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INSURANCE / SALARY
Average Salary - Insurance / Bermuda BERMUDA

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  2. Bermuda
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SALARY SURVEYS

21

 UPDATED
April 2024
About salary data?
CALCULATE YOUR OPTIMUM SALARY!
(based on your career and experience)
AVERAGE SALARY / YEAR MOST TYPICAL SALARY / YEAR
Gross income
Net (after tax)
1 BMD = 1 USD

126,711 BMD

$126,711 USD

102,000 BMD

$102,000 USD
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Average Salary / Insurance / Bermuda

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Average salary for Insurance / Bermuda is 126,711 BMD per year. The most typical earning is 102,000 BMD. All data are based on 21 salary surveys. Salaries are different between men and women. Men receive an average salary of 146,400 BMD. Women receive a salary of 116,900 BMD.

Based on education, the highest salaries receive people with Bachelors Degree with salary of 134,800 BMD. The second most paid education level is Doctorate Degree with salary of 100,000 BMD.

Different experiences affect earning as well. People with 12-16 Years of experience receive salary of 169,100 BMD. Employees with 8-12 Years of experience receive 138,000 BMD.

Levels / Insurance / Bermuda (Gross BMD)

Salary Levels (BMD) per Year Surveys [%]
10,000 BMD - 14,999 BMD
0 n/a
15,000 BMD - 19,999 BMD
0 n/a
20,000 BMD - 24,999 BMD
0 n/a
25,000 BMD - 29,999 BMD
0 n/a
30,000 BMD - 34,999 BMD
0 n/a
35,000 BMD - 39,999 BMD
0 n/a
40,000 BMD - 44,999 BMD
0 n/a
45,000 BMD - 49,999 BMD
0 n/a
50,000 BMD - 54,999 BMD
0 n/a
55,000 BMD - 59,999 BMD
1 100%
4.76%
60,000 BMD - 64,999 BMD
0 n/a
65,000 BMD - 69,999 BMD
1 95.24%
4.76%
70,000 BMD - 74,999 BMD
2 90.48%
9.52%
75,000 BMD - 79,999 BMD
1 80.95%
4.76%
80,000 BMD - 84,999 BMD
1 76.19%
4.76%
85,000 BMD - 89,999 BMD
0 n/a
90,000 BMD - 94,999 BMD
1 71.43%
4.76%
95,000 BMD - 99,999 BMD
1 66.67%
4.76%
THE MOST TYPICAL SALARY
100,000 BMD - 104,999 BMD
4 61.9%
19.05%
105,000 BMD - 109,999 BMD
0 n/a
110,000 BMD - 114,999 BMD
0 n/a
115,000 BMD - 119,999 BMD
1 42.86%
4.76%
120,000 BMD - 124,999 BMD
0 n/a
125,000 BMD - 129,999 BMD
1 38.1%
4.76%
130,000 BMD - 134,999 BMD
0 n/a
135,000 BMD - 139,999 BMD
0 n/a
140,000 BMD - 144,999 BMD
0 n/a
145,000 BMD - 149,999 BMD
0 n/a
HIGH SALARIES
150,000 BMD - 159,999 BMD
1 33.33%
4.76%
160,000 BMD - 169,999 BMD
0 n/a
170,000 BMD - 179,999 BMD
1 28.57%
4.76%
180,000 BMD - 189,999 BMD
1 23.81%
4.76%
190,000 BMD - 199,999 BMD
1 19.05%
4.76%
200,000 BMD - 209,999 BMD
1 14.29%
4.76%
210,000 BMD - 219,999 BMD
0 n/a
220,000 BMD - 229,999 BMD
0 n/a
230,000 BMD - 239,999 BMD
0 n/a
240,000 BMD - 249,999 BMD
0 n/a
250,000 BMD - 349,999 BMD
2 9.52%
9.52%
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Gender / Insurance / Bermuda (Gross BMD)

# Surveys AVERAGE SALARY / YEAR
1 Men 7 146,400 BMD
2 Women 14 116,900 BMD

Education / Insurance / Bermuda (Gross BMD)

# Surveys AVERAGE SALARY / YEAR
1 Bachelors Degree 17 134,800 BMD
2 Doctorate Degree 1 100,000 BMD
3 Masters Degree 1 95,000 BMD
4 Some College 2 87,300 BMD

Experience / Insurance / Bermuda (Gross BMD)

# Surveys AVERAGE SALARY / YEAR
1 12-16 Years 5 169,100 BMD
2 8-12 Years 6 138,000 BMD
3 16-20 Years 2 135,500 BMD
4 20+ Years 1 95,000 BMD
5 4-8 Years 4 94,800 BMD
6 2-4 Years 2 93,800 BMD
7 0-1 Year 1 55,000 BMD

Age / Insurance / Bermuda (Gross BMD)

# Surveys AVERAGE SALARY / YEAR
1 46-50 3 180,300 BMD
2 41-45 3 148,300 BMD
3 31-35 6 129,200 BMD
4 51-55 3 125,200 BMD
5 26-30 4 98,900 BMD
6 56-60 1 74,000 BMD
7 21-25 1 55,000 BMD

Work Type / Insurance / Bermuda (Gross BMD)

# Surveys AVERAGE SALARY / YEAR
1 Contract 1 250,000 BMD
2 Permanent 20 120,500 BMD

Cities / Insurance / Bermuda (Gross BMD)

# Surveys AVERAGE SALARY / YEAR
1 Hamilton, Bermuda 21 126,700 BMD

Careers / Insurance / Bermuda (Gross BMD)

# Surveys AVERAGE SALARY / YEAR
1 Insurance Underwriter 9 151,700 BMD
2 Risk Management Insurance 3 141,300 BMD
3 Insurance 4 105,300 BMD
4 Insurance Adjuster 1 104,000 BMD
5 Other Insurance Career 3 93,100 BMD
6 Life Insurance 1 67,000 BMD

People's individual salary examples (surveys)

Medical Underwriter
Posted 05 January 2022
City Education Experience Knowledge Gross salary / year
Hamilton, Bermuda Some College 8-12 Years Advanced 74,000 BMD

Assistant Underwriter
Posted 27 August 2021
City Education Experience Knowledge Gross salary / year
Hamilton, Bermuda Bachelors Degree 2-4 Years Intermediate 115,000 BMD

Assistant Reinsurance Accountant
Posted 27 March 2021
City Education Experience Knowledge Gross salary / year
Hamilton, Bermuda Some College 12-16 Years n/a 100,500 BMD

Exposure Manager
Posted 16 September 2019
City Education Experience Knowledge Gross salary / year
Hamilton, Bermuda Bachelors Degree 12-16 Years n/a 195,000 BMD

Trainee Underwriter
Posted 18 July 2019
City Education Experience Knowledge Gross salary / year
Hamilton, Bermuda Bachelors Degree 4-8 Years n/a 67,000 BMD

Vice President
Posted 13 July 2019
City Education Experience Knowledge Gross salary / year
Hamilton, Bermuda Bachelors Degree 12-16 Years n/a 250,000 BMD

Claims Analyst
Posted 08 November 2018
City Education Experience Knowledge Gross salary / year
Hamilton, Bermuda Bachelors Degree 4-8 Years n/a 104,000 BMD

Vice President
Posted 14 October 2018
City Education Experience Knowledge Gross salary / year
Hamilton, Bermuda Bachelors Degree 12-16 Years n/a 200,000 BMD

Risk Analyst
Posted 03 October 2018
City Education Experience Knowledge Gross salary / year
Hamilton, Bermuda Bachelors Degree 8-12 Years n/a 250,000 BMD

Underwriter
Posted 09 July 2018
City Education Experience Knowledge Gross salary / year
Hamilton, Bermuda Bachelors Degree 4-8 Years n/a 83,000 BMD

Treasury Assistant
Posted 05 July 2018
City Education Experience Knowledge Gross salary / year
Hamilton, Bermuda Bachelors Degree 0-1 Year n/a 55,000 BMD

Head Of Catastrophe
Posted 18 May 2018
City Education Experience Knowledge Gross salary / year
Hamilton, Bermuda Doctorate Degree 12-16 Years n/a 100,000 BMD

Reinsurance Underwriter
Posted 08 January 2018
City Education Experience Knowledge Gross salary / year
Hamilton, Bermuda Bachelors Degree 8-12 Years n/a 175,000 BMD

Avp
Posted 10 July 2017
City Education Experience Knowledge Gross salary / year
Hamilton, Bermuda Bachelors Degree 8-12 Years n/a 100,000 BMD


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