- Salary statistics
- Insurance actuary salary
Insurance actuary salary
Latest available salary statistics are for 2025. Compare average pay, salary range and related job listings.
63 500 - 80 000 SEK / month
Women earn 109% of what men do.
Naturvetenskapligt arbete
Related tools
Salary progression Insurance actuary
What does an insurance actuary do? – Tasks and work environment
An insurance actuary works with calculating risks and designing insurance products through advanced mathematical and statistical models. The work includes analyzing claim risks, premium calculations, capital assessments, and ensuring that insurance companies' products are financially sustainable. Collaboration with experts in finance, law, and IT is common, especially when developing new insurance solutions or regulatory changes. The work environment is typically office-based, characterized by a high pace and technically advanced tasks where accuracy and analytical skills are crucial.
Salary development over time
The salary for insurance actuaries has shown a clear upward trend over the past three years. In 2022, the average salary was 67,200 SEK per month, increasing to 72 000 in 2023, which is about a 4% increase. Between 2023 and 2024, the trend continued with a further increase to 75 600, a rise of just over 3%. The salary increase can be linked to high demand for qualified actuaries, increased regulatory requirements, and technological development within the insurance industry. The steady trend indicates that the profession continues to be highly valued in the job market, especially for those with specialized skills and experience.
Insurance actuary salary – comprehensive overview
- Average salary: 75 600 SEK/month
- Lowest salary: 61,100 SEK/month
- Highest salary: 75,200 SEK/month
- Hourly wage: 433 SEK
- Women: 72,900 SEK/month
- Men: 73 500 SEK/month
- Women earn: 109% of what men do
- Regional differences: Data unavailable
Education and qualifications
The path to becoming an insurance actuary primarily involves university studies in mathematics, mathematical statistics, or financial mathematics. A master's degree is often required, and sometimes specific certifications depending on the employer and area of work. Internships and trainee programs are common and provide valuable industry experience. Success also requires strong analytical skills and an understanding of finance and insurance law.
- Formal degree: Master's or bachelor's in mathematics, statistics, or financial mathematics (5 years)
- Certification: Actuary society certification may be required for certain roles
- Internship/trainee: Many insurance companies offer trainee programs
- Prerequisites: Strong grades in mathematics and statistics from high school
- Advice for choosing: Focus on insurance mathematics or risk management
Many insurance actuaries work closely with IT specialists and developers to tailor digital calculation tools. This interdisciplinary work environment contributes to the continuous development of the profession and offers opportunities for innovation within the insurance industry.
Common benefits and compensations
Insurance actuaries are often offered benefits such as occupational pension, wellness allowance, flexible working hours, and remote work options. Additional compensations may include bonus programs, professional development, and subsidized insurance. Employers within the finance and insurance sectors prioritize employee care and long-term skills development.
Competition and challenges
The competition for positions as an insurance actuary is relatively low, but requirements for specialized skills and formal education are high. The shortage of qualified candidates means employers often seek individuals with experience in advanced mathematical models and regulatory knowledge. A challenge in the profession is staying updated with new regulations, technological solutions, and changes in the insurance market. The role also requires the ability to communicate complex calculations to non-mathematicians. Therefore, insurance actuaries need to be precise and pedagogical in their work.
Tips for aspiring insurance actuaries
To succeed as an insurance actuary, it is beneficial to combine analytical sharpness with a strong attention to detail, as the work often involves precise calculations and risk assessments. An interest in mathematics and perseverance facilitate university studies, where advanced statistics and probability theory dominate. Being communicative is also advantageous, as the profession involves explaining complex relationships to colleagues and decision-makers. Flexibility and willingness to learn new things are important qualities, as regulations and technical solutions change rapidly. Initiative and curiosity help identify new solutions and improvements within the insurance field. Participating in industry seminars and networks can open doors to trainee programs and internships. Finally, demonstrating engagement with digital development is valuable, as collaboration with IT departments becomes increasingly common in the profession.
Key facts about Insurance Actuary
- Education level: Master's degree in mathematics or statistics
- Work environment: Office-based, often in teams with economists and IT specialists
- Demand: High, 143 job openings in the profession
- Salary range: 61,100–75,200 SEK/month
- Gender salary distribution: Women earn 109% of men's salaries
Career paths and future prospects
After several years of experience, an insurance actuary can advance to specialist roles, leadership positions, or take responsibility for larger projects in risk management and product development. It is common for professionals to progress to roles such as chief actuary, risk manager, or analyst responsible for entire product portfolios. Forecasts from the Employment Service are uncertain due to limited data, but demand for mathematicians and actuaries remains high, with 143 job openings in the profession. Skills in digitalization, AI, and new regulations provide extra competitive advantages in the job market.
Common questions about Insurance Actuary
- What is the average salary of an insurance actuary?
- An insurance actuary has an average salary of 75 600 SEK per month. - Are there gender differences in the salaries for insurance actuaries?
- Women earn an average of 72,900 SEK and men 73 500, which means women earn 109% of men's salaries. - What is the highest and lowest salary for an insurance actuary?
- The highest salary is 75,200 SEK and the lowest 61,100 SEK per month. - What education is required to become an insurance actuary?
- A master's degree in mathematics, statistics, or financial mathematics is usually required. - What is the job market like for insurance actuaries?
- Demand is high, with 143 job openings within the profession of mathematics and actuaries. - What does an insurance actuary do?
- The role involves calculating risks, designing insurance products, and analyzing claims data with advanced statistics. - Are there regional salary differences?
