Average Claims Supervisor Salary in Libya for 2024

In this article, we will look at the average Claims Supervisor salary for 2024 in Libya 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 Libyan dinar. To keep things simple, we are using the LYD currency code instead of the currency symbol ู„.ุฏ.

How Much Does a Claims Supervisor Make in Libya?

A Claims Supervisor working in Libya will typically earn around 27,480 LYD per year, and this can range from the lowest average salary of about 14,840 LYD to the highest average salary of 45,560 LYD.

Average Annual Salary
27,480 LYD
Average Monthly Salary
2,290 LYD

Lowest Annual Salary
14,840 LYD
Lowest Monthly Salary
1,236 LYD

Highest Annual Salary
45,560 LYD
Highest Monthly Salary
3,796 LYD

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

Claims Supervisor 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 Supervisor Salaries in Libya

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

Salary ranges

We already know that a Claims Supervisor can earn between 14,840 LYD and 45,560 LYD on average in Libya. 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 Supervisor in Libya is 26,280 LYD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 26,280 LYD, and 50% of the population earn more than 26,280 LYD.

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 Supervisor salary in Libya, 25% of the population are earning less than 18,900 LYD while 75% of the population earn more than 18,900 LYD.

75% of the population earn less than 37,200 LYD, and 25% of the population earn more than 37,200 LYD.

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 Supervisor Salary by Experience Level in Libya

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 supervisor 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 Supervisor in Libya that has less than two years of experience can expect to earn somewhere in the region of 17,540 LYD.
  • 2 - 5 Years Experience. With two to five years of experience the average Claims Supervisor salary would increase to 19,980 LYD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Claims Supervisor, the average salary would be 30,700 LYD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 35,000 LYD.
  • 15 - 20 Years Experience. A Claims Supervisor with 15 to 20 years of experience can earn an average of 40,420 LYD.
  • 20+ Years Experience. For a Claims Supervisor with more than 20 years, the expected average salary increases to 42,040 LYD.

Average Salary by Experience Chart

0-2 Years
17,540 LYD
2-5 Years +31%
19,980 LYD
5-10 Years +40%
30,700 LYD
10-15 Years +20%
35,000 LYD
15-20 Years +9%
40,420 LYD
20+ Years +8%
42,040 LYD

Claims Supervisor Salary by Education Level in Libya

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 Supervisor in Libya 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 Supervisor in Libya with a certificate or diploma education can earn an average salary of 20,120 LYD.

  • Bachelor's Degree. A Claims Supervisor in Libya with a bachelor's degree education can earn an average salary of 26,400 LYD.

  • Master's Degree. A Claims Supervisor in Libya with a master's degree education can earn an average salary of 41,560 LYD.

Average Salary by Education Chart

Certificate or Diploma
20,120 LYD
Bachelor's Degree +50%
26,400 LYD
Master's Degree +48%
41,560 LYD

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 Libya is around 11,400 to 34,300 LYD 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 Supervisor 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 Libya, a male claims supervisor will earn an average of 31,340 LYD, while a female claims supervisor will earn around 25,160 LYD.

This means that a male claims supervisor earns approximately 25% more than a female claims supervisor for performing the same job.

Average Salary by Gender Chart in Libya

Male
31,340 LYD
Female -25%
25,160 LYD

Claims Supervisor Average Pay Raise in Libya

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 Supervisor in Libya is around 8% every 29 months.

The national average pay raise across all professions and industries in Libya 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 = ( 8 ÷ 29 ) × 12  = 3%

What this means is that a Claims Supervisor in Libya can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Libya for 2024

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

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

Banking
5%
Energy
1%
Information Technology
6%
Healthcare
2%
Travel
7%
Construction
3%
Education
8%

Claims Supervisor Bonus and Incentive Rates in Libya

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 Supervisor is a low bonus based job, with 36% of employees reporting at least one bonus in the last 12 months.

