Average Claims Representative Salary in Suriname for 2024

In this article, we will look at the average Claims Representative salary for 2024 in Suriname 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 Surinamese dollar. To keep things simple, we are using the SRD currency code instead of the currency symbol $.

How Much Does a Claims Representative Make in Suriname?

A Claims Representative working in Suriname will typically earn around 28,660 SRD per year, and this can range from the lowest average salary of about 14,540 SRD to the highest average salary of 43,520 SRD.

Average Annual Salary
28,660 SRD
Average Monthly Salary
2,388 SRD

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

Highest Annual Salary
43,520 SRD
Highest Monthly Salary
3,626 SRD

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

Claims 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 Claims Representative Salaries in Suriname

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

Salary ranges

We already know that a Claims Representative can earn between 14,540 SRD and 43,520 SRD on average in Suriname. 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 Representative in Suriname is 30,840 SRD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 30,840 SRD, and 50% of the population earn more than 30,840 SRD.

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 Representative salary in Suriname, 25% of the population are earning less than 18,280 SRD while 75% of the population earn more than 18,280 SRD.

75% of the population earn less than 36,020 SRD, and 25% of the population earn more than 36,020 SRD.

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 Representative Salary by Experience Level in Suriname

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 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. A Claims Representative in Suriname that has less than two years of experience can expect to earn somewhere in the region of 14,820 SRD.
  • 2 - 5 Years Experience. With two to five years of experience the average Claims Representative salary would increase to 23,400 SRD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Claims Representative, the average salary would be 27,480 SRD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 35,000 SRD.
  • 15 - 20 Years Experience. A Claims Representative with 15 to 20 years of experience can earn an average of 38,680 SRD.
  • 20+ Years Experience. For a Claims Representative with more than 20 years, the expected average salary increases to 43,480 SRD.

Average Salary by Experience Chart

0-2 Years
14,820 SRD
2-5 Years +42%
23,400 SRD
5-10 Years +32%
27,480 SRD
10-15 Years +23%
35,000 SRD
15-20 Years +6%
38,680 SRD
20+ Years +10%
43,480 SRD

Claims Representative Salary by Education Level in Suriname

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 Representative in Suriname 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 Representative in Suriname with a certificate or diploma education can earn an average salary of 19,860 SRD.

  • Bachelor's Degree. A Claims Representative in Suriname with a bachelor's degree education can earn an average salary of 31,380 SRD.

  • Master's Degree. A Claims Representative in Suriname with a master's degree education can earn an average salary of 42,400 SRD.

Average Salary by Education Chart

Certificate or Diploma
19,860 SRD
Bachelor's Degree +59%
31,380 SRD
Master's Degree +33%
42,400 SRD

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 Suriname is around 25,700 to 77,100 SRD 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 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 Suriname, a male claims representative will earn an average of 30,840 SRD, while a female claims representative will earn around 29,040 SRD.

This means that a male claims representative earns approximately 6% more than a female claims representative for performing the same job.

Average Salary by Gender Chart in Suriname

Male
30,840 SRD
Female -6%
29,040 SRD

Claims Representative Average Pay Raise in Suriname

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 Representative in Suriname is around 7% every 28 months.

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

Annual Pay Raise by Industry in Suriname for 2024

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

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

Banking
8%
Energy
7%
Information Technology
6%
Healthcare
5%
Travel
4%
Construction
3%
Education
2%

Claims Representative Bonus and Incentive Rates in Suriname

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 Representative is a low bonus based job, with 13% of employees reporting at least one bonus in the last 12 months.

87% 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
13%
No Bonus
87%

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 Suriname earn approximately 20% more than private sector employees in the same role.

Public Sector
67,900 SRD
Private Sector -20%
56,460 SRD

Salaries for Jobs Similar to a Claims Representative

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

Job Title Category Salary
Actuarial Analyst Insurance 86,640 SRD
Actuarial Assistant Insurance 60,460 SRD
Actuarial Specialist Insurance 61,760 SRD
Actuary Insurance 85,020 SRD
Adjustment Insurance Clerk Insurance 23,140 SRD
Assistant Broker Insurance 40,640 SRD
Assistant Claims Manager Insurance 74,540 SRD
Associate Insurance Representative Insurance 33,960 SRD
Auditing Insurance Manager Insurance 96,560 SRD
Broker Insurance 64,200 SRD
Claim Advocacy Professional Insurance 62,860 SRD
Claims Adjuster Insurance 23,080 SRD
Claims Analyst Insurance 34,960 SRD
Claims Examiner Insurance 35,300 SRD
Claims Manager Insurance 93,600 SRD
Claims Processor Insurance 25,680 SRD
Claims Resolution Specialist Insurance 68,320 SRD
Claims Supervisor Insurance 60,160 SRD
Complaints Specialist Insurance 60,480 SRD
Compliance Examiner Insurance 62,060 SRD
Compliance Officer Insurance 51,900 SRD
Compliance Reviewer Insurance 60,880 SRD
Consultant Insurance 63,400 SRD
Eligibility Interviewer Insurance 72,360 SRD
Eligibility Specialist Insurance 61,840 SRD
Insurance Account Manager Insurance 75,980 SRD
Insurance Accounts Executive Insurance 72,360 SRD
Insurance Adjuster Insurance 60,840 SRD
Insurance Agent Insurance 37,380 SRD
Insurance Analyst Insurance 60,160 SRD
Insurance Appraiser Insurance 66,180 SRD
Insurance Claims Clerk Insurance 21,300 SRD
Insurance Examiner Insurance 58,440 SRD
Insurance Investigator Insurance 58,240 SRD
Insurance Manager Insurance 111,240 SRD
Insurance Operations Manager Insurance 111,920 SRD
Insurance Policy Processing Clerk Insurance 24,280 SRD
Insurance Pricing Assistant Insurance 51,080 SRD
Insurance Program Manager Insurance 84,800 SRD
Insurance Project Manager Insurance 81,960 SRD
Insurance Quality Assurance Agent Insurance 57,360 SRD
Insurance Sales Agent Insurance 37,740 SRD
Insurance Sales Director Insurance 107,580 SRD
Insurance Sales Manager Insurance 85,440 SRD
Insurance Sales Representative Insurance 31,980 SRD
Insurance Team Leader Insurance 65,080 SRD
Insurance Underwriter Insurance 48,160 SRD
Loss Control Specialist Insurance 63,400 SRD
Loss Prevention Investigator Insurance 71,700 SRD
Loss Prevention Manager Insurance 88,300 SRD
Loss Prevention Specialist Insurance 67,560 SRD
Marine Underwriter Insurance 45,620 SRD
Medical Auditor Insurance 62,860 SRD
Monitoring and Performance Officer Insurance 43,800 SRD
Payment Services Specialist Insurance 66,180 SRD
Policy Change Director Insurance 98,000 SRD
Policy Change Supervisor Insurance 66,120 SRD
Policy Change Technician Insurance 31,400 SRD
Risk Analyst Insurance 72,120 SRD
Risk Management Director Insurance 124,400 SRD
Risk Management Supervisor Insurance 83,020 SRD
Risk Manager Insurance 119,900 SRD
Risk Modeling Manager Insurance 123,400 SRD
Title Insurance Typist Insurance 55,320 SRD
Training Manager Insurance 72,700 SRD

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