Home > Salary > Saudi Arabia > Safety And Risk Manager Insurance
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.
Estimated Yearly Salary: 183,338 SAR
Estimated Monthly Salary: 15,278 SAR
Estimated Weekly Salary: 3,526 SAR per week
Estimated Hourly Salary: 88 SAR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 14,736 SAR
Estimated Weekly Salary: 3,401 SAR per week
Estimated Hourly Salary: 85 SAR per hour
Last revision of data: 2024-01-07
Estimated Yearly Salary: 45,639 USD
Estimated Monthly Salary: 3,803 USD
Estimated Weekly Salary: 878 USD per week
Estimated Hourly Salary: 22 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: 183,338 SAR
Estimated Monthly Salary: 15,278 SAR
Estimated Weekly Salary: 3,526 SAR per week
Estimated Hourly Salary: 88 SAR per hour
By working as Safety And Risk Manager Insurance a person can save up to 2,700 USD per month or 32,396 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 Safety And Risk Manager Insurance
United Arab Emirates is 81,138 USD 78%
Details on Safety And Risk Manager Insurance salary in United Arab Emirates Last revision of data: 2025-01-04
Data as of 2025
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Safety And Risk Manager Insurance salary in Saudi Arabia
Average Yearly Salary of Safety And Risk Manager Insurance in Saudi Arabia is approximately 183,338 SAR (45,639 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
Job industry: Insurance
How much does Safety And Risk Manager Insurance make?
Salary details
How much does Safety And Risk Manager Insurance make?Estimated Yearly Salary: 183,338 SAR
Estimated Monthly Salary: 15,278 SAR
Estimated Weekly Salary: 3,526 SAR per week
Estimated Hourly Salary: 88 SAR per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 176,828 SAREstimated Monthly Salary: 14,736 SAR
Estimated Weekly Salary: 3,401 SAR per week
Estimated Hourly Salary: 85 SAR per hour
Last revision of data: 2024-01-07Safety And Risk Manager Insurance estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 45,639 USD
Estimated Monthly Salary: 3,803 USD
Estimated Weekly Salary: 878 USD per week
Estimated Hourly Salary: 22 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
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 Safety And Risk Manager Insurance job salary compared to average salary in Saudi Arabia.
Comparison shows that a person working as Safety And Risk Manager Insurance in Saudi Arabia earns on average:
1.77 times the average salary (or 177% of average salary).
Estimated national average yearly salary is 103,462 SAR (27,590 USD). Value indicated is pre-tax. Below graph shows estimated Safety And Risk Manager Insurance job salary compared to average salary in Saudi Arabia.
Comparison shows that a person working as Safety And Risk Manager Insurance in Saudi Arabia earns on average:
1.77 times the average salary (or 177% of average salary).
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 201,672 SAR and 265,840 SAR. However this is an estimation based on Gaussian Distribution.How much can you save working as Safety And Risk Manager Insurance 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: 183,338 SAR
Estimated Monthly Salary: 15,278 SAR
Estimated Weekly Salary: 3,526 SAR per week
Estimated Hourly Salary: 88 SAR per hour
By working as Safety And Risk Manager Insurance a person can save up to 2,700 USD per month or 32,396 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 Safety And Risk Manager Insurance
Jordan is 15,788 USD
Iraq is 9,978 USD
Kuwait is 22,243 USD
Qatar is 117,157 USD
Bahrain is 29,552 USDUnited Arab Emirates is 81,138 USD 78%Details on Safety And Risk Manager Insurance salary in United Arab Emirates
Oman is 15,077 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:
Network security engineer (196,076 SAR per year, pre-tax.)
Bachelor of social work (bsw), program coordinator (108,424 SAR per year, pre-tax.)
Sas programming supervisor (164,555 SAR per year, pre-tax.)
Strategic planning manager (204,496 SAR per year, pre-tax.)
Senior accounting manager (235,187 SAR per year, pre-tax.)
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