Insurance

Actuary

Gross monthly salary in Saudi Arabia is

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80% of people earn:

2,436 - 8,786 USD

10% earn less lthan 2,436 USD

10% earns more than 8,786 USD

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What does the data in the graph mean?

Salaries in the survey are expressed in gross.

Based on the Saudiarabia.paylab.com salary survey, 80% of people on the Actuary position in the Saudi Arabia earn between 2,436 USD and 8,786 USD monthly gross.

10% of employees earn less than 2,436 USD and 10% of people earn more than 8,786 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

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Position Actuary - Insurance in the labour market

In the salary ranking,
the job position takes

87. place

Women representation in position

n/a

Average age of respondent by position

n/a

667. place

Cleaner

General labour

546 - 1,082 USD

88. place

Java Programmer

Information Technology

2,203 - 9,104 USD

87. place

Actuary

Insurance

2,436 - 8,786 USD

86. place

Head of controlling

Management

2,587 - 8,620 USD

1. place

Country Manager/Director

Top Management

4,931 - 22,956 USD

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The salary report contains:

Salary for the position by region, education, experience, company size, age
Distribution of respondents into wage bands
Salary range from 1st to 9th decile
A breakdown of all monitored non-financial benefits
Analysis of financial benefits

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