The average salary for an Actuary with Data Analysis skills in India is ₹1,291,103.
Tell us about your job and pay factors like skills and education Find your market worth with a report tailored to you Negotiate your pay with confidence
What Do Actuaries Do?
Actuaries play a key role in insurance companies by serving as analysts who help determine whether the company should issue an insurance policy and what the premium for that policy should be. They use a great deal of statistical analysis in their work, as they examine huge amounts of data related to costing and trends. Insurance companies must always maintain their financial health, and the role of the actuary is to manage risk in the delicate balance between issuing policies (and the costs paid…Read more
- Analyze statistical data, such as mortality, accident, sickness, disability, and retirement rates and construct probability tables to forecast risk and liability for payment of future benefits.
- May ascertain premium rates required and cash reserves necessary to ensure payment of future benefits.
What Are Popular Skills for Actuaries?
Skills in Pricing, Financial Modeling, Statistical Analysis, Insurance and Financial Analysis are correlated to pay that is above average.
What is the Pay by Experience Level for Actuaries?
An early career Actuary with 1-4 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of ₹774,194 based on 6 salaries. An experienced Actuary with 10-19 years of experience earns an average total compensation of ₹6,519,000 based on 5 salaries.
Pay Difference by Location
Years of Experience
This data is based on 11 survey responses.