Insurance Pricing Assistant Average Salary in Jordan 2024
How much money does a person working as Insurance Pricing Assistant make in Jordan?
LOW
670
JOD AVERAGE
1,330
JOD HIGH
2,070
JOD
A person working as Insurance Pricing Assistant in Jordan typically earns around 1,330 JOD. Salaries range from 670 JOD (lowest) to 2,070 JOD (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Insurance Pricing Assistant salaries in Jordan vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Insurance Pricing Assistant Pay Scale and Salaries in Jordan
Salary Structure and Pay Scale Comparison
1,230 JOD or more
1,090 to 1,230 JOD
780 JOD or less
780 to 1,090 JOD
 670 JOD |
1,230 JOD |
2,070 JOD |
Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range
Salary Range, Minimum Wage, and Starting Salary
Salaries for the position Insurance Pricing Assistant in Jordan range from 670 JOD (starting salary) to 2,070 JOD (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.
Median Salary
With a median salary of 1,230 JOD, half of the professionals who work as Insurance Pricing Assistant in Jordan earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.
Percentiles and Salary Scale
The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as Insurance Pricing Assistant in Jordan earn less than 1,010 JOD, while 75% earn more. Similarly, the chart shows that 75% earn less than 1,410 JOD while 25% earn more.
Pay Scale Structure
To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title Insurance Pricing Assistant in Jordan compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 780 JOD to 1,090 JOD. About 20% of salaries are below the 780 JOD mark, while 10% fall within the range of 1,090 JOD to 1,230 JOD. Only 5% of individuals have salaries exceeding 1,230 JOD.
Salary Comparison by Years of Experience / Insurance Pricing Assistant / Jordan
How do experience and age affect pay?
| 0 - 2 Years | 800 JOD | |
| 2 - 5 Years | +32% | 1,060 JOD |
| 5 - 10 Years | +34% | 1,420 JOD |
| 10 - 15 Years | +19% | 1,690 JOD |
| 15 - 20 Years | +8% | 1,820 JOD |
| 20+ Years | +7% | 1,960 JOD |
The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage. We broke down salaries by experience level for people working as Insurance Pricing Assistant and this is what we found.
Employees with less than two years of experience earn approximately 800 JOD.
While someone with an experience level between two and five years is expected to earn 1,060 JOD, 32% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 1,420 JOD, 34% more than someone with two to five years of experience.
Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 1,690 JOD, 19% more than someone with five to ten years of experience.
If the experience level is between fifteen and twenty years, then the expected wage is 1,820 JOD, 8% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 1,960 JOD, 7% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary and Compensation Comparison By Gender / Insurance Pricing Assistant / Jordan
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? For the people who work as Insurance Pricing Assistant in Jordan, the average difference between the salary of male and female employees is 7%.
| Male | 1,370 JOD | |
| Female | -6% | 1,290 JOD |
Salary Comparison By Gender in Jordan for all Careers
Average Annual Salary Increment Percentage / Insurance Pricing Assistant / Jordan
How much are annual salary increments in Jordan for individuals working as Insurance Pricing Assistant? How often do employees get salary raises?
Individuals working as Insurance Pricing Assistant in Jordan are likely to observe a salary increase of approximately 9% every 20 months. The national average annual increment for all professions combined is 7% granted to employees every 20 months.
Jordan / All Professions
The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare that people get their salaries reviewed exactly on the one-year mark, it is more meaningful to know the frequency and the rate at the time of the increase.
How to calculate the salary increment percentage?
The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 / Increase Frequency
Worldwide Salary Raises: All Countries and All Jobs
Salary Packages and Schemes
Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.
Bonus and Incentive Rates / Insurance Pricing Assistant / Jordan
How much and how often are bonuses being awarded?
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74% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 26% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 0% to 3% of their annual salary.
| Received Bonus | 26% | |
| No Bonus | 74% |
Types of Bonuses Considered
Individual Performance-Based BonusesThe most standard form of bonus, where the employee is awarded based on their exceptional performance.
Company Performance BonusesOccasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.
Goal-Based BonusesGranted upon achieving an important goal or milestone.
Holiday / End of Year BonusesThese types of bonuses are given without a reason and usually resemble an appreciation token.
Bonuses Are Not Commissions!
People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.
What makes a position worthy of good bonuses and a high salary?
The main two types of jobs | |
| Revenue Generators | Supporting Cast |
Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business. | Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations. |
Example: | Example: |
Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.
Bonus Comparison by Seniority Level
Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.
Average Hourly Wage / Insurance Pricing Assistant / Jordan
8 JOD per hourThe average hourly wage (pay per hour) for individuals working as Insurance Pricing Assistant in Jordan is 8 JOD.This is the rate they get paid for every worked hour.
About The Hourly Pay Rate
The hourly wage is the salary paid in one worked hour. Usually, jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fixed amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.
What is the minimum hourly rate of pay?
The minimum pay rate per hour for people working as Insurance Pricing Assistant in Jordan is 4 JOD. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.
