Home > Salary > Australia > Underwriter Ii
An Underwriter II is a professional responsible for evaluating and assessing the risk associated with insurance applications. They review and analyze complex insurance policies, applications, and claims to determine the appropriate coverage and premium rates. Underwriter IIs also assess the financial status, credit history, and other relevant factors of the applicants to make informed decisions on whether to accept or reject insurance applications. They work closely with insurance agents and brokers to gather necessary information and ensure compliance with underwriting guidelines and regulations. Additionally, they may negotiate terms and conditions with clients and provide recommendations for risk mitigation strategies. Strong analytical skills, attention to detail, and knowledge of insurance policies and regulations are essential for this role.
Estimated Yearly Salary: 114,734 AUD
Estimated Monthly Salary: 9,561 AUD
Estimated Weekly Salary: 2,206 AUD per week
Estimated Hourly Salary: 55 AUD per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 9,222 AUD
Estimated Weekly Salary: 2,128 AUD per week
Estimated Hourly Salary: 53 AUD per hour
Last revision of data: 2024-01-07
Estimated Yearly Salary: 57,219 USD
Estimated Monthly Salary: 4,768 USD
Estimated Weekly Salary: 1,100 USD per week
Estimated Hourly Salary: 28 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %
Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Estimated Yearly Salary: 114,734 AUD
Estimated Monthly Salary: 9,561 AUD
Estimated Weekly Salary: 2,206 AUD per week
Estimated Hourly Salary: 55 AUD per hour
By working as Underwriter Ii a person can save up to 2,351 USD per month or 28,213 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Australia, see costs of living in Australia.
Estimated Yearly Salary for Underwriter Ii
Last revision of data: 2025-01-04
Data as of 2025
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Underwriter Ii salary in Australia
Average Yearly Salary of Underwriter Ii in Australia is approximately 114,734 AUD (57,219 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.
What does Underwriter Ii do?
An Underwriter II is a professional responsible for evaluating and assessing the risk associated with insurance applications. They review and analyze complex insurance policies, applications, and claims to determine the appropriate coverage and premium rates. Underwriter IIs also assess the financial status, credit history, and other relevant factors of the applicants to make informed decisions on whether to accept or reject insurance applications. They work closely with insurance agents and brokers to gather necessary information and ensure compliance with underwriting guidelines and regulations. Additionally, they may negotiate terms and conditions with clients and provide recommendations for risk mitigation strategies. Strong analytical skills, attention to detail, and knowledge of insurance policies and regulations are essential for this role.
Skills: Underwriter II, Insurance Underwriting, Risk Assessment, Financial Analysis, Policy Evaluation, Compliance Management
Job industry: Insurance
Job industry: Insurance
How much does Underwriter Ii make?
Salary details
How much does Underwriter Ii make?Estimated Yearly Salary: 114,734 AUD
Estimated Monthly Salary: 9,561 AUD
Estimated Weekly Salary: 2,206 AUD per week
Estimated Hourly Salary: 55 AUD per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 110,660 AUDEstimated Monthly Salary: 9,222 AUD
Estimated Weekly Salary: 2,128 AUD per week
Estimated Hourly Salary: 53 AUD per hour
Last revision of data: 2024-01-07Underwriter Ii estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 57,219 USD
Estimated Monthly Salary: 4,768 USD
Estimated Weekly Salary: 1,100 USD per week
Estimated Hourly Salary: 28 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %About these results
Data confidence is - relatively high Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Compare salary to other countries
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Salary comparison to National average
Australia is a vast country located in the southern hemisphere. It has a diverse population of approximately 25 million people. The country spans an area of about 7.7 million square kilometers, making it the sixth-largest country in the world. Australia is surrounded by the Indian and Pacific Oceans and is known for its stunning landscapes, including the Great Barrier Reef, Uluru, and the Outback.
Estimated national average yearly salary is 84,179 AUD (60,430 USD). Value indicated is pre-tax. Below graph shows estimated Underwriter Ii job salary compared to average salary in Australia.
Comparison shows that a person working as Underwriter Ii in Australia earns on average:
1.36 times the average salary (or 136% of average salary).
Estimated national average yearly salary is 84,179 AUD (60,430 USD). Value indicated is pre-tax. Below graph shows estimated Underwriter Ii job salary compared to average salary in Australia.
Comparison shows that a person working as Underwriter Ii in Australia earns on average:
1.36 times the average salary (or 136% of average salary).
Is Underwriter Ii a well paid job?
Yes, our data shows that Underwriter Ii is a well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.What is considered a high salary for Underwriter Ii?
High salary for Underwriter Ii would be somewhere between 126,207 AUD and 166,364 AUD. However this is an estimation based on Gaussian Distribution.How much can you save working as Underwriter Ii in Australia?
Living in Australia the approximate monthly expenses are: 2,417 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.Estimated Yearly Salary: 114,734 AUD
Estimated Monthly Salary: 9,561 AUD
Estimated Weekly Salary: 2,206 AUD per week
Estimated Hourly Salary: 55 AUD per hour
By working as Underwriter Ii a person can save up to 2,351 USD per month or 28,213 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Australia, see costs of living in Australia.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Indonesia, Papua New Guinea, East Timor. To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).Estimated Yearly Salary for Underwriter Ii
Indonesia is 10,032 USD
East Timor is 42,586 USD Last revision of data: 2025-01-04Salary increase per years of experience
Based on data available the salary increase per years of experience is as following- 0 years (beginner) equals base salary
- 1 to 5 years of experience yields
+12% salary increase- 6 to 10 years of experience yields
+25% salary increase- 11 to 15 years of experience yields
+16% salary increase- 16 to 25 years of experience yields
+9% salary increase- more than 25 years of experience yields
+10% salary increaseTop 10 highest salaries in Australia
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Data as of 2025Random salary:
Senior supplier quality engineer (sqe) (229,655 AUD per year, pre-tax.)
Financial economist (341,200 AUD per year, pre-tax.)
Music studio owner (138,324 AUD per year, pre-tax.)
Sap technical architect (277,966 AUD per year, pre-tax.)
Neurophysiologist (168,624 AUD per year, pre-tax.)
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