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:

586K - 1.9M MMK

10% earn less lthan 586K MMK

10% earns more than 1.9M MMK

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What does the data in the graph mean?

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 586,146 MMK and 1,917,504 MMK monthly net.

10% of employees earn less than 586,146 MMK and 10% of people earn more than 1,917,504 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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The most common career path of an employee

The graphic shows how employees most often progress in their careers. Click on the name of the position to get to its detail with salary data.

Position Actuary - Insurance in the labour market

The job position is
in the salary ranking on

109 place

Women representation in position

n/a

Average age of respondent in position

n/a

772. place

Receptionist

Administration

191,037 - 430,759 MMK

110. place

IT System Administrator

Information Technology

551,474 - 1,937,761 MMK

109. place

Actuary

Insurance

586,146 - 1,917,504 MMK

108. place

User Experience Expert

Information Technology

505,854 - 2,037,523 MMK

1. place

Senior Project Manager

Management

928,190 - 5,944,529 MMK

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The salary report contains:

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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