Average Associate Insurance Representative Salary in Belarus for 2024

In this article, we will look at the average Associate Insurance Representative salary for 2024 in Belarus 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 Belarusian ruble. To keep things simple, we are using the BYN currency code instead of the currency symbol Br.

How Much Does an Associate Insurance Representative Make in Belarus?

An Associate Insurance Representative working in Belarus will typically earn around 18,940 BYN per year, and this can range from the lowest average salary of about 8,560 BYN to the highest average salary of 31,400 BYN.

Average Annual Salary
18,940 BYN
Average Monthly Salary
1,578 BYN

Lowest Annual Salary
8,560 BYN
Lowest Monthly Salary
713 BYN

Highest Annual Salary
31,400 BYN
Highest Monthly Salary
2,616 BYN

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

Associate Insurance Representative 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 Associate Insurance Representative Salaries in Belarus

So we've looked at the average salaries an Associate Insurance Representative will earn in Belarus. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that an Associate Insurance Representative can earn between 8,560 BYN and 31,400 BYN on average in Belarus. 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 Associate Insurance Representative in Belarus is 19,380 BYN. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 19,380 BYN, and 50% of the population earn more than 19,380 BYN.

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 Associate Insurance Representative salary in Belarus, 25% of the population are earning less than 14,620 BYN while 75% of the population earn more than 14,620 BYN.

75% of the population earn less than 27,300 BYN, and 25% of the population earn more than 27,300 BYN.

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.

Associate Insurance Representative Salary by Experience Level in Belarus

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 associate insurance representative 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 Associate Insurance Representative in Belarus that has less than two years of experience can expect to earn somewhere in the region of 10,220 BYN.
  • 2 - 5 Years Experience. With two to five years of experience the average Associate Insurance Representative salary would increase to 15,580 BYN.
  • 5 - 10 Years Experience. From five to ten years of experience as an Associate Insurance Representative, the average salary would be 21,100 BYN.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 25,680 BYN.
  • 15 - 20 Years Experience. An Associate Insurance Representative with 15 to 20 years of experience can earn an average of 25,440 BYN.
  • 20+ Years Experience. For an Associate Insurance Representative with more than 20 years, the expected average salary increases to 27,560 BYN.

Average Salary by Experience Chart

0-2 Years
10,220 BYN
2-5 Years +42%
15,580 BYN
5-10 Years +31%
21,100 BYN
10-15 Years +23%
25,680 BYN
15-20 Years +6%
25,440 BYN
20+ Years +10%
27,560 BYN

Associate Insurance Representative Salary by Education Level in Belarus

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 Associate Insurance Representative in Belarus based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • Certificate or Diploma. An Associate Insurance Representative in Belarus with a certificate or diploma education can earn an average salary of 13,960 BYN.

  • Bachelor's Degree. An Associate Insurance Representative in Belarus with a bachelor's degree education can earn an average salary of 20,000 BYN.

  • Master's Degree. An Associate Insurance Representative in Belarus with a master's degree education can earn an average salary of 27,020 BYN.

Average Salary by Education Chart

Certificate or Diploma
13,960 BYN
Bachelor's Degree +59%
20,000 BYN
Master's Degree +33%
27,020 BYN

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 Belarus is around 14,700 to 44,000 BYN 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.

Associate Insurance Representative 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 Belarus, a male associate insurance representative will earn an average of 21,540 BYN, while a female associate insurance representative will earn around 18,280 BYN.

This means that a male associate insurance representative earns approximately 18% more than a female associate insurance representative for performing the same job.

Average Salary by Gender Chart in Belarus

Male
21,540 BYN
Female -18%
18,280 BYN

Associate Insurance Representative Average Pay Raise in Belarus

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 Associate Insurance Representative in Belarus is around 10% every 19 months.

The national average pay raise across all professions and industries in Belarus is around 8% every 19 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 = ( 10 ÷ 19 ) × 12  = 6%

What this means is that an Associate Insurance Representative in Belarus can expect to receive an average pay raise of around 6% every 12 months.

Annual Pay Raise by Industry in Belarus for 2024

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

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

Banking
2%
Energy
4%
Information Technology
6%
Healthcare
8%
Travel
1%
Construction
3%
Education
5%

Associate Insurance Representative Bonus and Incentive Rates in Belarus

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 Associate Insurance Representative is a moderate bonus based job, with 52% of employees reporting at least one bonus in the last 12 months.

