Average Claims Processor Salary in Finland for 2024

In this article, we will look at the average Claims Processor salary for 2024 in Finland 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 a Claims Processor Make in Finland?

A Claims Processor working in Finland will typically earn around 20,500 EUR per year, and this can range from the lowest average salary of about 10,380 EUR to the highest average salary of 31,380 EUR.

Average Annual Salary
20,500 EUR
Average Monthly Salary
1,708 EUR

Lowest Annual Salary
10,380 EUR
Lowest Monthly Salary
865 EUR

Highest Annual Salary
31,380 EUR
Highest Monthly Salary
2,615 EUR

These are average salaries for a Claims Processor in Finland and include benefits such as housing and transport. It's also possible for a Claims Processor to earn more or less than the average salaries shown above.

Claims Processor 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 Claims Processor Salaries in Finland

So we've looked at the average salaries a Claims Processor will earn in Finland. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Claims Processor can earn between 10,380 EUR and 31,380 EUR on average in Finland. 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 a Claims Processor in Finland is 20,940 EUR. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 20,940 EUR, and 50% of the population earn more than 20,940 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 Claims Processor salary in Finland, 25% of the population are earning less than 13,960 EUR while 75% of the population earn more than 13,960 EUR.

75% of the population earn less than 26,780 EUR, and 25% of the population earn more than 26,780 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.

Claims Processor Salary by Experience Level in Finland

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 claims processor 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. A Claims Processor in Finland that has less than two years of experience can expect to earn somewhere in the region of 12,760 EUR.
  • 2 - 5 Years Experience. With two to five years of experience the average Claims Processor salary would increase to 14,820 EUR.
  • 5 - 10 Years Experience. From five to ten years of experience as a Claims Processor, the average salary would be 19,060 EUR.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 25,940 EUR.
  • 15 - 20 Years Experience. A Claims Processor with 15 to 20 years of experience can earn an average of 28,820 EUR.
  • 20+ Years Experience. For a Claims Processor with more than 20 years, the expected average salary increases to 28,860 EUR.

Average Salary by Experience Chart

0-2 Years
12,760 EUR
2-5 Years +42%
14,820 EUR
5-10 Years +32%
19,060 EUR
10-15 Years +23%
25,940 EUR
15-20 Years +6%
28,820 EUR
20+ Years +10%
28,860 EUR

Claims Processor Salary by Education Level in Finland

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 a Claims Processor in Finland 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. A Claims Processor in Finland with a certificate or diploma education can earn an average salary of 15,880 EUR.

  • Bachelor's Degree. A Claims Processor in Finland with a bachelor's degree education can earn an average salary of 28,720 EUR.

Average Salary by Education Chart

Certificate or Diploma
15,880 EUR
Bachelor's Degree +90%
28,720 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 Finland is around 23,400 to 70,300 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.

Claims Processor 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 Finland, a male claims processor will earn an average of 19,380 EUR, while a female claims processor will earn around 18,940 EUR.

This means that a male claims processor earns approximately 2% more than a female claims processor for performing the same job.

Average Salary by Gender Chart in Finland

Male
19,380 EUR
Female -2%
18,940 EUR

Claims Processor Average Pay Raise in Finland

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 a Claims Processor in Finland is around 10% every 15 months.

The national average pay raise across all professions and industries in Finland is around 8% every 16 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 ÷ 15 ) × 12  = 8%

What this means is that a Claims Processor in Finland can expect to receive an average pay raise of around 8% every 12 months.

Annual Pay Raise by Industry in Finland for 2024

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

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

Banking
1%
Energy
2%
Information Technology
3%
Healthcare
4%
Travel
5%
Construction
6%
Education
7%

Claims Processor Bonus and Incentive Rates in Finland

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.

A Claims Processor is a low bonus based job, with 32% of employees reporting at least one bonus in the last 12 months.

68% 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 0% to 4%.

Received Bonus
32%
No Bonus
68%

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 Finland earn approximately 6% more than private sector employees in the same role.

