Insurance Salary in Saudi Arabia

Saudi Arabia   Saudi Arabia  • Change Location

Average gross salary for Insurance GROSS SALARY
SAR 421,659
Average gorss salary (USD) for Insurance GROSS SALARY (USD)
US$ 112,418
Average net salary for Insurance NET SALARY
SAR 387,378
The most typical salary for Insurance MOST TYPICAL GROSS
SAR 176,328
  Updated: 06 Jan 2020   Diff. gross vs. net: 8%
  Salary entries: 11

Insurance Earnings in Saudi Arabia

Average salary for Insurance in Saudi Arabia is SAR 421,659 (Gross). All data are based on our survey (11 individual salary entries). Average take home earning is SAR 387,378 (Net). The most typical salary is SAR 176,328 (Gross).

Earning percentages

Percentage of people earn this salary or more
18 % SAR 906,200
36 % SAR 700,000
45 % SAR 360,000
64 % SAR 245,000
91 % SAR 176,328
100 % SAR 20,000

Earning by careers

Career Avg. gross salary (USD) Salary entries
Insurance SAR 671,264 US$ 178,920 04
Risk Management Insurance SAR 475,000 US$ 126,682 02
Health Insurance SAR 360,000 US$ 96,010 01
Insurance Underwriter SAR 240,000 US$ 64,007 01
Insurance Broker SAR 203,200 US$ 54,192 01
Insurance Adjuster SAR 180,000 US$ 48,005 01
Commercial Insurance SAR 20,000 US$ 5,334 01

Earning by cities

City Avg. gross salary (USD) Salary entries
Riyadh SAR 506,057 US$ 134,910 07
Jeddah SAR 297,552 US$ 79,343 03

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Salary entries from individual employees for Insurance in Saudi Arabia

Below is the list of 10 individual salary profiles - all added on this website.

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HEAD OF DATA MANAGEMENT


 Posted: 06 Jan 2020

Masters Degree, 20+ years: "Data Scientist Data Architecture Data Governance and Management."
Individual GROSS salary:
SAR 812,400
US$ 216,506

CONSULTANT


 Posted: 07 Oct 2019

Masters Degree, 12-16 years: "Underwriting Claims Hospital Networking Tariff Management MIS and Analytics."
Individual GROSS salary:
SAR 360,000
US$ 96,010

RISK AND INSURANCE MANAGER


 Posted: 30 Sep 2019

Bachelors Degree, 20+ years: "Oversee project and corporate insurances for a major real estate and tourism development."
Individual GROSS salary:
SAR 700,000
US$ 186,686

REGIONAL MANAGER


 Posted: 26 Aug 2019

Masters Degree, 12-16 years: "Regional manager at a multilateral institution."
Individual GROSS salary:
SAR 700,000
US$ 186,686

SALES PERSON


 Posted: 23 Jun 2019

Bachelors Degree, 1-2 years: "Nothing to say really."
Individual GROSS salary:
SAR 20,000
US$ 5,334

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RISK ENGINEER


 Posted: 21 Jan 2019

Bachelors Degree, 4-8 years: "Underwriting, reinsurance & risk engineering."
Individual GROSS salary:
SAR 240,000
US$ 64,007

CLIENT MANAGER


 Posted: 09 Dec 2018

Bachelors Degree, 8-12 years: "Health Insurance Broker."
Individual GROSS salary:
SAR 203,200
US$ 54,192

ASSISTANT GENERAL MANAGER


 Posted: 15 Aug 2018

Bachelors Degree, 4-8 years: "In charge of Legal and Compliance Affairs and Fraud Detection Unit."
Individual GROSS salary:
SAR 180,000
US$ 48,005

RISK MANAGEMENT INSURANCE


 Posted: 11 Apr 2017

Masters Degree, 8-12 years: "- underwriting - client management."
Individual GROSS salary:
SAR 250,000
US$ 66,677

INSURANCE


 Posted: 30 Jun 2015

Bachelors Degree education, 8-12 years of experience.
Individual GROSS salary:
SAR 172,656
US$ 46,009

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  SALARY BY LEVEL   INSURANCE   SAUDI ARABIA

Saudi Arabia •  Change Location

Salary levels Avg. gross salary (USD) Avg. gross salary   Salary entries
More US$ 241,493 SAR 906,200
02
185K US$ 186,686 SAR 700,000
02
95K US$ 96,010 SAR 360,000
01
65K US$ 65,342 SAR 245,000
02
55K US$ 54,192 SAR 203,200
01
45K US$ 47,007 SAR 176,328
02
Less US$ 5,334 SAR 20,000
01

