Avg. Base Salary (ZAR)
The average salary for an Actuary is R1,089,908
What is the Pay by Experience Level for Actuaries?
A mid-career Actuary with 5-9 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of R800,000 based on 12 salaries. An experienced Actuary with 10-19 years of experience earns an average total compensation of R1,174,468 based on 5 salaries.
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