Insurance Sales Agent salary in Iceland

Average Yearly Salary of Insurance Sales Agent in Iceland is approximately 7,588,618 ISK (52,958 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 Sales Agent do?

An insurance sales agent is responsible for selling various types of insurance policies to individuals and businesses. They meet with potential clients to understand their insurance needs, explain policy options, and provide recommendations based on their requirements. Insurance sales agents also assist clients in filling out insurance applications, gathering necessary documentation, and explaining policy terms and conditions. These professionals must stay updated on insurance products, industry trends, and regulations to effectively communicate and educate clients about their options. They often work closely with underwriters to negotiate policy terms and premiums on behalf of their clients. Building and maintaining client relationships is crucial for insurance sales agents, as they may need to provide ongoing support, handle claims, and assist with policy renewals.

Skills: Insurance sales, Sales agent, Insurance policies, Client relationships, Policy recommendations, Industry regulations
Job industry: Insurance

How much does Insurance Sales Agent 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 Sales Agent a well paid job?

Yes, our data show that Insurance Sales Agent 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 Insurance Sales Agent?

High salary for Insurance Sales Agent would be somewhere between 8,347,480 ISK and 11,003,496 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Insurance Sales Agent 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: 7,588,618 ISK
Estimated Monthly Salary: 632,385 ISK
Estimated Weekly Salary: 145,935 ISK per week
Estimated Hourly Salary: 3,648 ISK per hour
By working as Insurance Sales Agent a person can save up to 1,684 USD per month or 20,212 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 Sales Agent

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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