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Insurance Average Salaries in Korea (South) 2026

How much money does a person working in Insurance make in Korea (South)?


Average Monthly Salary
3.9M KRW
( 46M KRW yearly)

LOW
1.5M
KRW AVERAGE
3.9M
KRW HIGH
7.5M
KRW
All salary figures displayed here are per month except when noted otherwise.
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

A person working in Insurance in Korea (South) typically earns around 3.9M KRW. Salaries range from 1.5M KRW (lowest average) to 7.5M KRW (highest average, actual maximum salary is higher).


Salary Variance

The provided figure represents the median compensation that encompasses housing, transportation, and other perks. The salaries within the Insurance domain in Korea (South) exhibit significant discrepancies across various professions. In case you seek information about the remuneration of a specific position, please refer to the salaries listed below for respective job titles.

Salaries for specific jobs

Job TitleAverage Salary
Insurance
Actuarial Analyst5.4M KRW
Actuarial Assistant3.9M KRW
Actuarial Specialist4M KRW
Actuary5.5M KRW
Adjustment Insurance Clerk1.5M KRW
Assistant Broker2.5M KRW
Assistant Claims Manager4.2M KRW
Associate Insurance Representative2.1M KRW
Auditing Insurance Manager6M KRW
Blockchain Insurance Auditor3.7M KRW
Broker4M KRW
Claim Advocacy Professional4.2M KRW
Claims Adjuster1.5M KRW
Claims Analyst2.2M KRW
Claims Examiner2.2M KRW
Claims Manager5.5M KRW
Claims Processor1.5M KRW
Claims Representative1.9M KRW
Claims Resolution Specialist4.5M KRW
Claims Supervisor4M KRW
Complaints Specialist3.9M KRW
Compliance Examiner3.9M KRW
Compliance Officer3.4M KRW
Compliance Reviewer3.9M KRW
Consultant4.1M KRW
Drone Claims Adjuster1.8M KRW
Eligibility Interviewer4.5M KRW
Eligibility Specialist4.1M KRW
Insurance Account Manager4.9M KRW
Insurance Accounts Executive4.4M KRW
Insurance Adjuster3.6M KRW
Insurance Agent2.5M KRW
Insurance Analyst4M KRW
Insurance Appraiser4.2M KRW
Insurance Claims Clerk1.4M KRW
Insurance Compliance Officer4.8M KRW
Insurance Data Scientist3.6M KRW
Insurance Examiner3.6M KRW
Insurance Fraud Investigator3.3M KRW
Insurance Investigator3.7M KRW
Insurance Manager6.8M KRW
Insurance Operations Manager7M KRW
Insurance Policy Processing Clerk1.5M KRW
Insurance Pricing Assistant3.1M KRW
Insurance Product Manager4.7M KRW
Insurance Program Manager5M KRW
Insurance Project Manager5.2M KRW
Insurance Quality Assurance Agent3.3M KRW
Insurance Sales Agent2.4M KRW
Insurance Sales Director6.7M KRW
Insurance Sales Manager5M KRW
Insurance Sales Representative2.1M KRW
Insurance Team Leader4.2M KRW
Insurance Underwriter3.1M KRW
Insurtech Analyst3.7M KRW
Loss Control Specialist4M KRW
Loss Prevention Investigator4.4M KRW
Loss Prevention Manager5.6M KRW
Loss Prevention Specialist4.2M KRW
Marine Underwriter3M KRW
Medical Auditor4M KRW
Monitoring and Performance Officer2.9M KRW
Parametric Insurance Specialist4.1M KRW
Payment Services Specialist4.2M KRW
Peer-to-Peer Insurance Manager4.9M KRW
Policy Change Director6.5M KRW
Policy Change Supervisor4.5M KRW
Policy Change Technician1.9M KRW
Risk Analyst4.4M KRW
Risk Management Director7.8M KRW
Risk Management Supervisor5.1M KRW
Risk Manager7.7M KRW
Risk Modeling Manager7.8M KRW
Social Media Risk Analyst4.4M KRW
Title Insurance Typist3.6M KRW
Training Manager4.4M KRW
Underwriting Assistant2M KRW

Insurance Jobs Pay Scale and Salaries in Korea (South)

Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range

All salary figures displayed here are per month except when noted otherwise.

  • Salary Range, Minimum Wage, and Starting Salary

    Salaries in Insurance in Korea (South) range from 1.5M KRW (starting average salary) to 7.5M KRW (maximum average salary, actual maximum is higher). To clarify, the number presented is not the legally mandated minimum wage. Rather, it represents the lowest figure reported in a salary survey that involved thousands of participants and professionals from across the entire country.

  • Median Salary

    The median income in the field of Insurance is 3.4M KRW, implying that half of the workforce in Korea (South) earns less than this figure, and the other half earns more. It represents the central value of salaries. As a rule of thumb, you would prefer to be part of the group earning above the median wage, situated on the right-hand side of the salary distribution chart.

  • Percentiles and Salary Scale

    Two values that are highly correlated with the median are the 25th and 75th percentiles. By examining the salary distribution diagram, it is possible to determine that 25% of individuals employed in Insurance in Korea (South) earn less than 2.6M KRW, while 75% of them earn more. Additionally, the diagram reveals that 75% of individuals earn less than 4.1M KRW, while 25% earn more than that.

  • Pay Scale Structure

    Data was regrouped into brackets to provide a better understanding of what salaries can be expected. This approach was deemed more accurate than relying solely on the average salary, as it offers greater insights into the distribution of salaries in the field of Insurance in Korea (South). The analysis revealed that roughly 65% of all reported salaries fell within the range of 1.9M KRW to 3.2M KRW. Approximately 20% of salaries were below the 1.9M KRW mark, while 10% ranged from 3.2M KRW to 3.8M KRW. Only 5% of individuals earned a gross salary of 3.8M KRW or higher.