INSURANCE SALARY IN SINGAPORE

Singapore   Singapore  • Change Location

Average gross salary for Insurance GROSS SALARY
SGD 110,514
Average gorss salary (USD) for Insurance GROSS SALARY (USD)
US$ 85,898
Average net salary for Insurance NET SALARY
SGD 93,644
The most typical salary for Insurance MOST TYPICAL GROSS
SGD 35,644
  Updated: 25 Jul 2020   Diff. gross vs. net: 15%
  Salary entries: 60

Insurance Earnings in Singapore

Average salary for Insurance in Singapore is SGD 110,514.

Average take home earning is SGD 93,644 (Net).

The most typical salary is SGD 35,644 (Gross).

These data are from our visitors surveys (60 individual salaries).

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Percentage of people Earn this salary or more
13 % SGD 270,000
17 % SGD 200,000
20 % SGD 170,000
50 % SGD 96,000
93 % SGD 35,644
98 % SGD 26,666
100 % SGD 10,001
Career Avg. gross salary (USD) Salary entries
Insurance Underwriter SGD 129,866 US$ 101,546 12
Insurance Agent SGD 112,428 US$ 89,544 07
Life Insurance SGD 112,085 US$ 85,901 07
Insurance Broker SGD 162,583 US$ 129,083 06
Insurance SGD 58,600 US$ 45,504 05
Commercial Insurance SGD 104,250 US$ 77,459 04
General Insurance SGD 82,689 US$ 64,169 04
Health Insurance SGD 60,666 US$ 45,842 03
Insurance Sales SGD 122,500 US$ 91,918 02
Risk Management Insurance SGD 110,000 US$ 88,472 02
City Avg. gross salary (USD) Salary entries
Singapore SGD 110,514 US$ 85,898 60
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  SALARY BY LEVEL   INSURANCE   SINGAPORE

Singapore •  Change Location

Salary levels Avg. gross salary (USD) Avg. gross salary   Salary entries
More US$ 214,280 SGD 270,000
08
205K US$ 152,647 SGD 200,000
02
175K US$ 136,112 SGD 170,000
01
185K US$ 132,835 SGD 180,000
01
165K US$ 126,160 SGD 160,000
01
155K US$ 114,947 SGD 151,333
06
125K US$ 95,914 SGD 120,000
04
135K US$ 92,181 SGD 130,000
01
115K US$ 85,746 SGD 113,756
01
105K US$ 76,604 SGD 100,000
04
95K US$ 68,257 SGD 96,000
01
75K US$ 57,924 SGD 73,566
06
65K US$ 48,340 SGD 61,750
04
55K US$ 38,718 SGD 50,133
03
45K US$ 34,773 SGD 45,875
04
35K US$ 27,422 SGD 35,644
09
25K US$ 21,089 SGD 26,666
03
15K US$ 7,092 SGD 10,001
01

  SALARY BY GENDER   INSURANCE   SINGAPORE

Singapore •  Change Location

Avg. gross salary (USD) Avg. gross salary   Salary entries
Men US$ 104,659 SGD 134,259 31
Women US$ 82,533 SGD 107,258 17
N/A US$ 42,200 SGD 53,783 12

  SALARY BY EDUCATION   INSURANCE   SINGAPORE

Singapore •  Change Location

Avg. gross salary (USD) Avg. gross salary   Salary entries
Doctorate Degree US$ 121,837 SGD 160,000 02
Masters Degree US$ 121,459 SGD 155,333 09
Bachelors Degree US$ 82,124 SGD 105,682 37
Some College US$ 54,402 SGD 70,260 10
High School US$ 117,233 SGD 150,000 02

Insurance workers holding Doctorate Degree degrees enjoy the highest average gross salaries in Singapore. With an earned Doctorate Degree, they grosses SGD 160,000. While Insurance workers with Some College education earn the least, with an average gross income of SGD 70,260. This is 123.96% lower of what Doctorate Degree degree holders earn.


  SALARY BY EXPERIENCE   INSURANCE   SINGAPORE

Singapore •  Change Location

Avg. gross salary (USD) Avg. gross salary   Salary entries
20+ Years US$ 147,895 SGD 185,800 10
16-20 Years US$ 138,074 SGD 181,626 06
12-16 Years US$ 85,482 SGD 111,800 09
8-12 Years US$ 82,334 SGD 107,111 09
4-8 Years US$ 72,771 SGD 92,600 13
2-4 Years US$ 31,229 SGD 40,562 08
1-2 Years US$ 28,055 SGD 36,250 04
0-1 Year US$ 28,080 SGD 39,600 01

Insurance workers in Singapore with more years of work experience outperform their counterparts with less experience. Workers with 20+ Years of experience earn a gross average of SGD 185,800 compared to SGD 36,250 for their counterparts with 1-2 Years of experience. The difference between workers with 20+ Years of experience and 1-2 Years is 427.16%.


