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Insurance

Actuary

Average gross salary in Myanmar 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:
468K - 1.5M MMK
10% earn less lthan 468K MMK
10% earns more than 1.5M MMK

Salaries in the survey are expressed in gross.

Based on the myanmar.paylab.com salary survey, 80% of people on the Actuary position in the Myanmar earn between 467,662 MMK and 1,523,766 MMK monthly net.

10% of employees earn less than 467,662 MMK and 10% of people earn more than 1,523,766 MMK.

The survey is based on data from employees, cleaned of extreme and duplicate values.

Description of job position

  • 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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Position Actuary - Insurance in the labour market

The job position is
in the salary ranking on

105 place

Women representation in position

n/a

Average age of respondent in position

n/a

773. place

Nursery School Teacher Assistant

Education, Science & Research

Salary group 1

190,644 - 424,410 MMK

106. place

Mechanization Manager

Mechanical Engineering

Salary group 2

519,310 - 1,447,090 MMK

105. place

Actuary

Insurance

Salary group 2

467,662 - 1,523,766 MMK

104. place

Ruby Developer/Programmer

Information Technology

Salary group 2

1. place

IT Director

Top Management

Salary group 3

717,184 - 3,896,853 MMK

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