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An actuarial manager is a professional responsible for managing and overseeing the actuarial function within an organization. They play a crucial role in assessing and managing risks, analyzing data, and providing insights to support strategic decision-making. Actuarial managers work closely with senior management and other stakeholders to develop and implement risk management strategies, ensuring the financial stability and profitability of the organization.
Their key responsibilities include leading a team of actuaries, conducting complex statistical analyses, developing and maintaining actuarial models, collaborating with underwriters and claims professionals, and ensuring compliance with regulatory requirements. Actuarial managers also provide guidance on pricing, reserving, and investment strategies, as well as contribute to the development of new products and services.
Estimated Yearly Salary: 97,096 KWD
Estimated Monthly Salary: 8,091 KWD
Estimated Weekly Salary: 1,867 KWD per week
Estimated Hourly Salary: 47 KWD per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 7,812 KWD
Estimated Weekly Salary: 1,803 KWD per week
Estimated Hourly Salary: 45 KWD per hour
Last revision of data: 2024-02-12
Estimated Yearly Salary: 32,449 USD
Estimated Monthly Salary: 2,704 USD
Estimated Weekly Salary: 624 USD per week
Estimated Hourly Salary: 16 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %
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: 97,096 KWD
Estimated Monthly Salary: 8,091 KWD
Estimated Weekly Salary: 1,867 KWD per week
Estimated Hourly Salary: 47 KWD per hour
By working as Actuarial Manager a person can save up to 1,104 USD per month or 13,249 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 Kuwait, see costs of living in Kuwait.
Estimated Yearly Salary for Actuarial Manager
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
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Actuarial Manager salary in Kuwait
Average Yearly Salary of Actuarial Manager in Kuwait is approximately 97,096 KWD (32,449 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 Manager do?
An actuarial manager is a professional responsible for managing and overseeing the actuarial function within an organization. They play a crucial role in assessing and managing risks, analyzing data, and providing insights to support strategic decision-making. Actuarial managers work closely with senior management and other stakeholders to develop and implement risk management strategies, ensuring the financial stability and profitability of the organization.
Their key responsibilities include leading a team of actuaries, conducting complex statistical analyses, developing and maintaining actuarial models, collaborating with underwriters and claims professionals, and ensuring compliance with regulatory requirements. Actuarial managers also provide guidance on pricing, reserving, and investment strategies, as well as contribute to the development of new products and services.
Skills: Actuarial management, Risk assessment, Data analysis, Strategic decision-making, Financial stability, Regulatory compliance.
Job industry: Insurance
Job industry: Insurance
How much does Actuarial Manager make?
Salary details
How much does Actuarial Manager make?Estimated Yearly Salary: 97,096 KWD
Estimated Monthly Salary: 8,091 KWD
Estimated Weekly Salary: 1,867 KWD per week
Estimated Hourly Salary: 47 KWD per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 93,740 KWDEstimated Monthly Salary: 7,812 KWD
Estimated Weekly Salary: 1,803 KWD per week
Estimated Hourly Salary: 45 KWD per hour
Last revision of data: 2024-02-12Actuarial Manager estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 32,449 USD
Estimated Monthly Salary: 2,704 USD
Estimated Weekly Salary: 624 USD per week
Estimated Hourly Salary: 16 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %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
Kuwait is a small country located in the Middle East. It has a population of approximately 4 million people and covers an area of around 17,818 square kilometers. The country is bordered by Saudi Arabia to the south and Iraq to the north.
Estimated national average yearly salary is 12,300 KWD (40,000 USD). Value indicated is pre-tax. Below graph shows estimated Actuarial Manager job salary compared to average salary in Kuwait.
Comparison shows that a person working as Actuarial Manager in Kuwait earns on average:
7.89 times the average salary (or 789% of average salary).
Estimated national average yearly salary is 12,300 KWD (40,000 USD). Value indicated is pre-tax. Below graph shows estimated Actuarial Manager job salary compared to average salary in Kuwait.
Comparison shows that a person working as Actuarial Manager in Kuwait earns on average:
7.89 times the average salary (or 789% of average salary).
Is Actuarial Manager a well paid job?
Yes, our data shows that Actuarial Manager is an extremely 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 Manager?
High salary for Actuarial Manager would be somewhere between 106,806 KWD and 140,789 KWD. However this is an estimation based on Gaussian Distribution.How much can you save working as Actuarial Manager in Kuwait?
Living in Kuwait the approximate monthly expenses are: 1,600 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: 97,096 KWD
Estimated Monthly Salary: 8,091 KWD
Estimated Weekly Salary: 1,867 KWD per week
Estimated Hourly Salary: 47 KWD per hour
By working as Actuarial Manager a person can save up to 1,104 USD per month or 13,249 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 Kuwait, see costs of living in Kuwait.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Saudi Arabia, Iraq. 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 Manager
Saudi Arabia is 66,896 USD
Iraq is 14,515 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 Kuwait
(419,012 KWD per year, pre-tax.)
2. Cardiologist
(348,639 KWD per year, pre-tax.)
(336,866 KWD per year, pre-tax.)
4. Neurosurgeon
(324,311 KWD per year, pre-tax.)
(324,112 KWD per year, pre-tax.)
(317,580 KWD per year, pre-tax.)
(317,445 KWD per year, pre-tax.)
(317,318 KWD per year, pre-tax.)
9. Urologist
(317,161 KWD per year, pre-tax.)
10. Plastic surgeon
(316,850 KWD per year, pre-tax.)
Data as of 2025Random salary:
Utilities superintendent (62,472 KWD per year, pre-tax.)
Key account manager (59,491 KWD per year, pre-tax.)
Italian translator (27,539 KWD per year, pre-tax.)
Pay-per-click (ppc), manager (43,164 KWD per year, pre-tax.)
Cameraman (38,707 KWD per year, pre-tax.)
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