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Insurance Appraiser Average Salary in Denmark 2020

How much money does an Insurance Appraiser make in Denmark?


Average Monthly Salary
40,200 DKK
( 482,000 DKK yearly)

LOW
18,900
DKK
AVERAGE
40,200
DKK
HIGH
63,500
DKK

A person working as an Insurance Appraiser in Denmark typically earns around 40,200 DKK per month. Salaries range from 18,900 DKK (lowest) to 63,500 DKK (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 Denmark

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

  • Salary Range

    Insurance Appraiser salaries in Denmark range from 18,900 DKK per month (minimum salary) to 63,500 DKK per month (maximum salary).

  • Median Salary

    The median salary is 42,600 DKK per month, which means that half (50%) of people working as Insurance Appraiser(s) are earning less than 42,600 DKK while the other half are earning more than 42,600 DKK. 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 27,700 DKK while 75% of them are earning more than 27,700 DKK. Also from the diagram, 75% of Insurance Appraiser(s) are earning less than 56,200 DKK while 25% are earning more than 56,200 DKK.


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 Denmark 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 21,800 DKK per month.

While someone with an experience level between two and five years is expected to earn 30,000 DKK per month, 38% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 42,700 DKK per month, 42% 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 52,100 DKK 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 55,000 DKK per month, 6% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 59,900 DKK per month, 9% more than people with fifteen to twenty years of experience.


Insurance Appraiser average salary change by experience in Denmark

0 - 2 Years
21,800 DKK
2 - 5 Years+38%
30,000 DKK
5 - 10 Years+42%
42,700 DKK
10 - 15 Years+22%
52,100 DKK
15 - 20 Years+6%
55,000 DKK
20+ Years+9%
59,900 DKK
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 Denmark 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 27,400 DKK per month.

While someone with a Bachelor's Degree gets a salary of 52,300 DKK per month, 91% more than someone having a Certificate or Diploma degree.


Insurance Appraiser average salary difference by education level in Denmark

Certificate or Diploma
27,400 DKK
Bachelor's Degree+91%
52,300 DKK
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 Denmark 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 Denmark earn 4% more than their female counterparts on average.

Male
41,000 DKK
Female-4%
39,300 DKK
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Denmark for all Careers

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

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

Insurance Appraiser

Insurance Appraiser(s) in Denmark are likely to observe a salary increase of approximately 12% every 15 months. The national average annual increment for all professions combined is 9% granted to employees every 15 months.

Annual Salary Increment Rate Denmark 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.

Denmark / 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 Denmark is 7%.

Annual Increment Rate By Industry 2019

Banking
4%
Energy
8%
Information Technology
3%
Healthcare
7%
Travel
2%
Construction
6%
Education
1%

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

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

66% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 34% 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
34%
No Bonus
66%

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 Denmark


230 DKK per hour

The average hourly wage (pay per hour) in Denmark is 230 DKK. This means that the average Insurance Appraiser in Denmark earns approximately 230 DKK 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 Denmark
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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 TitleAverage Salary
Actuarial Analyst53,400 DKK+33%
Actuarial Assistant39,700 DKK-1%
Actuary56,200 DKK+40%
Adjustment Insurance Clerk15,500 DKK-61%
Assistant Broker24,500 DKK-39%
Assistant Claims Manager42,500 DKK+6%
Associate Insurance Representative20,600 DKK-49%
Auditing Insurance Manager59,300 DKK+48%
Broker41,700 DKK+4%
Claim Advocacy Professional41,600 DKK+4%
Claims Adjuster15,700 DKK-61%
Claims Analyst21,100 DKK-47%
Claims Examiner20,200 DKK-50%
Claims Manager58,100 DKK+45%
Claims Processor14,700 DKK-63%
Claims Representative18,200 DKK-55%
Claims Resolution Specialist42,900 DKK+7%
Claims Supervisor41,400 DKK+3%
Complaints Specialist35,400 DKK-12%
Compliance Officer32,600 DKK-19%
Consultant40,600 DKK+1%
Eligibility Specialist40,300 DKK+0%
Insurance Account Manager50,700 DKK+26%
Insurance Accounts Executive45,500 DKK+13%
Insurance Agent25,000 DKK-38%
Insurance Analyst37,600 DKK-6%
Insurance Appraiser40,200 DKK+0%
Insurance Claims Clerk14,300 DKK-64%
Insurance Examiner37,300 DKK-7%
Insurance Investigator36,700 DKK-9%
Insurance Manager68,400 DKK+70%
Insurance Operations Manager66,100 DKK+65%
Insurance Policy Processing Clerk15,400 DKK-62%
Insurance Pricing Assistant31,300 DKK-22%
Insurance Program Manager55,100 DKK+37%
Insurance Project Manager51,800 DKK+29%
Insurance Quality Assurance Agent35,500 DKK-12%
Insurance Sales Agent23,600 DKK-41%
Insurance Sales Director69,000 DKK+72%
Insurance Team Leader40,500 DKK+1%
Insurance Underwriter30,800 DKK-23%
Loss Control Specialist40,300 DKK+0%
Loss Prevention Investigator41,700 DKK+4%
Loss Prevention Manager55,900 DKK+39%
Loss Prevention Specialist43,300 DKK+8%
Marine Underwriter31,100 DKK-23%
Medical Auditor40,400 DKK+1%
Monitoring and Performance Officer28,500 DKK-29%
Payment Services Specialist40,200 DKK+0%
Policy Change Director63,600 DKK+58%
Policy Change Supervisor42,100 DKK+5%
Policy Change Technician20,000 DKK-50%
Risk Analyst46,900 DKK+17%
Risk Management Director78,000 DKK+94%
Risk Management Supervisor48,300 DKK+20%
Risk Manager76,200 DKK+90%
Risk Modeling Manager73,100 DKK+82%
Title Insurance Typist35,100 DKK-13%
Training Manager42,700 DKK+6%

Salary Comparison By City

CityAverage Salary
Copenhagen45,400 DKK

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 Denmark earn 6% more than their private sector counterparts on average across all sectors.

Private Sector
39,500 DKK
Public Sector+6%
41,800 DKK
Percentage increase and decrease are relative to the previous value

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