Average Insurance Account Manager Salary in Madagascar for 2026
In this article, we will look at the average Insurance Account Manager salary for 2026 in Madagascar 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 Malagasy ariary. To keep things simple, we are using the MGA currency code instead of the currency symbol Ar.
How Much Does an Insurance Account Manager Make in Madagascar?
An Insurance Account Manager working in Madagascar will typically earn around 20,518,900 MGA per year, and this can range from the lowest average salary of about 9,421,200 MGA to the highest average salary of 32,519,500 MGA.
These are average salaries for an Insurance Account Manager in Madagascar 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 Madagascar
So we've looked at the average salaries an Insurance Account Manager will earn in Madagascar. The next interesting data point is the distribution of salaries.
Salary ranges
We already know that an Insurance Account Manager can earn between 9,421,200 MGA and 32,519,500 MGA on average in Madagascar. 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 Madagascar is 22,081,800 MGA. This is the middle value in the distribution of salaries.
What this means is that approximately 50% of the population earn less than 22,081,800 MGA, and 50% of the population earn more than 22,081,800 MGA.
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 Madagascar, 25% of the population are earning less than 14,158,800 MGA while 75% of the population earn more than 14,158,800 MGA.
75% of the population earn less than 29,519,900 MGA, and 25% of the population earn more than 29,519,900 MGA.
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 Madagascar
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 Madagascar that has less than two years of experience can expect to earn somewhere in the region of 10,691,100 MGA.
- 2 - 5 Years Experience. With two to five years of experience the average Insurance Account Manager salary would increase to 14,280,500 MGA.
- 5 - 10 Years Experience. From five to ten years of experience as an Insurance Account Manager, the average salary would be 21,121,400 MGA.
- 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 25,679,100 MGA.
- 15 - 20 Years Experience. An Insurance Account Manager with 15 to 20 years of experience can earn an average of 28,078,900 MGA.
- 20+ Years Experience. For an Insurance Account Manager with more than 20 years, the expected average salary increases to 30,360,800 MGA.
Average Salary by Experience Chart
| 0-2 Years | - | 10,691,100 MGA |
| 2-5 Years | +34% | 14,280,500 MGA |
| 5-10 Years | +48% | 21,121,400 MGA |
| 10-15 Years | +22% | 25,679,100 MGA |
| 15-20 Years | +9% | 28,078,900 MGA |
| 20+ Years | +8% | 30,360,800 MGA |
Insurance Account Manager Salary by Education Level in Madagascar
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 Madagascar 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 Madagascar with a bachelor's degree education can earn an average salary of 12,481,200 MGA.
- Master's Degree. An Insurance Account Manager in Madagascar with a master's degree education can earn an average salary of 24,000,900 MGA.
Average Salary by Education Chart
| Bachelor's Degree | - | 12,481,200 MGA |
| Master's Degree | +93% | 24,000,900 MGA |
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 Madagascar is around 6,570,000 to 19,700,000 MGA 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 Madagascar, a male insurance account manager will earn an average of 22,441,700 MGA, while a female insurance account manager will earn around 18,598,500 MGA.
This means that a male insurance account manager earns approximately 21% more than a female insurance account manager for performing the same job.
Average Salary by Gender Chart in Madagascar
| Male | - | 22,441,700 MGA |
| Female | -21% | 18,598,500 MGA |
Insurance Account Manager Average Pay Raise in Madagascar
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 Madagascar is around 8% every 29 months.
The national average pay raise across all professions and industries in Madagascar 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 an Insurance Account Manager in Madagascar can expect to receive an average pay raise of around 3% every 12 months.
Annual Pay Raise by Industry in Madagascar for 2026
In the chart below, you can see the average annual pay raise percentages for each of the major industries in Madagascar.
You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.
| Banking | - | 2% |
| Energy | - | 4% |
| Information Technology | - | 6% |
| Healthcare | - | 8% |
| Travel | - | 1% |
| Construction | - | 3% |
| Education | - | 5% |
Insurance Account Manager Bonus and Incentive Rates in Madagascar
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 moderate bonus based job, with 67% of employees reporting at least one bonus in the last 12 months.
