Insurance Claims Consultant salary in Iceland

Average Yearly Salary of Insurance Claims Consultant in Iceland is approximately 16,124,315 ISK (112,699 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 Consultant do?

An insurance claims consultant is a professional who assists individuals or businesses in navigating the complex world of insurance claims. They are responsible for evaluating insurance policies, investigating claims, and negotiating settlements on behalf of their clients. Their primary goal is to ensure that clients receive fair and timely compensation for their losses or damages covered by insurance. Insurance claims consultants work closely with clients to gather all necessary documentation, such as medical records, police reports, or property damage assessments, to support their claims. They also liaise with insurance companies, adjusters, and legal professionals to advocate for their clients' best interests. Additionally, they may provide guidance on policy coverage, claims procedures, and potential legal actions if disputes arise.

Skills: Insurance claims consultant, Claims management, Insurance policy evaluation, Settlement negotiation, Risk assessment, Legal advocacy.
Job industry: Insurance

How much does Insurance Claims Consultant make?

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


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Salary comparison to National average

Is Insurance Claims Consultant a well paid job?

Yes, our data shows that Insurance Claims Consultant 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 Consultant?

High salary for Insurance Claims Consultant would be somewhere between 17,736,747 ISK and 23,380,257 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Insurance Claims Consultant 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: 16,124,315 ISK
Estimated Monthly Salary: 1,343,693 ISK
Estimated Weekly Salary: 310,083 ISK per week
Estimated Hourly Salary: 7,752 ISK per hour
By working as Insurance Claims Consultant a person can save up to 6,663 USD per month or 79,953 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 Consultant

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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