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Insurance Pricing Assistant Average Salary in Switzerland 2024

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


Average Yearly Salary
99,700 CHF
( 8,310 CHF monthly)

LOW
48,900
CHF
AVERAGE
99,700
CHF
HIGH
156,000
CHF
All salary figures displayed here are per year 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 Switzerland typically earns around 99,700 CHF. Salaries range from 48,900 CHF (lowest) to 156,000 CHF (highest).


Salary Variance

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

Median and salary distribution Switzerland Insurance Pricing Assistant yearly
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Salary Structure and Pay Scale Comparison

5% of people earn
92,500 CHF or more
10% of people earn
81,700 to 92,500 CHF
20% of people earn
58,000 CHF or less
65% of people earn
58,000 to 81,700 CHF
Minimum Salary
48,900 CHF
Median
93,000 CHF
Maximum
156,000 CHF




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

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

    Salaries for the position Insurance Pricing Assistant in Switzerland range from 48,900 CHF (starting salary) to 156,000 CHF (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 93,000 CHF, half of the professionals who work as Insurance Pricing Assistant in Switzerland 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 Switzerland earn less than 76,100 CHF, while 75% earn more. Similarly, the chart shows that 75% earn less than 106,000 CHF 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 Switzerland compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 58,000 CHF to 81,700 CHF. About 20% of salaries are below the 58,000 CHF mark, while 10% fall within the range of 81,700 CHF to 92,500 CHF. Only 5% of individuals have salaries exceeding 92,500 CHF.

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

How do experience and age affect pay?

0 - 2 Years
57,900 CHF
2 - 5 Years+29%
74,500 CHF
5 - 10 Years+38%
103,000 CHF
10 - 15 Years+24%
127,000 CHF
15 - 20 Years+7%
136,000 CHF
20+ Years+7%
145,000 CHF
Percentage increase and decrease are relative to the previous value
Salary comparison by years of experience yearly Switzerland 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 year except when noted otherwise.

Employees with less than two years of experience earn approximately 57,900 CHF.

While someone with an experience level between two and five years is expected to earn 74,500 CHF, 29% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 103,000 CHF, 38% 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 127,000 CHF, 24% 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 136,000 CHF, 7% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 145,000 CHF, 7% 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 / Switzerland

Salary comparison by gender Switzerland Insurance Pricing Assistant yearly
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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 Switzerland, the average difference between the salary of male and female employees is 4%.

Male
102,000 CHF
Female-4%
97,700 CHF
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Switzerland for all Careers

Salary comparison by gender yearly Switzerland
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Average Annual Salary Increment Percentage / Insurance Pricing Assistant / Switzerland

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

Individuals working as Insurance Pricing Assistant in Switzerland are likely to observe a salary increase of approximately 11% every 15 months. The national average annual increment for all professions combined is 9% granted to employees every 15 months.

Annual Salary Increment Rate Switzerland 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.

Switzerland / All Professions

Annual Salary Increment Rate Switzerland
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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 Switzerland is 7%.

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 / Switzerland

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Switzerland Insurance Pricing Assistant
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67% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 33% 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
33%
No Bonus
67%

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 / Switzerland


48 CHF per hour

The average hourly wage (pay per hour) for individuals working as Insurance Pricing Assistant in Switzerland is 48 CHF.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 Switzerland is 23 CHF. 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 Analyst166,000 CHF+66%
Actuarial Assistant118,000 CHF+18%
Actuarial Specialist121,000 CHF+21%
Actuary173,000 CHF+73%
Adjustment Insurance Clerk45,600 CHF-54%
Assistant Broker81,600 CHF-18%
Assistant Claims Manager141,000 CHF+41%
Associate Insurance Representative66,500 CHF-33%
Auditing Insurance Manager184,000 CHF+85%
Blockchain Insurance Auditor124,000 CHF+24%
Broker123,000 CHF+23%
Claim Advocacy Professional124,000 CHF+24%
Claims Adjuster46,600 CHF-53%
Claims Analyst65,900 CHF-34%
Claims Examiner66,500 CHF-33%
Claims Manager182,000 CHF+83%
Claims Processor48,500 CHF-51%
Claims Representative54,700 CHF-45%
Claims Resolution Specialist135,000 CHF+35%
Claims Supervisor131,000 CHF+31%
Complaints Specialist121,000 CHF+21%
Compliance Examiner124,000 CHF+24%
Compliance Officer102,000 CHF+2%
Compliance Reviewer124,000 CHF+24%
Consultant131,000 CHF+31%
Drone Claims Adjuster58,200 CHF-42%
Eligibility Interviewer136,000 CHF+36%
Eligibility Specialist133,000 CHF+33%
Insurance Account Manager155,000 CHF+55%
Insurance Accounts Executive135,000 CHF+35%
Insurance Adjuster125,000 CHF+25%
Insurance Agent76,800 CHF-23%
Insurance Analyst131,000 CHF+31%
Insurance Appraiser135,000 CHF+35%
Insurance Claims Clerk45,600 CHF-54%
Insurance Compliance Officer150,000 CHF+50%
Insurance Data Scientist124,000 CHF+24%
Insurance Examiner114,000 CHF+14%
Insurance Fraud Investigator102,000 CHF+2%
Insurance Investigator118,000 CHF+18%
Insurance Manager219,000 CHF+120%
Insurance Operations Manager223,000 CHF+120%
Insurance Policy Processing Clerk47,000 CHF-53%
Insurance Pricing Assistant99,700 CHF-0%
Insurance Product Manager146,000 CHF+46%
Insurance Program Manager166,000 CHF+66%
Insurance Project Manager166,000 CHF+66%
Insurance Quality Assurance Agent111,000 CHF+11%
Insurance Sales Agent76,000 CHF-24%
Insurance Sales Director205,000 CHF+110%
Insurance Sales Manager175,000 CHF+75%
Insurance Sales Representative67,200 CHF-33%
Insurance Team Leader140,000 CHF+40%
Insurance Underwriter92,200 CHF-8%
Insurtech Analyst115,000 CHF+15%
Loss Control Specialist129,000 CHF+29%
Loss Prevention Investigator140,000 CHF+40%
Loss Prevention Manager179,000 CHF+80%
Loss Prevention Specialist132,000 CHF+32%
Marine Underwriter97,900 CHF-2%
Medical Auditor129,000 CHF+29%
Monitoring and Performance Officer91,200 CHF-9%
Parametric Insurance Specialist130,000 CHF+30%
Payment Services Specialist135,000 CHF+35%
Peer-to-Peer Insurance Manager152,000 CHF+52%
Policy Change Director192,000 CHF+93%
Policy Change Supervisor134,000 CHF+34%
Policy Change Technician60,500 CHF-39%
Risk Analyst143,000 CHF+43%
Risk Management Director250,000 CHF+150%
Risk Management Supervisor163,000 CHF+63%
Risk Manager245,000 CHF+150%
Risk Modeling Manager247,000 CHF+150%
Social Media Risk Analyst138,000 CHF+38%
Title Insurance Typist113,000 CHF+13%
Training Manager142,000 CHF+42%
Underwriting Assistant66,600 CHF-33%

Salary Comparison By City

CityAverage Salary
Zurich107,000 CHF

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 Switzerland is 4% on average across all career fields.

Private Sector
122,000 CHF
Public Sector+4%
127,000 CHF
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 Switzerland?

A good and competitive compensation would range anywhere between 93,000 CHF and 106,000 CHF. 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 Switzerland ranges from 48,900 CHF to 76,100 CHF. 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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