Safety And Risk Manager Insurance salary in Nigeria

Average Yearly Salary of Safety And Risk Manager Insurance in Nigeria is approximately 7,146,775 NGN (8,508 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

How much does Safety And Risk Manager Insurance make?

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


Want to check how your salary compares? Submit your own salary here

Salary comparison to National average

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 7,861,453 NGN and 10,362,824 NGN. However this is an estimation based on Gaussian Distribution.

How much can you save working as Safety And Risk Manager 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: 7,146,775 NGN
Estimated Monthly Salary: 595,565 NGN
Estimated Weekly Salary: 137,438 NGN per week
Estimated Hourly Salary: 3,436 NGN per hour
By working as Safety And Risk Manager Insurance a person can save up to 503 USD per month or 6,041 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 Safety And Risk Manager 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

Random salary:
Pattern marker (4,215,112 NGN per year, pre-tax.)
Environmental compliance specialist (4,965,004 NGN per year, pre-tax.)
Director of engineering (12,510,389 NGN per year, pre-tax.)
Environmental supervisor (2,021,051 NGN per year, pre-tax.)
Physical therapy supervisor (5,087,543 NGN per year, pre-tax.)

Feedback about these results