Home > Salary > Malaysia > Claims Manager Insurance
A claims manager in the insurance industry is responsible for overseeing and managing the entire claims process. They play a crucial role in ensuring that policyholders receive fair and timely settlements for their claims. The occupation involves analyzing insurance policies, investigating claims, evaluating damages, and negotiating settlements with claimants. Claims managers work closely with adjusters, lawyers, and other professionals to gather necessary information, review documentation, and make informed decisions regarding claim settlements. They also handle customer inquiries, resolve disputes, and ensure compliance with legal and regulatory requirements.
Estimated Yearly Salary: 148,284 MYR
Estimated Monthly Salary: 12,357 MYR
Estimated Weekly Salary: 2,852 MYR per week
Estimated Hourly Salary: 71 MYR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 11,951 MYR
Estimated Weekly Salary: 2,758 MYR per week
Estimated Hourly Salary: 69 MYR per hour
Last revision of data: 2024-01-07
Estimated Yearly Salary: 29,739 USD
Estimated Monthly Salary: 2,478 USD
Estimated Weekly Salary: 572 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: 148,284 MYR
Estimated Monthly Salary: 12,357 MYR
Estimated Weekly Salary: 2,852 MYR per week
Estimated Hourly Salary: 71 MYR per hour
By working as Claims Manager Insurance a person can save up to 1,767 USD per month or 21,205 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 Malaysia, see costs of living in Malaysia.
Estimated Yearly Salary for Claims Manager Insurance
Last revision of data: 2025-01-04
Data as of 2025
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Claims Manager Insurance salary in Malaysia
Average Yearly Salary of Claims Manager Insurance in Malaysia is approximately 148,284 MYR (29,739 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 Claims Manager Insurance do?
A claims manager in the insurance industry is responsible for overseeing and managing the entire claims process. They play a crucial role in ensuring that policyholders receive fair and timely settlements for their claims. The occupation involves analyzing insurance policies, investigating claims, evaluating damages, and negotiating settlements with claimants. Claims managers work closely with adjusters, lawyers, and other professionals to gather necessary information, review documentation, and make informed decisions regarding claim settlements. They also handle customer inquiries, resolve disputes, and ensure compliance with legal and regulatory requirements.
Skills: Claims management, Insurance claims, Claims processing, Settlement negotiation, Policy analysis, Customer service.
Job industry: Insurance
Job industry: Insurance
How much does Claims Manager Insurance make?
Salary details
How much does Claims Manager Insurance make?Estimated Yearly Salary: 148,284 MYR
Estimated Monthly Salary: 12,357 MYR
Estimated Weekly Salary: 2,852 MYR per week
Estimated Hourly Salary: 71 MYR per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 143,415 MYREstimated Monthly Salary: 11,951 MYR
Estimated Weekly Salary: 2,758 MYR per week
Estimated Hourly Salary: 69 MYR per hour
Last revision of data: 2024-01-07Claims Manager Insurance estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 29,739 USD
Estimated Monthly Salary: 2,478 USD
Estimated Weekly Salary: 572 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
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Country:
Salary comparison to National average
Malaysia is a Southeast Asian country located on the Malay Peninsula and the island of Borneo. It has a diverse population consisting of various ethnic groups, including Malays, Chinese, Indians, and indigenous tribes. Malaysia has an estimated population of around 32 million people. The country covers an area of approximately 330,803 square kilometers, making it the 66th largest country in the world.
Estimated national average yearly salary is 78,260 MYR (17,780 USD). Value indicated is pre-tax. Below graph shows estimated Claims Manager Insurance job salary compared to average salary in Malaysia.
Comparison shows that a person working as Claims Manager Insurance in Malaysia earns on average:
1.89 times the average salary (or 189% of average salary).
Estimated national average yearly salary is 78,260 MYR (17,780 USD). Value indicated is pre-tax. Below graph shows estimated Claims Manager Insurance job salary compared to average salary in Malaysia.
Comparison shows that a person working as Claims Manager Insurance in Malaysia earns on average:
1.89 times the average salary (or 189% of average salary).
Is Claims Manager Insurance a well paid job?
Yes, our data shows that Claims Manager Insurance 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 Claims Manager Insurance?
High salary for Claims Manager Insurance would be somewhere between 163,112 MYR and 215,012 MYR. However this is an estimation based on Gaussian Distribution.How much can you save working as Claims Manager Insurance in Malaysia?
Living in Malaysia the approximate monthly expenses are: 711 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: 148,284 MYR
Estimated Monthly Salary: 12,357 MYR
Estimated Weekly Salary: 2,852 MYR per week
Estimated Hourly Salary: 71 MYR per hour
By working as Claims Manager Insurance a person can save up to 1,767 USD per month or 21,205 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 Malaysia, see costs of living in Malaysia.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Thailand, Indonesia, Singapore, Brunei, Vietnam, Philippines. To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).Estimated Yearly Salary for Claims Manager Insurance
Thailand is 12,035 USD
Indonesia is 17,608 USD
Singapore is 111,952 USD
Brunei is 52,350 USD
Vietnam is 6,702 USD
Philippines is 6,619 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 Malaysia
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Data as of 2025Random salary:
Postal service mail sorter processor or processing machine operator (62,254 MYR per year, pre-tax.)
Vendor management associate (107,560 MYR per year, pre-tax.)
Elderlydisabled services coordinator (38,033 MYR per year, pre-tax.)
Warehousing manager (60,080 MYR per year, pre-tax.)
Manager medical lab (106,712 MYR per year, pre-tax.)
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Salary details presented on optisalary.com are intended for reference use exclusively. Our data comes from multiple sources and may not always be up to date. Users must verify salary information through other means before making employment decisions. The figures shown here may fluctuate due to variables such as location, industry standards, and individual skill sets. We do not warrant that the data displayed is error-free. By using optisalary.com, you agree that salary information is presented 'as is' and without assurances.