Average Claims Resolution Specialist Salary in Antigua and Barbuda for 2024

In this article, we will look at the average Claims Resolution Specialist salary for 2024 in Antigua and Barbuda 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 Eastern Caribbean dollar. To keep things simple, we are using the XCD currency code instead of the currency symbol $.

How Much Does a Claims Resolution Specialist Make in Antigua and Barbuda?

A Claims Resolution Specialist working in Antigua and Barbuda will typically earn around 57,820 XCD per year, and this can range from the lowest average salary of about 26,660 XCD to the highest average salary of 93,880 XCD.

Average Annual Salary
57,820 XCD
Average Monthly Salary
4,818 XCD

Lowest Annual Salary
26,660 XCD
Lowest Monthly Salary
2,221 XCD

Highest Annual Salary
93,880 XCD
Highest Monthly Salary
7,823 XCD

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

Claims Resolution Specialist 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 Resolution Specialist Salaries in Antigua and Barbuda

So we've looked at the average salaries a Claims Resolution Specialist will earn in Antigua and Barbuda. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Claims Resolution Specialist can earn between 26,660 XCD and 93,880 XCD on average in Antigua and Barbuda. 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 Resolution Specialist in Antigua and Barbuda is 66,020 XCD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 66,020 XCD, and 50% of the population earn more than 66,020 XCD.

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 Resolution Specialist salary in Antigua and Barbuda, 25% of the population are earning less than 41,180 XCD while 75% of the population earn more than 41,180 XCD.

75% of the population earn less than 86,520 XCD, and 25% of the population earn more than 86,520 XCD.

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 Resolution Specialist Salary by Experience Level in Antigua and Barbuda

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 resolution specialist 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 Resolution Specialist in Antigua and Barbuda that has less than two years of experience can expect to earn somewhere in the region of 31,380 XCD.
  • 2 - 5 Years Experience. With two to five years of experience the average Claims Resolution Specialist salary would increase to 42,320 XCD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Claims Resolution Specialist, the average salary would be 60,840 XCD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 73,980 XCD.
  • 15 - 20 Years Experience. A Claims Resolution Specialist with 15 to 20 years of experience can earn an average of 82,200 XCD.
  • 20+ Years Experience. For a Claims Resolution Specialist with more than 20 years, the expected average salary increases to 89,120 XCD.

Average Salary by Experience Chart

0-2 Years
31,380 XCD
2-5 Years +34%
42,320 XCD
5-10 Years +48%
60,840 XCD
10-15 Years +22%
73,980 XCD
15-20 Years +9%
82,200 XCD
20+ Years +8%
89,120 XCD

Claims Resolution Specialist Salary by Education Level in Antigua and Barbuda

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 Resolution Specialist in Antigua and Barbuda 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 Resolution Specialist in Antigua and Barbuda with a certificate or diploma education can earn an average salary of 37,620 XCD.

  • Bachelor's Degree. A Claims Resolution Specialist in Antigua and Barbuda with a bachelor's degree education can earn an average salary of 69,540 XCD.

Average Salary by Education Chart

Certificate or Diploma
37,620 XCD
Bachelor's Degree +93%
69,540 XCD

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 Antigua and Barbuda is around 22,600 to 67,700 XCD 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 Resolution Specialist 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 Antigua and Barbuda, a male claims resolution specialist will earn an average of 63,400 XCD, while a female claims resolution specialist will earn around 53,160 XCD.

This means that a male claims resolution specialist earns approximately 19% more than a female claims resolution specialist for performing the same job.

Average Salary by Gender Chart in Antigua and Barbuda

Male
63,400 XCD
Female -19%
53,160 XCD

Claims Resolution Specialist Average Pay Raise in Antigua and Barbuda

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 Resolution Specialist in Antigua and Barbuda is around 7% every 30 months.

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

Annual Pay Raise by Industry in Antigua and Barbuda for 2024

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

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%

Claims Resolution Specialist Bonus and Incentive Rates in Antigua and Barbuda

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 Resolution Specialist is a low bonus based job, with 41% of employees reporting at least one bonus in the last 12 months.

