Insurtech Analyst Average Salary in Abu Dhabi 2024
How much money does a person working as Insurtech Analyst make in Abu Dhabi?
LOW
7,170
AED AVERAGE
13,800
AED HIGH
21,100
AED
A person working as Insurtech Analyst in Abu Dhabi typically earns around 13,800 AED. Salaries range from 7,170 AED (lowest) to 21,100 AED (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Insurtech Analyst salaries in Abu Dhabi vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Insurtech Analyst Pay Scale and Salaries in Abu Dhabi
Salary Structure and Pay Scale Comparison
12,500 AED or more
11,100 to 12,500 AED
8,120 AED or less
8,120 to 11,100 AED
 7,170 AED |
12,500 AED |
21,100 AED |
Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range
Salary Range, Minimum Wage, and Starting Salary
Salaries for the position Insurtech Analyst in Abu Dhabi range from 7,170 AED (starting salary) to 21,100 AED (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.
Median Salary
With a median salary of 12,500 AED, half of the professionals who work as Insurtech Analyst in Abu Dhabi earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.
Percentiles and Salary Scale
The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as Insurtech Analyst in Abu Dhabi earn less than 10,400 AED, while 75% earn more. Similarly, the chart shows that 75% earn less than 14,200 AED while 25% earn more.
Pay Scale Structure
To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title Insurtech Analyst in Abu Dhabi compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 8,120 AED to 11,100 AED. About 20% of salaries are below the 8,120 AED mark, while 10% fall within the range of 11,100 AED to 12,500 AED. Only 5% of individuals have salaries exceeding 12,500 AED.
Salary Comparison by Years of Experience / Insurtech Analyst / Abu Dhabi
How do experience and age affect pay?
| 0 - 2 Years | 8,150 AED | |
| 2 - 5 Years | +34% | 10,900 AED |
| 5 - 10 Years | +30% | 14,200 AED |
| 10 - 15 Years | +21% | 17,200 AED |
| 15 - 20 Years | +9% | 18,800 AED |
| 20+ Years | +5% | 19,800 AED |
The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage. We broke down salaries by experience level for people working as Insurtech Analyst and this is what we found.
Employees with less than two years of experience earn approximately 8,150 AED.
While someone with an experience level between two and five years is expected to earn 10,900 AED, 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 14,200 AED, 30% more than someone with two to five years of experience.
Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 17,200 AED, 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 18,800 AED, 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 19,800 AED, 5% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / Insurtech Analyst / Abu Dhabi
How do education levels affect salaries?
Displayed below is the average salary variance between different education levels of professionals working as Insurtech Analyst.
| High School | 9,820 AED | |
| Certificate or Diploma | +14% | 11,200 AED |
| Bachelor's Degree | +41% | 15,800 AED |
| Master's Degree | +21% | 19,200 AED |
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 salaries by education level for the position Insurtech Analyst in order to make a comparison.
Level 1: High School
Employees at this education level have an average salary of 9,820 AED.
Level 2: Certificate or Diploma
At this level, the average salary becomes 11,200 AED, 14% more than the previous level.
Level 3: Bachelor's Degree
At this level, the average salary becomes 15,800 AED, 41% more than the previous level.
Level 4: Master's Degree
At this level, the average salary becomes 19,200 AED, 21% more than the previous level.
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 United Arab Emirates costs anywhere from 71,700 AED to 215,000 AED and lasts approximately two years. That is quite an investment.
You can't really expect any salary increases during the study period, assuming you 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 the theory. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.
If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.
Typical Salary Difference by Education for Most Careers
Salary and Compensation Comparison By Gender / Insurtech Analyst / Abu Dhabi
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? For the people who work as Insurtech Analyst in United Arab Emirates, the average difference between the salary of male and female employees is 6%.
| Male | 13,200 AED | |
| Female | -5% | 12,500 AED |
Salary Comparison By Gender in United Arab Emirates for all Careers
Average Annual Salary Increment Percentage / Insurtech Analyst / Abu Dhabi
How much are annual salary increments in Abu Dhabi for individuals working as Insurtech Analyst? How often do employees get salary raises?
Individuals working as Insurtech Analyst in United Arab Emirates are likely to observe a salary increase of approximately % every months. The national average annual increment for all professions combined is 8% granted to employees every 17 months.
United Arab Emirates / All Professions
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
Worldwide Salary Raises: All Countries and All Jobs
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 / Insurtech Analyst / United Arab Emirates
How much and how often are bonuses being awarded?
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100% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while % said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from % to % of their annual salary.
| Received Bonus | % | |
| No Bonus | 100% |
Types of Bonuses Considered
Individual Performance-Based BonusesThe most standard form of bonus, where the employee is awarded based on their exceptional performance.
Company Performance BonusesOccasionally, 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 BonusesGranted upon achieving an important goal or milestone.
Holiday / End of Year BonusesThese 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 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. |
Example: | Example: |
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.
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.
Average Hourly Wage / Insurtech Analyst / Abu Dhabi
80 AED per hourThe average hourly wage (pay per hour) for individuals working as Insurtech Analyst in Abu Dhabi is 80 AED.This is the rate they get paid for every worked hour.
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 as Insurtech Analyst in Abu Dhabi is 41 AED. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.
