A person working as Insurance Appraiser in Czech Republic typically earns around 63,400 CZK. Salaries range from 31,000 CZK (lowest) to 98,800 CZK (highest).
This is the average salary including housing, transport, and other benefits. Insurance Appraiser salaries in Czech Republic vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Minimum Salary 31,000 CZK |
Median 59,100 CZK |
Maximum 98,800 CZK |
Salaries for the position Insurance Appraiser in Czech Republic range from 31,000 CZK (starting salary) to 98,800 CZK (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.
With a median salary of 59,100 CZK, half of the professionals who work as Insurance Appraiser in Czech Republic earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.
The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as Insurance Appraiser in Czech Republic earn less than 48,300 CZK, while 75% earn more. Similarly, the chart shows that 75% earn less than 67,600 CZK while 25% earn more.
To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title Insurance Appraiser in Czech Republic compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 36,800 CZK to 51,900 CZK. About 20% of salaries are below the 36,800 CZK mark, while 10% fall within the range of 51,900 CZK to 58,700 CZK. Only 5% of individuals have salaries exceeding 58,700 CZK.
0 - 2 Years | 36,800 CZK | |
2 - 5 Years | +29% | 47,300 CZK |
5 - 10 Years | +38% | 65,300 CZK |
10 - 15 Years | +24% | 80,900 CZK |
15 - 20 Years | +7% | 86,600 CZK |
20+ Years | +7% | 92,400 CZK |
The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage. We broke down salaries by experience level for people working as Insurance Appraiser and this is what we found.
Employees with less than two years of experience earn approximately 36,800 CZK.
While someone with an experience level between two and five years is expected to earn 47,300 CZK, 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 65,300 CZK, 38% more than someone with two to five years of experience.
Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 80,900 CZK, 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 86,600 CZK, 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 92,400 CZK, 7% more than people with fifteen to twenty years of experience.
Certificate or Diploma | 52,100 CZK | |
Bachelor's Degree | +53% | 79,900 CZK |
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 salaries by education level for the position Insurance Appraiser in order to make a comparison.
Employees at this education level have an average salary of 52,100 CZK.
At this level, the average salary becomes 79,900 CZK, 53% more than the previous level.
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? For the people who work as Insurance Appraiser in Czech Republic, the average difference between the salary of male and female employees is 6%.
Male | 65,000 CZK | |
Female | -5% | 61,400 CZK |
Individuals working as Insurance Appraiser in Czech Republic are likely to observe a salary increase of approximately 11% every 19 months. The national average annual increment for all professions combined is 8% granted to employees every 18 months.
The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare 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
Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.
70% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 30% 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 | 30% | |
No Bonus | 70% |
The 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.
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. |
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.
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 fixed 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 minimum pay rate per hour for people working as Insurance Appraiser in Czech Republic is 180 CZK. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.