59% 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
41%
No Bonus
59%

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 Antigua and Barbuda earn approximately 20% more than private sector employees in the same role.

Public Sector
58,720 XCD
Private Sector -20%
48,740 XCD

Salaries for Jobs Similar to a Claims Resolution Specialist

In the table below, we have salary information for jobs that are similar to a Claims Resolution Specialist in Antigua and Barbuda.

Job Title Category Salary
Actuarial Analyst Insurance 74,380 XCD
Actuarial Assistant Insurance 54,140 XCD
Actuarial Specialist Insurance 55,940 XCD
Actuary Insurance 79,260 XCD
Adjustment Insurance Clerk Insurance 19,060 XCD
Assistant Broker Insurance 34,380 XCD
Assistant Claims Manager Insurance 60,180 XCD
Associate Insurance Representative Insurance 30,840 XCD
Auditing Insurance Manager Insurance 85,080 XCD
Broker Insurance 58,520 XCD
Claim Advocacy Professional Insurance 56,060 XCD
Claims Adjuster Insurance 21,020 XCD
Claims Analyst Insurance 28,680 XCD
Claims Examiner Insurance 32,020 XCD
Claims Manager Insurance 81,960 XCD
Claims Processor Insurance 20,460 XCD
Claims Representative Insurance 24,720 XCD
Claims Supervisor Insurance 51,900 XCD
Complaints Specialist Insurance 50,540 XCD
Compliance Examiner Insurance 51,800 XCD
Compliance Officer Insurance 43,340 XCD
Compliance Reviewer Insurance 53,860 XCD
Consultant Insurance 57,360 XCD
Eligibility Interviewer Insurance 60,400 XCD
Eligibility Specialist Insurance 54,700 XCD
Insurance Account Manager Insurance 66,180 XCD
Insurance Accounts Executive Insurance 57,620 XCD
Insurance Adjuster Insurance 53,840 XCD
Insurance Agent Insurance 34,980 XCD
Insurance Analyst Insurance 54,140 XCD
Insurance Appraiser Insurance 54,560 XCD
Insurance Claims Clerk Insurance 21,400 XCD
Insurance Examiner Insurance 50,620 XCD
Insurance Investigator Insurance 55,220 XCD
Insurance Manager Insurance 96,960 XCD
Insurance Operations Manager Insurance 99,340 XCD
Insurance Policy Processing Clerk Insurance 20,000 XCD
Insurance Pricing Assistant Insurance 46,280 XCD
Insurance Program Manager Insurance 72,260 XCD
Insurance Project Manager Insurance 69,720 XCD
Insurance Quality Assurance Agent Insurance 49,200 XCD
Insurance Sales Agent Insurance 35,300 XCD
Insurance Sales Director Insurance 92,720 XCD
Insurance Sales Manager Insurance 72,180 XCD
Insurance Sales Representative Insurance 30,220 XCD
Insurance Team Leader Insurance 57,440 XCD
Insurance Underwriter Insurance 38,780 XCD
Loss Control Specialist Insurance 58,200 XCD
Loss Prevention Investigator Insurance 62,100 XCD
Loss Prevention Manager Insurance 77,340 XCD
Loss Prevention Specialist Insurance 57,320 XCD
Marine Underwriter Insurance 41,980 XCD
Medical Auditor Insurance 57,320 XCD
Monitoring and Performance Officer Insurance 39,080 XCD
Payment Services Specialist Insurance 57,440 XCD
Policy Change Director Insurance 87,000 XCD
Policy Change Supervisor Insurance 58,440 XCD
Policy Change Technician Insurance 29,040 XCD
Risk Analyst Insurance 64,560 XCD
Risk Management Director Insurance 112,560 XCD
Risk Management Supervisor Insurance 72,260 XCD
Risk Manager Insurance 111,460 XCD
Risk Modeling Manager Insurance 99,460 XCD
Title Insurance Typist Insurance 49,200 XCD
Training Manager Insurance 64,040 XCD

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