Average Insurance Sales Director Salary in Netherlands for 2024

In this article, we will look at the average Insurance Sales Director salary for 2024 in Netherlands 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 Euro. To keep things simple, we are using the EUR currency code instead of the currency symbol โ‚ฌ.

How Much Does an Insurance Sales Director Make in Netherlands?

An Insurance Sales Director working in Netherlands will typically earn around 93,660 EUR per year, and this can range from the lowest average salary of about 41,820 EUR to the highest average salary of 146,200 EUR.

Average Annual Salary
93,660 EUR
Average Monthly Salary
7,805 EUR

Lowest Annual Salary
41,820 EUR
Lowest Monthly Salary
3,485 EUR

Highest Annual Salary
146,200 EUR
Highest Monthly Salary
12,183 EUR

These are average salaries for an Insurance Sales Director in Netherlands 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 Netherlands

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

Salary ranges

We already know that an Insurance Sales Director can earn between 41,820 EUR and 146,200 EUR on average in Netherlands. 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 Netherlands is 95,980 EUR. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 95,980 EUR, and 50% of the population earn more than 95,980 EUR.

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 Netherlands, 25% of the population are earning less than 61,680 EUR while 75% of the population earn more than 61,680 EUR.

75% of the population earn less than 129,000 EUR, and 25% of the population earn more than 129,000 EUR.

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 Netherlands

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 Netherlands that has less than two years of experience can expect to earn somewhere in the region of 50,020 EUR.
  • 2 - 5 Years Experience. With two to five years of experience the average Insurance Sales Director salary would increase to 69,580 EUR.
  • 5 - 10 Years Experience. From five to ten years of experience as an Insurance Sales Director, the average salary would be 97,840 EUR.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 118,520 EUR.
  • 15 - 20 Years Experience. An Insurance Sales Director with 15 to 20 years of experience can earn an average of 127,700 EUR.
  • 20+ Years Experience. For an Insurance Sales Director with more than 20 years, the expected average salary increases to 139,100 EUR.

Average Salary by Experience Chart

0-2 Years
50,020 EUR
2-5 Years +38%
69,580 EUR
5-10 Years +42%
97,840 EUR
10-15 Years +22%
118,520 EUR
15-20 Years +6%
127,700 EUR
20+ Years +9%
139,100 EUR

Insurance Sales Director Salary by Education Level in Netherlands

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 Netherlands 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 Netherlands with a bachelor's degree education can earn an average salary of 69,580 EUR.

  • Master's Degree. An Insurance Sales Director in Netherlands with a master's degree education can earn an average salary of 127,700 EUR.

Average Salary by Education Chart

Bachelor's Degree
69,580 EUR
Master's Degree +83%
127,700 EUR

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 Netherlands is around 24,400 to 73,300 EUR 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 Netherlands, a male insurance sales director will earn an average of 93,220 EUR, while a female insurance sales director will earn around 89,120 EUR.

This means that a male insurance sales director earns approximately 5% more than a female insurance sales director for performing the same job.

Average Salary by Gender Chart in Netherlands

Male
93,220 EUR
Female -5%
89,120 EUR

Insurance Sales Director Average Pay Raise in Netherlands

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 Netherlands is around 13% every 16 months.

The national average pay raise across all professions and industries in Netherlands 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 ÷ 16 ) × 12  = 10%

What this means is that an Insurance Sales Director in Netherlands can expect to receive an average pay raise of around 10% every 12 months.

Annual Pay Raise by Industry in Netherlands for 2024

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

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

Banking
8%
Energy
7%
Information Technology
6%
Healthcare
5%
Travel
4%
Construction
3%
Education
2%

Insurance Sales Director Bonus and Incentive Rates in Netherlands

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 86% of employees reporting at least one bonus in the last 12 months.

14% 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 5% to 9%.

Received Bonus
86%
No Bonus
14%

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 Netherlands earn approximately 4% more than private sector employees in the same role.

Public Sector
58,720 EUR
Private Sector -4%
56,640 EUR

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 Netherlands.

