Average Insurance Appraiser Salary in Switzerland for 2024

In this article, we will look at the average Insurance Appraiser salary for 2024 in Switzerland 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 Swiss franc. To keep things simple, we are using the CHF currency code instead of the currency symbol Fr..

How Much Does an Insurance Appraiser Make in Switzerland?

An Insurance Appraiser working in Switzerland will typically earn around 134,700 CHF per year, and this can range from the lowest average salary of about 65,800 CHF to the highest average salary of 209,700 CHF.

Average Annual Salary
134,700 CHF
Average Monthly Salary
11,225 CHF

Lowest Annual Salary
65,800 CHF
Lowest Monthly Salary
5,483 CHF

Highest Annual Salary
209,700 CHF
Highest Monthly Salary
17,475 CHF

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

Insurance Appraiser 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 Appraiser Salaries in Switzerland

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

Salary ranges

We already know that an Insurance Appraiser can earn between 65,800 CHF and 209,700 CHF on average in Switzerland. 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 Appraiser in Switzerland is 138,700 CHF. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 138,700 CHF, and 50% of the population earn more than 138,700 CHF.

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 Appraiser salary in Switzerland, 25% of the population are earning less than 92,100 CHF while 75% of the population earn more than 92,100 CHF.

75% of the population earn less than 175,100 CHF, and 25% of the population earn more than 175,100 CHF.

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 Appraiser Salary by Experience Level in Switzerland

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 appraiser 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 Appraiser in Switzerland that has less than two years of experience can expect to earn somewhere in the region of 79,700 CHF.
  • 2 - 5 Years Experience. With two to five years of experience the average Insurance Appraiser salary would increase to 100,700 CHF.
  • 5 - 10 Years Experience. From five to ten years of experience as an Insurance Appraiser, the average salary would be 140,700 CHF.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 172,300 CHF.
  • 15 - 20 Years Experience. An Insurance Appraiser with 15 to 20 years of experience can earn an average of 183,600 CHF.
  • 20+ Years Experience. For an Insurance Appraiser with more than 20 years, the expected average salary increases to 195,500 CHF.

Average Salary by Experience Chart

0-2 Years
79,700 CHF
2-5 Years +29%
100,700 CHF
5-10 Years +38%
140,700 CHF
10-15 Years +24%
172,300 CHF
15-20 Years +7%
183,600 CHF
20+ Years +7%
195,500 CHF

Insurance Appraiser Salary by Education Level in Switzerland

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 Appraiser in Switzerland 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 Appraiser in Switzerland with a certificate or diploma education can earn an average salary of 111,700 CHF.

  • Bachelor's Degree. An Insurance Appraiser in Switzerland with a bachelor's degree education can earn an average salary of 169,700 CHF.

Average Salary by Education Chart

Certificate or Diploma
111,700 CHF
Bachelor's Degree +53%
169,700 CHF

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 Switzerland is around 51,600 to 155,000 CHF 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 Appraiser 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 Switzerland, a male insurance appraiser will earn an average of 139,100 CHF, while a female insurance appraiser will earn around 130,400 CHF.

This means that a male insurance appraiser earns approximately 7% more than a female insurance appraiser for performing the same job.

Average Salary by Gender Chart in Switzerland

Male
139,100 CHF
Female -7%
130,400 CHF

Insurance Appraiser Average Pay Raise in Switzerland

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 Appraiser in Switzerland is around 12% every 16 months.

The national average pay raise across all professions and industries in Switzerland is around 9% every 15 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 ÷ 16 ) × 12  = 9%

What this means is that an Insurance Appraiser in Switzerland can expect to receive an average pay raise of around 9% every 12 months.

Annual Pay Raise by Industry in Switzerland for 2024

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

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 Appraiser Bonus and Incentive Rates in Switzerland

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 Appraiser is a low bonus based job, with 33% of employees reporting at least one bonus in the last 12 months.

67% 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 4%.

