Average Insurance Team Leader Salary in Liechtenstein for 2024

In this article, we will look at the average Insurance Team Leader salary for 2024 in Liechtenstein 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 Swiss franc. To keep things simple, we are using the CHF currency code instead of the currency symbol Fr.

How Much Does an Insurance Team Leader Make in Liechtenstein?

An Insurance Team Leader working in Liechtenstein will typically earn around 72,180 CHF per year, and this can range from the lowest average salary of about 33,980 CHF to the highest average salary of 110,380 CHF.

Average Annual Salary
72,180 CHF
Average Monthly Salary
6,015 CHF

Lowest Annual Salary
33,980 CHF
Lowest Monthly Salary
2,831 CHF

Highest Annual Salary
110,380 CHF
Highest Monthly Salary
9,198 CHF

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

Insurance Team Leader 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 Team Leader Salaries in Liechtenstein

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

Salary ranges

We already know that an Insurance Team Leader can earn between 33,980 CHF and 110,380 CHF on average in Liechtenstein. 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 Team Leader in Liechtenstein is 72,420 CHF. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 72,420 CHF, and 50% of the population earn more than 72,420 CHF.

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 Team Leader salary in Liechtenstein, 25% of the population are earning less than 47,400 CHF while 75% of the population earn more than 47,400 CHF.

75% of the population earn less than 92,500 CHF, and 25% of the population earn more than 92,500 CHF.

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 Team Leader Salary by Experience Level in Liechtenstein

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 team leader 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 Team Leader in Liechtenstein that has less than two years of experience can expect to earn somewhere in the region of 40,040 CHF.
  • 2 - 5 Years Experience. With two to five years of experience the average Insurance Team Leader salary would increase to 51,800 CHF.
  • 5 - 10 Years Experience. From five to ten years of experience as an Insurance Team Leader, the average salary would be 74,540 CHF.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 90,540 CHF.
  • 15 - 20 Years Experience. An Insurance Team Leader with 15 to 20 years of experience can earn an average of 96,500 CHF.
  • 20+ Years Experience. For an Insurance Team Leader with more than 20 years, the expected average salary increases to 101,980 CHF.

Average Salary by Experience Chart

0-2 Years
40,040 CHF
2-5 Years +29%
51,800 CHF
5-10 Years +38%
74,540 CHF
10-15 Years +24%
90,540 CHF
15-20 Years +7%
96,500 CHF
20+ Years +7%
101,980 CHF

Insurance Team Leader Salary by Education Level in Liechtenstein

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 Team Leader in Liechtenstein 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 Team Leader in Liechtenstein with a certificate or diploma education can earn an average salary of 51,800 CHF.

  • Bachelor's Degree. An Insurance Team Leader in Liechtenstein with a bachelor's degree education can earn an average salary of 69,720 CHF.

  • Master's Degree. An Insurance Team Leader in Liechtenstein with a master's degree education can earn an average salary of 106,820 CHF.

Average Salary by Education Chart

Certificate or Diploma
51,800 CHF
Bachelor's Degree +34%
69,720 CHF
Master's Degree +53%
106,820 CHF

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 Liechtenstein is around 26,600 to 79,700 CHF 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 Team Leader 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 Liechtenstein, a male insurance team leader will earn an average of 73,880 CHF, while a female insurance team leader will earn around 64,620 CHF.

This means that a male insurance team leader earns approximately 14% more than a female insurance team leader for performing the same job.

Average Salary by Gender Chart in Liechtenstein

Male
73,880 CHF
Female -14%
64,620 CHF

Insurance Team Leader Average Pay Raise in Liechtenstein

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 Team Leader in Liechtenstein is around 7% every 30 months.

The national average pay raise across all professions and industries in Liechtenstein 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 ÷ 30 ) × 12  = 3%

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

Annual Pay Raise by Industry in Liechtenstein for 2024

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

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

Banking
6%
Energy
3%
Information Technology
9%
Healthcare
6%
Travel
3%
Construction
9%
Education
6%

Insurance Team Leader Bonus and Incentive Rates in Liechtenstein

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 Team Leader is a low bonus based job, with 38% of employees reporting at least one bonus in the last 12 months.

