Account Representative Financial Planning Insurance salary in Iceland

Average Yearly Salary of Account Representative Financial Planning Insurance in Iceland is approximately 7,701,769 ISK (53,857 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 Representative Financial Planning Insurance do?

An account representative in financial planning insurance is responsible for managing client accounts and providing personalized financial planning and insurance solutions. They work closely with clients to understand their financial goals, assess their risk tolerance, and develop comprehensive plans to meet their needs. Account representatives analyze clients' current financial situations, including income, expenses, assets, and liabilities, to recommend appropriate insurance products and investment strategies. They also assist clients with policy renewals, claims processing, and any necessary adjustments to their plans. Strong communication and interpersonal skills are essential in this role, as account representatives often engage in client meetings and presentations to discuss complex financial concepts and address any concerns or questions.

Skills: Account representative, Financial planning, Insurance solutions, Risk assessment, Investment strategies, Client management
Job industry: Insurance

How much does Account Representative Financial Planning Insurance make?

Difference in salary year over year or average salary increase is approximately 3 %


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Salary comparison to National average

Is Account Representative Financial Planning Insurance a well paid job?

Yes, our data show that Account Representative Financial Planning Insurance 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 Representative Financial Planning Insurance?

High salary for Account Representative Financial Planning Insurance would be somewhere between 8,471,946 ISK and 11,167,565 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Account Representative Financial Planning Insurance 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: 7,701,769 ISK
Estimated Monthly Salary: 641,814 ISK
Estimated Weekly Salary: 148,111 ISK per week
Estimated Hourly Salary: 3,703 ISK per hour
By working as Account Representative Financial Planning Insurance a person can save up to 1,759 USD per month or 21,111 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 Representative Financial Planning Insurance

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.

Top 10 highest salaries in Iceland

Data as of 2025

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