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Salary data for country: Svalbard and Jan Mayen
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Insurance

Salary for position Reinsurance Specialist in Svalbard and Jan Mayen

Gross salary in Svalbard and Jan Mayen is
An employee's salary is influenced by several factors, primarily the region in which they work, length of experience, company size, and more.
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80% of people earn:
17K - 37K NOK
10% earn less lthan 17K NOK
10% earns more than 37K NOK
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Salaries in the survey are expressed in gross.

Based on the Paylab.com salary survey, 80% of people on the Reinsurance Specialist position in the Svalbard and Jan Mayen earn between 16,816 NOK and 37,284 NOK monthly gross.

10% of employees earn less than 16,816 NOK and 10% of people earn more than 37,284 NOK.

The survey is based on data from employees, cleaned of extreme and duplicate values. By taking a free, anonymous survey, you will get a more accurate salary comparison with other people working in the same position as you.
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What kind of work does Reinsurance Specialist typically do

  • Processing the proposals of the company’s actuarial capacity to ensure individual risk groups.
  • Drafting reinsurance program proposals (obligatory reinsurance).
  • Negotiating the terms of reinsurance agreements with reinsurers, and ensuring compliance.
  • Defining the parameters of reinsurance contracts in the information system.
  • Preparing specifications for the IT processing of reinsurance risks in the information system.
  • Ensuring commutation (termination) processes of proportional reinsurance contracts.
  • Providing expert consultation of policy conditions regarding individual business cases for departments developing insurance products.
  • Ensuring facultative reinsurance and special acceptances for individual risks.
  • Reimbursing premiums and settling the performance of reinsurers.
  • Preparing documents for accounting.
  • Preparing analyses and reports for the reinsurers, board, auditors, and supervising bodies of the company.

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The most common career path of an employee

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Position Reinsurance Specialist in the labour market

In the salary ranking,
the job position takes

215. place

Women representation in position

n/a

Average age of respondent by position

n/a

731. place

Nursery School Teacher Assistant

Education, Science & Research

Salary group 1

7,200 - 16,252 NOK

216. place

Business Analyst

Commerce

Salary group 2

13,692 - 41,546 NOK

215. place

Reinsurance Specialist

Insurance

Salary group 2

16,816 - 37,284 NOK

214. place

Process Engineer

Electrical & Power Engineering

Salary group 2

18,757 - 34,798 NOK

1. place

Chief Executive Officer

Top Management

Salary group 3

50,692 - 131,482 NOK

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Frequently asked Questions

Frequently asked questions and answers about the salary for the position Reinsurance Specialist.

The total gross salary for the position Reinsurance Specialist ranges between 14,979 NOK and 57,605 NOK per month. For an accurate comparison, we recommend checking your salary through the questionnaire on Paylab.com to get a more precise view of the salary, considering the region where you work.

The highest-earning employees in the position Reinsurance Specialist have a total gross salary of at least 37,284 NOK per month.

10% of the highest-earning employees in this position have a total gross salary higher than 37,284 NOK per month, and 10% of the lowest-earning employees in this position have a total gross salary lower than 16,816 NOK per month. By participating in our salary survey, you will get an accurate comparison of your salary with the market average, considering the region where you work.

After working for 5 years, the position Reinsurance Specialist earns 29,418 NOK per month gross.

You need to be well prepared for salary negotiations. During salary negotiation, we recommend focusing on the following aspects:
  • find out the current market value of the position – on Paylab.com you can check it for free and anonymously
  • highlight your experience and achievements – it is good to time the salary discussion well
  • expanded responsibilities – if you work beyond your role and assigned duties
  • prepare alternatives – if a salary increase is not possible, there are other options (bonuses, extra vacation, etc.)

The salary data comes from a pay survey where everyone can anonymously compare their salary with other employees working in the same position. We clean and process this data according to our methodology. For the position Reinsurance Specialist, we currently have less than 20 verified respondents collected.