Insurance

Actuary

Gross salary in Nigeria 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:

214K - 710K NGN

10% earn less lthan 214K NGN

10% earns more than 710K NGN

Compare your salary with others

What does the data in the graph mean?

Salaries in the survey are expressed in gross.

Based on the Nigeria.paylab.com salary survey, 80% of people on the Actuary position in the Nigeria earn between 213,834 NGN and 710,196 NGN monthly gross.

10% of employees earn less than 213,834 NGN and 10% of people earn more than 710,196 NGN.

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.

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 Actuary - Insurance in the labour market

In the salary ranking,
the job position takes

103. place

Women representation in position

n/a

Average age of respondent by position

n/a

791. place

Nursery School Teacher Assistant

Education, Science & Research

89,959 - 194,330 NGN

104. place

Mechanization Manager

Mechanical Engineering

242,950 - 666,974 NGN

103. place

Actuary

Insurance

213,834 - 710,196 NGN

102. place

Call Centre Manager

Management

180,577 - 761,159 NGN

1. place

Managing Director

Top Management

48,826 - 3,097,186 NGN

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

Salaries from employees

Solo

1 job for a year

99 EUR*

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