48% 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 3% to 6%.

Received Bonus
52%
No Bonus
48%

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 Belarus earn approximately 13% more than private sector employees in the same role.

Public Sector
36,020 BYN
Private Sector -13%
31,980 BYN

Salaries for Jobs Similar to an Associate Insurance Representative

In the table below, we have salary information for jobs that are similar to an Associate Insurance Representative in Belarus.

Job Title Category Salary
Actuarial Analyst Insurance 45,260 BYN
Actuarial Assistant Insurance 34,540 BYN
Actuarial Specialist Insurance 36,940 BYN
Actuary Insurance 45,000 BYN
Adjustment Insurance Clerk Insurance 13,540 BYN
Assistant Broker Insurance 19,940 BYN
Assistant Claims Manager Insurance 36,020 BYN
Auditing Insurance Manager Insurance 50,540 BYN
Broker Insurance 33,980 BYN
Claim Advocacy Professional Insurance 37,200 BYN
Claims Adjuster Insurance 14,620 BYN
Claims Analyst Insurance 18,280 BYN
Claims Examiner Insurance 18,940 BYN
Claims Manager Insurance 48,920 BYN
Claims Processor Insurance 13,780 BYN
Claims Representative Insurance 17,260 BYN
Claims Resolution Specialist Insurance 39,960 BYN
Claims Supervisor Insurance 35,340 BYN
Complaints Specialist Insurance 32,900 BYN
Compliance Examiner Insurance 34,540 BYN
Compliance Officer Insurance 29,320 BYN
Compliance Reviewer Insurance 34,480 BYN
Consultant Insurance 35,340 BYN
Eligibility Interviewer Insurance 38,340 BYN
Eligibility Specialist Insurance 38,140 BYN
Insurance Account Manager Insurance 46,400 BYN
Insurance Accounts Executive Insurance 39,960 BYN
Insurance Adjuster Insurance 35,300 BYN
Insurance Agent Insurance 21,020 BYN
Insurance Analyst Insurance 36,800 BYN
Insurance Appraiser Insurance 39,160 BYN
Insurance Claims Clerk Insurance 13,540 BYN
Insurance Examiner Insurance 34,080 BYN
Insurance Investigator Insurance 34,540 BYN
Insurance Manager Insurance 62,060 BYN
Insurance Operations Manager Insurance 58,440 BYN
Insurance Policy Processing Clerk Insurance 11,880 BYN
Insurance Pricing Assistant Insurance 27,020 BYN
Insurance Program Manager Insurance 47,400 BYN
Insurance Project Manager Insurance 44,780 BYN
Insurance Quality Assurance Agent Insurance 28,860 BYN
Insurance Sales Agent Insurance 23,400 BYN
Insurance Sales Director Insurance 60,400 BYN
Insurance Sales Manager Insurance 48,920 BYN
Insurance Sales Representative Insurance 19,200 BYN
Insurance Team Leader Insurance 40,140 BYN
Insurance Underwriter Insurance 25,160 BYN
Loss Control Specialist Insurance 37,200 BYN
Loss Prevention Investigator Insurance 39,080 BYN
Loss Prevention Manager Insurance 51,080 BYN
Loss Prevention Specialist Insurance 39,160 BYN
Marine Underwriter Insurance 25,660 BYN
Medical Auditor Insurance 35,260 BYN
Monitoring and Performance Officer Insurance 23,260 BYN
Payment Services Specialist Insurance 39,160 BYN
Policy Change Director Insurance 54,180 BYN
Policy Change Supervisor Insurance 36,020 BYN
Policy Change Technician Insurance 15,700 BYN
Risk Analyst Insurance 41,560 BYN
Risk Management Director Insurance 67,020 BYN
Risk Management Supervisor Insurance 43,340 BYN
Risk Manager Insurance 66,140 BYN
Risk Modeling Manager Insurance 68,360 BYN
Title Insurance Typist Insurance 30,220 BYN
Training Manager Insurance 39,640 BYN

Salary Comparison by City

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

City Average Salary
Babruysk 18,780 BYN
Baranovichi 18,780 BYN
Brest 20,300 BYN
Minsk 20,500 BYN
Mogilev 18,940 BYN
Vitebsk 19,360 BYN

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