- Data on regional differences is currently unavailable.
Salary distributed by age and sector
| Age | Base salary | Monthly salary | |
|---|---|---|---|
| 25-34 | 60000 kr | 61200 kr | |
| 35-44 | 79000 kr | 80400 kr | |
| 45-54 | 86000 kr | 87100 kr | |
| Snitt | 109% | 74400 kr | 75600 kr |
| Age | Base salary | Monthly salary | |
|---|---|---|---|
| 35-44 | 54200 kr | 54800 kr | |
| 45-54 | 69800 kr | 70400 kr | |
| 55-64 | 63000 kr | 63000 kr | |
| Snitt | 62900 kr | 63400 kr |
| Age | Base salary | Monthly salary | |
|---|---|---|---|
| 35-44 | 54200 kr | 54800 kr | |
| 45-54 | 69800 kr | 70400 kr | |
| 55-64 | 63000 kr | 63000 kr | |
| Snitt | 62900 kr | 63400 kr |
| Age | Base salary | Monthly salary | |
|---|---|---|---|
| 25-34 | 60000 kr | 61100 kr | |
| 35-44 | 79300 kr | 80700 kr | |
| 45-54 | 86300 kr | 87500 kr | |
| Snitt | 109% | 74600 kr | 75800 kr |
| Age | Base salary | Monthly salary | |
|---|---|---|---|
| 25-34 | 60000 kr | 61100 kr | |
| 35-44 | 79300 kr | 80700 kr | |
| 45-54 | 86300 kr | 87500 kr | |
| Snitt | 109% | 74600 kr | 75800 kr |
| Age | Base salary | Monthly salary | |
|---|---|---|---|
| 35-44 | 78900 kr | 80100 kr | |
| Snitt | 109% | 72600 kr | 73500 kr |
| Age | Base salary | Monthly salary | |
|---|---|---|---|
| 35-44 | 54200 kr | 54800 kr | |
| Snitt | 64500 kr | 65100 kr |
| Age | Base salary | Monthly salary | |
|---|---|---|---|
| 35-44 | 54200 kr | 54800 kr | |
| Snitt | 64500 kr | 65100 kr |
| Age | Base salary | Monthly salary | |
|---|---|---|---|
| 35-44 | 79400 kr | 80600 kr | |
| Snitt | 109% | 72800 kr | 73600 kr |
| Age | Base salary | Monthly salary | |
|---|---|---|---|
| 35-44 | 79400 kr | 80600 kr | |
| Snitt | 109% | 72800 kr | 73600 kr |
| Age | Base salary | Monthly salary | |
|---|---|---|---|
| Snitt | 109% | 77800 kr | 79700 kr |
| Age | Base salary | Monthly salary | |
|---|---|---|---|
| Snitt | 109% | 78000 kr | 79900 kr |
| Age | Base salary | Monthly salary | |
|---|---|---|---|
| Snitt | 109% | 78000 kr | 79900 kr |
About the data
All information displayed on this page is based on data from the Swedish Central Bureau of Statistics (SCB), the Swedish Tax Agency and the Swedish employment agency. Learn more about our data and data sources here.
All figures are gross salaries, meaning salaries before tax. The average salary, or mean salary, is calculated by adding up the total salary for all individuals within the profession and dividing it by the number of individuals. For specific job categories, we have also considered various criteria such as experience and education.
Profession Insurance actuary has the SSYK code 2121, which we use to match against the SCB database to obtain the latest salary statistics.
-
Pension Expert for Limited Analysis Assignment (ITP/KPA)
Mathematicians and actuaries
Tue, 16 Jun 2026 - 21:53 -
Junior Mathematician at Thunderkick in Stockholm
Mathematicians and actuaries
Thu, 28 May 2026 - 20:59 -
Course Coordinator in Mathematics for Maintenance Technicians
Mathematicians and actuaries
Fri, 22 May 2026 - 23:53 -
Model Developer – Savings Insurance, Data & Financial Modeling
Mathematicians and actuaries
Fri, 8 May 2026 - 08:00 -
Game Developer with Mathematical Expertise – Nolimit City
Mathematicians and actuaries
Wed, 1 Apr 2026 - 13:40
Compare salary, work tasks and job outlook in adjacent occupations to find roles with similar skills or pay levels.
-
Environmental controller salary
Average salary: 49 900 SEK/month • Naturvetenskapligt arbete
Specialists in environmental protection and environmental technology
Compare with Insurance actuary
Wed, 24 Jun 2026 - 05:40 -
Average salary: 49 400 SEK/month • Naturvetenskapligt arbete
Geologists and geophysicists etc.
Compare with Insurance actuary
Wed, 24 Jun 2026 - 11:10 -
Average salary: 48 100 SEK/month • Naturvetenskapligt arbete
Cell and molecular biologists etc.
Compare with Insurance actuary
Wed, 24 Jun 2026 - 11:16 -
Average salary: 48 100 SEK/month • Naturvetenskapligt arbete
Cell and molecular biologists etc.
Compare with Insurance actuary
Wed, 24 Jun 2026 - 05:50 -
Master of Science in Engineering, biotechnology drug development salary
Average salary: 67 900 SEK/month • Naturvetenskapligt arbete
Pharmacologists and biomedical scientists
Compare with Insurance actuary
Wed, 24 Jun 2026 - 08:00 -
Average salary: 42 600 SEK/month • Naturvetenskapligt arbete
Plant and animal biologists
Compare with Insurance actuary
Tue, 23 Jun 2026 - 22:04
