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Insurance Average Salaries in Qatar 2024

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


Average Monthly Salary
15,500 QAR
( 186,000 QAR yearly)

LOW
5,830
QAR
AVERAGE
15,500
QAR
HIGH
30,300
QAR
All salary figures displayed here are per month except when noted otherwise.
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

A person working in Insurance in Qatar typically earns around 15,500 QAR. Salaries range from 5,830 QAR (lowest average) to 30,300 QAR (highest average, actual maximum salary is higher).


Salary Variance

The provided figure represents the median compensation that encompasses housing, transportation, and other perks. The salaries within the Insurance domain in Qatar exhibit significant discrepancies across various professions. In case you seek information about the remuneration of a specific position, please refer to the salaries listed below for respective job titles.

Salaries for specific jobs

Job TitleAverage Salary
Insurance
Actuarial Analyst20,200 QAR
Actuarial Assistant13,900 QAR
Actuarial Specialist15,100 QAR
Actuary21,100 QAR
Adjustment Insurance Clerk5,740 QAR
Assistant Broker9,370 QAR
Assistant Claims Manager15,900 QAR
Associate Insurance Representative7,590 QAR
Auditing Insurance Manager22,400 QAR
Blockchain Insurance Auditor14,300 QAR
Broker15,500 QAR
Claim Advocacy Professional14,800 QAR
Claims Adjuster5,470 QAR
Claims Analyst8,260 QAR
Claims Examiner8,070 QAR
Claims Manager21,400 QAR
Claims Processor5,490 QAR
Claims Representative6,620 QAR
Claims Resolution Specialist17,200 QAR
Claims Supervisor15,800 QAR
Complaints Specialist13,800 QAR
Compliance Examiner14,400 QAR
Compliance Officer12,800 QAR
Compliance Reviewer13,900 QAR
Consultant15,200 QAR
Drone Claims Adjuster7,140 QAR
Eligibility Interviewer16,500 QAR
Eligibility Specialist15,600 QAR
Insurance Account Manager18,300 QAR
Insurance Accounts Executive15,900 QAR
Insurance Adjuster13,600 QAR
Insurance Agent9,370 QAR
Insurance Analyst14,900 QAR
Insurance Appraiser14,900 QAR
Insurance Claims Clerk5,400 QAR
Insurance Compliance Officer16,900 QAR
Insurance Data Scientist13,400 QAR
Insurance Examiner14,400 QAR
Insurance Fraud Investigator13,100 QAR
Insurance Investigator14,400 QAR
Insurance Manager25,900 QAR
Insurance Operations Manager26,800 QAR
Insurance Policy Processing Clerk5,560 QAR
Insurance Pricing Assistant12,000 QAR
Insurance Product Manager18,100 QAR
Insurance Program Manager20,400 QAR
Insurance Project Manager19,400 QAR
Insurance Quality Assurance Agent13,100 QAR
Insurance Sales Agent8,680 QAR
Insurance Sales Director24,100 QAR
Insurance Sales Manager19,000 QAR
Insurance Sales Representative8,200 QAR
Insurance Team Leader16,700 QAR
Insurance Underwriter11,000 QAR
Insurtech Analyst13,800 QAR
Loss Control Specialist14,800 QAR
Loss Prevention Investigator15,500 QAR
Loss Prevention Manager21,200 QAR
Loss Prevention Specialist16,700 QAR
Marine Underwriter11,800 QAR
Medical Auditor15,300 QAR
Monitoring and Performance Officer10,300 QAR
Parametric Insurance Specialist15,600 QAR
Payment Services Specialist14,900 QAR
Peer-to-Peer Insurance Manager17,600 QAR
Policy Change Director23,200 QAR
Policy Change Supervisor17,200 QAR
Policy Change Technician7,550 QAR
Risk Analyst16,600 QAR
Risk Management Director28,100 QAR
Risk Management Supervisor19,600 QAR
Risk Manager28,500 QAR
Risk Modeling Manager27,800 QAR
Social Media Risk Analyst15,600 QAR
Title Insurance Typist13,100 QAR
Training Manager16,400 QAR
Underwriting Assistant8,060 QAR


Insurance Jobs Pay Scale and Salaries in Qatar

Median and salary distribution Qatar Insurance monthly
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Salary Structure and Pay Scale Comparison

5% of people earn
15,900 QAR or more
10% of people earn
13,400 to 15,900 QAR
20% of people earn
7,950 QAR or less
65% of people earn
7,950 to 13,400 QAR
Minimum Salary
5,830 QAR
Median
14,400 QAR
Maximum
30,300 QAR




Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range

All salary figures displayed here are per month except when noted otherwise.
  • Salary Range, Minimum Wage, and Starting Salary

    Salaries in Insurance in Qatar range from 5,830 QAR (starting average salary) to 30,300 QAR (maximum average salary, actual maximum is higher). To clarify, the number presented is not the legally mandated minimum wage. Rather, it represents the lowest figure reported in a salary survey that involved thousands of participants and professionals from across the entire country.

