Average Insurance Sales Director Salary in Denmark for 2024

In this article, we will look at the average Insurance Sales Director salary for 2024 in Denmark 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 Danish krone. To keep things simple, we are using the DKK currency code instead of the currency symbol kr.

How Much Does an Insurance Sales Director Make in Denmark?

An Insurance Sales Director working in Denmark will typically earn around 828,400 DKK per year, and this can range from the lowest average salary of about 420,800 DKK to the highest average salary of 1,273,300 DKK.

Average Annual Salary
828,400 DKK
Average Monthly Salary
69,033 DKK

Lowest Annual Salary
420,800 DKK
Lowest Monthly Salary
35,066 DKK

Highest Annual Salary
1,273,300 DKK
Highest Monthly Salary
106,108 DKK

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

Insurance Sales Director 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 Sales Director Salaries in Denmark

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

Salary ranges

We already know that an Insurance Sales Director can earn between 420,800 DKK and 1,273,300 DKK on average in Denmark. 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 Sales Director in Denmark is 814,100 DKK. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 814,100 DKK, and 50% of the population earn more than 814,100 DKK.

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 Sales Director salary in Denmark, 25% of the population are earning less than 555,800 DKK while 75% of the population earn more than 555,800 DKK.

75% of the population earn less than 1,023,000 DKK, and 25% of the population earn more than 1,023,000 DKK.

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 Sales Director Salary by Experience Level in Denmark

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 sales director 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 Sales Director in Denmark that has less than two years of experience can expect to earn somewhere in the region of 472,100 DKK.
  • 2 - 5 Years Experience. With two to five years of experience the average Insurance Sales Director salary would increase to 619,000 DKK.
  • 5 - 10 Years Experience. From five to ten years of experience as an Insurance Sales Director, the average salary would be 864,700 DKK.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 1,041,900 DKK.
  • 15 - 20 Years Experience. An Insurance Sales Director with 15 to 20 years of experience can earn an average of 1,130,200 DKK.
  • 20+ Years Experience. For an Insurance Sales Director with more than 20 years, the expected average salary increases to 1,224,800 DKK.

Average Salary by Experience Chart

0-2 Years
472,100 DKK
2-5 Years +31%
619,000 DKK
5-10 Years +40%
864,700 DKK
10-15 Years +20%
1,041,900 DKK
15-20 Years +9%
1,130,200 DKK
20+ Years +8%
1,224,800 DKK

Insurance Sales Director Salary by Education Level in Denmark

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 Sales Director in Denmark 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 Sales Director in Denmark with a bachelor's degree education can earn an average salary of 583,000 DKK.

  • Master's Degree. An Insurance Sales Director in Denmark with a master's degree education can earn an average salary of 1,037,600 DKK.

Average Salary by Education Chart

Bachelor's Degree
583,000 DKK
Master's Degree +77%
1,037,600 DKK

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 Denmark is around 203,000 to 610,000 DKK 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 Sales Director 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 Denmark, a male insurance sales director will earn an average of 846,500 DKK, while a female insurance sales director will earn around 810,500 DKK.

This means that a male insurance sales director earns approximately 4% more than a female insurance sales director for performing the same job.

Average Salary by Gender Chart in Denmark

Male
846,500 DKK
Female -4%
810,500 DKK

Insurance Sales Director Average Pay Raise in Denmark

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 Sales Director in Denmark is around 13% every 17 months.

The national average pay raise across all professions and industries in Denmark 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 = ( 13 ÷ 17 ) × 12  = 9%

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

Annual Pay Raise by Industry in Denmark for 2024

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

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 Sales Director Bonus and Incentive Rates in Denmark

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 Sales Director is a high bonus based job, with 82% of employees reporting at least one bonus in the last 12 months.

18% 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 6% to 8%.

Received Bonus
82%
No Bonus
18%

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 Denmark earn approximately 6% more than private sector employees in the same role.

Public Sector
502,200 DKK
Private Sector -6%
472,100 DKK

Salaries for Jobs Similar to an Insurance Sales Director

In the table below, we have salary information for jobs that are similar to an Insurance Sales Director in Denmark.

