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Insurance Average Salaries in Frankfurt 2019

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

4,923 EUR per month
Average Monthly Salary
A person working in Insurance in Frankfurt typically earns around 4,923 EUR per month.
This is the average monthly salary including housing, transport, and other benefits.
Salaries differ drasticly between different Insurance jobs. If you are interested in the salary of a particular job, see below for salaries for specific job titles.

Salaries for specific jobs

Job TitleAverage Salary
Actuarial Analyst5,557 EUR
Actuarial Assistant4,282 EUR
Actuary5,421 EUR
Adjustment Insurance Clerk3,145 EUR
Assistant Broker4,362 EUR
Assistant Claims Manager5,087 EUR
Associate Insurance Representative3,654 EUR
Auditing Insurance Manager6,875 EUR
Broker4,717 EUR
Claim Advocacy Professional4,736 EUR
Claims Adjuster3,156 EUR
Claims Analyst3,739 EUR
Claims Examiner3,742 EUR
Claims Manager5,703 EUR
Claims Processor3,450 EUR
Claims Representative3,635 EUR
Claims Resolution Specialist5,005 EUR
Claims Supervisor4,602 EUR
Complaints Specialist4,518 EUR
Compliance Officer3,984 EUR
Consultant4,791 EUR
Eligibility Specialist4,584 EUR
Insurance Account Manager5,186 EUR
Insurance Accounts Executive4,903 EUR
Insurance Agent3,880 EUR
Insurance Analyst4,860 EUR
Insurance Appraiser4,603 EUR
Insurance Claims Clerk3,185 EUR
Insurance Examiner4,501 EUR
Insurance Investigator4,551 EUR
Insurance Manager6,147 EUR
Insurance Operations Manager6,264 EUR
Insurance Policy Processing Clerk3,418 EUR
Insurance Pricing Assistant4,101 EUR
Insurance Program Manager5,376 EUR
Insurance Project Manager5,509 EUR
Insurance Quality Assurance Agent4,337 EUR
Insurance Sales Agent3,654 EUR
Insurance Sales Director5,523 EUR
Insurance Team Leader5,210 EUR
Insurance Underwriter3,917 EUR
Loss Control Specialist4,506 EUR
Loss Prevention Investigator4,773 EUR
Loss Prevention Manager5,365 EUR
Loss Prevention Specialist5,231 EUR
Marine Underwriter4,487 EUR
Medical Auditor4,750 EUR
Monitoring and Performance Officer3,744 EUR
Payment Services Specialist4,603 EUR
Policy Change Director6,119 EUR
Policy Change Supervisor5,189 EUR
Policy Change Technician3,816 EUR
Risk Analyst5,000 EUR
Risk Management Director6,482 EUR
Risk Management Supervisor5,535 EUR
Risk Manager6,467 EUR
Risk Modeling Manager6,307 EUR
Title Insurance Typist4,132 EUR
Training Manager5,392 EUR

Insurance Jobs Salary Distribution in Frankfurt

Median and salary distribution monthly Frankfurt Insurance

Abount These Figures: Salary Range, Median and Percentiles

The Insurance salaries in Frankfurt range between 3,284 EUR per month (minimum salary) to 7,299 EUR per month (maximum salary).

The median salary is 4,972 EUR per month, which means that half (50%) of people working in Insurance are earning less than 4,972 EUR while the other half are earning more than 4,972 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 people working in Insurance are earning less than 3,715 EUR while 75% of them are earning more than 3,715 EUR. Also from the diagram, 75% of people working in Insurance are earning less than 6,258 EUR while 25% are earning more than 6,258 EUR.

What is the difference between the median and the average salary? What should you be looking at?

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 plently of room for improvement. If your wage is in between the average and median, then things can be a bit confusing. We have written a guide to explain all the different senarios. How to compare your salary

Insurance Salary Forecast and Trend in Frankfurt

How do Insurance salaries change over time? Listed below is a chart that shows the average salary in recent years.

Salary trends and forecast monthly Frankfurt Insurance
Average Salary 2016    =  
4,531 EUR
Average Salary 2017    +4%  
4,699 EUR
Average Salary 2018    +3%  
4,831 EUR
Average Salary 2019    +2%  
4,923 EUR
Percentage increase and decrease are relative to the previous value
Insurance salaries in Frankfurt are rising in the year 2019 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2019 are 2% higher than those of 2018. The trend suggests a slow yet continous increase in pay in 2020 and future years. These numbers differ slightly from industry to another.

Insurance Hourly Average Wage in Frankfurt

28 EUR per hour
Average Hourly Wage

The average hourly wage (pay per hour) in Frankfurt for Insurance is 28 EUR. This means that the average person in Frankfurt earns approximatly 28 EUR for every worked hour.

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

The hourly wage is the salary paid in one working 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 annual vacation allowance. The figures mentioned above are good approximation and they are considered to the be the standard.

Insurance VS Other Jobs

Salary Comparison Between Insurance and Insurance monthly FrankfurtWe compared Frankfurt salaries for Insurance and All Jobs and we found that Insurance salaries are 0% less than those of All Jobs.

Frankfurt VS Germany

Salary Comparison Between Frankfurt and Germany monthly InsuranceWe compared Insurance salaries in Frankfurt and Germany and we found that Frankfurt salaries are 6% more than those of Germany.

Salary Comparison By City

CityAverage Salary
Berlin5,274 EUR
Bremen4,574 EUR
Dortmund4,467 EUR
Dresden4,306 EUR
Dusseldorf4,849 EUR
Essen4,658 EUR
Frankfurt4,923 EUR
Hamburg5,187 EUR
Hannover4,204 EUR
Koln5,011 EUR
Leipzig4,395 EUR
Munchen5,099 EUR
Nurnberg4,123 EUR
Stuttgart4,742 EUR
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