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Insurance Average Salaries in Stockholm 2024

How much money does a person working in Insurance make in Stockholm?


Average Monthly Salary
48,800 SEK
( 585,000 SEK yearly)

LOW
18,300
SEK
AVERAGE
48,800
SEK
HIGH
95,200
SEK
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 Stockholm typically earns around 48,800 SEK. Salaries range from 18,300 SEK (lowest average) to 95,200 SEK (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 Stockholm 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 Analyst70,100 SEK
Actuarial Assistant49,300 SEK
Actuarial Specialist50,100 SEK
Actuary69,600 SEK
Adjustment Insurance Clerk19,400 SEK
Assistant Broker34,200 SEK
Assistant Claims Manager53,900 SEK
Associate Insurance Representative25,700 SEK
Auditing Insurance Manager77,800 SEK
Blockchain Insurance Auditor47,200 SEK
Broker49,900 SEK
Claim Advocacy Professional54,100 SEK
Claims Adjuster19,500 SEK
Claims Analyst27,300 SEK
Claims Examiner27,300 SEK
Claims Manager74,200 SEK
Claims Processor19,600 SEK
Claims Representative22,400 SEK
Claims Resolution Specialist58,200 SEK
Claims Supervisor52,200 SEK
Complaints Specialist45,400 SEK
Compliance Examiner47,600 SEK
Compliance Officer40,200 SEK
Compliance Reviewer47,100 SEK
Consultant50,200 SEK
Drone Claims Adjuster23,000 SEK
Eligibility Interviewer53,200 SEK
Eligibility Specialist52,900 SEK
Insurance Account Manager60,500 SEK
Insurance Accounts Executive53,700 SEK
Insurance Adjuster47,100 SEK
Insurance Agent29,400 SEK
Insurance Analyst51,700 SEK
Insurance Appraiser51,900 SEK
Insurance Claims Clerk19,300 SEK
Insurance Compliance Officer60,200 SEK
Insurance Data Scientist49,100 SEK
Insurance Examiner47,500 SEK
Insurance Fraud Investigator44,400 SEK
Insurance Investigator48,900 SEK
Insurance Manager87,800 SEK
Insurance Operations Manager90,900 SEK
Insurance Policy Processing Clerk19,300 SEK
Insurance Pricing Assistant41,700 SEK
Insurance Product Manager62,700 SEK
Insurance Program Manager70,700 SEK
Insurance Project Manager63,900 SEK
Insurance Quality Assurance Agent45,300 SEK
Insurance Sales Agent30,900 SEK
Insurance Sales Director85,700 SEK
Insurance Sales Manager69,300 SEK
Insurance Sales Representative27,100 SEK
Insurance Team Leader53,900 SEK
Insurance Underwriter40,100 SEK
Insurtech Analyst49,300 SEK
Loss Control Specialist52,500 SEK
Loss Prevention Investigator56,500 SEK
Loss Prevention Manager71,700 SEK
Loss Prevention Specialist52,500 SEK
Marine Underwriter39,200 SEK
Medical Auditor51,800 SEK
Monitoring and Performance Officer35,700 SEK
Parametric Insurance Specialist50,400 SEK
Payment Services Specialist54,500 SEK
Peer-to-Peer Insurance Manager61,300 SEK
Policy Change Director82,500 SEK
Policy Change Supervisor57,000 SEK
Policy Change Technician25,600 SEK
Risk Analyst59,100 SEK
Risk Management Director103,000 SEK
Risk Management Supervisor66,400 SEK
Risk Manager98,800 SEK
Risk Modeling Manager98,900 SEK
Social Media Risk Analyst55,400 SEK
Title Insurance Typist45,500 SEK
Training Manager59,700 SEK
Underwriting Assistant26,600 SEK


Insurance Jobs Pay Scale and Salaries in Stockholm

Median and salary distribution Stockholm Insurance monthly
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Salary Structure and Pay Scale Comparison

5% of people earn
48,100 SEK or more
10% of people earn
40,500 to 48,100 SEK
20% of people earn
24,000 SEK or less
65% of people earn
24,000 to 40,500 SEK
Minimum Salary
18,300 SEK
Median
43,300 SEK
Maximum
95,200 SEK




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 Stockholm range from 18,300 SEK (starting average salary) to 95,200 SEK (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 43,300 SEK, implying that half of the workforce in Stockholm 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 Stockholm earn less than 33,500 SEK, while 75% of them earn more. Additionally, the diagram reveals that 75% of individuals earn less than 52,300 SEK, 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 Stockholm. The analysis revealed that roughly 65% of all reported salaries fell within the range of 24,000 SEK to 40,500 SEK. Approximately 20% of salaries were below the 24,000 SEK mark, while 10% ranged from 40,500 SEK to 48,100 SEK. Only 5% of individuals earned a gross salary of 48,100 SEK 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 Stockholm 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 Stockholm, 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 Sweden costs anywhere from 226,000 SEK to 679,000 SEK 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 / Stockholm

Salary comparison by gender Sweden 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 Sweden, the average difference between the salary of male and female employees is 4%.

Male
45,600 SEK
Female-4%
43,700 SEK
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Sweden for all Careers

Salary comparison by gender monthly Sweden
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Average Annual Salary Increment Percentage / Insurance / Stockholm

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

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

Annual Salary Increment Rate Sweden 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.

Sweden / All Professions

Annual Salary Increment Rate Sweden
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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 Sweden 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 / Sweden

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Sweden Insurance
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100% of surveyed staff in Insurance reported that they haven't received any bonuses or incentives in the previous year while % said that they received at least one form of monetary bonus.

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

Received Bonus
%
No Bonus
100%

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 / Stockholm


280 SEK per hour

The average hourly wage (pay per hour) in Insurance in Stockholm is 280 SEK.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 Stockholm is 110 SEK. 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
Goteborg44,800 SEK
Malmo40,400 SEK
Stockholm48,800 SEK

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 Sweden is 5% on average across all career fields.

Private Sector
44,200 SEK
Public Sector+5%
46,300 SEK
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 Stockholm?

A good and competitive compensation would range anywhere between 43,300 SEK and 52,300 SEK. 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 Stockholm ranges from 18,300 SEK to 33,500 SEK. 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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