Insurance Pricing Assistant Average Salary in Taipei 2024

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

Average Monthly Salary

107,000 TWD

( 1,290,000 TWD yearly)

LOW
52,500
TWD AVERAGE
107,000
TWD HIGH
167,000
TWD

Insurance Pricing Assistant Pay Scale and Salaries in Taipei

Salary Structure and Pay Scale Comparison

5% of people earn
99,400 TWD or more

10% of people earn
87,800 to 99,400 TWD

20% of people earn
62,300 TWD or less

65% of people earn
62,300 to 87,800 TWD

Minimum Salary 52,500 TWD

Median 100,000 TWD

Maximum 167,000 TWD

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 Taipei range from 52,500 TWD (starting salary) to 167,000 TWD (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 100,000 TWD, half of the professionals who work as Insurance Pricing Assistant in Taipei 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 Taipei earn less than 81,800 TWD, while 75% earn more. Similarly, the chart shows that 75% earn less than 114,000 TWD 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 Taipei compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 62,300 TWD to 87,800 TWD. About 20% of salaries are below the 62,300 TWD mark, while 10% fall within the range of 87,800 TWD to 99,400 TWD. Only 5% of individuals have salaries exceeding 99,400 TWD.

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

How do experience and age affect pay?

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 62,300 TWD.

While someone with an experience level between two and five years is expected to earn 80,100 TWD, 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 110,000 TWD, 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 137,000 TWD, 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 147,000 TWD, 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 156,000 TWD, 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 / Taipei

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 Taiwan, the average difference between the salary of male and female employees is 9%.

Salary Comparison By Gender in Taiwan for all Careers

Average Annual Salary Increment Percentage / Insurance Pricing Assistant / Taipei

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

Individuals working as Insurance Pricing Assistant in Taiwan are likely to observe a salary increase of approximately % every months. The national average annual increment for all professions combined is 5% granted to employees every 28 months.

Taiwan / 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

Bonus and Incentive Rates / Insurance Pricing Assistant / Taiwan

How much and how often are bonuses being awarded?

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100% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while % said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from % to % of their annual salary.

Received Bonus		%
No Bonus		100%

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?

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 / Taipei

620 TWD per hour

The average hourly wage (pay per hour) for individuals working as Insurance Pricing Assistant in Taipei is 620 TWD.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 Taipei is 300 TWD. 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

Insurance		-100%
Actuarial Analyst	181,000 TWD	+69%
Actuarial Assistant	119,000 TWD	+11%
Actuarial Specialist	125,000 TWD	+17%
Actuary	180,000 TWD	+68%
Adjustment Insurance Clerk	48,500 TWD	-55%
Assistant Broker	81,600 TWD	-24%
Assistant Claims Manager	141,000 TWD	+32%
Associate Insurance Representative	67,600 TWD	-37%
Auditing Insurance Manager	201,000 TWD	+87%
Blockchain Insurance Auditor	119,000 TWD	+11%
Broker	131,000 TWD	+22%
Claim Advocacy Professional	138,000 TWD	+29%
Claims Adjuster	46,900 TWD	-56%
Claims Analyst	68,100 TWD	-36%
Claims Examiner	70,400 TWD	-34%
Claims Manager	179,000 TWD	+67%
Claims Processor	48,700 TWD	-55%
Claims Representative	60,600 TWD	-43%
Claims Resolution Specialist	139,000 TWD	+30%
Claims Supervisor	134,000 TWD	+25%
Complaints Specialist	119,000 TWD	+11%
Compliance Examiner	120,000 TWD	+12%
Compliance Officer	105,000 TWD	-2%
Compliance Reviewer	123,000 TWD	+15%
Consultant	126,000 TWD	+18%
Drone Claims Adjuster	59,600 TWD	-44%
Eligibility Interviewer	144,000 TWD	+34%
Eligibility Specialist	127,000 TWD	+18%
Insurance Account Manager	154,000 TWD	+44%
Insurance Accounts Executive	136,000 TWD	+27%
Insurance Adjuster	127,000 TWD	+18%
Insurance Agent	80,000 TWD	-25%
Insurance Analyst	129,000 TWD	+20%
Insurance Appraiser	134,000 TWD	+25%
Insurance Claims Clerk	46,600 TWD	-57%
Insurance Compliance Officer	149,000 TWD	+39%
Insurance Data Scientist	126,000 TWD	+18%
Insurance Examiner	119,000 TWD	+11%
Insurance Fraud Investigator	106,000 TWD	-1%
Insurance Investigator	126,000 TWD	+18%
Insurance Manager	223,000 TWD	+110%
Insurance Operations Manager	233,000 TWD	+120%
Insurance Policy Processing Clerk	46,600 TWD	-57%
Insurance Pricing Assistant	107,000 TWD	-0%
Insurance Product Manager	155,000 TWD	+45%
Insurance Program Manager	175,000 TWD	+63%
Insurance Project Manager	161,000 TWD	+50%
Insurance Quality Assurance Agent	109,000 TWD	+2%
Insurance Sales Agent	77,300 TWD	-28%
Insurance Sales Director	207,000 TWD	+93%
Insurance Sales Manager	178,000 TWD	+66%
Insurance Sales Representative	70,000 TWD	-35%
Insurance Team Leader	145,000 TWD	+35%
Insurance Underwriter	102,000 TWD	-5%
Insurtech Analyst	126,000 TWD	+18%
Loss Control Specialist	125,000 TWD	+17%
Loss Prevention Investigator	139,000 TWD	+30%
Loss Prevention Manager	182,000 TWD	+70%
Loss Prevention Specialist	138,000 TWD	+29%
Marine Underwriter	101,000 TWD	-6%
Medical Auditor	132,000 TWD	+23%
Monitoring and Performance Officer	93,100 TWD	-13%
Parametric Insurance Specialist	136,000 TWD	+27%
Payment Services Specialist	134,000 TWD	+25%
Peer-to-Peer Insurance Manager	154,000 TWD	+44%
Policy Change Director	212,000 TWD	+98%
Policy Change Supervisor	137,000 TWD	+28%
Policy Change Technician	63,600 TWD	-41%
Risk Analyst	142,000 TWD	+32%
Risk Management Director	255,000 TWD	+140%
Risk Management Supervisor	170,000 TWD	+59%
Risk Manager	237,000 TWD	+120%
Risk Modeling Manager	245,000 TWD	+130%
Social Media Risk Analyst	137,000 TWD	+28%
Title Insurance Typist	109,000 TWD	+2%
Training Manager	142,000 TWD	+32%
Underwriting Assistant	68,500 TWD	-36%

Salary Comparison By City

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 Taiwan is 7% on average across all career fields.

Salary Statistics and Calculation Guide

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

A good and competitive compensation would range anywhere between 100,000 TWD and 114,000 TWD. 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 Taipei ranges from 52,500 TWD to 81,800 TWD. 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.