Insurance Appraiser Average Salary in Bulgaria 2021
How much money does an Insurance Appraiser make in Bulgaria?
LOW
1,700
BGN AVERAGE
3,260
BGN HIGH
4,990
BGN
A person working as an Insurance Appraiser in Bulgaria typically earns around 3,260 BGN per month. Salaries range from 1,700 BGN (lowest) to 4,990 BGN (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 Bulgaria
The median, the maximum, the minimum, and the range
Salary Range
Insurance Appraiser salaries in Bulgaria range from 1,700 BGN per month (minimum salary) to 4,990 BGN per month (maximum salary).
Median Salary
The median salary is 3,130 BGN per month, which means that half (50%) of people working as Insurance Appraiser(s) are earning less than 3,130 BGN while the other half are earning more than 3,130 BGN. 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 2,170 BGN while 75% of them are earning more than 2,170 BGN. Also from the diagram, 75% of Insurance Appraiser(s) are earning less than 3,900 BGN while 25% are earning more than 3,900 BGN.
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?
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 1,930 BGN per month.
While someone with an experience level between two and five years is expected to earn 2,590 BGN 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 3,360 BGN per month, 30% more than someone with two to five years of experience.
Additionally, Insurance Appraiser(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 4,070 BGN per month, 21% 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 4,450 BGN 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 4,680 BGN per month, 5% more than people with fifteen to twenty years of experience.
Insurance Appraiser average salary change by experience in Bulgaria
| 0 - 2 Years | 1,930 BGN | |
| 2 - 5 Years | +34% | 2,590 BGN |
| 5 - 10 Years | +30% | 3,360 BGN |
| 10 - 15 Years | +21% | 4,070 BGN |
| 15 - 20 Years | +9% | 4,450 BGN |
| 20+ Years | +5% | 4,680 BGN |
Typical Salary Progress for Most Careers
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.
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 2,420 BGN per month.
While someone with a Bachelor's Degree gets a salary of 4,370 BGN per month, 80% more than someone having a Certificate or Diploma degree.
Insurance Appraiser average salary difference by education level in Bulgaria
| Certificate or Diploma | 2,420 BGN | |
| Bachelor's Degree | +80% | 4,370 BGN |
Typical Salary Difference by Education for Most Careers
Insurance Appraiser Salary Comparison By Gender
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 Bulgaria earn 6% more than their female counterparts on average.
| Male | 3,380 BGN | |
| Female | -6% | 3,180 BGN |
Salary Comparison By Gender in Bulgaria for all Careers
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Insurance Appraiser Average Annual Salary Increment Percentage in Bulgaria
How much are annual salary increments in Bulgaria for Insurance Appraiser(s)? How often do employees get salary raises?
Insurance Appraiser
Insurance Appraiser(s) in Bulgaria are likely to observe a salary increase of approximately 10% every 20 months. The national average annual increment for all professions combined is 7% granted to employees every 20 months.
Bulgaria / 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
Annual Increment Rate By Industry 2020
| Banking | 6% | |
| Energy | 3% | |
| Information Technology | 9% | |
| Healthcare | 6% | |
| Travel | 3% | |
| Construction | 9% | |
| Education | 6% |
Listed above are the average annual increase rates for each industry in Bulgaria for the year 2020. 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
Insurance Appraiser Bonus and Incentive Rates in Bulgaria
How much and how often are bonuses being awarded?
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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.
75% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 25% 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 | 25% | |
| No Bonus | 75% |
Types of Bonuses Considered
Individual Performance-Based BonusesThe most standard form of bonus where the employee is awarded based on their exceptional performance.
Company Performance BonusesOccasionally, 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 BonusesGranted upon achieving an important goal or milestone.
Holiday / End of Year BonusesThese 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 Generators | Supporting 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: | Example: |
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.
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 Bulgaria
19 BGN per hourThe average hourly wage (pay per hour) in Bulgaria is 19 BGN. This means that the average Insurance Appraiser in Bulgaria earns approximately 19 BGN for every worked hour.
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
The average salary for Insurance Appraiser is 1% less than that of Insurance. Also, Insurance salaries are 0% more than those of All Jobs.
