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Insurance Average Salaries in Fiji 2024

How much money does a person working in Insurance make in Fiji?


Average Monthly Salary
4,760 FJD
( 57,200 FJD yearly)

LOW
1,790
FJD
AVERAGE
4,760
FJD
HIGH
9,300
FJD
All salary figures displayed here are per month except when noted otherwise.
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.

A person working in Insurance in Fiji typically earns around 4,760 FJD. Salaries range from 1,790 FJD (lowest average) to 9,300 FJD (highest average, actual maximum salary is higher).


Salary Variance

The provided figure represents the median compensation that encompasses housing, transportation, and other perks. The salaries within the Insurance domain in Fiji exhibit significant discrepancies across various professions. In case you seek information about the remuneration of a specific position, please refer to the salaries listed below for respective job titles.

Salaries for specific jobs

Job TitleAverage Salary
Insurance
Actuarial Analyst6,570 FJD
Actuarial Assistant4,500 FJD
Actuarial Specialist4,430 FJD
Actuary6,360 FJD
Adjustment Insurance Clerk1,700 FJD
Assistant Broker2,950 FJD
Assistant Claims Manager5,090 FJD
Associate Insurance Representative2,540 FJD
Auditing Insurance Manager7,290 FJD
Blockchain Insurance Auditor4,160 FJD
Broker4,580 FJD
Claim Advocacy Professional4,730 FJD
Claims Adjuster1,780 FJD
Claims Analyst2,420 FJD
Claims Examiner2,350 FJD
Claims Manager6,850 FJD
Claims Processor1,750 FJD
Claims Representative2,080 FJD
Claims Resolution Specialist4,940 FJD
Claims Supervisor4,550 FJD
Complaints Specialist4,120 FJD
Compliance Examiner4,410 FJD
Compliance Officer3,740 FJD
Compliance Reviewer4,230 FJD
Consultant4,640 FJD
Drone Claims Adjuster2,020 FJD
Eligibility Interviewer4,810 FJD
Eligibility Specialist4,940 FJD
Insurance Account Manager5,580 FJD
Insurance Accounts Executive5,150 FJD
Insurance Adjuster4,540 FJD
Insurance Agent2,830 FJD
Insurance Analyst4,690 FJD
Insurance Appraiser4,620 FJD
Insurance Claims Clerk1,660 FJD
Insurance Compliance Officer5,140 FJD
Insurance Data Scientist4,510 FJD
Insurance Examiner4,410 FJD
Insurance Fraud Investigator3,960 FJD
Insurance Investigator4,410 FJD
Insurance Manager7,980 FJD
Insurance Operations Manager8,230 FJD
Insurance Policy Processing Clerk1,690 FJD
Insurance Pricing Assistant3,730 FJD
Insurance Product Manager5,430 FJD
Insurance Program Manager6,440 FJD
Insurance Project Manager5,910 FJD
Insurance Quality Assurance Agent4,180 FJD
Insurance Sales Agent2,910 FJD
Insurance Sales Director7,810 FJD
Insurance Sales Manager6,360 FJD
Insurance Sales Representative2,480 FJD
Insurance Team Leader4,890 FJD
Insurance Underwriter3,510 FJD
Insurtech Analyst4,140 FJD
Loss Control Specialist4,580 FJD
Loss Prevention Investigator4,790 FJD
Loss Prevention Manager6,520 FJD
Loss Prevention Specialist5,130 FJD
Marine Underwriter3,410 FJD
Medical Auditor4,710 FJD
Monitoring and Performance Officer3,160 FJD
Parametric Insurance Specialist4,790 FJD
Payment Services Specialist4,620 FJD
Peer-to-Peer Insurance Manager5,820 FJD
Policy Change Director7,280 FJD
Policy Change Supervisor4,880 FJD
Policy Change Technician2,350 FJD
Risk Analyst5,140 FJD
Risk Management Director8,650 FJD
Risk Management Supervisor6,010 FJD
Risk Manager8,700 FJD
Risk Modeling Manager8,450 FJD
Social Media Risk Analyst4,730 FJD
Title Insurance Typist4,000 FJD
Training Manager5,140 FJD
Underwriting Assistant2,320 FJD


Insurance Jobs Pay Scale and Salaries in Fiji

Median and salary distribution Fiji Insurance monthly
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Salary Structure and Pay Scale Comparison

5% of people earn
4,990 FJD or more
10% of people earn
4,200 to 4,990 FJD
20% of people earn
2,490 FJD or less
65% of people earn
2,490 to 4,200 FJD
Minimum Salary
1,790 FJD
Median
4,490 FJD
Maximum
9,300 FJD




Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range

All salary figures displayed here are per month except when noted otherwise.
  • Salary Range, Minimum Wage, and Starting Salary

    Salaries in Insurance in Fiji range from 1,790 FJD (starting average salary) to 9,300 FJD (maximum average salary, actual maximum is higher). To clarify, the number presented is not the legally mandated minimum wage. Rather, it represents the lowest figure reported in a salary survey that involved thousands of participants and professionals from across the entire country.

  • Median Salary

    The median income in the field of Insurance is 4,490 FJD, implying that half of the workforce in Fiji earns less than this figure, and the other half earns more. It represents the central value of salaries. As a rule of thumb, you would prefer to be part of the group earning above the median wage, situated on the right-hand side of the salary distribution chart.

