Research Analyst Insurance salary in Nigeria

Average Yearly Salary of Research Analyst Insurance in Nigeria is approximately 4,363,091 NGN (5,203 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 Research Analyst Insurance do?

A research analyst in insurance is responsible for conducting extensive research and analysis on various aspects of the insurance industry. They gather data, analyze market trends, and evaluate the performance of insurance products and companies. Their primary goal is to provide insights and recommendations that enable insurance companies to make informed decisions regarding pricing, risk assessment, and product development. Research analysts also monitor regulatory changes, competitor activities, and customer preferences to identify potential opportunities or threats. Strong analytical skills, attention to detail, and proficiency in data analysis tools are crucial for this role. Effective communication and presentation skills are also necessary to communicate findings and recommendations to key stakeholders.

Skills: research analyst, insurance industry, data analysis, market trends, risk assessment, product development.
Job industry: Insurance

How much does Research Analyst Insurance make?

Difference in salary year over year or average salary increase is approximately 4 %


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Salary comparison to National average

Is Research Analyst Insurance a well paid job?

Yes, our data show that Research Analyst Insurance 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 Research Analyst Insurance?

High salary for Research Analyst Insurance would be somewhere between 4,799,400 NGN and 6,326,482 NGN. However this is an estimation based on Gaussian Distribution.

How much can you save working as Research Analyst Insurance 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: 4,363,091 NGN
Estimated Monthly Salary: 363,591 NGN
Estimated Weekly Salary: 83,906 NGN per week
Estimated Hourly Salary: 2,098 NGN per hour
By working as Research Analyst Insurance a person can save up to 228 USD per month or 2,736 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 Research Analyst Insurance

Last revision of data: 2025-01-04

Salary 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 increase

NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

Top 10 highest salaries in Nigeria

Data as of 2025

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