INSURANCE / SALARY
SAUDI ARABIA

SALARY SURVEYS

11

UPDATED
April 2024
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AVERAGE SALARY / YEAR

MOST TYPICAL SALARY / YEAR

Gross income

Net (after tax)

3.75 SAR = 1 USD

427,032 SAR

$113,875 USD

Riyadh

505,906 SAR

176,250 SAR

$47,000 USD

Including "Riyadh"

Excluding "Riyadh"

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Average Salary / Insurance / Saudi Arabia

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Average salary for Insurance / Saudi Arabia is 427,032 SAR per year. The most typical earning is 176,250 SAR. All data are based on 11 salary surveys. Salaries are different between men and women. Men receive an average salary of 452,626 SAR. Women receive a salary of 172,500 SAR.

Based on education, the highest salaries receive people with Masters Degree with salary of 624,376 SAR. The second most paid education level is Bachelors Degree with salary of 299,250 SAR.

Different experiences affect earning as well. People with 20+ Years of experience receive salary of 837,002 SAR. Employees with 12-16 Years of experience receive 529,876 SAR.

Levels / Insurance / Saudi Arabia (Gross SAR)

Salary Levels (SAR) per Year	Surveys	[%]
37,500 SAR - 56,199 SAR	0	n/a
56,300 SAR - 74,999 SAR	0	n/a
75,000 SAR - 93,699 SAR	1	100% 9.09%
93,800 SAR - 112,499 SAR	0	n/a
112,500 SAR - 131,199 SAR	0	n/a
131,300 SAR - 149,999 SAR	0	n/a
150,000 SAR - 168,699 SAR	0	n/a
THE MOST TYPICAL SALARY
168,800 SAR - 187,499 SAR	2	90.91% 18.18%
187,500 SAR - 206,199 SAR	1	72.73% 9.09%
206,300 SAR - 224,999 SAR	0	n/a
225,000 SAR - 243,699 SAR	1	63.64% 9.09%
243,800 SAR - 262,499 SAR	1	54.55% 9.09%
262,500 SAR - 281,199 SAR	0	n/a
281,300 SAR - 299,999 SAR	0	n/a
300,000 SAR - 318,699 SAR	0	n/a
318,800 SAR - 337,499 SAR	0	n/a
337,500 SAR - 356,199 SAR	0	n/a
356,300 SAR - 374,999 SAR	1	45.45% 9.09%
375,000 SAR - 393,699 SAR	0	n/a
393,800 SAR - 412,499 SAR	0	n/a
412,500 SAR - 431,199 SAR	0	n/a
431,300 SAR - 449,999 SAR	0	n/a
450,000 SAR - 468,699 SAR	0	n/a
468,800 SAR - 487,499 SAR	0	n/a
487,500 SAR - 506,199 SAR	0	n/a
506,300 SAR - 524,999 SAR	0	n/a
525,000 SAR - 543,699 SAR	0	n/a
543,800 SAR - 562,499 SAR	0	n/a
HIGH SALARIES
562,500 SAR - 599,999 SAR	0	n/a
600,000 SAR - 637,499 SAR	0	n/a
637,500 SAR - 674,999 SAR	0	n/a
675,000 SAR - 712,499 SAR	2	36.36% 18.18%
712,500 SAR - 749,999 SAR	0	n/a
750,000 SAR - 787,499 SAR	0	n/a
787,500 SAR - 824,999 SAR	1	18.18% 9.09%
825,000 SAR - 862,499 SAR	0	n/a
862,500 SAR - 899,999 SAR	0	n/a
900,000 SAR - 937,499 SAR	0	n/a
937,500 SAR - 1,312,499 SAR	1	9.09% 9.09%

Gender / Insurance / Saudi Arabia (Gross SAR)

#		Surveys		AVERAGE SALARY / YEAR
1	Men	10	452,626 SAR
2	Women	1	172,500 SAR

Education / Insurance / Saudi Arabia (Gross SAR)

