Insurance

Reinsurance Specialist

Gross monthly salary in Saudi Arabia is

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80% of people earn:

91K - 295K SAR

10% earn less lthan 91K SAR

10% earns more than 295K 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 Reinsurance Specialist position in the Saudi Arabia earn between 90,576 SAR and 295,092 SAR annually gross.

10% of employees earn less than 90,576 SAR and 10% of people earn more than 295,092 SAR.

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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Position Reinsurance Specialist - Insurance in the labour market

In the salary ranking,
the job position takes

171. 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

172. place

Controller

Economy, Finance, Accountancy

86,508 - 300,396 SAR

171. place

Reinsurance Specialist

Insurance

90,576 - 295,092 SAR

170. place

Consultant

Economy, Finance, Accountancy

104,160 - 277,032 SAR

1. place

Country Manager/Director

Top Management

216,828 - 1,009,344 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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