Average Insurance Account Manager Salary in Greece for 2024

In this article, we will look at the average Insurance Account Manager salary for 2024 in Greece 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 Insurance Account Manager Make in Greece?

An Insurance Account Manager working in Greece will typically earn around 33,980 EUR per year, and this can range from the lowest average salary of about 15,760 EUR to the highest average salary of 56,100 EUR.

Average Annual Salary
33,980 EUR
Average Monthly Salary
2,831 EUR

Lowest Annual Salary
15,760 EUR
Lowest Monthly Salary
1,313 EUR

Highest Annual Salary
56,100 EUR
Highest Monthly Salary
4,675 EUR

These are average salaries for an Insurance Account Manager in Greece and include benefits such as housing and transport. It's also possible for an Insurance Account Manager to earn more or less than the average salaries shown above.

Insurance Account 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 Insurance Account Manager Salaries in Greece

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

Salary ranges

We already know that an Insurance Account Manager can earn between 15,760 EUR and 56,100 EUR on average in Greece. 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 Insurance Account Manager in Greece is 39,160 EUR. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 39,160 EUR, and 50% of the population earn more than 39,160 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 Insurance Account Manager salary in Greece, 25% of the population are earning less than 25,220 EUR while 75% of the population earn more than 25,220 EUR.

75% of the population earn less than 50,240 EUR, and 25% of the population earn more than 50,240 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.

Insurance Account Manager Salary by Experience Level in Greece

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 insurance account 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 Insurance Account Manager in Greece that has less than two years of experience can expect to earn somewhere in the region of 19,220 EUR.
  • 2 - 5 Years Experience. With two to five years of experience the average Insurance Account Manager salary would increase to 23,140 EUR.
  • 5 - 10 Years Experience. From five to ten years of experience as an Insurance Account Manager, the average salary would be 36,160 EUR.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 43,080 EUR.
  • 15 - 20 Years Experience. An Insurance Account Manager with 15 to 20 years of experience can earn an average of 45,720 EUR.
  • 20+ Years Experience. For an Insurance Account Manager with more than 20 years, the expected average salary increases to 52,180 EUR.

Average Salary by Experience Chart

0-2 Years
19,220 EUR
2-5 Years +33%
23,140 EUR
5-10 Years +48%
36,160 EUR
10-15 Years +22%
43,080 EUR
15-20 Years +9%
45,720 EUR
20+ Years +8%
52,180 EUR

Insurance Account Manager Salary by Education Level in Greece

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 Insurance Account Manager in Greece 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 Insurance Account Manager in Greece with a bachelor's degree education can earn an average salary of 21,020 EUR.

  • Master's Degree. An Insurance Account Manager in Greece with a master's degree education can earn an average salary of 38,780 EUR.

Average Salary by Education Chart

Bachelor's Degree
21,020 EUR
Master's Degree +93%
38,780 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 Greece is around 12,200 to 36,500 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.

Insurance Account 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 Greece, a male insurance account manager will earn an average of 35,260 EUR, while a female insurance account manager will earn around 31,520 EUR.

This means that a male insurance account manager earns approximately 12% more than a female insurance account manager for performing the same job.

Average Salary by Gender Chart in Greece

Male
35,260 EUR
Female -12%
31,520 EUR

Insurance Account Manager Average Pay Raise in Greece

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 Insurance Account Manager in Greece is around 12% every 17 months.

The national average pay raise across all professions and industries in Greece is around 9% 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 = ( 12 ÷ 17 ) × 12  = 8%

What this means is that an Insurance Account Manager in Greece can expect to receive an average pay raise of around 8% every 12 months.

Annual Pay Raise by Industry in Greece for 2024

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

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

Banking
3%
Energy
6%
Information Technology
9%
Healthcare
3%
Travel
6%
Construction
9%
Education
3%

Insurance Account Manager Bonus and Incentive Rates in Greece

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 Insurance Account Manager is a high bonus based job, with 85% of employees reporting at least one bonus in the last 12 months.

