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Insurance Appraiser Average Salary in Kyrgyzstan 2020

How much money does an Insurance Appraiser make in Kyrgyzstan?


Average Monthly Salary
20,900 KGS
( 251,000 KGS yearly)

LOW
10,100
KGS
AVERAGE
20,900
KGS
HIGH
32,900
KGS

A person working as an Insurance Appraiser in Kyrgyzstan typically earns around 20,900 KGS per month. Salaries range from 10,100 KGS (lowest) to 32,900 KGS (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 Kyrgyzstan

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

  • Salary Range

    Insurance Appraiser salaries in Kyrgyzstan range from 10,100 KGS per month (minimum salary) to 32,900 KGS per month (maximum salary).

  • Median Salary

    The median salary is 21,800 KGS per month, which means that half (50%) of people working as Insurance Appraiser(s) are earning less than 21,800 KGS while the other half are earning more than 21,800 KGS. 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 14,300 KGS while 75% of them are earning more than 14,300 KGS. Also from the diagram, 75% of Insurance Appraiser(s) are earning less than 28,400 KGS while 25% are earning more than 28,400 KGS.


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 Kyrgyzstan 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 11,800 KGS per month.

While someone with an experience level between two and five years is expected to earn 16,700 KGS per month, 42% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 21,900 KGS per month, 31% 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 26,900 KGS per month, 23% 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 28,700 KGS per month, 6% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 31,400 KGS per month, 10% more than people with fifteen to twenty years of experience.


Insurance Appraiser average salary change by experience in Kyrgyzstan

0 - 2 Years
11,800 KGS
2 - 5 Years+42%
16,700 KGS
5 - 10 Years+31%
21,900 KGS
10 - 15 Years+23%
26,900 KGS
15 - 20 Years+6%
28,700 KGS
20+ Years+10%
31,400 KGS
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 Kyrgyzstan 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 15,800 KGS per month.

While someone with a Bachelor's Degree gets a salary of 29,900 KGS per month, 90% more than someone having a Certificate or Diploma degree.


Insurance Appraiser average salary difference by education level in Kyrgyzstan

Certificate or Diploma
15,800 KGS
Bachelor's Degree+90%
29,900 KGS
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 Kyrgyzstan 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 Kyrgyzstan earn 7% more than their female counterparts on average.

Male
21,900 KGS
Female-7%
20,400 KGS
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Kyrgyzstan for all Careers

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

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

Insurance Appraiser

Insurance Appraiser(s) in Kyrgyzstan are likely to observe a salary increase of approximately 8% every 29 months. The national average annual increment for all professions combined is 5% granted to employees every 28 months.

Annual Salary Increment Rate Kyrgyzstan 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.

Kyrgyzstan / 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 Kyrgyzstan is 2%.

Annual Increment Rate By Industry 2019

Banking
8%
Energy
7%
Information Technology
6%
Healthcare
5%
Travel
4%
Construction
3%
Education
2%

Listed above are the average annual increase rates for each industry in Kyrgyzstan 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 Kyrgyzstan

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Kyrgyzstan 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.

86% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 14% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 0% to 4% of their annual salary.

Received Bonus
14%
No Bonus
86%

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 Kyrgyzstan


120 KGS per hour

The average hourly wage (pay per hour) in Kyrgyzstan is 120 KGS. This means that the average Insurance Appraiser in Kyrgyzstan earns approximately 120 KGS 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 Kyrgyzstan
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The average salary for Insurance Appraiser is 7% 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 Analyst27,700 KGS+32%
Actuarial Assistant19,800 KGS-5%
Actuary27,800 KGS+33%
Adjustment Insurance Clerk7,580 KGS-64%
Assistant Broker12,400 KGS-41%
Assistant Claims Manager21,900 KGS+5%
Associate Insurance Representative10,600 KGS-49%
Auditing Insurance Manager30,800 KGS+47%
Broker20,500 KGS-2%
Claim Advocacy Professional20,400 KGS-3%
Claims Adjuster7,820 KGS-63%
Claims Analyst10,100 KGS-52%
Claims Examiner10,200 KGS-51%
Claims Manager28,200 KGS+35%
Claims Processor7,550 KGS-64%
Claims Representative8,730 KGS-58%
Claims Resolution Specialist22,200 KGS+6%
Claims Supervisor20,400 KGS-3%
Complaints Specialist17,800 KGS-15%
Compliance Officer15,600 KGS-25%
Consultant19,600 KGS-6%
Eligibility Specialist21,000 KGS+0%
Insurance Account Manager24,700 KGS+18%
Insurance Accounts Executive22,700 KGS+8%
Insurance Agent12,400 KGS-41%
Insurance Analyst18,800 KGS-10%
Insurance Appraiser20,900 KGS-0%
Insurance Claims Clerk7,130 KGS-66%
Insurance Examiner17,900 KGS-15%
Insurance Investigator18,700 KGS-11%
Insurance Manager34,200 KGS+63%
Insurance Operations Manager33,300 KGS+59%
Insurance Policy Processing Clerk7,490 KGS-64%
Insurance Pricing Assistant16,200 KGS-23%
Insurance Program Manager27,400 KGS+31%
Insurance Project Manager25,000 KGS+19%
Insurance Quality Assurance Agent17,200 KGS-18%
Insurance Sales Agent12,200 KGS-42%
Insurance Sales Director34,400 KGS+64%
Insurance Team Leader20,400 KGS-3%
Insurance Underwriter15,100 KGS-28%
Loss Control Specialist19,900 KGS-5%
Loss Prevention Investigator21,700 KGS+4%
Loss Prevention Manager27,900 KGS+33%
Loss Prevention Specialist20,800 KGS-1%
Marine Underwriter15,300 KGS-27%
Medical Auditor20,200 KGS-4%
Monitoring and Performance Officer13,500 KGS-36%
Payment Services Specialist20,900 KGS-0%
Policy Change Director30,600 KGS+46%
Policy Change Supervisor21,400 KGS+2%
Policy Change Technician9,770 KGS-53%
Risk Analyst23,300 KGS+11%
Risk Management Director37,100 KGS+77%
Risk Management Supervisor24,300 KGS+16%
Risk Manager36,800 KGS+76%
Risk Modeling Manager37,400 KGS+79%
Title Insurance Typist16,900 KGS-19%
Training Manager21,600 KGS+3%

Salary Comparison By City

CityAverage Salary
Bishkek21,800 KGS

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 Kyrgyzstan earn 17% more than their private sector counterparts on average across all sectors.

Private Sector
18,100 KGS
Public Sector+17%
21,200 KGS
Percentage increase and decrease are relative to the previous value

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