Life insurance actuary salary

Occupation: Life Insurance Actuary

A Life Insurance Actuary is a specialist within the insurance industry responsible for analyzing and managing risks for life insurance products. Their main tasks include designing and pricing life insurance products, analyzing data to assess risks and forecasts, and ensuring that the company complies with all regulations and laws applicable to the insurance industry. A Life Insurance Actuary uses mathematical models and statistics to calculate risks and contribute to the company's long-term stability.

Salary for Life Insurance Actuary

The average annual salary for a Life Insurance Actuary is 67 200 SEK. Men in the profession earn an average of 67 900 SEK, while women earn an average of 65 900 SEK. This means that women earn on average 97% of what men do. Compared to the previous year or measurement, the average salary for Life Insurance Actuaries has increased from 66 100 SEK to 67 200 SEK.

Education and Requirements

Typically, becoming a Life Insurance Actuary requires a college education in mathematics, statistics, economics, or a related field. Many actuaries also have a master's degree or specific actuarial training. To secure a job in the profession, it is important to have a strong foundation in mathematics, statistics, and economics, as well as the ability to analyze complex data and problems. It is also advantageous to have knowledge of the insurance industry and the regulations that govern it.

Working as a Life Insurance Actuary

For those wishing to work as a Life Insurance Actuary, having analytical thinking, precision, and problem-solving skills is essential. The ability to work independently and in a team, as well as having good communication skills, are also important qualities for success in the profession. It is an industry that offers good career opportunities and opportunities for continuous professional development.

Summary

Working as a Life Insurance Actuary involves analyzing and managing risks within life insurance products. With an average annual salary of 67 200 SEK and an increase in average salary from the previous year, it is a profession that offers good financial opportunities. To become a successful Life Insurance Actuary, a solid education in mathematics or economics and strong analytical and communication skills are required.