Home > Salary > Kenya > Actuarial Associate
An actuarial associate is a professional who works in the field of actuarial science. They are responsible for analyzing and interpreting data to assess and manage risks for insurance companies, financial institutions, and other organizations. Actuarial associates use mathematical and statistical models to calculate the probability of certain events occurring, such as accidents, illnesses, or natural disasters, and determine the financial impact of these events. They also design and evaluate insurance policies, develop pricing strategies, and provide recommendations on risk management.
Estimated Yearly Salary: 1,462,489 KES
Estimated Monthly Salary: 121,874 KES
Estimated Weekly Salary: 28,125 KES per week
Estimated Hourly Salary: 703 KES per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 117,973 KES
Estimated Weekly Salary: 27,225 KES per week
Estimated Hourly Salary: 681 KES per hour
Last revision of data: 2024-01-03
Estimated Yearly Salary: 9,293 USD
Estimated Monthly Salary: 774 USD
Estimated Weekly Salary: 179 USD per week
Estimated Hourly Salary: 4 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: 1,462,489 KES
Estimated Monthly Salary: 121,874 KES
Estimated Weekly Salary: 28,125 KES per week
Estimated Hourly Salary: 703 KES per hour
By working as Actuarial Associate a person can save up to 534 USD per month or 6,413 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 Kenya, see costs of living in Kenya.
Estimated Yearly Salary for Actuarial Associate
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
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Locksmith or safe repairer (782,379 KES per year, pre-tax.)
Aromatherapist (544,561 KES per year, pre-tax.)
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Actuarial Associate salary in Kenya
Average Yearly Salary of Actuarial Associate in Kenya is approximately 1,462,489 KES (9,293 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 Associate do?
An actuarial associate is a professional who works in the field of actuarial science. They are responsible for analyzing and interpreting data to assess and manage risks for insurance companies, financial institutions, and other organizations. Actuarial associates use mathematical and statistical models to calculate the probability of certain events occurring, such as accidents, illnesses, or natural disasters, and determine the financial impact of these events. They also design and evaluate insurance policies, develop pricing strategies, and provide recommendations on risk management.
Skills: Actuarial science, Risk assessment, Data analysis, Statistical modeling, Insurance industry, Risk management
Job industry: Insurance
Job industry: Insurance
How much does Actuarial Associate make?
Salary details
How much does Actuarial Associate make?Estimated Yearly Salary: 1,462,489 KES
Estimated Monthly Salary: 121,874 KES
Estimated Weekly Salary: 28,125 KES per week
Estimated Hourly Salary: 703 KES per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 1,415,680 KESEstimated Monthly Salary: 117,973 KES
Estimated Weekly Salary: 27,225 KES per week
Estimated Hourly Salary: 681 KES per hour
Last revision of data: 2024-01-03Actuarial Associate estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 9,293 USD
Estimated Monthly Salary: 774 USD
Estimated Weekly Salary: 179 USD per week
Estimated Hourly Salary: 4 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
Kenya is a country located in East Africa. It has a diverse population of approximately 53 million people. The land area of Kenya is around 580,367 square kilometers, making it the 48th largest country in the world. It is bordered by Ethiopia to the north, Somalia to the northeast, Tanzania to the south, Uganda to the west, and South Sudan to the northwest.
Estimated national average yearly salary is 869,520 KES (6,000 USD). Value indicated is pre-tax. Below graph shows estimated Actuarial Associate job salary compared to average salary in Kenya.
Comparison shows that a person working as Actuarial Associate in Kenya earns on average:
1.68 times the average salary (or 168% of average salary).
Estimated national average yearly salary is 869,520 KES (6,000 USD). Value indicated is pre-tax. Below graph shows estimated Actuarial Associate job salary compared to average salary in Kenya.
Comparison shows that a person working as Actuarial Associate in Kenya earns on average:
1.68 times the average salary (or 168% of average salary).
Is Actuarial Associate a well paid job?
Yes, our data shows that Actuarial Associate is a 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 Associate?
High salary for Actuarial Associate would be somewhere between 1,608,738 KES and 2,120,609 KES. However this is an estimation based on Gaussian Distribution.How much can you save working as Actuarial Associate in Kenya?
Living in Kenya the approximate monthly expenses are: 240 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: 1,462,489 KES
Estimated Monthly Salary: 121,874 KES
Estimated Weekly Salary: 28,125 KES per week
Estimated Hourly Salary: 703 KES per hour
By working as Actuarial Associate a person can save up to 534 USD per month or 6,413 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 Kenya, see costs of living in Kenya.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Ethiopia, Somalia, South Sudan, Tanzania, Uganda.. 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 Associate
Ethiopia is 2,958 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 Kenya
(9,866,711 KES per year, pre-tax.)
2. Cardiologist
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4. Neurosurgeon
(7,706,816 KES per year, pre-tax.)
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8. Urologist
(7,514,557 KES per year, pre-tax.)
9. Oncologist
(7,503,914 KES per year, pre-tax.)
(7,503,863 KES per year, pre-tax.)
Data as of 2025Random salary:
Manufacturing engineer supervisor (1,304,280 KES per year, pre-tax.)
Digital project manager (1,060,814 KES per year, pre-tax.)
Locksmith or safe repairer (782,379 KES per year, pre-tax.)
Aromatherapist (544,561 KES per year, pre-tax.)
Licensed paraplanner (591,597 KES per year, pre-tax.)
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