Home > Salary > Saudi Arabia > Insurance Rater
An insurance rater is responsible for evaluating and determining the appropriate premiums for insurance policies. They analyze various factors such as the applicant's age, health condition, occupation, and past claims history to assess the level of risk involved. Insurance raters use specialized software and databases to calculate premiums accurately and ensure compliance with industry regulations.
Their main duties include reviewing applications, collecting and verifying information, conducting risk assessments, and providing quotes to clients. They also collaborate with underwriters and insurance agents to resolve any discrepancies or issues that may arise during the rating process. Accuracy, attention to detail, and strong analytical skills are crucial in this role.
Estimated Yearly Salary: 82,409 SAR
Estimated Monthly Salary: 6,867 SAR
Estimated Weekly Salary: 1,585 SAR per week
Estimated Hourly Salary: 40 SAR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 6,616 SAR
Estimated Weekly Salary: 1,527 SAR per week
Estimated Hourly Salary: 38 SAR per hour
Last revision of data: 2024-01-05
Estimated Yearly Salary: 20,608 USD
Estimated Monthly Salary: 1,717 USD
Estimated Weekly Salary: 396 USD per week
Estimated Hourly Salary: 10 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: 82,409 SAR
Estimated Monthly Salary: 6,867 SAR
Estimated Weekly Salary: 1,585 SAR per week
Estimated Hourly Salary: 40 SAR per hour
By working as Insurance Rater a person can save up to 614 USD per month or 7,365 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 Rater
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
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Insurance Rater salary in Saudi Arabia
Average Yearly Salary of Insurance Rater in Saudi Arabia is approximately 82,409 SAR (20,608 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 Rater do?
An insurance rater is responsible for evaluating and determining the appropriate premiums for insurance policies. They analyze various factors such as the applicant's age, health condition, occupation, and past claims history to assess the level of risk involved. Insurance raters use specialized software and databases to calculate premiums accurately and ensure compliance with industry regulations.
Their main duties include reviewing applications, collecting and verifying information, conducting risk assessments, and providing quotes to clients. They also collaborate with underwriters and insurance agents to resolve any discrepancies or issues that may arise during the rating process. Accuracy, attention to detail, and strong analytical skills are crucial in this role.
Skills: Insurance, Rater, Premiums, Risk assessment, Underwriting, Analytical skills
Job industry: Insurance
Job industry: Insurance
How much does Insurance Rater make?
Salary details
How much does Insurance Rater make?Estimated Yearly Salary: 82,409 SAR
Estimated Monthly Salary: 6,867 SAR
Estimated Weekly Salary: 1,585 SAR per week
Estimated Hourly Salary: 40 SAR per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 79,392 SAREstimated Monthly Salary: 6,616 SAR
Estimated Weekly Salary: 1,527 SAR per week
Estimated Hourly Salary: 38 SAR per hour
Last revision of data: 2024-01-05Insurance Rater estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 20,608 USD
Estimated Monthly Salary: 1,717 USD
Estimated Weekly Salary: 396 USD per week
Estimated Hourly Salary: 10 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
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Country:
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 Rater job salary compared to average salary in Saudi Arabia.
Comparison shows that a person working as Insurance Rater in Saudi Arabia earns on average:
0.8 times the average salary (or 80% 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 Rater job salary compared to average salary in Saudi Arabia.
Comparison shows that a person working as Insurance Rater in Saudi Arabia earns on average:
0.8 times the average salary (or 80% of average salary).
Is Insurance Rater a well paid job?
No / we do not have enough data to assess this.What is considered a high salary for Insurance Rater?
High salary for Insurance Rater would be somewhere between 90,650 SAR and 119,493 SAR. However this is an estimation based on Gaussian Distribution.How much can you save working as Insurance Rater 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: 82,409 SAR
Estimated Monthly Salary: 6,867 SAR
Estimated Weekly Salary: 1,585 SAR per week
Estimated Hourly Salary: 40 SAR per hour
By working as Insurance Rater a person can save up to 614 USD per month or 7,365 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 Rater
Jordan is 7,079 USD
Iraq is 4,477 USD
Kuwait is 9,971 USD
Qatar is 52,335 USD
Bahrain is 13,294 USD
United Arab Emirates is 36,375 USD
Oman is 6,774 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:
Controls engineer (127,073 SAR per year, pre-tax.)
Manager real estate firm (148,546 SAR per year, pre-tax.)
Ct radiographer (131,120 SAR per year, pre-tax.)
General clerk 2 (66,160 SAR per year, pre-tax.)
Air weapons specialist (108,638 SAR per year, pre-tax.)
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