Public Sector
59,380 EUR
Private Sector -6%
56,060 EUR

Salaries for Jobs Similar to a Claims Processor

In the table below, we have salary information for jobs that are similar to a Claims Processor in Finland.

Job Title Category Salary
Actuarial Analyst Insurance 73,120 EUR
Actuarial Assistant Insurance 50,340 EUR
Actuarial Specialist Insurance 56,880 EUR
Actuary Insurance 69,240 EUR
Adjustment Insurance Clerk Insurance 21,020 EUR
Assistant Broker Insurance 33,520 EUR
Assistant Claims Manager Insurance 59,660 EUR
Associate Insurance Representative Insurance 28,680 EUR
Auditing Insurance Manager Insurance 80,280 EUR
Broker Insurance 55,220 EUR
Claim Advocacy Professional Insurance 55,940 EUR
Claims Adjuster Insurance 20,520 EUR
Claims Analyst Insurance 30,700 EUR
Claims Examiner Insurance 27,480 EUR
Claims Manager Insurance 78,500 EUR
Claims Representative Insurance 25,940 EUR
Claims Resolution Specialist Insurance 56,460 EUR
Claims Supervisor Insurance 56,460 EUR
Complaints Specialist Insurance 46,880 EUR
Compliance Examiner Insurance 51,120 EUR
Compliance Officer Insurance 45,580 EUR
Compliance Reviewer Insurance 50,980 EUR
Consultant Insurance 54,280 EUR
Eligibility Interviewer Insurance 57,900 EUR
Eligibility Specialist Insurance 55,840 EUR
Insurance Account Manager Insurance 64,200 EUR
Insurance Accounts Executive Insurance 60,340 EUR
Insurance Adjuster Insurance 48,940 EUR
Insurance Agent Insurance 34,240 EUR
Insurance Analyst Insurance 53,660 EUR
Insurance Appraiser Insurance 56,460 EUR
Insurance Claims Clerk Insurance 21,020 EUR
Insurance Examiner Insurance 50,580 EUR
Insurance Investigator Insurance 55,140 EUR
Insurance Manager Insurance 91,660 EUR
Insurance Operations Manager Insurance 95,760 EUR
Insurance Policy Processing Clerk Insurance 21,380 EUR
Insurance Pricing Assistant Insurance 44,180 EUR
Insurance Program Manager Insurance 73,980 EUR
Insurance Project Manager Insurance 69,240 EUR
Insurance Quality Assurance Agent Insurance 45,580 EUR
Insurance Sales Agent Insurance 31,520 EUR
Insurance Sales Director Insurance 86,640 EUR
Insurance Sales Manager Insurance 74,540 EUR
Insurance Sales Representative Insurance 26,100 EUR
Insurance Team Leader Insurance 58,000 EUR
Insurance Underwriter Insurance 38,780 EUR
Loss Control Specialist Insurance 51,900 EUR
Loss Prevention Investigator Insurance 55,840 EUR
Loss Prevention Manager Insurance 74,300 EUR
Loss Prevention Specialist Insurance 61,400 EUR
Marine Underwriter Insurance 44,300 EUR
Medical Auditor Insurance 56,880 EUR
Monitoring and Performance Officer Insurance 36,020 EUR
Payment Services Specialist Insurance 52,300 EUR
Policy Change Director Insurance 81,960 EUR
Policy Change Supervisor Insurance 60,920 EUR
Policy Change Technician Insurance 25,660 EUR
Risk Analyst Insurance 58,240 EUR
Risk Management Director Insurance 108,080 EUR
Risk Management Supervisor Insurance 66,840 EUR
Risk Manager Insurance 97,460 EUR
Risk Modeling Manager Insurance 106,600 EUR
Title Insurance Typist Insurance 45,620 EUR
Training Manager Insurance 61,460 EUR

Salary Comparison by City

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

City Average Salary
Helsinki 23,400 EUR

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