Home > Salary > Philippines > Insurance Contract Specialist
An insurance contract specialist is responsible for reviewing and analyzing insurance policies and contracts to ensure accuracy and compliance with regulatory requirements. They assess risk factors, terms, and conditions, and make recommendations for policy changes or enhancements. They also collaborate with underwriters and claims adjusters to resolve any discrepancies or issues that may arise during the policy lifecycle. Additionally, they provide guidance and support to clients regarding policy coverage, claims procedures, and policy renewals.
Estimated Yearly Salary: 209,053 PHP
Estimated Monthly Salary: 17,421 PHP
Estimated Weekly Salary: 4,020 PHP per week
Estimated Hourly Salary: 101 PHP per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 16,790 PHP
Estimated Weekly Salary: 3,875 PHP per week
Estimated Hourly Salary: 97 PHP per hour
Last revision of data: 2024-01-05
Estimated Yearly Salary: 3,466 USD
Estimated Monthly Salary: 289 USD
Estimated Weekly Salary: 67 USD per week
Estimated Hourly Salary: 2 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: 209,053 PHP
Estimated Monthly Salary: 17,421 PHP
Estimated Weekly Salary: 4,020 PHP per week
Estimated Hourly Salary: 101 PHP per hour
By working as Insurance Contract Specialist a person can save up to 131 USD per month or 1,570 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 Philippines, see costs of living in Philippines.
Estimated Yearly Salary for Insurance Contract Specialist
Last revision of data: 2025-01-04
Data as of 2025
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Insurance Contract Specialist salary in Philippines
Average Yearly Salary of Insurance Contract Specialist in Philippines is approximately 209,053 PHP (3,466 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 Contract Specialist do?
An insurance contract specialist is responsible for reviewing and analyzing insurance policies and contracts to ensure accuracy and compliance with regulatory requirements. They assess risk factors, terms, and conditions, and make recommendations for policy changes or enhancements. They also collaborate with underwriters and claims adjusters to resolve any discrepancies or issues that may arise during the policy lifecycle. Additionally, they provide guidance and support to clients regarding policy coverage, claims procedures, and policy renewals.
Skills: insurance, contract specialist, risk assessment, policy analysis, compliance, claims processing
Job industry: Insurance
Job industry: Insurance
How much does Insurance Contract Specialist make?
Salary details
How much does Insurance Contract Specialist make?Estimated Yearly Salary: 209,053 PHP
Estimated Monthly Salary: 17,421 PHP
Estimated Weekly Salary: 4,020 PHP per week
Estimated Hourly Salary: 101 PHP per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 201,480 PHPEstimated Monthly Salary: 16,790 PHP
Estimated Weekly Salary: 3,875 PHP per week
Estimated Hourly Salary: 97 PHP per hour
Last revision of data: 2024-01-05Insurance Contract Specialist estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 3,466 USD
Estimated Monthly Salary: 289 USD
Estimated Weekly Salary: 67 USD per week
Estimated Hourly Salary: 2 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
The Philippines is an archipelagic country located in Southeast Asia. It is composed of more than 7,000 islands and has a total land area of approximately 300,000 square kilometers. The population of the Philippines is around 110 million people, making it the 13th most populous country in the world. The capital city is Manila, which is one of the most densely populated cities globally.
Estimated national average yearly salary is 218,988 PHP (3,950 USD). Value indicated is pre-tax. Below graph shows estimated Insurance Contract Specialist job salary compared to average salary in Philippines.
Comparison shows that a person working as Insurance Contract Specialist in Philippines earns on average:
0.95 times the average salary (or 95% of average salary).
Estimated national average yearly salary is 218,988 PHP (3,950 USD). Value indicated is pre-tax. Below graph shows estimated Insurance Contract Specialist job salary compared to average salary in Philippines.
Comparison shows that a person working as Insurance Contract Specialist in Philippines earns on average:
0.95 times the average salary (or 95% of average salary).
Is Insurance Contract Specialist a well paid job?
Yes, our data show that Insurance Contract Specialist 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 Insurance Contract Specialist?
High salary for Insurance Contract Specialist would be somewhere between 229,958 PHP and 303,127 PHP. However this is an estimation based on Gaussian Distribution.How much can you save working as Insurance Contract Specialist in Philippines?
Living in Philippines the approximate monthly expenses are: 158 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: 209,053 PHP
Estimated Monthly Salary: 17,421 PHP
Estimated Weekly Salary: 4,020 PHP per week
Estimated Hourly Salary: 101 PHP per hour
By working as Insurance Contract Specialist a person can save up to 131 USD per month or 1,570 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 Philippines, see costs of living in Philippines.
Salary comparison to region and neighbouring coutries
Country's neighbours are: China, Taiwan, Vietnam, Malaysia, Indonesia, Brunei.. 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 Contract Specialist
China is 11,285 USD
Vietnam is 3,518 USD
Malaysia is 15,630 USD
Indonesia is 9,292 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 Philippines
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Data as of 2025Random salary:
Assistant production manager (203,687 PHP per year, pre-tax.)
Creative manager advertising (315,180 PHP per year, pre-tax.)
Branch manager staffing firm (192,709 PHP per year, pre-tax.)
Fire fighter (224,760 PHP per year, pre-tax.)
Food batchmaker (98,659 PHP per year, pre-tax.)
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