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Insurance Appraiser Average Salary in Zimbabwe 2020

How much money does an Insurance Appraiser make in Zimbabwe?

Average Monthly Salary
210,000 ZWD
( 2,520,000 ZWD yearly)


A person working as an Insurance Appraiser in Zimbabwe typically earns around 210,000 ZWD per month. Salaries range from 96,500 ZWD (lowest) to 334,000 ZWD (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 Zimbabwe

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

  • Salary Range

    Insurance Appraiser salaries in Zimbabwe range from 96,500 ZWD per month (minimum salary) to 334,000 ZWD per month (maximum salary).

  • Median Salary

    The median salary is 227,000 ZWD per month, which means that half (50%) of people working as Insurance Appraiser(s) are earning less than 227,000 ZWD while the other half are earning more than 227,000 ZWD. 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 145,000 ZWD while 75% of them are earning more than 145,000 ZWD. Also from the diagram, 75% of Insurance Appraiser(s) are earning less than 303,000 ZWD while 25% are earning more than 303,000 ZWD.

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 Zimbabwe 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 110,000 ZWD per month.

While someone with an experience level between two and five years is expected to earn 146,000 ZWD per month, 34% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 216,000 ZWD per month, 48% 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 264,000 ZWD per month, 22% 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 287,000 ZWD per month, 9% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 311,000 ZWD per month, 8% more than people with fifteen to twenty years of experience.

Insurance Appraiser average salary change by experience in Zimbabwe

0 - 2 Years
110,000 ZWD
2 - 5 Years+34%
146,000 ZWD
5 - 10 Years+48%
216,000 ZWD
10 - 15 Years+22%
264,000 ZWD
15 - 20 Years+9%
287,000 ZWD
20+ Years+8%
311,000 ZWD
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 Zimbabwe 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 127,000 ZWD per month.

While someone with a Bachelor's Degree gets a salary of 246,000 ZWD per month, 93% more than someone having a Certificate or Diploma degree.

Insurance Appraiser average salary difference by education level in Zimbabwe

Certificate or Diploma
127,000 ZWD
Bachelor's Degree+93%
246,000 ZWD
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 Zimbabwe 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 Zimbabwe earn 13% more than their female counterparts on average.

222,000 ZWD
197,000 ZWD
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Zimbabwe for all Careers

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

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

Insurance Appraiser

Insurance Appraiser(s) in Zimbabwe 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 Zimbabwe 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.

Zimbabwe / 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 Zimbabwe is 2%.

Annual Increment Rate By Industry 2019

Information Technology

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

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

84% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 16% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 0% to 4% of their annual salary.

Received Bonus
No Bonus

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.

A graphics designer working for a graphics designing company.

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 Zimbabwe

1,210 ZWD per hour

The average hourly wage (pay per hour) in Zimbabwe is 1,210 ZWD. This means that the average Insurance Appraiser in Zimbabwe earns approximately 1,210 ZWD 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 Zimbabwe
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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 Analyst284,000 ZWD+35%
Actuarial Assistant209,000 ZWD-0%
Actuary297,000 ZWD+42%
Adjustment Insurance Clerk83,600 ZWD-60%
Assistant Broker143,000 ZWD-32%
Assistant Claims Manager244,000 ZWD+16%
Associate Insurance Representative116,000 ZWD-45%
Auditing Insurance Manager316,000 ZWD+51%
Broker215,000 ZWD+2%
Claim Advocacy Professional211,000 ZWD+1%
Claims Adjuster82,500 ZWD-61%
Claims Analyst109,000 ZWD-48%
Claims Examiner114,000 ZWD-46%
Claims Manager322,000 ZWD+53%
Claims Processor80,200 ZWD-62%
Claims Representative98,400 ZWD-53%
Claims Resolution Specialist237,000 ZWD+13%
Claims Supervisor223,000 ZWD+6%
Complaints Specialist191,000 ZWD-9%
Compliance Officer178,000 ZWD-15%
Consultant219,000 ZWD+4%
Eligibility Specialist214,000 ZWD+2%
Insurance Account Manager262,000 ZWD+25%
Insurance Accounts Executive227,000 ZWD+8%
Insurance Agent125,000 ZWD-40%
Insurance Analyst217,000 ZWD+3%
Insurance Appraiser210,000 ZWD+0%
Insurance Claims Clerk81,200 ZWD-61%
Insurance Examiner209,000 ZWD-0%
Insurance Investigator203,000 ZWD-3%
Insurance Manager370,000 ZWD+76%
Insurance Operations Manager380,000 ZWD+81%
Insurance Policy Processing Clerk83,600 ZWD-60%
Insurance Pricing Assistant170,000 ZWD-19%
Insurance Program Manager300,000 ZWD+43%
Insurance Project Manager279,000 ZWD+33%
Insurance Quality Assurance Agent197,000 ZWD-6%
Insurance Sales Agent126,000 ZWD-40%
Insurance Sales Director363,000 ZWD+73%
Insurance Team Leader226,000 ZWD+8%
Insurance Underwriter156,000 ZWD-26%
Loss Control Specialist204,000 ZWD-3%
Loss Prevention Investigator229,000 ZWD+9%
Loss Prevention Manager302,000 ZWD+44%
Loss Prevention Specialist231,000 ZWD+10%
Marine Underwriter167,000 ZWD-20%
Medical Auditor219,000 ZWD+4%
Monitoring and Performance Officer158,000 ZWD-25%
Payment Services Specialist221,000 ZWD+5%
Policy Change Director327,000 ZWD+56%
Policy Change Supervisor236,000 ZWD+12%
Policy Change Technician110,000 ZWD-48%
Risk Analyst251,000 ZWD+20%
Risk Management Director412,000 ZWD+96%
Risk Management Supervisor278,000 ZWD+32%
Risk Manager390,000 ZWD+86%
Risk Modeling Manager408,000 ZWD+94%
Title Insurance Typist179,000 ZWD-15%
Training Manager249,000 ZWD+19%

Salary Comparison By City

CityAverage Salary
Bulawayo241,000 ZWD
Harare240,000 ZWD

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 Zimbabwe earn 25% more than their private sector counterparts on average across all sectors.

Private Sector
193,000 ZWD
Public Sector+25%
241,000 ZWD
Percentage increase and decrease are relative to the previous value

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