Home > Salary > Nigeria > Insurance Claims Analyst
An insurance claims analyst is responsible for evaluating and processing insurance claims to determine coverage and settlement amounts. They review policy terms, investigate the circumstances of the claim, and gather necessary documentation to make informed decisions. Insurance claims analysts analyze the validity of claims, assess damage or loss, and negotiate settlements with policyholders or third-party claimants. They collaborate with adjusters, legal teams, and other professionals to ensure accurate and timely claim resolution. Additionally, they may conduct interviews, inspect damaged property, and assess liability to determine the appropriate course of action. Strong analytical skills, attention to detail, and knowledge of insurance policies and regulations are essential for success in this role.
Estimated Yearly Salary: 4,714,901 NGN
Estimated Monthly Salary: 392,908 NGN
Estimated Weekly Salary: 90,671 NGN per week
Estimated Hourly Salary: 2,267 NGN per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 378,638 NGN
Estimated Weekly Salary: 87,378 NGN per week
Estimated Hourly Salary: 2,184 NGN per hour
Last revision of data: 2024-01-06
Estimated Yearly Salary: 5,645 USD
Estimated Monthly Salary: 470 USD
Estimated Weekly Salary: 109 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: 4,714,901 NGN
Estimated Monthly Salary: 392,908 NGN
Estimated Weekly Salary: 90,671 NGN per week
Estimated Hourly Salary: 2,267 NGN per hour
By working as Insurance Claims Analyst a person can save up to 265 USD per month or 3,178 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 Insurance Claims Analyst
Last revision of data: 2025-01-04
Data as of 2025
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Insurance Claims Analyst salary in Nigeria
Average Yearly Salary of Insurance Claims Analyst in Nigeria is approximately 4,714,901 NGN (5,645 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 Claims Analyst do?
An insurance claims analyst is responsible for evaluating and processing insurance claims to determine coverage and settlement amounts. They review policy terms, investigate the circumstances of the claim, and gather necessary documentation to make informed decisions. Insurance claims analysts analyze the validity of claims, assess damage or loss, and negotiate settlements with policyholders or third-party claimants. They collaborate with adjusters, legal teams, and other professionals to ensure accurate and timely claim resolution. Additionally, they may conduct interviews, inspect damaged property, and assess liability to determine the appropriate course of action. Strong analytical skills, attention to detail, and knowledge of insurance policies and regulations are essential for success in this role.
Skills: Insurance claims, Claims analysis, Claim settlement, Policy evaluation, Loss assessment, Risk management.
Job industry: Insurance
Job industry: Insurance
How much does Insurance Claims Analyst make?
Salary details
How much does Insurance Claims Analyst make?Estimated Yearly Salary: 4,714,901 NGN
Estimated Monthly Salary: 392,908 NGN
Estimated Weekly Salary: 90,671 NGN per week
Estimated Hourly Salary: 2,267 NGN per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 4,543,660 NGNEstimated Monthly Salary: 378,638 NGN
Estimated Weekly Salary: 87,378 NGN per week
Estimated Hourly Salary: 2,184 NGN per hour
Last revision of data: 2024-01-06Insurance Claims Analyst estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 5,645 USD
Estimated Monthly Salary: 470 USD
Estimated Weekly Salary: 109 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
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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 Insurance Claims Analyst job salary compared to average salary in Nigeria.
Comparison shows that a person working as Insurance Claims Analyst in Nigeria earns on average:
1.2 times the average salary (or 120% 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 Insurance Claims Analyst job salary compared to average salary in Nigeria.
Comparison shows that a person working as Insurance Claims Analyst in Nigeria earns on average:
1.2 times the average salary (or 120% of average salary).
Is Insurance Claims Analyst a well paid job?
No / we do not have enough data to assess this.What is considered a high salary for Insurance Claims Analyst?
High salary for Insurance Claims Analyst would be somewhere between 5,186,391 NGN and 6,836,606 NGN. However this is an estimation based on Gaussian Distribution.How much can you save working as Insurance Claims Analyst 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: 4,714,901 NGN
Estimated Monthly Salary: 392,908 NGN
Estimated Weekly Salary: 90,671 NGN per week
Estimated Hourly Salary: 2,267 NGN per hour
By working as Insurance Claims Analyst a person can save up to 265 USD per month or 3,178 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 Insurance Claims Analyst
Cameroon is 1,816 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.)
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4. Neurosurgeon
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7. Oncologist
(34,169,925 NGN per year, pre-tax.)
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10. Plastic surgeon
(34,129,168 NGN per year, pre-tax.)
Data as of 2025Random salary:
Tire servicer (2,011,067 NGN per year, pre-tax.)
Educational specialist (3,549,484 NGN per year, pre-tax.)
Ciso (15,221,888 NGN per year, pre-tax.)
Assistant press operator (2,817,131 NGN per year, pre-tax.)
Fire prevention engineer (2,717,000 NGN per year, pre-tax.)
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