  SALARY BY GENDER   INSURANCE   SAUDI ARABIA

Saudi Arabia •  Change Location

Avg. gross salary (USD) Avg. gross salary   Salary entries
Men US$ 119,058 SAR 446,560 10
Women US$ 46,009 SAR 172,656 01

  SALARY BY EDUCATION   INSURANCE   SAUDI ARABIA

Saudi Arabia •  Change Location

Avg. gross salary (USD) Avg. gross salary   Salary entries
Masters Degree US$ 166,472 SAR 624,480 05
Bachelors Degree US$ 67,372 SAR 252,642 06

Insurance workers holding Masters Degree degrees enjoy the highest average gross salaries in Saudi Arabia. With an earned Masters Degree, they grosses SAR 624,480. While Insurance workers with Bachelors Degree education earn the least, with an average gross income of SAR 252,642. This is 147.09% lower of what Masters Degree degree holders earn.


  SALARY BY EXPERIENCE   INSURANCE   SAUDI ARABIA

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Avg. gross salary (USD) Avg. gross salary   Salary entries
20+ Years US$ 223,224 SAR 837,466 03
12-16 Years US$ 141,348 SAR 530,000 02
8-12 Years US$ 55,626 SAR 208,618 03
4-8 Years US$ 56,006 SAR 210,000 02
1-2 Years US$ 5,334 SAR 20,000 01

Insurance workers in Saudi Arabia with more years of work experience outperform their counterparts with less experience. Workers with 20+ Years of experience earn a gross average of SAR 837,466 compared to SAR 20,000 for their counterparts with 1-2 Years of experience. The difference between workers with 20+ Years of experience and 1-2 Years is 4084.93%.


  SALARY BY AGE   INSURANCE   SAUDI ARABIA

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Avg. gross salary (USD) Avg. gross salary   Salary entries
51-56 US$ 186,686 SAR 700,000 01
45-50 US$ 181,245 SAR 680,000 02
39-44 US$ 201,596 SAR 756,200 02
33-38 US$ 66,677 SAR 250,000 01
27-32 US$ 43,509 SAR 163,171 05
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  SALARY BY CAREER   INSURANCE   SAUDI ARABIA

Saudi Arabia •  Change Location

# Avg. gross salary (USD) Avg. gross salary   Salary entries
1. Insurance US$ 178,920 SAR 671,264 04
2. Risk Management Insurance US$ 126,682 SAR 475,000 02
3. Health Insurance US$ 96,010 SAR 360,000 01
4. Insurance Underwriter US$ 64,007 SAR 240,000 01
5. Insurance Broker US$ 54,192 SAR 203,200 01
6. Insurance Adjuster US$ 48,005 SAR 180,000 01
7. Commercial Insurance US$ 5,334 SAR 20,000 01

Show all careers »

In Saudi Arabia economy, Insurance is on the top list of highest earners, earning an average gross salary of SAR 671,264. Risk Management Insurance and Health Insurance follow, earning SAR 475,000 and SAR 360,000, respectively. Commercial Insurance earn a gross annual average of SAR 20,000, while Insurance Adjuster earn SAR 180,000. The gap between the lowest and the highest paid careers is 3254.33%.


  SALARY BY JOB TYPE   INSURANCE   SAUDI ARABIA

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Avg. gross salary (USD) Avg. gross salary   Salary entries
Permanent US$ 135,906 SAR 509,782 08
Contract US$ 49,783 SAR 186,666 03
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  SALARY BY CITY   INSURANCE   SAUDI ARABIA

Saudi Arabia •  Change Location

# Avg. gross salary (USD) Avg. gross salary   Salary entries
1. Riyadh Insurance in Riyadh US$ 134,910 SAR 506,057 07
2. Jeddah Insurance in Jeddah US$ 79,343 SAR 297,552 03

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  SALARY BY COUNTRY    INSURANCE

# Avg. gross salary (USD) Avg. gross salary   Salary entries
1. Switzerland Switzerland Insurance in Switzerland US$ 146,337 CHF 139,200 15
2. Saudi Arabia Saudi Arabia US$ 112,418 SAR 421,659 11
3. Germany Germany Insurance in Germany US$ 101,681 EUR 80,818 11
4. France France Insurance in France US$ 100,207 EUR 79,058 17
5. Australia Australia Insurance in Australia US$ 91,588 AU$ 104,523 34
6. Norway Norway Insurance in Norway US$ 90,260 NOK 744,545 11
7. United Kingdom United Kingdom Insurance in United Kingdom US$ 87,047 GBP 58,142 50
8. United States United States Insurance US$ 75,340 US$ 75,340 408
9. Canada Canada Insurance in Canada US$ 68,944 CA$ 74,702 80
10. Malaysia Malaysia Insurance in Malaysia US$ 28,902 MYR 98,277 91

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