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Insurance Pricing Assistant Average Salary in Spain 2024

How much money does a person working as Insurance Pricing Assistant make in Spain?


Average Monthly Salary
2,220 EUR
( 26,600 EUR yearly)

LOW
1,070
EUR
AVERAGE
2,220
EUR
HIGH
3,480
EUR
All salary figures displayed here are per month except when noted otherwise.
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.

A person working as Insurance Pricing Assistant in Spain typically earns around 2,220 EUR. Salaries range from 1,070 EUR (lowest) to 3,480 EUR (highest).


Salary Variance

This is the average salary including housing, transport, and other benefits. Insurance Pricing Assistant salaries in Spain 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 Spain

Median and salary distribution Spain Insurance Pricing Assistant monthly
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Salary Structure and Pay Scale Comparison

5% of people earn
2,070 EUR or more
10% of people earn
1,830 to 2,070 EUR
20% of people earn
1,280 EUR or less
65% of people earn
1,280 to 1,830 EUR
Minimum Salary
1,070 EUR
Median
2,090 EUR
Maximum
3,480 EUR




Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range

All salary figures displayed here are per month except when noted otherwise.
  • Salary Range, Minimum Wage, and Starting Salary

    Salaries for the position Insurance Pricing Assistant in Spain range from 1,070 EUR (starting salary) to 3,480 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.

  • Median Salary

    With a median salary of 2,090 EUR, half of the professionals who work as Insurance Pricing Assistant in Spain 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 Spain earn less than 1,700 EUR, while 75% earn more. Similarly, the chart shows that 75% earn less than 2,390 EUR 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 Spain compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 1,280 EUR to 1,830 EUR. About 20% of salaries are below the 1,280 EUR mark, while 10% fall within the range of 1,830 EUR to 2,070 EUR. Only 5% of individuals have salaries exceeding 2,070 EUR.

Salary Comparison by Years of Experience / Insurance Pricing Assistant / Spain

How do experience and age affect pay?

0 - 2 Years
1,250 EUR
2 - 5 Years+42%
1,770 EUR
5 - 10 Years+31%
2,320 EUR
10 - 15 Years+23%
2,860 EUR
15 - 20 Years+6%
3,040 EUR
20+ Years+10%
3,330 EUR
Percentage increase and decrease are relative to the previous value
Salary comparison by years of experience monthly Spain Insurance Pricing Assistant
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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.


All salary figures displayed here are per month except when noted otherwise.

Employees with less than two years of experience earn approximately 1,250 EUR.

While someone with an experience level between two and five years is expected to earn 1,770 EUR, 42% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 2,320 EUR, 31% 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 2,860 EUR, 23% 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 3,040 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 3,330 EUR, 10% more than people with fifteen to twenty years of experience.

On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark.
* Based on the average change in salary over time. Salary variations differ from person to person.

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Salary and Compensation Comparison By Gender / Insurance Pricing Assistant / Spain

Salary comparison by gender Spain Insurance Pricing Assistant monthly
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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 Spain, the average difference between the salary of male and female employees is 5%.

Male
2,270 EUR
Female-4%
2,170 EUR
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Spain for all Careers

Salary comparison by gender monthly Spain
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Average Annual Salary Increment Percentage / Insurance Pricing Assistant / Spain

How much are annual salary increments in Spain for individuals working as Insurance Pricing Assistant? How often do employees get salary raises?

Individuals working as Insurance Pricing Assistant in Spain are likely to observe a salary increase of approximately 10% every 17 months. The national average annual increment for all professions combined is 8% granted to employees every 17 months.

Annual Salary Increment Rate Spain Insurance Pricing Assistant
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The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.

Spain / All Professions

Annual Salary Increment Rate Spain
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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

The average salary increase in one year (12 months) in Spain is 6%.

Worldwide Salary Raises: All Countries and All Jobs

World Average Annual Salary Increment
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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 / Spain

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Spain Insurance Pricing Assistant
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68% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 32% 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
32%
No Bonus
68%

Types of Bonuses Considered

Individual Performance-Based Bonuses

The most standard form of bonus, where the employee is awarded based on their exceptional performance.

Company Performance Bonuses

Occasionally, 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 Bonuses

Granted upon achieving an important goal or milestone.

Holiday / End of Year Bonuses

These 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 GeneratorsSupporting 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:
A graphics designer working for a graphics designing company.

Example:
A graphic designer in the marketing department of a hospital.


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.

Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.

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 / Spain


13 EUR per hour

The average hourly wage (pay per hour) for individuals working as Insurance Pricing Assistant in Spain is 13 EUR.This is the rate they get paid for every worked hour.


