Insurance

Compliance Officers are becoming more and more integral to insurance companies as the days pass. With GDPR and Solvency II, Compliance Officers have their hands full in ensuring insurers and intermediaries are compliant with Central Bank and EU legislation and regulations.A Compliance Officer, usually holding an ACOI / LCOI qualification, will need to have excellent analytical skills as they will need to monitor both company procedures and external regulatory changes to ensure compliance. As Compliance Officers become more valued to an insurer, so too have we seen a rise in their base salaries. A newly qualified Compliance Officer can expect €35,000 to €40,000 if they also have 1-2 years’ experience in the area. A Senior Compliance Officer can expect anywhere from €55,000 - €70,000 are 4-5 years’ experience and these salaries will continue to rise with managerial and director level opportunities.