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Insurance Appraiser Average Salary in Albania 2020

How much money does an Insurance Appraiser make in Albania?


Average Monthly Salary
101,000 ALL
( 1,210,000 ALL yearly)

LOW
49,500
ALL
AVERAGE
101,000
ALL
HIGH
157,000
ALL

A person working as an Insurance Appraiser in Albania typically earns around 101,000 ALL per month. Salaries range from 49,500 ALL (lowest) to 157,000 ALL (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 Albania

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

  • Salary Range

    Insurance Appraiser salaries in Albania range from 49,500 ALL per month (minimum salary) to 157,000 ALL per month (maximum salary).

  • Median Salary

    The median salary is 103,000 ALL per month, which means that half (50%) of people working as Insurance Appraiser(s) are earning less than 103,000 ALL while the other half are earning more than 103,000 ALL. 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 68,600 ALL while 75% of them are earning more than 68,600 ALL. Also from the diagram, 75% of Insurance Appraiser(s) are earning less than 133,000 ALL while 25% are earning more than 133,000 ALL.


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 Albania 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 58,600 ALL per month.

While someone with an experience level between two and five years is expected to earn 75,400 ALL per month, 29% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 104,000 ALL per month, 38% 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 129,000 ALL per month, 24% 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 138,000 ALL per month, 7% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 147,000 ALL per month, 7% more than people with fifteen to twenty years of experience.


Insurance Appraiser average salary change by experience in Albania

0 - 2 Years
58,600 ALL
2 - 5 Years+29%
75,400 ALL
5 - 10 Years+38%
104,000 ALL
10 - 15 Years+24%
129,000 ALL
15 - 20 Years+7%
138,000 ALL
20+ Years+7%
147,000 ALL
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 Albania 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 82,900 ALL per month.

While someone with a Bachelor's Degree gets a salary of 127,000 ALL per month, 53% more than someone having a Certificate or Diploma degree.


Insurance Appraiser average salary difference by education level in Albania

Certificate or Diploma
82,900 ALL
Bachelor's Degree+53%
127,000 ALL
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 Albania 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 Albania earn 7% more than their female counterparts on average.

Male
104,000 ALL
Female-7%
96,900 ALL
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Albania for all Careers

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

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

Insurance Appraiser

Insurance Appraiser(s) in Albania are likely to observe a salary increase of approximately 7% every 30 months. The national average annual increment for all professions combined is 4% granted to employees every 29 months.

Annual Salary Increment Rate Albania 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.

Albania / 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 Albania is 2%.

Annual Increment Rate By Industry 2019

Banking
3%
Energy
6%
Information Technology
9%
Healthcare
3%
Travel
6%
Construction
9%
Education
3%

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

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

87% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 13% 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
13%
No Bonus
87%

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 Albania


580 ALL per hour

The average hourly wage (pay per hour) in Albania is 580 ALL. This means that the average Insurance Appraiser in Albania earns approximately 580 ALL 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 Albania
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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 Analyst139,000 ALL+38%
Actuarial Assistant98,400 ALL-3%
Actuary137,000 ALL+36%
Adjustment Insurance Clerk38,600 ALL-62%
Assistant Broker66,000 ALL-35%
Assistant Claims Manager109,000 ALL+8%
Associate Insurance Representative50,500 ALL-50%
Auditing Insurance Manager155,000 ALL+54%
Broker99,200 ALL-2%
Claim Advocacy Professional104,000 ALL+3%
Claims Adjuster38,900 ALL-61%
Claims Analyst54,500 ALL-46%
Claims Examiner54,700 ALL-46%
Claims Manager149,000 ALL+48%
Claims Processor39,300 ALL-61%
Claims Representative45,500 ALL-55%
Claims Resolution Specialist112,000 ALL+11%
Claims Supervisor95,100 ALL-6%
Complaints Specialist89,800 ALL-11%
Compliance Officer80,400 ALL-20%
Consultant103,000 ALL+2%
Eligibility Specialist96,600 ALL-4%
Insurance Account Manager119,000 ALL+18%
Insurance Accounts Executive107,000 ALL+6%
Insurance Agent57,900 ALL-43%
Insurance Analyst94,500 ALL-6%
Insurance Appraiser101,000 ALL+0%
Insurance Claims Clerk37,500 ALL-63%
Insurance Examiner92,800 ALL-8%
Insurance Investigator95,600 ALL-5%
Insurance Manager171,000 ALL+69%
Insurance Operations Manager169,000 ALL+67%
Insurance Policy Processing Clerk37,800 ALL-63%
Insurance Pricing Assistant77,000 ALL-24%
Insurance Program Manager136,000 ALL+35%
Insurance Project Manager131,000 ALL+30%
Insurance Quality Assurance Agent90,900 ALL-10%
Insurance Sales Agent60,700 ALL-40%
Insurance Sales Director171,000 ALL+69%
Insurance Team Leader102,000 ALL+1%
Insurance Underwriter76,700 ALL-24%
Loss Control Specialist102,000 ALL+1%
Loss Prevention Investigator110,000 ALL+9%
Loss Prevention Manager140,000 ALL+39%
Loss Prevention Specialist102,000 ALL+1%
Marine Underwriter71,300 ALL-29%
Medical Auditor101,000 ALL+0%
Monitoring and Performance Officer73,000 ALL-28%
Payment Services Specialist106,000 ALL+5%
Policy Change Director151,000 ALL+50%
Policy Change Supervisor105,000 ALL+4%
Policy Change Technician47,100 ALL-53%
Risk Analyst109,000 ALL+8%
Risk Management Director190,000 ALL+88%
Risk Management Supervisor123,000 ALL+22%
Risk Manager184,000 ALL+82%
Risk Modeling Manager185,000 ALL+83%
Title Insurance Typist84,600 ALL-16%
Training Manager115,000 ALL+14%

Salary Comparison By City

CityAverage Salary
Berat101,000 ALL
Durres108,000 ALL
Elbasan109,000 ALL
Fier99,500 ALL
Gjirokaster98,200 ALL
Korca97,300 ALL
Lezhe89,000 ALL
Sarande95,900 ALL
Shkodra101,000 ALL
Tirana110,000 ALL
Vlore110,000 ALL

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 Albania earn 14% more than their private sector counterparts on average across all sectors.

Private Sector
91,300 ALL
Public Sector+14%
104,000 ALL
Percentage increase and decrease are relative to the previous value

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