Insurance actuary salary

Insurance Actuary – a deep dive into the profession

As an insurance actuary, one works to analyze and assess risks within the insurance industry. The profession requires a strong mathematical understanding and the ability to handle complex statistical models. Insurance actuaries play a key role in determining premiums and ensuring that insurance companies are financially stable. The work environment is often office-based with the possibility of remote work.

Insurance Actuary salary and salary statistics

We see that the average salary for an insurance actuary is 69 900 SEK per month. Women earn slightly more with an average salary of 70,000 SEK, while men earn 69 900 SEK. A part-time insurance actuary has an average hourly wage of 421 SEK. The highest salary in the profession is 72,700 SEK, which belongs to a woman who is a privately employed official with a post-secondary education of three years or more. The lowest salary of 55,500 SEK belongs to a man in the public sector.

Salary development over time

Insurance actuary salaries have seen a positive development. Last year, the average salary was 67 200 SEK, which indicates an increase to this year's 69 900 SEK. This points to a stable salary development within the profession.

Education and qualifications

To become an insurance actuary, a higher education in mathematics, statistics, or economics is usually required. Many actuaries hold a master's degree in these subjects and undergo specific actuarial training and certifications.

Common benefits

Insurance actuaries can expect benefits such as a company mobile phone, the opportunity for remote work, and paid training for professional development. These benefits are common in the finance and insurance industry.

Competition and challenges

There is limited information on the recruitment situation and outlook for the profession, but actuaries are generally in demand within the insurance industry. Technological shifts and changes in legislation can affect the work situation and require actuaries to stay updated with the latest trends.

Tips for those who want to work as an insurance actuary

For those considering becoming an insurance actuary, it is important to have an interest in mathematics and statistics. Staying updated with the latest technology and participating in continuing education can also be beneficial.

Career paths for insurance actuaries

After a few years of experience, insurance actuaries can advance to higher positions such as chief actuaries or specialize in specific risk areas. There is also the opportunity to work internationally.

Future prospects and demand

Although the Employment Agency does not make a specific assessment for insurance actuaries, the demand for the profession is generally stable within the insurance industry. Actuaries are crucial for assessing and managing risks in a time of rapid technological change.

Key facts about insurance actuaries

• Average salary: 69 900 SEK/month
• Education: Higher education in mathematics, statistics, or economics
• Work environment: Office-based with the possibility of remote work

Frequently asked questions about Insurance Actuaries

• What does an Insurance Actuary earn? An insurance actuary earns on average 69 900 SEK per month.
• How do you become an Insurance Actuary? To become an insurance actuary, a higher education in mathematics, statistics, or economics is required, along with specific actuarial training.
• Is it easy to get a job? The demand for actuaries is generally high in the insurance industry.
• Is it stressful to work as an Insurance Actuary? The workload can vary, but the profession requires accuracy and precision.
• What qualities are important as an Insurance Actuary? Strong mathematical skills, analytical ability, and attention to detail are important qualities.