  • Percentiles and Salary Scale

    Two values that are highly correlated with the median are the 25th and 75th percentiles. By examining the salary distribution diagram, it is possible to determine that 25% of individuals employed in Insurance in Fiji earn less than 3,470 FJD, while 75% of them earn more. Additionally, the diagram reveals that 75% of individuals earn less than 5,430 FJD, while 25% earn more than that.

  • Pay Scale Structure

    Data was regrouped into brackets to provide a better understanding of what salaries can be expected. This approach was deemed more accurate than relying solely on the average salary, as it offers greater insights into the distribution of salaries in the field of Insurance in Fiji. The analysis revealed that roughly 65% of all reported salaries fell within the range of 2,490 FJD to 4,200 FJD. Approximately 20% of salaries were below the 2,490 FJD mark, while 10% ranged from 4,200 FJD to 4,990 FJD. Only 5% of individuals earned a gross salary of 4,990 FJD or higher.

Salary Comparison by Years of Experience

How does a person's salary progress over time?

Salary Comparison By Experience Level
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The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage.

Generally speaking, employees in Insurance in Fiji having experience from two to five years earn on average 32% more than freshers and juniors across all industries and disciplines.

Professionals with experience of more than five years tend to earn on average 36% more than those with five years or less of work experience.

As you hit the ten years mark, the salary increases by 21% and an additional 14% for those who have crossed the 15 years mark.

Those figures are presented as guidelines only. The numbers become more significant if you consider one job title at a time.


Change in salary based on experience varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of many different jobs. To view accurate figures, choose a specific job title.
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.


Salary Comparison By Education

How does the education level affect your salary?

Salary Comparison By Education
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Change in salary based on education varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of multiple jobs. To view accurate figures, choose a specific job title.

It is well known that higher education equals a bigger salary, but how much more money can a degree add to your income?

We compared the salaries of professionals at the same level but with different college degree levels across many jobs in Insurance in Fiji, below are our findings.

Workers with a certificate or diploma earn on average 17% more than their peers who only reached the high school level.

Employees who earned a Bachelor's Degree earn 24% more than those who only managed to attain a certificate or diploma.

Professionals who attained a Master's Degree are awarded salaries that are 29% more than those with a Bachelor's Degree.

Finally, PhD holders earn 23% more than Master's Degree holders on average while doing the same job.


Is a Master's degree or an MBA worth it? Should you pursue higher education?

A Master's degree program or any post-graduate program in Fiji costs anywhere from 24,100 FJD to 72,400 FJD and lasts approximately two years. That is quite an investment.

Employees can't expect any salary increases during the study period, assuming they already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.

Many people pursue higher education as a tactic to switch to a higher-paying job. The numbers seem to support this tactic. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

The decision really depends on the situation and experience among many other factors. Putting all variables aside, if a person can afford the costs of higher education then the return on investment is definitely worth it. Degree costs can be recovered roughly in a year or so.



Salary and Compensation Comparison By Gender / Insurance / Fiji

Salary comparison by gender Fiji Insurance monthly
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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? In the field of Insurance in Fiji, the average difference between the salary of male and female employees is 11%.

Male
5,010 FJD
Female-10%
4,520 FJD
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Fiji for all Careers

Salary comparison by gender monthly Fiji
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Average Annual Salary Increment Percentage / Insurance / Fiji

How much are annual salary increments in Fiji for individuals working in Insurance? How often do employees get salary raises?

Professionals working in Insurance in Fiji are likely to observe a salary increase of approximately 6% every 27 months. The national average annual increment for all professions combined is 5% granted to employees every 28 months.

Annual Salary Increment Rate Fiji Insurance
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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.

Fiji / All Professions

Annual Salary Increment Rate Fiji
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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.

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 Fiji is 2%.

Worldwide Salary Raises: All Countries and All Jobs

World Average Annual Salary Increment
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Salary Packages and Schemes

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.

Bonus and Incentive Rates / Insurance / Fiji

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Fiji Insurance
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61% of surveyed staff in Insurance reported that they haven't received any bonuses or incentives in the previous year while 39% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 2% to 7% of their annual salary.

Received Bonus
39%
No Bonus
61%

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.

Hourly Average Wage / Insurance / Fiji


27 FJD per hour

The average hourly wage (pay per hour) in Insurance in Fiji is 27 FJD.This is the rate they get paid for every worked hour.


Hourly Wage = Annual Salary / ( 52 x 5 x 8 )

About The Hourly Pay Rate

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.

What is the minimum hourly rate of pay?

The minimum pay rate per hour for people working in Insurance in Fiji is 10 FJD. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

Salary Comparison By City

CityAverage Salary
Suva5,090 FJD

Government vs Private Sector Salary Comparison

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 Fiji is 25% on average across all career fields.

Private Sector
4,300 FJD
Public Sector+25%
5,360 FJD
Percentage increase and decrease are relative to the previous value

Salary Statistics and Calculation Guide

What is considered to be a good and competitive salary in Insurance in Fiji?

A good and competitive compensation would range anywhere between 4,490 FJD and 5,430 FJD. This is a very rough estimate. Experience and education play a very huge part in the final earnings.

Gross Salary (before tax) and Net Salary (after tax)

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.

Base / Basic Salary

The base salary for jobs in Insurance in Fiji ranges from 1,790 FJD to 3,470 FJD. 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.


What is the difference between the median and the average salary?

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


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