Insurance Appraiser Average Salary in San Marino 2021
How much money does an Insurance Appraiser make in San Marino?
LOW
2,040
EUR AVERAGE
4,440
EUR HIGH
7,050
EUR
A person working as an Insurance Appraiser in San Marino typically earns around 4,440 EUR per month. Salaries range from 2,040 EUR (lowest) to 7,050 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 San Marino
The median, the maximum, the minimum, and the range
Salary Range
Insurance Appraiser salaries in San Marino range from 2,040 EUR per month (minimum salary) to 7,050 EUR per month (maximum salary).
Median Salary
The median salary is 4,790 EUR per month, which means that half (50%) of people working as Insurance Appraiser(s) are earning less than 4,790 EUR while the other half are earning more than 4,790 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 3,070 EUR while 75% of them are earning more than 3,070 EUR. Also from the diagram, 75% of Insurance Appraiser(s) are earning less than 6,400 EUR while 25% are earning more than 6,400 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?
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 2,320 EUR per month.
While someone with an experience level between two and five years is expected to earn 3,090 EUR per month, 34% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 4,570 EUR per month, 48% 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 5,570 EUR per month, 22% 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 6,080 EUR 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 6,580 EUR per month, 8% more than people with fifteen to twenty years of experience.
Insurance Appraiser average salary change by experience in San Marino
| 0 - 2 Years | 2,320 EUR | |
| 2 - 5 Years | +34% | 3,090 EUR |
| 5 - 10 Years | +48% | 4,570 EUR |
| 10 - 15 Years | +22% | 5,570 EUR |
| 15 - 20 Years | +9% | 6,080 EUR |
| 20+ Years | +8% | 6,580 EUR |
Typical Salary Progress for Most Careers
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.
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 2,690 EUR per month.
While someone with a Bachelor's Degree gets a salary of 5,200 EUR per month, 93% more than someone having a Certificate or Diploma degree.
Insurance Appraiser average salary difference by education level in San Marino
| Certificate or Diploma | 2,690 EUR | |
| Bachelor's Degree | +93% | 5,200 EUR |
Typical Salary Difference by Education for Most Careers
Insurance Appraiser Salary Comparison By Gender
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 San Marino earn 19% more than their female counterparts on average.
| Male | 4,820 EUR | |
| Female | -16% | 4,050 EUR |
Salary Comparison By Gender in San Marino for all Careers
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Insurance Appraiser Average Annual Salary Increment Percentage in San Marino
How much are annual salary increments in San Marino for Insurance Appraiser(s)? How often do employees get salary raises?
Insurance Appraiser
Insurance Appraiser(s) in San Marino 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.
San Marino / 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
Annual Increment Rate By Industry 2020
| Banking | 9% | |
| Energy | 9% | |
| Information Technology | 9% | |
| Healthcare | 9% | |
| Travel | 9% | |
| Construction | 9% | |
| Education | 9% |
Listed above are the average annual increase rates for each industry in San Marino for the year 2020. 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
Insurance Appraiser Bonus and Incentive Rates in San Marino
How much and how often are bonuses being awarded?
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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.
84% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 16% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 0% to 4% of their annual salary.
| Received Bonus | 16% | |
| No Bonus | 84% |
Types of Bonuses Considered
Individual Performance-Based BonusesThe most standard form of bonus where the employee is awarded based on their exceptional performance.
Company Performance BonusesOccasionally, 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 BonusesGranted upon achieving an important goal or milestone.
Holiday / End of Year BonusesThese 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 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. |
Example: | Example: |
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.
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 San Marino
26 EUR per hourThe average hourly wage (pay per hour) in San Marino is 26 EUR. This means that the average Insurance Appraiser in San Marino earns approximately 26 EUR for every worked hour.
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
The average salary for Insurance Appraiser is 3% less than that of Insurance. Also, Insurance salaries are 0% more than those of All Jobs.
