logo
Gross salary in Nigeria is
300K
400K
500K
 
10% earn less 191K NGN
10% earns more 602K NGN
Compare your salary with others
The displayed value is just for information. Compare your salary with others to see more detailed information.

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

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

176. place

Network and Service Operation Specialist

Telecommunications

Salary group 2

185,692 - 607,995 NGN

175. place

Product Development Specialist

Insurance

Salary group 2

190,576 - 601,995 NGN

174. place

Logistics Manager

Management

Salary group 2

129,844 - 692,665 NGN

1. place

Managing Director

Top Management

Salary group 3

89,116 - 2,945,065 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

Set fair employee remuneration
professional report icon

Pro

Salary report for the company

119 EUR*

Approximately 125 USD

* incl. VAT / 99 EUR excl. VAT

Order the report

Sample of the report →

  • 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