Account Manager Commercial Lines salary in Iceland

Average Yearly Salary of Account Manager Commercial Lines in Iceland is approximately 10,241,704 ISK (71,845 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 Account Manager Commercial Lines do?

An Account Manager in the commercial lines sector is responsible for managing a portfolio of clients and their insurance needs. They work closely with businesses to identify their insurance requirements, provide advice on coverage options, and negotiate contracts with insurance carriers. The primary goal of an Account Manager is to ensure that clients have appropriate coverage to protect their assets and mitigate risks. This involves conducting risk assessments, analyzing policies, and making recommendations for adjustments or additional coverage as needed. Account Managers also handle policy renewals, claims management, and assist clients in navigating complex insurance procedures. Excellent communication and relationship-building skills are essential for success in this role, as Account Managers must establish strong relationships with clients and insurance carriers to effectively meet their needs.

Skills: Account Manager, Commercial Lines, Insurance, Risk Management, Client Relations, Policy Renewal.
Job industry: Insurance

How much does Account Manager Commercial Lines make?

Difference in salary year over year or average salary increase is approximately 4 %


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Salary comparison to National average

Is Account Manager Commercial Lines a well paid job?

Yes, our data show that Account Manager Commercial Lines is an averagely well paid job that still allows for some yearly savings. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Account Manager Commercial Lines?

High salary for Account Manager Commercial Lines would be somewhere between 11,265,874 ISK and 14,850,471 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Account Manager Commercial Lines in Iceland?

Living in Iceland the approximate monthly expenses are: 2,729 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: 10,241,704 ISK
Estimated Monthly Salary: 853,475 ISK
Estimated Weekly Salary: 196,956 ISK per week
Estimated Hourly Salary: 4,924 ISK per hour
By working as Account Manager Commercial Lines a person can save up to 3,258 USD per month or 39,099 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 Iceland, see costs of living in Iceland.

Salary comparison to region and neighbouring coutries

Country's neighbours are: Norway, Faroe Islands, United Kingdom.
To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).

Estimated Yearly Salary for Account Manager Commercial Lines

Last revision of data: 2025-01-04

Salary 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 increase

NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

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Data as of 2025

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