Received Bonus
33%
No Bonus
67%

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

Public Sector
127,700 CHF
Private Sector -5%
121,800 CHF

Salaries for Jobs Similar to an Insurance Appraiser

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

Job Title Category Salary
Actuarial Analyst Insurance 165,900 CHF
Actuarial Assistant Insurance 117,100 CHF
Actuarial Specialist Insurance 121,800 CHF
Actuary Insurance 172,100 CHF
Adjustment Insurance Clerk Insurance 43,800 CHF
Assistant Broker Insurance 82,200 CHF
Assistant Claims Manager Insurance 142,100 CHF
Associate Insurance Representative Insurance 67,400 CHF
Auditing Insurance Manager Insurance 183,600 CHF
Broker Insurance 124,500 CHF
Claim Advocacy Professional Insurance 125,400 CHF
Claims Adjuster Insurance 45,900 CHF
Claims Analyst Insurance 67,600 CHF
Claims Examiner Insurance 67,400 CHF
Claims Manager Insurance 183,900 CHF
Claims Processor Insurance 50,000 CHF
Claims Representative Insurance 55,100 CHF
Claims Resolution Specialist Insurance 134,700 CHF
Claims Supervisor Insurance 130,500 CHF
Complaints Specialist Insurance 121,800 CHF
Compliance Examiner Insurance 125,400 CHF
Compliance Officer Insurance 103,600 CHF
Compliance Reviewer Insurance 125,400 CHF
Consultant Insurance 130,500 CHF
Eligibility Interviewer Insurance 137,100 CHF
Eligibility Specialist Insurance 132,000 CHF
Insurance Account Manager Insurance 153,700 CHF
Insurance Accounts Executive Insurance 134,700 CHF
Insurance Adjuster Insurance 123,800 CHF
Insurance Agent Insurance 75,100 CHF
Insurance Analyst Insurance 130,500 CHF
Insurance Claims Clerk Insurance 43,800 CHF
Insurance Examiner Insurance 114,900 CHF
Insurance Investigator Insurance 117,100 CHF
Insurance Manager Insurance 218,700 CHF
Insurance Operations Manager Insurance 222,700 CHF
Insurance Policy Processing Clerk Insurance 47,800 CHF
Insurance Pricing Assistant Insurance 101,100 CHF
Insurance Program Manager Insurance 165,900 CHF
Insurance Project Manager Insurance 165,900 CHF
Insurance Quality Assurance Agent Insurance 111,700 CHF
Insurance Sales Agent Insurance 74,700 CHF
Insurance Sales Director Insurance 205,400 CHF
Insurance Sales Manager Insurance 176,300 CHF
Insurance Sales Representative Insurance 67,900 CHF
Insurance Team Leader Insurance 141,000 CHF
Insurance Underwriter Insurance 92,100 CHF
Loss Control Specialist Insurance 130,500 CHF
Loss Prevention Investigator Insurance 141,000 CHF
Loss Prevention Manager Insurance 177,200 CHF
Loss Prevention Specialist Insurance 130,400 CHF
Marine Underwriter Insurance 97,400 CHF
Medical Auditor Insurance 130,500 CHF
Monitoring and Performance Officer Insurance 92,400 CHF
Payment Services Specialist Insurance 134,700 CHF
Policy Change Director Insurance 192,600 CHF
Policy Change Supervisor Insurance 134,100 CHF
Policy Change Technician Insurance 60,700 CHF
Risk Analyst Insurance 142,300 CHF
Risk Management Director Insurance 250,600 CHF
Risk Management Supervisor Insurance 164,100 CHF
Risk Manager Insurance 245,600 CHF
Risk Modeling Manager Insurance 245,400 CHF
Title Insurance Typist Insurance 114,600 CHF
Training Manager Insurance 140,200 CHF

Salary Comparison by City

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

City Average Salary
Basel 137,100 CHF
Bern 138,700 CHF
Biel 124,500 CHF
Geneve 146,700 CHF
Lausanne 132,000 CHF
Lugano 119,700 CHF
Luzern 130,500 CHF
St. Gallen 123,000 CHF
Winterthur 134,100 CHF
Zurich 142,100 CHF

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