INSURANCE / SALARY
JAMAICA

SALARY SURVEYS

14

UPDATED
April 2024
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AVERAGE SALARY / YEAR		MOST TYPICAL SALARY / YEAR		Gross income Net (after tax) 155.02 JMD = 1 USD
3,594,822 JMD $23,190 USD		1,860,192 JMD $12,000 USD		Gross income Net (after tax) 155.02 JMD = 1 USD

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Average Salary / Insurance / Jamaica

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Average salary for Insurance / Jamaica is 3,594,822 JMD per year. The most typical earning is 1,860,192 JMD. All data are based on 14 salary surveys. Salaries are different between men and women. Men receive an average salary of 2,821,292 JMD. Women receive a salary of 4,030,418 JMD.

Based on education, the highest salaries receive people with Doctorate Degree with salary of 8,913,424 JMD. The second most paid education level is Masters Degree with salary of 5,038,022 JMD.

Different experiences affect earning as well. People with 12-16 Years of experience receive salary of 7,301,257 JMD. Employees with 20+ Years of experience receive 6,014,623 JMD.

Levels / Insurance / Jamaica (Gross JMD)

Salary Levels (JMD) per Year	Surveys	[%]
155,000 JMD - 309,899 JMD	0	n/a
310,000 JMD - 464,899 JMD	0	n/a
465,000 JMD - 774,899 JMD	2	100% 14.29%
775,100 JMD - 1,549,999 JMD	0	n/a
THE MOST TYPICAL SALARY
1,550,200 JMD - 2,325,099 JMD	4	85.71% 28.57%
2,325,200 JMD - 3,100,199 JMD	1	57.14% 7.14%
3,100,300 JMD - 3,875,199 JMD	2	50% 14.29%
3,875,400 JMD - 4,650,299 JMD	1	35.71% 7.14%
4,650,500 JMD - 5,425,399 JMD	1	28.57% 7.14%
5,425,600 JMD - 6,200,499 JMD	1	21.43% 7.14%
6,200,600 JMD - 6,975,599 JMD	0	n/a
6,975,700 JMD - 7,750,599 JMD	1	14.29% 7.14%
7,750,800 JMD - 8,525,699 JMD	0	n/a
8,525,900 JMD - 9,300,799 JMD	1	7.14% 7.14%
9,301,000 JMD - 10,075,899 JMD	0	n/a
10,076,000 JMD - 10,850,999 JMD	0	n/a
10,851,100 JMD - 11,626,099 JMD	0	n/a
11,626,200 JMD - 12,401,099 JMD	0	n/a
12,401,300 JMD - 13,176,199 JMD	0	n/a
13,176,400 JMD - 13,951,299 JMD	0	n/a
13,951,400 JMD - 14,726,399 JMD	0	n/a
14,726,500 JMD - 15,501,499 JMD	0	n/a
15,501,600 JMD - 16,276,499 JMD	0	n/a
16,276,700 JMD - 17,051,599 JMD	0	n/a
17,051,800 JMD - 17,826,699 JMD	0	n/a
17,826,800 JMD - 18,601,799 JMD	0	n/a
18,601,900 JMD - 19,376,899 JMD	0	n/a
19,377,000 JMD - 20,151,899 JMD	0	n/a
20,152,100 JMD - 20,926,999 JMD	0	n/a
20,927,200 JMD - 21,702,099 JMD	0	n/a
21,702,300 JMD - 22,477,199 JMD	0	n/a
22,477,300 JMD - 23,252,299 JMD	0	n/a
HIGH SALARIES
23,252,400 JMD - 24,802,399 JMD	0	n/a
24,802,600 JMD - 26,352,599 JMD	0	n/a
26,352,700 JMD - 27,902,699 JMD	0	n/a
27,902,900 JMD - 29,452,899 JMD	0	n/a
29,453,100 JMD - 31,003,099 JMD	0	n/a
31,003,200 JMD - 32,553,199 JMD	0	n/a
32,553,400 JMD - 34,103,399 JMD	0	n/a
34,103,500 JMD - 35,653,499 JMD	0	n/a
35,653,700 JMD - 37,203,699 JMD	0	n/a
37,203,900 JMD - 38,753,899 JMD	0	n/a
38,754,000 JMD - 54,255,599 JMD	0	n/a

Gender / Insurance / Jamaica (Gross JMD)

#		Surveys		AVERAGE SALARY / YEAR
1	Women	9	4,030,418 JMD
2	Men	5	2,821,292 JMD

Education / Insurance / Jamaica (Gross JMD)

#		Surveys
1	Doctorate Degree	1	8,913,424 JMD
2	Masters Degree	4	5,038,022 JMD
3	Some College	2	3,952,910 JMD
4	Bachelors Degree	7	1,906,697 JMD

Experience / Insurance / Jamaica (Gross JMD)

