Average Auditing Insurance Manager Salary in San Marino for 2024

In this article, we will look at the average Auditing Insurance Manager salary for 2024 in San Marino 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 Euro. To keep things simple, we are using the EUR currency code instead of the currency symbol โ‚ฌ.

How Much Does an Auditing Insurance Manager Make in San Marino?

An Auditing Insurance Manager working in San Marino will typically earn around 77,620 EUR per year, and this can range from the lowest average salary of about 34,360 EUR to the highest average salary of 119,900 EUR.

Average Annual Salary
77,620 EUR
Average Monthly Salary
6,468 EUR

Lowest Annual Salary
34,360 EUR
Lowest Monthly Salary
2,863 EUR

Highest Annual Salary
119,900 EUR
Highest Monthly Salary
9,991 EUR

These are average salaries for an Auditing Insurance Manager in San Marino 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 San Marino

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

Salary ranges

We already know that an Auditing Insurance Manager can earn between 34,360 EUR and 119,900 EUR on average in San Marino. 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 San Marino is 80,640 EUR. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 80,640 EUR, and 50% of the population earn more than 80,640 EUR.

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 San Marino, 25% of the population are earning less than 51,120 EUR while 75% of the population earn more than 51,120 EUR.

75% of the population earn less than 109,460 EUR, and 25% of the population earn more than 109,460 EUR.

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 San Marino

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 San Marino that has less than two years of experience can expect to earn somewhere in the region of 38,340 EUR.
  • 2 - 5 Years Experience. With two to five years of experience the average Auditing Insurance Manager salary would increase to 53,380 EUR.
  • 5 - 10 Years Experience. From five to ten years of experience as an Auditing Insurance Manager, the average salary would be 78,620 EUR.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 96,600 EUR.
  • 15 - 20 Years Experience. An Auditing Insurance Manager with 15 to 20 years of experience can earn an average of 104,440 EUR.
  • 20+ Years Experience. For an Auditing Insurance Manager with more than 20 years, the expected average salary increases to 114,380 EUR.

Average Salary by Experience Chart

0-2 Years
38,340 EUR
2-5 Years +34%
53,380 EUR
5-10 Years +48%
78,620 EUR
10-15 Years +22%
96,600 EUR
15-20 Years +9%
104,440 EUR
20+ Years +8%
114,380 EUR

Auditing Insurance Manager Salary by Education Level in San Marino

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 San Marino 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 San Marino with a bachelor's degree education can earn an average salary of 47,120 EUR.

  • Master's Degree. An Auditing Insurance Manager in San Marino with a master's degree education can earn an average salary of 91,320 EUR.

Average Salary by Education Chart

Bachelor's Degree
47,120 EUR
Master's Degree +93%
91,320 EUR

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 San Marino is around 22,700 to 68,100 EUR 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 San Marino, a male auditing insurance manager will earn an average of 83,140 EUR, while a female auditing insurance manager will earn around 68,320 EUR.

This means that a male auditing insurance manager earns approximately 22% more than a female auditing insurance manager for performing the same job.

Average Salary by Gender Chart in San Marino

Male
83,140 EUR
Female -22%
68,320 EUR

Auditing Insurance Manager Average Pay Raise in San Marino

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 San Marino is around 7% every 30 months.

The national average pay raise across all professions and industries in San Marino is around 4% every 29 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 ÷ 30 ) × 12  = 3%

What this means is that an Auditing Insurance Manager in San Marino can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in San Marino for 2024

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

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%

Auditing Insurance Manager Bonus and Incentive Rates in San Marino

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 67% of employees reporting at least one bonus in the last 12 months.

33% 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 5% to 9%.

Received Bonus
67%
No Bonus
33%

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 San Marino earn approximately 28% more than private sector employees in the same role.

Public Sector
60,180 EUR
Private Sector -28%
46,880 EUR

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 San Marino.

Job Title Category Salary
Actuarial Analyst Insurance 66,960 EUR
Actuarial Assistant Insurance 48,160 EUR
Actuarial Specialist Insurance 47,580 EUR
Actuary Insurance 74,620 EUR
Adjustment Insurance Clerk Insurance 19,020 EUR
Assistant Broker Insurance 34,160 EUR
Assistant Claims Manager Insurance 56,880 EUR
Associate Insurance Representative Insurance 28,180 EUR
Broker Insurance 53,320 EUR
Claim Advocacy Professional Insurance 56,100 EUR
Claims Adjuster Insurance 17,740 EUR
Claims Analyst Insurance 25,160 EUR
Claims Examiner Insurance 26,860 EUR
Claims Manager Insurance 75,980 EUR
Claims Processor Insurance 20,520 EUR
Claims Representative Insurance 25,220 EUR
Claims Resolution Specialist Insurance 60,480 EUR
Claims Supervisor Insurance 52,380 EUR
Complaints Specialist Insurance 48,200 EUR
Compliance Examiner Insurance 48,140 EUR
Compliance Officer Insurance 44,300 EUR
Compliance Reviewer Insurance 52,460 EUR
Consultant Insurance 48,760 EUR
Eligibility Interviewer Insurance 54,280 EUR
Eligibility Specialist Insurance 51,800 EUR
Insurance Account Manager Insurance 64,200 EUR
Insurance Accounts Executive Insurance 57,800 EUR
Insurance Adjuster Insurance 51,080 EUR
Insurance Agent Insurance 31,380 EUR
Insurance Analyst Insurance 50,980 EUR
Insurance Appraiser Insurance 53,380 EUR
Insurance Claims Clerk Insurance 19,860 EUR
Insurance Examiner Insurance 45,720 EUR
Insurance Investigator Insurance 49,360 EUR
Insurance Manager Insurance 88,020 EUR
Insurance Operations Manager Insurance 90,660 EUR
Insurance Policy Processing Clerk Insurance 17,740 EUR
Insurance Pricing Assistant Insurance 41,820 EUR
Insurance Program Manager Insurance 69,040 EUR
Insurance Project Manager Insurance 64,040 EUR
Insurance Quality Assurance Agent Insurance 48,200 EUR
Insurance Sales Agent Insurance 28,680 EUR
Insurance Sales Director Insurance 83,140 EUR
Insurance Sales Manager Insurance 66,260 EUR
Insurance Sales Representative Insurance 26,860 EUR
Insurance Team Leader Insurance 57,900 EUR
Insurance Underwriter Insurance 42,320 EUR
Loss Control Specialist Insurance 49,820 EUR
Loss Prevention Investigator Insurance 50,540 EUR
Loss Prevention Manager Insurance 72,700 EUR
Loss Prevention Specialist Insurance 59,480 EUR
Marine Underwriter Insurance 37,880 EUR
Medical Auditor Insurance 50,540 EUR
Monitoring and Performance Officer Insurance 37,620 EUR
Payment Services Specialist Insurance 50,340 EUR
Policy Change Director Insurance 80,480 EUR
Policy Change Supervisor Insurance 55,940 EUR
Policy Change Technician Insurance 23,140 EUR
Risk Analyst Insurance 58,800 EUR
Risk Management Director Insurance 102,620 EUR
Risk Management Supervisor Insurance 65,080 EUR
Risk Manager Insurance 98,000 EUR
Risk Modeling Manager Insurance 95,720 EUR
Title Insurance Typist Insurance 46,400 EUR
Training Manager Insurance 59,000 EUR

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