerk113,521 KES
Insurance Pricing Assistant128,219 KES
Insurance Program Manager175,159 KES
Insurance Project Manager182,529 KES
Insurance Quality Assurance Agent133,476 KES
Insurance Sales Agent124,629 KES
Insurance Sales Director191,647 KES
Insurance Team Leader155,902 KES
Insurance Underwriter120,728 KES
Loss Control Specialist151,938 KES
Loss Prevention Investigator165,376 KES
Loss Prevention Manager172,811 KES
Loss Prevention Specialist156,610 KES
Marine Underwriter145,878 KES
Medical Auditor153,003 KES
Monitoring and Performance Officer130,122 KES
Payment Services Specialist159,470 KES
Policy Change Director195,216 KES
Policy Change Supervisor169,963 KES
Policy Change Technician128,347 KES
Risk Analyst160,738 KES
Risk Management Director214,316 KES
Risk Management Supervisor170,011 KES
Risk Manager204,031 KES
Risk Modeling Manager204,380 KES
Title Insurance Typist130,353 KES
Training Manager167,807 KES

Insurance Jobs Salary Distribution in Kenya

Median and salary distribution monthly Kenya Insurance

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.

Salary trends and forecast monthly Kenya Insurance
Average Salary 2016    =  
135,685 KES
Average Salary 2017    +4%  
140,705 KES
Average Salary 2018    +3%  
144,645 KES
Average Salary 2019    +2%  
147,393 KES
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

Salary Comparison Between Insurance and Insurance monthly KenyaWe 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

CityAverage Salary
Kisumu142,920 KES
Mombasa160,640 KES
Nairobi175,629 KES
140944 - 18
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