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Insurance Appraiser Average Salary in Kuwait 2020

How much money does an Insurance Appraiser make in Kuwait?


Average Monthly Salary
1,300 KWD
( 15,600 KWD yearly)

LOW
650
KWD
AVERAGE
1,300
KWD
HIGH
2,010
KWD

A person working as an Insurance Appraiser in Kuwait typically earns around 1,300 KWD per month. Salaries range from 650 KWD (lowest) to 2,010 KWD (highest).

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

Insurance Appraiser Salary Distribution in Kuwait

Median and salary distribution monthly Kuwait Insurance Appraiser
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The median, the maximum, the minimum, and the range

  • Salary Range

    Insurance Appraiser salaries in Kuwait range from 650 KWD per month (minimum salary) to 2,010 KWD per month (maximum salary).

  • Median Salary

    The median salary is 1,300 KWD per month, which means that half (50%) of people working as Insurance Appraiser(s) are earning less than 1,300 KWD while the other half are earning more than 1,300 KWD. 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 Appraiser(s) are earning less than 880 KWD while 75% of them are earning more than 880 KWD. Also from the diagram, 75% of Insurance Appraiser(s) are earning less than 1,650 KWD while 25% are earning more than 1,650 KWD.


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 Appraiser Salary Comparison by Years of Experience

How does experience and age affect your pay?

Salary comparison by years of experience monthly Kuwait Insurance Appraiser
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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 Appraiser salaries by experience level and this is what we found.

An Insurance Appraiser with less than two years of experience makes approximately 780 KWD per month.

While someone with an experience level between two and five years is expected to earn 1,030 KWD per month, 32% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 1,380 KWD per month, 34% 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 Appraiser(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 1,640 KWD per month, 19% 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 1,770 KWD per month, 8% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 1,900 KWD per month, 7% more than people with fifteen to twenty years of experience.


Insurance Appraiser average salary change by experience in Kuwait

0 - 2 Years
780 KWD
2 - 5 Years+32%
1,030 KWD
5 - 10 Years+34%
1,380 KWD
10 - 15 Years+19%
1,640 KWD
15 - 20 Years+8%
1,770 KWD
20+ Years+7%
1,900 KWD
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 Appraiser Salary Comparison By Education

How do education levels affect salaries?

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

Salary comparison by education level monthly Kuwait Insurance Appraiser
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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 Appraiser salaries by education level in order to make a comparison.

When the education level is Certificate or Diploma, the average salary of an Insurance Appraiser is 1,150 KWD per month.

While someone with a Bachelor's Degree gets a salary of 1,790 KWD per month, 55% more than someone having a Certificate or Diploma degree.


Insurance Appraiser average salary difference by education level in Kuwait

Certificate or Diploma
1,150 KWD
Bachelor's Degree+55%
1,790 KWD
Percentage increase and decrease are relative to the previous value

Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
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Insurance Appraiser Salary Comparison By Gender

Salary comparison by gender monthly Kuwait Insurance Appraiser
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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 Appraiser employees in Kuwait earn 6% more than their female counterparts on average.

Male
1,330 KWD
Female-6%
1,260 KWD
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Kuwait for all Careers

Salary comparison by gender monthly Kuwait
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Insurance Appraiser Average Annual Salary Increment Percentage in Kuwait

How much are annual salary increments in Kuwait for Insurance Appraiser(s)? How often do employees get salary raises?

Insurance Appraiser

Insurance Appraiser(s) in Kuwait are likely to observe a salary increase of approximately 7% every 29 months. The national average annual increment for all professions combined is 4% granted to employees every 29 months.

Annual Salary Increment Rate Kuwait Insurance Appraiser
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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.

Kuwait / 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 Kuwait is 2%.

Annual Increment Rate By Industry 2019

Banking
7%
Energy
5%
Information Technology
3%
Healthcare
1%
Travel
8%
Construction
6%
Education
4%

Listed above are the average annual increase rates for each industry in Kuwait 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 Appraiser Bonus and Incentive Rates in Kuwait

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Kuwait Insurance Appraiser
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An Insurance Appraiser is considered to be a low 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.

88% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 12% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 0% to 3% of their annual salary.

Received Bonus
12%
No Bonus
88%

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 Appraiser Average Hourly Wage in Kuwait


7 KWD per hour

The average hourly wage (pay per hour) in Kuwait is 7 KWD. This means that the average Insurance Appraiser in Kuwait earns approximately 7 KWD 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 Appraiser VS Other Jobs

Salary Comparison Between Insurance Appraiser and Insurance monthly Kuwait
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The average salary for Insurance Appraiser is 2% 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 Analyst1,690 KWD+30%
Actuarial Assistant1,210 KWD-7%
Actuary1,710 KWD+32%
Adjustment Insurance Clerk460 KWD-65%
Assistant Broker810 KWD-38%
Assistant Claims Manager1,400 KWD+8%
Associate Insurance Representative690 KWD-47%
Auditing Insurance Manager1,880 KWD+45%
Broker1,320 KWD+2%
Claim Advocacy Professional1,340 KWD+3%
Claims Adjuster480 KWD-63%
Claims Analyst680 KWD-48%
Claims Examiner690 KWD-47%
Claims Manager1,900 KWD+47%
Claims Processor510 KWD-61%
Claims Representative560 KWD-57%
Claims Resolution Specialist1,460 KWD+13%
Claims Supervisor1,240 KWD-4%
Complaints Specialist1,150 KWD-11%
Compliance Officer1,100 KWD-15%
Consultant1,240 KWD-4%
Eligibility Specialist1,280 KWD-1%
Insurance Account Manager1,600 KWD+23%
Insurance Accounts Executive1,460 KWD+13%
Insurance Agent800 KWD-38%
Insurance Analyst1,260 KWD-3%
Insurance Appraiser1,300 KWD+0%
Insurance Claims Clerk490 KWD-62%
Insurance Examiner1,220 KWD-6%
Insurance Investigator1,270 KWD-2%
Insurance Manager2,220 KWD+71%
Insurance Operations Manager2,220 KWD+71%
Insurance Policy Processing Clerk510 KWD-61%
Insurance Pricing Assistant1,080 KWD-17%
Insurance Program Manager1,790 KWD+38%
Insurance Project Manager1,580 KWD+22%
Insurance Quality Assurance Agent1,160 KWD-10%
Insurance Sales Agent750 KWD-42%
Insurance Sales Director2,100 KWD+62%
Insurance Team Leader1,410 KWD+9%
Insurance Underwriter990 KWD-24%
Loss Control Specialist1,290 KWD-0%
Loss Prevention Investigator1,410 KWD+9%
Loss Prevention Manager1,810 KWD+40%
Loss Prevention Specialist1,350 KWD+4%
Marine Underwriter930 KWD-28%
Medical Auditor1,310 KWD+1%
Monitoring and Performance Officer950 KWD-27%
Payment Services Specialist1,360 KWD+5%
Policy Change Director2,050 KWD+58%
Policy Change Supervisor1,430 KWD+10%
Policy Change Technician650 KWD-50%
Risk Analyst1,400 KWD+8%
Risk Management Director2,470 KWD+91%
Risk Management Supervisor1,620 KWD+25%
Risk Manager2,450 KWD+89%
Risk Modeling Manager2,480 KWD+91%
Title Insurance Typist1,130 KWD-13%
Training Manager1,410 KWD+9%

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 Kuwait earn 10% more than their private sector counterparts on average across all sectors.

Private Sector
1,230 KWD
Public Sector+10%
1,350 KWD
Percentage increase and decrease are relative to the previous value

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