Insurance Pricing Assistant Average Salary in Switzerland 2024
How much money does a person working as Insurance Pricing Assistant make in Switzerland?
LOW
48,900
CHF AVERAGE
99,700
CHF HIGH
156,000
CHF
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
Salary Structure and Pay Scale Comparison
92,500 CHF or more
81,700 to 92,500 CHF
58,000 CHF or less
58,000 to 81,700 CHF
 48,900 CHF |
93,000 CHF |
156,000 CHF |
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 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 |
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 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.
Typical Salary Progress for Most Careers
Salary and Compensation Comparison By Gender / Insurance Pricing Assistant / Switzerland
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 |
Salary Comparison By Gender in Switzerland for all Careers
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.
Switzerland / 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 / Switzerland
How much and how often are bonuses being awarded?
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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 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 / Switzerland
48 CHF per hourThe 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.
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 Title | Average Salary |
| Insurance |  -100% | |
| Actuarial Analyst | 166,000 CHF |  +66% |
| Actuarial Assistant | 118,000 CHF | +18% |
| Actuarial Specialist | 121,000 CHF | +21% |
| Actuary | 173,000 CHF | +73% |
| Adjustment Insurance Clerk | 45,600 CHF | -54% |
| Assistant Broker | 81,600 CHF | -18% |
| Assistant Claims Manager | 141,000 CHF | +41% |
| Associate Insurance Representative | 66,500 CHF | -33% |
| Auditing Insurance Manager | 184,000 CHF | +85% |
| Blockchain Insurance Auditor | 124,000 CHF | +24% |
| Broker | 123,000 CHF | +23% |
| Claim Advocacy Professional | 124,000 CHF | +24% |
| Claims Adjuster | 46,600 CHF | -53% |
| Claims Analyst | 65,900 CHF | -34% |
| Claims Examiner | 66,500 CHF | -33% |
| Claims Manager | 182,000 CHF | +83% |
| Claims Processor | 48,500 CHF | -51% |
| Claims Representative | 54,700 CHF | -45% |
| Claims Resolution Specialist | 135,000 CHF | +35% |
| Claims Supervisor | 131,000 CHF | +31% |
| Complaints Specialist | 121,000 CHF | +21% |
| Compliance Examiner | 124,000 CHF | +24% |
| Compliance Officer | 102,000 CHF | +2% |
| Compliance Reviewer | 124,000 CHF | +24% |
| Consultant | 131,000 CHF | +31% |
| Drone Claims Adjuster | 58,200 CHF | -42% |
| Eligibility Interviewer | 136,000 CHF | +36% |
| Eligibility Specialist | 133,000 CHF | +33% |
| Insurance Account Manager | 155,000 CHF | +55% |
| Insurance Accounts Executive | 135,000 CHF | +35% |
| Insurance Adjuster | 125,000 CHF | +25% |
| Insurance Agent | 76,800 CHF | -23% |
| Insurance Analyst | 131,000 CHF | +31% |
| Insurance Appraiser | 135,000 CHF | +35% |
| Insurance Claims Clerk | 45,600 CHF | -54% |
| Insurance Compliance Officer | 150,000 CHF | +50% |
| Insurance Data Scientist | 124,000 CHF | +24% |
| Insurance Examiner | 114,000 CHF | +14% |
| Insurance Fraud Investigator | 102,000 CHF | +2% |
| Insurance Investigator | 118,000 CHF | +18% |
| Insurance Manager | 219,000 CHF | +120% |
| Insurance Operations Manager | 223,000 CHF | +120% |
| Insurance Policy Processing Clerk | 47,000 CHF | -53% |
| Insurance Pricing Assistant | 99,700 CHF | -0% |
| Insurance Product Manager | 146,000 CHF | +46% |
| Insurance Program Manager | 166,000 CHF | +66% |
| Insurance Project Manager | 166,000 CHF | +66% |
| Insurance Quality Assurance Agent | 111,000 CHF | +11% |
| Insurance Sales Agent | 76,000 CHF | -24% |
| Insurance Sales Director | 205,000 CHF | +110% |
| Insurance Sales Manager | 175,000 CHF | +75% |
| Insurance Sales Representative | 67,200 CHF | -33% |
| Insurance Team Leader | 140,000 CHF | +40% |
| Insurance Underwriter | 92,200 CHF | -8% |
| Insurtech Analyst | 115,000 CHF | +15% |
| Loss Control Specialist | 129,000 CHF | +29% |
| Loss Prevention Investigator | 140,000 CHF | +40% |
| Loss Prevention Manager | 179,000 CHF | +80% |
| Loss Prevention Specialist | 132,000 CHF | +32% |
| Marine Underwriter | 97,900 CHF | -2% |
| Medical Auditor | 129,000 CHF | +29% |
| Monitoring and Performance Officer | 91,200 CHF | -9% |
| Parametric Insurance Specialist | 130,000 CHF | +30% |
| Payment Services Specialist | 135,000 CHF | +35% |
| Peer-to-Peer Insurance Manager | 152,000 CHF | +52% |
| Policy Change Director | 192,000 CHF | +93% |
| Policy Change Supervisor | 134,000 CHF | +34% |
| Policy Change Technician | 60,500 CHF | -39% |
| Risk Analyst | 143,000 CHF | +43% |
| Risk Management Director | 250,000 CHF | +150% |
| Risk Management Supervisor | 163,000 CHF | +63% |
| Risk Manager | 245,000 CHF | +150% |
| Risk Modeling Manager | 247,000 CHF | +150% |
| Social Media Risk Analyst | 138,000 CHF | +38% |
| Title Insurance Typist | 113,000 CHF | +13% |
| Training Manager | 142,000 CHF | +42% |
| Underwriting Assistant | 66,600 CHF | -33% |
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 |
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
