Insurance Pricing Assistant Average Salary in Thailand 2024
How much money does a person working as Insurance Pricing Assistant make in Thailand?
LOW
42,200
THB AVERAGE
82,800
THB HIGH
127,000
THB
A person working as Insurance Pricing Assistant in Thailand typically earns around 82,800 THB. Salaries range from 42,200 THB (lowest) to 127,000 THB (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Insurance Pricing Assistant salaries in Thailand 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 Thailand
Salary Structure and Pay Scale Comparison
75,500 THB or more
67,100 to 75,500 THB
48,500 THB or less
48,500 to 67,100 THB
 42,200 THB |
75,900 THB |
127,000 THB |
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 Thailand range from 42,200 THB (starting salary) to 127,000 THB (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 75,900 THB, half of the professionals who work as Insurance Pricing Assistant in Thailand 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 Thailand earn less than 62,700 THB, while 75% earn more. Similarly, the chart shows that 75% earn less than 86,400 THB 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 Thailand compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 48,500 THB to 67,100 THB. About 20% of salaries are below the 48,500 THB mark, while 10% fall within the range of 67,100 THB to 75,500 THB. Only 5% of individuals have salaries exceeding 75,500 THB.
Salary Comparison by Years of Experience / Insurance Pricing Assistant / Thailand
How do experience and age affect pay?
| 0 - 2 Years | 47,300 THB | |
| 2 - 5 Years | +31% | 61,800 THB |
| 5 - 10 Years | +40% | 86,500 THB |
| 10 - 15 Years | +20% | 104,000 THB |
| 15 - 20 Years | +9% | 113,000 THB |
| 20+ Years | +8% | 122,000 THB |
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 47,300 THB.
While someone with an experience level between two and five years is expected to earn 61,800 THB, 31% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 86,500 THB, 40% 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 104,000 THB, 20% 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 113,000 THB, 9% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 122,000 THB, 8% 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 / Thailand
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 Thailand, the average difference between the salary of male and female employees is 13%.
| Male | 88,100 THB | |
| Female | -12% | 77,900 THB |
Salary Comparison By Gender in Thailand for all Careers
Average Annual Salary Increment Percentage / Insurance Pricing Assistant / Thailand
How much are annual salary increments in Thailand for individuals working as Insurance Pricing Assistant? How often do employees get salary raises?
Individuals working as Insurance Pricing Assistant in Thailand 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.
Thailand / 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 / Thailand
How much and how often are bonuses being awarded?
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71% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 29% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 1% to 3% of their annual salary.
| Received Bonus | 29% | |
| No Bonus | 71% |
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 / Thailand
480 THB per hourThe average hourly wage (pay per hour) for individuals working as Insurance Pricing Assistant in Thailand is 480 THB.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 Thailand is 240 THB. 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 | 130,000 THB |  +57% |
| Actuarial Assistant | 92,700 THB | +12% |
| Actuarial Specialist | 95,400 THB | +15% |
| Actuary | 131,000 THB | +58% |
| Adjustment Insurance Clerk | 35,500 THB | -57% |
| Assistant Broker | 61,900 THB | -25% |
| Assistant Claims Manager | 107,000 THB | +29% |