Job Title | Average Salary |
Insurance | -100% | |
Actuarial Analyst | 83,200 CZK | +31% |
Actuarial Assistant | 56,100 CZK | -11% |
Actuarial Specialist | 60,100 CZK | -5% |
Actuary | 79,800 CZK | +26% |
Adjustment Insurance Clerk | 21,800 CZK | -66% |
Assistant Broker | 36,900 CZK | -42% |
Assistant Claims Manager | 62,800 CZK | -1% |
Associate Insurance Representative | 30,800 CZK | -51% |
Auditing Insurance Manager | 92,400 CZK | +46% |
Blockchain Insurance Auditor | 54,300 CZK | -14% |
Broker | 62,000 CZK | -2% |
Claim Advocacy Professional | 63,000 CZK | -1% |
Claims Adjuster | 22,100 CZK | -65% |
Claims Analyst | 32,800 CZK | -48% |
Claims Examiner | 31,400 CZK | -50% |
Claims Manager | 81,700 CZK | +29% |
Claims Processor | 22,800 CZK | -64% |
Claims Representative | 26,700 CZK | -58% |
Claims Resolution Specialist | 64,900 CZK | +2% |
Claims Supervisor | 58,100 CZK | -8% |
Complaints Specialist | 58,200 CZK | -8% |
Compliance Examiner | 56,400 CZK | -11% |
Compliance Officer | 48,300 CZK | -24% |
Compliance Reviewer | 58,800 CZK | -7% |
Consultant | 59,300 CZK | -6% |
Drone Claims Adjuster | 26,200 CZK | -59% |
Eligibility Interviewer | 67,600 CZK | +7% |
Eligibility Specialist | 62,300 CZK | -2% |
Insurance Account Manager | 75,800 CZK | +20% |
Insurance Accounts Executive | 67,500 CZK | +7% |
Insurance Adjuster | 56,400 CZK | -11% |
Insurance Agent | 37,300 CZK | -41% |
Insurance Analyst | 58,200 CZK | -8% |
Insurance Appraiser | 63,400 CZK | +0% |
Insurance Claims Clerk | 22,500 CZK | -64% |
Insurance Compliance Officer | 68,100 CZK | +7% |
Insurance Data Scientist | 53,200 CZK | -16% |
Insurance Examiner | 53,100 CZK | -16% |
Insurance Fraud Investigator | 50,900 CZK | -20% |
Insurance Investigator | 57,800 CZK | -9% |
Insurance Manager | 103,000 CZK | +63% |
Insurance Operations Manager | 102,000 CZK | +61% |
Insurance Policy Processing Clerk | 21,800 CZK | -66% |
Insurance Pricing Assistant | 48,200 CZK | -24% |
Insurance Product Manager | 68,800 CZK | +9% |
Insurance Program Manager | 75,300 CZK | +19% |
Insurance Project Manager | 75,700 CZK | +19% |
Insurance Quality Assurance Agent | 49,900 CZK | -21% |
Insurance Sales Agent | 37,000 CZK | -42% |
Insurance Sales Director | 97,400 CZK | +54% |
Insurance Sales Manager | 75,000 CZK | +18% |
Insurance Sales Representative | 31,000 CZK | -51% |
Insurance Team Leader | 64,800 CZK | +2% |
Insurance Underwriter | 46,700 CZK | -26% |
Insurtech Analyst | 57,100 CZK | -10% |
Loss Control Specialist | 60,600 CZK | -4% |
Loss Prevention Investigator | 62,600 CZK | -1% |
Loss Prevention Manager | 83,800 CZK | +32% |
Loss Prevention Specialist | 65,000 CZK | +3% |
Marine Underwriter | 43,600 CZK | -31% |
Medical Auditor | 60,600 CZK | -4% |
Monitoring and Performance Officer | 41,700 CZK | -34% |
Parametric Insurance Specialist | 62,200 CZK | -2% |
Payment Services Specialist | 60,300 CZK | -5% |
Peer-to-Peer Insurance Manager | 75,200 CZK | +19% |
Policy Change Director | 98,300 CZK | +55% |
Policy Change Supervisor | 65,100 CZK | +3% |
Policy Change Technician | 27,900 CZK | -56% |
Risk Analyst | 65,300 CZK | +3% |
Risk Management Director | 120,000 CZK | +89% |
Risk Management Supervisor | 74,200 CZK | +17% |
Risk Manager | 117,000 CZK | +85% |
Risk Modeling Manager | 112,000 CZK | +77% |
Social Media Risk Analyst | 62,700 CZK | -1% |
Title Insurance Typist | 53,800 CZK | -15% |
Training Manager | 64,400 CZK | +2% |
Underwriting Assistant | 29,700 CZK | -53% |
Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in Czech Republic is 7% on average across all career fields.
Private Sector | 59,300 CZK | |
Public Sector | +7% | 63,600 CZK |
A good and competitive compensation would range anywhere between 59,100 CZK and 67,600 CZK. This is a very rough estimate. Experience and education play a very huge part in the final earnings.
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.
The base salary for a careers like Insurance Appraiser in Czech Republic ranges from 31,000 CZK to 48,300 CZK. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.
Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn 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