Average Insurance Sales Manager Salary in United Arab Emirates for 2024

In this article, we will look at the average Insurance Sales Manager salary for 2024 in United Arab Emirates 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 United Arab Emirates dirham. To keep things simple, we are using the AED currency code instead of the currency symbol د.إ.

How Much Does an Insurance Sales Manager Make in United Arab Emirates?

An Insurance Sales Manager working in United Arab Emirates will typically earn around 312,400 AED per year, and this can range from the lowest average salary of about 143,200 AED to the highest average salary of 492,700 AED.

Average Annual Salary
312,400 AED
Average Monthly Salary
26,033 AED

Lowest Annual Salary
143,200 AED
Lowest Monthly Salary
11,933 AED

Highest Annual Salary
492,700 AED
Highest Monthly Salary
41,058 AED

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

Insurance Sales Manager 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 Manager Salaries in United Arab Emirates

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

Salary ranges

We already know that an Insurance Sales Manager can earn between 143,200 AED and 492,700 AED on average in United Arab Emirates. 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 Manager in United Arab Emirates is 335,800 AED. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 335,800 AED, and 50% of the population earn more than 335,800 AED.

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 Manager salary in United Arab Emirates, 25% of the population are earning less than 214,000 AED while 75% of the population earn more than 214,000 AED.

75% of the population earn less than 448,500 AED, and 25% of the population earn more than 448,500 AED.

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 Manager Salary by Experience Level in United Arab Emirates

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 manager 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 Manager in United Arab Emirates that has less than two years of experience can expect to earn somewhere in the region of 161,300 AED.
  • 2 - 5 Years Experience. With two to five years of experience the average Insurance Sales Manager salary would increase to 216,800 AED.
  • 5 - 10 Years Experience. From five to ten years of experience as an Insurance Sales Manager, the average salary would be 319,600 AED.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 388,100 AED.
  • 15 - 20 Years Experience. An Insurance Sales Manager with 15 to 20 years of experience can earn an average of 425,100 AED.
  • 20+ Years Experience. For an Insurance Sales Manager with more than 20 years, the expected average salary increases to 460,500 AED.

Average Salary by Experience Chart

0-2 Years
161,300 AED
2-5 Years +34%
216,800 AED
5-10 Years +48%
319,600 AED
10-15 Years +22%
388,100 AED
15-20 Years +9%
425,100 AED
20+ Years +8%
460,500 AED

Insurance Sales Manager Salary by Education Level in United Arab Emirates

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 Manager in United Arab Emirates 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 Manager in United Arab Emirates with a bachelor's degree education can earn an average salary of 189,300 AED.

  • Master's Degree. An Insurance Sales Manager in United Arab Emirates with a master's degree education can earn an average salary of 365,400 AED.

Average Salary by Education Chart

Bachelor's Degree
189,300 AED
Master's Degree +93%
365,400 AED

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 United Arab Emirates is around 97,900 to 294,000 AED 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 Manager 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 United Arab Emirates, a male insurance sales manager will earn an average of 325,800 AED, while a female insurance sales manager will earn around 299,500 AED.

This means that a male insurance sales manager earns approximately 9% more than a female insurance sales manager for performing the same job.

Average Salary by Gender Chart in United Arab Emirates

Male
325,800 AED
Female -9%
299,500 AED

Insurance Sales Manager Average Pay Raise in United Arab Emirates

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 Manager in United Arab Emirates is around 11% every 18 months.

The national average pay raise across all professions and industries in United Arab Emirates is around 8% every 17 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 = ( 11 ÷ 18 ) × 12  = 7%

What this means is that an Insurance Sales Manager in United Arab Emirates can expect to receive an average pay raise of around 7% every 12 months.

Annual Pay Raise by Industry in United Arab Emirates for 2024

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

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

Banking
2%
Energy
4%
Information Technology
6%
Healthcare
8%
Travel
1%
Construction
3%
Education
5%

Insurance Sales Manager Bonus and Incentive Rates in United Arab Emirates

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 Manager is a high bonus based job, with 85% of employees reporting at least one bonus in the last 12 months.

