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Insurance Appraiser Average Salary in South Africa 2024

How much money does a person working as Insurance Appraiser make in South Africa?


Average Monthly Salary
32,900 ZAR
( 394,000 ZAR yearly)

LOW
16,100
ZAR
AVERAGE
32,900
ZAR
HIGH
51,300
ZAR
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 as Insurance Appraiser in South Africa typically earns around 32,900 ZAR. Salaries range from 16,100 ZAR (lowest) to 51,300 ZAR (highest).


Salary Variance

This is the average salary including housing, transport, and other benefits. Insurance Appraiser salaries in South Africa vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.



Insurance Appraiser Pay Scale and Salaries in South Africa

Median and salary distribution South Africa Insurance Appraiser monthly
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Salary Structure and Pay Scale Comparison

5% of people earn
30,500 ZAR or more
10% of people earn
26,900 to 30,500 ZAR
20% of people earn
19,100 ZAR or less
65% of people earn
19,100 to 26,900 ZAR
Minimum Salary
16,100 ZAR
Median
30,600 ZAR
Maximum
51,300 ZAR




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 for the position Insurance Appraiser in South Africa range from 16,100 ZAR (starting salary) to 51,300 ZAR (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.

  • Median Salary

    With a median salary of 30,600 ZAR, half of the professionals who work as Insurance Appraiser in South Africa earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.

  • Percentiles and Salary Scale

    The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as Insurance Appraiser in South Africa earn less than 25,100 ZAR, while 75% earn more. Similarly, the chart shows that 75% earn less than 35,000 ZAR while 25% earn more.

  • Pay Scale Structure

    To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title Insurance Appraiser in South Africa compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 19,100 ZAR to 26,900 ZAR. About 20% of salaries are below the 19,100 ZAR mark, while 10% fall within the range of 26,900 ZAR to 30,500 ZAR. Only 5% of individuals have salaries exceeding 30,500 ZAR.

Salary Comparison by Years of Experience / Insurance Appraiser / South Africa

How do experience and age affect pay?

0 - 2 Years
19,100 ZAR
2 - 5 Years+29%
24,500 ZAR
5 - 10 Years+38%
33,900 ZAR
10 - 15 Years+24%
41,900 ZAR
15 - 20 Years+7%
44,900 ZAR
20+ Years+7%
47,900 ZAR
Percentage increase and decrease are relative to the previous value
Salary comparison by years of experience monthly South Africa 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 the wage. We broke down salaries by experience level for people working as Insurance Appraiser and this is what we found.


All salary figures displayed here are per month except when noted otherwise.

Employees with less than two years of experience earn approximately 19,100 ZAR.

While someone with an experience level between two and five years is expected to earn 24,500 ZAR, 29% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 33,900 ZAR, 38% more than someone with two to five years of experience.

Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 41,900 ZAR, 24% 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 44,900 ZAR, 7% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 47,900 ZAR, 7% more than people with fifteen to twenty 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.

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Salary Comparison By Education / Insurance Appraiser / South Africa

How do education levels affect salaries?

Displayed below is the average salary variance between different education levels of professionals working as Insurance Appraiser.

Certificate or Diploma
27,000 ZAR
Bachelor's Degree+53%
41,400 ZAR
Percentage increase and decrease are relative to the previous value
Salary comparison by education level monthly South Africa 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 salaries by education level for the position Insurance Appraiser in order to make a comparison.


Level 1: Certificate or Diploma

Employees at this education level have an average salary of 27,000 ZAR.


Level 2: Bachelor's Degree

At this level, the average salary becomes 41,400 ZAR, 53% more than the previous level.



Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
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Salary and Compensation Comparison By Gender / Insurance Appraiser / South Africa

Salary comparison by gender South Africa Insurance Appraiser 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? For the people who work as Insurance Appraiser in South Africa, the average difference between the salary of male and female employees is 8%.

Male
33,900 ZAR
Female-7%
31,400 ZAR
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in South Africa for all Careers

Salary comparison by gender monthly South Africa
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Average Annual Salary Increment Percentage / Insurance Appraiser / South Africa

How much are annual salary increments in South Africa for individuals working as Insurance Appraiser? How often do employees get salary raises?

Individuals working as Insurance Appraiser in South Africa are likely to observe a salary increase of approximately 11% every 19 months. The national average annual increment for all professions combined is 8% granted to employees every 18 months.

Annual Salary Increment Rate South Africa 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.

South Africa / All Professions

Annual Salary Increment Rate South Africa
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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 South Africa is 5%.

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 Appraiser / South Africa

How much and how often are bonuses being awarded?Annual Salary Bonus Rate South Africa Insurance Appraiser
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70% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 30% 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
30%
No Bonus
70%

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.