64% 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 3% to 6%.

Received Bonus
36%
No Bonus
64%

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 Libya earn approximately 5% more than private sector employees in the same role.

Public Sector
28,720 LYD
Private Sector -5%
27,300 LYD

Salaries for Jobs Similar to a Claims Supervisor

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

Job Title Category Salary
Actuarial Analyst Insurance 37,740 LYD
Actuarial Assistant Insurance 26,500 LYD
Actuarial Specialist Insurance 28,660 LYD
Actuary Insurance 37,740 LYD
Adjustment Insurance Clerk Insurance 11,300 LYD
Assistant Broker Insurance 20,300 LYD
Assistant Claims Manager Insurance 31,080 LYD
Associate Insurance Representative Insurance 14,540 LYD
Auditing Insurance Manager Insurance 40,640 LYD
Broker Insurance 28,180 LYD
Claim Advocacy Professional Insurance 26,500 LYD
Claims Adjuster Insurance 8,880 LYD
Claims Analyst Insurance 14,540 LYD
Claims Examiner Insurance 12,240 LYD
Claims Manager Insurance 40,420 LYD
Claims Processor Insurance 9,960 LYD
Claims Representative Insurance 10,980 LYD
Claims Resolution Specialist Insurance 31,540 LYD
Complaints Specialist Insurance 27,040 LYD
Compliance Examiner Insurance 27,620 LYD
Compliance Officer Insurance 24,820 LYD
Compliance Reviewer Insurance 27,020 LYD
Consultant Insurance 27,480 LYD
Eligibility Interviewer Insurance 28,900 LYD
Eligibility Specialist Insurance 31,540 LYD
Insurance Account Manager Insurance 34,360 LYD
Insurance Accounts Executive Insurance 31,940 LYD
Insurance Adjuster Insurance 24,720 LYD
Insurance Agent Insurance 16,880 LYD
Insurance Analyst Insurance 25,660 LYD
Insurance Appraiser Insurance 27,560 LYD
Insurance Claims Clerk Insurance 9,460 LYD
Insurance Examiner Insurance 23,700 LYD
Insurance Investigator Insurance 27,300 LYD
Insurance Manager Insurance 47,580 LYD
Insurance Operations Manager Insurance 49,820 LYD
Insurance Policy Processing Clerk Insurance 8,880 LYD
Insurance Pricing Assistant Insurance 21,640 LYD
Insurance Program Manager Insurance 38,140 LYD
Insurance Project Manager Insurance 35,420 LYD
Insurance Quality Assurance Agent Insurance 23,480 LYD
Insurance Sales Agent Insurance 15,700 LYD
Insurance Sales Director Insurance 48,200 LYD
Insurance Sales Manager Insurance 35,260 LYD
Insurance Sales Representative Insurance 13,560 LYD
Insurance Team Leader Insurance 27,480 LYD
Insurance Underwriter Insurance 21,540 LYD
Loss Control Specialist Insurance 28,180 LYD
Loss Prevention Investigator Insurance 29,640 LYD
Loss Prevention Manager Insurance 40,420 LYD
Loss Prevention Specialist Insurance 27,480 LYD
Marine Underwriter Insurance 19,980 LYD
Medical Auditor Insurance 28,720 LYD
Monitoring and Performance Officer Insurance 20,520 LYD
Payment Services Specialist Insurance 27,560 LYD
Policy Change Director Insurance 43,080 LYD
Policy Change Supervisor Insurance 31,940 LYD
Policy Change Technician Insurance 13,560 LYD
Risk Analyst Insurance 31,940 LYD
Risk Management Director Insurance 54,700 LYD
Risk Management Supervisor Insurance 35,000 LYD
Risk Manager Insurance 55,940 LYD
Risk Modeling Manager Insurance 52,460 LYD
Title Insurance Typist Insurance 23,700 LYD
Training Manager Insurance 30,700 LYD

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