Insurance Analyst salary in Singapore

The average insurance analyst salary in Singapore in 2024 is SGD 77,500 per year (SGD 6,458 per month, or SGD 1,490 per week). This figure represents gross annual earnings before income tax and social contributions. Source: ILO / Life Indexed estimate.

Insurance Analysts in Singapore earn between SGD 50,300 and SGD 112,300 per year in 2024. The spread reflects differences in experience level, employer size, sector (public vs private), and geographic location within the country.

A insurance analyst in Singapore earns approximately SGD 6,458 per month (gross) in 2024, based on an annual average of SGD 77,500. Monthly take-home pay will be lower after income tax and social security deductions, which vary by individual circumstances and applicable tax brackets in Singapore.

Entry-level insurance analysts in Singapore typically earn between SGD 50,300 and SGD 65,900 per year in 2024. Salaries at the junior level are generally 15–35% below the national average, increasing with professional certifications, years of experience, and specialisation.

Yes. Based on available data, Insurance Analyst salaries in Singapore have grown by approximately 18% between 2022 and 2026, reflecting ongoing demand and wage growth trends.

Whether SGD 77,500 per year is a good insurance analyst salary in Singapore depends on cost of living, location, and career stage. This figure represents the 2024 national average — earners above this level are in the upper half of the pay distribution for this occupation. Factors that influence individual compensation include employer type (multinational vs. local), city (capital cities typically pay 10–25% more), qualifications, and years of experience.

Singapore's insurance analyst salary of SGD 77,500/yr (among comparable economies) is below all other Asia countries tracked for this occupation in 2024. Differences across countries reflect purchasing power, labour market conditions, cost of living, and local demand for this role.