Average Insurance Agent Salary in Tunisia for 2024

In this article, we will look at the average Insurance Agent salary for 2024 in Tunisia 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 Tunisian dinar. To keep things simple, we are using the TND currency code instead of the currency symbol د.ت.

How Much Does an Insurance Agent Make in Tunisia?

An Insurance Agent working in Tunisia will typically earn around 26,660 TND per year, and this can range from the lowest average salary of about 11,880 TND to the highest average salary of 43,360 TND.

Average Annual Salary
26,660 TND
Average Monthly Salary
2,221 TND

Lowest Annual Salary
11,880 TND
Lowest Monthly Salary
990 TND

Highest Annual Salary
43,360 TND
Highest Monthly Salary
3,613 TND

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

Insurance Agent 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 Agent Salaries in Tunisia

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

Salary ranges

We already know that an Insurance Agent can earn between 11,880 TND and 43,360 TND on average in Tunisia. 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 Agent in Tunisia is 26,660 TND. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 26,660 TND, and 50% of the population earn more than 26,660 TND.

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 Agent salary in Tunisia, 25% of the population are earning less than 16,980 TND while 75% of the population earn more than 16,980 TND.

75% of the population earn less than 35,520 TND, and 25% of the population earn more than 35,520 TND.

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 Agent Salary by Experience Level in Tunisia

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 agent 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 Agent in Tunisia that has less than two years of experience can expect to earn somewhere in the region of 17,540 TND.
  • 2 - 5 Years Experience. With two to five years of experience the average Insurance Agent salary would increase to 23,520 TND.
  • 5 - 10 Years Experience. From five to ten years of experience as an Insurance Agent, the average salary would be 30,840 TND.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 33,980 TND.
  • 15 - 20 Years Experience. An Insurance Agent with 15 to 20 years of experience can earn an average of 37,740 TND.
  • 20+ Years Experience. For an Insurance Agent with more than 20 years, the expected average salary increases to 41,980 TND.

Average Salary by Experience Chart

0-2 Years
17,540 TND
2-5 Years +32%
23,520 TND
5-10 Years +34%
30,840 TND
10-15 Years +19%
33,980 TND
15-20 Years +8%
37,740 TND
20+ Years +7%
41,980 TND

Insurance Agent Salary by Education Level in Tunisia

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 Agent in Tunisia 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. An Insurance Agent in Tunisia with a certificate or diploma education can earn an average salary of 23,260 TND.

  • Bachelor's Degree. An Insurance Agent in Tunisia with a bachelor's degree education can earn an average salary of 36,700 TND.

Average Salary by Education Chart

Certificate or Diploma
23,260 TND
Bachelor's Degree +56%
36,700 TND

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 Tunisia is around 19,600 to 58,700 TND 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 Agent 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 Tunisia, a male insurance agent will earn an average of 26,280 TND, while a female insurance agent will earn around 27,300 TND.

This means that a male insurance agent earns approximately 4% less than a female insurance agent for performing the same job.

Average Salary by Gender Chart in Tunisia

Male
26,280 TND
Female +4%
27,300 TND

Insurance Agent Average Pay Raise in Tunisia

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 Agent in Tunisia is around 10% every 19 months.

The national average pay raise across all professions and industries in Tunisia is around 8% every 19 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 = ( 10 ÷ 19 ) × 12  = 6%

What this means is that an Insurance Agent in Tunisia can expect to receive an average pay raise of around 6% every 12 months.

Annual Pay Raise by Industry in Tunisia for 2024

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

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

Banking
4%
Energy
8%
Information Technology
3%
Healthcare
7%
Travel
2%
Construction
6%
Education
1%

Insurance Agent Bonus and Incentive Rates in Tunisia

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 Agent is a low bonus based job, with 25% of employees reporting at least one bonus in the last 12 months.

75% 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 3%.

Received Bonus
25%
No Bonus
75%

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 Tunisia earn approximately 10% more than private sector employees in the same role.

Public Sector
50,240 TND
Private Sector -10%
45,560 TND

Salaries for Jobs Similar to an Insurance Agent

In the table below, we have salary information for jobs that are similar to an Insurance Agent in Tunisia.

Job Title Category Salary
Actuarial Analyst Insurance 61,580 TND
Actuarial Assistant Insurance 46,720 TND
Actuarial Specialist Insurance 46,980 TND
Actuary Insurance 62,060 TND
Adjustment Insurance Clerk Insurance 17,560 TND
Assistant Broker Insurance 30,840 TND
Assistant Claims Manager Insurance 50,340 TND
Associate Insurance Representative Insurance 24,720 TND
Auditing Insurance Manager Insurance 69,540 TND
Broker Insurance 45,000 TND
Claim Advocacy Professional Insurance 45,260 TND
Claims Adjuster Insurance 18,780 TND
Claims Analyst Insurance 25,940 TND
Claims Examiner Insurance 24,720 TND
Claims Manager Insurance 65,940 TND
Claims Processor Insurance 15,920 TND
Claims Representative Insurance 21,020 TND
Claims Resolution Specialist Insurance 53,120 TND
Claims Supervisor Insurance 45,720 TND
Complaints Specialist Insurance 43,520 TND
Compliance Examiner Insurance 46,720 TND
Compliance Officer Insurance 40,560 TND
Compliance Reviewer Insurance 44,780 TND
Consultant Insurance 45,720 TND
Eligibility Interviewer Insurance 53,660 TND
Eligibility Specialist Insurance 50,580 TND
Insurance Account Manager Insurance 61,400 TND
Insurance Accounts Executive Insurance 53,120 TND
Insurance Adjuster Insurance 47,120 TND
Insurance Analyst Insurance 48,640 TND
Insurance Appraiser Insurance 50,240 TND
Insurance Claims Clerk Insurance 17,560 TND
Insurance Examiner Insurance 41,480 TND
Insurance Investigator Insurance 46,720 TND
Insurance Manager Insurance 80,280 TND
Insurance Operations Manager Insurance 80,480 TND
Insurance Policy Processing Clerk Insurance 19,640 TND
Insurance Pricing Assistant Insurance 36,720 TND
Insurance Program Manager Insurance 64,560 TND
Insurance Project Manager Insurance 58,800 TND
Insurance Quality Assurance Agent Insurance 38,620 TND
Insurance Sales Agent Insurance 31,540 TND
Insurance Sales Director Insurance 78,160 TND
Insurance Sales Manager Insurance 66,820 TND
Insurance Sales Representative Insurance 22,400 TND
Insurance Team Leader Insurance 52,180 TND
Insurance Underwriter Insurance 35,520 TND
Loss Control Specialist Insurance 45,580 TND
Loss Prevention Investigator Insurance 50,560 TND
Loss Prevention Manager Insurance 66,680 TND
Loss Prevention Specialist Insurance 50,240 TND
Marine Underwriter Insurance 35,340 TND
Medical Auditor Insurance 46,880 TND
Monitoring and Performance Officer Insurance 31,520 TND
Payment Services Specialist Insurance 50,240 TND
Policy Change Director Insurance 70,880 TND
Policy Change Supervisor Insurance 50,340 TND
Policy Change Technician Insurance 22,660 TND
Risk Analyst Insurance 54,280 TND
Risk Management Director Insurance 88,020 TND
Risk Management Supervisor Insurance 60,480 TND
Risk Manager Insurance 87,760 TND
Risk Modeling Manager Insurance 90,660 TND
Title Insurance Typist Insurance 40,040 TND
Training Manager Insurance 52,460 TND

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