A person working as an Insurance Appraiser in Estonia typically earns around 2,650 EUR per month. Salaries range from 1,430 EUR (lowest) to 4,000 EUR (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 Estonia range from 1,430 EUR per month (minimum salary) to 4,000 EUR per month (maximum salary).
The median salary is 2,440 EUR per month, which means that half (50%) of people working as Insurance Appraiser(s) are earning less than 2,440 EUR while the other half are earning more than 2,440 EUR. 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 1,740 EUR while 75% of them are earning more than 1,740 EUR. Also from the diagram, 75% of Insurance Appraiser(s) are earning less than 2,960 EUR while 25% are earning more than 2,960 EUR.
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 1,660 EUR per month.
While someone with an experience level between two and five years is expected to earn 2,100 EUR per month, 26% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 2,770 EUR per month, 32% 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 3,260 EUR per month, 18% 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 3,610 EUR per month, 11% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 3,840 EUR per month, 6% more than people with fifteen to twenty years of experience.
|0 - 2 Years|
|2 - 5 Years||+26%|
|5 - 10 Years||+32%|
|10 - 15 Years||+18%|
|15 - 20 Years||+11%|
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 2,310 EUR per month.
While someone with a Bachelor's Degree gets a salary of 3,440 EUR per month, 49% 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 Estonia earn 5% more than their female counterparts on average.
Insurance Appraiser(s) in Estonia are likely to observe a salary increase of approximately 11% every 18 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 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 Estonia 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.
76% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 24% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 1% to 2% 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% less than that of Insurance. Also, Insurance salaries are 0% more than those of All Jobs.
|Job Title||Average Salary|
|Actuarial Analyst||3,590 EUR||+35%|
|Actuarial Assistant||2,450 EUR||-8%|
|Adjustment Insurance Clerk||1,030 EUR||-61%|
|Assistant Broker||1,720 EUR||-35%|
|Assistant Claims Manager||3,010 EUR||+14%|
|Associate Insurance Representative||1,430 EUR||-46%|
|Auditing Insurance Manager||3,990 EUR||+51%|
|Claim Advocacy Professional||2,800 EUR||+6%|
|Claims Adjuster||970 EUR||-63%|
|Claims Analyst||1,450 EUR||-45%|
|Claims Examiner||1,400 EUR||-47%|
|Claims Manager||3,690 EUR||+39%|
|Claims Processor||1,040 EUR||-61%|
|Claims Representative||1,210 EUR||-54%|
|Claims Resolution Specialist||2,920 EUR||+10%|
|Claims Supervisor||2,680 EUR||+1%|
|Complaints Specialist||2,530 EUR||-5%|
|Compliance Officer||2,240 EUR||-16%|
|Eligibility Specialist||2,630 EUR||-1%|
|Insurance Account Manager||3,150 EUR||+19%|
|Insurance Accounts Executive||2,800 EUR||+6%|
|Insurance Agent||1,580 EUR||-40%|
|Insurance Analyst||2,740 EUR||+3%|
|Insurance Appraiser||2,650 EUR||-0%|
|Insurance Claims Clerk||950 EUR||-64%|
|Insurance Examiner||2,510 EUR||-5%|
|Insurance Investigator||2,500 EUR||-6%|
|Insurance Manager||4,560 EUR||+72%|
|Insurance Operations Manager||4,680 EUR||+77%|
|Insurance Policy Processing Clerk||950 EUR||-64%|
|Insurance Pricing Assistant||2,150 EUR||-19%|
|Insurance Program Manager||3,430 EUR||+29%|
|Insurance Project Manager||3,350 EUR||+26%|
|Insurance Quality Assurance Agent||2,250 EUR||-15%|
|Insurance Sales Agent||1,640 EUR||-38%|
|Insurance Sales Director||4,250 EUR||+60%|
|Insurance Team Leader||2,930 EUR||+11%|
|Insurance Underwriter||2,080 EUR||-22%|
|Loss Control Specialist||2,640 EUR||-0%|
|Loss Prevention Investigator||2,750 EUR||+4%|
|Loss Prevention Manager||3,720 EUR||+40%|
|Loss Prevention Specialist||2,920 EUR||+10%|
|Marine Underwriter||2,010 EUR||-24%|
|Medical Auditor||2,690 EUR||+1%|
|Monitoring and Performance Officer||1,810 EUR||-32%|
|Payment Services Specialist||2,650 EUR||-0%|
|Policy Change Director||4,240 EUR||+60%|
|Policy Change Supervisor||2,840 EUR||+7%|
|Policy Change Technician||1,360 EUR||-49%|
|Risk Analyst||2,950 EUR||+11%|
|Risk Management Director||4,940 EUR||+86%|
|Risk Management Supervisor||3,420 EUR||+29%|
|Risk Manager||4,930 EUR||+86%|
|Risk Modeling Manager||4,770 EUR||+80%|
|Title Insurance Typist||2,270 EUR||-14%|
|Training Manager||3,000 EUR||+13%|
Where can you get paid more, working for a private company or for the government? Public sector employees in Estonia earn 5% more than their private sector counterparts on average across all sectors.