Claims Supervisor Insurance salary in Iceland

Average Yearly Salary of Claims Supervisor Insurance in Iceland is approximately 14,148,080 ISK (99,577 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 Supervisor Insurance do?

A claims supervisor in the insurance industry is responsible for overseeing the claims process and ensuring that all claims are handled efficiently and accurately. They supervise a team of claims adjusters, providing guidance and support as needed. The main duties of a claims supervisor include reviewing and approving claim settlements, resolving complex or escalated claims issues, conducting quality assurance checks on claim files, and ensuring compliance with insurance regulations and company policies. They also collaborate with other departments, such as underwriting and customer service, to improve processes and enhance customer satisfaction. Strong analytical and problem-solving skills are essential in this role, as well as excellent communication and leadership abilities.

Skills: Claims supervisor, Insurance claims, Claims management, Insurance industry, Leadership skills, Customer satisfaction
Job industry: Insurance

How much does Claims Supervisor Insurance make?

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


Want to check how your salary compares? Submit your own salary here

Salary comparison to National average

Is Claims Supervisor Insurance a well paid job?

Yes, our data shows that Claims Supervisor 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 Supervisor Insurance?

High salary for Claims Supervisor Insurance would be somewhere between 15,562,888 ISK and 20,514,716 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Claims Supervisor 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: 14,148,080 ISK
Estimated Monthly Salary: 1,179,007 ISK
Estimated Weekly Salary: 272,078 ISK per week
Estimated Hourly Salary: 6,802 ISK per hour
By working as Claims Supervisor Insurance a person can save up to 5,569 USD per month or 66,831 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 Supervisor 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

Random salary:
Vice president (vp), human resources (hr), consulting (27,117,891 ISK per year, pre-tax.)
Navy petty officer 1st class surface vessels (11,590,436 ISK per year, pre-tax.)
Real estate development manager (commercial) (16,109,607 ISK per year, pre-tax.)
Biological engineer (11,455,773 ISK per year, pre-tax.)
Senior environmental consultant (13,782,690 ISK per year, pre-tax.)

Feedback about these results