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Insurance Average Salaries in Singapore 2026

How much money does a person working in Insurance make in Singapore?


Average Monthly Salary
8,370 SGD
( 100,000 SGD yearly)

LOW
3,140
SGD AVERAGE
8,370
SGD HIGH
16,300
SGD
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 Singapore typically earns around 8,370 SGD. Salaries range from 3,140 SGD (lowest average) to 16,300 SGD (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 Singapore 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 Analyst10,900 SGD
Actuarial Assistant7,630 SGD
Actuarial Specialist7,700 SGD
Actuary11,100 SGD
Adjustment Insurance Clerk3,040 SGD
Assistant Broker4,960 SGD
Assistant Claims Manager8,590 SGD
Associate Insurance Representative4,350 SGD
Auditing Insurance Manager12,100 SGD
Blockchain Insurance Auditor7,410 SGD
Broker8,190 SGD
Claim Advocacy Professional8,000 SGD
Claims Adjuster3,010 SGD
Claims Analyst4,200 SGD
Claims Examiner4,180 SGD
Claims Manager11,300 SGD
Claims Processor2,960 SGD
Claims Representative3,500 SGD
Claims Resolution Specialist8,560 SGD
Claims Supervisor7,870 SGD
Complaints Specialist7,580 SGD
Compliance Examiner7,930 SGD
Compliance Officer6,500 SGD
Compliance Reviewer7,800 SGD
Consultant8,350 SGD
Drone Claims Adjuster3,480 SGD
Eligibility Interviewer8,560 SGD
Eligibility Specialist7,930 SGD
Insurance Account Manager10,300 SGD
Insurance Accounts Executive8,730 SGD
Insurance Adjuster7,770 SGD
Insurance Agent4,950 SGD
Insurance Analyst7,710 SGD
Insurance Appraiser7,740 SGD
Insurance Claims Clerk2,850 SGD
Insurance Compliance Officer9,480 SGD
Insurance Data Scientist7,710 SGD
Insurance Examiner7,750 SGD
Insurance Fraud Investigator6,930 SGD
Insurance Investigator7,930 SGD
Insurance Manager13,700 SGD
Insurance Operations Manager14,500 SGD
Insurance Policy Processing Clerk3,120 SGD
Insurance Pricing Assistant6,100 SGD
Insurance Product Manager9,740 SGD
Insurance Program Manager10,300 SGD
Insurance Project Manager10,600 SGD
Insurance Quality Assurance Agent6,900 SGD
Insurance Sales Agent4,970 SGD
Insurance Sales Director13,200 SGD
Insurance Sales Manager10,900 SGD
Insurance Sales Representative4,330 SGD
Insurance Team Leader8,500 SGD
Insurance Underwriter5,930 SGD
Insurtech Analyst7,620 SGD
Loss Control Specialist7,480 SGD
Loss Prevention Investigator8,030 SGD
Loss Prevention Manager11,200 SGD
Loss Prevention Specialist9,010 SGD
Marine Underwriter5,900 SGD
Medical Auditor8,090 SGD
Monitoring and Performance Officer5,420 SGD
Parametric Insurance Specialist8,420 SGD
Payment Services Specialist7,740 SGD
Peer-to-Peer Insurance Manager9,910 SGD
Policy Change Director12,200 SGD
Policy Change Supervisor8,420 SGD
Policy Change Technician3,760 SGD
Risk Analyst8,600 SGD
Risk Management Director14,800 SGD
Risk Management Supervisor10,600 SGD
Risk Manager15,700 SGD
Risk Modeling Manager15,600 SGD
Social Media Risk Analyst8,730 SGD
Title Insurance Typist7,200 SGD
Training Manager8,650 SGD
Underwriting Assistant4,010 SGD

Insurance Jobs Pay Scale and Salaries in Singapore

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 Singapore range from 3,140 SGD (starting average salary) to 16,300 SGD (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 7,820 SGD, implying that half of the workforce in Singapore 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 Singapore earn less than 6,040 SGD, while 75% of them earn more. Additionally, the diagram reveals that 75% of individuals earn less than 9,440 SGD, 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 Singapore. The analysis revealed that roughly 65% of all reported salaries fell within the range of 4,330 SGD to 7,320 SGD. Approximately 20% of salaries were below the 4,330 SGD mark, while 10% ranged from 7,320 SGD to 8,680 SGD. Only 5% of individuals earned a gross salary of 8,680 SGD or higher.