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The average monthly net salary in Latvia is
2,000
3,000
 
10% earn less 1,262 EUR
10% earns more 3,489 EUR
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The displayed value presents total net salary in the whole Latvia. Salary amount is influenced by bonuses, regions and many other factors.

Description of job position

  • Monitoring the insurance market, developing new products and proposing changes of existing products.
  • Formulating insurance contracts, insurance conditions and special arrangements.
  • Determining premium tariffs, the amount of technical provisions in life insurance and supplementary insurance.
  • Preparing and updating technical business plans and manuals.
  • Preparing documents for the implementation of changes related to product innovation in the information system.
  • Creating and updating computer programs for distribution networks, pricing, taxation and technical changes in life insurance.
  • Testing the profitability of products.
  • Preparing personalised insurance offers.
  • Preparing documents for the assessment of non-standard changes in life insurance.
  • Performing and ensuring activities related to financial funds in investment life insurance.
  • Preparing documentation and participating in conducting methodological trainings for distribution networks.
  • Preparing documentation for accounting, the National Bank of Slovakia, auditors, shareholders and other entities, preparing periodic reports for the reinsurer.
  • Providing expert consultation on life insurance products to other units of the company.

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The most common career path of an employee

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Position: Actuary - Insurance

The job position is
in the salary ranking on

Women representation in position

Average age of respondent in position

649. place

Cobbler

Textile, Leather, Apparel Industry

Salary group 1

99. place

Systems Engineer

Information Technology

Salary group 2

1,229 - 3,916 EUR

98. place

Actuary

Insurance

Salary group 2

1,262 - 3,489 EUR

97. place

Regional / Area Manager

Management

Salary group 2

1,260 - 3,399 EUR

1. place

Pilot

Transport, Haulage, Logistics

Salary group 3

1,617 - 10,821 EUR

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  • Salary on the position by region, education, work experience, company size, age group
  • Total renumeration and its components (variable part, commissions, rewards)
  • Distribution of respondents into salary ranges
  • Salary range expressed by the 1st decile, 1st quartile, median, 3rd quartile, 9th decile, and average wage
  • Detailed breakdown of all monitored non-financial benefits provided
  • Analysis of financial benefits