Home > Salary > Kuwait > Insurance Director
An insurance director is a high-level executive responsible for overseeing the operations and strategic direction of an insurance company. They play a critical role in managing all aspects of the insurance business, including underwriting, claims, sales, marketing, and risk management. The insurance director sets goals, formulates policies, and develops strategies to ensure the company's profitability and growth. They collaborate with other departments to evaluate risks, design insurance products, and create pricing models. Additionally, they monitor industry trends, regulatory changes, and competitive landscapes to make informed decisions and stay ahead of the market. Strong leadership, analytical skills, and extensive knowledge of insurance principles are essential for success in this role.
Estimated Yearly Salary: 87,305 KWD
Estimated Monthly Salary: 7,275 KWD
Estimated Weekly Salary: 1,679 KWD per week
Estimated Hourly Salary: 42 KWD per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 7,049 KWD
Estimated Weekly Salary: 1,627 KWD per week
Estimated Hourly Salary: 41 KWD per hour
Last revision of data: 2024-02-06
Estimated Yearly Salary: 29,291 USD
Estimated Monthly Salary: 2,441 USD
Estimated Weekly Salary: 563 USD per week
Estimated Hourly Salary: 14 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %
Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Estimated Yearly Salary: 87,305 KWD
Estimated Monthly Salary: 7,275 KWD
Estimated Weekly Salary: 1,679 KWD per week
Estimated Hourly Salary: 42 KWD per hour
By working as Insurance Director a person can save up to 841 USD per month or 10,091 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 Kuwait, see costs of living in Kuwait.
Estimated Yearly Salary for Insurance Director
Last revision of data: 2025-01-04
Data as of 2025
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Insurance Director salary in Kuwait
Average Yearly Salary of Insurance Director in Kuwait is approximately 87,305 KWD (29,291 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 Director do?
An insurance director is a high-level executive responsible for overseeing the operations and strategic direction of an insurance company. They play a critical role in managing all aspects of the insurance business, including underwriting, claims, sales, marketing, and risk management. The insurance director sets goals, formulates policies, and develops strategies to ensure the company's profitability and growth. They collaborate with other departments to evaluate risks, design insurance products, and create pricing models. Additionally, they monitor industry trends, regulatory changes, and competitive landscapes to make informed decisions and stay ahead of the market. Strong leadership, analytical skills, and extensive knowledge of insurance principles are essential for success in this role.
Skills: Insurance director, Executive role, Strategic planning, Risk management, Profitability, Leadership
Job industry: Insurance
Job industry: Insurance
How much does Insurance Director make?
Salary details
How much does Insurance Director make?Estimated Yearly Salary: 87,305 KWD
Estimated Monthly Salary: 7,275 KWD
Estimated Weekly Salary: 1,679 KWD per week
Estimated Hourly Salary: 42 KWD per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 84,584 KWDEstimated Monthly Salary: 7,049 KWD
Estimated Weekly Salary: 1,627 KWD per week
Estimated Hourly Salary: 41 KWD per hour
Last revision of data: 2024-02-06Insurance Director estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 29,291 USD
Estimated Monthly Salary: 2,441 USD
Estimated Weekly Salary: 563 USD per week
Estimated Hourly Salary: 14 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %About these results
Data confidence is - relatively high Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Compare salary to other countries
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Country:
Salary comparison to National average
Kuwait is a small country located in the Middle East. It has a population of approximately 4 million people and covers an area of around 17,818 square kilometers. The country is bordered by Saudi Arabia to the south and Iraq to the north.
Estimated national average yearly salary is 12,300 KWD (40,000 USD). Value indicated is pre-tax. Below graph shows estimated Insurance Director job salary compared to average salary in Kuwait.
Comparison shows that a person working as Insurance Director in Kuwait earns on average:
7.1 times the average salary (or 710% of average salary).
Estimated national average yearly salary is 12,300 KWD (40,000 USD). Value indicated is pre-tax. Below graph shows estimated Insurance Director job salary compared to average salary in Kuwait.
Comparison shows that a person working as Insurance Director in Kuwait earns on average:
7.1 times the average salary (or 710% of average salary).
Is Insurance Director a well paid job?
Yes, our data shows that Insurance Director is an extremely 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 Director?
High salary for Insurance Director would be somewhere between 96,036 KWD and 126,592 KWD. However this is an estimation based on Gaussian Distribution.How much can you save working as Insurance Director in Kuwait?
Living in Kuwait the approximate monthly expenses are: 1,600 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: 87,305 KWD
Estimated Monthly Salary: 7,275 KWD
Estimated Weekly Salary: 1,679 KWD per week
Estimated Hourly Salary: 42 KWD per hour
By working as Insurance Director a person can save up to 841 USD per month or 10,091 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 Kuwait, see costs of living in Kuwait.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Saudi Arabia, Iraq. 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 Director
Saudi Arabia is 60,363 USD
Iraq is 13,173 USD
Last revision of data: 2025-01-04Salary 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 increaseTop 10 highest salaries in Kuwait
(419,012 KWD per year, pre-tax.)
2. Cardiologist
(348,639 KWD per year, pre-tax.)
(336,866 KWD per year, pre-tax.)
4. Neurosurgeon
(324,311 KWD per year, pre-tax.)
(324,112 KWD per year, pre-tax.)
(317,580 KWD per year, pre-tax.)
(317,445 KWD per year, pre-tax.)
(317,318 KWD per year, pre-tax.)
9. Urologist
(317,161 KWD per year, pre-tax.)
10. Plastic surgeon
(316,850 KWD per year, pre-tax.)
Data as of 2025Random salary:
Qa compliance manager (55,692 KWD per year, pre-tax.)
Chemical plant supervisor (59,332 KWD per year, pre-tax.)
Water meter repairer (32,823 KWD per year, pre-tax.)
Assistant press operator (25,288 KWD per year, pre-tax.)
Dance movement therapist (29,848 KWD per year, pre-tax.)
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Salary details displayed on optisalary.com are meant for informational purposes only. Our data is sourced through multiple inputs and may not necessarily be accurate. Users must cross-reference salary information independently before making financial decisions. The figures listed here may fluctuate due to factors such as company policies, experience levels, and demand shifts. We do not guarantee that the data provided is flawless. By accessing optisalary.com, you accept that salary information is presented 'as is' and without assurances.