Home > Salary > Singapore > Actuarial Analyst
An actuarial analyst is a professional who uses mathematical and statistical techniques to analyze and assess potential risks in various industries, primarily insurance and finance. They collect and analyze data, develop models and algorithms, and interpret findings to provide insights and recommendations for decision-making. Actuarial analysts are responsible for estimating the probability and potential impact of certain events, such as accidents, illnesses, or natural disasters, on the financial stability of organizations. They also help design and price insurance policies, evaluate investment strategies, and ensure regulatory compliance.
Estimated Yearly Salary: 177,948 SGD
Estimated Monthly Salary: 14,829 SGD
Estimated Weekly Salary: 3,422 SGD per week
Estimated Hourly Salary: 86 SGD per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 14,283 SGD
Estimated Weekly Salary: 3,296 SGD per week
Estimated Hourly Salary: 82 SGD per hour
Last revision of data: 2024-01-02
Estimated Yearly Salary: 88,512 USD
Estimated Monthly Salary: 7,376 USD
Estimated Weekly Salary: 1,702 USD per week
Estimated Hourly Salary: 43 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: 177,948 SGD
Estimated Monthly Salary: 14,829 SGD
Estimated Weekly Salary: 3,422 SGD per week
Estimated Hourly Salary: 86 SGD per hour
By working as Actuarial Analyst a person can save up to 4,688 USD per month or 56,256 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 Singapore, see costs of living in Singapore.
Estimated Yearly Salary for Actuarial Analyst
Last revision of data: 2025-01-04
Data as of 2025
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Actuarial Analyst salary in Singapore
Average Yearly Salary of Actuarial Analyst in Singapore is approximately 177,948 SGD (88,512 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 Analyst do?
An actuarial analyst is a professional who uses mathematical and statistical techniques to analyze and assess potential risks in various industries, primarily insurance and finance. They collect and analyze data, develop models and algorithms, and interpret findings to provide insights and recommendations for decision-making. Actuarial analysts are responsible for estimating the probability and potential impact of certain events, such as accidents, illnesses, or natural disasters, on the financial stability of organizations. They also help design and price insurance policies, evaluate investment strategies, and ensure regulatory compliance.
Skills: actuarial analysis, risk assessment, statistical modeling, data analysis, insurance industry, financial analysis
Job industry: Insurance
Job industry: Insurance
How much does Actuarial Analyst make?
Salary details
How much does Actuarial Analyst make?Estimated Yearly Salary: 177,948 SGD
Estimated Monthly Salary: 14,829 SGD
Estimated Weekly Salary: 3,422 SGD per week
Estimated Hourly Salary: 86 SGD per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 171,400 SGDEstimated Monthly Salary: 14,283 SGD
Estimated Weekly Salary: 3,296 SGD per week
Estimated Hourly Salary: 82 SGD per hour
Last revision of data: 2024-01-02Actuarial Analyst estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 88,512 USD
Estimated Monthly Salary: 7,376 USD
Estimated Weekly Salary: 1,702 USD per week
Estimated Hourly Salary: 43 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
Singapore is a vibrant and cosmopolitan city-state located in Southeast Asia. With a population of approximately 5.7 million people, it is one of the most densely populated countries in the world. Despite its small size, measuring only 719 square kilometers, Singapore has become a global hub for trade, finance, and tourism.
Estimated national average yearly salary is 95,377 SGD (67,200 USD). Value indicated is pre-tax. Below graph shows estimated Actuarial Analyst job salary compared to average salary in Singapore.
Comparison shows that a person working as Actuarial Analyst in Singapore earns on average:
1.87 times the average salary (or 187% of average salary).
Estimated national average yearly salary is 95,377 SGD (67,200 USD). Value indicated is pre-tax. Below graph shows estimated Actuarial Analyst job salary compared to average salary in Singapore.
Comparison shows that a person working as Actuarial Analyst in Singapore earns on average:
1.87 times the average salary (or 187% of average salary).
Is Actuarial Analyst a well paid job?
Yes, our data shows that Actuarial 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 Actuarial Analyst?
High salary for Actuarial Analyst would be somewhere between 195,743 SGD and 258,025 SGD. However this is an estimation based on Gaussian Distribution.How much can you save working as Actuarial Analyst in Singapore?
Living in Singapore the approximate monthly expenses are: 2,688 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: 177,948 SGD
Estimated Monthly Salary: 14,829 SGD
Estimated Weekly Salary: 3,422 SGD per week
Estimated Hourly Salary: 86 SGD per hour
By working as Actuarial Analyst a person can save up to 4,688 USD per month or 56,256 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 Singapore, see costs of living in Singapore.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Malaysia, Indonesia. 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 Analyst
Malaysia is 23,489 USD
Indonesia is 14,018 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 Singapore
(1,400,313 SGD per year, pre-tax.)
2. Cardiologist
(1,169,524 SGD per year, pre-tax.)
(1,129,281 SGD per year, pre-tax.)
(1,093,464 SGD per year, pre-tax.)
5. Neurosurgeon
(1,091,467 SGD per year, pre-tax.)
(1,068,249 SGD per year, pre-tax.)
7. Oncologist
(1,067,130 SGD per year, pre-tax.)
(1,066,002 SGD per year, pre-tax.)
(1,063,823 SGD per year, pre-tax.)
(1,063,241 SGD per year, pre-tax.)
Data as of 2025Random salary:
Senior associate broker (194,840 SGD per year, pre-tax.)
Network computer systems administrator assistant (127,452 SGD per year, pre-tax.)
Palliative care nurse (196,304 SGD per year, pre-tax.)
Natural gas utility worker (84,968 SGD per year, pre-tax.)
Petrophysicist (212,691 SGD per year, pre-tax.)
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