Salary comparison with similar jobs
| Job Title | Average Salary |
| Actuarial Analyst | 4,330 BGN |  +33% |
| Actuarial Assistant | 3,150 BGN |  -3% |
| Actuary | 4,340 BGN | +33% |
| Adjustment Insurance Clerk | 1,290 BGN | -60% |
| Assistant Broker | 2,090 BGN | -36% |
| Assistant Claims Manager | 3,550 BGN | +9% |
| Associate Insurance Representative | 1,720 BGN | -47% |
| Auditing Insurance Manager | 4,820 BGN | +48% |
| Broker | 3,310 BGN | +1% |
| Claim Advocacy Professional | 3,220 BGN | -1% |
| Claims Adjuster | 1,250 BGN | -62% |
| Claims Analyst | 1,800 BGN | -45% |
| Claims Examiner | 1,680 BGN | -49% |
| Claims Manager | 4,730 BGN | +45% |
| Claims Processor | 1,290 BGN | -60% |
| Claims Representative | 1,520 BGN | -53% |
| Claims Resolution Specialist | 3,570 BGN | +9% |
| Claims Supervisor | 3,200 BGN | -2% |
| Complaints Specialist | 3,020 BGN | -7% |
| Compliance Officer | 2,650 BGN | -19% |
| Consultant | 3,470 BGN | +6% |
| Eligibility Specialist | 3,350 BGN | +3% |
| Insurance Account Manager | 4,330 BGN | +33% |
| Insurance Accounts Executive | 3,790 BGN | +16% |
| Insurance Agent | 2,030 BGN | -38% |
| Insurance Analyst | 3,380 BGN | +4% |
| Insurance Appraiser | 3,260 BGN | -0% |
| Insurance Claims Clerk | 1,250 BGN | -62% |
| Insurance Examiner | 3,190 BGN | -2% |
| Insurance Investigator | 3,060 BGN | -6% |
| Insurance Manager | 5,700 BGN | +75% |
| Insurance Operations Manager | 5,510 BGN | +69% |
| Insurance Policy Processing Clerk | 1,250 BGN | -62% |
| Insurance Pricing Assistant | 2,540 BGN | -22% |
| Insurance Program Manager | 4,480 BGN | +37% |
| Insurance Project Manager | 4,420 BGN | +35% |
| Insurance Quality Assurance Agent | 2,890 BGN | -11% |
| Insurance Sales Agent | 2,060 BGN | -37% |
| Insurance Sales Director | 5,480 BGN | +68% |
| Insurance Team Leader | 3,560 BGN | +9% |
| Insurance Underwriter | 2,380 BGN | -27% |
| Loss Control Specialist | 3,200 BGN | -2% |
| Loss Prevention Investigator | 3,560 BGN | +9% |
| Loss Prevention Manager | 4,660 BGN | +43% |
| Loss Prevention Specialist | 3,520 BGN | +8% |
| Marine Underwriter | 2,400 BGN | -26% |
| Medical Auditor | 3,360 BGN | +3% |
| Monitoring and Performance Officer | 2,320 BGN | -29% |
| Payment Services Specialist | 3,430 BGN | +5% |
| Policy Change Director | 5,040 BGN | +54% |
| Policy Change Supervisor | 3,600 BGN | +10% |
| Policy Change Technician | 1,670 BGN | -49% |
| Risk Analyst | 3,720 BGN | +14% |
| Risk Management Director | 6,660 BGN | +100% |
| Risk Management Supervisor | 4,020 BGN | +23% |
| Risk Manager | 6,190 BGN | +90% |
| Risk Modeling Manager | 6,400 BGN | +96% |
| Title Insurance Typist | 2,850 BGN | -13% |
| Training Manager | 3,650 BGN | +12% |
Salary Comparison By City
| City | Average Salary |
| Burgas | 3,160 BGN |
| Plovdiv | 3,420 BGN |
| Rousse | 3,250 BGN |
| Sofia | 3,740 BGN |
| Stara Zagora | 2,960 BGN |
| Varna | 3,460 BGN |
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 Bulgaria earn 9% more than their private sector counterparts on average across all sectors.
| Private Sector | 3,130 BGN | |
| Public Sector | +9% | 3,420 BGN |
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