15% 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
85%
No Bonus
15%

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 United Arab Emirates earn approximately 5% more than private sector employees in the same role.

Public Sector
239,300 AED
Private Sector -5%
228,500 AED

Salaries for Jobs Similar to an Insurance Sales Manager

In the table below, we have salary information for jobs that are similar to an Insurance Sales Manager in United Arab Emirates.

Job Title Category Salary
Actuarial Analyst Insurance 325,800 AED
Actuarial Assistant Insurance 232,900 AED
Actuarial Specialist Insurance 217,900 AED
Actuary Insurance 339,100 AED
Adjustment Insurance Clerk Insurance 79,500 AED
Assistant Broker Insurance 152,100 AED
Assistant Claims Manager Insurance 254,800 AED
Associate Insurance Representative Insurance 116,180 AED
Auditing Insurance Manager Insurance 362,200 AED
Broker Insurance 246,200 AED
Claim Advocacy Professional Insurance 243,000 AED
Claims Adjuster Insurance 86,760 AED
Claims Analyst Insurance 113,740 AED
Claims Examiner Insurance 118,380 AED
Claims Manager Insurance 344,600 AED
Claims Processor Insurance 84,560 AED
Claims Representative Insurance 100,140 AED
Claims Resolution Specialist Insurance 268,900 AED
Claims Supervisor Insurance 228,000 AED
Complaints Specialist Insurance 227,600 AED
Compliance Examiner Insurance 222,300 AED
Compliance Officer Insurance 192,600 AED
Compliance Reviewer Insurance 225,700 AED
Consultant Insurance 233,600 AED
Eligibility Interviewer Insurance 263,900 AED
Eligibility Specialist Insurance 238,900 AED
Insurance Account Manager Insurance 308,900 AED
Insurance Accounts Executive Insurance 252,300 AED
Insurance Adjuster Insurance 231,000 AED
Insurance Agent Insurance 137,400 AED
Insurance Analyst Insurance 238,900 AED
Insurance Appraiser Insurance 233,900 AED
Insurance Claims Clerk Insurance 82,720 AED
Insurance Examiner Insurance 225,300 AED
Insurance Investigator Insurance 215,100 AED
Insurance Manager Insurance 415,900 AED
Insurance Operations Manager Insurance 417,100 AED
Insurance Policy Processing Clerk Insurance 82,160 AED
Insurance Pricing Assistant Insurance 192,600 AED
Insurance Program Manager Insurance 307,400 AED
Insurance Project Manager Insurance 301,800 AED
Insurance Quality Assurance Agent Insurance 207,700 AED
Insurance Sales Agent Insurance 138,800 AED
Insurance Sales Director Insurance 409,000 AED
Insurance Sales Representative Insurance 124,400 AED
Insurance Team Leader Insurance 247,800 AED
Insurance Underwriter Insurance 175,900 AED
Loss Control Specialist Insurance 232,900 AED
Loss Prevention Investigator Insurance 258,400 AED
Loss Prevention Manager Insurance 339,100 AED
Loss Prevention Specialist Insurance 249,600 AED
Marine Underwriter Insurance 169,000 AED
Medical Auditor Insurance 239,300 AED
Monitoring and Performance Officer Insurance 172,200 AED
Payment Services Specialist Insurance 246,500 AED
Policy Change Director Insurance 394,500 AED
Policy Change Supervisor Insurance 253,400 AED
Policy Change Technician Insurance 111,860 AED
Risk Analyst Insurance 283,400 AED
Risk Management Director Insurance 462,300 AED
Risk Management Supervisor Insurance 301,700 AED
Risk Manager Insurance 467,700 AED
Risk Modeling Manager Insurance 433,800 AED
Title Insurance Typist Insurance 209,700 AED
Training Manager Insurance 271,300 AED

Salary Comparison by City

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

City Average Salary
Abu Dhabi 332,500 AED
Ajman 308,300 AED
Al Ain 308,900 AED
Dubai 348,300 AED
Fujairah 301,600 AED
Ras Al Khaimah 286,400 AED
Sharjah 335,100 AED
Um Al Quiwain 273,000 AED

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