Home > Salary > Saudi Arabia > Insurance Director
An insurance director is a high-level executive responsible for overseeing the operations and strategic direction of an insurance company. They play a critical role in managing all aspects of the insurance business, including underwriting, claims, sales, marketing, and risk management. The insurance director sets goals, formulates policies, and develops strategies to ensure the company's profitability and growth. They collaborate with other departments to evaluate risks, design insurance products, and create pricing models. Additionally, they monitor industry trends, regulatory changes, and competitive landscapes to make informed decisions and stay ahead of the market. Strong leadership, analytical skills, and extensive knowledge of insurance principles are essential for success in this role.
Estimated Yearly Salary: 240,664 SAR
Estimated Monthly Salary: 20,055 SAR
Estimated Weekly Salary: 4,628 SAR per week
Estimated Hourly Salary: 116 SAR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 19,447 SAR
Estimated Weekly Salary: 4,488 SAR per week
Estimated Hourly Salary: 112 SAR per hour
Last revision of data: 2024-01-03
Estimated Yearly Salary: 60,363 USD
Estimated Monthly Salary: 5,030 USD
Estimated Weekly Salary: 1,161 USD per week
Estimated Hourly Salary: 29 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %
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: 240,664 SAR
Estimated Monthly Salary: 20,055 SAR
Estimated Weekly Salary: 4,628 SAR per week
Estimated Hourly Salary: 116 SAR per hour
By working as Insurance Director a person can save up to 3,927 USD per month or 47,120 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 Saudi Arabia, see costs of living in Saudi Arabia.
Estimated Yearly Salary for Insurance Director
Last revision of data: 2025-01-04
Data as of 2025
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Insurance Director salary in Saudi Arabia
Average Yearly Salary of Insurance Director in Saudi Arabia is approximately 240,664 SAR (60,363 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 Director do?
An insurance director is a high-level executive responsible for overseeing the operations and strategic direction of an insurance company. They play a critical role in managing all aspects of the insurance business, including underwriting, claims, sales, marketing, and risk management. The insurance director sets goals, formulates policies, and develops strategies to ensure the company's profitability and growth. They collaborate with other departments to evaluate risks, design insurance products, and create pricing models. Additionally, they monitor industry trends, regulatory changes, and competitive landscapes to make informed decisions and stay ahead of the market. Strong leadership, analytical skills, and extensive knowledge of insurance principles are essential for success in this role.
Skills: Insurance director, Executive role, Strategic planning, Risk management, Profitability, Leadership
Job industry: Insurance
Job industry: Insurance
How much does Insurance Director make?
Salary details
How much does Insurance Director make?Estimated Yearly Salary: 240,664 SAR
Estimated Monthly Salary: 20,055 SAR
Estimated Weekly Salary: 4,628 SAR per week
Estimated Hourly Salary: 116 SAR per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 233,368 SAREstimated Monthly Salary: 19,447 SAR
Estimated Weekly Salary: 4,488 SAR per week
Estimated Hourly Salary: 112 SAR per hour
Last revision of data: 2024-01-03Insurance Director estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 60,363 USD
Estimated Monthly Salary: 5,030 USD
Estimated Weekly Salary: 1,161 USD per week
Estimated Hourly Salary: 29 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %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
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Salary comparison to National average
Saudi Arabia, officially known as the Kingdom of Saudi Arabia, is a country located in the Middle East. With a population of approximately 34 million people, it is the 40th most populous country in the world. The nation covers an area of about 2.15 million square kilometers, making it the 13th largest country globally. Saudi Arabia is bordered by Jordan and Iraq to the north, Kuwait to the northeast, Qatar, Bahrain, and the United Arab Emirates to the east, Oman to the southeast, and Yemen to the south.
Estimated national average yearly salary is 103,462 SAR (27,590 USD). Value indicated is pre-tax. Below graph shows estimated Insurance Director job salary compared to average salary in Saudi Arabia.
Comparison shows that a person working as Insurance Director in Saudi Arabia earns on average:
2.33 times the average salary (or 233% of average salary).
Estimated national average yearly salary is 103,462 SAR (27,590 USD). Value indicated is pre-tax. Below graph shows estimated Insurance Director job salary compared to average salary in Saudi Arabia.
Comparison shows that a person working as Insurance Director in Saudi Arabia earns on average:
2.33 times the average salary (or 233% of average salary).
Is Insurance Director a well paid job?
Yes, our data show that Insurance Director is a very well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.What is considered a high salary for Insurance Director?
High salary for Insurance Director would be somewhere between 264,730 SAR and 348,963 SAR. However this is an estimation based on Gaussian Distribution.How much can you save working as Insurance Director in Saudi Arabia?
Living in Saudi Arabia the approximate monthly expenses are: 1,104 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: 240,664 SAR
Estimated Monthly Salary: 20,055 SAR
Estimated Weekly Salary: 4,628 SAR per week
Estimated Hourly Salary: 116 SAR per hour
By working as Insurance Director a person can save up to 3,927 USD per month or 47,120 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 Saudi Arabia, see costs of living in Saudi Arabia.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Jordan, Iraq, Kuwait, Qatar, Bahrain, United Arab Emirates, Oman, Yemen. 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 Director
Jordan is 20,774 USD
Iraq is 13,173 USD
Kuwait is 29,291 USD
Qatar is 154,435 USD
Bahrain is 39,116 USD
United Arab Emirates is 106,947 USD
Oman is 19,850 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 Saudi Arabia
(1,155,796 SAR per year, pre-tax.)
2. Cardiologist
(962,048 SAR per year, pre-tax.)
(923,476 SAR per year, pre-tax.)
4. Neurosurgeon
(900,367 SAR per year, pre-tax.)
(897,041 SAR per year, pre-tax.)
(877,388 SAR per year, pre-tax.)
(874,133 SAR per year, pre-tax.)
(873,498 SAR per year, pre-tax.)
9. Urologist
(873,306 SAR per year, pre-tax.)
(872,951 SAR per year, pre-tax.)
Data as of 2025Random salary:
Lymphedema therapist (158,517 SAR per year, pre-tax.)
Cad modeler (139,916 SAR per year, pre-tax.)
Junior project manager (unspecified type general) (85,936 SAR per year, pre-tax.)
Dog kennel owner (104,576 SAR per year, pre-tax.)
Sourcing manager manufacturing (154,159 SAR per year, pre-tax.)
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