Senior Claim Counsel salary in Iceland

Average Yearly Salary of Senior Claim Counsel in Iceland is approximately 22,618,515 ISK (158,521 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 Senior Claim Counsel do?

A senior claim counsel is a legal professional who specializes in handling insurance claims. They are responsible for providing legal advice and guidance to insurance companies regarding complex and high-value claims. Their main role is to evaluate the validity of claims, investigate the circumstances surrounding the claim, and determine the appropriate course of action. Senior claim counsels review policy provisions, interpret insurance laws, and assess potential liabilities. They collaborate with internal teams, such as underwriters and claims adjusters, to gather relevant information and develop strategies for claim resolution. They also negotiate settlements with claimants or their legal representatives, ensuring that all parties are treated fairly and in accordance with the law.

Skills: Senior Claim Counsel, Insurance Claims, Legal Advice, Claim Resolution, Insurance Laws, Settlement Negotiation.
Job industry: Legal

How much does Senior Claim Counsel make?

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


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Salary comparison to National average

Is Senior Claim Counsel a well paid job?

Yes, our data show that Senior Claim Counsel is a very well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Senior Claim Counsel?

High salary for Senior Claim Counsel would be somewhere between 24,880,367 ISK and 32,796,847 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Senior Claim Counsel 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: 22,618,515 ISK
Estimated Monthly Salary: 1,884,876 ISK
Estimated Weekly Salary: 434,971 ISK per week
Estimated Hourly Salary: 10,874 ISK per hour
By working as Senior Claim Counsel a person can save up to 10,481 USD per month or 125,775 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 Senior Claim Counsel

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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