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).
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.
Minimum Salary 16,100 ZAR |
Median 30,600 ZAR |
Maximum 51,300 ZAR |
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.
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.
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.
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.
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 |
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.
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.
Certificate or Diploma | 27,000 ZAR | |
Bachelor's Degree | +53% | 41,400 ZAR |
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.
Employees at this education level have an average salary of 27,000 ZAR.
At this level, the average salary becomes 41,400 ZAR, 53% more than the previous level.
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 |
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.
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.
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
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.
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% |
The 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.
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. |
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.
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 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.
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.
Job Title | Average Salary |
Insurance | -100% | |
Actuarial Analyst | 44,300 ZAR | +35% |
Actuarial Assistant | 31,200 ZAR | -5% |
Actuarial Specialist | 31,700 ZAR | -4% |
Actuary | 44,100 ZAR | +34% |
Adjustment Insurance Clerk | 12,300 ZAR | -63% |
Assistant Broker | 21,600 ZAR | -34% |
Assistant Claims Manager | 34,100 ZAR | +4% |
Associate Insurance Representative | 16,300 ZAR | -50% |
Auditing Insurance Manager | 49,300 ZAR | +50% |
Blockchain Insurance Auditor | 29,900 ZAR | -9% |
Broker | 31,600 ZAR | -4% |
Claim Advocacy Professional | 34,200 ZAR | +4% |
Claims Adjuster | 12,300 ZAR | -63% |
Claims Analyst | 17,300 ZAR | -47% |
Claims Examiner | 17,300 ZAR | -47% |
Claims Manager | 47,000 ZAR | +43% |
Claims Processor | 12,400 ZAR | -62% |
Claims Representative | 14,200 ZAR | -57% |
Claims Resolution Specialist | 36,800 ZAR | +12% |
Claims Supervisor | 33,000 ZAR | +0% |
Complaints Specialist | 28,800 ZAR | -12% |
Compliance Examiner | 30,100 ZAR | -8% |
Compliance Officer | 25,400 ZAR | -23% |
Compliance Reviewer | 29,800 ZAR | -9% |
Consultant | 31,700 ZAR | -4% |
Drone Claims Adjuster | 14,600 ZAR | -56% |
Eligibility Interviewer | 33,700 ZAR | +3% |
Eligibility Specialist | 33,500 ZAR | +2% |
Insurance Account Manager | 38,300 ZAR | +17% |
Insurance Accounts Executive | 34,000 ZAR | +3% |
Insurance Adjuster | 29,800 ZAR | -9% |
Insurance Agent | 18,600 ZAR | -43% |
Insurance Analyst | 32,700 ZAR | -0% |
Insurance Appraiser | 32,900 ZAR | +0% |
Insurance Claims Clerk | 12,200 ZAR | -63% |
Insurance Compliance Officer | 38,100 ZAR | +16% |
Insurance Data Scientist | 31,100 ZAR | -5% |
Insurance Examiner | 30,100 ZAR | -8% |
Insurance Fraud Investigator | 28,100 ZAR | -14% |
Insurance Investigator | 30,900 ZAR | -6% |
Insurance Manager | 55,500 ZAR | +69% |
Insurance Operations Manager | 57,500 ZAR | +75% |
Insurance Policy Processing Clerk | 12,200 ZAR | -63% |
Insurance Pricing Assistant | 26,400 ZAR | -20% |
Insurance Product Manager | 39,700 ZAR | +21% |
Insurance Program Manager | 44,700 ZAR | +36% |
Insurance Project Manager | 40,500 ZAR | +23% |
Insurance Quality Assurance Agent | 28,700 ZAR | -13% |
Insurance Sales Agent | 19,600 ZAR | -40% |
Insurance Sales Director | 54,200 ZAR | +65% |
Insurance Sales Manager | 43,900 ZAR | +34% |
Insurance Sales Representative | 17,100 ZAR | -48% |
Insurance Team Leader | 34,100 ZAR | +4% |
Insurance Underwriter | 25,400 ZAR | -23% |
Insurtech Analyst | 31,200 ZAR | -5% |
Loss Control Specialist | 33,200 ZAR | +1% |
Loss Prevention Investigator | 35,800 ZAR | +9% |
Loss Prevention Manager | 45,400 ZAR | +38% |
Loss Prevention Specialist | 33,200 ZAR | +1% |
Marine Underwriter | 24,800 ZAR | -25% |
Medical Auditor | 32,800 ZAR | -0% |
Monitoring and Performance Officer | 22,600 ZAR | -31% |
Parametric Insurance Specialist | 31,900 ZAR | -3% |
Payment Services Specialist | 34,500 ZAR | +5% |
Peer-to-Peer Insurance Manager | 38,800 ZAR | +18% |
Policy Change Director | 52,200 ZAR | +59% |
Policy Change Supervisor | 36,100 ZAR | +10% |
Policy Change Technician | 16,200 ZAR | -51% |
Risk Analyst | 37,400 ZAR | +14% |
Risk Management Director | 64,900 ZAR | +98% |
Risk Management Supervisor | 42,000 ZAR | +28% |
Risk Manager | 62,600 ZAR | +91% |
Risk Modeling Manager | 62,600 ZAR | +91% |
Social Media Risk Analyst | 35,100 ZAR | +7% |
Title Insurance Typist | 28,800 ZAR | -12% |
Training Manager | 37,800 ZAR | +15% |
Underwriting Assistant | 16,800 ZAR | -49% |
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 |
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.
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.
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.
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