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Insurance

Product Development Specialist

Average netto salary for this position in Lithuania is
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80% of people earn:
1,906 - 4,234 EUR
10% earn less lthan 1,906 EUR
10% earns more than 4,234 EUR

Salaries in the survey are expressed in net.

Based on the Manoalga.lt salary survey, 80% of people on the Product Development Specialist position in the Lithuania earn between 1,906 EUR and 4,234 EUR monthly net.

10% of employees earn less than 1,906 EUR and 10% of people earn more than 4,234 EUR.

The survey is based on data from employees, cleaned of extreme and duplicate values.

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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The most common career path of an employee

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Position Product Development Specialist - Insurance in the labour market

In the salary ranking,
the job position takes

115. place

Women representation in position

n/a

Average age of respondent by position

n/a

663. place

Security Guard

Security & Protection

Salary group 1

765 - 1,238 EUR

116. place

HR Manager

Management

Salary group 2

1,335 - 3,450 EUR

115. place

Product Development Specialist

Insurance

Salary group 2

1,906 - 4,234 EUR

114. place

Production Manager

Management

Salary group 2

1,551 - 3,555 EUR

1. place

Pilot

Transport, Haulage, Logistics

Salary group 3

1,644 - 8,451 EUR

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