Average Auditing Insurance Manager Salary in Kaohsiung, Taiwan for 2024

In this article, we will look at the average Auditing Insurance Manager salary for 2024 in Kaohsiung and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!

The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.

All salary information is in the local currency, which is the New Taiwan dollar. To keep things simple, we are using the TWD currency code instead of the currency symbol $.

How Much Does an Auditing Insurance Manager Make in Kaohsiung?

An Auditing Insurance Manager working in Kaohsiung will typically earn around 2,605,500 TWD per year, and this can range from the lowest average salary of about 1,224,800 TWD to the highest average salary of 4,102,700 TWD.

Average Annual Salary
2,605,500 TWD
Average Monthly Salary
217,125 TWD

Lowest Annual Salary
1,224,800 TWD
Lowest Monthly Salary
102,066 TWD

Highest Annual Salary
4,102,700 TWD
Highest Monthly Salary
341,891 TWD

These are average salaries for an Auditing Insurance Manager in Kaohsiung and include benefits such as housing and transport. It's also possible for an Auditing Insurance Manager to earn more or less than the average salaries shown above.

Auditing Insurance Manager salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.

Distribution of Auditing Insurance Manager Salaries in Kaohsiung

So we've looked at the average salaries an Auditing Insurance Manager will earn in Kaohsiung. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that an Auditing Insurance Manager can earn between 1,224,800 TWD and 4,102,700 TWD on average in Kaohsiung. This is known as the range in statistics.

The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.

Median salary

The median salary for an Auditing Insurance Manager in Kaohsiung is 2,759,700 TWD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 2,759,700 TWD, and 50% of the population earn more than 2,759,700 TWD.

If you are earning more than the median salary, that's a good indicator that you are being paid well.

If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).

Percentiles

Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.

For the average Auditing Insurance Manager salary in Kaohsiung, 25% of the population are earning less than 1,788,300 TWD while 75% of the population earn more than 1,788,300 TWD.

75% of the population earn less than 3,635,200 TWD, and 25% of the population earn more than 3,635,200 TWD.

Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.

The difference between a median and an average salary

The median and average salary are both indicators you can use to see if you are being paid fairly based on the overall population.

  • If your salary is higher than the average and the median salary, you are earning well compared to others.
  • If your salary is lower than the average and the median salary, it could indicate you are not being paid well enough.
  • If you are somewhere in between then it's tricky to determine if you are being paid well enough and you might need to research more closely.

Auditing Insurance Manager Salary by Experience Level in Kaohsiung

The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.

We have researched the average auditing insurance manager salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.

  • 0 - 2 Years Experience. An Auditing Insurance Manager in Kaohsiung that has less than two years of experience can expect to earn somewhere in the region of 1,405,700 TWD.
  • 2 - 5 Years Experience. With two to five years of experience the average Auditing Insurance Manager salary would increase to 1,942,700 TWD.
  • 5 - 10 Years Experience. From five to ten years of experience as an Auditing Insurance Manager, the average salary would be 2,773,700 TWD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 3,373,200 TWD.
  • 15 - 20 Years Experience. An Auditing Insurance Manager with 15 to 20 years of experience can earn an average of 3,564,300 TWD.
  • 20+ Years Experience. For an Auditing Insurance Manager with more than 20 years, the expected average salary increases to 3,875,100 TWD.

Average Salary by Experience Chart

0-2 Years
1,405,700 TWD
2-5 Years +38%
1,942,700 TWD
5-10 Years +42%
2,773,700 TWD
10-15 Years +22%
3,373,200 TWD
15-20 Years +6%
3,564,300 TWD
20+ Years +9%
3,875,100 TWD

Auditing Insurance Manager Salary by Education Level in Kaohsiung

As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?

In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.

The salary you can earn based on your education is very specific to both your location and the career path you choose.

In our research, we looked at the average salary for an Auditing Insurance Manager in Kaohsiung based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • Bachelor's Degree. An Auditing Insurance Manager in Kaohsiung with a bachelor's degree education can earn an average salary of 1,942,700 TWD.