Average Hourly Wage / Insurance Appraiser / South Africa


190 ZAR per hour

The average hourly wage (pay per hour) for individuals working as Insurance Appraiser in South Africa is 190 ZAR.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 as Insurance Appraiser in South Africa is 93 ZAR. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

Salary comparison with similar jobs

Job TitleAverage Salary
Insurance-100%
Actuarial Analyst44,300 ZAR+35%
Actuarial Assistant31,200 ZAR-5%
Actuarial Specialist31,700 ZAR-4%
Actuary44,100 ZAR+34%
Adjustment Insurance Clerk12,300 ZAR-63%
Assistant Broker21,600 ZAR-34%
Assistant Claims Manager34,100 ZAR+4%
Associate Insurance Representative16,300 ZAR-50%
Auditing Insurance Manager49,300 ZAR+50%
Blockchain Insurance Auditor29,900 ZAR-9%
Broker31,600 ZAR-4%
Claim Advocacy Professional34,200 ZAR+4%
Claims Adjuster12,300 ZAR-63%
Claims Analyst17,300 ZAR-47%
Claims Examiner17,300 ZAR-47%
Claims Manager47,000 ZAR+43%
Claims Processor12,400 ZAR-62%
Claims Representative14,200 ZAR-57%
Claims Resolution Specialist36,800 ZAR+12%
Claims Supervisor33,000 ZAR+0%
Complaints Specialist28,800 ZAR-12%
Compliance Examiner30,100 ZAR-8%
Compliance Officer25,400 ZAR-23%
Compliance Reviewer29,800 ZAR-9%
Consultant31,700 ZAR-4%
Drone Claims Adjuster14,600 ZAR-56%
Eligibility Interviewer33,700 ZAR+3%
Eligibility Specialist33,500 ZAR+2%
Insurance Account Manager38,300 ZAR+17%
Insurance Accounts Executive34,000 ZAR+3%
Insurance Adjuster29,800 ZAR-9%
Insurance Agent18,600 ZAR-43%
Insurance Analyst32,700 ZAR-0%
Insurance Appraiser32,900 ZAR+0%
Insurance Claims Clerk12,200 ZAR-63%
Insurance Compliance Officer38,100 ZAR+16%
Insurance Data Scientist31,100 ZAR-5%
Insurance Examiner30,100 ZAR-8%
Insurance Fraud Investigator28,100 ZAR-14%
Insurance Investigator30,900 ZAR-6%
Insurance Manager55,500 ZAR+69%
Insurance Operations Manager57,500 ZAR+75%
Insurance Policy Processing Clerk12,200 ZAR-63%
Insurance Pricing Assistant26,400 ZAR-20%
Insurance Product Manager39,700 ZAR+21%
Insurance Program Manager44,700 ZAR+36%
Insurance Project Manager40,500 ZAR+23%
Insurance Quality Assurance Agent28,700 ZAR-13%
Insurance Sales Agent19,600 ZAR-40%
Insurance Sales Director54,200 ZAR+65%
Insurance Sales Manager43,900 ZAR+34%
Insurance Sales Representative17,100 ZAR-48%
Insurance Team Leader34,100 ZAR+4%
Insurance Underwriter25,400 ZAR-23%
Insurtech Analyst31,200 ZAR-5%
Loss Control Specialist33,200 ZAR+1%
Loss Prevention Investigator35,800 ZAR+9%
Loss Prevention Manager45,400 ZAR+38%
Loss Prevention Specialist33,200 ZAR+1%
Marine Underwriter24,800 ZAR-25%
Medical Auditor32,800 ZAR-0%
Monitoring and Performance Officer22,600 ZAR-31%
Parametric Insurance Specialist31,900 ZAR-3%
Payment Services Specialist34,500 ZAR+5%
Peer-to-Peer Insurance Manager38,800 ZAR+18%
Policy Change Director52,200 ZAR+59%
Policy Change Supervisor36,100 ZAR+10%
Policy Change Technician16,200 ZAR-51%
Risk Analyst37,400 ZAR+14%
Risk Management Director64,900 ZAR+98%
Risk Management Supervisor42,000 ZAR+28%
Risk Manager62,600 ZAR+91%
Risk Modeling Manager62,600 ZAR+91%
Social Media Risk Analyst35,100 ZAR+7%
Title Insurance Typist28,800 ZAR-12%
Training Manager37,800 ZAR+15%
Underwriting Assistant16,800 ZAR-49%

Salary Comparison By City

CityAverage Salary
Cape Town36,000 ZAR
Johannesburg33,000 ZAR

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 South Africa is 7% on average across all career fields.

Private Sector
30,400 ZAR
Public Sector+7%
32,400 ZAR
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 for the job title Insurance Appraiser in South Africa?

A good and competitive compensation would range anywhere between 30,600 ZAR and 35,000 ZAR. 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 a careers like Insurance Appraiser in South Africa ranges from 16,100 ZAR to 25,100 ZAR. 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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