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INSURANCE / SALARY
Average Salary - Insurance / Namibia NAMIBIA


SALARY SURVEYS

11

UPDATED
September 2022
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AVERAGE SALARY / YEAR MOST TYPICAL SALARY / YEAR
Gross income
Net (after tax)

17.1 NAD = 1 USD

554,451 NAD

$32,429 USD
Windhoek

559,462 NAD

376,235 NAD

$22,005 USD
Including "Windhoek"
Excluding "Windhoek"

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Average Salary / Insurance / Namibia

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Average salary for Insurance / Namibia is 554,451 NAD per year. The most typical earning is 376,235 NAD. All data are based on 11 salary surveys. Salaries are different between men and women. Men receive an average salary of 543,831 NAD. Women receive a salary of 559,223 NAD.

Based on education, the highest salaries receive people with Bachelors Degree with salary of 737,080 NAD. The second most paid education level is Some College with salary of 412,149 NAD.

Different experiences affect earning as well. People with 1-2 Years of experience receive salary of 926,908 NAD. Employees with 4-8 Years of experience receive 661,833 NAD.

Levels / Insurance / Namibia (Gross NAD)

Salary Levels (NAD) per Year Surveys [%]
17,100 NAD - 34,199 NAD
0 n/a
34,200 NAD - 51,299 NAD
0 n/a
51,300 NAD - 85,499 NAD
0 n/a
85,500 NAD - 170,999 NAD
0 n/a
171,000 NAD - 256,499 NAD
0 n/a
256,500 NAD - 341,999 NAD
2 100%
18.18%
THE MOST TYPICAL SALARY
342,000 NAD - 427,499 NAD
3 81.82%
27.27%
427,500 NAD - 512,999 NAD
1 54.55%
9.09%
513,000 NAD - 598,499 NAD
2 45.45%
18.18%
598,600 NAD - 683,999 NAD
1 27.27%
9.09%
684,100 NAD - 769,599 NAD
0 n/a
769,600 NAD - 855,099 NAD
0 n/a
855,100 NAD - 940,599 NAD
1 18.18%
9.09%
940,600 NAD - 1,026,099 NAD
0 n/a
1,026,100 NAD - 1,111,599 NAD
0 n/a
1,111,600 NAD - 1,197,099 NAD
0 n/a
1,197,100 NAD - 1,282,599 NAD
0 n/a
1,282,600 NAD - 1,368,099 NAD
1 9.09%
9.09%
1,368,100 NAD - 1,453,599 NAD
0 n/a
1,453,600 NAD - 1,539,099 NAD
0 n/a
1,539,100 NAD - 1,624,599 NAD
0 n/a
1,624,700 NAD - 1,710,099 NAD
0 n/a
1,710,200 NAD - 1,795,699 NAD
0 n/a
1,795,700 NAD - 1,881,199 NAD
0 n/a
1,881,200 NAD - 1,966,699 NAD
0 n/a
1,966,700 NAD - 2,052,199 NAD
0 n/a
2,052,200 NAD - 2,137,699 NAD
0 n/a
2,137,700 NAD - 2,223,199 NAD
0 n/a
2,223,200 NAD - 2,308,699 NAD
0 n/a
2,308,700 NAD - 2,394,199 NAD
0 n/a
2,394,200 NAD - 2,479,699 NAD
0 n/a
2,479,700 NAD - 2,565,199 NAD
0 n/a
HIGH SALARIES
2,565,200 NAD - 2,736,199 NAD
0 n/a
2,736,300 NAD - 2,907,299 NAD
0 n/a
2,907,300 NAD - 3,078,299 NAD
0 n/a
3,078,300 NAD - 3,249,299 NAD
0 n/a
3,249,300 NAD - 3,420,299 NAD
0 n/a
3,420,300 NAD - 3,591,299 NAD
0 n/a
3,591,300 NAD - 3,762,299 NAD
0 n/a
3,762,400 NAD - 3,933,399 NAD
0 n/a
3,933,400 NAD - 4,104,399 NAD
0 n/a
4,104,400 NAD - 4,275,399 NAD
0 n/a
4,275,400 NAD - 5,985,599 NAD
0 n/a
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Gender / Insurance / Namibia (Gross NAD)

# Surveys AVERAGE SALARY / YEAR
1 Women 8 559,223 NAD
2 Men 3 543,831 NAD

Education / Insurance / Namibia (Gross NAD)

# Surveys AVERAGE SALARY / YEAR
1 Bachelors Degree 5 737,080 NAD
2 Some College 2 412,149 NAD
3 High School 4 396,757 NAD

Experience / Insurance / Namibia (Gross NAD)

# Surveys AVERAGE SALARY / YEAR
1 1-2 Years 1 926,908 NAD
2 4-8 Years 3 661,833 NAD
3 2-4 Years 1 535,281 NAD
4 8-12 Years 3 516,469 NAD
5 20+ Years 1 470,294 NAD
6 16-20 Years 1 355,713 NAD
7 12-16 Years 1 278,756 NAD

Age / Insurance / Namibia (Gross NAD)

# Surveys AVERAGE SALARY / YEAR
1 31-35 2 820,878 NAD
2 21-25 2 731,949 NAD
3 36-40 2 636,180 NAD
4 41-45 1 470,294 NAD
5 26-30 4 312,959 NAD

Work Type / Insurance / Namibia (Gross NAD)

# Surveys AVERAGE SALARY / YEAR
1 Permanent 10 555,802 NAD
2 Self Employed 1 535,281 NAD

Cities / Insurance / Namibia (Gross NAD)

# Surveys AVERAGE SALARY / YEAR
1 Walvis Bay 1 593,426 NAD
2 Windhoek 9 559,223 NAD
3 --Other-- 1 470,294 NAD

Careers / Insurance / Namibia (Gross NAD)

# Surveys AVERAGE SALARY / YEAR
1 Life Insurance 1 1,284,332 NAD
2 Insurance Agent 1 593,426 NAD
3 Commercial Insurance 3 583,165 NAD
4 Insurance Underwriter 2 477,135 NAD
5 Risk Management Insurance 2 407,018 NAD
6 Insurance 1 355,713 NAD
7 Other Insurance Career 1 345,452 NAD

People's individual salary examples (surveys)

Service Consultant
Posted 22 July 2020
City Education Experience Knowledge Gross salary / year
--Other-- Some College 20+ Years n/a 470,400 NAD

Actuary
Posted 30 November 2019
City Education Experience Knowledge Gross salary / year
Windhoek Bachelors Degree 1-2 Years n/a 927,400 NAD

Financial Adviser
Posted 10 September 2019
City Education Experience Knowledge Gross salary / year
Walvis Bay Bachelors Degree 8-12 Years n/a 593,500 NAD

Head Of Underwriting
Posted 11 July 2019
City Education Experience Knowledge Gross salary / year
Windhoek High School 8-12 Years n/a 678,900 NAD

Investigation Manager
Posted 04 July 2019
City Education Experience Knowledge Gross salary / year
Windhoek High School 16-20 Years n/a 356,100 NAD

Actuarial
Posted 18 May 2019
City Education Experience Knowledge Gross salary / year
Windhoek Bachelors Degree 4-8 Years n/a 346,200 NAD

Alternative Risk Transfer Underwriter
Posted 06 June 2018
City Education Experience Knowledge Gross salary / year
Windhoek High School 12-16 Years n/a 278,100 NAD

Corporate Underwriter
Posted 22 May 2018
City Education Experience Knowledge Gross salary / year
Windhoek High School 8-12 Years n/a 275,200 NAD


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