Avg. Base Salary (ZAR)
The average salary for an Actuary is R300,000
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 R622,538 based on 26 salaries. A mid-career Actuary with 5-9 years of experience earns an average total compensation of R871,969 based on 36 salaries. An experienced Actuary with 10-19 years of …Read more
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 …Read more