Insurance

Reinsurance Specialist

The average monthly net salary in Latvia is

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80% of people earn:

978 - 2,595 USD

10% earn less lthan 978 USD

10% earns more than 2,595 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 Reinsurance Specialist position in the Latvia earn between 978 USD and 2,595 USD monthly net.

10% of employees earn less than 978 USD and 10% of people earn more than 2,595 USD.

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

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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The most common career path of an employee

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Position: Reinsurance Specialist - Insurance

The job position is
in the salary ranking on

309 place

Women representation in position

100%

Average age of respondent in position

663. place

General Labourer

General labour

576 - 1,680 USD

310. place

Personal Banker

Banking

926 - 2,925 USD

309. place

Reinsurance Specialist

Insurance

978 - 2,595 USD

308. place

Loss Adjuster

Insurance

1,134 - 2,653 USD

1. place

Pilot

Transport, Haulage, Logistics

2,757 - 10,029 USD

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