  • Master's Degree. An Auditing Insurance Manager in Kaohsiung with a master's degree education can earn an average salary of 3,564,300 TWD.

Average Salary by Education Chart

Bachelor's Degree
1,942,700 TWD
Master's Degree +83%
3,564,300 TWD

How Much is a Master's Degree or MBA Program?

The approximate cost of a master's degree or post-graduate program like an MBA in Taiwan is around 647,000 to 1,940,000 TWD and takes two years to complete.

As you can see above, there are financial benefits from reaching master's degree level, but don't expect to see much of a salary increase until you have completed the degree.

It's common for people to pursue an MBA or other post-graduate program in order to switch to a a job that pays more. On average, you can expect to earn around 10% more when switching to a new company.

Whether you decide to pursue a master's degree depends on many factors. If you are able to afford it, the numbers suggest that the return on investment is worth it and you could recover the costs in a few years from the salary increase you would receive.

Auditing Insurance Manager Salary Compared by Gender

In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.

In Kaohsiung, a male auditing insurance manager will earn an average of 2,435,600 TWD, while a female auditing insurance manager will earn around 2,242,500 TWD.

This means that a male auditing insurance manager earns approximately 9% more than a female auditing insurance manager for performing the same job.

Average Salary by Gender Chart in Kaohsiung

Male
2,435,600 TWD
Female -9%
2,242,500 TWD

Auditing Insurance Manager Average Pay Raise in Kaohsiung

In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.

From our research, we can see that the average pay raise for an Auditing Insurance Manager in Kaohsiung is around 9% every 29 months.

The national average pay raise across all professions and industries in Taiwan is around 5% every 28 months.

In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.

To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:

Annual Increase = ( Increase Rate ÷ Months ) × 12

So for this example, it would be:

Annual Increase = ( 9 ÷ 29 ) × 12  = 4%

What this means is that an Auditing Insurance Manager in Kaohsiung can expect to receive an average pay raise of around 4% every 12 months.

Annual Pay Raise by Industry in Kaohsiung for 2024

In the chart below, you can see the average annual pay raise percentages for each of the major industries in Taiwan.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

Banking
5%
Energy
1%
Information Technology
6%
Healthcare
2%
Travel
7%
Construction
3%
Education
8%

Auditing Insurance Manager Bonus and Incentive Rates in Kaohsiung

Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.

Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.

An Auditing Insurance Manager is a moderate bonus based job, with 60% of employees reporting at least one bonus in the last 12 months.

40% reported that they had not received any bonuses in the previous 12 months.

For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 6% to 7%.

Received Bonus
60%
No Bonus
40%

What are the Types of Bonus?

There are a number of difference types of bonus you can receive in a job. Including:

  • Individual performance bonus - This is a bonus that is awarded to an individual employee for general performance in the job. It's the most common type of bonus.
  • Company performance bonus - This is a bonus that is awarded to a company employees to share profit with the staff.
  • Goal based bonus - This is a bonus that is awarded to an individual employee (or a team) for achieving specific goals, objectives, or milestones.
  • Holiday bonus - This type of bonus is usually paid around the holidays, often the end of the year, and is a token of appreciation for the hard work throughout the year.

Government vs Private Sector Salaries

Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.

Public sector employees in Taiwan earn approximately 7% more than private sector employees in the same role.

Public Sector
1,594,500 TWD
Private Sector -7%
1,487,200 TWD

Salaries for Jobs Similar to an Auditing Insurance Manager

In the table below, we have salary information for jobs that are similar to an Auditing Insurance Manager in Kaohsiung.

