INSURANCE / SALARY
KENYA

SALARY SURVEYS

18

UPDATED
April 2024
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AVERAGE SALARY / YEAR

MOST TYPICAL SALARY / YEAR

Gross income

Net (after tax)

157.53 KES = 1 USD

3,124,456 KES

$19,834 USD

Nairobi

3,359,491 KES

630,121 KES

$4,000 USD

Including "Nairobi"

Excluding "Nairobi"

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Average Salary / Insurance / Kenya

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Average salary for Insurance / Kenya is 3,124,456 KES per year. The most typical earning is 630,121 KES. All data are based on 18 salary surveys. Salaries are different between men and women. Men receive an average salary of 3,339,642 KES. Women receive a salary of 2,772,533 KES.

Based on education, the highest salaries receive people with Masters Degree with salary of 8,522,389 KES. The second most paid education level is Bachelors Degree with salary of 2,158,165 KES.

Different experiences affect earning as well. People with 20+ Years of experience receive salary of 7,813,503 KES. Employees with 8-12 Years of experience receive 7,057,357 KES.

Levels / Insurance / Kenya (Gross KES)

Salary Levels (KES) per Year	Surveys	[%]
157,500 KES - 314,899 KES	0	n/a
315,100 KES - 472,399 KES	0	n/a
THE MOST TYPICAL SALARY
472,600 KES - 787,499 KES	4	100% 22.22%
787,700 KES - 1,575,099 KES	4	77.78% 22.22%
1,575,300 KES - 2,362,799 KES	4	55.56% 22.22%
2,363,000 KES - 3,150,399 KES	1	33.33% 5.56%
3,150,600 KES - 3,938,099 KES	1	27.78% 5.56%
3,938,300 KES - 4,725,799 KES	0	n/a
4,725,900 KES - 5,513,399 KES	1	22.22% 5.56%
5,513,600 KES - 6,301,099 KES	0	n/a
6,301,200 KES - 7,088,699 KES	1	16.67% 5.56%
7,088,900 KES - 7,876,399 KES	0	n/a
7,876,500 KES - 8,663,999 KES	0	n/a
8,664,200 KES - 9,451,699 KES	1	11.11% 5.56%
9,451,800 KES - 10,239,299 KES	0	n/a
10,239,500 KES - 11,026,999 KES	0	n/a
11,027,100 KES - 11,814,599 KES	0	n/a
11,814,800 KES - 12,602,299 KES	0	n/a
12,602,400 KES - 13,389,899 KES	0	n/a
13,390,100 KES - 14,177,599 KES	1	5.56% 5.56%
14,177,700 KES - 14,965,199 KES	0	n/a
14,965,400 KES - 15,752,899 KES	0	n/a
15,753,000 KES - 16,540,499 KES	0	n/a
16,540,700 KES - 17,328,199 KES	0	n/a
17,328,300 KES - 18,115,799 KES	0	n/a
18,116,000 KES - 18,903,499 KES	0	n/a
18,903,600 KES - 19,691,099 KES	0	n/a
19,691,300 KES - 20,478,799 KES	0	n/a
20,478,900 KES - 21,266,399 KES	0	n/a
21,266,600 KES - 22,054,099 KES	0	n/a
22,054,200 KES - 22,841,699 KES	0	n/a
22,841,900 KES - 23,629,399 KES	0	n/a
HIGH SALARIES
23,629,500 KES - 25,204,699 KES	0	n/a
25,204,800 KES - 26,779,999 KES	0	n/a
26,780,200 KES - 28,355,299 KES	0	n/a
28,355,500 KES - 29,930,599 KES	0	n/a
29,930,800 KES - 31,505,899 KES	0	n/a
31,506,100 KES - 33,081,199 KES	0	n/a
33,081,400 KES - 34,656,499 KES	0	n/a
34,656,700 KES - 36,231,799 KES	0	n/a
36,232,000 KES - 37,807,099 KES	0	n/a
37,807,300 KES - 39,382,399 KES	0	n/a
39,382,600 KES - 55,135,599 KES	0	n/a

Gender / Insurance / Kenya (Gross KES)

#		Surveys		AVERAGE SALARY / YEAR
1	Men	11	3,339,642 KES
2	Women	7	2,772,533 KES

Education / Insurance / Kenya (Gross KES)

#		Surveys
1	Masters Degree	3	8,522,389 KES
2	Bachelors Degree	13	2,158,165 KES
3	Doctorate Degree	1	1,827,351 KES
4	Some College	1	756,145 KES

Experience / Insurance / Kenya (Gross KES)