Salary comparison with similar jobs
| Job Title | Average Salary |
| Insurance |  -100% | |
| Actuarial Analyst | 2,250 JOD |  +69% |
| Actuarial Assistant | 1,600 JOD | +20% |
| Actuarial Specialist | 1,630 JOD | +22% |
| Actuary | 2,350 JOD | +76% |
| Adjustment Insurance Clerk | 620 JOD | -54% |
| Assistant Broker | 1,070 JOD | -20% |
| Assistant Claims Manager | 1,800 JOD | +35% |
| Associate Insurance Representative | 860 JOD | -36% |
| Auditing Insurance Manager | 2,500 JOD | +87% |
| Blockchain Insurance Auditor | 1,550 JOD | +16% |
| Broker | 1,760 JOD | +32% |
| Claim Advocacy Professional | 1,640 JOD | +23% |
| Claims Adjuster | 630 JOD | -53% |
| Claims Analyst | 890 JOD | -33% |
| Claims Examiner | 900 JOD | -33% |
| Claims Manager | 2,460 JOD | +84% |
| Claims Processor | 650 JOD | -51% |
| Claims Representative | 770 JOD | -42% |
| Claims Resolution Specialist | 1,770 JOD | +33% |
| Claims Supervisor | 1,590 JOD | +19% |
| Complaints Specialist | 1,560 JOD | +17% |
| Compliance Examiner | 1,570 JOD | +18% |
| Compliance Officer | 1,310 JOD | -2% |
| Compliance Reviewer | 1,570 JOD | +18% |
| Consultant | 1,660 JOD | +24% |
| Drone Claims Adjuster | 720 JOD | -46% |
| Eligibility Interviewer | 1,750 JOD | +31% |
| Eligibility Specialist | 1,620 JOD | +21% |
| Insurance Account Manager | 2,020 JOD | +51% |
| Insurance Accounts Executive | 1,740 JOD | +30% |
| Insurance Adjuster | 1,580 JOD | +18% |
| Insurance Agent | 1,000 JOD | -25% |
| Insurance Analyst | 1,600 JOD | +20% |
| Insurance Appraiser | 1,670 JOD | +25% |
| Insurance Claims Clerk | 630 JOD | -53% |
| Insurance Compliance Officer | 1,810 JOD | +36% |
| Insurance Data Scientist | 1,490 JOD | +12% |
| Insurance Examiner | 1,560 JOD | +17% |
| Insurance Fraud Investigator | 1,360 JOD | +2% |
| Insurance Investigator | 1,610 JOD | +21% |
| Insurance Manager | 2,850 JOD | +110% |
| Insurance Operations Manager | 2,970 JOD | +120% |
| Insurance Policy Processing Clerk | 640 JOD | -52% |
| Insurance Pricing Assistant | 1,330 JOD | -0% |
| Insurance Product Manager | 1,930 JOD | +45% |
| Insurance Program Manager | 2,170 JOD | +63% |
| Insurance Project Manager | 2,110 JOD | +58% |
| Insurance Quality Assurance Agent | 1,500 JOD | +12% |
| Insurance Sales Agent | 1,040 JOD | -22% |
| Insurance Sales Director | 2,770 JOD | +110% |
| Insurance Sales Manager | 2,100 JOD | +57% |
| Insurance Sales Representative | 910 JOD | -32% |
| Insurance Team Leader | 1,760 JOD | +32% |
| Insurance Underwriter | 1,210 JOD | -9% |
| Insurtech Analyst | 1,530 JOD | +15% |
| Loss Control Specialist | 1,680 JOD | +26% |
| Loss Prevention Investigator | 1,820 JOD | +36% |
| Loss Prevention Manager | 2,330 JOD | +75% |
| Loss Prevention Specialist | 1,720 JOD | +29% |
| Marine Underwriter | 1,190 JOD | -11% |
| Medical Auditor | 1,680 JOD | +26% |
| Monitoring and Performance Officer | 1,160 JOD | -13% |
| Parametric Insurance Specialist | 1,650 JOD | +24% |
| Payment Services Specialist | 1,760 JOD | +32% |
| Peer-to-Peer Insurance Manager | 2,120 JOD | +59% |
| Policy Change Director | 2,570 JOD | +93% |
| Policy Change Supervisor | 1,790 JOD | +34% |
| Policy Change Technician | 810 JOD | -39% |
| Risk Analyst | 1,910 JOD | +43% |
| Risk Management Director | 3,330 JOD | +150% |
| Risk Management Supervisor | 2,170 JOD | +63% |
| Risk Manager | 3,260 JOD | +140% |
| Risk Modeling Manager | 2,980 JOD | +120% |
| Social Media Risk Analyst | 1,670 JOD | +25% |
| Title Insurance Typist | 1,500 JOD | +12% |
| Training Manager | 1,860 JOD | +39% |
| Underwriting Assistant | 810 JOD | -39% |
Government vs Private Sector Salary Comparison
Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in Jordan is 8% on average across all career fields.
| Private Sector | 1,550 JOD | |
| Public Sector | +8% | 1,670 JOD |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for the job title Insurance Pricing Assistant in Jordan?
A good and competitive compensation would range anywhere between 1,230 JOD and 1,410 JOD. This is a very rough estimate. Experience and education play a very huge part in the final earnings.
Gross Salary (before tax) and Net Salary (after tax)
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.
Base / Basic Salary
The base salary for a careers like Insurance Pricing Assistant in Jordan ranges from 670 JOD to 1,010 JOD. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.
What is the difference between the median and the average salary?
Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary
