Home > Salary > Nigeria > Account Manager Commercial Lines
An Account Manager in the commercial lines sector is responsible for managing a portfolio of clients and their insurance needs. They work closely with businesses to identify their insurance requirements, provide advice on coverage options, and negotiate contracts with insurance carriers. The primary goal of an Account Manager is to ensure that clients have appropriate coverage to protect their assets and mitigate risks. This involves conducting risk assessments, analyzing policies, and making recommendations for adjustments or additional coverage as needed. Account Managers also handle policy renewals, claims management, and assist clients in navigating complex insurance procedures. Excellent communication and relationship-building skills are essential for success in this role, as Account Managers must establish strong relationships with clients and insurance carriers to effectively meet their needs.
Estimated Yearly Salary: 4,512,257 NGN
Estimated Monthly Salary: 376,021 NGN
Estimated Weekly Salary: 86,774 NGN per week
Estimated Hourly Salary: 2,169 NGN per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 362,963 NGN
Estimated Weekly Salary: 83,761 NGN per week
Estimated Hourly Salary: 2,094 NGN per hour
Last revision of data: 2024-01-05
Estimated Yearly Salary: 5,380 USD
Estimated Monthly Salary: 448 USD
Estimated Weekly Salary: 103 USD per week
Estimated Hourly Salary: 3 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: 4,512,257 NGN
Estimated Monthly Salary: 376,021 NGN
Estimated Weekly Salary: 86,774 NGN per week
Estimated Hourly Salary: 2,169 NGN per hour
By working as Account Manager Commercial Lines a person can save up to 243 USD per month or 2,913 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 Nigeria, see costs of living in Nigeria.
Estimated Yearly Salary for Account Manager Commercial Lines
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
Meat department supervisor (2,997,035 NGN per year, pre-tax.)
Team trainer (1,010,864 NGN per year, pre-tax.)
Warehouse manager (3,904,739 NGN per year, pre-tax.)
English translator (1,916,642 NGN per year, pre-tax.)
Unix system administrator (6,681,339 NGN per year, pre-tax.)
Account Manager Commercial Lines salary in Nigeria
Average Yearly Salary of Account Manager Commercial Lines in Nigeria is approximately 4,512,257 NGN (5,380 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 Account Manager Commercial Lines do?
An Account Manager in the commercial lines sector is responsible for managing a portfolio of clients and their insurance needs. They work closely with businesses to identify their insurance requirements, provide advice on coverage options, and negotiate contracts with insurance carriers. The primary goal of an Account Manager is to ensure that clients have appropriate coverage to protect their assets and mitigate risks. This involves conducting risk assessments, analyzing policies, and making recommendations for adjustments or additional coverage as needed. Account Managers also handle policy renewals, claims management, and assist clients in navigating complex insurance procedures. Excellent communication and relationship-building skills are essential for success in this role, as Account Managers must establish strong relationships with clients and insurance carriers to effectively meet their needs.
Skills: Account Manager, Commercial Lines, Insurance, Risk Management, Client Relations, Policy Renewal.
Job industry: Insurance
Job industry: Insurance
How much does Account Manager Commercial Lines make?
Salary details
How much does Account Manager Commercial Lines make?Estimated Yearly Salary: 4,512,257 NGN
Estimated Monthly Salary: 376,021 NGN
Estimated Weekly Salary: 86,774 NGN per week
Estimated Hourly Salary: 2,169 NGN per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 4,355,560 NGNEstimated Monthly Salary: 362,963 NGN
Estimated Weekly Salary: 83,761 NGN per week
Estimated Hourly Salary: 2,094 NGN per hour
Last revision of data: 2024-01-05Account Manager Commercial Lines estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 5,380 USD
Estimated Monthly Salary: 448 USD
Estimated Weekly Salary: 103 USD per week
Estimated Hourly Salary: 3 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
Compare salary to other countries
Please type in your occupation and select desired country to see latest trends in salaries.
Country:
Salary comparison to National average
Nigeria is a country located in West Africa. It is the most populous country on the African continent, with a population of over 200 million people. The country covers an area of about 923,768 square kilometers, making it the 32nd largest country in the world. Nigeria shares borders with Niger, Chad, Cameroon, and Benin.
Estimated national average yearly salary is 3,943,871 NGN (5,140 USD). Value indicated is pre-tax. Below graph shows estimated Account Manager Commercial Lines job salary compared to average salary in Nigeria.
Comparison shows that a person working as Account Manager Commercial Lines in Nigeria earns on average:
1.14 times the average salary (or 114% of average salary).
Estimated national average yearly salary is 3,943,871 NGN (5,140 USD). Value indicated is pre-tax. Below graph shows estimated Account Manager Commercial Lines job salary compared to average salary in Nigeria.
Comparison shows that a person working as Account Manager Commercial Lines in Nigeria earns on average:
1.14 times the average salary (or 114% of average salary).
Is Account Manager Commercial Lines a well paid job?
Yes, our data show that Account Manager Commercial Lines is an averagely well paid job that still allows for some yearly savings. With years and experience the salary might increase even further, resulting in higher satisfaction.What is considered a high salary for Account Manager Commercial Lines?
High salary for Account Manager Commercial Lines would be somewhere between 4,963,483 NGN and 6,542,773 NGN. However this is an estimation based on Gaussian Distribution.How much can you save working as Account Manager Commercial Lines in Nigeria?
Living in Nigeria the approximate monthly expenses are: 206 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: 4,512,257 NGN
Estimated Monthly Salary: 376,021 NGN
Estimated Weekly Salary: 86,774 NGN per week
Estimated Hourly Salary: 2,169 NGN per hour
By working as Account Manager Commercial Lines a person can save up to 243 USD per month or 2,913 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 Nigeria, see costs of living in Nigeria.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Niger, Chad, Cameroon, Benin. To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).Estimated Yearly Salary for Account Manager Commercial Lines
Cameroon is 1,742 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 Nigeria
(44,763,887 NGN per year, pre-tax.)
2. Cardiologist
(37,279,896 NGN per year, pre-tax.)
(36,135,019 NGN per year, pre-tax.)
4. Neurosurgeon
(35,033,176 NGN per year, pre-tax.)
(35,006,913 NGN per year, pre-tax.)
(34,175,491 NGN per year, pre-tax.)
7. Oncologist
(34,169,925 NGN per year, pre-tax.)
(34,162,253 NGN per year, pre-tax.)
(34,132,586 NGN per year, pre-tax.)
10. Plastic surgeon
(34,129,168 NGN per year, pre-tax.)
Data as of 2025Random salary:
Meat department supervisor (2,997,035 NGN per year, pre-tax.)
Team trainer (1,010,864 NGN per year, pre-tax.)
Warehouse manager (3,904,739 NGN per year, pre-tax.)
English translator (1,916,642 NGN per year, pre-tax.)
Unix system administrator (6,681,339 NGN per year, pre-tax.)
Feedback about these results
Please provide feedback by clicking buttons below if you find any of our salaries erroneous.
Link to this graph - use the following code to display the salary graph on your page:
<a href='https://optisalary.com/salary?country=nigeria&job=account-manager-commercial-lines'><img src='https://optisalary.com/wp-content/graphs/salary/account-manager-commercial-lines-salary-in-nigeria-2025.jpg' alt='account manager commercial lines salary in nigeria 2025' title='account manager commercial lines salary in nigeria 2025' /></a>
Please note:Salary information displayed on this site is informational only.
The salary figures presented here are meant for reference purposes solely. While we attempt to ensure accuracy, we cannot guarantee all figures is flawless. Users should to research salary details with independent authorities before making important career decisions. Salary ranges can change due to negotiation, industry trends, and location. We deny responsibility for inaccuracies in the salary data displayed.
Salary details displayed on optisalary.com are intended for reference purposes exclusively. Our data comes from various inputs and may not always be up to date. Users must verify salary information through other means before making employment commitments. The figures shown here may fluctuate due to variables such as location, industry standards, and individual skill sets. We cannot guarantee that the information provided is error-free. By accessing optisalary.com, you accept that salary information is presented 'as is' and without warranties.