Job Title Category Salary
Actuarial Analyst Insurance 79,240 EUR
Actuarial Assistant Insurance 54,460 EUR
Actuarial Specialist Insurance 56,460 EUR
Actuary Insurance 80,180 EUR
Adjustment Insurance Clerk Insurance 23,400 EUR
Assistant Broker Insurance 36,700 EUR
Assistant Claims Manager Insurance 60,600 EUR
Associate Insurance Representative Insurance 30,700 EUR
Auditing Insurance Manager Insurance 88,580 EUR
Broker Insurance 57,900 EUR
Claim Advocacy Professional Insurance 57,320 EUR
Claims Adjuster Insurance 22,420 EUR
Claims Analyst Insurance 32,960 EUR
Claims Examiner Insurance 31,400 EUR
Claims Manager Insurance 83,060 EUR
Claims Processor Insurance 22,540 EUR
Claims Representative Insurance 25,660 EUR
Claims Resolution Specialist Insurance 65,940 EUR
Claims Supervisor Insurance 61,400 EUR
Complaints Specialist Insurance 54,700 EUR
Compliance Examiner Insurance 52,380 EUR
Compliance Officer Insurance 48,920 EUR
Compliance Reviewer Insurance 55,940 EUR
Consultant Insurance 55,020 EUR
Eligibility Interviewer Insurance 60,340 EUR
Eligibility Specialist Insurance 57,360 EUR
Insurance Account Manager Insurance 70,880 EUR
Insurance Accounts Executive Insurance 60,920 EUR
Insurance Adjuster Insurance 53,600 EUR
Insurance Agent Insurance 34,380 EUR
Insurance Analyst Insurance 57,820 EUR
Insurance Appraiser Insurance 60,480 EUR
Insurance Claims Clerk Insurance 23,520 EUR
Insurance Examiner Insurance 54,180 EUR
Insurance Investigator Insurance 52,380 EUR
Insurance Manager Insurance 98,820 EUR
Insurance Operations Manager Insurance 97,300 EUR
Insurance Policy Processing Clerk Insurance 24,840 EUR
Insurance Pricing Assistant Insurance 49,700 EUR
Insurance Program Manager Insurance 75,500 EUR
Insurance Project Manager Insurance 69,180 EUR
Insurance Quality Assurance Agent Insurance 53,600 EUR
Insurance Sales Agent Insurance 34,480 EUR
Insurance Sales Manager Insurance 72,380 EUR
Insurance Sales Representative Insurance 31,960 EUR
Insurance Team Leader Insurance 63,320 EUR
Insurance Underwriter Insurance 44,800 EUR
Loss Control Specialist Insurance 58,280 EUR
Loss Prevention Investigator Insurance 60,020 EUR
Loss Prevention Manager Insurance 80,480 EUR
Loss Prevention Specialist Insurance 63,700 EUR
Marine Underwriter Insurance 44,780 EUR
Medical Auditor Insurance 58,240 EUR
Monitoring and Performance Officer Insurance 38,620 EUR
Payment Services Specialist Insurance 60,480 EUR
Policy Change Director Insurance 91,320 EUR
Policy Change Supervisor Insurance 66,940 EUR
Policy Change Technician Insurance 30,840 EUR
Risk Analyst Insurance 66,820 EUR
Risk Management Director Insurance 106,160 EUR
Risk Management Supervisor Insurance 74,540 EUR
Risk Manager Insurance 101,860 EUR
Risk Modeling Manager Insurance 107,580 EUR
Title Insurance Typist Insurance 47,400 EUR
Training Manager Insurance 64,720 EUR

Salary Comparison by City

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

City Average Salary
Almere 97,760 EUR
Amsterdam 103,200 EUR
Breda 84,580 EUR
Eindhoven 99,340 EUR
Groningen 89,960 EUR
Nijmegen 90,980 EUR
Rotterdam 104,140 EUR
s-Gravenhage 100,580 EUR
Tilburg 92,720 EUR
Utrecht 96,340 EUR

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