Insurance

Actuary

The average monthly net salary in Latvia is

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80% of people earn:

1,573 - 3,428 USD

10% earn less lthan 1,573 USD

10% earns more than 3,428 USD

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What does the data in the graph mean?

Salaries in the survey are expressed in net.

Based on the Algas.lv salary survey, 80% of people on the Actuary position in the Latvia earn between 1,573 USD and 3,428 USD monthly net.

10% of employees earn less than 1,573 USD and 10% of people earn more than 3,428 USD.

The survey is based on data from employees, cleaned of extreme and duplicate values.

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

The graphic shows how employees most often progress in their careers. Click on the name of the position to get to its detail with salary data.

Position: Actuary - Insurance

The job position is
in the salary ranking on

118 place

Women representation in position

100%

Average age of respondent in position

663. place

General Labourer

General labour

576 - 1,680 USD

119. place

Dealer/Trader

Banking

1,095 - 4,539 USD

118. place

Actuary

Insurance

1,573 - 3,428 USD

117. place

Prosecutor

Law & Legislation

1,699 - 4,006 USD

1. place

Pilot

Transport, Haulage, Logistics

2,757 - 10,029 USD

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