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The average monthly net salary in Latvia is
2,000
3,000
 
10% earn less 1,079 EUR
10% earns more 3,521 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 submitting proposals for changes to existing products.
  • Completing the texts of contracts, insurance clauses and special arrangements.
  • Drawing up the guidelines and bylaws relating to a given class of insurance.
  • Analysing the rates of insurance, and monitoring and analysing the loss ratio of the products.
  • Preparing documents for the implementation of changes related to product innovation in the information system.
  • Preparing and completing methodical seminars for distribution networks.
  • Providing expert consultations on the products in a given class of insurance to other sections of the company.

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The most common career path of an employee

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Position: Product Development Specialist - 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

103. place

Brand Manager

Management

Salary group 2

1,495 - 3,178 EUR

102. place

Product Development Specialist

Insurance

Salary group 2

1,079 - 3,521 EUR

101. place

Personnel Manager

Top Management

Salary group 2

1,072 - 3,441 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