Home > Salary > Iceland > Actuarial Director
An actuarial director is a senior-level professional responsible for managing and directing the actuarial department within an organization. They play a crucial role in assessing and managing risks related to insurance, pensions, investments, and other financial products. Actuarial directors oversee the development and implementation of actuarial models, methodologies, and strategies to ensure accurate pricing, reserving, and financial reporting. They collaborate with other departments such as finance, underwriting, and product development to provide insights and recommendations on risk management and profitability.
Estimated Yearly Salary: 29,930,584 ISK
Estimated Monthly Salary: 2,494,215 ISK
Estimated Weekly Salary: 575,588 ISK per week
Estimated Hourly Salary: 14,390 ISK per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 2,410,253 ISK
Estimated Weekly Salary: 556,212 ISK per week
Estimated Hourly Salary: 13,905 ISK per hour
Last revision of data: 2024-01-09
Estimated Yearly Salary: 209,583 USD
Estimated Monthly Salary: 17,465 USD
Estimated Weekly Salary: 4,030 USD per week
Estimated Hourly Salary: 101 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %
Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Estimated Yearly Salary: 29,930,584 ISK
Estimated Monthly Salary: 2,494,215 ISK
Estimated Weekly Salary: 575,588 ISK per week
Estimated Hourly Salary: 14,390 ISK per hour
By working as Actuarial Director a person can save up to 14,736 USD per month or 176,837 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Iceland, see costs of living in Iceland.
Estimated Yearly Salary for Actuarial Director
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
Project control analyst (11,276,699 ISK per year, pre-tax.)
Sleep lab supervisor (13,079,209 ISK per year, pre-tax.)
Student services manager (7,117,224 ISK per year, pre-tax.)
Communications manager (12,653,784 ISK per year, pre-tax.)
Label manager (10,113,306 ISK per year, pre-tax.)
Actuarial Director salary in Iceland
Average Yearly Salary of Actuarial Director in Iceland is approximately 29,930,584 ISK (209,583 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.
What does Actuarial Director do?
An actuarial director is a senior-level professional responsible for managing and directing the actuarial department within an organization. They play a crucial role in assessing and managing risks related to insurance, pensions, investments, and other financial products. Actuarial directors oversee the development and implementation of actuarial models, methodologies, and strategies to ensure accurate pricing, reserving, and financial reporting. They collaborate with other departments such as finance, underwriting, and product development to provide insights and recommendations on risk management and profitability.
Skills: Actuarial analysis, Risk management, Financial modeling, Insurance industry, Pension schemes, Strategic planning
Job industry: Insurance
Job industry: Insurance
How much does Actuarial Director make?
Salary details
How much does Actuarial Director make?Estimated Yearly Salary: 29,930,584 ISK
Estimated Monthly Salary: 2,494,215 ISK
Estimated Weekly Salary: 575,588 ISK per week
Estimated Hourly Salary: 14,390 ISK per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 28,923,037 ISKEstimated Monthly Salary: 2,410,253 ISK
Estimated Weekly Salary: 556,212 ISK per week
Estimated Hourly Salary: 13,905 ISK per hour
Last revision of data: 2024-01-09Actuarial Director estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 209,583 USD
Estimated Monthly Salary: 17,465 USD
Estimated Weekly Salary: 4,030 USD per week
Estimated Hourly Salary: 101 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %About these results
Data confidence is - relatively high Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Compare salary to other countries
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Country:
Salary comparison to National average
Iceland, a Nordic island country located in the North Atlantic Ocean, is known for its stunning natural landscapes and unique geological features. With a population of approximately 366,000 people, Iceland is one of the least densely populated countries in Europe. The country covers an area of about 103,000 square kilometers, making it the 18th largest island in the world.
Estimated national average yearly salary is 8,949,782 ISK (68,220 USD). Value indicated is pre-tax. Below graph shows estimated Actuarial Director job salary compared to average salary in Iceland.
Comparison shows that a person working as Actuarial Director in Iceland earns on average:
3.34 times the average salary (or 334% of average salary).
Estimated national average yearly salary is 8,949,782 ISK (68,220 USD). Value indicated is pre-tax. Below graph shows estimated Actuarial Director job salary compared to average salary in Iceland.
Comparison shows that a person working as Actuarial Director in Iceland earns on average:
3.34 times the average salary (or 334% of average salary).
Is Actuarial Director a well paid job?
Yes, our data show that Actuarial Director is a very well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.What is considered a high salary for Actuarial Director?
High salary for Actuarial Director would be somewhere between 32,923,642 ISK and 43,399,347 ISK. However this is an estimation based on Gaussian Distribution.How much can you save working as Actuarial Director in Iceland?
Living in Iceland the approximate monthly expenses are: 2,729 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.Estimated Yearly Salary: 29,930,584 ISK
Estimated Monthly Salary: 2,494,215 ISK
Estimated Weekly Salary: 575,588 ISK per week
Estimated Hourly Salary: 14,390 ISK per hour
By working as Actuarial Director a person can save up to 14,736 USD per month or 176,837 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Iceland, see costs of living in Iceland.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Norway, Faroe Islands, United Kingdom. To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).Estimated Yearly Salary for Actuarial Director
Norway is 292,212 USD
United Kingdom is 137,115 USD
Last revision of data: 2025-01-04Salary increase per years of experience
Based on data available the salary increase per years of experience is as following- 0 years (beginner) equals base salary
- 1 to 5 years of experience yields
+12% salary increase- 6 to 10 years of experience yields
+25% salary increase- 11 to 15 years of experience yields
+16% salary increase- 16 to 25 years of experience yields
+9% salary increase- more than 25 years of experience yields
+10% salary increaseTop 10 highest salaries in Iceland
(101,519,791 ISK per year, pre-tax.)
2. Cardiologist
(84,892,494 ISK per year, pre-tax.)
(82,036,676 ISK per year, pre-tax.)
4. Neurosurgeon
(79,530,435 ISK per year, pre-tax.)
(79,217,486 ISK per year, pre-tax.)
(77,544,423 ISK per year, pre-tax.)
(77,443,218 ISK per year, pre-tax.)
(77,278,803 ISK per year, pre-tax.)
9. Oncologist
(77,260,671 ISK per year, pre-tax.)
(77,231,503 ISK per year, pre-tax.)
Data as of 2025Random salary:
Project control analyst (11,276,699 ISK per year, pre-tax.)
Sleep lab supervisor (13,079,209 ISK per year, pre-tax.)
Student services manager (7,117,224 ISK per year, pre-tax.)
Communications manager (12,653,784 ISK per year, pre-tax.)
Label manager (10,113,306 ISK per year, pre-tax.)
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