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Insurance Average Salaries in Malaysia 2019

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

7,837 MYR per month
Average Monthly Salary
A person working in Insurance in Malaysia typically earns around 7,837 MYR 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 Analyst9,392 MYR
Actuarial Assistant7,584 MYR
Actuary9,387 MYR
Adjustment Insurance Clerk5,069 MYR
Assistant Broker7,114 MYR
Assistant Claims Manager8,854 MYR
Associate Insurance Representative6,038 MYR
Auditing Insurance Manager11,619 MYR
Broker7,603 MYR
Claim Advocacy Professional7,843 MYR
Claims Adjuster5,589 MYR
Claims Analyst6,268 MYR
Claims Examiner5,942 MYR
Claims Manager9,485 MYR
Claims Processor6,005 MYR
Claims Representative5,632 MYR
Claims Resolution Specialist8,682 MYR
Claims Supervisor7,588 MYR
Complaints Specialist7,019 MYR
Compliance Officer6,680 MYR
Consultant7,588 MYR
Eligibility Specialist7,923 MYR
Insurance Account Manager9,042 MYR
Insurance Accounts Executive8,682 MYR
Insurance Agent6,719 MYR
Insurance Analyst7,961 MYR
Insurance Appraiser8,163 MYR
Insurance Claims Clerk5,350 MYR
Insurance Examiner7,166 MYR
Insurance Investigator7,584 MYR
Insurance Manager10,325 MYR
Insurance Operations Manager10,482 MYR
Insurance Policy Processing Clerk5,959 MYR
Insurance Pricing Assistant7,296 MYR
Insurance Program Manager9,762 MYR
Insurance Project Manager8,727 MYR
Insurance Quality Assurance Agent7,212 MYR
Insurance Sales Agent6,038 MYR
Insurance Sales Director9,780 MYR
Insurance Team Leader8,314 MYR
Insurance Underwriter6,487 MYR
Loss Control Specialist7,630 MYR
Loss Prevention Investigator8,465 MYR
Loss Prevention Manager9,011 MYR
Loss Prevention Specialist8,328 MYR
Marine Underwriter7,398 MYR
Medical Auditor7,978 MYR
Monitoring and Performance Officer6,619 MYR
Payment Services Specialist8,163 MYR
Policy Change Director9,481 MYR
Policy Change Supervisor8,424 MYR
Policy Change Technician6,487 MYR
Risk Analyst8,433 MYR
Risk Management Director11,462 MYR
Risk Management Supervisor9,260 MYR
Risk Manager10,244 MYR
Risk Modeling Manager10,467 MYR
Title Insurance Typist6,545 MYR
Training Manager8,794 MYR

Insurance Jobs Salary Distribution in Malaysia

Median and salary distribution monthly Malaysia Insurance

Abount These Figures: Salary Range, Median and Percentiles

The Insurance salaries in Malaysia range between 5,229 MYR per month (minimum salary) to 11,619 MYR per month (maximum salary).

The median salary is 7,602 MYR per month, which means that half (50%) of people working in Insurance are earning less than 7,602 MYR while the other half are earning more than 7,602 MYR. 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 5,774 MYR while 75% of them are earning more than 5,774 MYR. Also from the diagram, 75% of people working in Insurance are earning less than 9,034 MYR while 25% are earning more than 9,034 MYR.

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 Malaysia

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 Malaysia Insurance
Average Salary 2016    =  
7,279 MYR
Average Salary 2017    +4%  
7,548 MYR
Average Salary 2018    +2%  
7,669 MYR
Average Salary 2019    +2%  
7,837 MYR
Percentage increase and decrease are relative to the previous value
Insurance salaries in Malaysia 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 Malaysia

45 MYR per hour
Average Hourly Wage

The average hourly wage (pay per hour) in Malaysia for Insurance is 45 MYR. This means that the average person in Malaysia earns approximatly 45 MYR 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 MalaysiaWe compared Malaysia 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
Ampang7,130 MYR
Ipoh8,378 MYR
Johor Bahru7,896 MYR
Klang7,269 MYR
Kota Kinabalu7,781 MYR
Kuala Lumpur8,489 MYR
Kuching7,610 MYR
Petaling Jaya8,257 MYR
Shah Alam8,084 MYR
Subang Jaya7,416 MYR
9449 - 28
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