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Insurance Appraiser Average Salary in Taiwan 2020

How much money does an Insurance Appraiser make in Taiwan?


Average Monthly Salary
140,000 TWD
( 1,680,000 TWD yearly)

LOW
75,700
TWD
AVERAGE
140,000
TWD
HIGH
212,000
TWD

A person working as an Insurance Appraiser in Taiwan typically earns around 140,000 TWD per month. Salaries range from 75,700 TWD (lowest) to 212,000 TWD (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 Taiwan

Median and salary distribution monthly Taiwan Insurance Appraiser
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The median, the maximum, the minimum, and the range

  • Salary Range

    Insurance Appraiser salaries in Taiwan range from 75,700 TWD per month (minimum salary) to 212,000 TWD per month (maximum salary).

  • Median Salary

    The median salary is 129,000 TWD per month, which means that half (50%) of people working as Insurance Appraiser(s) are earning less than 129,000 TWD while the other half are earning more than 129,000 TWD. 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 92,100 TWD while 75% of them are earning more than 92,100 TWD. Also from the diagram, 75% of Insurance Appraiser(s) are earning less than 157,000 TWD while 25% are earning more than 157,000 TWD.


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?

Salary comparison by years of experience monthly Taiwan 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 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 87,900 TWD per month.

While someone with an experience level between two and five years is expected to earn 111,000 TWD per month, 26% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 146,000 TWD per month, 32% more than someone with two to five 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.

Additionally, Insurance Appraiser(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 172,000 TWD per month, 18% 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 191,000 TWD per month, 11% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 203,000 TWD per month, 6% more than people with fifteen to twenty years of experience.


Insurance Appraiser average salary change by experience in Taiwan

0 - 2 Years
87,900 TWD
2 - 5 Years+26%
111,000 TWD
5 - 10 Years+32%
146,000 TWD
10 - 15 Years+18%
172,000 TWD
15 - 20 Years+11%
191,000 TWD
20+ Years+6%
203,000 TWD
Percentage increase and decrease are relative to the previous value

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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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.

Salary comparison by education level monthly Taiwan 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 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 122,000 TWD per month.

While someone with a Bachelor's Degree gets a salary of 182,000 TWD per month, 49% more than someone having a Certificate or Diploma degree.


Insurance Appraiser average salary difference by education level in Taiwan

Certificate or Diploma
122,000 TWD
Bachelor's Degree+49%
182,000 TWD
Percentage increase and decrease are relative to the previous value

Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
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Insurance Appraiser Salary Comparison By Gender

Salary comparison by gender monthly Taiwan Insurance Appraiser
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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? Male Insurance Appraiser employees in Taiwan earn 9% more than their female counterparts on average.

Male
145,000 TWD
Female-8%
133,000 TWD
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Taiwan for all Careers

Salary comparison by gender monthly Taiwan
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Insurance Appraiser Average Annual Salary Increment Percentage in Taiwan

How much are annual salary increments in Taiwan for Insurance Appraiser(s)? How often do employees get salary raises?

Insurance Appraiser

Insurance Appraiser(s) in Taiwan are likely to observe a salary increase of approximately 8% every 29 months. The national average annual increment for all professions combined is 5% granted to employees every 28 months.

Annual Salary Increment Rate Taiwan 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.

Taiwan / 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

The average salary increase in one year (12 months) in Taiwan is 2%.

Annual Increment Rate By Industry 2019

Banking
5%
Energy
1%
Information Technology
6%
Healthcare
2%
Travel
7%
Construction
3%
Education
8%

Listed above are the average annual increase rates for each industry in Taiwan 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.


Worldwide Salary Raises: All Countries and All Jobs

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Insurance Appraiser Bonus and Incentive Rates in Taiwan

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Taiwan Insurance Appraiser
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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.

92% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 8% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 1% to 2% of their annual salary.

Received Bonus
8%
No Bonus
92%

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.

