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Insurance Average Salaries in Saudi Arabia 2019

How much money does a person working in Insurance make in Saudi Arabia?

16,765 SAR per month
Average Monthly Salary
A person working in Insurance in Saudi Arabia typically earns around 16,765 SAR per month.
This is the average monthly salary including housing, transport, and other benefits.
Salaries differ drasticly between different Insurance jobs. If you are interested in the salary of a particular job, see below for salaries for specific job titles.

Salaries for specific jobs

Job TitleAverage Salary
Actuarial Analyst19,318 SAR
Actuarial Assistant14,999 SAR
Actuary18,051 SAR
Adjustment Insurance Clerk10,851 SAR
Assistant Broker14,254 SAR
Assistant Claims Manager17,413 SAR
Associate Insurance Representative12,710 SAR
Auditing Insurance Manager23,899 SAR
Broker15,471 SAR
Claim Advocacy Professional16,615 SAR
Claims Adjuster11,053 SAR
Claims Analyst11,929 SAR
Claims Examiner12,016 SAR
Claims Manager18,432 SAR
Claims Processor11,223 SAR
Claims Representative11,580 SAR
Claims Resolution Specialist17,690 SAR
Claims Supervisor16,666 SAR
Complaints Specialist14,532 SAR
Compliance Officer13,360 SAR
Consultant16,029 SAR
Eligibility Specialist16,728 SAR
Insurance Account Manager17,910 SAR
Insurance Accounts Executive18,037 SAR
Insurance Agent13,598 SAR
Insurance Analyst16,173 SAR
Insurance Appraiser16,261 SAR
Insurance Claims Clerk11,341 SAR
Insurance Examiner14,591 SAR
Insurance Investigator14,848 SAR
Insurance Manager20,792 SAR
Insurance Operations Manager19,795 SAR
Insurance Policy Processing Clerk11,227 SAR
Insurance Pricing Assistant14,028 SAR
Insurance Program Manager19,148 SAR
Insurance Project Manager18,433 SAR
Insurance Quality Assurance Agent14,015 SAR
Insurance Sales Agent12,083 SAR
Insurance Sales Director19,343 SAR
Insurance Team Leader17,046 SAR
Insurance Underwriter13,743 SAR
Loss Control Specialist15,022 SAR
Loss Prevention Investigator16,027 SAR
Loss Prevention Manager18,145 SAR
Loss Prevention Specialist17,813 SAR
Marine Underwriter16,248 SAR
Medical Auditor16,065 SAR
Monitoring and Performance Officer13,663 SAR
Payment Services Specialist15,455 SAR
Policy Change Director20,498 SAR
Policy Change Supervisor17,500 SAR
Policy Change Technician12,959 SAR
Risk Analyst17,228 SAR
Risk Management Director22,503 SAR
Risk Management Supervisor17,489 SAR
Risk Manager20,564 SAR
Risk Modeling Manager22,311 SAR
Title Insurance Typist13,138 SAR
Training Manager17,620 SAR

Insurance Jobs Salary Distribution in Saudi Arabia

Median and salary distribution monthly Saudi Arabia Insurance

Abount These Figures: Salary Range, Median and Percentiles

The Insurance salaries in Saudi Arabia range between 11,184 SAR per month (minimum salary) to 24,854 SAR per month (maximum salary).

The median salary is 16,094 SAR per month, which means that half (50%) of people working in Insurance are earning less than 16,094 SAR while the other half are earning more than 16,094 SAR. 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 people working in Insurance are earning less than 12,275 SAR while 75% of them are earning more than 12,275 SAR. Also from the diagram, 75% of people working in Insurance are earning less than 18,836 SAR while 25% are earning more than 18,836 SAR.

What is the difference between the median and the average salary? What should you be looking at?

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 plently of room for improvement. If your wage is in between the average and median, then things can be a bit confusing. We have written a guide to explain all the different senarios. How to compare your salary

Insurance Salary Forecast and Trend in Saudi Arabia

How do Insurance salaries change over time? Listed below is a chart that shows the average salary in recent years.

Salary trends and forecast monthly Saudi Arabia Insurance
Average Salary 2016    =  
15,708 SAR
Average Salary 2017    +4%  
16,289 SAR
Average Salary 2018    +1%  
16,501 SAR
Average Salary 2019    +2%  
16,765 SAR
Percentage increase and decrease are relative to the previous value
Insurance salaries in Saudi Arabia are rising in the year 2019 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2019 are 2% higher than those of 2018. The trend suggests a slow yet continous increase in pay in 2020 and future years. These numbers differ slightly from industry to another.

Insurance Hourly Average Wage in Saudi Arabia

97 SAR per hour
Average Hourly Wage

The average hourly wage (pay per hour) in Saudi Arabia for Insurance is 97 SAR. This means that the average person in Saudi Arabia earns approximatly 97 SAR for every worked hour.

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

The hourly wage is the salary paid in one working 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 annual vacation allowance. The figures mentioned above are good approximation and they are considered to the be the standard.

Insurance VS Other Jobs

Salary Comparison Between Insurance and Insurance monthly Saudi ArabiaWe compared Saudi Arabia salaries for Insurance and All Jobs and we found that Insurance salaries are 0% less than those of All Jobs.

Salary Comparison By City

CityAverage Salary
Abha15,908 SAR
Dammam16,492 SAR
Jeddah17,410 SAR
Khubar16,265 SAR
Mecca17,105 SAR
Medina16,799 SAR
Riyadh17,715 SAR
Tabuk15,244 SAR
Taif15,537 SAR
15973 - 22
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