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Gross monthly salary in Saudi Arabia is
20,000
30,000
 
10% earn less 9,697 SAR
10% earns more 36,137 SAR
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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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Position Actuary - Insurance in the labour market

In the salary ranking,
the job position takes

Women representation in position

Average age of respondent by position

662. place

Cleaner

General labour

Salary group 1

2,000 - 4,630 SAR

98. place

Financial Analyst

Banking

Salary group 2

9,744 - 36,052 SAR

97. place

Actuary

Insurance

Salary group 2

9,697 - 36,137 SAR

96. place

Network Modelling Specialist

Telecommunications

Salary group 2

12,811 - 31,978 SAR

1. place

Managing Director

Top Management

Salary group 3

17,968 - 102,906 SAR

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  • Salary on position by region*, education, practice, business size
  • Total salary and its components* (variable component, commissions, rewards)
  • Responder distribution to payroll
  • Salary ranges expressed by 1st decile, 1st quartile, median, 3rd quartile, 9th decile, and average wage.
  • Detailed breakdown of all monitored non-financial benefits provided*
  • Financial benefit analysis*
  • * available when regression model is used