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Insurance Average Salaries in United Arab Emirates 2024

How much money does a person working in Insurance make in United Arab Emirates?


Average Monthly Salary
14,100 AED
( 170,000 AED yearly)

LOW
4,460
AED
AVERAGE
14,100
AED
HIGH
28,900
AED
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 in Insurance in United Arab Emirates typically earns around 14,100 AED. Salaries range from 4,460 AED (lowest average) to 28,900 AED (highest average, actual maximum salary is higher).


Salary Variance

The provided figure represents the median compensation that encompasses housing, transportation, and other perks. The salaries within the Insurance domain in United Arab Emirates exhibit significant discrepancies across various professions. In case you seek information about the remuneration of a specific position, please refer to the salaries listed below for respective job titles.

Salaries for specific jobs

Job TitleAverage Salary
Insurance
Actuarial Analyst20,000 AED
Actuarial Assistant14,000 AED
Actuarial Specialist13,200 AED
Actuary20,700 AED
Adjustment Insurance Clerk4,430 AED
Assistant Broker8,860 AED
Assistant Claims Manager15,600 AED
Associate Insurance Representative6,660 AED
Auditing Insurance Manager22,300 AED
Blockchain Insurance Auditor13,400 AED
Broker15,000 AED
Claim Advocacy Professional14,800 AED
Claims Adjuster4,680 AED
Claims Analyst6,610 AED
Claims Examiner6,800 AED
Claims Manager21,300 AED
Claims Processor4,720 AED
Claims Representative5,700 AED
Claims Resolution Specialist16,400 AED
Claims Supervisor13,900 AED
Complaints Specialist13,800 AED
Compliance Examiner13,400 AED
Compliance Officer11,500 AED
Compliance Reviewer13,600 AED
Consultant14,200 AED
Drone Claims Adjuster5,710 AED
Eligibility Interviewer16,100 AED
Eligibility Specialist14,500 AED
Insurance Account Manager18,800 AED
Insurance Accounts Executive15,500 AED
Insurance Adjuster13,900 AED
Insurance Agent8,020 AED
Insurance Analyst14,500 AED
Insurance Appraiser14,300 AED
Insurance Claims Clerk4,570 AED
Insurance Compliance Officer16,000 AED
Insurance Data Scientist13,100 AED
Insurance Examiner13,700 AED
Insurance Fraud Investigator12,100 AED
Insurance Investigator13,100 AED
Insurance Manager25,800 AED
Insurance Operations Manager26,000 AED
Insurance Policy Processing Clerk4,480 AED
Insurance Pricing Assistant11,500 AED
Insurance Product Manager18,100 AED
Insurance Program Manager18,800 AED
Insurance Project Manager18,400 AED
Insurance Quality Assurance Agent12,500 AED
Insurance Sales Agent8,200 AED
Insurance Sales Director25,400 AED
Insurance Sales Manager19,100 AED
Insurance Sales Representative7,190 AED
Insurance Team Leader15,100 AED
Insurance Underwriter10,600 AED
Insurtech Analyst12,900 AED
Loss Control Specialist14,000 AED
Loss Prevention Investigator15,600 AED
Loss Prevention Manager20,800 AED
Loss Prevention Specialist15,300 AED
Marine Underwriter10,100 AED
Medical Auditor14,700 AED
Monitoring and Performance Officer10,200 AED
Parametric Insurance Specialist13,900 AED
Payment Services Specialist15,000 AED
Peer-to-Peer Insurance Manager18,600 AED
Policy Change Director24,500 AED
Policy Change Supervisor15,300 AED
Policy Change Technician6,320 AED
Risk Analyst17,300 AED
Risk Management Director28,800 AED
Risk Management Supervisor18,600 AED
Risk Manager29,200 AED
Risk Modeling Manager27,100 AED
Social Media Risk Analyst14,600 AED
Title Insurance Typist12,700 AED
Training Manager16,500 AED
Underwriting Assistant6,440 AED


Insurance Jobs Pay Scale and Salaries in United Arab Emirates

Median and salary distribution United Arab Emirates Insurance monthly
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Salary Structure and Pay Scale Comparison

5% of people earn
13,700 AED or more
10% of people earn
11,300 to 13,700 AED
20% of people earn
6,160 AED or less
65% of people earn
6,160 to 11,300 AED
Minimum Salary
4,460 AED
Median
12,200 AED
Maximum
28,900 AED




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 in Insurance in United Arab Emirates range from 4,460 AED (starting average salary) to 28,900 AED (maximum average salary, actual maximum is higher). To clarify, the number presented is not the legally mandated minimum wage. Rather, it represents the lowest figure reported in a salary survey that involved thousands of participants and professionals from across the entire country.

  • Median Salary

    The median income in the field of Insurance is 12,200 AED, implying that half of the workforce in United Arab Emirates earns less than this figure, and the other half earns more. It represents the central value of salaries. As a rule of thumb, you would prefer to be part of the group earning above the median wage, situated on the right-hand side of the salary distribution chart.

