Home > Salary > Colombia > Insurance Rater
An insurance rater is responsible for evaluating and determining the appropriate premiums for insurance policies. They analyze various factors such as the applicant's age, health condition, occupation, and past claims history to assess the level of risk involved. Insurance raters use specialized software and databases to calculate premiums accurately and ensure compliance with industry regulations.
Their main duties include reviewing applications, collecting and verifying information, conducting risk assessments, and providing quotes to clients. They also collaborate with underwriters and insurance agents to resolve any discrepancies or issues that may arise during the rating process. Accuracy, attention to detail, and strong analytical skills are crucial in this role.
Estimated Yearly Salary: 21,817,113 COP
Estimated Monthly Salary: 1,818,093 COP
Estimated Weekly Salary: 419,560 COP per week
Estimated Hourly Salary: 10,489 COP per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 1,761,198 COP
Estimated Weekly Salary: 406,430 COP per week
Estimated Hourly Salary: 10,161 COP per hour
Last revision of data: 2024-01-02
Estimated Yearly Salary: 4,849 USD
Estimated Monthly Salary: 404 USD
Estimated Weekly Salary: 93 USD per week
Estimated Hourly Salary: 2 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: 21,817,113 COP
Estimated Monthly Salary: 1,818,093 COP
Estimated Weekly Salary: 419,560 COP per week
Estimated Hourly Salary: 10,489 COP per hour
By working as Insurance Rater a person can save up to 144 USD per month or 1,724 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 Rater
Last revision of data: 2025-01-04
Data as of 2025
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Insurance Rater salary in Colombia
Average Yearly Salary of Insurance Rater in Colombia is approximately 21,817,113 COP (4,849 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 Rater do?
An insurance rater is responsible for evaluating and determining the appropriate premiums for insurance policies. They analyze various factors such as the applicant's age, health condition, occupation, and past claims history to assess the level of risk involved. Insurance raters use specialized software and databases to calculate premiums accurately and ensure compliance with industry regulations.
Their main duties include reviewing applications, collecting and verifying information, conducting risk assessments, and providing quotes to clients. They also collaborate with underwriters and insurance agents to resolve any discrepancies or issues that may arise during the rating process. Accuracy, attention to detail, and strong analytical skills are crucial in this role.
Skills: Insurance, Rater, Premiums, Risk assessment, Underwriting, Analytical skills
Job industry: Insurance
Job industry: Insurance
How much does Insurance Rater make?
Salary details
How much does Insurance Rater make?Estimated Yearly Salary: 21,817,113 COP
Estimated Monthly Salary: 1,818,093 COP
Estimated Weekly Salary: 419,560 COP per week
Estimated Hourly Salary: 10,489 COP per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 21,134,379 COPEstimated Monthly Salary: 1,761,198 COP
Estimated Weekly Salary: 406,430 COP per week
Estimated Hourly Salary: 10,161 COP per hour
Last revision of data: 2024-01-02Insurance Rater estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 4,849 USD
Estimated Monthly Salary: 404 USD
Estimated Weekly Salary: 93 USD per week
Estimated Hourly Salary: 2 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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Country:
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 Rater job salary compared to average salary in Colombia.
Comparison shows that a person working as Insurance Rater in Colombia earns on average:
0.81 times the average salary (or 81% 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 Rater job salary compared to average salary in Colombia.
Comparison shows that a person working as Insurance Rater in Colombia earns on average:
0.81 times the average salary (or 81% of average salary).
Is Insurance Rater a well paid job?
No / we do not have enough data to assess this.What is considered a high salary for Insurance Rater?
High salary for Insurance Rater would be somewhere between 23,998,824 COP and 31,634,814 COP. However this is an estimation based on Gaussian Distribution.How much can you save working as Insurance Rater 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: 21,817,113 COP
Estimated Monthly Salary: 1,818,093 COP
Estimated Weekly Salary: 419,560 COP per week
Estimated Hourly Salary: 10,489 COP per hour
By working as Insurance Rater a person can save up to 144 USD per month or 1,724 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 Rater
Ecuador is 4,699 USD
Brazil is 6,063 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:
Hearing impaired teacher (24,338,609 COP per year, pre-tax.)
Career development director (41,977,723 COP per year, pre-tax.)
Account manager i (25,006,799 COP per year, pre-tax.)
Senior merchandiser (40,427,100 COP per year, pre-tax.)
Real estate closing coordinator (17,247,240 COP per year, pre-tax.)
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