Average Associate Insurance Representative Salary in Comoros for 2024

In this article, we will look at the average Associate Insurance Representative salary for 2024 in Comoros 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 Comorian franc. To keep things simple, we are using the KMF currency code instead of the currency symbol Fr.

How Much Does an Associate Insurance Representative Make in Comoros?

An Associate Insurance Representative working in Comoros will typically earn around 1,967,000 KMF per year, and this can range from the lowest average salary of about 964,000 KMF to the highest average salary of 3,071,100 KMF.

Average Annual Salary
1,967,000 KMF
Average Monthly Salary
163,916 KMF

Lowest Annual Salary
964,000 KMF
Lowest Monthly Salary
80,333 KMF

Highest Annual Salary
3,071,100 KMF
Highest Monthly Salary
255,925 KMF

These are average salaries for an Associate Insurance Representative in Comoros 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 Comoros

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

Salary ranges

We already know that an Associate Insurance Representative can earn between 964,000 KMF and 3,071,100 KMF on average in Comoros. 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 Comoros is 2,003,200 KMF. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 2,003,200 KMF, and 50% of the population earn more than 2,003,200 KMF.

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 Comoros, 25% of the population are earning less than 1,345,400 KMF while 75% of the population earn more than 1,345,400 KMF.

75% of the population earn less than 2,593,900 KMF, and 25% of the population earn more than 2,593,900 KMF.

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 Comoros

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 Comoros that has less than two years of experience can expect to earn somewhere in the region of 1,142,900 KMF.
  • 2 - 5 Years Experience. With two to five years of experience the average Associate Insurance Representative salary would increase to 1,476,700 KMF.
  • 5 - 10 Years Experience. From five to ten years of experience as an Associate Insurance Representative, the average salary would be 2,026,800 KMF.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 2,508,300 KMF.
  • 15 - 20 Years Experience. An Associate Insurance Representative with 15 to 20 years of experience can earn an average of 2,688,800 KMF.
  • 20+ Years Experience. For an Associate Insurance Representative with more than 20 years, the expected average salary increases to 2,868,600 KMF.

Average Salary by Experience Chart

0-2 Years
1,142,900 KMF
2-5 Years +29%
1,476,700 KMF
5-10 Years +38%
2,026,800 KMF
10-15 Years +24%
2,508,300 KMF
15-20 Years +7%
2,688,800 KMF
20+ Years +7%
2,868,600 KMF

Associate Insurance Representative Salary by Education Level in Comoros

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 Comoros 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 Comoros with a certificate or diploma education can earn an average salary of 1,476,700 KMF.

  • Bachelor's Degree. An Associate Insurance Representative in Comoros with a bachelor's degree education can earn an average salary of 1,980,600 KMF.

  • Master's Degree. An Associate Insurance Representative in Comoros with a master's degree education can earn an average salary of 3,035,200 KMF.

Average Salary by Education Chart

Certificate or Diploma
1,476,700 KMF
Bachelor's Degree +34%
1,980,600 KMF
Master's Degree +53%
3,035,200 KMF

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 Comoros is around 1,510,000 to 4,530,000 KMF 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 Comoros, a male associate insurance representative will earn an average of 2,052,200 KMF, while a female associate insurance representative will earn around 1,835,700 KMF.

This means that a male associate insurance representative earns approximately 12% more than a female associate insurance representative for performing the same job.

Average Salary by Gender Chart in Comoros

Male
2,052,200 KMF
Female -12%
1,835,700 KMF

Associate Insurance Representative Average Pay Raise in Comoros

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 Comoros is around 7% every 28 months.

The national average pay raise across all professions and industries in Comoros 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 = ( 7 ÷ 28 ) × 12  = 3%

What this means is that an Associate Insurance Representative in Comoros can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Comoros for 2024

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

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

Banking
3%
Energy
6%
Information Technology
9%
Healthcare
3%
Travel
6%
Construction
9%
Education
3%

Associate Insurance Representative Bonus and Incentive Rates in Comoros

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 low bonus based job, with 37% of employees reporting at least one bonus in the last 12 months.