Job Title Category Salary
Actuarial Analyst Insurance 2,124,400 TWD
Actuarial Assistant Insurance 1,510,400 TWD
Actuarial Specialist Insurance 1,547,500 TWD
Actuary Insurance 2,184,900 TWD
Adjustment Insurance Clerk Insurance 581,000 TWD
Assistant Broker Insurance 1,009,200 TWD
Assistant Claims Manager Insurance 1,811,000 TWD
Associate Insurance Representative Insurance 838,100 TWD
Broker Insurance 1,570,900 TWD
Claim Advocacy Professional Insurance 1,693,600 TWD
Claims Adjuster Insurance 595,300 TWD
Claims Analyst Insurance 844,600 TWD
Claims Examiner Insurance 854,300 TWD
Claims Manager Insurance 2,352,500 TWD
Claims Processor Insurance 625,000 TWD
Claims Representative Insurance 714,600 TWD
Claims Resolution Specialist Insurance 1,655,500 TWD
Claims Supervisor Insurance 1,524,300 TWD
Complaints Specialist Insurance 1,537,500 TWD
Compliance Examiner Insurance 1,476,700 TWD
Compliance Officer Insurance 1,306,100 TWD
Compliance Reviewer Insurance 1,476,700 TWD
Consultant Insurance 1,560,800 TWD
Eligibility Interviewer Insurance 1,751,700 TWD
Eligibility Specialist Insurance 1,560,800 TWD
Insurance Account Manager Insurance 1,955,300 TWD
Insurance Accounts Executive Insurance 1,728,900 TWD
Insurance Adjuster Insurance 1,500,800 TWD
Insurance Agent Insurance 970,600 TWD
Insurance Analyst Insurance 1,547,500 TWD
Insurance Appraiser Insurance 1,678,300 TWD
Insurance Claims Clerk Insurance 568,500 TWD
Insurance Examiner Insurance 1,428,800 TWD
Insurance Investigator Insurance 1,476,700 TWD
Insurance Manager Insurance 2,734,500 TWD
Insurance Operations Manager Insurance 2,653,700 TWD
Insurance Policy Processing Clerk Insurance 592,600 TWD
Insurance Pricing Assistant Insurance 1,306,100 TWD
Insurance Program Manager Insurance 2,038,500 TWD
Insurance Project Manager Insurance 1,990,300 TWD
Insurance Quality Assurance Agent Insurance 1,428,800 TWD
Insurance Sales Agent Insurance 955,800 TWD
Insurance Sales Director Insurance 2,629,100 TWD
Insurance Sales Manager Insurance 2,100,900 TWD
Insurance Sales Representative Insurance 847,000 TWD
Insurance Team Leader Insurance 1,716,600 TWD
Insurance Underwriter Insurance 1,249,900 TWD
Loss Control Specialist Insurance 1,594,500 TWD
Loss Prevention Investigator Insurance 1,741,800 TWD
Loss Prevention Manager Insurance 2,230,100 TWD
Loss Prevention Specialist Insurance 1,655,500 TWD
Marine Underwriter Insurance 1,145,100 TWD
Medical Auditor Insurance 1,621,400 TWD
Monitoring and Performance Officer Insurance 1,084,200 TWD
Payment Services Specialist Insurance 1,678,300 TWD
Policy Change Director Insurance 2,495,600 TWD
Policy Change Supervisor Insurance 1,741,800 TWD
Policy Change Technician Insurance 791,200 TWD
Risk Analyst Insurance 1,870,400 TWD
Risk Management Director Insurance 2,964,800 TWD
Risk Management Supervisor Insurance 1,942,700 TWD
Risk Manager Insurance 2,928,100 TWD
Risk Modeling Manager Insurance 2,964,800 TWD
Title Insurance Typist Insurance 1,345,400 TWD
Training Manager Insurance 1,765,300 TWD

Salary Comparison by City

If you want to compare salaries with different cities in Taiwan, you can use the links below to explore the data for each specific city we have researched.

City Average Salary
Taichung 2,557,100 TWD
Tainan 2,197,700 TWD
Taipei 2,411,500 TWD

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  • "Average Auditing Insurance Manager Salary in Kaohsiung, Taiwan for 2024". World Salaries. Accessed on October 31, 2024. https://worldsalaries.com/average-auditing-insurance-manager-salary-in-kaohsiung/taiwan/.

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  • Average Auditing Insurance Manager Salary in Kaohsiung, Taiwan for 2024. World Salaries. Retrieved from https://worldsalaries.com/average-auditing-insurance-manager-salary-in-kaohsiung/taiwan/.