Insurance Pricing Assistant Average Salary in United Arab Emirates 2024
How much money does a person working as Insurance Pricing Assistant make in United Arab Emirates?
LOW
6,190
AED AVERAGE
11,500
AED HIGH
17,300
AED
A person working as Insurance Pricing Assistant in United Arab Emirates typically earns around 11,500 AED. Salaries range from 6,190 AED (lowest) to 17,300 AED (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Insurance Pricing Assistant salaries in United Arab Emirates 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 United Arab Emirates
Salary Structure and Pay Scale Comparison
10,200 AED or more
9,150 to 10,200 AED
6,800 AED or less
6,800 to 9,150 AED
 6,190 AED |
10,200 AED |
17,300 AED |
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 United Arab Emirates range from 6,190 AED (starting salary) to 17,300 AED (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 10,200 AED, half of the professionals who work as Insurance Pricing Assistant in United Arab Emirates 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 United Arab Emirates earn less than 8,580 AED, while 75% earn more. Similarly, the chart shows that 75% earn less than 11,600 AED 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 United Arab Emirates compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 6,800 AED to 9,150 AED. About 20% of salaries are below the 6,800 AED mark, while 10% fall within the range of 9,150 AED to 10,200 AED. Only 5% of individuals have salaries exceeding 10,200 AED.
Salary Comparison by Years of Experience / Insurance Pricing Assistant / United Arab Emirates
How do experience and age affect pay?
| 0 - 2 Years | 7,190 AED | |
| 2 - 5 Years | +26% | 9,080 AED |
| 5 - 10 Years | +32% | 12,000 AED |
| 10 - 15 Years | +18% | 14,100 AED |
| 15 - 20 Years | +11% | 15,600 AED |
| 20+ Years | +6% | 16,600 AED |
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 7,190 AED.
While someone with an experience level between two and five years is expected to earn 9,080 AED, 26% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 12,000 AED, 32% 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 14,100 AED, 18% 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 15,600 AED, 11% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 16,600 AED, 6% 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 / United Arab Emirates
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 United Arab Emirates, the average difference between the salary of male and female employees is 6%.
| Male | 11,800 AED | |
| Female | -5% | 11,100 AED |
Salary Comparison By Gender in United Arab Emirates for all Careers
Average Annual Salary Increment Percentage / Insurance Pricing Assistant / United Arab Emirates
How much are annual salary increments in United Arab Emirates for individuals working as Insurance Pricing Assistant? How often do employees get salary raises?
Individuals working as Insurance Pricing Assistant in United Arab Emirates 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.
United Arab Emirates / 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 / United Arab Emirates
How much and how often are bonuses being awarded?
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74% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 26% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 1% to 2% of their annual salary.
| Received Bonus | 26% | |
| No Bonus | 74% |
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 / United Arab Emirates
66 AED per hourThe average hourly wage (pay per hour) for individuals working as Insurance Pricing Assistant in United Arab Emirates is 66 AED.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 United Arab Emirates is 36 AED. 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 | 20,000 AED |  +74% |
| Actuarial Assistant | 14,000 AED | +22% |
| Actuarial Specialist | 13,200 AED | +15% |
| Actuary | 20,700 AED | +81% |
| Adjustment Insurance Clerk | 4,430 AED | -61% |