#		Surveys
1	Masters Degree	5	624,376 SAR
2	Bachelors Degree	5	299,250 SAR
3	Some College	1	80,250 SAR

Experience / Insurance / Saudi Arabia (Gross SAR)

#		Surveys
1	20+ Years	3	837,002 SAR
2	12-16 Years	2	529,876 SAR
3	4-8 Years	2	210,000 SAR
4	8-12 Years	3	208,500 SAR
5	2-4 Years	1	80,250 SAR

Age / Insurance / Saudi Arabia (Gross SAR)

#		Surveys
1	36-40	2	756,002 SAR
2	51-55	1	700,127 SAR
3	46-50	2	540,001 SAR
4	41-45	1	360,001 SAR
5	31-35	2	226,500 SAR
6	26-30	3	197,625 SAR

Work Type / Insurance / Saudi Arabia (Gross SAR)

#		Surveys		AVERAGE SALARY / YEAR
1	Permanent	9	462,001 SAR
2	Contract	2	270,000 SAR

Cities / Insurance / Saudi Arabia (Gross SAR)

#		Surveys
1	Riyadh	7	505,876 SAR
2	Jeddah	3	317,626 SAR
3	Dammam	1	203,250 SAR

Careers / Insurance / Saudi Arabia (Gross SAR)

#		Surveys
1	Insurance	4	670,877 SAR
2	Risk Management Insurance	2	475,126 SAR
3	Health Insurance	1	360,001 SAR
4	Insurance Underwriter	1	240,000 SAR
5	Insurance Broker	1	203,250 SAR
6	Insurance Adjuster	1	180,000 SAR
7	General Insurance	1	80,250 SAR

People's individual salary examples (surveys)

General Insurance Specialist

Posted 04 August 2020
Key knowledge and tasks

"Placing insurance coverage for our contract work projects."

City	Education	Experience	Knowledge	Gross salary / year
Jeddah	Some College	2-4 Years	n/a	80,400 SAR

Head Of Data Management

Posted 06 January 2020
Key knowledge and tasks

"Data Scientist
Data Architecture
Data Governance and Management."

City	Education	Experience	Knowledge	Gross salary / year
Riyadh	Masters Degree	20+ Years	n/a	812,100 SAR

Consultant

Posted 07 October 2019
Key knowledge and tasks

"Underwriting
Claims
Hospital Networking
Tariff Management
MIS and Analytics."

City	Education	Experience	Knowledge	Gross salary / year
Riyadh	Masters Degree	12-16 Years	n/a	360,000 SAR

Risk And Insurance Manager

Posted 30 September 2019
Key knowledge and tasks

"Oversee project and corporate insurances for a major real estate and tourism development."

City	Education	Experience	Knowledge	Gross salary / year
Riyadh	Bachelors Degree	20+ Years	n/a	700,000 SAR

Regional Manager

Posted 26 August 2019
Key knowledge and tasks

"Regional manager at a multilateral institution."

City	Education	Experience	Knowledge	Gross salary / year
Jeddah	Masters Degree	12-16 Years	n/a	700,000 SAR

Risk Engineer

Posted 21 January 2019
Key knowledge and tasks

"Underwriting, reinsurance & risk engineering."

City	Education	Experience	Knowledge	Gross salary / year
Riyadh	Bachelors Degree	4-8 Years	n/a	240,000 SAR

Client Manager

Posted 09 December 2018
Key knowledge and tasks

"Health Insurance Broker."

City	Education	Experience	Knowledge	Gross salary / year
Dammam	Bachelors Degree	8-12 Years	n/a	203,200 SAR

Assistant General Manager

Posted 15 August 2018
Key knowledge and tasks

"In charge of Legal and Compliance Affairs and Fraud Detection Unit."

City	Education	Experience	Knowledge	Gross salary / year
Riyadh	Bachelors Degree	4-8 Years	n/a	180,000 SAR

INSURANCE / SALARY SAUDI ARABIA

11