| Associate Insurance Representative | 52,800 THB | -36% |
| Auditing Insurance Manager | 144,000 THB | +74% |
| Blockchain Insurance Auditor | 95,900 THB | +16% |
| Broker | 101,000 THB | +22% |
| Claim Advocacy Professional | 102,000 THB | +23% |
| Claims Adjuster | 36,600 THB | -56% |
| Claims Analyst | 52,000 THB | -37% |
| Claims Examiner | 52,800 THB | -36% |
| Claims Manager | 146,000 THB | +76% |
| Claims Processor | 38,900 THB | -53% |
| Claims Representative | 42,600 THB | -49% |
| Claims Resolution Specialist | 112,000 THB | +35% |
| Claims Supervisor | 95,100 THB | +15% |
| Complaints Specialist | 88,000 THB | +6% |
| Compliance Examiner | 90,400 THB | +9% |
| Compliance Officer | 84,600 THB | +2% |
| Compliance Reviewer | 90,600 THB | +9% |
| Consultant | 95,100 THB | +15% |
| Drone Claims Adjuster | 46,600 THB | -44% |
| Eligibility Interviewer | 103,000 THB | +24% |
| Eligibility Specialist | 97,800 THB | +18% |
| Insurance Account Manager | 123,000 THB | +49% |
| Insurance Accounts Executive | 112,000 THB | +35% |
| Insurance Adjuster | 92,000 THB | +11% |
| Insurance Agent | 61,300 THB | -26% |
| Insurance Analyst | 96,900 THB | +17% |
| Insurance Appraiser | 99,300 THB | +20% |
| Insurance Claims Clerk | 37,400 THB | -55% |
| Insurance Compliance Officer | 116,000 THB | +40% |
| Insurance Data Scientist | 95,900 THB | +16% |
| Insurance Examiner | 93,500 THB | +13% |
| Insurance Fraud Investigator | 79,500 THB | -4% |
| Insurance Investigator | 97,500 THB | +18% |
| Insurance Manager | 170,000 THB | +110% |
| Insurance Operations Manager | 170,000 THB | +110% |
| Insurance Policy Processing Clerk | 39,000 THB | -53% |
| Insurance Pricing Assistant | 82,800 THB | +0% |
| Insurance Product Manager | 114,000 THB | +38% |
| Insurance Program Manager | 137,000 THB | +66% |
| Insurance Project Manager | 121,000 THB | +46% |
| Insurance Quality Assurance Agent | 88,800 THB | +7% |
| Insurance Sales Agent | 57,400 THB | -31% |
| Insurance Sales Director | 161,000 THB | +95% |
| Insurance Sales Manager | 135,000 THB | +63% |
| Insurance Sales Representative | 51,000 THB | -38% |
| Insurance Team Leader | 108,000 THB | +31% |
| Insurance Underwriter | 75,800 THB | -8% |
| Insurtech Analyst | 90,800 THB | +10% |
| Loss Control Specialist | 99,100 THB | +20% |
| Loss Prevention Investigator | 108,000 THB | +31% |
| Loss Prevention Manager | 139,000 THB | +68% |
| Loss Prevention Specialist | 103,000 THB | +24% |
| Marine Underwriter | 71,400 THB | -14% |
| Medical Auditor | 101,000 THB | +22% |
| Monitoring and Performance Officer | 72,800 THB | -12% |
| Parametric Insurance Specialist | 104,000 THB | +26% |
| Payment Services Specialist | 104,000 THB | +26% |
| Peer-to-Peer Insurance Manager | 126,000 THB | +52% |
| Policy Change Director | 157,000 THB | +90% |
| Policy Change Supervisor | 110,000 THB | +33% |
| Policy Change Technician | 50,000 THB | -40% |
| Risk Analyst | 108,000 THB | +31% |
| Risk Management Director | 189,000 THB | +130% |
| Risk Management Supervisor | 124,000 THB | +50% |
| Risk Manager | 188,000 THB | +130% |
| Risk Modeling Manager | 191,000 THB | +130% |
| Social Media Risk Analyst | 107,000 THB | +29% |
| Title Insurance Typist | 86,300 THB | +4% |
| Training Manager | 108,000 THB | +31% |
| Underwriting Assistant | 48,500 THB | -41% |
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 Thailand is 7% on average across all career fields.
| Private Sector | 94,300 THB | |
| Public Sector | +7% | 101,000 THB |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for the job title Insurance Pricing Assistant in Thailand?
A good and competitive compensation would range anywhere between 75,900 THB and 86,400 THB. 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 Thailand ranges from 42,200 THB to 62,700 THB. 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
