Insurance

Product Development Specialist

Average netto salary for this position in Lithuania is

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80% of people earn:

1,890 - 4,450 EUR

10% earn less lthan 1,890 EUR

10% earns more than 4,450 EUR

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What does the data in the graph mean?

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 1,890 EUR and 4,450 EUR monthly net.

10% of employees earn less than 1,890 EUR and 10% of people earn more than 4,450 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

125. place

Women representation in position

n/a

Average age of respondent by position

n/a

663. place

Assistant Cook

Tourism, Gastronomy, Hotel Business

765 - 1,264 EUR

126. place

Mining Engineer

Mining, Metallurgy

1,425 - 3,462 EUR

125. place

Product Development Specialist

Insurance

1,890 - 4,450 EUR

124. place

Transport manager

Management

1,216 - 3,800 EUR

1. place

Leasing Director

Leasing

1,999 - 8,793 EUR

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The salary report contains:

Salary for the position by region, education, experience, company size, age
Distribution of respondents into wage bands
Salary range from 1st to 9th decile
A breakdown of all monitored non-financial benefits
Analysis of financial benefits

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