| Assistant Broker | 8,860 AED | -23% |
| Assistant Claims Manager | 15,600 AED | +36% |
| Associate Insurance Representative | 6,660 AED | -42% |
| Auditing Insurance Manager | 22,300 AED | +94% |
| Blockchain Insurance Auditor | 13,400 AED | +17% |
| Broker | 15,000 AED | +31% |
| Claim Advocacy Professional | 14,800 AED | +29% |
| Claims Adjuster | 4,680 AED | -59% |
| Claims Analyst | 6,610 AED | -42% |
| Claims Examiner | 6,800 AED | -41% |
| Claims Manager | 21,300 AED | +86% |
| Claims Processor | 4,720 AED | -59% |
| Claims Representative | 5,700 AED | -50% |
| Claims Resolution Specialist | 16,400 AED | +43% |
| Claims Supervisor | 13,900 AED | +21% |
| Complaints Specialist | 13,800 AED | +20% |
| Compliance Examiner | 13,400 AED | +17% |
| Compliance Officer | 11,500 AED | +0% |
| Compliance Reviewer | 13,600 AED | +19% |
| Consultant | 14,200 AED | +24% |
| Drone Claims Adjuster | 5,710 AED | -50% |
| Eligibility Interviewer | 16,100 AED | +40% |
| Eligibility Specialist | 14,500 AED | +26% |
| Insurance Account Manager | 18,800 AED | +64% |
| Insurance Accounts Executive | 15,500 AED | +35% |
| Insurance Adjuster | 13,900 AED | +21% |
| Insurance Agent | 8,020 AED | -30% |
| Insurance Analyst | 14,500 AED | +26% |
| Insurance Appraiser | 14,300 AED | +25% |
| Insurance Claims Clerk | 4,570 AED | -60% |
| Insurance Compliance Officer | 16,000 AED | +40% |
| Insurance Data Scientist | 13,100 AED | +14% |
| Insurance Examiner | 13,700 AED | +19% |
| Insurance Fraud Investigator | 12,100 AED | +6% |
| Insurance Investigator | 13,100 AED | +14% |
| Insurance Manager | 25,800 AED | +120% |
| Insurance Operations Manager | 26,000 AED | +130% |
| Insurance Policy Processing Clerk | 4,480 AED | -61% |
| Insurance Pricing Assistant | 11,500 AED | +0% |
| Insurance Product Manager | 18,100 AED | +58% |
| Insurance Program Manager | 18,800 AED | +64% |
| Insurance Project Manager | 18,400 AED | +60% |
| Insurance Quality Assurance Agent | 12,500 AED | +9% |
| Insurance Sales Agent | 8,200 AED | -28% |
| Insurance Sales Director | 25,400 AED | +120% |
| Insurance Sales Manager | 19,100 AED | +67% |
| Insurance Sales Representative | 7,190 AED | -37% |
| Insurance Team Leader | 15,100 AED | +32% |
| Insurance Underwriter | 10,600 AED | -8% |
| Insurtech Analyst | 12,900 AED | +12% |
| Loss Control Specialist | 14,000 AED | +22% |
| Loss Prevention Investigator | 15,600 AED | +36% |
| Loss Prevention Manager | 20,800 AED | +81% |
| Loss Prevention Specialist | 15,300 AED | +33% |
| Marine Underwriter | 10,100 AED | -12% |
| Medical Auditor | 14,700 AED | +28% |
| Monitoring and Performance Officer | 10,200 AED | -11% |
| Parametric Insurance Specialist | 13,900 AED | +21% |
| Payment Services Specialist | 15,000 AED | +31% |
| Peer-to-Peer Insurance Manager | 18,600 AED | +62% |
| Policy Change Director | 24,500 AED | +110% |
| Policy Change Supervisor | 15,300 AED | +33% |
| Policy Change Technician | 6,320 AED | -45% |
| Risk Analyst | 17,300 AED | +51% |
| Risk Management Director | 28,800 AED | +150% |
| Risk Management Supervisor | 18,600 AED | +62% |
| Risk Manager | 29,200 AED | +150% |
| Risk Modeling Manager | 27,100 AED | +140% |
| Social Media Risk Analyst | 14,600 AED | +27% |
| Title Insurance Typist | 12,700 AED | +11% |
| Training Manager | 16,500 AED | +44% |
| Underwriting Assistant | 6,440 AED | -44% |
Salary Comparison By City
| City | Average Salary |
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 United Arab Emirates is 6% on average across all career fields.
| Private Sector | 13,800 AED | |
| Public Sector | +6% | 14,700 AED |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for the job title Insurance Pricing Assistant in United Arab Emirates?
A good and competitive compensation would range anywhere between 10,200 AED and 11,600 AED. 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 United Arab Emirates ranges from 6,190 AED to 8,580 AED. 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