Job Title Category Salary
Actuarial Analyst Insurance 641,900 DKK
Actuarial Assistant Insurance 478,100 DKK
Actuarial Specialist Insurance 466,300 DKK
Actuary Insurance 675,100 DKK
Adjustment Insurance Clerk Insurance 187,500 DKK
Assistant Broker Insurance 294,300 DKK
Assistant Claims Manager Insurance 510,300 DKK
Associate Insurance Representative Insurance 246,500 DKK
Auditing Insurance Manager Insurance 712,100 DKK
Broker Insurance 500,100 DKK
Claim Advocacy Professional Insurance 498,000 DKK
Claims Adjuster Insurance 189,300 DKK
Claims Analyst Insurance 252,300 DKK
Claims Examiner Insurance 240,500 DKK
Claims Manager Insurance 696,700 DKK
Claims Processor Insurance 176,800 DKK
Claims Representative Insurance 217,900 DKK
Claims Resolution Specialist Insurance 516,100 DKK
Claims Supervisor Insurance 498,500 DKK
Complaints Specialist Insurance 424,900 DKK
Compliance Examiner Insurance 464,400 DKK
Compliance Officer Insurance 390,000 DKK
Compliance Reviewer Insurance 436,200 DKK
Consultant Insurance 487,600 DKK
Eligibility Interviewer Insurance 498,500 DKK
Eligibility Specialist Insurance 483,800 DKK
Insurance Account Manager Insurance 607,400 DKK
Insurance Accounts Executive Insurance 545,300 DKK
Insurance Adjuster Insurance 466,300 DKK
Insurance Agent Insurance 301,800 DKK
Insurance Analyst Insurance 450,300 DKK
Insurance Appraiser Insurance 483,400 DKK
Insurance Claims Clerk Insurance 172,200 DKK
Insurance Examiner Insurance 448,500 DKK
Insurance Investigator Insurance 442,200 DKK
Insurance Manager Insurance 819,000 DKK
Insurance Operations Manager Insurance 791,600 DKK
Insurance Policy Processing Clerk Insurance 185,100 DKK
Insurance Pricing Assistant Insurance 376,800 DKK
Insurance Program Manager Insurance 660,500 DKK
Insurance Project Manager Insurance 619,800 DKK
Insurance Quality Assurance Agent Insurance 425,100 DKK
Insurance Sales Agent Insurance 282,300 DKK
Insurance Sales Manager Insurance 649,700 DKK
Insurance Sales Representative Insurance 263,200 DKK
Insurance Team Leader Insurance 485,200 DKK
Insurance Underwriter Insurance 369,900 DKK
Loss Control Specialist Insurance 483,800 DKK
Loss Prevention Investigator Insurance 500,100 DKK
Loss Prevention Manager Insurance 672,600 DKK
Loss Prevention Specialist Insurance 518,900 DKK
Marine Underwriter Insurance 372,600 DKK
Medical Auditor Insurance 485,300 DKK
Monitoring and Performance Officer Insurance 341,400 DKK
Payment Services Specialist Insurance 483,400 DKK
Policy Change Director Insurance 762,400 DKK
Policy Change Supervisor Insurance 504,300 DKK
Policy Change Technician Insurance 239,000 DKK
Risk Analyst Insurance 563,000 DKK
Risk Management Director Insurance 934,900 DKK
Risk Management Supervisor Insurance 581,300 DKK
Risk Manager Insurance 913,400 DKK
Risk Modeling Manager Insurance 877,300 DKK
Title Insurance Typist Insurance 420,100 DKK
Training Manager Insurance 513,300 DKK

Salary Comparison by City

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

City Average Salary
Copenhagen 879,700 DKK

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 Sales Director Salary in Denmark for 2024". World Salaries. Accessed on March 28, 2024. https://worldsalaries.com/average-insurance-sales-director-salary-in-denmark/.

  • "Average Insurance Sales Director Salary in Denmark for 2024". World Salaries, https://worldsalaries.com/average-insurance-sales-director-salary-in-denmark/. Accessed 28 March, 2024

  • Average Insurance Sales Director Salary in Denmark for 2024. World Salaries. Retrieved from https://worldsalaries.com/average-insurance-sales-director-salary-in-denmark/.