Home > Salary > Norway > Actuarial Director
An actuarial director is a senior-level professional responsible for managing and directing the actuarial department within an organization. They play a crucial role in assessing and managing risks related to insurance, pensions, investments, and other financial products. Actuarial directors oversee the development and implementation of actuarial models, methodologies, and strategies to ensure accurate pricing, reserving, and financial reporting. They collaborate with other departments such as finance, underwriting, and product development to provide insights and recommendations on risk management and profitability.
Estimated Yearly Salary: 3,216,524 NOK
Estimated Monthly Salary: 268,044 NOK
Estimated Weekly Salary: 61,856 NOK per week
Estimated Hourly Salary: 1,546 NOK per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 259,571 NOK
Estimated Weekly Salary: 59,901 NOK per week
Estimated Hourly Salary: 1,498 NOK per hour
Last revision of data: 2024-01-08
Estimated Yearly Salary: 292,212 USD
Estimated Monthly Salary: 24,351 USD
Estimated Weekly Salary: 5,619 USD per week
Estimated Hourly Salary: 140 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: 3,216,524 NOK
Estimated Monthly Salary: 268,044 NOK
Estimated Weekly Salary: 61,856 NOK per week
Estimated Hourly Salary: 1,546 NOK per hour
By working as Actuarial Director a person can save up to 20,531 USD per month or 246,367 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 Norway, see costs of living in Norway.
Estimated Yearly Salary for Actuarial Director
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
Marketing communications associate (1,011,041 NOK per year, pre-tax.)
Quality inspector (689,802 NOK per year, pre-tax.)
Business continuity director (2,332,598 NOK per year, pre-tax.)
Assistant director of finance (1,588,399 NOK per year, pre-tax.)
Instrument and electrical technician (1,010,107 NOK per year, pre-tax.)
Actuarial Director salary in Norway
Average Yearly Salary of Actuarial Director in Norway is approximately 3,216,524 NOK (292,212 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 Director do?
An actuarial director is a senior-level professional responsible for managing and directing the actuarial department within an organization. They play a crucial role in assessing and managing risks related to insurance, pensions, investments, and other financial products. Actuarial directors oversee the development and implementation of actuarial models, methodologies, and strategies to ensure accurate pricing, reserving, and financial reporting. They collaborate with other departments such as finance, underwriting, and product development to provide insights and recommendations on risk management and profitability.
Skills: Actuarial analysis, Risk management, Financial modeling, Insurance industry, Pension schemes, Strategic planning
Job industry: Insurance
Job industry: Insurance
How much does Actuarial Director make?
Salary details
How much does Actuarial Director make?Estimated Yearly Salary: 3,216,524 NOK
Estimated Monthly Salary: 268,044 NOK
Estimated Weekly Salary: 61,856 NOK per week
Estimated Hourly Salary: 1,546 NOK per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 3,114,848 NOKEstimated Monthly Salary: 259,571 NOK
Estimated Weekly Salary: 59,901 NOK per week
Estimated Hourly Salary: 1,498 NOK per hour
Last revision of data: 2024-01-08Actuarial Director estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 292,212 USD
Estimated Monthly Salary: 24,351 USD
Estimated Weekly Salary: 5,619 USD per week
Estimated Hourly Salary: 140 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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Salary comparison to National average
Norway, located in Northern Europe, is a country known for its stunning natural landscapes, including fjords, mountains, and forests. With a population of approximately 5.4 million people, it is one of the least densely populated countries in Europe. The size of Norway is around 323,802 square kilometers, making it larger than many European countries.
Estimated national average yearly salary is 977,067 NOK (95,510 USD). Value indicated is pre-tax. Below graph shows estimated Actuarial Director job salary compared to average salary in Norway.
Comparison shows that a person working as Actuarial Director in Norway earns on average:
3.29 times the average salary (or 329% of average salary).
Estimated national average yearly salary is 977,067 NOK (95,510 USD). Value indicated is pre-tax. Below graph shows estimated Actuarial Director job salary compared to average salary in Norway.
Comparison shows that a person working as Actuarial Director in Norway earns on average:
3.29 times the average salary (or 329% of average salary).
Is Actuarial Director a well paid job?
Yes, our data show that Actuarial Director 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 Actuarial Director?
High salary for Actuarial Director would be somewhere between 3,538,176 NOK and 4,663,960 NOK. However this is an estimation based on Gaussian Distribution.How much can you save working as Actuarial Director in Norway?
Living in Norway the approximate monthly expenses are: 3,820 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: 3,216,524 NOK
Estimated Monthly Salary: 268,044 NOK
Estimated Weekly Salary: 61,856 NOK per week
Estimated Hourly Salary: 1,546 NOK per hour
By working as Actuarial Director a person can save up to 20,531 USD per month or 246,367 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 Norway, see costs of living in Norway.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Sweden, Finland, Russia, Denmark. 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 Director
Sweden is 192,912 USD
Finland is 166,422 USD
Russia is 39,246 USD
Denmark is 225,484 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 Norway
(10,937,756 NOK per year, pre-tax.)
2. Cardiologist
(9,106,184 NOK per year, pre-tax.)
(8,829,745 NOK per year, pre-tax.)
4. Neurosurgeon
(8,566,101 NOK per year, pre-tax.)
(8,524,526 NOK per year, pre-tax.)
6. Oncologist
(8,361,766 NOK per year, pre-tax.)
7. Urologist
(8,317,150 NOK per year, pre-tax.)
(8,311,831 NOK per year, pre-tax.)
(8,311,163 NOK per year, pre-tax.)
(8,310,747 NOK per year, pre-tax.)
Data as of 2025Random salary:
Marketing communications associate (1,011,041 NOK per year, pre-tax.)
Quality inspector (689,802 NOK per year, pre-tax.)
Business continuity director (2,332,598 NOK per year, pre-tax.)
Assistant director of finance (1,588,399 NOK per year, pre-tax.)
Instrument and electrical technician (1,010,107 NOK per year, pre-tax.)
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All salary figures on this website are for informational use exclusively. We gather data from numerous trusted sources, yet do not ensure complete precision. Before making financial decisions, users should cross-check with additional authoritative sources. Salaries fluctuate due to several influences, including economic conditions, job market trends, and geographic location. We disclaim any liability for errors in the salary estimates provided here. Your engagement with this website constitutes agreement of this policy.