Insurance Claims Adjuster salary in Iceland

Average Yearly Salary of Insurance Claims Adjuster in Iceland is approximately 11,009,326 ISK (76,897 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 Insurance Claims Adjuster do?

An insurance claims adjuster is responsible for investigating and evaluating insurance claims to determine the extent of coverage and liability. They review policy terms, interview claimants and witnesses, gather evidence, and inspect damaged property to assess the validity and value of claims. Claims adjusters also negotiate settlements with claimants or their representatives, ensuring a fair and timely resolution. They must have strong analytical skills to assess damages accurately, excellent communication skills to interact with claimants and other parties involved, and the ability to work independently and make informed decisions. This occupation requires knowledge of insurance policies and regulations, as well as attention to detail and the ability to handle stressful situations. Some adjusters specialize in specific types of claims such as property, auto, or liability.

Skills: Insurance, Claims Adjuster, Investigation, Liability, Settlements, Negotiation
Job industry: Insurance

How much does Insurance Claims Adjuster make?

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


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Salary comparison to National average

Is Insurance Claims Adjuster a well paid job?

Yes, our data shows that Insurance Claims Adjuster 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 Insurance Claims Adjuster?

High salary for Insurance Claims Adjuster would be somewhere between 12,110,259 ISK and 15,963,523 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Insurance Claims Adjuster 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: 11,009,326 ISK
Estimated Monthly Salary: 917,444 ISK
Estimated Weekly Salary: 211,718 ISK per week
Estimated Hourly Salary: 5,293 ISK per hour
By working as Insurance Claims Adjuster a person can save up to 3,679 USD per month or 44,151 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 Insurance Claims Adjuster

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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