Home > Salary > Monaco > Senior Actuary
A senior actuary is a highly skilled professional who specializes in assessing and managing financial risks for insurance companies, consulting firms, or government agencies. They use mathematical and statistical models to analyze data and make predictions about future events, such as mortality rates, accident frequencies, or investment returns. Senior actuaries play a crucial role in determining insurance premiums, designing pension plans, and evaluating the financial stability of insurance companies.
Their responsibilities include conducting complex risk assessments, developing pricing models, and providing guidance on strategic planning and decision-making. They also collaborate with other professionals, such as underwriters, investment managers, and executives, to ensure the financial health and profitability of their organizations. Strong analytical skills, attention to detail, and the ability to communicate complex concepts in a clear manner are essential for success in this occupation.
Estimated Yearly Salary: 455,020 EUR
Estimated Monthly Salary: 37,918 EUR
Estimated Weekly Salary: 8,750 EUR per week
Estimated Hourly Salary: 219 EUR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 36,509 EUR
Estimated Weekly Salary: 8,425 EUR per week
Estimated Hourly Salary: 211 EUR per hour
Last revision of data: 2024-01-07
Estimated Yearly Salary: 453,300 USD
Estimated Monthly Salary: 37,775 USD
Estimated Weekly Salary: 8,717 USD per week
Estimated Hourly Salary: 218 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.
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Estimated Yearly Salary: 455,020 EUR
Estimated Monthly Salary: 37,918 EUR
Estimated Weekly Salary: 8,750 EUR per week
Estimated Hourly Salary: 219 EUR per hour
By working as Senior Actuary a person can save up to 30,332 USD per month or 363,982 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 Monaco, see costs of living in Monaco.
Estimated Yearly Salary for Senior Actuary
Last revision of data: 2025-01-04
Data as of 2025
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Senior Actuary salary in Monaco
Average Yearly Salary of Senior Actuary in Monaco is approximately 455,020 EUR (453,300 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 Senior Actuary do?

Skills: Senior Actuary, Risk Assessment, Financial Modeling, Insurance Pricing, Pension Planning, Data Analysis
Job industry: Insurance
Job industry: Insurance
How much does Senior Actuary make?
Salary details
How much does Senior Actuary make?Estimated Yearly Salary: 455,020 EUR
Estimated Monthly Salary: 37,918 EUR
Estimated Weekly Salary: 8,750 EUR per week
Estimated Hourly Salary: 219 EUR per hour
Comparing salary to last year:
Estimated Yearly Salary: 438,107 EUREstimated Monthly Salary: 36,509 EUR
Estimated Weekly Salary: 8,425 EUR per week
Estimated Hourly Salary: 211 EUR per hour
Senior Actuary estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 453,300 USD
Estimated Monthly Salary: 37,775 USD
Estimated Weekly Salary: 8,717 USD per week
Estimated Hourly Salary: 218 USD per hour
Difference in salary year over year or average salary increase is approximately
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
Monaco is a small sovereign city-state located on the French Riviera. With a population of approximately 38,000 people, it is the second smallest country in the world by population. Covering an area of just 2.02 square kilometers, Monaco is also one of the most densely populated countries globally.
Estimated national average yearly salary is 170,319 EUR (186,080 USD). Value indicated is pre-tax. Below graph shows estimated Senior Actuary job salary compared to average salary in Monaco.
Comparison shows that a person working as Senior Actuary in Monaco earns on average:
2.67 times the average salary (or 267% of average salary).
Estimated national average yearly salary is 170,319 EUR (186,080 USD). Value indicated is pre-tax. Below graph shows estimated Senior Actuary job salary compared to average salary in Monaco.
Comparison shows that a person working as Senior Actuary in Monaco earns on average:
2.67 times the average salary (or 267% of average salary).
Is Senior Actuary a well paid job?
Yes, our data show that Senior Actuary 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 Senior Actuary?
High salary for Senior Actuary would be somewhere between 500,522 EUR and 659,779 EUR. However this is an estimation based on Gaussian Distribution.How much can you save working as Senior Actuary in Monaco?
Living in Monaco the approximate monthly expenses are: 7,443 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: 455,020 EUR
Estimated Monthly Salary: 37,918 EUR
Estimated Weekly Salary: 8,750 EUR per week
Estimated Hourly Salary: 219 EUR per hour
By working as Senior Actuary a person can save up to 30,332 USD per month or 363,982 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 Monaco, see costs of living in Monaco.
Salary comparison to region and neighbouring coutries
Country's neighbours are: France, Italy. To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).Estimated Yearly Salary for Senior Actuary
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
- 6 to 10 years of experience yields
- 11 to 15 years of experience yields
- 16 to 25 years of experience yields
- more than 25 years of experience yields
Top 10 highest salaries in Monaco
(1,948,030 EUR per year, pre-tax.)
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4. Neurosurgeon
(1,512,413 EUR per year, pre-tax.)
(1,512,144 EUR per year, pre-tax.)
(1,480,748 EUR per year, pre-tax.)
7. Urologist
(1,478,011 EUR per year, pre-tax.)
(1,476,615 EUR per year, pre-tax.)
9. Oncologist
(1,474,879 EUR per year, pre-tax.)
(1,470,635 EUR per year, pre-tax.)
Random salary:
Education administrator elementary and secondary school (202,679 EUR per year, pre-tax.)
Managed care supervisor (194,164 EUR per year, pre-tax.)
Chief underwriter (513,153 EUR per year, pre-tax.)
Allied health teacher (117,520 EUR per year, pre-tax.)
Assistant jewelry designer (139,951 EUR per year, pre-tax.)
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