  • Median Salary

    The median income in the field of Insurance is 14,400 QAR, implying that half of the workforce in Qatar earns less than this figure, and the other half earns more. It represents the central value of salaries. As a rule of thumb, you would prefer to be part of the group earning above the median wage, situated on the right-hand side of the salary distribution chart.

  • Percentiles and Salary Scale

    Two values that are highly correlated with the median are the 25th and 75th percentiles. By examining the salary distribution diagram, it is possible to determine that 25% of individuals employed in Insurance in Qatar earn less than 11,100 QAR, while 75% of them earn more. Additionally, the diagram reveals that 75% of individuals earn less than 17,400 QAR, while 25% earn more than that.

  • Pay Scale Structure

    Data was regrouped into brackets to provide a better understanding of what salaries can be expected. This approach was deemed more accurate than relying solely on the average salary, as it offers greater insights into the distribution of salaries in the field of Insurance in Qatar. The analysis revealed that roughly 65% of all reported salaries fell within the range of 7,950 QAR to 13,400 QAR. Approximately 20% of salaries were below the 7,950 QAR mark, while 10% ranged from 13,400 QAR to 15,900 QAR. Only 5% of individuals earned a gross salary of 15,900 QAR or higher.

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 in Insurance in Qatar 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.

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.


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.
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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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.

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 degree levels across many jobs in Insurance in Qatar, below are our findings.

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 certificate 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 Qatar costs anywhere from 78,700 QAR to 236,000 QAR and lasts approximately two years. That is quite an investment.

Employees can't expect any salary increases during the study period, assuming they 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 to 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 the situation and experience among many other factors. Putting all variables aside, if a person can afford the costs of higher education then the return on investment is definitely worth it. Degree costs can be recovered roughly in a year or so.



Salary and Compensation Comparison By Gender / Insurance / Qatar

Salary comparison by gender Qatar Insurance monthly
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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? In the field of Insurance in Qatar, the average difference between the salary of male and female employees is 7%.

Male
16,200 QAR
Female-6%
15,200 QAR
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Qatar for all Careers

Salary comparison by gender monthly Qatar
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Average Annual Salary Increment Percentage / Insurance / Qatar

How much are annual salary increments in Qatar for individuals working in Insurance? How often do employees get salary raises?

Professionals working in Insurance in Qatar are likely to observe a salary increase of approximately 10% every 15 months. The national average annual increment for all professions combined is 9% granted to employees every 16 months.

Annual Salary Increment Rate Qatar Insurance
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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.

Qatar / All Professions

Annual Salary Increment Rate Qatar
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The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare 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 Qatar is 7%.

Worldwide Salary Raises: All Countries and All Jobs

World Average Annual Salary Increment
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Salary Packages and Schemes

Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.

Bonus and Incentive Rates / Insurance / Qatar

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Qatar Insurance
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45% of surveyed staff in Insurance reported that they haven't received any bonuses or incentives in the previous year while 55% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 3% to 6% of their annual salary.

Received Bonus
55%
No Bonus
45%

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.

Hourly Average Wage / Insurance / Qatar


90 QAR per hour

The average hourly wage (pay per hour) in Insurance in Qatar is 90 QAR.This is the rate they get paid for every worked hour.


Hourly Wage = Annual Salary / ( 52 x 5 x 8 )

About The Hourly Pay Rate

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 fixed 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.

What is the minimum hourly rate of pay?

The minimum pay rate per hour for people working in Insurance in Qatar is 34 QAR. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

Salary Comparison By City

CityAverage Salary
Doha16,200 QAR

Government vs Private Sector Salary Comparison

Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in Qatar is 5% on average across all career fields.

Private Sector
15,300 QAR
Public Sector+5%
16,100 QAR
Percentage increase and decrease are relative to the previous value

Salary Statistics and Calculation Guide

What is considered to be a good and competitive salary in Insurance in Qatar?

A good and competitive compensation would range anywhere between 14,400 QAR and 17,400 QAR. This is a very rough estimate. Experience and education play a very huge part in the final earnings.

Gross Salary (before tax) and Net Salary (after tax)

All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

Base / Basic Salary

The base salary for jobs in Insurance in Qatar ranges from 5,830 QAR to 11,100 QAR. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.


What is the difference between the median and the average salary?

Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn 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


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