  SALARY BY AGE   INSURANCE   SINGAPORE

Singapore •  Change Location

Avg. gross salary (USD) Avg. gross salary   Salary entries
57-62 US$ 189,239 SGD 240,000 01
51-56 US$ 177,795 SGD 222,500 04
45-50 US$ 104,531 SGD 132,000 05
39-44 US$ 108,730 SGD 141,479 12
33-38 US$ 79,333 SGD 103,720 10
27-32 US$ 76,813 SGD 99,421 14
22-26 US$ 25,473 SGD 34,300 02
N/A US$ 42,200 SGD 53,783 12
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  SALARY BY CAREER   INSURANCE   SINGAPORE

Singapore •  Change Location

# Avg. gross salary (USD) Avg. gross salary   Salary entries
1. Marketing Associate Insurance US$ 188,443 SGD 250,000 01
2. Insurance Broker US$ 129,083 SGD 162,583 06
3. Insurance Underwriter US$ 101,546 SGD 129,866 12
4. Insurance Sales US$ 91,918 SGD 122,500 02
5. Insurance Agent US$ 89,544 SGD 112,428 07
6. Life Insurance US$ 85,901 SGD 112,085 07
7. Risk Management Insurance US$ 88,472 SGD 110,000 02
8. Commercial Insurance US$ 77,459 SGD 104,250 04
9. Other Insurance Career US$ 64,564 SGD 83,942 07
10. General Insurance US$ 64,169 SGD 82,689 04
11. Health Insurance US$ 45,842 SGD 60,666 03
12. Insurance US$ 45,504 SGD 58,600 05

Show all careers »

In Singapore economy, Marketing Associate Insurance is on the top list of highest earners, earning an average gross salary of SGD 250,000. Insurance Broker and Insurance Underwriter follow, earning SGD 162,583 and SGD 129,866, respectively. Insurance earn a gross annual average of SGD 58,600, while Health Insurance earn SGD 60,666. The gap between the lowest and the highest paid careers is 314.12%.


  SALARY BY JOB TYPE   INSURANCE   SINGAPORE

Singapore •  Change Location

Avg. gross salary (USD) Avg. gross salary   Salary entries
Permanent US$ 89,284 SGD 114,728 52
Contract US$ 28,247 SGD 36,000 01
Self Employed US$ 68,982 SGD 89,857 07
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  SALARY BY CITY   INSURANCE   SINGAPORE

Singapore •  Change Location

# Avg. gross salary (USD) Avg. gross salary   Salary entries
1. Singapore Insurance in Singapore US$ 85,898 SGD 110,514 60

Show all cities »


  SALARY BY COUNTRY    INSURANCE

# Avg. gross salary (USD) Avg. gross salary   Salary entries
1. Germany Germany Insurance in Germany US$ 101,681 EUR 80,818 11
2. Australia Australia Insurance in Australia US$ 95,404 AU$ 110,822 35
3. United Kingdom United Kingdom Insurance in United Kingdom US$ 86,374 GBP 58,096 53
4. Singapore Singapore US$ 85,898 SGD 110,514 60
5. Hong Kong Hong Kong Insurance in Hong Kong US$ 76,997 HKD 598,830 39
6. United States United States Insurance US$ 76,049 US$ 76,049 416
7. New Zealand New Zealand Insurance in New Zealand US$ 52,584 NZ$ 67,759 22
8. Indonesia Indonesia Insurance in Indonesia US$ 30,033 IDR 372,091,840 22
9. Malaysia Malaysia Insurance in Malaysia US$ 28,724 MYR 99,016 98

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(11/11)  PROGRAM MANAGER


 Posted: 25 Jul 2020

Doctorate Degree, 12-16 years: "FLMI, CSP, CSPO."
Individual GROSS salary:
SGD 200,000
US$ 147,595


(10/11)  SENIOR MANAGER


 Posted: 18 Jul 2020

Bachelors Degree, 16-20 years: "Management of financial consultants."
Individual GROSS salary:
SGD 180,000
US$ 132,835


(9/11)  MANAGER


 Posted: 11 Oct 2019

Bachelors Degree, 4-8 years: "Underwriting, reporting, liasing with brokers."
Individual GROSS salary:
SGD 100,000
US$ 75,377


(8/11)  CONTACT CENTRE CONSULTANT


 Posted: 23 Jul 2019

Some College, 12-16 years: "To manage all the inbound calls."
Individual GROSS salary:
SGD 37,200
US$ 28,040


(7/11)  MANAGER


 Posted: 26 Jun 2019

Bachelors Degree, 16-20 years: "Handle clients and advise on general insurance."
Individual GROSS salary:
SGD 113,756
US$ 85,746


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(6/11)  BUSINESS DEV


 Posted: 28 May 2019

Bachelors Degree, 16-20 years: "Regional work business development work around the region for an insurance company based in singapore."
Individual GROSS salary:
SGD 250,000
US$ 188,443


(5/11)  UNDERWRITER


 Posted: 28 Mar 2019

Masters Degree, 4-8 years: "Underwriting Managing countries and key clients."
Individual GROSS salary:
SGD 150,000
US$ 113,066


(4/11)  FINANCIAL PLANNER


 Posted: 22 Aug 2018

High School, 8-12 years: "Sales of financial products."
Individual GROSS salary:
SGD 60,000
US$ 45,226


(3/11)  OPERATIONS EXEC


 Posted: 04 Feb 2018

Some College, 4-8 years: "Insurance enrollment processing for new business."
Individual GROSS salary:
SGD 47,000
US$ 35,427


(2/11)  ANALYST


 Posted: 02 Dec 2017

Bachelors Degree, 0-1 year: "Provide consulting services to insurance and financial regulator clientele."
Individual GROSS salary:
SGD 39,600
US$ 28,080


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(1/11)  BROKER


 Posted: 28 Aug 2017

Bachelors Degree, 2-4 years: "Insurance Broking - self explanatory."
Individual GROSS salary:
SGD 45,500
US$ 32,263


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