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Insurance Appraiser Average Salary in Angola 2020

How much money does an Insurance Appraiser make in Angola?


Average Monthly Salary
272,000 AOA
( 3,270,000 AOA yearly)

LOW
136,000
AOA
AVERAGE
272,000
AOA
HIGH
422,000
AOA

A person working as an Insurance Appraiser in Angola typically earns around 272,000 AOA per month. Salaries range from 136,000 AOA (lowest) to 422,000 AOA (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 Angola

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

  • Salary Range

    Insurance Appraiser salaries in Angola range from 136,000 AOA per month (minimum salary) to 422,000 AOA per month (maximum salary).

  • Median Salary

    The median salary is 272,000 AOA per month, which means that half (50%) of people working as Insurance Appraiser(s) are earning less than 272,000 AOA while the other half are earning more than 272,000 AOA. 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 184,000 AOA while 75% of them are earning more than 184,000 AOA. Also from the diagram, 75% of Insurance Appraiser(s) are earning less than 347,000 AOA while 25% are earning more than 347,000 AOA.


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 Angola 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 163,000 AOA per month.

While someone with an experience level between two and five years is expected to earn 216,000 AOA per month, 32% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 289,000 AOA per month, 34% 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 345,000 AOA per month, 19% 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 372,000 AOA per month, 8% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 399,000 AOA per month, 7% more than people with fifteen to twenty years of experience.


Insurance Appraiser average salary change by experience in Angola

0 - 2 Years
163,000 AOA
2 - 5 Years+32%
216,000 AOA
5 - 10 Years+34%
289,000 AOA
10 - 15 Years+19%
345,000 AOA
15 - 20 Years+8%
372,000 AOA
20+ Years+7%
399,000 AOA
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 Angola 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 242,000 AOA per month.

While someone with a Bachelor's Degree gets a salary of 376,000 AOA per month, 56% more than someone having a Certificate or Diploma degree.


Insurance Appraiser average salary difference by education level in Angola

Certificate or Diploma
242,000 AOA
Bachelor's Degree+56%
376,000 AOA
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 Angola 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 Angola earn 7% more than their female counterparts on average.

Male
280,000 AOA
Female-6%
262,000 AOA
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Angola for all Careers

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

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

Insurance Appraiser

Insurance Appraiser(s) in Angola are likely to observe a salary increase of approximately 10% every 21 months. The national average annual increment for all professions combined is 7% granted to employees every 20 months.

Annual Salary Increment Rate Angola 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.

Angola / 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 Angola is 4%.

Annual Increment Rate By Industry 2019

Banking
7%
Energy
5%
Information Technology
3%
Healthcare
1%
Travel
8%
Construction
6%
Education
4%

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

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

74% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 26% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 0% to 3% of their annual salary.

Received Bonus
26%
No Bonus
74%

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 Angola


1,570 AOA per hour

The average hourly wage (pay per hour) in Angola is 1,570 AOA. This means that the average Insurance Appraiser in Angola earns approximately 1,570 AOA 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 Angola
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The average salary for Insurance Appraiser is 4% 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 Analyst357,000 AOA+31%
Actuarial Assistant253,000 AOA-7%
Actuary378,000 AOA+39%
Adjustment Insurance Clerk98,500 AOA-64%
Assistant Broker175,000 AOA-36%
Assistant Claims Manager283,000 AOA+4%
Associate Insurance Representative139,000 AOA-49%
Auditing Insurance Manager397,000 AOA+46%
Broker280,000 AOA+3%
Claim Advocacy Professional271,000 AOA-0%
Claims Adjuster99,900 AOA-63%
Claims Analyst141,000 AOA-48%
Claims Examiner142,000 AOA-48%
Claims Manager388,000 AOA+43%
Claims Processor103,000 AOA-62%
Claims Representative121,000 AOA-56%
Claims Resolution Specialist293,000 AOA+8%
Claims Supervisor276,000 AOA+1%
Complaints Specialist250,000 AOA-8%
Compliance Officer229,000 AOA-16%
Consultant281,000 AOA+3%
Eligibility Specialist281,000 AOA+3%
Insurance Account Manager325,000 AOA+19%
Insurance Accounts Executive304,000 AOA+12%
Insurance Agent160,000 AOA-41%
Insurance Analyst276,000 AOA+1%
Insurance Appraiser272,000 AOA-0%
Insurance Claims Clerk102,000 AOA-63%
Insurance Examiner252,000 AOA-7%
Insurance Investigator261,000 AOA-4%
Insurance Manager463,000 AOA+70%
Insurance Operations Manager459,000 AOA+69%
Insurance Policy Processing Clerk104,000 AOA-62%
Insurance Pricing Assistant207,000 AOA-24%
Insurance Program Manager358,000 AOA+32%
Insurance Project Manager359,000 AOA+32%
Insurance Quality Assurance Agent237,000 AOA-13%
Insurance Sales Agent167,000 AOA-39%
Insurance Sales Director439,000 AOA+61%
Insurance Team Leader292,000 AOA+7%
Insurance Underwriter200,000 AOA-27%
Loss Control Specialist273,000 AOA+0%
Loss Prevention Investigator296,000 AOA+9%
Loss Prevention Manager378,000 AOA+39%
Loss Prevention Specialist278,000 AOA+2%
Marine Underwriter207,000 AOA-24%
Medical Auditor273,000 AOA+0%
Monitoring and Performance Officer198,000 AOA-27%
Payment Services Specialist286,000 AOA+5%
Policy Change Director443,000 AOA+63%
Policy Change Supervisor308,000 AOA+13%
Policy Change Technician126,000 AOA-54%
Risk Analyst295,000 AOA+8%
Risk Management Director515,000 AOA+89%
Risk Management Supervisor335,000 AOA+23%
Risk Manager502,000 AOA+84%
Risk Modeling Manager506,000 AOA+86%
Title Insurance Typist231,000 AOA-15%
Training Manager306,000 AOA+12%

Salary Comparison By City

CityAverage Salary
Benguela252,000 AOA
Cabinda246,000 AOA
Huambo290,000 AOA
Lobito264,000 AOA
Luanda289,000 AOA
Lubango255,000 AOA

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 Angola earn 8% more than their private sector counterparts on average across all sectors.

Private Sector
254,000 AOA
Public Sector+8%
275,000 AOA
Percentage increase and decrease are relative to the previous value

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