Claims Processor Average Salary in Riyadh 2024
How much money does a person working as Claims Processor make in Riyadh?
LOW
3,310
SAR AVERAGE
6,240
SAR HIGH
9,480
SAR
A person working as Claims Processor in Riyadh typically earns around 6,240 SAR. Salaries range from 3,310 SAR (lowest) to 9,480 SAR (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Claims Processor salaries in Riyadh vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Claims Processor Pay Scale and Salaries in Riyadh
Salary Structure and Pay Scale Comparison
5,600 SAR or more
5,000 to 5,600 SAR
3,690 SAR or less
3,690 to 5,000 SAR
 3,310 SAR |
5,620 SAR |
9,480 SAR |
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 Claims Processor in Riyadh range from 3,310 SAR (starting salary) to 9,480 SAR (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 5,620 SAR, half of the professionals who work as Claims Processor in Riyadh 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 Claims Processor in Riyadh earn less than 4,690 SAR, while 75% earn more. Similarly, the chart shows that 75% earn less than 6,370 SAR 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 Claims Processor in Riyadh compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 3,690 SAR to 5,000 SAR. About 20% of salaries are below the 3,690 SAR mark, while 10% fall within the range of 5,000 SAR to 5,600 SAR. Only 5% of individuals have salaries exceeding 5,600 SAR.
Salary Comparison by Years of Experience / Claims Processor / Riyadh
How do experience and age affect pay?
| 0 - 2 Years | 3,800 SAR | |
| 2 - 5 Years | +23% | 4,670 SAR |
| 5 - 10 Years | +42% | 6,610 SAR |
| 10 - 15 Years | +17% | 7,720 SAR |
| 15 - 20 Years | +10% | 8,490 SAR |
| 20+ Years | +6% | 8,990 SAR |
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 Claims Processor and this is what we found.
Employees with less than two years of experience earn approximately 3,800 SAR.
While someone with an experience level between two and five years is expected to earn 4,670 SAR, 23% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 6,610 SAR, 42% 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 7,720 SAR, 17% 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 8,490 SAR, 10% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 8,990 SAR, 6% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / Claims Processor / Riyadh
How do education levels affect salaries?
Displayed below is the average salary variance between different education levels of professionals working as Claims Processor.
| Certificate or Diploma | 5,040 SAR | |
| Bachelor's Degree | +47% | 7,380 SAR |
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 Claims Processor in order to make a comparison.
Level 1: Certificate or Diploma
Employees at this education level have an average salary of 5,040 SAR.
Level 2: Bachelor's Degree
At this level, the average salary becomes 7,380 SAR, 47% more than the previous level.
Typical Salary Difference by Education for Most Careers
Salary and Compensation Comparison By Gender / Claims Processor / Riyadh
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 Claims Processor in Saudi Arabia, the average difference between the salary of male and female employees is 6%.
| Male | 5,860 SAR | |
| Female | -6% | 5,510 SAR |
Salary Comparison By Gender in Saudi Arabia for all Careers
Average Annual Salary Increment Percentage / Claims Processor / Riyadh
How much are annual salary increments in Riyadh for individuals working as Claims Processor? How often do employees get salary raises?
Individuals working as Claims Processor in Saudi Arabia 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.