Salary comparison with similar jobs
| Job Title | Average Salary |
| Actuarial Analyst | 5,730 EUR |  +29% |
| Actuarial Assistant | 3,980 EUR |  -10% |
| Actuary | 6,110 EUR | +38% |
| Adjustment Insurance Clerk | 1,610 EUR | -64% |
| Assistant Broker | 2,780 EUR | -37% |
| Assistant Claims Manager | 4,590 EUR | +3% |
| Associate Insurance Representative | 2,290 EUR | -48% |
| Auditing Insurance Manager | 6,360 EUR | +43% |
| Broker | 4,560 EUR | +3% |
| Claim Advocacy Professional | 4,600 EUR | +4% |
| Claims Adjuster | 1,570 EUR | -65% |
| Claims Analyst | 2,180 EUR | -51% |
| Claims Examiner | 2,380 EUR | -46% |
| Claims Manager | 6,390 EUR | +44% |
| Claims Processor | 1,660 EUR | -63% |
| Claims Representative | 2,010 EUR | -55% |
| Claims Resolution Specialist | 4,890 EUR | +10% |
| Claims Supervisor | 4,390 EUR | -1% |
| Complaints Specialist | 3,900 EUR | -12% |
| Compliance Officer | 3,550 EUR | -20% |
| Consultant | 4,130 EUR | -7% |
| Eligibility Specialist | 4,400 EUR | -1% |
| Insurance Account Manager | 5,450 EUR | +23% |
| Insurance Accounts Executive | 4,800 EUR | +8% |
| Insurance Agent | 2,590 EUR | -42% |
| Insurance Analyst | 4,240 EUR | -4% |
| Insurance Appraiser | 4,440 EUR | +0% |
| Insurance Claims Clerk | 1,630 EUR | -63% |
| Insurance Examiner | 3,960 EUR | -11% |
| Insurance Investigator | 4,030 EUR | -9% |
| Insurance Manager | 7,410 EUR | +67% |
| Insurance Operations Manager | 7,580 EUR | +71% |
| Insurance Policy Processing Clerk | 1,570 EUR | -65% |
| Insurance Pricing Assistant | 3,610 EUR | -19% |
| Insurance Program Manager | 5,870 EUR | +32% |
| Insurance Project Manager | 5,270 EUR | +19% |
| Insurance Quality Assurance Agent | 3,900 EUR | -12% |
| Insurance Sales Agent | 2,490 EUR | -44% |
| Insurance Sales Director | 6,920 EUR | +56% |
| Insurance Team Leader | 4,750 EUR | +7% |
| Insurance Underwriter | 3,410 EUR | -23% |
| Loss Control Specialist | 4,110 EUR | -7% |
| Loss Prevention Investigator | 4,370 EUR | -1% |
| Loss Prevention Manager | 6,050 EUR | +36% |
| Loss Prevention Specialist | 4,840 EUR | +9% |
| Marine Underwriter | 3,290 EUR | -26% |
| Medical Auditor | 4,370 EUR | -1% |
| Monitoring and Performance Officer | 3,010 EUR | -32% |
| Payment Services Specialist | 4,220 EUR | -5% |
| Policy Change Director | 6,690 EUR | +51% |
| Policy Change Supervisor | 4,570 EUR | +3% |
| Policy Change Technician | 2,020 EUR | -54% |
| Risk Analyst | 5,050 EUR | +14% |
| Risk Management Director | 8,660 EUR | +95% |
| Risk Management Supervisor | 5,540 EUR | +25% |
| Risk Manager | 8,150 EUR | +84% |
| Risk Modeling Manager | 8,060 EUR | +82% |
| Title Insurance Typist | 3,750 EUR | -15% |
| Training Manager | 4,850 EUR | +9% |
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 San Marino earn 25% more than their private sector counterparts on average across all sectors.
| Private Sector | 4,040 EUR | |
| Public Sector | +25% | 5,040 EUR |
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