Reinsurance Analyst salary in Latvia

Average Yearly Salary of Reinsurance Analyst in Latvia is approximately 26,689 EUR (26,669 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 Reinsurance Analyst do?

A reinsurance analyst is responsible for analyzing and evaluating the risks associated with insurance policies and determining the appropriate level of reinsurance coverage required. They assess the financial stability and performance of insurance companies, analyze data and trends to identify potential risks and opportunities, and develop strategies to mitigate those risks. Reinsurance analysts also collaborate with underwriters and actuaries to design reinsurance programs that align with the company's risk appetite and profitability goals. They monitor and review reinsurance contracts, ensuring compliance with regulatory requirements and negotiating terms and conditions as necessary. Additionally, they provide reports and recommendations to senior management, contribute to the development of pricing models, and stay updated on industry trends and market conditions.

Skills: Reinsurance, Analyst, Risk assessment, Data analysis, Reinsurance contracts, Insurance industry.
Job industry: Insurance

How much does Reinsurance Analyst make?

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


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Salary comparison to National average

Is Reinsurance Analyst a well paid job?

Yes, our data shows that Reinsurance Analyst 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 Reinsurance Analyst?

High salary for Reinsurance Analyst would be somewhere between 29,358 EUR and 38,699 EUR. However this is an estimation based on Gaussian Distribution.

How much can you save working as Reinsurance Analyst 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: 26,689 EUR
Estimated Monthly Salary: 2,224 EUR
Estimated Weekly Salary: 513 EUR per week
Estimated Hourly Salary: 13 EUR per hour
By working as Reinsurance Analyst a person can save up to 1,362 USD per month or 16,349 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 Reinsurance Analyst

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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