Average Insurance Pricing Assistant Salary in Congo for 2024

In this article, we will look at the average Insurance Pricing Assistant salary for 2024 in Congo 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 Central African CFA franc. To keep things simple, we are using the XAF currency code instead of the currency symbol Fr.

How Much Does an Insurance Pricing Assistant Make in Congo?

An Insurance Pricing Assistant working in Congo will typically earn around 7,246,500 XAF per year, and this can range from the lowest average salary of about 3,840,400 XAF to the highest average salary of 11,014,300 XAF.

Average Annual Salary
7,246,500 XAF
Average Monthly Salary
603,875 XAF

Lowest Annual Salary
3,840,400 XAF
Lowest Monthly Salary
320,033 XAF

Highest Annual Salary
11,014,300 XAF
Highest Monthly Salary
917,858 XAF

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

Insurance Pricing Assistant 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 Pricing Assistant Salaries in Congo

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

Salary ranges

We already know that an Insurance Pricing Assistant can earn between 3,840,400 XAF and 11,014,300 XAF on average in Congo. 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 Pricing Assistant in Congo is 6,815,700 XAF. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 6,815,700 XAF, and 50% of the population earn more than 6,815,700 XAF.

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 Pricing Assistant salary in Congo, 25% of the population are earning less than 4,799,700 XAF while 75% of the population earn more than 4,799,700 XAF.

75% of the population earn less than 8,377,500 XAF, and 25% of the population earn more than 8,377,500 XAF.

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 Pricing Assistant Salary by Experience Level in Congo

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 pricing assistant 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 Pricing Assistant in Congo that has less than two years of experience can expect to earn somewhere in the region of 4,414,800 XAF.
  • 2 - 5 Years Experience. With two to five years of experience the average Insurance Pricing Assistant salary would increase to 5,423,100 XAF.
  • 5 - 10 Years Experience. From five to ten years of experience as an Insurance Pricing Assistant, the average salary would be 7,680,400 XAF.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 8,975,900 XAF.
  • 15 - 20 Years Experience. An Insurance Pricing Assistant with 15 to 20 years of experience can earn an average of 9,863,700 XAF.
  • 20+ Years Experience. For an Insurance Pricing Assistant with more than 20 years, the expected average salary increases to 10,440,100 XAF.

Average Salary by Experience Chart

0-2 Years
4,414,800 XAF
2-5 Years +23%
5,423,100 XAF
5-10 Years +42%
7,680,400 XAF
10-15 Years +17%
8,975,900 XAF
15-20 Years +10%
9,863,700 XAF
20+ Years +6%
10,440,100 XAF

Insurance Pricing Assistant Salary by Education Level in Congo

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.

The data we have below is combined across all professions. To view the most accurate data possible, you can select a specific job from the list below.

Employees that have earned a certificate or diploma from a post-secondary program can expect to earn approximately 17% more than those who only completed high school level.

If you have a bachelor's degree, you can expect to earn approximately 25% more than those who only completed to a certificate or diploma level.

For professionals reaching the master's degree level, your salary would be around 30% higher than those with a bachelor's degree.

If you are able to achieve a PhD, you can expect to earn approximately 22% more than those with a master's degree for the same job role.

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 Congo is around 3,730,000 to 11,200,000 XAF 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 Pricing Assistant 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 Congo, a male insurance pricing assistant will earn an average of 7,655,900 XAF, while a female insurance pricing assistant will earn around 6,587,900 XAF.

This means that a male insurance pricing assistant earns approximately 16% more than a female insurance pricing assistant for performing the same job.

Average Salary by Gender Chart in Congo

Male
7,655,900 XAF
Female -16%
6,587,900 XAF

Insurance Pricing Assistant Average Pay Raise in Congo

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 Pricing Assistant in Congo is around 6% every 29 months.

The national average pay raise across all professions and industries in Congo 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 = ( 6 ÷ 29 ) × 12  = 2%

What this means is that an Insurance Pricing Assistant in Congo can expect to receive an average pay raise of around 2% every 12 months.

Annual Pay Raise by Industry in Congo for 2024

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

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 Pricing Assistant Bonus and Incentive Rates in Congo

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 Pricing Assistant is a low bonus based job, with 9% of employees reporting at least one bonus in the last 12 months.

91% 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
9%
No Bonus
91%

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 Congo earn approximately 21% more than private sector employees in the same role.

Public Sector
9,841,900 XAF
Private Sector -21%
8,134,400 XAF

Salaries for Jobs Similar to an Insurance Pricing Assistant

In the table below, we have salary information for jobs that are similar to an Insurance Pricing Assistant in Congo.