Insurance Appraiser Average Hourly Wage in Taiwan


810 TWD per hour

The average hourly wage (pay per hour) in Taiwan is 810 TWD. This means that the average Insurance Appraiser in Taiwan earns approximately 810 TWD for every worked hour.


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

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

Salary Comparison Between Insurance Appraiser and Insurance monthly Taiwan
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The average salary for Insurance Appraiser is 8% more than that of Insurance. Also, Insurance salaries are 0% more than those of All Jobs.

Salary comparison with similar jobs

Job TitleAverage Salary
Actuarial Analyst177,000 TWD+26%
Actuarial Assistant126,000 TWD-10%
Actuary182,000 TWD+30%
Adjustment Insurance Clerk48,500 TWD-65%
Assistant Broker84,200 TWD-40%
Assistant Claims Manager151,000 TWD+8%
Associate Insurance Representative69,900 TWD-50%
Auditing Insurance Manager196,000 TWD+40%
Broker131,000 TWD-7%
Claim Advocacy Professional141,000 TWD+1%
Claims Adjuster49,700 TWD-65%
Claims Analyst70,400 TWD-50%
Claims Examiner71,300 TWD-49%
Claims Manager196,000 TWD+40%
Claims Processor52,100 TWD-63%
Claims Representative59,400 TWD-58%
Claims Resolution Specialist138,000 TWD-2%
Claims Supervisor127,000 TWD-9%
Complaints Specialist128,000 TWD-9%
Compliance Officer109,000 TWD-22%
Consultant130,000 TWD-7%
Eligibility Specialist130,000 TWD-7%
Insurance Account Manager163,000 TWD+16%
Insurance Accounts Executive144,000 TWD+3%
Insurance Agent80,800 TWD-42%
Insurance Analyst129,000 TWD-8%
Insurance Appraiser140,000 TWD-0%
Insurance Claims Clerk47,500 TWD-66%
Insurance Examiner119,000 TWD-15%
Insurance Investigator123,000 TWD-12%
Insurance Manager228,000 TWD+63%
Insurance Operations Manager221,000 TWD+58%
Insurance Policy Processing Clerk49,300 TWD-65%
Insurance Pricing Assistant109,000 TWD-22%
Insurance Program Manager170,000 TWD+21%
Insurance Project Manager166,000 TWD+18%
Insurance Quality Assurance Agent119,000 TWD-15%
Insurance Sales Agent79,800 TWD-43%
Insurance Sales Director219,000 TWD+56%
Insurance Team Leader143,000 TWD+2%
Insurance Underwriter104,000 TWD-26%
Loss Control Specialist133,000 TWD-5%
Loss Prevention Investigator145,000 TWD+3%
Loss Prevention Manager186,000 TWD+33%
Loss Prevention Specialist138,000 TWD-2%
Marine Underwriter95,400 TWD-32%
Medical Auditor135,000 TWD-4%
Monitoring and Performance Officer90,300 TWD-36%
Payment Services Specialist140,000 TWD-0%
Policy Change Director208,000 TWD+48%
Policy Change Supervisor145,000 TWD+3%
Policy Change Technician65,900 TWD-53%
Risk Analyst156,000 TWD+11%
Risk Management Director247,000 TWD+76%
Risk Management Supervisor162,000 TWD+16%
Risk Manager244,000 TWD+74%
Risk Modeling Manager247,000 TWD+76%
Title Insurance Typist112,000 TWD-20%
Training Manager147,000 TWD+5%

Salary Comparison By City

CityAverage Salary
Kaohsiung143,000 TWD
Taichung140,000 TWD
Tainan118,000 TWD
Taipei134,000 TWD

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 Taiwan earn 7% more than their private sector counterparts on average across all sectors.

Private Sector
124,000 TWD
Public Sector+7%
133,000 TWD
Percentage increase and decrease are relative to the previous value

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