Home > Salary > Myanmar > 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: 17,520,750 MMK
Estimated Monthly Salary: 1,460,063 MMK
Estimated Weekly Salary: 336,938 MMK per week
Estimated Hourly Salary: 8,423 MMK per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 1,414,510 MMK
Estimated Weekly Salary: 326,425 MMK per week
Estimated Hourly Salary: 8,161 MMK per hour
Last revision of data: 2024-01-08
Estimated Yearly Salary: 7,663 USD
Estimated Monthly Salary: 639 USD
Estimated Weekly Salary: 147 USD per week
Estimated Hourly Salary: 4 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: 17,520,750 MMK
Estimated Monthly Salary: 1,460,063 MMK
Estimated Weekly Salary: 336,938 MMK per week
Estimated Hourly Salary: 8,423 MMK per hour
By working as Insurance Director a person can save up to 498 USD per month or 5,978 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 Myanmar, see costs of living in Myanmar.
Estimated Yearly Salary for Insurance Director
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
Law clerk (5,074,853 MMK per year, pre-tax.)
Inventory planner (9,656,918 MMK per year, pre-tax.)
Office manager (4,295,238 MMK per year, pre-tax.)
Real estate development project manager (10,972,540 MMK per year, pre-tax.)
Software librarian (5,856,131 MMK per year, pre-tax.)
Insurance Director salary in Myanmar
Average Yearly Salary of Insurance Director in Myanmar is approximately 17,520,750 MMK (7,663 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: 17,520,750 MMK
Estimated Monthly Salary: 1,460,063 MMK
Estimated Weekly Salary: 336,938 MMK per week
Estimated Hourly Salary: 8,423 MMK per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 16,974,114 MMKEstimated Monthly Salary: 1,414,510 MMK
Estimated Weekly Salary: 326,425 MMK per week
Estimated Hourly Salary: 8,161 MMK per hour
Last revision of data: 2024-01-08Insurance Director estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 7,663 USD
Estimated Monthly Salary: 639 USD
Estimated Weekly Salary: 147 USD per week
Estimated Hourly Salary: 4 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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Salary comparison to National average
Myanmar, also known as Burma, is a country located in Southeast Asia. With a population of approximately 54 million people, it is the 26th most populous country in the world. The nation covers an area of around 676,578 square kilometers, making it the 40th largest country in terms of land area.
Estimated national average yearly salary is 7,363,980 MMK (3,510 USD). Value indicated is pre-tax. Below graph shows estimated Insurance Director job salary compared to average salary in Myanmar.
Comparison shows that a person working as Insurance Director in Myanmar earns on average:
2.38 times the average salary (or 238% of average salary).
Estimated national average yearly salary is 7,363,980 MMK (3,510 USD). Value indicated is pre-tax. Below graph shows estimated Insurance Director job salary compared to average salary in Myanmar.
Comparison shows that a person working as Insurance Director in Myanmar earns on average:
2.38 times the average salary (or 238% of average salary).
Is Insurance Director a well paid job?
Yes, our data show that Insurance Director 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 Insurance Director?
High salary for Insurance Director would be somewhere between 19,272,825 MMK and 25,405,088 MMK. However this is an estimation based on Gaussian Distribution.How much can you save working as Insurance Director in Myanmar?
Living in Myanmar the approximate monthly expenses are: 140 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: 17,520,750 MMK
Estimated Monthly Salary: 1,460,063 MMK
Estimated Weekly Salary: 336,938 MMK per week
Estimated Hourly Salary: 8,423 MMK per hour
By working as Insurance Director a person can save up to 498 USD per month or 5,978 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 Myanmar, see costs of living in Myanmar.
Salary comparison to region and neighbouring coutries
Country's neighbours are: India, Bangladesh, China, Laos, Thailand. 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
India is 48,981 USD
Bangladesh is 6,182 USD
China is 28,029 USD
Thailand is 15,807 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 Myanmar
(83,862,518 MMK per year, pre-tax.)
2. Cardiologist
(69,987,991 MMK per year, pre-tax.)
(67,281,160 MMK per year, pre-tax.)
(65,258,796 MMK per year, pre-tax.)
5. Neurosurgeon
(65,192,663 MMK per year, pre-tax.)
(63,906,515 MMK per year, pre-tax.)
(63,864,729 MMK per year, pre-tax.)
8. Oncologist
(63,598,524 MMK per year, pre-tax.)
9. Urologist
(63,573,880 MMK per year, pre-tax.)
10. Dermatologist
(63,550,989 MMK per year, pre-tax.)
Data as of 2025Random salary:
Law clerk (5,074,853 MMK per year, pre-tax.)
Inventory planner (9,656,918 MMK per year, pre-tax.)
Office manager (4,295,238 MMK per year, pre-tax.)
Real estate development project manager (10,972,540 MMK per year, pre-tax.)
Software librarian (5,856,131 MMK per year, pre-tax.)
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