Claims Manager Insurance salary in Iceland

Average Yearly Salary of Claims Manager Insurance in Iceland is approximately 16,277,118 ISK (114,228 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 Manager Insurance do?

A claims manager in the insurance industry is responsible for overseeing and managing the entire claims process. They play a crucial role in ensuring that policyholders receive fair and timely settlements for their claims. The occupation involves analyzing insurance policies, investigating claims, evaluating damages, and negotiating settlements with claimants. Claims managers work closely with adjusters, lawyers, and other professionals to gather necessary information, review documentation, and make informed decisions regarding claim settlements. They also handle customer inquiries, resolve disputes, and ensure compliance with legal and regulatory requirements.

Skills: Claims management, Insurance claims, Claims processing, Settlement negotiation, Policy analysis, Customer service.
Job industry: Insurance

How much does Claims Manager 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 Claims Manager Insurance a well paid job?

Yes, our data shows that Claims Manager Insurance is a well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Claims Manager Insurance?

High salary for Claims Manager Insurance would be somewhere between 17,904,830 ISK and 23,601,821 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Claims Manager 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: 16,277,118 ISK
Estimated Monthly Salary: 1,356,427 ISK
Estimated Weekly Salary: 313,022 ISK per week
Estimated Hourly Salary: 7,826 ISK per hour
By working as Claims Manager Insurance a person can save up to 6,790 USD per month or 81,482 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 Manager 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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