62% 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 3% to 6%.

Received Bonus
38%
No Bonus
62%

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 Liechtenstein earn approximately 10% more than private sector employees in the same role.

Public Sector
66,260 CHF
Private Sector -10%
60,480 CHF

Salaries for Jobs Similar to an Insurance Team Leader

In the table below, we have salary information for jobs that are similar to an Insurance Team Leader in Liechtenstein.

Job Title Category Salary
Actuarial Analyst Insurance 84,040 CHF
Actuarial Assistant Insurance 58,440 CHF
Actuarial Specialist Insurance 61,620 CHF
Actuary Insurance 87,640 CHF
Adjustment Insurance Clerk Insurance 25,680 CHF
Assistant Broker Insurance 43,340 CHF
Assistant Claims Manager Insurance 70,880 CHF
Associate Insurance Representative Insurance 34,120 CHF
Auditing Insurance Manager Insurance 93,280 CHF
Broker Insurance 63,040 CHF
Claim Advocacy Professional Insurance 66,840 CHF
Claims Adjuster Insurance 23,660 CHF
Claims Analyst Insurance 34,480 CHF
Claims Examiner Insurance 35,300 CHF
Claims Manager Insurance 95,720 CHF
Claims Processor Insurance 22,340 CHF
Claims Representative Insurance 29,320 CHF
Claims Resolution Specialist Insurance 68,580 CHF
Claims Supervisor Insurance 63,040 CHF
Complaints Specialist Insurance 60,020 CHF
Compliance Examiner Insurance 61,180 CHF
Compliance Officer Insurance 55,020 CHF
Compliance Reviewer Insurance 58,800 CHF
Consultant Insurance 63,320 CHF
Eligibility Interviewer Insurance 66,120 CHF
Eligibility Specialist Insurance 67,020 CHF
Insurance Account Manager Insurance 82,160 CHF
Insurance Accounts Executive Insurance 72,380 CHF
Insurance Adjuster Insurance 62,420 CHF
Insurance Agent Insurance 39,160 CHF
Insurance Analyst Insurance 65,080 CHF
Insurance Appraiser Insurance 66,020 CHF
Insurance Claims Clerk Insurance 23,260 CHF
Insurance Examiner Insurance 60,840 CHF
Insurance Investigator Insurance 62,860 CHF
Insurance Manager Insurance 111,920 CHF
Insurance Operations Manager Insurance 110,340 CHF
Insurance Policy Processing Clerk Insurance 22,340 CHF
Insurance Pricing Assistant Insurance 53,660 CHF
Insurance Program Manager Insurance 83,640 CHF
Insurance Project Manager Insurance 80,800 CHF
Insurance Quality Assurance Agent Insurance 57,440 CHF
Insurance Sales Agent Insurance 40,140 CHF
Insurance Sales Director Insurance 104,440 CHF
Insurance Sales Manager Insurance 80,640 CHF
Insurance Sales Representative Insurance 34,960 CHF
Insurance Underwriter Insurance 50,980 CHF
Loss Control Specialist Insurance 64,300 CHF
Loss Prevention Investigator Insurance 69,180 CHF
Loss Prevention Manager Insurance 91,520 CHF
Loss Prevention Specialist Insurance 66,120 CHF
Marine Underwriter Insurance 48,740 CHF
Medical Auditor Insurance 64,920 CHF
Monitoring and Performance Officer Insurance 45,600 CHF
Payment Services Specialist Insurance 67,360 CHF
Policy Change Director Insurance 99,080 CHF
Policy Change Supervisor Insurance 69,780 CHF
Policy Change Technician Insurance 33,120 CHF
Risk Analyst Insurance 67,800 CHF
Risk Management Director Insurance 125,100 CHF
Risk Management Supervisor Insurance 80,520 CHF
Risk Manager Insurance 124,400 CHF
Risk Modeling Manager Insurance 125,700 CHF
Title Insurance Typist Insurance 56,640 CHF
Training Manager Insurance 75,260 CHF

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