15% 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
85%
No Bonus
15%

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 Greece earn approximately 1% less than private sector employees in the same role.

Public Sector
29,640 EUR
Private Sector +1%
29,840 EUR

Salaries for Jobs Similar to an Insurance Account Manager

In the table below, we have salary information for jobs that are similar to an Insurance Account Manager in Greece.

Job Title Category Salary
Actuarial Analyst Insurance 38,140 EUR
Actuarial Assistant Insurance 25,940 EUR
Actuarial Specialist Insurance 26,280 EUR
Actuary Insurance 36,020 EUR
Adjustment Insurance Clerk Insurance 9,740 EUR
Assistant Broker Insurance 17,760 EUR
Assistant Claims Manager Insurance 29,640 EUR
Associate Insurance Representative Insurance 14,920 EUR
Auditing Insurance Manager Insurance 42,320 EUR
Broker Insurance 26,280 EUR
Claim Advocacy Professional Insurance 26,400 EUR
Claims Adjuster Insurance 9,980 EUR
Claims Analyst Insurance 17,260 EUR
Claims Examiner Insurance 17,020 EUR
Claims Manager Insurance 39,420 EUR
Claims Processor Insurance 9,740 EUR
Claims Representative Insurance 11,360 EUR
Claims Resolution Specialist Insurance 28,860 EUR
Claims Supervisor Insurance 26,660 EUR
Complaints Specialist Insurance 26,780 EUR
Compliance Examiner Insurance 28,820 EUR
Compliance Officer Insurance 23,660 EUR
Compliance Reviewer Insurance 26,080 EUR
Consultant Insurance 26,860 EUR
Eligibility Interviewer Insurance 31,940 EUR
Eligibility Specialist Insurance 29,040 EUR
Insurance Accounts Executive Insurance 27,560 EUR
Insurance Adjuster Insurance 24,720 EUR
Insurance Agent Insurance 17,620 EUR
Insurance Analyst Insurance 27,020 EUR
Insurance Appraiser Insurance 26,660 EUR
Insurance Claims Clerk Insurance 9,460 EUR
Insurance Examiner Insurance 25,660 EUR
Insurance Investigator Insurance 28,820 EUR
Insurance Manager Insurance 47,580 EUR
Insurance Operations Manager Insurance 50,020 EUR
Insurance Policy Processing Clerk Insurance 9,960 EUR
Insurance Pricing Assistant Insurance 19,940 EUR
Insurance Program Manager Insurance 34,120 EUR
Insurance Project Manager Insurance 35,260 EUR
Insurance Quality Assurance Agent Insurance 24,800 EUR
Insurance Sales Agent Insurance 18,260 EUR
Insurance Sales Director Insurance 45,580 EUR
Insurance Sales Manager Insurance 37,740 EUR
Insurance Sales Representative Insurance 12,580 EUR
Insurance Team Leader Insurance 29,160 EUR
Insurance Underwriter Insurance 21,380 EUR
Loss Control Specialist Insurance 25,660 EUR
Loss Prevention Investigator Insurance 29,840 EUR
Loss Prevention Manager Insurance 40,420 EUR
Loss Prevention Specialist Insurance 31,380 EUR
Marine Underwriter Insurance 21,020 EUR
Medical Auditor Insurance 28,720 EUR
Monitoring and Performance Officer Insurance 19,360 EUR
Payment Services Specialist Insurance 26,660 EUR
Policy Change Director Insurance 44,780 EUR
Policy Change Supervisor Insurance 31,940 EUR
Policy Change Technician Insurance 11,880 EUR
Risk Analyst Insurance 31,080 EUR
Risk Management Director Insurance 51,340 EUR
Risk Management Supervisor Insurance 38,180 EUR
Risk Manager Insurance 51,900 EUR
Risk Modeling Manager Insurance 53,860 EUR
Title Insurance Typist Insurance 24,800 EUR
Training Manager Insurance 33,440 EUR

Salary Comparison by City

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

City Average Salary
Athens 38,140 EUR

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