HOME BROWSE SALARIES BEST PAYING JOBS
Browse Salaries
Best Paying Jobs
Salary Increase Letters
Career Articles

Insurance Appraiser Average Salary in Malta 2020

How much money does an Insurance Appraiser make in Malta?


Average Monthly Salary
4,570 EUR
( 54,800 EUR yearly)

LOW
2,290
EUR
AVERAGE
4,570
EUR
HIGH
7,080
EUR

A person working as an Insurance Appraiser in Malta typically earns around 4,570 EUR per month. Salaries range from 2,290 EUR (lowest) to 7,080 EUR (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 Malta

Median and salary distribution monthly Malta Insurance Appraiser
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/malta/insurance/insurance-appraiser/median-and-salary-distribution-monthly-malta-insurance-appraiser.jpg

The median, the maximum, the minimum, and the range

  • Salary Range

    Insurance Appraiser salaries in Malta range from 2,290 EUR per month (minimum salary) to 7,080 EUR per month (maximum salary).

  • Median Salary

    The median salary is 4,570 EUR per month, which means that half (50%) of people working as Insurance Appraiser(s) are earning less than 4,570 EUR while the other half are earning more than 4,570 EUR. 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 3,080 EUR while 75% of them are earning more than 3,080 EUR. Also from the diagram, 75% of Insurance Appraiser(s) are earning less than 5,830 EUR while 25% are earning more than 5,830 EUR.


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 Malta Insurance Appraiser
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/malta/insurance/insurance-appraiser/salary-comparison-by-years-of-experience-monthly-malta-insurance-appraiser.jpg

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 2,740 EUR per month.

While someone with an experience level between two and five years is expected to earn 3,630 EUR 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 4,850 EUR 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 5,790 EUR 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 6,240 EUR 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 6,700 EUR per month, 7% more than people with fifteen to twenty years of experience.


Insurance Appraiser average salary change by experience in Malta

0 - 2 Years
2,740 EUR
2 - 5 Years+32%
3,630 EUR
5 - 10 Years+34%
4,850 EUR
10 - 15 Years+19%
5,790 EUR
15 - 20 Years+8%
6,240 EUR
20+ Years+7%
6,700 EUR
Percentage increase and decrease are relative to the previous value

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-by-experience.jpg

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 Malta Insurance Appraiser
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/malta/insurance/insurance-appraiser/salary-comparison-by-education-level-monthly-malta-insurance-appraiser.jpg

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 4,060 EUR per month.

While someone with a Bachelor's Degree gets a salary of 6,310 EUR per month, 56% more than someone having a Certificate or Diploma degree.


Insurance Appraiser average salary difference by education level in Malta

Certificate or Diploma
4,060 EUR
Bachelor's Degree+56%
6,310 EUR
Percentage increase and decrease are relative to the previous value

Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-comparison-by-education.jpg


Insurance Appraiser Salary Comparison By Gender

Salary comparison by gender monthly Malta Insurance Appraiser
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/malta/insurance/insurance-appraiser/salary-comparison-by-gender-monthly-malta-insurance-appraiser.jpg

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 Malta earn 5% more than their female counterparts on average.

Male
4,670 EUR
Female-5%
4,460 EUR
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Malta for all Careers

Salary comparison by gender monthly Malta
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/malta/salary-comparison-by-gender-monthly-malta.jpg

Insurance Appraiser Average Annual Salary Increment Percentage in Malta

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

Insurance Appraiser

Insurance Appraiser(s) in Malta 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 Malta Insurance Appraiser
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/malta/insurance/insurance-appraiser/annual-salary-increment-rate-malta-insurance-appraiser.jpg


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.

Malta / 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 Malta 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 Malta 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

Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-increment-world.jpg

Insurance Appraiser Bonus and Incentive Rates in Malta

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Malta Insurance Appraiser
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/malta/insurance/insurance-appraiser/annual-salary-bonus-rate-malta-insurance-appraiser.jpg

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 Malta


26 EUR per hour

The average hourly wage (pay per hour) in Malta is 26 EUR. This means that the average Insurance Appraiser in Malta earns approximately 26 EUR 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 Malta
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/malta/insurance/insurance-appraiser/salary-comparison-between-insurance-appraiser-and-insurance-monthly-malta.jpg

The average salary for Insurance Appraiser is 1% less than that of Insurance. Also, Insurance salaries are 0% more than those of All Jobs.

Salary comparison with similar jobs

Job TitleAverage Salary
Actuarial Analyst6,070 EUR+33%
Actuarial Assistant4,420 EUR-3%
Actuary6,080 EUR+33%
Adjustment Insurance Clerk1,800 EUR-61%
Assistant Broker2,930 EUR-36%
Assistant Claims Manager4,960 EUR+9%
Associate Insurance Representative2,410 EUR-47%
Auditing Insurance Manager6,740 EUR+48%
Broker4,630 EUR+1%
Claim Advocacy Professional4,500 EUR-2%
Claims Adjuster1,740 EUR-62%
Claims Analyst2,520 EUR-45%
Claims Examiner2,360 EUR-48%
Claims Manager6,620 EUR+45%
Claims Processor1,800 EUR-61%
Claims Representative2,120 EUR-54%
Claims Resolution Specialist5,000 EUR+9%
Claims Supervisor4,480 EUR-2%
Complaints Specialist4,230 EUR-7%
Compliance Officer3,710 EUR-19%
Consultant4,860 EUR+6%
Eligibility Specialist4,700 EUR+3%
Insurance Account Manager6,060 EUR+33%
Insurance Accounts Executive5,310 EUR+16%
Insurance Agent2,840 EUR-38%
Insurance Analyst4,730 EUR+4%
Insurance Appraiser4,570 EUR+0%
Insurance Claims Clerk1,750 EUR-62%
Insurance Examiner4,460 EUR-2%
Insurance Investigator4,280 EUR-6%
Insurance Manager7,980 EUR+75%
Insurance Operations Manager7,710 EUR+69%
Insurance Policy Processing Clerk1,750 EUR-62%
Insurance Pricing Assistant3,560 EUR-22%
Insurance Program Manager6,280 EUR+37%
Insurance Project Manager6,190 EUR+35%
Insurance Quality Assurance Agent4,040 EUR-12%
Insurance Sales Agent2,890 EUR-37%
Insurance Sales Director7,670 EUR+68%
Insurance Team Leader4,980 EUR+9%
Insurance Underwriter3,340 EUR-27%
Loss Control Specialist4,480 EUR-2%
Loss Prevention Investigator4,980 EUR+9%
Loss Prevention Manager6,520 EUR+43%
Loss Prevention Specialist4,930 EUR+8%
Marine Underwriter3,360 EUR-26%
Medical Auditor4,710 EUR+3%
Monitoring and Performance Officer3,240 EUR-29%
Payment Services Specialist4,810 EUR+5%
Policy Change Director7,060 EUR+55%
Policy Change Supervisor5,040 EUR+10%
Policy Change Technician2,330 EUR-49%
Risk Analyst5,210 EUR+14%
Risk Management Director9,330 EUR+100%
Risk Management Supervisor5,630 EUR+23%
Risk Manager8,670 EUR+90%
Risk Modeling Manager8,960 EUR+96%
Title Insurance Typist3,990 EUR-13%
Training Manager5,110 EUR+12%

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

Private Sector
4,490 EUR
Public Sector+10%
4,950 EUR
Percentage increase and decrease are relative to the previous value

Browse Salaries

Salary Increase Letters

Best Paying Jobs
HomePrivacy PolicySalary Comparison

©Salary Explorer 2020