Average Associate Insurance Representative Salary in Jersey for 2024

In this article, we will look at the average Associate Insurance Representative salary for 2024 in Jersey 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 British pound. To keep things simple, we are using the GBP currency code instead of the currency symbol £.

How Much Does an Associate Insurance Representative Make in Jersey?

An Associate Insurance Representative working in Jersey will typically earn around 32,900 GBP per year, and this can range from the lowest average salary of about 14,540 GBP to the highest average salary of 50,540 GBP.

Average Annual Salary
32,900 GBP
Average Monthly Salary
2,741 GBP

Lowest Annual Salary
14,540 GBP
Lowest Monthly Salary
1,211 GBP

Highest Annual Salary
50,540 GBP
Highest Monthly Salary
4,211 GBP

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

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

Salary ranges

We already know that an Associate Insurance Representative can earn between 14,540 GBP and 50,540 GBP on average in Jersey. 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 Jersey is 35,340 GBP. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 35,340 GBP, and 50% of the population earn more than 35,340 GBP.

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 Jersey, 25% of the population are earning less than 22,420 GBP while 75% of the population earn more than 22,420 GBP.

75% of the population earn less than 46,040 GBP, and 25% of the population earn more than 46,040 GBP.

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 Jersey

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 Jersey that has less than two years of experience can expect to earn somewhere in the region of 18,780 GBP.
  • 2 - 5 Years Experience. With two to five years of experience the average Associate Insurance Representative salary would increase to 24,840 GBP.
  • 5 - 10 Years Experience. From five to ten years of experience as an Associate Insurance Representative, the average salary would be 35,560 GBP.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 42,320 GBP.
  • 15 - 20 Years Experience. An Associate Insurance Representative with 15 to 20 years of experience can earn an average of 46,840 GBP.
  • 20+ Years Experience. For an Associate Insurance Representative with more than 20 years, the expected average salary increases to 48,560 GBP.

Average Salary by Experience Chart

0-2 Years
18,780 GBP
2-5 Years +33%
24,840 GBP
5-10 Years +48%
35,560 GBP
10-15 Years +22%
42,320 GBP
15-20 Years +9%
46,840 GBP
20+ Years +8%
48,560 GBP

Associate Insurance Representative Salary by Education Level in Jersey

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 Jersey 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 Jersey with a certificate or diploma education can earn an average salary of 19,480 GBP.

  • Bachelor's Degree. An Associate Insurance Representative in Jersey with a bachelor's degree education can earn an average salary of 31,940 GBP.

  • Master's Degree. An Associate Insurance Representative in Jersey with a master's degree education can earn an average salary of 53,120 GBP.

Average Salary by Education Chart

Certificate or Diploma
19,480 GBP
Bachelor's Degree +57%
31,940 GBP
Master's Degree +68%
53,120 GBP

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 Jersey is around 25,800 to 77,300 GBP 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 Jersey, a male associate insurance representative will earn an average of 34,380 GBP, while a female associate insurance representative will earn around 32,020 GBP.

This means that a male associate insurance representative earns approximately 7% more than a female associate insurance representative for performing the same job.

Average Salary by Gender Chart in Jersey

Male
34,380 GBP
Female -7%
32,020 GBP

Associate Insurance Representative Average Pay Raise in Jersey

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 Jersey is around 7% every 28 months.

The national average pay raise across all professions and industries in Jersey 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 Jersey can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Jersey for 2024

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

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

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

Associate Insurance Representative Bonus and Incentive Rates in Jersey

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 40% of employees reporting at least one bonus in the last 12 months.

60% 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 2% to 7%.

Received Bonus
40%
No Bonus
60%

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 Jersey earn approximately 19% more than private sector employees in the same role.

Public Sector
66,840 GBP
Private Sector -19%
56,060 GBP

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 Jersey.

Job Title Category Salary
Actuarial Analyst Insurance 87,940 GBP
Actuarial Assistant Insurance 64,300 GBP
Actuarial Specialist Insurance 60,400 GBP
Actuary Insurance 86,760 GBP
Adjustment Insurance Clerk Insurance 26,020 GBP
Assistant Broker Insurance 42,460 GBP
Assistant Claims Manager Insurance 69,240 GBP
Auditing Insurance Manager Insurance 97,900 GBP
Broker Insurance 67,020 GBP
Claim Advocacy Professional Insurance 61,760 GBP
Claims Adjuster Insurance 25,680 GBP
Claims Analyst Insurance 33,440 GBP
Claims Examiner Insurance 34,080 GBP
Claims Manager Insurance 87,040 GBP
Claims Processor Insurance 24,820 GBP
Claims Representative Insurance 30,840 GBP
Claims Resolution Specialist Insurance 66,840 GBP
Claims Supervisor Insurance 63,320 GBP
Complaints Specialist Insurance 57,820 GBP
Compliance Examiner Insurance 60,480 GBP
Compliance Officer Insurance 48,760 GBP
Compliance Reviewer Insurance 58,240 GBP
Consultant Insurance 60,600 GBP
Eligibility Interviewer Insurance 66,440 GBP
Eligibility Specialist Insurance 63,040 GBP
Insurance Account Manager Insurance 78,960 GBP
Insurance Accounts Executive Insurance 74,540 GBP
Insurance Adjuster Insurance 58,520 GBP
Insurance Agent Insurance 39,640 GBP
Insurance Analyst Insurance 61,760 GBP
Insurance Appraiser Insurance 67,360 GBP
Insurance Claims Clerk Insurance 21,300 GBP
Insurance Examiner Insurance 56,460 GBP
Insurance Investigator Insurance 60,480 GBP
Insurance Manager Insurance 111,240 GBP
Insurance Operations Manager Insurance 104,920 GBP
Insurance Policy Processing Clerk Insurance 23,500 GBP
Insurance Pricing Assistant Insurance 53,860 GBP
Insurance Program Manager Insurance 83,300 GBP
Insurance Project Manager Insurance 78,940 GBP
Insurance Quality Assurance Agent Insurance 52,300 GBP
Insurance Sales Agent Insurance 37,380 GBP
Insurance Sales Director Insurance 111,900 GBP
Insurance Sales Manager Insurance 80,640 GBP
Insurance Sales Representative Insurance 34,240 GBP
Insurance Team Leader Insurance 66,820 GBP
Insurance Underwriter Insurance 48,820 GBP
Loss Control Specialist Insurance 62,860 GBP
Loss Prevention Investigator Insurance 69,180 GBP
Loss Prevention Manager Insurance 88,300 GBP
Loss Prevention Specialist Insurance 66,480 GBP
Marine Underwriter Insurance 45,580 GBP
Medical Auditor Insurance 62,860 GBP
Monitoring and Performance Officer Insurance 41,820 GBP
Payment Services Specialist Insurance 67,360 GBP
Policy Change Director Insurance 102,460 GBP
Policy Change Supervisor Insurance 69,400 GBP
Policy Change Technician Insurance 33,440 GBP
Risk Analyst Insurance 75,500 GBP
Risk Management Director Insurance 118,060 GBP
Risk Management Supervisor Insurance 76,280 GBP
Risk Manager Insurance 117,520 GBP
Risk Modeling Manager Insurance 116,380 GBP
Title Insurance Typist Insurance 53,380 GBP
Training Manager Insurance 70,880 GBP

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