Home > Salary > Malaysia > Safety And Risk Manager Insurance
A Safety and Risk Manager in the insurance industry is responsible for identifying, assessing, and minimizing potential risks and hazards within an organization. They develop and implement strategies to mitigate these risks, ensuring the safety of employees, clients, and assets. This occupation involves conducting risk assessments, developing safety protocols, and implementing loss prevention measures. Safety and Risk Managers also collaborate with insurance underwriters to assess the insurability of risks and negotiate insurance coverage terms. They may also investigate incidents or accidents and recommend corrective actions to prevent future occurrences. Effective communication and leadership skills are essential in this role, as Safety and Risk Managers often train employees on safety procedures and ensure compliance with regulations and industry standards.
Estimated Yearly Salary: 147,718 MYR
Estimated Monthly Salary: 12,310 MYR
Estimated Weekly Salary: 2,841 MYR per week
Estimated Hourly Salary: 71 MYR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 11,870 MYR
Estimated Weekly Salary: 2,739 MYR per week
Estimated Hourly Salary: 68 MYR per hour
Last revision of data: 2024-01-03
Estimated Yearly Salary: 29,386 USD
Estimated Monthly Salary: 2,449 USD
Estimated Weekly Salary: 565 USD per week
Estimated Hourly Salary: 14 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %
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: 147,718 MYR
Estimated Monthly Salary: 12,310 MYR
Estimated Weekly Salary: 2,841 MYR per week
Estimated Hourly Salary: 71 MYR per hour
By working as Safety And Risk Manager Insurance a person can save up to 1,738 USD per month or 20,852 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 Safety And Risk Manager Insurance
Last revision of data: 2025-01-04
Data as of 2025
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Safety And Risk Manager Insurance salary in Malaysia
Average Yearly Salary of Safety And Risk Manager Insurance in Malaysia is approximately 147,718 MYR (29,386 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 Safety And Risk Manager Insurance do?
A Safety and Risk Manager in the insurance industry is responsible for identifying, assessing, and minimizing potential risks and hazards within an organization. They develop and implement strategies to mitigate these risks, ensuring the safety of employees, clients, and assets. This occupation involves conducting risk assessments, developing safety protocols, and implementing loss prevention measures. Safety and Risk Managers also collaborate with insurance underwriters to assess the insurability of risks and negotiate insurance coverage terms. They may also investigate incidents or accidents and recommend corrective actions to prevent future occurrences. Effective communication and leadership skills are essential in this role, as Safety and Risk Managers often train employees on safety procedures and ensure compliance with regulations and industry standards.
Skills: Safety, Risk Management, Insurance, Loss Prevention, Occupational Health and Safety, Risk Assessment
Job industry: Insurance
Job industry: Insurance
How much does Safety And Risk Manager Insurance make?
Salary details
How much does Safety And Risk Manager Insurance make?Estimated Yearly Salary: 147,718 MYR
Estimated Monthly Salary: 12,310 MYR
Estimated Weekly Salary: 2,841 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: 142,445 MYREstimated Monthly Salary: 11,870 MYR
Estimated Weekly Salary: 2,739 MYR per week
Estimated Hourly Salary: 68 MYR per hour
Last revision of data: 2024-01-03Safety And Risk Manager Insurance estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 29,386 USD
Estimated Monthly Salary: 2,449 USD
Estimated Weekly Salary: 565 USD per week
Estimated Hourly Salary: 14 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %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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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 Safety And Risk Manager Insurance job salary compared to average salary in Malaysia.
Comparison shows that a person working as Safety And Risk 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 Safety And Risk Manager Insurance job salary compared to average salary in Malaysia.
Comparison shows that a person working as Safety And Risk Manager Insurance in Malaysia earns on average:
1.89 times the average salary (or 189% of average salary).
Is Safety And Risk Manager Insurance a well paid job?
Yes, our data shows that Safety And Risk 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 Safety And Risk Manager Insurance?
High salary for Safety And Risk Manager Insurance would be somewhere between 162,490 MYR and 214,191 MYR. However this is an estimation based on Gaussian Distribution.How much can you save working as Safety And Risk 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: 147,718 MYR
Estimated Monthly Salary: 12,310 MYR
Estimated Weekly Salary: 2,841 MYR per week
Estimated Hourly Salary: 71 MYR per hour
By working as Safety And Risk Manager Insurance a person can save up to 1,738 USD per month or 20,852 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 Safety And Risk Manager Insurance
Thailand is 11,992 USD
Indonesia is 17,577 USD
Singapore is 111,615 USD
Brunei is 52,242 USD
Vietnam is 6,640 USD
Philippines is 6,546 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
(927,752 MYR per year, pre-tax.)
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(770,656 MYR per year, pre-tax.)
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5. Neurosurgeon
(722,312 MYR per year, pre-tax.)
6. Urologist
(706,560 MYR per year, pre-tax.)
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10. Dermatologist
(703,305 MYR per year, pre-tax.)
Data as of 2025Random salary:
Real estate analyst (108,308 MYR per year, pre-tax.)
Importexport analyst (77,477 MYR per year, pre-tax.)
Harpist (176,335 MYR per year, pre-tax.)
Field engineer (110,465 MYR per year, pre-tax.)
Fleet mechanic (55,321 MYR per year, pre-tax.)
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