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SALARY SURVEY 2013 - Robert Walters Singapore

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PARISPARISPARISINSURANCEINSURANCEOurinsurancedivisionspecialisesinrecruitingforpositionsacrossthesector,includingactuaries,riskmanagementanalystsandcommercials.MarketOverviewDespitethepostponementofSolvencyIIrequirementsandbusinessesbecomingmorecautiousintheirhiringapproaches,continuedregulatorypressureledtosustaineddemandforbothqualitative(i.e.internalauditmanagers,complianceofficers,internalcontrolmanagers,riskmanagementanalysts)andquantitative(actuaries)experts.Whetherworkingonissuesinvolvinginventory,pricing,ALMorSolvencyIImodels,actuariesremainedcriticalforemployers.Thisledtodemandfortheseprofessionals.Afteradeclineinrecruitmentattheendof2011,commercialexpertswereonceagainhighlysought-afterbyinsurancecompaniesduetothecompetitivenatureofthemarket.Inparticular,firmssoughtstrongdistributionnetworkexperiencefortheseroles.Mostsalarylevelsremainedstablethroughouttheyear,withonlythemostindemandcandidatesrecievingincreasesmovingjobs.Forexample,strongactuarieswereabletosecurerisesof15%whenchangingroles.Outlookfor<strong>2013</strong>Weexpectjoblevelstoincreasein<strong>2013</strong>asmarketconditionsimprove.Inparticular,therewillbesustaineddemandforriskmanagementexpertsduetocontinuingintenseregulatorypressure.INSURANCEROLEPERMANENT<strong>SALARY</strong>PERANNUM€3-6YRS'EXP 7-12YRS'EXP 12+YRS'EXP2012 <strong>2013</strong> 2012 <strong>2013</strong> 2012 <strong>2013</strong>QualifiedActuary €45-75k €50-75k €75-115k €75-115k €90k+ €95k+Non-qualifiedActuary €35-55k €35-55k €50-75k €50-75k €60-95k €60-95kUnderwriter €35-55k €35-55k €45-85k €45-85k €55-120k €55-120kClientManager €35-65k €35-65k €55-105k €55-105k €65-120k €65-120kCommercial €20-45k €20-50k €35-65k €40-65k €40-105k €40-105kNB:Figuresarebasicsalariesexclusiveofbenefits/bonusesunlessotherwisespecified.<strong>Robert</strong><strong>Walters</strong>GlobalSalarySurvey<strong>2013</strong> 94

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