INSURANCE / SALARY
NAMIBIA

SALARY SURVEYS

12

UPDATED
April 2024
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(based on your career and experience)

AVERAGE SALARY / YEAR

MOST TYPICAL SALARY / YEAR

Gross income

Net (after tax)

18.53 NAD = 1 USD

605,715 NAD

$32,688 USD

Windhoek

611,570 NAD

407,664 NAD

$22,000 USD

Including "Windhoek"

Excluding "Windhoek"

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Average Salary / Insurance / Namibia

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Average salary for Insurance / Namibia is 605,715 NAD per year. The most typical earning is 407,664 NAD. All data are based on 12 salary surveys. Salaries are different between men and women. Men receive an average salary of 589,260 NAD. Women receive a salary of 611,496 NAD.

Based on education, the highest salaries receive people with Bachelors Degree with salary of 776,415 NAD. The second most paid education level is Some College with salary of 446,577 NAD.

Different experiences affect earning as well. People with 1-2 Years of experience receive salary of 1,004,337 NAD. Employees with 4-8 Years of experience receive 717,118 NAD.

Levels / Insurance / Namibia (Gross NAD)

Salary Levels (NAD) per Year	Surveys	[%]
18,500 NAD - 36,999 NAD	0	n/a
37,100 NAD - 55,599 NAD	0	n/a
55,600 NAD - 92,599 NAD	0	n/a
92,700 NAD - 185,299 NAD	0	n/a
185,300 NAD - 277,899 NAD	0	n/a
278,000 NAD - 370,599 NAD	2	100% 16.67%
THE MOST TYPICAL SALARY
370,600 NAD - 463,199 NAD	3	83.33% 25%
463,300 NAD - 555,899 NAD	1	58.33% 8.33%
555,900 NAD - 648,499 NAD	2	50% 16.67%
648,600 NAD - 741,199 NAD	2	33.33% 16.67%
741,200 NAD - 833,799 NAD	0	n/a
833,900 NAD - 926,499 NAD	0	n/a
926,500 NAD - 1,019,099 NAD	1	16.67% 8.33%
1,019,200 NAD - 1,111,799 NAD	0	n/a
1,111,800 NAD - 1,204,399 NAD	0	n/a
1,204,500 NAD - 1,297,099 NAD	0	n/a
1,297,100 NAD - 1,389,699 NAD	0	n/a
1,389,800 NAD - 1,482,399 NAD	1	8.33% 8.33%
1,482,400 NAD - 1,574,999 NAD	0	n/a
1,575,100 NAD - 1,667,699 NAD	0	n/a
1,667,700 NAD - 1,760,399 NAD	0	n/a
1,760,400 NAD - 1,852,999 NAD	0	n/a
1,853,000 NAD - 1,945,699 NAD	0	n/a
1,945,700 NAD - 2,038,299 NAD	0	n/a
2,038,300 NAD - 2,130,999 NAD	0	n/a
2,131,000 NAD - 2,223,599 NAD	0	n/a
2,223,600 NAD - 2,316,299 NAD	0	n/a
2,316,300 NAD - 2,408,899 NAD	0	n/a
2,408,900 NAD - 2,501,599 NAD	0	n/a
2,501,600 NAD - 2,594,199 NAD	0	n/a
2,594,200 NAD - 2,686,899 NAD	0	n/a
2,686,900 NAD - 2,779,499 NAD	0	n/a
HIGH SALARIES
2,779,500 NAD - 2,964,799 NAD	0	n/a
2,964,800 NAD - 3,150,099 NAD	0	n/a
3,150,100 NAD - 3,335,399 NAD	0	n/a
3,335,400 NAD - 3,520,699 NAD	0	n/a
3,520,700 NAD - 3,705,999 NAD	0	n/a
3,706,000 NAD - 3,891,299 NAD	0	n/a
3,891,300 NAD - 4,076,599 NAD	0	n/a
4,076,600 NAD - 4,261,899 NAD	0	n/a
4,261,900 NAD - 4,447,199 NAD	0	n/a
4,447,200 NAD - 4,632,499 NAD	0	n/a
4,632,600 NAD - 6,485,599 NAD	0	n/a

Gender / Insurance / Namibia (Gross NAD)

#		Surveys		AVERAGE SALARY / YEAR
1	Women	9	611,496 NAD
2	Men	3	589,260 NAD

Education / Insurance / Namibia (Gross NAD)