#		Surveys
1	12-16 Years	2	7,301,257 JMD
2	20+ Years	2	6,014,623 JMD
3	16-20 Years	1	3,363,848 JMD
4	2-4 Years	2	2,635,273 JMD
5	4-8 Years	4	2,433,752 JMD
6	8-12 Years	1	1,999,707 JMD
7	1-2 Years	2	1,689,675 JMD

Age / Insurance / Jamaica (Gross JMD)

#		Surveys
1	46-50	1	7,471,775 JMD
2	36-40	2	5,115,530 JMD
3	26-30	1	4,991,517 JMD
4	31-35	3	4,758,993 JMD
5	21-25	7	1,906,697 JMD

Work Type / Insurance / Jamaica (Gross JMD)

#		Surveys
1	Permanent	10	3,813,395 JMD
2	Contract	3	3,410,353 JMD
3	Part Time	1	1,999,707 JMD

Cities / Insurance / Jamaica (Gross JMD)

#		Surveys		AVERAGE SALARY / YEAR
1	Kingston	12	3,751,389 JMD
2	--Other--	2	2,681,778 JMD

Careers / Insurance / Jamaica (Gross JMD)

#		Surveys
1	Insurance Underwriter	2	6,727,697 JMD
2	General Insurance	6	4,045,919 JMD
3	Risk Management Insurance	1	2,666,276 JMD
4	Commercial Insurance	2	2,619,771 JMD
5	Insurance Sales	1	2,046,212 JMD
6	Insurance Broker	1	2,015,209 JMD
7	Insurance Adjuster	1	666,569 JMD

People's individual salary examples (surveys)

Broker Service

Posted 03 June 2020
Key knowledge and tasks

"Servicing of Brokers and clients."

City	Education	Experience	Knowledge	Gross salary / year
Kingston	Doctorate Degree	12-16 Years	n/a	8,906,600 JMD

Claims Advisor

Posted 21 February 2020
Key knowledge and tasks

"Negotiate and settle claims
Process claims."

City	Education	Experience	Knowledge	Gross salary / year
Kingston	Bachelors Degree	8-12 Years	n/a	2,003,900 JMD

Risk Officer

Posted 19 September 2019
Key knowledge and tasks

"Pricing insurance plans."

City	Education	Experience	Knowledge	Gross salary / year
Kingston	Bachelors Degree	1-2 Years	n/a	2,659,600 JMD

Manager

Posted 18 July 2019
Key knowledge and tasks

"OVERSEE QUOTATIONS RECEIVED FROM UNDERWRITERS AND PROPOSAL SENT TO A CLIENT. Ensure that team members are happy. managing the branch with all matters."

City	Education	Experience	Knowledge	Gross salary / year
Kingston	Some College	20+ Years	n/a	4,546,500 JMD

Senior Manager

Posted 02 April 2019
Key knowledge and tasks

"Insurance sales, client servicing, retention."

City	Education	Experience	Knowledge	Gross salary / year
Kingston	Masters Degree	4-8 Years	n/a	4,991,100 JMD

Sales Agent Insuarnce

Posted 13 February 2019
Key knowledge and tasks

"High energy, highly sales driven."

City	Education	Experience	Knowledge	Gross salary / year
Kingston	Bachelors Degree	4-8 Years	n/a	2,045,900 JMD

Senior Account Executive

Posted 10 February 2019
Key knowledge and tasks

"Stakeholder management."

City	Education	Experience	Knowledge	Gross salary / year
Kingston	Masters Degree	12-16 Years	n/a	5,683,200 JMD

Administrative Assistant

Posted 15 November 2018
Key knowledge and tasks

"General day to day operations of company. 
I generate reports through data entry using an online system. I answer and direct calls coming in. I handle customer queries and concerns. I copy, print, scan and file documents for the office."

City	Education	Experience	Knowledge	Gross salary / year
Kingston	Bachelors Degree	4-8 Years	n/a	672,500 JMD

Claims Officer

Posted 22 August 2018
Key knowledge and tasks

"Data Entry for claims and sending them off for authorization."

City	Education	Experience	Knowledge	Gross salary / year
Kingston	Bachelors Degree	1-2 Years	n/a	717,300 JMD

Business Intellegence Analyst

Posted 05 July 2018
Key knowledge and tasks

"Reporting analyzing sql presentations."

City	Education	Experience	Knowledge	Gross salary / year
Kingston	Bachelors Degree	2-4 Years	n/a	3,238,300 JMD

Claims Manager

Posted 08 May 2018
Key knowledge and tasks

"Manage the claims department."

City	Education	Experience	Knowledge	Gross salary / year
Kingston	Masters Degree	20+ Years	n/a	7,473,000 JMD

Account Executive

Posted 16 April 2018
Key knowledge and tasks

"Drive the sales force and build relationships with the brokers."

City	Education	Experience	Knowledge	Gross salary / year
--Other--	Some College	16-20 Years	n/a	3,362,800 JMD

INSURANCE / SALARY JAMAICA

14

3,594,822 JMD

1,860,192 JMD