#		Surveys
1	20+ Years	2	7,813,503 KES
2	8-12 Years	2	7,057,357 KES
3	4-8 Years	5	2,678,015 KES
4	2-4 Years	4	1,953,375 KES
5	0-1 Year	2	1,275,995 KES
6	1-2 Years	3	929,428 KES

Age / Insurance / Kenya (Gross KES)

#		Surveys
1	46-50	1	13,783,902 KES
2	41-45	1	5,434,795 KES
3	31-35	5	2,993,075 KES
4	26-30	8	2,347,201 KES
5	21-25	3	1,102,712 KES

Work Type / Insurance / Kenya (Gross KES)

#		Surveys		AVERAGE SALARY / YEAR
1	Permanent	16	3,418,407 KES
2	Contract	2	756,145 KES

Cities / Insurance / Kenya (Gross KES)

#		Surveys
1	Nairobi	16	3,355,395 KES
2	Mombasa	1	1,543,797 KES
3	--Other--	1	945,181 KES

Careers / Insurance / Kenya (Gross KES)

#		Surveys
1	Insurance	2	7,813,503 KES
2	Life Insurance	3	4,962,204 KES
3	Risk Management Insurance	1	3,103,347 KES
4	Other Insurance Career	3	2,741,027 KES
5	Health Insurance	3	2,126,659 KES
6	Insurance Broker	1	2,079,400 KES
7	Insurance Underwriter	2	1,370,513 KES
8	Marketing Associate Insurance	2	1,149,971 KES
9	General Insurance	1	897,922 KES

People's individual salary examples (surveys)

Client Service Executive

Posted 10 January 2022
Key knowledge and tasks

"Underwriting, Membership administration, Portfolio management."

City	Education	Experience	Knowledge	Gross salary / year
Nairobi	Bachelors Degree	2-4 Years	Expert	1,872,600 KES

Research And Development

Posted 04 November 2021
Key knowledge and tasks

"Research
Product development
Project management."

City	Education	Experience	Knowledge	Gross salary / year
Nairobi	Bachelors Degree	4-8 Years	Advanced	6,338,400 KES

Underwriter

Posted 25 March 2020
Key knowledge and tasks

"Raising debit notes, charging premium and collecting the same, following up on renewals, motor certificate Management, Policy document issuance, preparation and submission of periodic branch underwriting reports as per the company policies and guidelines and claims documentation."

City	Education	Experience	Knowledge	Gross salary / year
--Other--	Bachelors Degree	4-8 Years	n/a	940,500 KES

Senior Underwriter

Posted 28 May 2019
Key knowledge and tasks

"Pricing, key account management."

City	Education	Experience	Knowledge	Gross salary / year
Nairobi	Bachelors Degree	4-8 Years	n/a	3,778,800 KES

Underwriting Manager

Posted 14 May 2019
Key knowledge and tasks

"Strategic direction on underwriting department and managing the underwriting team."

City	Education	Experience	Knowledge	Gross salary / year
Nairobi	Bachelors Degree	8-12 Years	n/a	5,432,000 KES

Assistant Portfolio Administrator

Posted 22 April 2019
Key knowledge and tasks

"Day to day management and administration of pension schemes."

City	Education	Experience	Knowledge	Gross salary / year
Nairobi	Bachelors Degree	1-2 Years	n/a	1,091,100 KES

Business Manager

Posted 04 January 2019
Key knowledge and tasks

"Office Administration, Business Management, Premium collection, Underwriting, Claims Handling, Credit Control,."

City	Education	Experience	Knowledge	Gross salary / year
Nairobi	Bachelors Degree	2-4 Years	n/a	2,078,300 KES

Sales Person

Posted 22 October 2018
Key knowledge and tasks

"Selling policies."

City	Education	Experience	Knowledge	Gross salary / year
Nairobi	Some College	2-4 Years	n/a	748,300 KES

Fund Admin

Posted 04 September 2018
Key knowledge and tasks

"Pension funds administrator."

City	Education	Experience	Knowledge	Gross salary / year
Nairobi	Bachelors Degree	4-8 Years	n/a	779,500 KES

Marketing Assistant

Posted 04 April 2018
Key knowledge and tasks

"Customer service, sales, promotion."

City	Education	Experience	Knowledge	Gross salary / year
Nairobi	Bachelors Degree	0-1 Year	n/a	748,300 KES

Registry Officer

Posted 02 April 2018
Key knowledge and tasks

"Records management in insurance."

City	Education	Experience	Knowledge	Gross salary / year
Nairobi	Bachelors Degree	1-2 Years	n/a	779,500 KES

INSURANCE / SALARY KENYA

18