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$114,476

Average Base Salary

$55/hr

Average Hourly Rate

$4,465

Average Bonus
The average product development actuary salary in Colorado, United States is $114,476 or an equivalent hourly rate of $55. This is 0% lower (+$393) than the average product development actuary salary in the United States. In addition, they earn an average bonus of $4,465. Salary estimates based on salary survey data collected directly from employers and anonymous employees in Colorado, United States.
Salary by Experience

$97,243

Entry Level Salary

$140,566

Senior Level Salary
An entry level product development actuary (1-3 years of experience) earns an average salary of $97,243. On the other end, a senior level product development actuary (8+ years of experience) earns an average salary of $140,566.

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Job Description
Analyze statistical data, such as mortality, accident, sickness, disability, and retirement rates and construct probability tables to forecast risk and liability for payment of future benefits. May ascertain insurance rates required and cash reserves necessary to ensure payment of future benefits.

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About the Data

The above data is a data available in ERI Economic Research Institute's Global Salary Calculator. The Global Salary Calculator provides compensation data for over 45,000 positions in 8,000+ cities in 69 countries. Try a free demo of the cloud-based Global Salary Calculator.

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