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Insurance Appraiser Average Salary in Comoros 2020

How much money does an Insurance Appraiser make in Comoros?


Average Monthly Salary
304,000 KMF
( 3,650,000 KMF yearly)

LOW
149,000
KMF
AVERAGE
304,000
KMF
HIGH
475,000
KMF

A person working as an Insurance Appraiser in Comoros typically earns around 304,000 KMF per month. Salaries range from 149,000 KMF (lowest) to 475,000 KMF (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 Comoros

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

  • Salary Range

    Insurance Appraiser salaries in Comoros range from 149,000 KMF per month (minimum salary) to 475,000 KMF per month (maximum salary).

  • Median Salary

    The median salary is 310,000 KMF per month, which means that half (50%) of people working as Insurance Appraiser(s) are earning less than 310,000 KMF while the other half are earning more than 310,000 KMF. 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 207,000 KMF while 75% of them are earning more than 207,000 KMF. Also from the diagram, 75% of Insurance Appraiser(s) are earning less than 400,000 KMF while 25% are earning more than 400,000 KMF.


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 Comoros 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 177,000 KMF per month.

While someone with an experience level between two and five years is expected to earn 227,000 KMF 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 314,000 KMF 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 388,000 KMF 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 416,000 KMF 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 444,000 KMF per month, 7% more than people with fifteen to twenty years of experience.


Insurance Appraiser average salary change by experience in Comoros

0 - 2 Years
177,000 KMF
2 - 5 Years+29%
227,000 KMF
5 - 10 Years+38%
314,000 KMF
10 - 15 Years+24%
388,000 KMF
15 - 20 Years+7%
416,000 KMF
20+ Years+7%
444,000 KMF
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 Comoros 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 250,000 KMF per month.

While someone with a Bachelor's Degree gets a salary of 384,000 KMF per month, 53% more than someone having a Certificate or Diploma degree.


Insurance Appraiser average salary difference by education level in Comoros

Certificate or Diploma
250,000 KMF
Bachelor's Degree+53%
384,000 KMF
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 Comoros 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 Comoros earn 12% more than their female counterparts on average.

Male
317,000 KMF
Female-10%
284,000 KMF
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Comoros for all Careers

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

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

Insurance Appraiser

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

Annual Salary Increment Rate Comoros 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.

Comoros / 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 Comoros 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 Comoros 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 Comoros

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


1,760 KMF per hour

The average hourly wage (pay per hour) in Comoros is 1,760 KMF. This means that the average Insurance Appraiser in Comoros earns approximately 1,760 KMF 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 Comoros
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The average salary for Insurance Appraiser is 1% 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 Analyst396,000 KMF+30%
Actuarial Assistant292,000 KMF-4%
Actuary401,000 KMF+32%
Adjustment Insurance Clerk116,000 KMF-62%
Assistant Broker193,000 KMF-37%
Assistant Claims Manager332,000 KMF+9%
Associate Insurance Representative164,000 KMF-46%
Auditing Insurance Manager440,000 KMF+45%
Broker313,000 KMF+3%
Claim Advocacy Professional309,000 KMF+2%
Claims Adjuster115,000 KMF-62%
Claims Analyst153,000 KMF-50%
Claims Examiner161,000 KMF-47%
Claims Manager415,000 KMF+36%
Claims Processor115,000 KMF-62%
Claims Representative136,000 KMF-55%
Claims Resolution Specialist315,000 KMF+3%
Claims Supervisor290,000 KMF-5%
Complaints Specialist274,000 KMF-10%
Compliance Officer237,000 KMF-22%
Consultant314,000 KMF+3%
Eligibility Specialist308,000 KMF+1%
Insurance Account Manager369,000 KMF+21%
Insurance Accounts Executive335,000 KMF+10%
Insurance Agent178,000 KMF-42%
Insurance Analyst285,000 KMF-6%
Insurance Appraiser304,000 KMF-0%
Insurance Claims Clerk107,000 KMF-65%
Insurance Examiner277,000 KMF-9%
Insurance Investigator298,000 KMF-2%
Insurance Manager513,000 KMF+69%
Insurance Operations Manager516,000 KMF+70%
Insurance Policy Processing Clerk112,000 KMF-63%
Insurance Pricing Assistant228,000 KMF-25%
Insurance Program Manager402,000 KMF+32%
Insurance Project Manager400,000 KMF+31%
Insurance Quality Assurance Agent253,000 KMF-17%
Insurance Sales Agent188,000 KMF-38%
Insurance Sales Director508,000 KMF+67%
Insurance Team Leader310,000 KMF+2%
Insurance Underwriter229,000 KMF-25%
Loss Control Specialist279,000 KMF-8%
Loss Prevention Investigator316,000 KMF+4%
Loss Prevention Manager419,000 KMF+38%
Loss Prevention Specialist322,000 KMF+6%
Marine Underwriter217,000 KMF-29%
Medical Auditor303,000 KMF-0%
Monitoring and Performance Officer203,000 KMF-33%
Payment Services Specialist304,000 KMF-0%
Policy Change Director477,000 KMF+57%
Policy Change Supervisor313,000 KMF+3%
Policy Change Technician147,000 KMF-52%
Risk Analyst338,000 KMF+11%
Risk Management Director556,000 KMF+83%
Risk Management Supervisor377,000 KMF+24%
Risk Manager588,000 KMF+93%
Risk Modeling Manager559,000 KMF+84%
Title Insurance Typist271,000 KMF-11%
Training Manager337,000 KMF+11%

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

Private Sector
287,000 KMF
Public Sector+14%
326,000 KMF
Percentage increase and decrease are relative to the previous value

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