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Insurance Associate Salary in Panama City, Panama
How much does an Insurance Associate make in Panama City, Panama?
B/.21,389 (PAB)/year
Average Bonus
B/.633 (PAB)
per Year
Total Compensation
B/.21,771.11
Entry Level
B/.15,727
Median
B/.21,138
Senior Level
B/.24,162
As of July, 23, 2026, the average insurance associate gross salary in Panama City, Panama is B/.21,389 or an equivalent hourly rate of B/.9. In addition, insurance associates earn an average bonus of B/.633. An entry level insurance associate with 1-3 years of experience earns an average salary of B/.15,727. At the higher end of the pay range, an senior level insurance associate with 8+ years of experience earns an average salary of B/.24,162. Salary estimates are based on salary survey data collected directly from employers in Panama City, Panama.
Data powered by ERI
Salary Potential for an Insurance Associate
Explore the estimated salary growth for an Insurance Associate in Panama City, Panama for up to 5 years. The estimated salary of an Insurance Associate will be B/.21,890 in 1 year and B/.24,012 in 5 years.
View Salary by Year
Estimated Salary
B/.22,402
Average Growth
4.7 %
The estimated salary for an Insurance Associate in 2 years is B/.22,402, which is 4.7 % average growth. This information is based on ERI's compensation database.
Typical Insurance Associate Education
This chart displays the highest level of education for Insurance Associates.
- 0% of Insurance Associates have less than a High School Diploma
- 0% of Insurance Associates have a High School Diploma
- 0% of Insurance Associates have an Associate's Degree
- 100% of Insurance Associates have a Bachelor's Degree
- 0% of Insurance Associates have a Master's Degree
- 0% of Insurance Associates have a Doctorate Degree
The typical field of study for an Insurance Associate is Human Resources Management/Personnel Administration.
See how education can impact your salaryPopular Skills for an Insurance Associate
Skills data not available for this job
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Insurance Associate Salaries in Other Locations
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View moreCost of Living in Panama City, Panama
The cost of living in Panama City, Panama is 10% higher than the national average.
10% higher
than the national average
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Frequently Asked Questions
What does an Insurance Associate do?
Performs a mix of insurance-related administrative and functional duties for an Insurance company or for the Insurance Department of an organization. Prepares and checks insurance claim forms and related documents; calls insured or other involved parties to obtain missing information from applications and claims. Files applications for insurance policies, files records of insurance transactions, keeps track of customers' payments, and keeps calendar of premiums due and expiration dates of policies. Receives and responds to customer inquiries by phone or email, and routes calls and communication to specific staff members if necessary. Calculates premiums for customers when requested, and calculates amount of claim when claims are filed.
How much does an Insurance Associate make in Panama City, Panama?
The average salary for an Insurance Associate is B/.21,389 per year or B/.9.49 per hour in Panama City, Panama. Top earners have reported making up to B/.24,162. However, the typical pay range in Panama City, Panama is between B/.15,727 and B/.24,162 annually.
What is the salary trajectory for an Insurance Associate?
Insurance Associate is projected to see a 12.3 % salary change in 5 years.
How can you increase your salary?
Increasing your salary often starts with understanding your value in today’s job market. You can increase your earning potential by building your skills, advancing your education, moving into a new role or industry, switching companies, or negotiating pay.
How can you negotiate a salary offer?
Negotiating a salary offer involves preparation and finding our your market value. Use our salary calculator to find out how much you should be paid based on what someone in your area, with similar experience, earns. Use this personalized report to help negotiate a higher salary offer or find your dream career.
What are some factors that impact Insurance Associate salaries?
Several factors can impact your salary, including experience, company size, job market, location, industry, and more. Understanding how these factors affect your role can help you spot pay gaps and provide opportunities for a competitive salary.
About Our Data
This page is an excerpt of the much more complete compensation information available in ERI's Assessor Series.
ERI compiles the most robust and accurate salary, cost-of-living, and executive compensation survey database available. Data are analyzed using AI and traditional statistics, depending on which approach is best for a particular application. ERI collects salary survey data from five different sources, which you can learn about here.
Verified Sources
Data sourced from internal salary surveys, purchased surveys, public sources, HRIS data, and proprietary databases.
Real-Time Data
Our salary database is updated and verified approximately every six weeks.
Quality Assurance
Along with our data scientists, we have included AI in our rigorous process to analyze and provide the highest quality data.
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