Saudi Arabia / 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 / Claims Processor / Saudi Arabia
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 / Claims Processor / Riyadh
36 SAR per hourThe average hourly wage (pay per hour) for individuals working as Claims Processor in Riyadh is 36 SAR.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 Claims Processor in Riyadh is 19 SAR. 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 | 23,600 SAR |  +280% |
| Actuarial Assistant | 15,800 SAR | +150% |
| Actuarial Specialist | 16,900 SAR | +170% |
| Actuary | 23,600 SAR | +280% |
| Adjustment Insurance Clerk | 6,240 SAR | +0% |
| Assistant Broker | 11,200 SAR | +80% |
| Assistant Claims Manager | 18,100 SAR | +190% |
| Associate Insurance Representative | 8,730 SAR | +40% |
| Auditing Insurance Manager | 26,300 SAR | +320% |
| Blockchain Insurance Auditor | 16,300 SAR | +160% |
| Broker | 16,800 SAR | +170% |
| Claim Advocacy Professional | 17,700 SAR | +180% |
| Claims Adjuster | 6,240 SAR | +0% |
| Claims Analyst | 9,190 SAR | +47% |
| Claims Examiner | 8,730 SAR | +40% |
| Claims Manager | 25,000 SAR | +300% |
| Claims Processor | 6,240 SAR | +0% |
| Claims Representative | 7,490 SAR | +20% |
| Claims Resolution Specialist | 18,100 SAR | +190% |
| Claims Supervisor | 17,500 SAR | +180% |
| Complaints Specialist | 16,200 SAR | +160% |
| Compliance Examiner | 16,600 SAR | +170% |
| Compliance Officer | 14,200 SAR | +130% |
| Compliance Reviewer | 15,600 SAR | +150% |
| Consultant | 17,500 SAR | +180% |
| Drone Claims Adjuster | 7,490 SAR | +20% |
| Eligibility Interviewer | 17,900 SAR | +190% |
| Eligibility Specialist | 16,800 SAR | +170% |
| Insurance Account Manager | 21,700 SAR | +250% |
| Insurance Accounts Executive | 18,100 SAR | +190% |
| Insurance Adjuster | 16,400 SAR | +160% |
| Insurance Agent | 10,500 SAR | +68% |
| Insurance Analyst | 17,300 SAR | +180% |
| Insurance Appraiser | 17,700 SAR | +180% |
| Insurance Claims Clerk | 6,240 SAR | +0% |
| Insurance Compliance Officer | 19,000 SAR | +200% |
| Insurance Data Scientist | 16,300 SAR | +160% |
| Insurance Examiner | 16,200 SAR | +160% |
| Insurance Fraud Investigator | 14,000 SAR | +120% |
| Insurance Investigator | 15,800 SAR | +150% |
| Insurance Manager | 29,900 SAR | +380% |
| Insurance Operations Manager | 28,700 SAR | +360% |
| Insurance Policy Processing Clerk | 6,570 SAR | +5% |
| Insurance Pricing Assistant | 13,900 SAR | +120% |
| Insurance Product Manager | 20,700 SAR | +230% |
| Insurance Program Manager | 23,100 SAR | +270% |
| Insurance Project Manager | 22,300 SAR | +260% |
| Insurance Quality Assurance Agent | 15,200 SAR | +140% |
| Insurance Sales Agent | 9,980 SAR | +60% |
| Insurance Sales Director | 27,400 SAR | +340% |
| Insurance Sales Manager | 23,000 SAR | +270% |
| Insurance Sales Representative | 9,190 SAR | +47% |
| Insurance Team Leader | 17,700 SAR | +180% |
| Insurance Underwriter | 13,100 SAR | +110% |
| Insurtech Analyst | 15,500 SAR | +150% |
| Loss Control Specialist | 16,200 SAR | +160% |
| Loss Prevention Investigator | 18,400 SAR | +200% |
| Loss Prevention Manager | 24,500 SAR | +290% |
| Loss Prevention Specialist | 18,800 SAR | +200% |
| Marine Underwriter | 13,100 SAR | +110% |
| Medical Auditor | 17,700 SAR | +180% |
| Monitoring and Performance Officer | 12,500 SAR | +100% |
| Parametric Insurance Specialist | 16,700 SAR | +170% |
| Payment Services Specialist | 17,700 SAR | +180% |
| Peer-to-Peer Insurance Manager | 21,300 SAR | +240% |
| Policy Change Director | 26,200 SAR | +320% |
| Policy Change Supervisor | 19,000 SAR | +200% |
| Policy Change Technician | 8,110 SAR | +30% |
| Risk Analyst | 18,700 SAR | +200% |
| Risk Management Director | 34,100 SAR | +450% |
| Risk Management Supervisor | 21,000 SAR | +240% |
| Risk Manager | 32,800 SAR | +430% |
| Risk Modeling Manager | 31,200 SAR | +400% |
| Social Media Risk Analyst | 17,500 SAR | +180% |
| Title Insurance Typist | 15,100 SAR | +140% |
| Training Manager | 19,500 SAR | +210% |
| Underwriting Assistant | 8,930 SAR | +43% |
Salary Comparison By City
| City | Average Salary |
| Jeddah | 6,550 SAR |
| Riyadh | 6,240 SAR |
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 Saudi Arabia is 7% on average across all career fields.
| Private Sector | 16,100 SAR | |
| Public Sector | +7% | 17,300 SAR |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for the job title Claims Processor in Riyadh?
A good and competitive compensation would range anywhere between 5,620 SAR and 6,370 SAR. 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 Claims Processor in Riyadh ranges from 3,310 SAR to 4,690 SAR. 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
