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Insurance Average Salaries in Mombasa 2020

How much money does a person working in Insurance make in Mombasa?

Average Monthly Salary
161,000 KES
( 1,930,000 KES yearly)


A person working in Insurance in Mombasa typically earns around 161,000 KES per month. Salaries range from 107,000 KES (lowest average) to 238,000 KES (highest average, actual maximum salary is higher).

This is the average monthly salary including housing, transport, and other benefits. Salaries vary drastically between different Insurance careers. 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 Analyst178,000 KES
Actuarial Assistant152,000 KES
Actuary188,000 KES
Adjustment Insurance Clerk100,000 KES
Assistant Broker140,000 KES
Assistant Claims Manager173,000 KES
Associate Insurance Representative120,000 KES
Auditing Insurance Manager220,000 KES
Broker158,000 KES
Claim Advocacy Professional150,000 KES
Claims Adjuster112,000 KES
Claims Analyst120,000 KES
Claims Examiner121,000 KES
Claims Manager185,000 KES
Claims Processor112,000 KES
Claims Representative114,000 KES
Claims Resolution Specialist159,000 KES
Claims Supervisor150,000 KES
Complaints Specialist136,000 KES
Compliance Officer122,000 KES
Consultant153,000 KES
Eligibility Specialist150,000 KES
Insurance Account Manager170,000 KES
Insurance Accounts Executive166,000 KES
Insurance Agent128,000 KES
Insurance Analyst144,000 KES
Insurance Appraiser157,000 KES
Insurance Claims Clerk109,000 KES
Insurance Examiner140,000 KES
Insurance Investigator142,000 KES
Insurance Manager200,000 KES
Insurance Operations Manager190,000 KES
Insurance Policy Processing Clerk107,000 KES
Insurance Pricing Assistant136,000 KES
Insurance Program Manager189,000 KES
Insurance Project Manager176,000 KES
Insurance Quality Assurance Agent140,000 KES
Insurance Sales Agent126,000 KES
Insurance Sales Director196,000 KES
Insurance Team Leader156,000 KES
Insurance Underwriter124,000 KES
Loss Control Specialist146,000 KES
Loss Prevention Investigator155,000 KES
Loss Prevention Manager175,000 KES
Loss Prevention Specialist171,000 KES
Marine Underwriter146,000 KES
Medical Auditor155,000 KES
Monitoring and Performance Officer131,000 KES
Payment Services Specialist149,000 KES
Policy Change Director201,000 KES
Policy Change Supervisor171,000 KES
Policy Change Technician126,000 KES
Risk Analyst166,000 KES
Risk Management Director216,000 KES
Risk Management Supervisor168,000 KES
Risk Manager217,000 KES
Risk Modeling Manager212,000 KES
Title Insurance Typist139,000 KES
Training Manager173,000 KES

Insurance Jobs Salary Distribution in Mombasa

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

  • Salary Range

    Insurance salaries in Mombasa range from 107,000 KES per month (minimum average salary) to 238,000 KES per month (maximum average salary, actual maximum is higher).

  • Median Salary

    The median salary is 173,000 KES per month, which means that half (50%) of people working in Insurance are earning less than 173,000 KES while the other half are earning more than 173,000 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.

  • Percentiles

    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 126,000 KES while 75% of them are earning more than 126,000 KES. Also from the diagram, 75% of people working in Insurance are earning less than 222,000 KES while 25% are earning more than 222,000 KES.

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

Salary Comparison by Years of Experience

How does a person's salary progress over time?

Salary Comparison By Experience Level
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The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher the wage.

Generally speaking, employees having experience from two to five years earn on average 32% more than freshers and juniors across all industries and disciplines.

Professionals with experience of more than five years tend to earn on average 36% more than those with five years or less of work experience.

Change in salary based on experience varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of many different jobs. To view accurate figures, choose a specific job title.

As you hit the ten years mark, the salary increases by 21% and an additional 14% for those who have crossed the 15 years mark.

Those figures are presented as guidelines only. The numbers become more significant if you consider one job title at a time.

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.

Salary Comparison By Education

How does the education level affect your salary?

Salary Comparison By Education
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It is well known that higher education equals a bigger salary, but how much more money can a degree add to your income? We compared the salaries of professionals at the same level but with different college degrees levels across many jobs, below are our findings.

Change in salary based on education varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of multiple jobs. To view accurate figures, choose a specific job title.

Workers with a certificate or diploma earn on average 17% more than their peers who only reached the high school level.

Employees who earned a Bachelor's Degree earn 24% more than those who only managed to attain a cerificate or diploma.

Professionals who attained a Master's Degree are awarded salaries that are 29% more than those with a Bachelor's Degree.

Finally, PhD holders earn 23% more than Master's Degree holders on average while doing the same job.

Is a Master's degree or an MBA worth it? Should you pursue higher education?

A Master's degree program or any post-graduate program in Kenya costs anywhere from 740,000 Kenyan Shilling(s) to 2,220,000 Kenyan Shilling(s) and lasts approximately two years. That is quite an investment.

You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.

Many people pursue higher education as a tactic to switch into a higher paying job. The numbers seem to support this tactic. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

The decision really depends on your situation and experience among many other factors. Putting all variables aside, if you can afford the costs of higher education then the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.

Insurance Salary Comparison By Gender

Salary comparison by gender monthly Kenya Insurance
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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 employees earn 14% more than their female counterparts.

136,000 KES
155,000 KES
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Kenya for all Careers

Salary comparison by gender monthly Kenya
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Government vs Private Sector Salary Comparison

Public vs private sector salaries monthly Kenya
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Where can you get paid more, working for a private company or for the government? Public sector employees in Kenya earn 14% more than their private sector counterparts.

Private Sector
141,000 KES
Public Sector+14%
160,000 KES
Percentage increase and decrease are relative to the previous value

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
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Average Salary 2016
131,000 KES
Average Salary 2017+4%
136,000 KES
Average Salary 2018+3%
139,000 KES
Average Salary 2019+2%
142,000 KES
Percentage increase and decrease are relative to the previous value

Insurance salaries in Kenya are rising in the year 2020 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 continuous increase in pay in 2021 and future years. These numbers may vary from industry to another.

Insurance Hourly Average Wage in Mombasa

930 KES per hour

The average hourly wage (pay per hour) in Mombasa is 930 KES. This means that the average person in Mombasa earns approximately 930 KES 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 VS Other Jobs

Salary Comparison Between Insurance and Insurance monthly Mombasa
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The average salary for Insurance is 0% less than that of All Jobs.

Mombasa VS Kenya

Salary Comparison Between Mombasa and Kenya monthly Insurance
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We compared Insurance salaries in Mombasa and Kenya and we found that Mombasa salaries are 9% more than those of Kenya.

Salary Comparison By City

CityAverage Salary
Kisumu143,000 KES
Mombasa161,000 KES
Nairobi176,000 KES
0 - 0

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