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Gross salary in Cyprus is
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10% earn less 17K EUR
10% earns more 43K EUR
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Description of job position

  • Monitoring the insurance market, developing new products and submitting proposals for changes to existing products.
  • Completing the texts of contracts, insurance clauses and special arrangements.
  • Drawing up the guidelines and bylaws relating to a given class of insurance.
  • Analysing the rates of insurance, and monitoring and analysing the loss ratio of the products.
  • Preparing documents for the implementation of changes related to product innovation in the information system.
  • Preparing and completing methodical seminars for distribution networks.
  • Providing expert consultations on the products in a given class of insurance to other sections of the company.

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Position Product Development Specialist - Insurance in the labour market

In the salary ranking,
the job position takes

Women representation in position

Average age of respondent by position

813. place

Nursery School Teacher Assistant

Education, Science & Research

Salary group 1

6,516 - 15,408 EUR

188. place

Auditor

Economy, Finance, Accountancy

Salary group 2

15,816 - 44,844 EUR

187. place

Product Development Specialist

Insurance

Salary group 2

17,148 - 43,308 EUR

186. place

Chef

Tourism, Gastronomy, Hotel Business

Salary group 2

15,312 - 45,960 EUR

1. place

Chief Executive Officer

Top Management

Salary group 3

32,076 - 150,564 EUR

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  • Salary on position by region*, education, practice, business size
  • Total salary and its components* (variable component, commissions, rewards)
  • Responder distribution to payroll
  • Salary ranges expressed by 1st decile, 1st quartile, median, 3rd quartile, 9th decile, and average wage.
  • Detailed breakdown of all monitored non-financial benefits provided*
  • Financial benefit analysis*
  • * available when regression model is used