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Search Salaries > Actuary > Nicosia
Job Description
How much does a Actuary in Nicosia ?

The base salary for a Actuary in Nicosia is 46.800 €
Also known as: Insurance risk analyst, Insurance mathematician, Risk management analyst.

46.800 €

Median Base Salary (Percentile 50)
1356 observations
(Updated: 24 Jan 2025)

Confidence

Good

Avg. Bonus per year

9000 €

Of avg. Stock options

9000 €
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Salary Table

A Actuary earns register to see pay in Nicosia, but the base salary ...

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Level Below median
(25th percentile)		 Market median
(50th percentile)		 Above median
(75th percentile)		 Top Competitive
(90th percentile)
Junior Upgrade to see years of experience 60000 Upgrade to see years of experience 60000 Upgrade to see years of experience 60000 Upgrade to see years of experience 60000
Mid Upgrade to see years of experience 60000 Upgrade to see years of experience 60000 Upgrade to see years of experience 60000 Upgrade to see years of experience 60000
Senior Upgrade to see years of experience 60000 Upgrade to see years of experience 60000 Upgrade to see years of experience 60000 Upgrade to see years of experience 60000
Lead Upgrade to see years of experience 60000 Upgrade to see years of experience 60000 Upgrade to see years of experience 60000 Upgrade to see years of experience 60000
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Bonus & Stock options

This position usually comes with bonuses and the possibility of accessing stock options. Both must be added to ...

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Level Min Avg Max
Junior Upgrade to see years of experience 60000 Upgrade to see years of experience 60000 Upgrade to see years of experience 60000
Mid Upgrade to see years of experience 60000 Upgrade to see years of experience 60000 Upgrade to see years of experience 60000
Senior Upgrade to see years of experience 60000 Upgrade to see years of experience 60000 Upgrade to see years of experience 60000
Lead Upgrade to see years of experience 60000 Upgrade to see years of experience 60000 Upgrade to see years of experience 60000
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Experience Min Avg Max
Junior Upgrade to see years of experience 60000 Upgrade to see years of experience 60000 Upgrade to see years of experience 60000
Mid Upgrade to see years of experience 60000 Upgrade to see years of experience 60000 Upgrade to see years of experience 60000
Senior Upgrade to see years of experience 60000 Upgrade to see years of experience 60000 Upgrade to see years of experience 60000
Lead Upgrade to see years of experience 60000 Upgrade to see years of experience 60000 Upgrade to see years of experience 60000

Supply and demand

Highly supplied position in a highly demanded market
Supply | (<100 professionals)
Demand | (<100 job offers)

Gender gap

Unbalanced

Male

68%

Female

32%

Benefits

There are statutory benefits associated with a Actuary in Nicosia according to ...

Most Common Benefits

Competitive advantages associated with a Actuary in Nicosia
Health Insurance | 1200€ annually
Health insurance in Cyprus provides employees with access to a range of medical services, including hospital visits, specialist consultations, and prescription medication. Companies offering health insurance can attract top talent by ensuring their employees have comprehensive healthcare coverage, which can lead to increased job satisfaction and productivity.
Free Snacks | 1500€ annually
Providing free snacks in the workplace is a simple yet effective way to boost employee morale and productivity. It keeps employees energized and can serve as a small token of appreciation. In Cyprus, where food culture is rich and diverse, offering a variety of snacks can enhance the workplace atmosphere and cater to different tastes.
Relocation Package | 10000€ one-time
Relocation packages support employees moving from other locations to work in Cyprus. They typically cover moving expenses, temporary housing, and other related costs. This benefit can be crucial for attracting international talent, making the transition smoother and less financially burdensome for employees relocating to join a company.
Company Events | 1000€ annually
Company events in Cyprus, such as team-building activities, holiday parties, and retreats, foster a sense of community and engagement among employees. These events can boost morale, improve communication, and strengthen workplace relationships. Companies that prioritize social activities can enhance employee satisfaction and retention, creating a positive and cohesive work environment.
Professional Development | 500€ annually
Professional development programs in Cyprus offer employees the opportunity to enhance their skills and advance their careers. These programs can include workshops, seminars, and courses that are either fully or partially funded by the employer. Investing in professional development helps companies retain skilled employees and maintain a competitive edge in the industry.

Side Benefits to attract & retain talent

Additional perks for a Actuary in Nicosia
Work From Home
Gym
Parental Leave
Company Car
Unlimited Sick Days

Statutory Benefits

Mandatory benefits in Nicosia
The minimum wage in Cyprus is a legally mandated minimum hourly, daily, or monthly wage that employers must pay their employees. It is designed to protect workers from exploitation and ensure a basic standard of living. The minimum wage is periodically reviewed and adjusted by the government to reflect changes in the cost of living and economic conditions.
Paternity leave in Cyprus provides fathers with the opportunity to take time off work to care for their newborn child. This leave is intended to support family bonding and the father’s involvement in early childcare. The leave is partially compensated through social insurance contributions.
Employees in Cyprus are entitled to take time off on public holidays with full pay. These holidays are recognized by the government and are observed nationwide. Employers are required to compensate employees for these days, ensuring that workers receive their regular salary even when not working on these holidays.
In Cyprus, it is customary for employers to provide a 13th and sometimes a 14th month salary as a bonus to employees. This additional salary is typically paid out during the holiday season and is intended to support employees with extra expenses. It is a common practice in many sectors and is considered part of the annual compensation package.
Employees in Cyprus are entitled to a minimum number of days of paid annual leave each year. This leave is intended to provide workers with rest and recuperation time away from work. The number of leave days is typically based on the employee’s length of service and is mandated by employment law.
Employers in Cyprus are required to make social insurance contributions on behalf of their employees. These contributions are used to fund various social security benefits such as pensions, unemployment benefits, and sickness benefits. The contributions are calculated as a percentage of the employee’s gross salary, with both the employer and employee sharing the cost.
In Cyprus, employees are entitled to sick leave, which allows them to take time off work due to illness or injury. During this period, employees may receive a sickness benefit from the social insurance system, which partially covers their salary. Employers are required to support employees during their recovery period.
Female employees in Cyprus are entitled to maternity leave, which allows them to take time off work to give birth and care for their newborn. This leave is partially paid, with the government providing a maternity allowance during the leave period. Employers must ensure that the employee’s job is secure during this time.
Taxes & Payrolls

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