Insurance Research Analyst Salary in Madrid, Spain

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  1. Compensation Data
  2. > Salary
  3. > Insurance Research Analyst
  4. > Spain
  5. > Madrid

Last Updated: July 11, 2026

€53,202 USD

per year
Hourly Rate €25.58
Bonus €1,968

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Entry Level €37K
Average €53K
Senior Level €65K

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The average pay for a Insurance Research Analyst is €53,202, which is €25.58 an hour in Madrid, Spain. The average salary range for a Insurance Research Analyst is between €37,295 and €64,641. On average, a Bachelor's is the highest level of education for a Insurance Research Analyst.

This compensation analysis comes from aggregated salary survey data for Madrid, Spain. ERI's compensation information is based on employer-reported data collected from ERI's salary surveys, customer HRIS data, data from Proxies/10Ks and Forms 990, proprietary databases, and purchased survey data. Cost-of-labor data in the Assessor Series are based on actual housing sales data from commercially available sources, plus rental rates, gasoline prices, consumables, medical care premium costs, property taxes, effective income tax rates, etc. For more information, see ERI's methodology.

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Salary Potential for Insurance Research Analyst

Explore the estimated salary growth for Insurance Research Analyst in Madrid, Spain for up to 5 years. The estimated salary of Insurance Research Analyst in 1 year will be €54,453, and in 5 years, will be €59,757.

Number of Years

2 Years

Estimated Salary

€55,733 USD

Percentage Growth

0%

Growth Trajectory

The estimated salary growth for Insurance Research Analyst in [# of years] is [salary], which is [average growth %] average growth. This information is based on ERI's compensation database.

What Does an Insurance Research Analyst Do?

Assesses and watches insurance industry developments to update company products and procedures. Checks industry publications and monitors pending legislation and regulations to determine impact of new developments on company insurance products. Converses with designated company personnel to disseminate information necessitating changes in language or provisions of insurance contracts, and assists in preparation of documents or directives needed to implement changes.

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Education, Skills, and Certifications for Insurance Research Analysts

Gain access to salary differentials for education and skills in ERI's Salary Assessor

Education

Below is the average education level for an Insurance Research Analyst. About 50% have a Bachelor's degree, 30% have a Master's degree, and 15% have a High School Diploma.

  • Bachelor's Degree 50%
  • Master's Degree 30%
  • High School Diploma 15%
  • Doctorate Degree 5%
  • Associate Degree 0%
  • Less Than HS 0%

Top Skills

Below are top skills for an Insurance Research Analyst. 67% of Insurance Research Analysts have a skill in Consolidates materials. The top 3 most popular skills for Insurance Research Analysts are Consolidates materials, Gives support, and Runs analysis.

  • Consolidates materials 67%
  • Gives support 67%
  • Runs analysis 67%
  • Studies demographic 67%
  • Market Analysis 50%

Do you have certifications for Insurance Research Analyst?

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Compare Insurance Research Analyst Salaries by Location

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Average Salaries for Insurance Research Analyst

The average salary of insurance research analyst in Madrid, Spain is 53.202 €. The average salary of insurance research analyst in California is $96,758. Explore the average salaries for insurance research analyst in other locations below.

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Cost of Living in Madrid, Spain

The cost of living in Madrid, Spain is 33% higher than the national average.

Whether you're planning to move or just want to see the cost of living in different locations, our cost-of-living calculator is the place to start. Compare salaries for other locations by city, U.S. ZIP code, state, or country.

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Why Your Salary May Look Different

This information is based on a specific job title and location, but real-world compensation can vary based on factors like years of experience, company size, shift differentials, and more. Because of these variables, your actual pay may fall above or below the average ranges shown. Use ERI's salary data and compensation management platform to identify market trends and accurately adjust pay so that you can price jobs competitively.

Based on the average salary in the United States, if your shift differential is 10%, then your pay will increase by €2.56/hour

*Some jobs may not be adjusted using shift differentials. Please contact [email protected] for additional information.

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Frequently Asked Questions

Common questions about Insurance Research Analyst salaries and career insights

How much does a Insurance Research Analyst make in Madrid, Spain?

ERI's data indicated that, on average, a Insurance Research Analyst is €53,202 per year or €25.58 per hour in Madrid, Spain, which is 9% higher than the national average. Top earners have reported making up to €64,641. However, the typical pay range in Madrid, Spain, is between €37,295 and €64,641 annually.

What is the salary potential for Insurance Research Analyst in 5 years?

Insurance Research Analyst is projected to see 12.3% salary growth in 5 years.

What are some factors that impact Insurance Research Analyst salaries?

Several factors can impact the salary, including experience, company size, job market, location, industry, and more. Understanding how these factors affect the role can provide opportunities to earn more. Use our salary calculator to find out how much you should be paid based on what someone in your area, with similar experience, earns.

How can I accurately price jobs for my organization?

There are several factors that can impact the salary, including experience, company size, job market, location, industry, education, certificates, shift differentials, and more. Understanding how these factors affect the role can help you spot pay gaps and retain top talent. ERI's Assessor Platform brings these factors together in one platform, making it easy to benchmark roles, analyze insights, and set pay with confidence.

What is ERI Economic Research Institute?

ERI Economic Research Institute was founded over 35 years ago to provide trusted compensation data for private and public organizations. ERI has established itself as a gold standard for global salary benchmarking and geographic differentials and has evolved to offer a complete compensation management software solution.

How can ERI help HR and compensation experts?

With decades of experience in compensation, ERI offers an extensive and reliable salary survey database powered by the Assessor Platform, a comprehensive compensation management solution that optimizes complex processes for accuracy and efficiency.

HR and compensation professionals in organizations ranging from small companies to the Fortune 500 rely on ERI's Assessor Platform to:

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  • And so much more
How often does ERI's compensation database get updated?

ERI's team of PhD-level data scientists and seasoned compensation professionals review and validate our salary data approximately every six weeks, ensuring the accuracy of the data that we publish. Learn more about our methodology.

What educational resources does ERI offer for professionals?

ERI offers 36 free self-study courses through our Distance Learning Center, helping professionals master technical domains like market pricing and geographic differentials. While course content is complimentary, practitioners can choose to pursue the Compensation Analyst (CAC) or Compensation Committee (CCC) credentials to validate their expertise and earn up to 20 HRCI or SHRM recertification credits. Learn more.

About Our Data

This page is an excerpt of the much more complete compensation information available in ERI's Assessor Series.

For over 35 years, ERI has compiled 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.

10,500+

Locations

35,900+

Job Titles

4,400+

Skills

5,500+

Certifications

1,100+

Industries

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