63% 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
37%
No Bonus
63%

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 Comoros earn approximately 14% more than private sector employees in the same role.

Public Sector
3,912,600 KMF
Private Sector -14%
3,444,200 KMF

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 Comoros.

Job Title Category Salary
Actuarial Analyst Insurance 4,752,100 KMF
Actuarial Assistant Insurance 3,503,800 KMF
Actuarial Specialist Insurance 3,373,200 KMF
Actuary Insurance 4,810,800 KMF
Adjustment Insurance Clerk Insurance 1,391,600 KMF
Assistant Broker Insurance 2,314,800 KMF
Assistant Claims Manager Insurance 3,984,100 KMF
Auditing Insurance Manager Insurance 5,280,300 KMF
Broker Insurance 3,755,300 KMF
Claim Advocacy Professional Insurance 3,706,100 KMF
Claims Adjuster Insurance 1,380,400 KMF
Claims Analyst Insurance 1,835,700 KMF
Claims Examiner Insurance 1,930,500 KMF
Claims Manager Insurance 4,981,700 KMF
Claims Processor Insurance 1,380,400 KMF
Claims Representative Insurance 1,632,100 KMF
Claims Resolution Specialist Insurance 3,781,400 KMF
Claims Supervisor Insurance 3,481,100 KMF
Complaints Specialist Insurance 3,288,400 KMF
Compliance Examiner Insurance 3,577,600 KMF
Compliance Officer Insurance 2,844,200 KMF
Compliance Reviewer Insurance 3,359,900 KMF
Consultant Insurance 3,769,500 KMF
Eligibility Interviewer Insurance 3,959,700 KMF
Eligibility Specialist Insurance 3,696,900 KMF
Insurance Account Manager Insurance 4,429,300 KMF
Insurance Accounts Executive Insurance 4,019,900 KMF
Insurance Adjuster Insurance 3,514,400 KMF
Insurance Agent Insurance 2,136,200 KMF
Insurance Analyst Insurance 3,421,600 KMF
Insurance Appraiser Insurance 3,648,200 KMF
Insurance Claims Clerk Insurance 1,283,600 KMF
Insurance Examiner Insurance 3,323,300 KMF
Insurance Investigator Insurance 3,577,600 KMF
Insurance Manager Insurance 6,156,100 KMF
Insurance Operations Manager Insurance 6,193,900 KMF
Insurance Policy Processing Clerk Insurance 1,345,400 KMF
Insurance Pricing Assistant Insurance 2,734,500 KMF
Insurance Program Manager Insurance 4,822,700 KMF
Insurance Project Manager Insurance 4,799,700 KMF
Insurance Quality Assurance Agent Insurance 3,035,200 KMF
Insurance Sales Agent Insurance 2,254,400 KMF
Insurance Sales Director Insurance 6,096,900 KMF
Insurance Sales Manager Insurance 4,919,600 KMF
Insurance Sales Representative Insurance 1,870,400 KMF
Insurance Team Leader Insurance 3,718,600 KMF
Insurance Underwriter Insurance 2,748,900 KMF
Loss Control Specialist Insurance 3,349,100 KMF
Loss Prevention Investigator Insurance 3,792,300 KMF
Loss Prevention Manager Insurance 5,029,900 KMF
Loss Prevention Specialist Insurance 3,863,700 KMF
Marine Underwriter Insurance 2,605,500 KMF
Medical Auditor Insurance 3,635,200 KMF
Monitoring and Performance Officer Insurance 2,435,600 KMF
Payment Services Specialist Insurance 3,648,200 KMF
Policy Change Director Insurance 5,724,700 KMF
Policy Change Supervisor Insurance 3,755,300 KMF
Policy Change Technician Insurance 1,765,300 KMF
Risk Analyst Insurance 4,056,200 KMF
Risk Management Director Insurance 6,670,600 KMF
Risk Management Supervisor Insurance 4,524,400 KMF
Risk Manager Insurance 7,057,300 KMF
Risk Modeling Manager Insurance 6,709,300 KMF
Title Insurance Typist Insurance 3,253,900 KMF
Training Manager Insurance 4,043,600 KMF

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