Average Insurance Examiner Salary in Albania for 2024

In this article, we will look at the average Insurance Examiner salary for 2024 in Albania 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 Albanian lek. To keep things simple, we are using the ALL currency code instead of the currency symbol L.

How Much Does an Insurance Examiner Make in Albania?

An Insurance Examiner working in Albania will typically earn around 1,112,300 ALL per year, and this can range from the lowest average salary of about 578,500 ALL to the highest average salary of 1,703,200 ALL.

Average Annual Salary
1,112,300 ALL
Average Monthly Salary
92,691 ALL

Lowest Annual Salary
578,500 ALL
Lowest Monthly Salary
48,208 ALL

Highest Annual Salary
1,703,200 ALL
Highest Monthly Salary
141,933 ALL

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

Insurance Examiner 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 Examiner Salaries in Albania

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

Salary ranges

We already know that an Insurance Examiner can earn between 578,500 ALL and 1,703,200 ALL on average in Albania. 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 Examiner in Albania is 1,067,500 ALL. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 1,067,500 ALL, and 50% of the population earn more than 1,067,500 ALL.

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 Examiner salary in Albania, 25% of the population are earning less than 743,300 ALL while 75% of the population earn more than 743,300 ALL.

75% of the population earn less than 1,333,900 ALL, and 25% of the population earn more than 1,333,900 ALL.

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 Examiner Salary by Experience Level in Albania

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 examiner 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 Examiner in Albania that has less than two years of experience can expect to earn somewhere in the region of 659,400 ALL.
  • 2 - 5 Years Experience. With two to five years of experience the average Insurance Examiner salary would increase to 883,500 ALL.
  • 5 - 10 Years Experience. From five to ten years of experience as an Insurance Examiner, the average salary would be 1,147,500 ALL.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 1,391,600 ALL.
  • 15 - 20 Years Experience. An Insurance Examiner with 15 to 20 years of experience can earn an average of 1,510,400 ALL.
  • 20+ Years Experience. For an Insurance Examiner with more than 20 years, the expected average salary increases to 1,594,500 ALL.

Average Salary by Experience Chart

0-2 Years
659,400 ALL
2-5 Years +34%
883,500 ALL
5-10 Years +30%
1,147,500 ALL
10-15 Years +21%
1,391,600 ALL
15-20 Years +9%
1,510,400 ALL
20+ Years +5%
1,594,500 ALL

Insurance Examiner Salary by Education Level in Albania

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 Examiner in Albania 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 Examiner in Albania with a certificate or diploma education can earn an average salary of 825,900 ALL.

  • Bachelor's Degree. An Insurance Examiner in Albania with a bachelor's degree education can earn an average salary of 1,487,200 ALL.

Average Salary by Education Chart

Certificate or Diploma
825,900 ALL
Bachelor's Degree +80%
1,487,200 ALL

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 Albania is around 480,000 to 1,440,000 ALL 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 Examiner 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 Albania, a male insurance examiner will earn an average of 1,159,000 ALL, while a female insurance examiner will earn around 1,080,400 ALL.

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

Average Salary by Gender Chart in Albania

Male
1,159,000 ALL
Female -7%
1,080,400 ALL

Insurance Examiner Average Pay Raise in Albania

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 Examiner in Albania is around 7% every 29 months.

The national average pay raise across all professions and industries in Albania is around 4% every 29 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 = ( 7 ÷ 29 ) × 12  = 3%

What this means is that an Insurance Examiner in Albania can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Albania for 2024

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

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 Examiner Bonus and Incentive Rates in Albania

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 Examiner is a low bonus based job, with 10% of employees reporting at least one bonus in the last 12 months.

90% 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 1% to 3%.

Received Bonus
10%
No Bonus
90%

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 Albania earn approximately 14% more than private sector employees in the same role.

