Home > Salary > Colombia > Insurance Director
An insurance director is a high-level executive responsible for overseeing the operations and strategic direction of an insurance company. They play a critical role in managing all aspects of the insurance business, including underwriting, claims, sales, marketing, and risk management. The insurance director sets goals, formulates policies, and develops strategies to ensure the company's profitability and growth. They collaborate with other departments to evaluate risks, design insurance products, and create pricing models. Additionally, they monitor industry trends, regulatory changes, and competitive landscapes to make informed decisions and stay ahead of the market. Strong leadership, analytical skills, and extensive knowledge of insurance principles are essential for success in this role.
Estimated Yearly Salary: 64,287,577 COP
Estimated Monthly Salary: 5,357,298 COP
Estimated Weekly Salary: 1,236,300 COP per week
Estimated Hourly Salary: 30,907 COP per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 5,177,163 COP
Estimated Weekly Salary: 1,194,730 COP per week
Estimated Hourly Salary: 29,868 COP per hour
Last revision of data: 2024-01-06
Estimated Yearly Salary: 14,252 USD
Estimated Monthly Salary: 1,188 USD
Estimated Weekly Salary: 274 USD per week
Estimated Hourly Salary: 7 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %
Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Estimated Yearly Salary: 64,287,577 COP
Estimated Monthly Salary: 5,357,298 COP
Estimated Weekly Salary: 1,236,300 COP per week
Estimated Hourly Salary: 30,907 COP per hour
By working as Insurance Director a person can save up to 927 USD per month or 11,127 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Colombia, see costs of living in Colombia.
Estimated Yearly Salary for Insurance Director
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
Senior chartered financial analyst (cfa) (61,441,515 COP per year, pre-tax.)
Regional account executive (29,528,215 COP per year, pre-tax.)
Fitness director (22,368,420 COP per year, pre-tax.)
Roughneck (19,673,280 COP per year, pre-tax.)
Design verification engineer (59,882,997 COP per year, pre-tax.)
Insurance Director salary in Colombia
Average Yearly Salary of Insurance Director in Colombia is approximately 64,287,577 COP (14,252 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.
What does Insurance Director do?
An insurance director is a high-level executive responsible for overseeing the operations and strategic direction of an insurance company. They play a critical role in managing all aspects of the insurance business, including underwriting, claims, sales, marketing, and risk management. The insurance director sets goals, formulates policies, and develops strategies to ensure the company's profitability and growth. They collaborate with other departments to evaluate risks, design insurance products, and create pricing models. Additionally, they monitor industry trends, regulatory changes, and competitive landscapes to make informed decisions and stay ahead of the market. Strong leadership, analytical skills, and extensive knowledge of insurance principles are essential for success in this role.
Skills: Insurance director, Executive role, Strategic planning, Risk management, Profitability, Leadership
Job industry: Insurance
Job industry: Insurance
How much does Insurance Director make?
Salary details
How much does Insurance Director make?Estimated Yearly Salary: 64,287,577 COP
Estimated Monthly Salary: 5,357,298 COP
Estimated Weekly Salary: 1,236,300 COP per week
Estimated Hourly Salary: 30,907 COP per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 62,125,958 COPEstimated Monthly Salary: 5,177,163 COP
Estimated Weekly Salary: 1,194,730 COP per week
Estimated Hourly Salary: 29,868 COP per hour
Last revision of data: 2024-01-06Insurance Director estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 14,252 USD
Estimated Monthly Salary: 1,188 USD
Estimated Weekly Salary: 274 USD per week
Estimated Hourly Salary: 7 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %About these results
Data confidence is - relatively high Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Compare salary to other countries
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Salary comparison to National average
Colombia is a country located in South America. It has a population of approximately 50 million people and covers an area of about 1.1 million square kilometers. The country is known for its diverse landscapes, including the Andes Mountains, Amazon rainforest, and Caribbean coastline.
Estimated national average yearly salary is 26,951,400 COP (6,510 USD). Value indicated is pre-tax. Below graph shows estimated Insurance Director job salary compared to average salary in Colombia.
Comparison shows that a person working as Insurance Director in Colombia earns on average:
2.39 times the average salary (or 239% of average salary).
Estimated national average yearly salary is 26,951,400 COP (6,510 USD). Value indicated is pre-tax. Below graph shows estimated Insurance Director job salary compared to average salary in Colombia.
Comparison shows that a person working as Insurance Director in Colombia earns on average:
2.39 times the average salary (or 239% of average salary).
Is Insurance Director a well paid job?
Yes, our data show that Insurance Director is a very well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.What is considered a high salary for Insurance Director?
High salary for Insurance Director would be somewhere between 70,716,335 COP and 93,216,987 COP. However this is an estimation based on Gaussian Distribution.How much can you save working as Insurance Director in Colombia?
Living in Colombia the approximate monthly expenses are: 260 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.Estimated Yearly Salary: 64,287,577 COP
Estimated Monthly Salary: 5,357,298 COP
Estimated Weekly Salary: 1,236,300 COP per week
Estimated Hourly Salary: 30,907 COP per hour
By working as Insurance Director a person can save up to 927 USD per month or 11,127 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Colombia, see costs of living in Colombia.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Ecuador, Peru, Brazil, Venezuela, Panama. To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).Estimated Yearly Salary for Insurance Director
Ecuador is 13,775 USD
Brazil is 17,776 USD Last revision of data: 2025-01-04Salary increase per years of experience
Based on data available the salary increase per years of experience is as following- 0 years (beginner) equals base salary
- 1 to 5 years of experience yields
+12% salary increase- 6 to 10 years of experience yields
+25% salary increase- 11 to 15 years of experience yields
+16% salary increase- 16 to 25 years of experience yields
+9% salary increase- more than 25 years of experience yields
+10% salary increaseTop 10 highest salaries in Colombia
(306,660,307 COP per year, pre-tax.)
2. Cardiologist
(254,459,006 COP per year, pre-tax.)
(247,209,986 COP per year, pre-tax.)
(238,795,833 COP per year, pre-tax.)
5. Neurosurgeon
(238,525,529 COP per year, pre-tax.)
(233,656,491 COP per year, pre-tax.)
(233,604,285 COP per year, pre-tax.)
8. Oncologist
(233,538,023 COP per year, pre-tax.)
(232,715,450 COP per year, pre-tax.)
(232,262,612 COP per year, pre-tax.)
Data as of 2025Random salary:
Senior chartered financial analyst (cfa) (61,441,515 COP per year, pre-tax.)
Regional account executive (29,528,215 COP per year, pre-tax.)
Fitness director (22,368,420 COP per year, pre-tax.)
Roughneck (19,673,280 COP per year, pre-tax.)
Design verification engineer (59,882,997 COP per year, pre-tax.)
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