A person working as Insurance Appraiser in Kuwait typically earns around 1,300 KWD. Salaries range from 650 KWD (lowest) to 2,010 KWD (highest).
This is the average salary including housing, transport, and other benefits. Insurance Appraiser salaries in Kuwait vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Minimum Salary 650 KWD |
Median 1,200 KWD |
Maximum 2,010 KWD |
Salaries for the position Insurance Appraiser in Kuwait range from 650 KWD (starting salary) to 2,010 KWD (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.
With a median salary of 1,200 KWD, half of the professionals who work as Insurance Appraiser in Kuwait earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.
The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as Insurance Appraiser in Kuwait earn less than 990 KWD, while 75% earn more. Similarly, the chart shows that 75% earn less than 1,370 KWD while 25% earn more.
To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title Insurance Appraiser in Kuwait compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 760 KWD to 1,060 KWD. About 20% of salaries are below the 760 KWD mark, while 10% fall within the range of 1,060 KWD to 1,190 KWD. Only 5% of individuals have salaries exceeding 1,190 KWD.
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 |
The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage. We broke down salaries by experience level for people working as Insurance Appraiser and this is what we found.
Employees with less than two years of experience earn approximately 780 KWD.
While someone with an experience level between two and five years is expected to earn 1,030 KWD, 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, 34% more than someone with two to five years of experience.
Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 1,640 KWD, 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, 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, 7% more than people with fifteen to twenty years of experience.
Certificate or Diploma | 1,150 KWD | |
Bachelor's Degree | +55% | 1,790 KWD |
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 salaries by education level for the position Insurance Appraiser in order to make a comparison.
Employees at this education level have an average salary of 1,150 KWD.
At this level, the average salary becomes 1,790 KWD, 55% more than the previous level.
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? For the people who work as Insurance Appraiser in Kuwait, the average difference between the salary of male and female employees is 6%.
Male | 1,330 KWD | |
Female | -6% | 1,260 KWD |
Individuals working as Insurance Appraiser 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.
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.
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
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.
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% |
The most standard form of bonus, where the employee is awarded based on their exceptional performance.
Company Performance BonusesOccasionally, 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 BonusesGranted upon achieving an important goal or milestone.
Holiday / End of Year BonusesThese types of bonuses are given without a reason and usually resemble an appreciation token.
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.
The main two types of jobs | |
Revenue Generators | Supporting 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: | Example: |
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.
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.
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.
The minimum pay rate per hour for people working as Insurance Appraiser in Kuwait is 4 KWD. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.
Job Title | Average Salary |
Insurance | -100% | |
Actuarial Analyst | 1,690 KWD | +30% |
Actuarial Assistant | 1,210 KWD | -7% |
Actuarial Specialist | 1,240 KWD | -4% |
Actuary | 1,710 KWD | +32% |
Adjustment Insurance Clerk | 460 KWD | -65% |
Assistant Broker | 810 KWD | -38% |
Assistant Claims Manager | 1,400 KWD | +8% |
Associate Insurance Representative | 690 KWD | -47% |
Auditing Insurance Manager | 1,880 KWD | +45% |
Blockchain Insurance Auditor | 1,250 KWD | -4% |
Broker | 1,320 KWD | +2% |
Claim Advocacy Professional | 1,340 KWD | +3% |
Claims Adjuster | 480 KWD | -63% |
Claims Analyst | 680 KWD | -48% |
Claims Examiner | 690 KWD | -47% |
Claims Manager | 1,900 KWD | +47% |
Claims Processor | 510 KWD | -61% |
Claims Representative | 560 KWD | -57% |
Claims Resolution Specialist | 1,460 KWD | +13% |
Claims Supervisor | 1,240 KWD | -4% |
Complaints Specialist | 1,150 KWD | -11% |
Compliance Examiner | 1,180 KWD | -9% |
Compliance Officer | 1,100 KWD | -15% |
Compliance Reviewer | 1,180 KWD | -9% |
Consultant | 1,240 KWD | -4% |
Drone Claims Adjuster | 610 KWD | -53% |
Eligibility Interviewer | 1,340 KWD | +3% |
Eligibility Specialist | 1,280 KWD | -1% |
Insurance Account Manager | 1,600 KWD | +23% |
Insurance Accounts Executive | 1,460 KWD | +13% |
Insurance Adjuster | 1,200 KWD | -7% |
Insurance Agent | 800 KWD | -38% |
Insurance Analyst | 1,260 KWD | -3% |
Insurance Appraiser | 1,300 KWD | +0% |
Insurance Claims Clerk | 490 KWD | -62% |
Insurance Compliance Officer | 1,510 KWD | +17% |
Insurance Data Scientist | 1,250 KWD | -4% |
Insurance Examiner | 1,220 KWD | -6% |
Insurance Fraud Investigator | 1,040 KWD | -20% |
Insurance Investigator | 1,270 KWD | -2% |
Insurance Manager | 2,220 KWD | +71% |
Insurance Operations Manager | 2,220 KWD | +71% |
Insurance Policy Processing Clerk | 510 KWD | -61% |
Insurance Pricing Assistant | 1,080 KWD | -17% |
Insurance Product Manager | 1,490 KWD | +15% |
Insurance Program Manager | 1,790 KWD | +38% |
Insurance Project Manager | 1,580 KWD | +22% |
Insurance Quality Assurance Agent | 1,160 KWD | -10% |
Insurance Sales Agent | 750 KWD | -42% |
Insurance Sales Director | 2,100 KWD | +62% |
Insurance Sales Manager | 1,770 KWD | +37% |
Insurance Sales Representative | 670 KWD | -48% |
Insurance Team Leader | 1,410 KWD | +9% |
Insurance Underwriter | 990 KWD | -24% |
Insurtech Analyst | 1,180 KWD | -9% |
Loss Control Specialist | 1,290 KWD | -0% |
Loss Prevention Investigator | 1,410 KWD | +9% |
Loss Prevention Manager | 1,820 KWD | +40% |
Loss Prevention Specialist | 1,350 KWD | +4% |
Marine Underwriter | 930 KWD | -28% |
Medical Auditor | 1,310 KWD | +1% |
Monitoring and Performance Officer | 950 KWD | -27% |
Parametric Insurance Specialist | 1,360 KWD | +5% |
Payment Services Specialist | 1,360 KWD | +5% |
Peer-to-Peer Insurance Manager | 1,650 KWD | +27% |
Policy Change Director | 2,050 KWD | +58% |
Policy Change Supervisor | 1,430 KWD | +10% |
Policy Change Technician | 650 KWD | -50% |
Risk Analyst | 1,400 KWD | +8% |
Risk Management Director | 2,470 KWD | +91% |
Risk Management Supervisor | 1,620 KWD | +25% |
Risk Manager | 2,450 KWD | +89% |
Risk Modeling Manager | 2,490 KWD | +92% |
Social Media Risk Analyst | 1,390 KWD | +7% |
Title Insurance Typist | 1,130 KWD | -13% |
Training Manager | 1,410 KWD | +9% |
Underwriting Assistant | 630 KWD | -51% |
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 Kuwait is 10% on average across all career fields.
Private Sector | 1,230 KWD | |
Public Sector | +10% | 1,360 KWD |
A good and competitive compensation would range anywhere between 1,200 KWD and 1,370 KWD. This is a very rough estimate. Experience and education play a very huge part in the final earnings.
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.
The base salary for a careers like Insurance Appraiser in Kuwait ranges from 650 KWD to 990 KWD. 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.
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