Insurance Pricing Assistant Average Salary in Spain 2024
How much money does a person working as Insurance Pricing Assistant make in Spain?
LOW
1,070
EUR AVERAGE
2,220
EUR HIGH
3,480
EUR
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
Salary Structure and Pay Scale Comparison
2,070 EUR or more
1,830 to 2,070 EUR
1,280 EUR or less
1,280 to 1,830 EUR
 1,070 EUR |
2,090 EUR |
3,480 EUR |
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 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 |
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 1,250 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.
Typical Salary Progress for Most Careers
Salary and Compensation Comparison By Gender / Insurance Pricing Assistant / Spain
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 |
Salary Comparison By Gender in Spain for all Careers
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.
Spain / 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 / Spain
How much and how often are bonuses being awarded?
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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 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 / Spain
13 EUR per hourThe 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.
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 Title | Average Salary |
| Insurance |  -100% | |
| Actuarial Analyst | 3,870 EUR |  +74% |
| Actuarial Assistant | 2,790 EUR | +26% |
| Actuarial Specialist | 2,840 EUR | +28% |
| Actuary | 3,800 EUR | +71% |
| Adjustment Insurance Clerk | 1,230 EUR | -45% |
| Assistant Broker | 1,940 EUR | -13% |
| Assistant Claims Manager | 3,050 EUR | +37% |
| Associate Insurance Representative | 1,520 EUR | -32% |
| Auditing Insurance Manager | 4,270 EUR | +92% |
| Blockchain Insurance Auditor | 2,560 EUR | +15% |
| Broker | 2,800 EUR | +26% |
| Claim Advocacy Professional | 2,930 EUR | +32% |
| Claims Adjuster | 1,230 EUR | -45% |
| Claims Analyst | 1,640 EUR | -26% |
| Claims Examiner | 1,650 EUR | -26% |
| Claims Manager | 4,120 EUR | +86% |
| Claims Processor | 1,250 EUR | -44% |
| Claims Representative | 1,400 EUR | -37% |
| Claims Resolution Specialist | 3,140 EUR | +42% |
| Claims Supervisor | 2,690 EUR | +21% |
| Complaints Specialist | 2,560 EUR | +15% |
| Compliance Examiner | 2,780 EUR | +25% |
| Compliance Officer | 2,310 EUR | +4% |
| Compliance Reviewer | 2,750 EUR | +24% |
| Consultant | 2,920 EUR | +32% |
| Drone Claims Adjuster | 1,370 EUR | -38% |
| Eligibility Interviewer | 3,000 EUR | +35% |
| Eligibility Specialist | 2,730 EUR | +23% |
| Insurance Account Manager | 3,310 EUR | +49% |
| Insurance Accounts Executive | 3,010 EUR | +36% |
| Insurance Adjuster | 2,760 EUR | +24% |
| Insurance Agent | 1,720 EUR | -22% |
| Insurance Analyst | 2,680 EUR | +21% |
| Insurance Appraiser | 2,850 EUR | +28% |
| Insurance Claims Clerk | 1,190 EUR | -46% |
| Insurance Compliance Officer | 3,140 EUR | +42% |
| Insurance Data Scientist | 2,610 EUR | +18% |
| Insurance Examiner | 2,640 EUR | +19% |
| Insurance Fraud Investigator | 2,380 EUR | +7% |
| Insurance Investigator | 2,710 EUR | +22% |
| Insurance Manager | 4,680 EUR | +110% |
| Insurance Operations Manager | 4,620 EUR | +110% |
| Insurance Policy Processing Clerk | 1,200 EUR | -46% |
| Insurance Pricing Assistant | 2,220 EUR | +0% |
| Insurance Product Manager | 3,290 EUR | +48% |
| Insurance Program Manager | 3,770 EUR | +70% |
| Insurance Project Manager | 3,660 EUR | +65% |
| Insurance Quality Assurance Agent | 2,600 EUR | +17% |
| Insurance Sales Agent | 1,800 EUR | -19% |
| Insurance Sales Director | 4,690 EUR | +110% |
| Insurance Sales Manager | 3,600 EUR | +62% |
| Insurance Sales Representative | 1,610 EUR | -27% |
| Insurance Team Leader | 2,880 EUR | +30% |
| Insurance Underwriter | 2,220 EUR | +0% |
| Insurtech Analyst | 2,630 EUR | +19% |
| Loss Control Specialist | 2,880 EUR | +30% |
| Loss Prevention Investigator | 3,100 EUR | +40% |
| Loss Prevention Manager | 3,860 EUR | +74% |
| Loss Prevention Specialist | 2,880 EUR | +30% |
| Marine Underwriter | 2,070 EUR | -7% |
| Medical Auditor | 2,840 EUR | +28% |
| Monitoring and Performance Officer | 2,130 EUR | -4% |
| Parametric Insurance Specialist | 2,920 EUR | +32% |
| Payment Services Specialist | 3,000 EUR | +35% |
| Peer-to-Peer Insurance Manager | 3,560 EUR | +60% |
| Policy Change Director | 4,160 EUR | +87% |
| Policy Change Supervisor | 2,940 EUR | +32% |
| Policy Change Technician | 1,430 EUR | -36% |
| Risk Analyst | 3,070 EUR | +38% |
| Risk Management Director | 5,180 EUR | +130% |
| Risk Management Supervisor | 3,430 EUR | +55% |
| Risk Manager | 5,020 EUR | +130% |
| Risk Modeling Manager | 5,040 EUR | +130% |
| Social Media Risk Analyst | 2,910 EUR | +31% |
| Title Insurance Typist | 2,420 EUR | +9% |
| Training Manager | 3,230 EUR | +46% |
| Underwriting Assistant | 1,470 EUR | -34% |
Salary Comparison By City
| City | Average Salary |
| Barcelona | 2,510 EUR |
| Madrid | 2,620 EUR |
| Palma de Mallorca | 2,090 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 |
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
