A person working as an Insurance Appraiser in Romania typically earns around 8,530 RON per month. Salaries range from 4,270 RON (lowest) to 13,200 RON (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 salaries in Romania range from 4,270 RON per month (minimum salary) to 13,200 RON per month (maximum salary).
The median salary is 8,530 RON per month, which means that half (50%) of people working as Insurance Appraiser(s) are earning less than 8,530 RON while the other half are earning more than 8,530 RON. 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 Insurance Appraiser(s) are earning less than 5,760 RON while 75% of them are earning more than 5,760 RON. Also from the diagram, 75% of Insurance Appraiser(s) are earning less than 10,900 RON while 25% are earning more than 10,900 RON.
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
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 5,120 RON per month.
While someone with an experience level between two and five years is expected to earn 6,770 RON 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 9,060 RON per month, 34% more than someone with two to five years of experience.
Additionally, Insurance Appraiser(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 10,800 RON 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 11,700 RON 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 12,500 RON per month, 7% more than people with fifteen to twenty years of experience.
|0 - 2 Years|
|2 - 5 Years||+32%|
|5 - 10 Years||+34%|
|10 - 15 Years||+19%|
|15 - 20 Years||+8%|
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 7,580 RON per month.
While someone with a Bachelor's Degree gets a salary of 11,800 RON per month, 56% more than someone having a Certificate or Diploma degree.
|Certificate or Diploma|
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 Romania earn 5% more than their female counterparts on average.
Insurance Appraiser(s) in Romania are likely to observe a salary increase of approximately 11% every 18 months. The national average annual increment for all professions combined is 8% granted to employees every 18 months.
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.
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
Listed above are the average annual increase rates for each industry in Romania 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.
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.
73% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 27% 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.
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.
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.
The main two types of jobs
|Revenue Generators||Supporting 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.
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.
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.
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.
The average salary for Insurance Appraiser is 5% less than that of Insurance. Also, Insurance salaries are 0% more than those of All Jobs.
|Job Title||Average Salary|
|Actuarial Analyst||11,800 RON||+38%|
|Actuarial Assistant||8,120 RON||-5%|
|Adjustment Insurance Clerk||3,350 RON||-61%|
|Assistant Broker||5,300 RON||-38%|
|Assistant Claims Manager||9,410 RON||+10%|
|Associate Insurance Representative||4,380 RON||-49%|
|Auditing Insurance Manager||13,100 RON||+54%|
|Claim Advocacy Professional||9,200 RON||+8%|
|Claims Adjuster||3,200 RON||-62%|
|Claims Analyst||4,390 RON||-49%|
|Claims Examiner||4,740 RON||-44%|
|Claims Manager||12,600 RON||+48%|
|Claims Processor||3,240 RON||-62%|
|Claims Representative||3,940 RON||-54%|
|Claims Resolution Specialist||9,670 RON||+13%|
|Claims Supervisor||8,460 RON||-1%|
|Complaints Specialist||7,990 RON||-6%|
|Compliance Officer||6,790 RON||-20%|
|Eligibility Specialist||8,370 RON||-2%|
|Insurance Account Manager||10,600 RON||+24%|
|Insurance Accounts Executive||9,290 RON||+9%|
|Insurance Agent||5,410 RON||-37%|
|Insurance Analyst||8,830 RON||+4%|
|Insurance Appraiser||8,530 RON||+0%|
|Insurance Claims Clerk||3,090 RON||-64%|
|Insurance Examiner||8,240 RON||-3%|
|Insurance Investigator||8,280 RON||-3%|
|Insurance Manager||14,800 RON||+74%|
|Insurance Operations Manager||14,600 RON||+71%|
|Insurance Policy Processing Clerk||3,200 RON||-62%|
|Insurance Pricing Assistant||7,190 RON||-16%|
|Insurance Program Manager||11,500 RON||+35%|
|Insurance Project Manager||10,600 RON||+24%|
|Insurance Quality Assurance Agent||7,690 RON||-10%|
|Insurance Sales Agent||5,000 RON||-41%|
|Insurance Sales Director||14,100 RON||+65%|
|Insurance Team Leader||9,340 RON||+10%|
|Insurance Underwriter||6,810 RON||-20%|
|Loss Control Specialist||8,400 RON||-2%|
|Loss Prevention Investigator||8,850 RON||+4%|
|Loss Prevention Manager||12,100 RON||+42%|
|Loss Prevention Specialist||9,580 RON||+12%|
|Marine Underwriter||6,340 RON||-26%|
|Medical Auditor||8,750 RON||+3%|
|Monitoring and Performance Officer||6,180 RON||-28%|
|Payment Services Specialist||8,530 RON||+0%|
|Policy Change Director||13,800 RON||+62%|
|Policy Change Supervisor||9,310 RON||+9%|
|Policy Change Technician||4,080 RON||-52%|
|Risk Analyst||9,960 RON||+17%|
|Risk Management Director||16,900 RON||+98%|
|Risk Management Supervisor||10,700 RON||+25%|
|Risk Manager||15,500 RON||+82%|
|Risk Modeling Manager||16,800 RON||+97%|
|Title Insurance Typist||7,150 RON||-16%|
|Training Manager||9,260 RON||+9%|
Where can you get paid more, working for a private company or for the government? Public sector employees in Romania earn 7% more than their private sector counterparts on average across all sectors.