A person working as Insurance Pricing Assistant in Monaco typically earns around 3,490 EUR. Salaries range from 1,640 EUR (lowest) to 5,520 EUR (highest).
This is the average salary including housing, transport, and other benefits. Insurance Pricing Assistant salaries in Monaco vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Minimum Salary 1,640 EUR |
Median 3,310 EUR |
Maximum 5,520 EUR |
Salaries for the position Insurance Pricing Assistant in Monaco range from 1,640 EUR (starting salary) to 5,520 EUR (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.
With a median salary of 3,310 EUR, half of the professionals who work as Insurance Pricing Assistant in Monaco 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.
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 Monaco earn less than 2,680 EUR, while 75% earn more. Similarly, the chart shows that 75% earn less than 3,800 EUR while 25% earn more.
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 Monaco compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 2,010 EUR to 2,890 EUR. About 20% of salaries are below the 2,010 EUR mark, while 10% fall within the range of 2,890 EUR to 3,290 EUR. Only 5% of individuals have salaries exceeding 3,290 EUR.
0 - 2 Years | 1,890 EUR | |
2 - 5 Years | +38% | 2,610 EUR |
5 - 10 Years | +42% | 3,710 EUR |
10 - 15 Years | +22% | 4,530 EUR |
15 - 20 Years | +6% | 4,780 EUR |
20+ Years | +9% | 5,210 EUR |
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 1,890 EUR.
While someone with an experience level between two and five years is expected to earn 2,610 EUR, 38% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 3,710 EUR, 42% 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 4,530 EUR, 22% 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 4,780 EUR, 6% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 5,210 EUR, 9% more than people with fifteen to twenty years of experience.
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 Monaco, the average difference between the salary of male and female employees is 14%.
Male | 3,740 EUR | |
Female | -12% | 3,290 EUR |
Individuals working as Insurance Pricing Assistant in Monaco are likely to observe a salary increase of approximately 7% every 28 months. The national average annual increment for all professions combined is 5% granted to employees every 28 months.
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.
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
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.
85% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 15% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 0% to 4% of their annual salary.
Received Bonus | 15% | |
No Bonus | 85% |
The 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.
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.
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.
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.
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.
The minimum pay rate per hour for people working as Insurance Pricing Assistant in Monaco is 9 EUR. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.
Job Title | Average Salary |
Insurance | -100% | |
Actuarial Analyst | 5,690 EUR | +63% |
Actuarial Assistant | 3,860 EUR | +11% |
Actuarial Specialist | 4,080 EUR | +17% |
Actuary | 5,390 EUR | +54% |
Adjustment Insurance Clerk | 1,730 EUR | -50% |
Assistant Broker | 2,930 EUR | -16% |
Assistant Claims Manager | 4,690 EUR | +34% |
Associate Insurance Representative | 2,420 EUR | -31% |
Auditing Insurance Manager | 6,280 EUR | +80% |
Blockchain Insurance Auditor | 3,920 EUR | +12% |
Broker | 4,160 EUR | +19% |
Claim Advocacy Professional | 4,170 EUR | +19% |
Claims Adjuster | 1,700 EUR | -51% |
Claims Analyst | 2,370 EUR | -32% |
Claims Examiner | 2,460 EUR | -30% |
Claims Manager | 5,790 EUR | +66% |
Claims Processor | 1,820 EUR | -48% |
Claims Representative | 2,060 EUR | -41% |
Claims Resolution Specialist | 4,650 EUR | +33% |
Claims Supervisor | 4,090 EUR | +17% |
Complaints Specialist | 4,120 EUR | +18% |
Compliance Examiner | 3,980 EUR | +14% |
Compliance Officer | 3,490 EUR | = |
Compliance Reviewer | 4,100 EUR | +17% |
Consultant | 4,170 EUR | +19% |
Drone Claims Adjuster | 2,040 EUR | -42% |
Eligibility Interviewer | 4,710 EUR | +35% |
Eligibility Specialist | 4,320 EUR | +24% |
Insurance Account Manager | 5,050 EUR | +45% |
Insurance Accounts Executive | 4,370 EUR | +25% |
Insurance Adjuster | 3,870 EUR | +11% |
Insurance Agent | 2,560 EUR | -27% |
Insurance Analyst | 4,390 EUR | +26% |
Insurance Appraiser | 4,330 EUR | +24% |
Insurance Claims Clerk | 1,700 EUR | -51% |
Insurance Compliance Officer | 4,920 EUR | +41% |
Insurance Data Scientist | 3,840 EUR | +10% |
Insurance Examiner | 3,920 EUR | +12% |
Insurance Fraud Investigator | 3,650 EUR | +5% |
Insurance Investigator | 4,180 EUR | +20% |
Insurance Manager | 7,020 EUR | +100% |
Insurance Operations Manager | 7,390 EUR | +110% |
Insurance Policy Processing Clerk | 1,740 EUR | -50% |
Insurance Pricing Assistant | 3,490 EUR | = |
Insurance Product Manager | 4,730 EUR | +36% |
Insurance Program Manager | 5,260 EUR | +51% |
Insurance Project Manager | 5,240 EUR | +50% |
Insurance Quality Assurance Agent | 3,660 EUR | +5% |
Insurance Sales Agent | 2,720 EUR | -22% |
Insurance Sales Director | 6,480 EUR | +86% |
Insurance Sales Manager | 5,300 EUR | +52% |
Insurance Sales Representative | 2,280 EUR | -35% |
Insurance Team Leader | 4,690 EUR | +34% |
Insurance Underwriter | 3,170 EUR | -9% |
Insurtech Analyst | 3,940 EUR | +13% |
Loss Control Specialist | 4,000 EUR | +15% |
Loss Prevention Investigator | 4,470 EUR | +28% |
Loss Prevention Manager | 5,790 EUR | +66% |
Loss Prevention Specialist | 4,500 EUR | +29% |
Marine Underwriter | 3,140 EUR | -10% |
Medical Auditor | 4,260 EUR | +22% |
Monitoring and Performance Officer | 3,110 EUR | -11% |
Parametric Insurance Specialist | 4,440 EUR | +27% |
Payment Services Specialist | 4,330 EUR | +24% |
Peer-to-Peer Insurance Manager | 5,270 EUR | +51% |
Policy Change Director | 6,440 EUR | +85% |
Policy Change Supervisor | 4,730 EUR | +36% |
Policy Change Technician | 2,170 EUR | -38% |
Risk Analyst | 4,530 EUR | +30% |
Risk Management Director | 7,980 EUR | +130% |
Risk Management Supervisor | 5,490 EUR | +57% |
Risk Manager | 7,560 EUR | +120% |
Risk Modeling Manager | 7,880 EUR | +130% |
Social Media Risk Analyst | 4,550 EUR | +30% |
Title Insurance Typist | 3,640 EUR | +4% |
Training Manager | 4,870 EUR | +40% |
Underwriting Assistant | 2,230 EUR | -36% |
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 Monaco is 10% on average across all career fields.
Private Sector | 4,130 EUR | |
Public Sector | +10% | 4,550 EUR |
A good and competitive compensation would range anywhere between 3,310 EUR and 3,800 EUR. This is a very rough estimate. Experience and education play a very huge part in the final earnings.
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.
The base salary for a careers like Insurance Pricing Assistant in Monaco ranges from 1,640 EUR to 2,680 EUR. 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.
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
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