INSURANCE / SALARY
CAPE TOWN

SALARY SURVEYS

21

UPDATED
April 2024
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AVERAGE SALARY / YEAR

MOST TYPICAL SALARY / YEAR

Gross income

Net (after tax)

18.3 ZAR = 1 USD

743,754 ZAR

$40,653 USD

Johannesburg

1,001,095 ZAR

951,350 ZAR

$52,000 USD

Including "Johannesburg"

Excluding "Johannesburg"

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Average Salary / Insurance / Cape Town

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Average salary for Insurance / Cape Town is 743,754 ZAR per year. The most typical earning is 951,350 ZAR. All data are based on 21 salary surveys. Salaries are different between men and women. Men receive an average salary of 879,999 ZAR. Women receive a salary of 729,978 ZAR.

Based on education, the highest salaries receive people with Masters Degree with salary of 971,475 ZAR. The second most paid education level is Bachelors Degree with salary of 834,261 ZAR.

Different experiences affect earning as well. People with 16-20 Years of experience receive salary of 971,475 ZAR. Employees with 8-12 Years of experience receive 814,136 ZAR.

Levels / Insurance / Cape Town (Gross ZAR)

Salary Levels (ZAR) per Year	Surveys	[%]
54,900 ZAR - 91,499 ZAR	0	n/a
91,500 ZAR - 182,899 ZAR	0	n/a
183,000 ZAR - 274,399 ZAR	2	100% 9.52%
274,400 ZAR - 365,899 ZAR	3	90.48% 14.29%
365,900 ZAR - 457,399 ZAR	2	76.19% 9.52%
457,400 ZAR - 548,799 ZAR	2	66.67% 9.52%
548,900 ZAR - 640,299 ZAR	0	n/a
640,300 ZAR - 731,799 ZAR	0	n/a
731,800 ZAR - 823,299 ZAR	2	57.14% 9.52%
823,300 ZAR - 914,699 ZAR	1	47.62% 4.76%
THE MOST TYPICAL SALARY
914,800 ZAR - 1,006,199 ZAR	4	42.86% 19.05%
1,006,200 ZAR - 1,097,699 ZAR	2	23.81% 9.52%
1,097,700 ZAR - 1,189,199 ZAR	0	n/a
1,189,200 ZAR - 1,280,599 ZAR	2	14.29% 9.52%
1,280,700 ZAR - 1,372,099 ZAR	0	n/a
1,372,100 ZAR - 1,463,599 ZAR	0	n/a
1,463,600 ZAR - 1,555,099 ZAR	1	4.76% 4.76%
1,555,100 ZAR - 1,646,499 ZAR	0	n/a
1,646,600 ZAR - 1,737,999 ZAR	0	n/a
1,738,000 ZAR - 1,829,499 ZAR	0	n/a
1,829,500 ZAR - 1,920,999 ZAR	0	n/a
1,921,000 ZAR - 2,012,499 ZAR	0	n/a
2,012,500 ZAR - 2,103,899 ZAR	0	n/a
2,103,900 ZAR - 2,195,399 ZAR	0	n/a
2,195,400 ZAR - 2,286,899 ZAR	0	n/a
2,286,900 ZAR - 2,378,399 ZAR	0	n/a
2,378,400 ZAR - 2,469,799 ZAR	0	n/a
2,469,900 ZAR - 2,561,299 ZAR	0	n/a
2,561,300 ZAR - 2,652,799 ZAR	0	n/a
2,652,800 ZAR - 2,744,299 ZAR	0	n/a
HIGH SALARIES
2,744,300 ZAR - 2,927,199 ZAR	0	n/a
2,927,200 ZAR - 3,110,199 ZAR	0	n/a
3,110,200 ZAR - 3,293,099 ZAR	0	n/a
3,293,100 ZAR - 3,476,099 ZAR	0	n/a
3,476,100 ZAR - 3,658,999 ZAR	0	n/a
3,659,000 ZAR - 3,841,999 ZAR	0	n/a
3,842,000 ZAR - 4,024,899 ZAR	0	n/a
4,024,900 ZAR - 4,207,899 ZAR	0	n/a
4,207,900 ZAR - 4,390,799 ZAR	0	n/a
4,390,800 ZAR - 4,573,799 ZAR	0	n/a
4,573,800 ZAR - 6,403,299 ZAR	0	n/a

Gender / Insurance / Cape Town (Gross ZAR)

#		Surveys		AVERAGE SALARY / YEAR
1	Men	9	879,999 ZAR
2	Women	9	729,978 ZAR

Education / Insurance / Cape Town (Gross ZAR)

#		Surveys
1	Masters Degree	1	971,475 ZAR
2	Bachelors Degree	11	834,261 ZAR
3	Some College	5	812,306 ZAR
4	High School	4	351,267 ZAR

Experience / Insurance / Cape Town (Gross ZAR)

#		Surveys
1	16-20 Years	1	971,475 ZAR
2	8-12 Years	7	814,136 ZAR
3	4-8 Years	3	799,500 ZAR
4	2-4 Years	3	797,670 ZAR
5	12-16 Years	2	664,115 ZAR
6	20+ Years	4	640,332 ZAR
7	0-1 Year	1	272,598 ZAR

Age / Insurance / Cape Town (Gross ZAR)

#		Surveys
1	26-30	4	918,419 ZAR
2	41-45	3	876,340 ZAR
3	31-35	7	830,602 ZAR
4	46-50	2	726,319 ZAR
5	51-55	1	495,799 ZAR
6	36-40	1	417,130 ZAR
7	n/a	3	378,710 ZAR

Work Type / Insurance / Cape Town (Gross ZAR)

#		Surveys
1	Permanent	19	783,034 ZAR
2	Self Employed	1	495,799 ZAR
3	Contract	1	232,349 ZAR

Careers / Insurance / Cape Town (Gross ZAR)

#		Surveys
1	General Insurance	1	1,220,289 ZAR
2	Insurance Agent	1	916,589 ZAR
3	Health Insurance	1	830,602 ZAR
4	Other Insurance Career	6	806,818 ZAR
5	Insurance	5	797,670 ZAR
6	Insurance Broker	5	664,115 ZAR
7	Risk Management Insurance	1	272,598 ZAR
8	Insurance Underwriter	1	232,349 ZAR

People's individual salary examples (surveys)

Actuarial Analyst

Posted 04 January 2022
Key knowledge and tasks

"SQL coding experience used for specific data extraction task. Intermediate to advance excel knowledge. Quarterly report production and summary write-up done."

City	Education	Experience	Knowledge	Gross salary / year
Cape Town	Bachelors Degree	2-4 Years	Intermediate	831,400 ZAR

Business Development Manager

Posted 30 May 2020
Key knowledge and tasks

"Sales distribution manager."

City	Education	Experience	Knowledge	Gross salary / year
Cape Town	Bachelors Degree	12-16 Years	n/a	932,000 ZAR

Communication Specialist

Posted 09 March 2020
Key knowledge and tasks

"Prepares written material for publication by liaising with key article sources. Reads copy to detect errors in spelling, punctuation, and syntax and verifies facts, dates and statistics. Rewrites or modifies copy to clarify meaning and to conform to publication's style and editorial policy. Marks copy for typesetter, using standardised code to indicate how type should be set. Reads galley and page proofs to detect errors. Initiates or replies to correspondence regarding material published or being considered for publication. May oversee and administer all financial matters related to the publication."

City	Education	Experience	Knowledge	Gross salary / year
Cape Town	High School	12-16 Years	n/a	396,100 ZAR

General Manager Sales

Posted 05 September 2019
Key knowledge and tasks

"Profitability
Growth
Client Relationship
Budget
Forecast
Reporting
Strategy."

City	Education	Experience	Knowledge	Gross salary / year
Cape Town	Bachelors Degree	20+ Years	n/a	1,220,700 ZAR

Actuary

Posted 12 February 2019
Key knowledge and tasks

"Pricing and product development."

City	Education	Experience	Knowledge	Gross salary / year
Cape Town	Bachelors Degree	8-12 Years	n/a	1,554,500 ZAR

Project Manager

Posted 21 January 2019
Key knowledge and tasks

"I coordinate internal IT projects, as well as new client & new supplier integration projects from contract signature to go-live delivery. The core elements are about organising people and time resources, and seeing the project through from inception to completion."

City	Education	Experience	Knowledge	Gross salary / year
Cape Town	Bachelors Degree	2-4 Years	n/a	308,200 ZAR

Team Leader

Posted 10 January 2019
Key knowledge and tasks

"Supervise a team of administrators."

City	Education	Experience	Knowledge	Gross salary / year
Cape Town	High School	8-12 Years	n/a	416,300 ZAR

Paraplanner

Posted 09 October 2018
Key knowledge and tasks

"Paraplanner, investments, life cover,."

City	Education	Experience	Knowledge	Gross salary / year
Cape Town	Some College	20+ Years	n/a	743,700 ZAR

INSURANCE / SALARY CAPE TOWN

21