A person working as an Insurance Appraiser in Cambodia typically earns around 3,420,000 KHR per month. Salaries range from 1,570,000 KHR (lowest) to 5,440,000 KHR (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 salaries in Cambodia range from 1,570,000 KHR per month (minimum salary) to 5,440,000 KHR per month (maximum salary).
The median salary is 3,700,000 KHR per month, which means that half (50%) of people working as Insurance Appraiser(s) are earning less than 3,700,000 KHR while the other half are earning more than 3,700,000 KHR. 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.
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 2,370,000 KHR while 75% of them are earning more than 2,370,000 KHR. Also from the diagram, 75% of Insurance Appraiser(s) are earning less than 4,930,000 KHR while 25% are earning more than 4,930,000 KHR.
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
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 1,790,000 KHR per month.
While someone with an experience level between two and five years is expected to earn 2,390,000 KHR 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 3,530,000 KHR per month, 48% 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 4,300,000 KHR 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 4,690,000 KHR 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 5,070,000 KHR per month, 8% more than people with fifteen to twenty years of experience.
|0 - 2 Years|
|2 - 5 Years||+34%|
|5 - 10 Years||+48%|
|10 - 15 Years||+22%|
|15 - 20 Years||+9%|
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 2,080,000 KHR per month.
While someone with a Bachelor's Degree gets a salary of 4,010,000 KHR per month, 93% more than someone having a Certificate or Diploma degree.
|Certificate or Diploma|
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 Cambodia earn 16% more than their female counterparts on average.
Insurance Appraiser(s) in Cambodia 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.
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.
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
Listed above are the average annual increase rates for each industry in Cambodia 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.
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.
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.
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.
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.
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.
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.
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.
The average salary for Insurance Appraiser is 3% more than that of Insurance. Also, Insurance salaries are 0% more than those of All Jobs.
|Job Title||Average Salary|
|Actuarial Analyst||4,710,000 KHR||+38%|
|Actuarial Assistant||3,110,000 KHR||-9%|
|Adjustment Insurance Clerk||1,260,000 KHR||-63%|
|Assistant Broker||2,060,000 KHR||-40%|
|Assistant Claims Manager||3,720,000 KHR||+9%|
|Associate Insurance Representative||1,740,000 KHR||-49%|
|Auditing Insurance Manager||5,230,000 KHR||+53%|
|Claim Advocacy Professional||3,460,000 KHR||+1%|
|Claims Adjuster||1,230,000 KHR||-64%|
|Claims Analyst||1,780,000 KHR||-48%|
|Claims Examiner||1,670,000 KHR||-51%|
|Claims Manager||4,700,000 KHR||+37%|
|Claims Processor||1,280,000 KHR||-63%|
|Claims Representative||1,460,000 KHR||-57%|
|Claims Resolution Specialist||3,490,000 KHR||+2%|
|Claims Supervisor||3,210,000 KHR||-6%|
|Complaints Specialist||3,090,000 KHR||-10%|
|Compliance Officer||2,760,000 KHR||-19%|
|Eligibility Specialist||3,370,000 KHR||-2%|
|Insurance Account Manager||3,950,000 KHR||+15%|
|Insurance Accounts Executive||3,560,000 KHR||+4%|
|Insurance Agent||2,060,000 KHR||-40%|
|Insurance Analyst||3,400,000 KHR||-1%|
|Insurance Appraiser||3,420,000 KHR||-0%|
|Insurance Claims Clerk||1,190,000 KHR||-65%|
|Insurance Examiner||3,040,000 KHR||-11%|
|Insurance Investigator||3,240,000 KHR||-5%|
|Insurance Manager||5,700,000 KHR||+67%|
|Insurance Operations Manager||5,670,000 KHR||+66%|
|Insurance Policy Processing Clerk||1,200,000 KHR||-65%|
|Insurance Pricing Assistant||2,590,000 KHR||-24%|
|Insurance Program Manager||4,390,000 KHR||+28%|
|Insurance Project Manager||4,340,000 KHR||+27%|
|Insurance Quality Assurance Agent||2,870,000 KHR||-16%|
|Insurance Sales Agent||1,990,000 KHR||-42%|
|Insurance Sales Director||5,400,000 KHR||+58%|
|Insurance Team Leader||3,610,000 KHR||+5%|
|Insurance Underwriter||2,570,000 KHR||-25%|
|Loss Control Specialist||3,180,000 KHR||-7%|
|Loss Prevention Investigator||3,550,000 KHR||+4%|
|Loss Prevention Manager||4,660,000 KHR||+36%|
|Loss Prevention Specialist||3,530,000 KHR||+3%|
|Marine Underwriter||2,410,000 KHR||-30%|
|Medical Auditor||3,360,000 KHR||-2%|
|Monitoring and Performance Officer||2,260,000 KHR||-34%|
|Payment Services Specialist||3,420,000 KHR||-0%|
|Policy Change Director||5,090,000 KHR||+49%|
|Policy Change Supervisor||3,650,000 KHR||+7%|
|Policy Change Technician||1,690,000 KHR||-51%|
|Risk Analyst||3,800,000 KHR||+11%|
|Risk Management Director||6,180,000 KHR||+81%|
|Risk Management Supervisor||4,140,000 KHR||+21%|
|Risk Manager||6,390,000 KHR||+87%|
|Risk Modeling Manager||5,990,000 KHR||+75%|
|Title Insurance Typist||2,940,000 KHR||-14%|
|Training Manager||3,600,000 KHR||+5%|
|Phnom Penh||3,610,000 KHR|
Where can you get paid more, working for a private company or for the government? Public sector employees in Cambodia earn 25% more than their private sector counterparts on average across all sectors.