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Insurance Appraiser Average Salary in Ethiopia 2020

How much money does an Insurance Appraiser make in Ethiopia?


Average Monthly Salary
9,040 ETB
( 109,000 ETB yearly)

LOW
4,700
ETB
AVERAGE
9,040
ETB
HIGH
13,800
ETB

A person working as an Insurance Appraiser in Ethiopia typically earns around 9,040 ETB per month. Salaries range from 4,700 ETB (lowest) to 13,800 ETB (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 Ethiopia

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

  • Salary Range

    Insurance Appraiser salaries in Ethiopia range from 4,700 ETB per month (minimum salary) to 13,800 ETB per month (maximum salary).

  • Median Salary

    The median salary is 8,680 ETB per month, which means that half (50%) of people working as Insurance Appraiser(s) are earning less than 8,680 ETB while the other half are earning more than 8,680 ETB. 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 6,020 ETB while 75% of them are earning more than 6,020 ETB. Also from the diagram, 75% of Insurance Appraiser(s) are earning less than 10,800 ETB while 25% are earning more than 10,800 ETB.


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 Ethiopia 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 5,340 ETB per month.

While someone with an experience level between two and five years is expected to earn 7,170 ETB 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 9,310 ETB per month, 30% 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 11,300 ETB per month, 21% 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 12,300 ETB 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 13,000 ETB per month, 5% more than people with fifteen to twenty years of experience.


Insurance Appraiser average salary change by experience in Ethiopia

0 - 2 Years
5,340 ETB
2 - 5 Years+34%
7,170 ETB
5 - 10 Years+30%
9,310 ETB
10 - 15 Years+21%
11,300 ETB
15 - 20 Years+9%
12,300 ETB
20+ Years+5%
13,000 ETB
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 Ethiopia 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 6,710 ETB per month.

While someone with a Bachelor's Degree gets a salary of 12,100 ETB per month, 80% more than someone having a Certificate or Diploma degree.


Insurance Appraiser average salary difference by education level in Ethiopia

Certificate or Diploma
6,710 ETB
Bachelor's Degree+80%
12,100 ETB
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 Ethiopia 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 Ethiopia earn 11% more than their female counterparts on average.

Male
9,620 ETB
Female-10%
8,670 ETB
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Ethiopia for all Careers

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

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

Insurance Appraiser

Insurance Appraiser(s) in Ethiopia are likely to observe a salary increase of approximately 7% every 29 months. The national average annual increment for all professions combined is 4% granted to employees every 29 months.

Annual Salary Increment Rate Ethiopia 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.

Ethiopia / 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 Ethiopia is 2%.

Annual Increment Rate By Industry 2019

Banking
6%
Energy
3%
Information Technology
9%
Healthcare
6%
Travel
3%
Construction
9%
Education
6%

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

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

90% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 10% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 1% to 3% of their annual salary.

Received Bonus
10%
No Bonus
90%

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 Ethiopia


52 ETB per hour

The average hourly wage (pay per hour) in Ethiopia is 52 ETB. This means that the average Insurance Appraiser in Ethiopia earns approximately 52 ETB 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 Ethiopia
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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 Analyst11,200 ETB+24%
Actuarial Assistant8,460 ETB-6%
Actuary12,200 ETB+35%
Adjustment Insurance Clerk3,220 ETB-64%
Assistant Broker5,550 ETB-39%
Assistant Claims Manager8,990 ETB-1%
Associate Insurance Representative4,670 ETB-48%
Auditing Insurance Manager12,500 ETB+38%
Broker9,120 ETB+1%
Claim Advocacy Professional9,020 ETB-0%
Claims Adjuster3,340 ETB-63%
Claims Analyst4,530 ETB-50%
Claims Examiner4,390 ETB-51%
Claims Manager12,800 ETB+42%
Claims Processor3,260 ETB-64%
Claims Representative4,010 ETB-56%
Claims Resolution Specialist9,400 ETB+4%
Claims Supervisor8,430 ETB-7%
Complaints Specialist8,280 ETB-8%
Compliance Officer7,370 ETB-18%
Consultant8,780 ETB-3%
Eligibility Specialist9,140 ETB+1%
Insurance Account Manager10,300 ETB+14%
Insurance Accounts Executive9,210 ETB+2%
Insurance Agent5,170 ETB-43%
Insurance Analyst8,650 ETB-4%
Insurance Appraiser9,040 ETB-0%
Insurance Claims Clerk3,250 ETB-64%
Insurance Examiner7,760 ETB-14%
Insurance Investigator8,540 ETB-6%
Insurance Manager14,800 ETB+64%
Insurance Operations Manager14,900 ETB+65%
Insurance Policy Processing Clerk3,270 ETB-64%
Insurance Pricing Assistant6,800 ETB-25%
Insurance Program Manager11,100 ETB+23%
Insurance Project Manager11,200 ETB+24%
Insurance Quality Assurance Agent7,800 ETB-14%
Insurance Sales Agent5,070 ETB-44%
Insurance Sales Director14,700 ETB+63%
Insurance Team Leader8,950 ETB-1%
Insurance Underwriter6,690 ETB-26%
Loss Control Specialist8,550 ETB-5%
Loss Prevention Investigator8,920 ETB-1%
Loss Prevention Manager12,100 ETB+34%
Loss Prevention Specialist9,490 ETB+5%
Marine Underwriter6,320 ETB-30%
Medical Auditor8,740 ETB-3%
Monitoring and Performance Officer6,020 ETB-33%
Payment Services Specialist8,600 ETB-5%
Policy Change Director13,400 ETB+48%
Policy Change Supervisor9,880 ETB+9%
Policy Change Technician4,300 ETB-52%
Risk Analyst9,320 ETB+3%
Risk Management Director17,300 ETB+91%
Risk Management Supervisor10,800 ETB+19%
Risk Manager15,600 ETB+73%
Risk Modeling Manager16,800 ETB+86%
Title Insurance Typist7,190 ETB-20%
Training Manager9,690 ETB+7%

Salary Comparison By City

CityAverage Salary
Adis Abeba9,390 ETB
Gonder8,580 ETB
Mekele8,050 ETB

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

Private Sector
8,190 ETB
Public Sector+14%
9,340 ETB
Percentage increase and decrease are relative to the previous value

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