Public Sector
1,249,900 ALL
Private Sector -14%
1,097,500 ALL

Salaries for Jobs Similar to an Insurance Examiner

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

Job Title Category Salary
Actuarial Analyst Insurance 1,668,900 ALL
Actuarial Assistant Insurance 1,180,700 ALL
Actuarial Specialist Insurance 1,198,300 ALL
Actuary Insurance 1,645,600 ALL
Adjustment Insurance Clerk Insurance 464,400 ALL
Assistant Broker Insurance 790,600 ALL
Assistant Claims Manager Insurance 1,306,100 ALL
Associate Insurance Representative Insurance 605,700 ALL
Auditing Insurance Manager Insurance 1,858,200 ALL
Broker Insurance 1,191,100 ALL
Claim Advocacy Professional Insurance 1,249,900 ALL
Claims Adjuster Insurance 466,900 ALL
Claims Analyst Insurance 653,200 ALL
Claims Examiner Insurance 658,300 ALL
Claims Manager Insurance 1,788,300 ALL
Claims Processor Insurance 472,100 ALL
Claims Representative Insurance 545,300 ALL
Claims Resolution Specialist Insurance 1,345,400 ALL
Claims Supervisor Insurance 1,141,600 ALL
Complaints Specialist Insurance 1,077,700 ALL
Compliance Examiner Insurance 1,175,700 ALL
Compliance Officer Insurance 964,000 ALL
Compliance Reviewer Insurance 1,160,900 ALL
Consultant Insurance 1,235,600 ALL
Eligibility Interviewer Insurance 1,283,600 ALL
Eligibility Specialist Insurance 1,159,900 ALL
Insurance Account Manager Insurance 1,428,800 ALL
Insurance Accounts Executive Insurance 1,283,600 ALL
Insurance Adjuster Insurance 1,165,400 ALL
Insurance Agent Insurance 695,400 ALL
Insurance Analyst Insurance 1,133,900 ALL
Insurance Appraiser Insurance 1,212,800 ALL
Insurance Claims Clerk Insurance 451,000 ALL
Insurance Investigator Insurance 1,147,500 ALL
Insurance Manager Insurance 2,052,200 ALL
Insurance Operations Manager Insurance 2,026,800 ALL
Insurance Policy Processing Clerk Insurance 454,300 ALL
Insurance Pricing Assistant Insurance 923,000 ALL
Insurance Program Manager Insurance 1,632,100 ALL
Insurance Project Manager Insurance 1,570,900 ALL
Insurance Quality Assurance Agent Insurance 1,089,400 ALL
Insurance Sales Agent Insurance 727,100 ALL
Insurance Sales Director Insurance 2,052,200 ALL
Insurance Sales Manager Insurance 1,560,800 ALL
Insurance Sales Representative Insurance 639,900 ALL
Insurance Team Leader Insurance 1,224,800 ALL
Insurance Underwriter Insurance 918,600 ALL
Loss Control Specialist Insurance 1,224,800 ALL
Loss Prevention Investigator Insurance 1,320,500 ALL
Loss Prevention Manager Insurance 1,678,300 ALL
Loss Prevention Specialist Insurance 1,224,800 ALL
Marine Underwriter Insurance 854,300 ALL
Medical Auditor Insurance 1,212,800 ALL
Monitoring and Performance Officer Insurance 874,900 ALL
Payment Services Specialist Insurance 1,273,300 ALL
Policy Change Director Insurance 1,811,000 ALL
Policy Change Supervisor Insurance 1,259,300 ALL
Policy Change Technician Insurance 563,300 ALL
Risk Analyst Insurance 1,306,100 ALL
Risk Management Director Insurance 2,281,800 ALL
Risk Management Supervisor Insurance 1,476,700 ALL
Risk Manager Insurance 2,207,600 ALL
Risk Modeling Manager Insurance 2,221,600 ALL
Title Insurance Typist Insurance 1,015,500 ALL
Training Manager Insurance 1,380,400 ALL

Salary Comparison by City

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

City Average Salary
Berat 1,027,600 ALL
Durres 1,212,800 ALL
Elbasan 1,113,100 ALL
Fier 1,130,800 ALL
Gjirokaster 1,009,200 ALL
Korca 1,109,600 ALL
Lezhe 1,023,000 ALL
Sarande 991,000 ALL
Shkodra 1,155,400 ALL
Tirana 1,235,600 ALL
Vlore 1,142,900 ALL

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