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Insurance Appraiser Average Salary in Mauritius 2020

How much money does an Insurance Appraiser make in Mauritius?


Average Monthly Salary
45,500 MUR
( 546,000 MUR yearly)

LOW
23,200
MUR
AVERAGE
45,500
MUR
HIGH
70,100
MUR

A person working as an Insurance Appraiser in Mauritius typically earns around 45,500 MUR per month. Salaries range from 23,200 MUR (lowest) to 70,100 MUR (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 Mauritius

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

  • Salary Range

    Insurance Appraiser salaries in Mauritius range from 23,200 MUR per month (minimum salary) to 70,100 MUR per month (maximum salary).

  • Median Salary

    The median salary is 44,600 MUR per month, which means that half (50%) of people working as Insurance Appraiser(s) are earning less than 44,600 MUR while the other half are earning more than 44,600 MUR. 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 30,500 MUR while 75% of them are earning more than 30,500 MUR. Also from the diagram, 75% of Insurance Appraiser(s) are earning less than 56,200 MUR while 25% are earning more than 56,200 MUR.


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 Mauritius 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 26,000 MUR per month.

While someone with an experience level between two and five years is expected to earn 34,000 MUR per month, 31% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 47,600 MUR per month, 40% 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 57,200 MUR per month, 20% 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 62,100 MUR per month, 9% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 67,000 MUR per month, 8% more than people with fifteen to twenty years of experience.


Insurance Appraiser average salary change by experience in Mauritius

0 - 2 Years
26,000 MUR
2 - 5 Years+31%
34,000 MUR
5 - 10 Years+40%
47,600 MUR
10 - 15 Years+20%
57,200 MUR
15 - 20 Years+9%
62,100 MUR
20+ Years+8%
67,000 MUR
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 Mauritius 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 30,700 MUR per month.

While someone with a Bachelor's Degree gets a salary of 55,500 MUR per month, 81% more than someone having a Certificate or Diploma degree.


Insurance Appraiser average salary difference by education level in Mauritius

Certificate or Diploma
30,700 MUR
Bachelor's Degree+81%
55,500 MUR
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 Mauritius 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 Mauritius earn 10% more than their female counterparts on average.

Male
47,700 MUR
Female-9%
43,400 MUR
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Mauritius for all Careers

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

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

Insurance Appraiser

Insurance Appraiser(s) in Mauritius 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 Mauritius 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.

Mauritius / 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 Mauritius is 2%.

Annual Increment Rate By Industry 2019

Banking
2%
Energy
4%
Information Technology
6%
Healthcare
8%
Travel
1%
Construction
3%
Education
5%

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

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

89% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 11% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 1% to 3% of their annual salary.

Received Bonus
11%
No Bonus
89%

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 Mauritius


260 MUR per hour

The average hourly wage (pay per hour) in Mauritius is 260 MUR. This means that the average Insurance Appraiser in Mauritius earns approximately 260 MUR 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 Mauritius
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The average salary for Insurance Appraiser is 2% 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 Analyst63,400 MUR+39%
Actuarial Assistant46,300 MUR+2%
Actuary62,100 MUR+36%
Adjustment Insurance Clerk17,000 MUR-63%
Assistant Broker28,700 MUR-37%
Assistant Claims Manager52,900 MUR+16%
Associate Insurance Representative24,500 MUR-46%
Auditing Insurance Manager70,500 MUR+55%
Broker48,200 MUR+6%
Claim Advocacy Professional48,100 MUR+6%
Claims Adjuster18,300 MUR-60%
Claims Analyst24,000 MUR-47%
Claims Examiner24,900 MUR-45%
Claims Manager63,500 MUR+40%
Claims Processor17,400 MUR-62%
Claims Representative20,800 MUR-54%
Claims Resolution Specialist48,400 MUR+6%
Claims Supervisor48,000 MUR+5%
Complaints Specialist43,600 MUR-4%
Compliance Officer39,100 MUR-14%
Consultant49,000 MUR+8%
Eligibility Specialist45,600 MUR+0%
Insurance Account Manager55,500 MUR+22%
Insurance Accounts Executive50,400 MUR+11%
Insurance Agent29,000 MUR-36%
Insurance Analyst46,200 MUR+2%
Insurance Appraiser45,500 MUR-0%
Insurance Claims Clerk17,500 MUR-62%
Insurance Examiner44,800 MUR-2%
Insurance Investigator43,200 MUR-5%
Insurance Manager79,800 MUR+75%
Insurance Operations Manager77,400 MUR+70%
Insurance Policy Processing Clerk17,700 MUR-61%
Insurance Pricing Assistant35,300 MUR-22%
Insurance Program Manager61,000 MUR+34%
Insurance Project Manager62,400 MUR+37%
Insurance Quality Assurance Agent38,800 MUR-15%
Insurance Sales Agent29,300 MUR-36%
Insurance Sales Director80,400 MUR+77%
Insurance Team Leader47,400 MUR+4%
Insurance Underwriter35,600 MUR-22%
Loss Control Specialist44,400 MUR-2%
Loss Prevention Investigator49,600 MUR+9%
Loss Prevention Manager65,200 MUR+43%
Loss Prevention Specialist49,500 MUR+9%
Marine Underwriter36,000 MUR-21%
Medical Auditor47,100 MUR+4%
Monitoring and Performance Officer32,400 MUR-29%
Payment Services Specialist47,900 MUR+5%
Policy Change Director76,400 MUR+68%
Policy Change Supervisor49,600 MUR+9%
Policy Change Technician23,100 MUR-49%
Risk Analyst51,900 MUR+14%
Risk Management Director93,300 MUR+110%
Risk Management Supervisor56,600 MUR+24%
Risk Manager87,400 MUR+92%
Risk Modeling Manager90,700 MUR+99%
Title Insurance Typist40,200 MUR-12%
Training Manager50,100 MUR+10%

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 Mauritius earn 18% more than their private sector counterparts on average across all sectors.

Private Sector
41,800 MUR
Public Sector+18%
49,200 MUR
Percentage increase and decrease are relative to the previous value

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