#		Surveys
1	Bachelors Degree	6	776,415 NAD
2	Some College	2	446,577 NAD
3	High School	4	429,900 NAD

Experience / Insurance / Namibia (Gross NAD)

#		Surveys
1	1-2 Years	1	1,004,337 NAD
2	4-8 Years	3	717,118 NAD
3	2-4 Years	1	579,995 NAD
4	8-12 Years	3	559,612 NAD
5	16-20 Years	2	522,551 NAD
6	20+ Years	1	509,580 NAD
7	12-16 Years	1	302,042 NAD

Age / Insurance / Namibia (Gross NAD)

#		Surveys
1	31-35	2	889,449 NAD
2	21-25	2	793,092 NAD
3	36-40	2	689,323 NAD
4	41-45	2	585,554 NAD
5	26-30	4	339,102 NAD

Work Type / Insurance / Namibia (Gross NAD)

#		Surveys		AVERAGE SALARY / YEAR
1	Permanent	11	607,790 NAD
2	Self Employed	1	579,995 NAD

Cities / Insurance / Namibia (Gross NAD)

#		Surveys
1	Walvis Bay	1	642,998 NAD
2	Windhoek	10	611,496 NAD
3	--Other--	1	509,580 NAD

Careers / Insurance / Namibia (Gross NAD)

#		Surveys
1	Life Insurance	1	1,391,618 NAD
2	Insurance Agent	1	642,998 NAD
3	Commercial Insurance	4	639,292 NAD
4	Insurance Underwriter	2	516,992 NAD
5	Risk Management Insurance	2	441,018 NAD
6	Insurance	1	385,428 NAD
7	Other Insurance Career	1	374,310 NAD

People's individual salary examples (surveys)

Service Broker

Posted 12 January 2024
Key knowledge and tasks

"Various course in insurance
Renewals, credit control, discussions with clients, service deliver, organization, targets on budgets, quotations, market surveys."

City	Education	Experience	Knowledge	Gross salary / year
Windhoek	Bachelors Degree	16-20 Years	Advanced	660,000 NAD

Service Consultant

Posted 22 July 2020
Key knowledge and tasks

"New business, underwriting, claims, office administration, client service, second in charge management of the branch."

City	Education	Experience	Knowledge	Gross salary / year
--Other--	Some College	20+ Years	n/a	509,700 NAD

Actuary

Posted 30 November 2019
Key knowledge and tasks

"Taking care of the financial part of company and anticipating risks."

City	Education	Experience	Knowledge	Gross salary / year
Windhoek	Bachelors Degree	1-2 Years	n/a	1,004,900 NAD

Financial Adviser

Posted 10 September 2019
Key knowledge and tasks

"Provide Financial Advise to clients on Life Insurance, Retirement, Investment and Estate Planning."

City	Education	Experience	Knowledge	Gross salary / year
Walvis Bay	Bachelors Degree	8-12 Years	n/a	643,100 NAD

Head Of Underwriting

Posted 11 July 2019
Key knowledge and tasks

"Supervising underwriting department."

City	Education	Experience	Knowledge	Gross salary / year
Windhoek	High School	8-12 Years	n/a	735,600 NAD

Investigation Manager

Posted 04 July 2019
Key knowledge and tasks

"Appointing claims
Managing staff
managing customer complaints
Managing employees
approving and rejecting claims
managing a department."

City	Education	Experience	Knowledge	Gross salary / year
Windhoek	High School	16-20 Years	n/a	385,900 NAD

Actuarial

Posted 18 May 2019
Key knowledge and tasks

"Data entry and system testing."

City	Education	Experience	Knowledge	Gross salary / year
Windhoek	Bachelors Degree	4-8 Years	n/a	375,100 NAD

Alternative Risk Transfer Underwriter

Posted 06 June 2018
Key knowledge and tasks

"Loading policies, working from financials."

City	Education	Experience	Knowledge	Gross salary / year
Windhoek	High School	12-16 Years	n/a	301,300 NAD

Corporate Underwriter

Posted 22 May 2018
Key knowledge and tasks

"Loading New policies
Amending
Re-Insurance."

City	Education	Experience	Knowledge	Gross salary / year
Windhoek	High School	8-12 Years	n/a	298,200 NAD

INSURANCE / SALARY NAMIBIA

12