Actuarial Assistant salary in Latvia

Average Yearly Salary of Actuarial Assistant in Latvia is approximately 28,934 EUR (28,947 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 Assistant do?

An actuarial assistant is responsible for providing support to actuaries in the insurance and financial industries. They assist in analyzing data, conducting research, and developing models to evaluate and manage risk. Actuarial assistants help in preparing reports, presentations, and recommendations based on their analysis. They may also assist in pricing insurance policies, calculating premiums, and determining reserves. Actuarial assistants need strong analytical and mathematical skills to work with complex data sets and perform statistical analysis. They must have a solid understanding of financial concepts, insurance principles, and risk management techniques. Attention to detail, problem-solving abilities, and proficiency in computer software, such as Excel and statistical modeling tools, are essential for this role.

Skills: Actuarial analysis, Risk management, Insurance industry, Financial analysis, Statistical modeling, Data analysis
Job industry: Insurance

How much does Actuarial Assistant make?

Difference in salary year over year or average salary increase is approximately 4 %


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Salary comparison to National average

Is Actuarial Assistant a well paid job?

Yes, our data shows that Actuarial Assistant 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 Assistant?

High salary for Actuarial Assistant would be somewhere between 31,827 EUR and 41,954 EUR. However this is an estimation based on Gaussian Distribution.

How much can you save working as Actuarial Assistant in Latvia?

Living in Latvia the approximate monthly expenses are: 860 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: 28,934 EUR
Estimated Monthly Salary: 2,411 EUR
Estimated Weekly Salary: 556 EUR per week
Estimated Hourly Salary: 14 EUR per hour
By working as Actuarial Assistant a person can save up to 1,552 USD per month or 18,627 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 Latvia, see costs of living in Latvia.

Salary comparison to region and neighbouring coutries

Country's neighbours are: Estonia, Russia, Belarus, Lithuania..
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 Assistant

Last revision of data: 2025-01-04

Salary 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 increase

NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

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Data as of 2025

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