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Insurance

Salary for position Actuary in Estonia

Average monthly net salary in Estonia is
An employee's salary is influenced by several factors, primarily the region in which they work, length of experience, company size, and more.
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80% of people earn:
2,127 - 4,184 EUR
10% earn less lthan 2,127 EUR
10% earns more than 4,184 EUR
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Salaries in the survey are expressed in net.

Based on the Palgad.ee salary survey, 80% of people on the Actuary position in the Estonia earn between 2,127 EUR and 4,184 EUR monthly net.

10% of employees earn less than 2,127 EUR and 10% of people earn more than 4,184 EUR.

The survey is based on data from employees, cleaned of extreme and duplicate values. By taking a free, anonymous survey, you will get a more accurate salary comparison with other people working in the same position as you.
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What kind of work does Actuary typically do

  • 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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The most common career path of an employee

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Position Actuary in the labour market

In the salary ranking,
the job position takes

42. place

Women representation in position

n/a

Average age of respondent by position

40

637. place

Kitchen Helper

Tourism, Gastronomy, Hotel Business

Salary group 1

721 - 1,044 EUR

43. place

ABAP Programmer

Information Technology

Salary group 2

1,489 - 5,010 EUR

42. place

Actuary

Insurance

Salary group 2

2,127 - 4,184 EUR

41. place

Business Development Manager

Management

Salary group 2

1,906 - 4,510 EUR

1. place

Leasing Director

Leasing

Salary group 3

2,162 - 8,517 EUR

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What does a salary report contain?
  • 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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Frequently asked Questions

Frequently asked questions and answers about the salary for the position Actuary.

The total gross salary for the position Actuary ranges between 1,929 EUR and 6,180 EUR per month. For an accurate comparison, we recommend checking your salary through the questionnaire on Palgad.ee to get a more precise view of the salary, considering the region where you work.

The highest-earning employees in the position Actuary have a total gross salary of at least 4,184 EUR per month.

10% of the highest-earning employees in this position have a total gross salary higher than 4,184 EUR per month, and 10% of the lowest-earning employees in this position have a total gross salary lower than 2,127 EUR per month. By participating in our salary survey, you will get an accurate comparison of your salary with the market average, considering the region where you work.

After working for 5 years, the position Actuary earns 3,227 EUR per month gross.

You need to be well prepared for salary negotiations. During salary negotiation, we recommend focusing on the following aspects:
  • find out the current market value of the position – on Palgad.ee you can check it for free and anonymously
  • highlight your experience and achievements – it is good to time the salary discussion well
  • expanded responsibilities – if you work beyond your role and assigned duties
  • prepare alternatives – if a salary increase is not possible, there are other options (bonuses, extra vacation, etc.)

The salary data comes from a pay survey where everyone can anonymously compare their salary with other employees working in the same position. We clean and process this data according to our methodology. For the position Actuary, we currently have 38 verified respondents collected.