Insurance

Actuary

Gross monthly salary in Saudi Arabia is

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80% of people earn:

114K - 373K SAR

10% earn less lthan 114K SAR

10% earns more than 373K SAR

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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 113,880 SAR and 372,996 SAR annually gross.

10% of employees earn less than 113,880 SAR and 10% of people earn more than 372,996 SAR.

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

73. place

Women representation in position

n/a

Average age of respondent by position

n/a

667. place

Cleaner

General labour

24,003 - 47,547 SAR

74. place

Cloud Engineer

Information Technology

87,852 - 409,440 SAR

73. place

Actuary

Insurance

113,880 - 372,996 SAR

72. place

Backend developer

Information Technology

97,476 - 400,164 SAR

1. place

Chief Executive Officer

Top Management

288,324 - 1,306,860 SAR

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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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