  • Percentiles and Salary Scale

    Two values that are highly correlated with the median are the 25th and 75th percentiles. By examining the salary distribution diagram, it is possible to determine that 25% of individuals employed in Insurance in United Arab Emirates earn less than 9,110 AED, while 75% of them earn more. Additionally, the diagram reveals that 75% of individuals earn less than 15,000 AED, while 25% earn more than that.

  • Pay Scale Structure

    Data was regrouped into brackets to provide a better understanding of what salaries can be expected. This approach was deemed more accurate than relying solely on the average salary, as it offers greater insights into the distribution of salaries in the field of Insurance in United Arab Emirates. The analysis revealed that roughly 65% of all reported salaries fell within the range of 6,160 AED to 11,300 AED. Approximately 20% of salaries were below the 6,160 AED mark, while 10% ranged from 11,300 AED to 13,700 AED. Only 5% of individuals earned a gross salary of 13,700 AED or higher.

Salary Comparison by Years of Experience

How does a person's salary progress over time?

Salary Comparison By Experience Level
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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.

Generally speaking, employees in Insurance in United Arab Emirates having experience from two to five years earn on average 32% more than freshers and juniors across all industries and disciplines.

Professionals with experience of more than five years tend to earn on average 36% more than those with five years or less of work experience.

As you hit the ten years mark, the salary increases by 21% and an additional 14% for those who have crossed the 15 years mark.

Those figures are presented as guidelines only. The numbers become more significant if you consider one job title at a time.


Change in salary based on experience varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of many different jobs. To view accurate figures, choose a specific job title.
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.


Salary Comparison By Education

How does the education level affect your salary?

Salary Comparison By Education
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Change in salary based on education varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of multiple jobs. To view accurate figures, choose a specific job title.

It is well known that higher education equals a bigger salary, but how much more money can a degree add to your income?

We compared the salaries of professionals at the same level but with different college degree levels across many jobs in Insurance in United Arab Emirates, below are our findings.

Workers with a certificate or diploma earn on average 17% more than their peers who only reached the high school level.

Employees who earned a Bachelor's Degree earn 24% more than those who only managed to attain a certificate or diploma.

Professionals who attained a Master's Degree are awarded salaries that are 29% more than those with a Bachelor's Degree.

Finally, PhD holders earn 23% more than Master's Degree holders on average while doing the same job.


Is a Master's degree or an MBA worth it? Should you pursue higher education?

A Master's degree program or any post-graduate program in United Arab Emirates costs anywhere from 71,700 AED to 215,000 AED and lasts approximately two years. That is quite an investment.

Employees can't expect any salary increases during the study period, assuming they already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.

Many people pursue higher education as a tactic to switch to a higher-paying job. The numbers seem to support this tactic. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

The decision really depends on the situation and experience among many other factors. Putting all variables aside, if a person can afford the costs of higher education then the return on investment is definitely worth it. Degree costs can be recovered roughly in a year or so.



Salary and Compensation Comparison By Gender / Insurance / United Arab Emirates

Salary comparison by gender United Arab Emirates Insurance 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? In the field of Insurance in United Arab Emirates, the average difference between the salary of male and female employees is 6%.

Male
14,500 AED
Female-5%
13,700 AED
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in United Arab Emirates for all Careers

Salary comparison by gender monthly United Arab Emirates
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Average Annual Salary Increment Percentage / Insurance / United Arab Emirates

How much are annual salary increments in United Arab Emirates for individuals working in Insurance? How often do employees get salary raises?

Professionals working in Insurance in United Arab Emirates are likely to observe a salary increase of approximately 9% every 16 months. The national average annual increment for all professions combined is 8% granted to employees every 17 months.

Annual Salary Increment Rate United Arab Emirates Insurance
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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.

United Arab Emirates / All Professions

Annual Salary Increment Rate United Arab Emirates
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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 United Arab Emirates is 6%.

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 / United Arab Emirates

How much and how often are bonuses being awarded?Annual Salary Bonus Rate United Arab Emirates Insurance
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51% of surveyed staff in Insurance reported that they haven't received any bonuses or incentives in the previous year while 49% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 4% to 5% of their annual salary.

Received Bonus
49%
No Bonus
51%

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.

Hourly Average Wage / Insurance / United Arab Emirates


82 AED per hour

The average hourly wage (pay per hour) in Insurance in United Arab Emirates is 82 AED.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 in Insurance in United Arab Emirates is 26 AED. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

Salary Comparison By City

CityAverage Salary
Abu Dhabi15,100 AED
Ajman13,900 AED
Al Ain14,300 AED
Dubai15,500 AED
Fujairah13,000 AED
Ras Al Khaimah13,500 AED
Sharjah14,700 AED
Um Al Quiwain12,600 AED

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 United Arab Emirates is 6% on average across all career fields.

Private Sector
13,800 AED
Public Sector+6%
14,700 AED
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 in Insurance in United Arab Emirates?

A good and competitive compensation would range anywhere between 12,200 AED and 15,000 AED. 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 jobs in Insurance in United Arab Emirates ranges from 4,460 AED to 9,110 AED. 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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