Insurance

Product Development Specialist

Gross monthly salary in Saudi Arabia is

An employee's salary is influenced by several factors, primarily the region in which they work, length of experience, company size, and more.
Compare your salary with other people in the same position and in the same region for free and anonymously.

80% of people earn:

118K - 317K SAR

10% earn less lthan 118K SAR

10% earns more than 317K SAR

Compare your salary with others

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 Product Development Specialist position in the Saudi Arabia earn between 118,032 SAR and 317,496 SAR annually gross.

10% of employees earn less than 118,032 SAR and 10% of people earn more than 317,496 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 submitting proposals for changes to existing products.
Completing the texts of contracts, insurance clauses and special arrangements.
Drawing up the guidelines and bylaws relating to a given class of insurance.
Analysing the rates of insurance, and monitoring and analysing the loss ratio of the products.
Preparing documents for the implementation of changes related to product innovation in the information system.
Preparing and completing methodical seminars for distribution networks.
Providing expert consultations on the products in a given class of insurance to other sections of the company.

For companies – be confident when making decisions about salaries

Set the salaries of your employees fairly. A detailed salary report will help you to do this. You will always have relevant salary data to hand.

Try the Salary Tool for free

The most common career path of an employee

The graphic shows how employees most often progress in their careers. Click on the name of the position to get to its detail with salary data.

Position Product Development Specialist - Insurance in the labour market

In the salary ranking,
the job position takes

99. place

Women representation in position

n/a

Average age of respondent by position

n/a

667. place

Cleaner

General labour

24,000 - 47,556 SAR

100. place

Security Service Manager

Management

85,560 - 363,276 SAR

99. place

Product Development Specialist

Insurance

118,032 - 317,496 SAR

98. place

Database Administrator

Information Technology

98,357 - 346,999 SAR

1. place

Chief Executive Officer

Top Management

288,312 - 1,306,845 SAR

Is this salary range too huge?

You can find out the average salary in your region by filling out a short questionnaire

Compare your salary with others

Get detailed information on salaries in your country

Data for salary decisions

Solo

1 job for a year

390 SAR*

Access for 1 user

Ideal for a one-time analysis of a specific job position.

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

Order now

Show the sample report