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Insurance Appraiser Average Salary in Yemen 2020

How much money does an Insurance Appraiser make in Yemen?


Average Monthly Salary
32,400 YER
( 388,000 YER yearly)

LOW
16,200
YER
AVERAGE
32,400
YER
HIGH
50,200
YER

A person working as an Insurance Appraiser in Yemen typically earns around 32,400 YER per month. Salaries range from 16,200 YER (lowest) to 50,200 YER (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 Yemen

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

  • Salary Range

    Insurance Appraiser salaries in Yemen range from 16,200 YER per month (minimum salary) to 50,200 YER per month (maximum salary).

  • Median Salary

    The median salary is 32,400 YER per month, which means that half (50%) of people working as Insurance Appraiser(s) are earning less than 32,400 YER while the other half are earning more than 32,400 YER. 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 21,800 YER while 75% of them are earning more than 21,800 YER. Also from the diagram, 75% of Insurance Appraiser(s) are earning less than 41,300 YER while 25% are earning more than 41,300 YER.


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 Yemen 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 19,400 YER per month.

While someone with an experience level between two and five years is expected to earn 25,700 YER per month, 32% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 34,400 YER per month, 34% 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 41,000 YER per month, 19% 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 44,200 YER per month, 8% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 47,400 YER per month, 7% more than people with fifteen to twenty years of experience.


Insurance Appraiser average salary change by experience in Yemen

0 - 2 Years
19,400 YER
2 - 5 Years+32%
25,700 YER
5 - 10 Years+34%
34,400 YER
10 - 15 Years+19%
41,000 YER
15 - 20 Years+8%
44,200 YER
20+ Years+7%
47,400 YER
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 Yemen 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 28,800 YER per month.

While someone with a Bachelor's Degree gets a salary of 44,700 YER per month, 56% more than someone having a Certificate or Diploma degree.


Insurance Appraiser average salary difference by education level in Yemen

Certificate or Diploma
28,800 YER
Bachelor's Degree+56%
44,700 YER
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 Yemen 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 Yemen earn 7% more than their female counterparts on average.

Male
33,300 YER
Female-7%
31,100 YER
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Yemen for all Careers

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

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

Insurance Appraiser

Insurance Appraiser(s) in Yemen are likely to observe a salary increase of approximately 7% every 29 months. The national average annual increment for all professions combined is 4% granted to employees every 29 months.

Annual Salary Increment Rate Yemen 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.

Yemen / 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 Yemen is 2%.

Annual Increment Rate By Industry 2019

Banking
7%
Energy
5%
Information Technology
3%
Healthcare
1%
Travel
8%
Construction
6%
Education
4%

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

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Yemen 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.

88% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 12% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 0% to 3% of their annual salary.

Received Bonus
12%
No Bonus
88%

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 Yemen


190 YER per hour

The average hourly wage (pay per hour) in Yemen is 190 YER. This means that the average Insurance Appraiser in Yemen earns approximately 190 YER 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 Yemen
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The average salary for Insurance Appraiser is 3% less than that of Insurance. Also, Insurance salaries are 0% more than those of All Jobs.

Salary comparison with similar jobs

Job TitleAverage Salary
Actuarial Analyst42,800 YER+32%
Actuarial Assistant31,400 YER-3%
Actuary45,200 YER+40%
Adjustment Insurance Clerk12,600 YER-61%
Assistant Broker22,200 YER-31%
Assistant Claims Manager36,500 YER+13%
Associate Insurance Representative17,700 YER-45%
Auditing Insurance Manager47,600 YER+47%
Broker32,400 YER+0%
Claim Advocacy Professional33,100 YER+2%
Claims Adjuster12,400 YER-62%
Claims Analyst18,100 YER-44%
Claims Examiner17,000 YER-47%
Claims Manager48,200 YER+49%
Claims Processor12,000 YER-63%
Claims Representative14,600 YER-55%
Claims Resolution Specialist37,000 YER+14%
Claims Supervisor33,200 YER+3%
Complaints Specialist32,000 YER-1%
Compliance Officer26,600 YER-18%
Consultant31,900 YER-1%
Eligibility Specialist35,000 YER+8%
Insurance Account Manager40,100 YER+24%
Insurance Accounts Executive37,800 YER+17%
Insurance Agent19,100 YER-41%
Insurance Analyst32,200 YER-1%
Insurance Appraiser32,400 YER+0%
Insurance Claims Clerk12,500 YER-61%
Insurance Examiner32,100 YER-1%
Insurance Investigator31,100 YER-4%
Insurance Manager57,000 YER+76%
Insurance Operations Manager55,500 YER+71%
Insurance Policy Processing Clerk12,800 YER-60%
Insurance Pricing Assistant27,600 YER-15%
Insurance Program Manager42,400 YER+31%
Insurance Project Manager40,700 YER+26%
Insurance Quality Assurance Agent29,400 YER-9%
Insurance Sales Agent19,300 YER-40%
Insurance Sales Director54,600 YER+69%
Insurance Team Leader35,700 YER+10%
Insurance Underwriter24,500 YER-24%
Loss Control Specialist31,500 YER-3%
Loss Prevention Investigator35,300 YER+9%
Loss Prevention Manager46,600 YER+44%
Loss Prevention Specialist35,500 YER+10%
Marine Underwriter24,900 YER-23%
Medical Auditor33,600 YER+4%
Monitoring and Performance Officer23,200 YER-28%
Payment Services Specialist34,100 YER+5%
Policy Change Director53,600 YER+66%
Policy Change Supervisor34,800 YER+8%
Policy Change Technician16,300 YER-50%
Risk Analyst36,900 YER+14%
Risk Management Director66,600 YER+110%
Risk Management Supervisor40,600 YER+25%
Risk Manager62,900 YER+94%
Risk Modeling Manager65,500 YER+100%
Title Insurance Typist29,000 YER-10%
Training Manager38,800 YER+20%

Salary Comparison By City

CityAverage Salary
Aden36,100 YER
Sanaa34,200 YER
Taizz29,900 YER

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 Yemen earn 10% more than their private sector counterparts on average across all sectors.

Private Sector
32,300 YER
Public Sector+10%
35,600 YER
Percentage increase and decrease are relative to the previous value

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