Job Title Category Salary
Actuarial Analyst Insurance 12,481,200 XAF
Actuarial Assistant Insurance 8,329,200 XAF
Actuarial Specialist Insurance 8,856,100 XAF
Actuary Insurance 12,481,200 XAF
Adjustment Insurance Clerk Insurance 3,299,800 XAF
Assistant Broker Insurance 5,686,100 XAF
Assistant Claims Manager Insurance 9,985,800 XAF
Associate Insurance Representative Insurance 4,870,300 XAF
Auditing Insurance Manager Insurance 13,798,900 XAF
Broker Insurance 9,346,600 XAF
Claim Advocacy Professional Insurance 9,073,200 XAF
Claims Adjuster Insurance 3,288,400 XAF
Claims Analyst Insurance 4,834,900 XAF
Claims Examiner Insurance 4,594,300 XAF
Claims Manager Insurance 13,079,500 XAF
Claims Processor Insurance 3,277,900 XAF
Claims Representative Insurance 4,116,600 XAF
Claims Resolution Specialist Insurance 9,250,100 XAF
Claims Supervisor Insurance 9,166,100 XAF
Complaints Specialist Insurance 8,159,800 XAF
Compliance Examiner Insurance 8,206,100 XAF
Compliance Officer Insurance 7,115,800 XAF
Compliance Reviewer Insurance 8,508,800 XAF
Consultant Insurance 8,638,900 XAF
Eligibility Interviewer Insurance 9,886,200 XAF
Eligibility Specialist Insurance 8,833,600 XAF
Insurance Account Manager Insurance 10,956,400 XAF
Insurance Accounts Executive Insurance 10,018,700 XAF
Insurance Adjuster Insurance 8,075,200 XAF
Insurance Agent Insurance 5,305,100 XAF
Insurance Analyst Insurance 9,036,900 XAF
Insurance Appraiser Insurance 8,545,000 XAF
Insurance Claims Clerk Insurance 3,323,300 XAF
Insurance Examiner Insurance 8,614,300 XAF
Insurance Investigator Insurance 8,411,800 XAF
Insurance Manager Insurance 15,238,200 XAF
Insurance Operations Manager Insurance 14,880,300 XAF
Insurance Policy Processing Clerk Insurance 3,481,100 XAF
Insurance Program Manager Insurance 11,794,200 XAF
Insurance Project Manager Insurance 11,014,300 XAF
Insurance Quality Assurance Agent Insurance 7,993,600 XAF
Insurance Sales Agent Insurance 5,305,100 XAF
Insurance Sales Director Insurance 14,519,400 XAF
Insurance Sales Manager Insurance 11,891,900 XAF
Insurance Sales Representative Insurance 4,870,300 XAF
Insurance Team Leader Insurance 9,538,800 XAF
Insurance Underwriter Insurance 6,721,800 XAF
Loss Control Specialist Insurance 8,242,900 XAF
Loss Prevention Investigator Insurance 9,335,200 XAF
Loss Prevention Manager Insurance 12,361,500 XAF
Loss Prevention Specialist Insurance 9,538,800 XAF
Marine Underwriter Insurance 6,875,100 XAF
Medical Auditor Insurance 8,962,200 XAF
Monitoring and Performance Officer Insurance 6,168,300 XAF
Payment Services Specialist Insurance 9,001,900 XAF
Policy Change Director Insurance 13,679,300 XAF
Policy Change Supervisor Insurance 9,935,600 XAF
Policy Change Technician Insurance 4,235,500 XAF
Risk Analyst Insurance 9,744,400 XAF
Risk Management Director Insurance 17,758,500 XAF
Risk Management Supervisor Insurance 10,894,900 XAF
Risk Manager Insurance 17,039,100 XAF
Risk Modeling Manager Insurance 16,198,300 XAF
Title Insurance Typist Insurance 7,834,900 XAF
Training Manager Insurance 9,925,000 XAF

Salary Comparison by City

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

City Average Salary
Brazzaville 7,823,800 XAF

Link To or Reference This Page

We spend a lot of time collecting, cleaning, merging, and formatting the data that is shown on the site to be as useful to you as possible.

If you found the data or information on this page useful in your research, please use the tool below to properly cite or reference World Salaries as the source. We appreciate your support!

  • "Average Insurance Pricing Assistant Salary in Congo for 2024". World Salaries. Accessed on March 29, 2024. https://worldsalaries.com/average-insurance-pricing-assistant-salary-in-congo/.

  • "Average Insurance Pricing Assistant Salary in Congo for 2024". World Salaries, https://worldsalaries.com/average-insurance-pricing-assistant-salary-in-congo/. Accessed 29 March, 2024

  • Average Insurance Pricing Assistant Salary in Congo for 2024. World Salaries. Retrieved from https://worldsalaries.com/average-insurance-pricing-assistant-salary-in-congo/.