33% 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 | - | 67% |
| No Bonus | - | 33% |
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 Madagascar earn approximately 18% more than private sector employees in the same role.
| Public Sector | - | 16,679,800 MGA |
| Private Sector | -18% | 14,158,800 MGA |
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 Madagascar.
| Job Title | Category | Salary |
|---|---|---|
| Actuarial Analyst | Insurance | 20,639,100 MGA |
| Actuarial Assistant | Insurance | 15,001,200 MGA |
| Actuarial Specialist | Insurance | 15,599,800 MGA |
| Actuary | Insurance | 21,361,700 MGA |
| Adjustment Insurance Clerk | Insurance | 6,179,700 MGA |
| Assistant Broker | Insurance | 10,306,800 MGA |
| Assistant Claims Manager | Insurance | 17,399,400 MGA |
| Associate Insurance Representative | Insurance | 8,075,200 MGA |
| Auditing Insurance Manager | Insurance | 23,040,200 MGA |
| Broker | Insurance | 16,679,800 MGA |
| Claim Advocacy Professional | Insurance | 16,198,300 MGA |
| Claims Adjuster | Insurance | 5,914,900 MGA |
| Claims Analyst | Insurance | 8,521,700 MGA |
| Claims Examiner | Insurance | 8,746,500 MGA |
| Claims Manager | Insurance | 22,081,800 MGA |
| Claims Processor | Insurance | 5,989,600 MGA |
| Claims Representative | Insurance | 7,271,300 MGA |
| Claims Resolution Specialist | Insurance | 17,879,000 MGA |
| Claims Supervisor | Insurance | 16,439,200 MGA |
| Complaints Specialist | Insurance | 15,480,300 MGA |
| Compliance Examiner | Insurance | 15,238,200 MGA |
| Compliance Officer | Insurance | 13,199,100 MGA |
| Compliance Reviewer | Insurance | 15,480,300 MGA |
| Consultant | Insurance | 16,079,800 MGA |
| Eligibility Interviewer | Insurance | 17,879,000 MGA |
| Eligibility Specialist | Insurance | 15,480,300 MGA |
| Insurance Accounts Executive | Insurance | 17,159,700 MGA |
| Insurance Adjuster | Insurance | 14,400,800 MGA |
| Insurance Agent | Insurance | 9,504,500 MGA |
| Insurance Analyst | Insurance | 15,480,300 MGA |
| Insurance Appraiser | Insurance | 16,561,800 MGA |
| Insurance Claims Clerk | Insurance | 5,698,400 MGA |
| Insurance Examiner | Insurance | 14,519,400 MGA |
| Insurance Investigator | Insurance | 15,238,200 MGA |
| Insurance Manager | Insurance | 27,361,200 MGA |
| Insurance Operations Manager | Insurance | 27,001,700 MGA |
| Insurance Policy Processing Clerk | Insurance | 6,203,500 MGA |
| Insurance Pricing Assistant | Insurance | 12,600,600 MGA |
| Insurance Program Manager | Insurance | 20,159,800 MGA |
| Insurance Project Manager | Insurance | 20,518,900 MGA |
| Insurance Quality Assurance Agent | Insurance | 13,561,900 MGA |
| Insurance Sales Agent | Insurance | 9,239,600 MGA |
| Insurance Sales Director | Insurance | 26,040,800 MGA |
| Insurance Sales Manager | Insurance | 20,159,800 MGA |
| Insurance Sales Representative | Insurance | 8,316,900 MGA |
| Insurance Team Leader | Insurance | 17,278,100 MGA |
| Insurance Underwriter | Insurance | 11,974,500 MGA |
| Loss Control Specialist | Insurance | 15,480,300 MGA |
| Loss Prevention Investigator | Insurance | 17,159,700 MGA |
| Loss Prevention Manager | Insurance | 22,321,900 MGA |
| Loss Prevention Specialist | Insurance | 16,799,900 MGA |
| Marine Underwriter | Insurance | 12,361,500 MGA |
| Medical Auditor | Insurance | 16,198,300 MGA |
| Monitoring and Performance Officer | Insurance | 10,835,000 MGA |
| Payment Services Specialist | Insurance | 16,561,800 MGA |
| Policy Change Director | Insurance | 25,440,400 MGA |
| Policy Change Supervisor | Insurance | 18,121,700 MGA |
| Policy Change Technician | Insurance | 7,537,100 MGA |
| Risk Analyst | Insurance | 18,359,600 MGA |
| Risk Management Director | Insurance | 29,641,500 MGA |
| Risk Management Supervisor | Insurance | 19,678,200 MGA |
| Risk Manager | Insurance | 30,240,200 MGA |
| Risk Modeling Manager | Insurance | 31,081,900 MGA |
| Title Insurance Typist | Insurance | 13,919,600 MGA |
| Training Manager | Insurance | 18,001,100 MGA |
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