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Gross salary in Nigeria is
300K
400K
500K
600K
 
10% earn less 213K NGN
10% earns more 705K NGN
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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

791. place

Nursery School Teacher Assistant

Education, Science & Research

Salary group 1

88,819 - 193,513 NGN

107. place

Mechanization Manager

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Salary group 2

239,629 - 664,153 NGN

106. place

Actuary

Insurance

Salary group 2

212,707 - 705,115 NGN

105. place

Business Intelligence Specialist

Information Technology

Salary group 2

207,613 - 712,934 NGN

1. place

Managing Director

Top Management

Salary group 3

89,116 - 2,945,065 NGN

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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