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The average monthly net salary in Latvia is
1,000
1,200
1,400
1,600
1,800
2,000
2,200
2,400
 
10% earn less 879 EUR
10% earns more 2,600 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

  • Processing the proposals of the company’s actuarial capacity to ensure individual risk groups.
  • Drafting reinsurance program proposals (obligatory reinsurance).
  • Negotiating the terms of reinsurance agreements with reinsurers, and ensuring compliance.
  • Defining the parameters of reinsurance contracts in the information system.
  • Preparing specifications for the IT processing of reinsurance risks in the information system.
  • Ensuring commutation (termination) processes of proportional reinsurance contracts.
  • Providing expert consultation of policy conditions regarding individual business cases for departments developing insurance products.
  • Ensuring facultative reinsurance and special acceptances for individual risks.
  • Reimbursing premiums and settling the performance of reinsurers.
  • Preparing documents for accounting.
  • Preparing analyses and reports for the reinsurers, board, auditors, and supervising bodies of the company.

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Position: Reinsurance 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

268. place

Compensation & Benefit Specialist

Human Resources

Salary group 2

267. place

Reinsurance Specialist

Insurance

Salary group 2

879 - 2,600 EUR

266. place

Forestry Manager

Water Management, Forestry, Environment

Salary group 2

482 - 2,956 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