How much money does a person working in Insurance make in Jeddah?
17,410 SAR per month
Average Monthly Salary
A person working in Insurance in Jeddah typically earns around 17,410 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
|Actuarial Analyst||20,029 SAR|
|Actuarial Assistant||16,526 SAR|
|Adjustment Insurance Clerk||11,719 SAR|
|Assistant Broker||15,394 SAR|
|Assistant Claims Manager||18,059 SAR|
|Associate Insurance Representative||12,915 SAR|
|Auditing Insurance Manager||24,780 SAR|
|Claim Advocacy Professional||17,248 SAR|
|Claims Adjuster||12,178 SAR|
|Claims Analyst||12,622 SAR|
|Claims Examiner||13,510 SAR|
|Claims Manager||19,906 SAR|
|Claims Processor||12,881 SAR|
|Claims Representative||12,506 SAR|
|Claims Resolution Specialist||19,479 SAR|
|Claims Supervisor||16,624 SAR|
|Complaints Specialist||16,013 SAR|
|Compliance Officer||14,149 SAR|
|Eligibility Specialist||17,718 SAR|
|Insurance Account Manager||18,965 SAR|
|Insurance Accounts Executive||17,984 SAR|
|Insurance Agent||14,686 SAR|
|Insurance Analyst||16,448 SAR|
|Insurance Appraiser||18,258 SAR|
|Insurance Claims Clerk||12,248 SAR|
|Insurance Examiner||15,123 SAR|
|Insurance Investigator||16,362 SAR|
|Insurance Manager||22,456 SAR|
|Insurance Operations Manager||22,707 SAR|
|Insurance Policy Processing Clerk||11,876 SAR|
|Insurance Pricing Assistant||14,845 SAR|
|Insurance Program Manager||20,271 SAR|
|Insurance Project Manager||20,303 SAR|
|Insurance Quality Assurance Agent||15,136 SAR|
|Insurance Sales Agent||13,591 SAR|
|Insurance Sales Director||21,312 SAR|
|Insurance Team Leader||18,045 SAR|
|Insurance Underwriter||14,266 SAR|
|Loss Control Specialist||17,565 SAR|
|Loss Prevention Investigator||18,032 SAR|
|Loss Prevention Manager||19,597 SAR|
|Loss Prevention Specialist||18,499 SAR|
|Marine Underwriter||16,207 SAR|
|Medical Auditor||17,351 SAR|
|Monitoring and Performance Officer||14,756 SAR|
|Payment Services Specialist||17,388 SAR|
|Policy Change Director||22,138 SAR|
|Policy Change Supervisor||18,152 SAR|
|Policy Change Technician||14,275 SAR|
|Risk Analyst||19,362 SAR|
|Risk Management Director||24,303 SAR|
|Risk Management Supervisor||20,061 SAR|
|Risk Manager||22,673 SAR|
|Risk Modeling Manager||23,637 SAR|
|Title Insurance Typist||14,486 SAR|
|Training Manager||19,029 SAR|
Insurance Jobs Salary Distribution in Jeddah
Abount These Figures: Salary Range, Median and Percentiles
The Insurance salaries in Jeddah range between 11,615 SAR per month (minimum salary) to 25,811 SAR per month (maximum salary).
The median salary is 18,106 SAR per month, which means that half (50%) of people working in Insurance are earning less than 18,106 SAR while the other half are earning more than 18,106 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 13,374 SAR while 75% of them are earning more than 13,374 SAR. Also from the diagram, 75% of people working in Insurance are earning less than 23,715 SAR while 25% are earning more than 23,715 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 Jeddah
How do Insurance salaries change over time? Listed below is a chart that shows the average salary in recent years.
|Average Salary 2016|| = |
|Average Salary 2017|| +4% |
|Average Salary 2018|| +4% |
|Average Salary 2019|| +4% |
Percentage increase and decrease are relative to the previous value
Insurance salaries in Jeddah are rising in the year 2019 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2019 are 4% 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 Jeddah
100 SAR per hour
Average Hourly Wage
The average hourly wage (pay per hour) in Jeddah for Insurance is 100 SAR. This means that the average person in Jeddah earns approximatly 100 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
We compared Jeddah salaries for Insurance and All Jobs and we found that Insurance salaries are 0% less than those of All Jobs.
Jeddah VS Saudi Arabia
We compared Insurance salaries in Jeddah and Saudi Arabia and we found that Jeddah salaries are 4% more than those of Saudi Arabia.
Salary Comparison By City
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