Claims Administrator salary in Iceland

Average Yearly Salary of Claims Administrator in Iceland is approximately 7,577,221 ISK (53,104 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 Claims Administrator do?

A claims administrator is responsible for managing and overseeing the process of insurance claims within an organization. They play a crucial role in ensuring that claims are processed accurately, efficiently, and in compliance with company policies and industry regulations. The occupation involves reviewing and assessing claim applications, verifying policy coverage, investigating claims, and negotiating settlements with claimants. Claims administrators also collaborate with various stakeholders, including policyholders, insurance agents, legal professionals, and healthcare providers, to gather necessary documentation and information. They must possess strong analytical skills to evaluate claims, attention to detail to ensure accuracy, and excellent communication skills to effectively communicate with all parties involved. Additionally, claims administrators may be required to stay updated with changes in insurance laws and regulations to ensure compliance.

Skills: Claims Administrator, Insurance Claims, Claims Processing, Claims Management, Insurance Industry, Compliance
Job industry: Insurance

How much does Claims Administrator make?

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


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Salary comparison to National average

Is Claims Administrator a well paid job?

Yes, our data show that Claims Administrator 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 Claims Administrator?

High salary for Claims Administrator would be somewhere between 8,334,943 ISK and 10,986,970 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Claims Administrator 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: 7,577,221 ISK
Estimated Monthly Salary: 631,435 ISK
Estimated Weekly Salary: 145,716 ISK per week
Estimated Hourly Salary: 3,643 ISK per hour
By working as Claims Administrator a person can save up to 1,697 USD per month or 20,358 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 Claims Administrator

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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