Hourly Wage = Annual Salary / ( 52 x 5 x 8 )

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 Spain is 6 EUR. 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 TitleAverage Salary
Insurance-100%
Actuarial Analyst3,870 EUR+74%
Actuarial Assistant2,790 EUR+26%
Actuarial Specialist2,840 EUR+28%
Actuary3,800 EUR+71%
Adjustment Insurance Clerk1,230 EUR-45%
Assistant Broker1,940 EUR-13%
Assistant Claims Manager3,050 EUR+37%
Associate Insurance Representative1,520 EUR-32%
Auditing Insurance Manager4,270 EUR+92%
Blockchain Insurance Auditor2,560 EUR+15%
Broker2,800 EUR+26%
Claim Advocacy Professional2,930 EUR+32%
Claims Adjuster1,230 EUR-45%
Claims Analyst1,640 EUR-26%
Claims Examiner1,650 EUR-26%
Claims Manager4,120 EUR+86%
Claims Processor1,250 EUR-44%
Claims Representative1,400 EUR-37%
Claims Resolution Specialist3,140 EUR+42%
Claims Supervisor2,690 EUR+21%
Complaints Specialist2,560 EUR+15%
Compliance Examiner2,780 EUR+25%
Compliance Officer2,310 EUR+4%
Compliance Reviewer2,750 EUR+24%
Consultant2,920 EUR+32%
Drone Claims Adjuster1,370 EUR-38%
Eligibility Interviewer3,000 EUR+35%
Eligibility Specialist2,730 EUR+23%
Insurance Account Manager3,310 EUR+49%
Insurance Accounts Executive3,010 EUR+36%
Insurance Adjuster2,760 EUR+24%
Insurance Agent1,720 EUR-22%
Insurance Analyst2,680 EUR+21%
Insurance Appraiser2,850 EUR+28%
Insurance Claims Clerk1,190 EUR-46%
Insurance Compliance Officer3,140 EUR+42%
Insurance Data Scientist2,610 EUR+18%
Insurance Examiner2,640 EUR+19%
Insurance Fraud Investigator2,380 EUR+7%
Insurance Investigator2,710 EUR+22%
Insurance Manager4,680 EUR+110%
Insurance Operations Manager4,620 EUR+110%
Insurance Policy Processing Clerk1,200 EUR-46%
Insurance Pricing Assistant2,220 EUR+0%
Insurance Product Manager3,290 EUR+48%
Insurance Program Manager3,770 EUR+70%
Insurance Project Manager3,660 EUR+65%
Insurance Quality Assurance Agent2,600 EUR+17%
Insurance Sales Agent1,800 EUR-19%
Insurance Sales Director4,690 EUR+110%
Insurance Sales Manager3,600 EUR+62%
Insurance Sales Representative1,610 EUR-27%
Insurance Team Leader2,880 EUR+30%
Insurance Underwriter2,220 EUR+0%
Insurtech Analyst2,630 EUR+19%
Loss Control Specialist2,880 EUR+30%
Loss Prevention Investigator3,100 EUR+40%
Loss Prevention Manager3,860 EUR+74%
Loss Prevention Specialist2,880 EUR+30%
Marine Underwriter2,070 EUR-7%
Medical Auditor2,840 EUR+28%
Monitoring and Performance Officer2,130 EUR-4%
Parametric Insurance Specialist2,920 EUR+32%
Payment Services Specialist3,000 EUR+35%
Peer-to-Peer Insurance Manager3,560 EUR+60%
Policy Change Director4,160 EUR+87%
Policy Change Supervisor2,940 EUR+32%
Policy Change Technician1,430 EUR-36%
Risk Analyst3,070 EUR+38%
Risk Management Director5,180 EUR+130%
Risk Management Supervisor3,430 EUR+55%
Risk Manager5,020 EUR+130%
Risk Modeling Manager5,040 EUR+130%
Social Media Risk Analyst2,910 EUR+31%
Title Insurance Typist2,420 EUR+9%
Training Manager3,230 EUR+46%
Underwriting Assistant1,470 EUR-34%

Salary Comparison By City

CityAverage Salary
Barcelona2,510 EUR
Madrid2,620 EUR
Palma de Mallorca2,090 EUR

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 Spain is 5% on average across all career fields.

Private Sector
2,660 EUR
Public Sector+5%
2,780 EUR
Percentage increase and decrease are relative to the previous value

Salary Statistics and Calculation Guide

What is considered to be a good and competitive salary for the job title Insurance Pricing Assistant in Spain?

A good and competitive compensation would range anywhere between 2,090 EUR and 2,390 EUR. 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 Spain ranges from 1,070 EUR to 1,700 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.


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


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