Salary comparison with similar jobs
| Job Title | Average Salary |
| Insurance |  -100% | |
| Actuarial Analyst | 21,400 AED |  +55% |
| Actuarial Assistant | 15,000 AED | +9% |
| Actuarial Specialist | 14,100 AED | +2% |
| Actuary | 22,200 AED | +61% |
| Adjustment Insurance Clerk | 4,740 AED | -66% |
| Assistant Broker | 9,480 AED | -31% |
| Assistant Claims Manager | 16,700 AED | +21% |
| Associate Insurance Representative | 7,120 AED | -48% |
| Auditing Insurance Manager | 23,900 AED | +73% |
| Blockchain Insurance Auditor | 14,400 AED | +4% |
| Broker | 16,000 AED | +16% |
| Claim Advocacy Professional | 15,800 AED | +15% |
| Claims Adjuster | 5,010 AED | -64% |
| Claims Analyst | 7,070 AED | -49% |
| Claims Examiner | 7,270 AED | -47% |
| Claims Manager | 22,800 AED | +65% |
| Claims Processor | 5,050 AED | -63% |
| Claims Representative | 6,100 AED | -56% |
| Claims Resolution Specialist | 17,600 AED | +28% |
| Claims Supervisor | 14,900 AED | +8% |
| Complaints Specialist | 14,800 AED | +7% |
| Compliance Examiner | 14,300 AED | +4% |
| Compliance Officer | 12,300 AED | -11% |
| Compliance Reviewer | 14,500 AED | +5% |
| Consultant | 15,200 AED | +10% |
| Drone Claims Adjuster | 6,110 AED | -56% |
| Eligibility Interviewer | 17,200 AED | +25% |
| Eligibility Specialist | 15,500 AED | +12% |
| Insurance Account Manager | 20,100 AED | +46% |
| Insurance Accounts Executive | 16,500 AED | +20% |
| Insurance Adjuster | 14,900 AED | +8% |
| Insurance Agent | 8,580 AED | -38% |
| Insurance Analyst | 15,500 AED | +12% |
| Insurance Appraiser | 15,300 AED | +11% |
| Insurance Claims Clerk | 4,890 AED | -65% |
| Insurance Compliance Officer | 17,100 AED | +24% |
| Insurance Data Scientist | 14,100 AED | +2% |
| Insurance Examiner | 14,600 AED | +6% |
| Insurance Fraud Investigator | 12,900 AED | -6% |
| Insurance Investigator | 14,000 AED | +2% |
| Insurance Manager | 27,600 AED | +100% |
| Insurance Operations Manager | 27,900 AED | +100% |
| Insurance Policy Processing Clerk | 4,800 AED | -65% |
| Insurance Pricing Assistant | 12,300 AED | -11% |
| Insurance Product Manager | 19,300 AED | +40% |
| Insurance Program Manager | 20,100 AED | +46% |
| Insurance Project Manager | 19,700 AED | +43% |
| Insurance Quality Assurance Agent | 13,400 AED | -3% |
| Insurance Sales Agent | 8,780 AED | -36% |
| Insurance Sales Director | 27,200 AED | +97% |
| Insurance Sales Manager | 20,400 AED | +48% |
| Insurance Sales Representative | 7,700 AED | -44% |
| Insurance Team Leader | 16,200 AED | +17% |
| Insurance Underwriter | 11,300 AED | -18% |
| Insurtech Analyst | 13,800 AED | +0% |
| Loss Control Specialist | 15,000 AED | +9% |
| Loss Prevention Investigator | 16,700 AED | +21% |
| Loss Prevention Manager | 22,300 AED | +62% |
| Loss Prevention Specialist | 16,400 AED | +19% |
| Marine Underwriter | 10,800 AED | -22% |
| Medical Auditor | 15,700 AED | +14% |
| Monitoring and Performance Officer | 10,900 AED | -21% |
| Parametric Insurance Specialist | 14,800 AED | +7% |
| Payment Services Specialist | 16,100 AED | +17% |
| Peer-to-Peer Insurance Manager | 19,900 AED | +44% |
| Policy Change Director | 26,300 AED | +91% |
| Policy Change Supervisor | 16,400 AED | +19% |
| Policy Change Technician | 6,760 AED | -51% |
| Risk Analyst | 18,500 AED | +34% |
| Risk Management Director | 30,800 AED | +120% |
| Risk Management Supervisor | 19,900 AED | +44% |
| Risk Manager | 31,200 AED | +130% |
| Risk Modeling Manager | 29,000 AED | +110% |
| Social Media Risk Analyst | 15,600 AED | +13% |
| Title Insurance Typist | 13,500 AED | -2% |
| Training Manager | 17,700 AED | +28% |
| Underwriting Assistant | 6,890 AED | -50% |
Salary Comparison By City
| City | Average Salary |
| Abu Dhabi | 13,800 AED |
| Al Ain | 14,100 AED |
| Dubai | 14,400 AED |
| Fujairah | 12,600 AED |
| Ras Al Khaimah | 12,100 AED |
| Sharjah | 14,000 AED |
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 United Arab Emirates is 6% on average across all career fields.
| Private Sector | 13,800 AED | |
| Public Sector | +6% | 14,700 AED |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for the job title Insurtech Analyst in Abu Dhabi?
A good and competitive compensation would range anywhere between 12,500 AED and 14,200 AED. 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 a careers like Insurtech Analyst in Abu Dhabi ranges from 7,170 AED to 10,400 AED. 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
