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Insurance Appraiser Average Salary in Botswana 2020

How much money does an Insurance Appraiser make in Botswana?

Average Monthly Salary
12,300 BWP
( 148,000 BWP yearly)


A person working as an Insurance Appraiser in Botswana typically earns around 12,300 BWP per month. Salaries range from 6,530 BWP (lowest) to 18,700 BWP (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 Botswana

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

  • Salary Range

    Insurance Appraiser salaries in Botswana range from 6,530 BWP per month (minimum salary) to 18,700 BWP per month (maximum salary).

  • Median Salary

    The median salary is 11,600 BWP per month, which means that half (50%) of people working as Insurance Appraiser(s) are earning less than 11,600 BWP while the other half are earning more than 11,600 BWP. 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 8,150 BWP while 75% of them are earning more than 8,150 BWP. Also from the diagram, 75% of Insurance Appraiser(s) are earning less than 14,300 BWP while 25% are earning more than 14,300 BWP.

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 Botswana 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 7,510 BWP per month.

While someone with an experience level between two and five years is expected to earn 9,220 BWP per month, 23% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 13,100 BWP per month, 42% 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 15,300 BWP per month, 17% 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 16,800 BWP per month, 10% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 17,800 BWP per month, 6% more than people with fifteen to twenty years of experience.

Insurance Appraiser average salary change by experience in Botswana

0 - 2 Years
7,510 BWP
2 - 5 Years+23%
9,220 BWP
5 - 10 Years+42%
13,100 BWP
10 - 15 Years+17%
15,300 BWP
15 - 20 Years+10%
16,800 BWP
20+ Years+6%
17,800 BWP
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 Botswana 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 9,950 BWP per month.

While someone with a Bachelor's Degree gets a salary of 14,600 BWP per month, 47% more than someone having a Certificate or Diploma degree.

Insurance Appraiser average salary difference by education level in Botswana

Certificate or Diploma
9,950 BWP
Bachelor's Degree+47%
14,600 BWP
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 Botswana 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 Botswana earn 13% more than their female counterparts on average.

12,900 BWP
11,400 BWP
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Botswana for all Careers

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

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

Insurance Appraiser

Insurance Appraiser(s) in Botswana are likely to observe a salary increase of approximately 8% every 29 months. The national average annual increment for all professions combined is 5% granted to employees every 28 months.

Annual Salary Increment Rate Botswana 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.

Botswana / 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 Botswana is 2%.

Annual Increment Rate By Industry 2019

Information Technology

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

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

91% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 9% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 1% to 3% 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 Botswana

71 BWP per hour

The average hourly wage (pay per hour) in Botswana is 71 BWP. This means that the average Insurance Appraiser in Botswana earns approximately 71 BWP 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 Botswana
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The average salary for Insurance Appraiser is 5% more than that of Insurance. Also, Insurance salaries are 0% more than those of All Jobs.

Salary comparison with similar jobs

Job TitleAverage Salary
Actuarial Analyst15,400 BWP+25%
Actuarial Assistant11,200 BWP-9%
Actuary15,900 BWP+29%
Adjustment Insurance Clerk4,600 BWP-63%
Assistant Broker7,670 BWP-38%
Assistant Claims Manager12,900 BWP+5%
Associate Insurance Representative6,020 BWP-51%
Auditing Insurance Manager17,100 BWP+39%
Broker12,400 BWP+1%
Claim Advocacy Professional12,000 BWP-3%
Claims Adjuster4,400 BWP-64%
Claims Analyst6,340 BWP-49%
Claims Examiner6,520 BWP-47%
Claims Manager16,500 BWP+34%
Claims Processor4,460 BWP-64%
Claims Representative5,410 BWP-56%
Claims Resolution Specialist13,300 BWP+8%
Claims Supervisor12,200 BWP-1%
Complaints Specialist11,500 BWP-7%
Compliance Officer9,810 BWP-20%
Consultant12,000 BWP-3%
Eligibility Specialist11,500 BWP-7%
Insurance Account Manager15,200 BWP+23%
Insurance Accounts Executive12,800 BWP+4%
Insurance Agent7,070 BWP-43%
Insurance Analyst11,500 BWP-7%
Insurance Appraiser12,300 BWP-0%
Insurance Claims Clerk4,240 BWP-66%
Insurance Examiner10,800 BWP-12%
Insurance Investigator11,400 BWP-8%
Insurance Manager20,400 BWP+66%
Insurance Operations Manager20,100 BWP+63%
Insurance Policy Processing Clerk4,620 BWP-63%
Insurance Pricing Assistant9,410 BWP-24%
Insurance Program Manager15,000 BWP+22%
Insurance Project Manager15,300 BWP+24%
Insurance Quality Assurance Agent10,100 BWP-18%
Insurance Sales Agent6,870 BWP-44%
Insurance Sales Director19,400 BWP+57%
Insurance Team Leader12,800 BWP+4%
Insurance Underwriter8,920 BWP-28%
Loss Control Specialist11,500 BWP-7%
Loss Prevention Investigator12,800 BWP+4%
Loss Prevention Manager16,600 BWP+35%
Loss Prevention Specialist12,500 BWP+1%
Marine Underwriter9,170 BWP-26%
Medical Auditor12,000 BWP-3%
Monitoring and Performance Officer8,060 BWP-35%
Payment Services Specialist12,300 BWP-0%
Policy Change Director18,900 BWP+53%
Policy Change Supervisor13,400 BWP+9%
Policy Change Technician5,610 BWP-54%
Risk Analyst13,700 BWP+11%
Risk Management Director22,100 BWP+79%
Risk Management Supervisor14,700 BWP+19%
Risk Manager22,500 BWP+83%
Risk Modeling Manager23,100 BWP+87%
Title Insurance Typist10,300 BWP-16%
Training Manager13,400 BWP+9%

Salary Comparison By City

CityAverage Salary
Gaborone14,400 BWP

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 Botswana earn 11% more than their private sector counterparts on average across all sectors.

Private Sector
11,000 BWP
Public Sector+11%
12,200 BWP
Percentage increase and decrease are relative to the previous value

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