Home > Salary > Australia > Underwriting Specialist
An underwriting specialist is a professional responsible for assessing and evaluating risks associated with insurance policies and determining the appropriate coverage and premiums. They analyze applications, review financial documents, and conduct research to gather necessary information to make informed decisions. Underwriting specialists work closely with agents and brokers to understand client needs and ensure compliance with underwriting guidelines and regulations. They also collaborate with other departments, such as claims and legal, to resolve complex issues and provide support in policy renewals and modifications. Strong analytical skills, attention to detail, and the ability to make sound judgments are essential for success in this occupation.
Estimated Yearly Salary: 150,352 AUD
Estimated Monthly Salary: 12,529 AUD
Estimated Weekly Salary: 2,891 AUD per week
Estimated Hourly Salary: 72 AUD per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 12,076 AUD
Estimated Weekly Salary: 2,787 AUD per week
Estimated Hourly Salary: 70 AUD per hour
Last revision of data: 2024-01-05
Estimated Yearly Salary: 74,934 USD
Estimated Monthly Salary: 6,245 USD
Estimated Weekly Salary: 1,441 USD per week
Estimated Hourly Salary: 36 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: 150,352 AUD
Estimated Monthly Salary: 12,529 AUD
Estimated Weekly Salary: 2,891 AUD per week
Estimated Hourly Salary: 72 AUD per hour
By working as Underwriting Specialist a person can save up to 3,827 USD per month or 45,928 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 Underwriting Specialist
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
Furniture builder (72,456 AUD per year, pre-tax.)
Waiter swaitress assistant (34,119 AUD per year, pre-tax.)
Licensed massage practitioner (98,489 AUD per year, pre-tax.)
Drone pilot (62,479 AUD per year, pre-tax.)
Wan engineer (182,441 AUD per year, pre-tax.)
Underwriting Specialist salary in Australia
Average Yearly Salary of Underwriting Specialist in Australia is approximately 150,352 AUD (74,934 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 Underwriting Specialist do?
An underwriting specialist is a professional responsible for assessing and evaluating risks associated with insurance policies and determining the appropriate coverage and premiums. They analyze applications, review financial documents, and conduct research to gather necessary information to make informed decisions. Underwriting specialists work closely with agents and brokers to understand client needs and ensure compliance with underwriting guidelines and regulations. They also collaborate with other departments, such as claims and legal, to resolve complex issues and provide support in policy renewals and modifications. Strong analytical skills, attention to detail, and the ability to make sound judgments are essential for success in this occupation.
Skills: underwriting specialist, risk assessment, insurance policies, premium determination, compliance, analytical skills
Job industry: Insurance
Job industry: Insurance
How much does Underwriting Specialist make?
Salary details
How much does Underwriting Specialist make?Estimated Yearly Salary: 150,352 AUD
Estimated Monthly Salary: 12,529 AUD
Estimated Weekly Salary: 2,891 AUD per week
Estimated Hourly Salary: 72 AUD per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 144,912 AUDEstimated Monthly Salary: 12,076 AUD
Estimated Weekly Salary: 2,787 AUD per week
Estimated Hourly Salary: 70 AUD per hour
Last revision of data: 2024-01-05Underwriting Specialist estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 74,934 USD
Estimated Monthly Salary: 6,245 USD
Estimated Weekly Salary: 1,441 USD per week
Estimated Hourly Salary: 36 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
Please type in your occupation and select desired country to see latest trends in salaries.
Country:
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 Underwriting Specialist job salary compared to average salary in Australia.
Comparison shows that a person working as Underwriting Specialist in Australia earns on average:
1.79 times the average salary (or 179% of average salary).
Estimated national average yearly salary is 84,179 AUD (60,430 USD). Value indicated is pre-tax. Below graph shows estimated Underwriting Specialist job salary compared to average salary in Australia.
Comparison shows that a person working as Underwriting Specialist in Australia earns on average:
1.79 times the average salary (or 179% of average salary).
Is Underwriting Specialist a well paid job?
Yes, our data shows that Underwriting Specialist 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 Underwriting Specialist?
High salary for Underwriting Specialist would be somewhere between 165,387 AUD and 218,010 AUD. However this is an estimation based on Gaussian Distribution.How much can you save working as Underwriting Specialist 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: 150,352 AUD
Estimated Monthly Salary: 12,529 AUD
Estimated Weekly Salary: 2,891 AUD per week
Estimated Hourly Salary: 72 AUD per hour
By working as Underwriting Specialist a person can save up to 3,827 USD per month or 45,928 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 Underwriting Specialist
Indonesia is 13,178 USD
East Timor is 56,030 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
(1,263,730 AUD per year, pre-tax.)
2. Cardiologist
(1,046,644 AUD per year, pre-tax.)
(1,011,540 AUD per year, pre-tax.)
4. Neurosurgeon
(985,848 AUD per year, pre-tax.)
(982,803 AUD per year, pre-tax.)
(961,472 AUD per year, pre-tax.)
(960,386 AUD per year, pre-tax.)
8. Oncologist
(959,337 AUD per year, pre-tax.)
9. Urologist
(958,953 AUD per year, pre-tax.)
10. Plastic surgeon
(958,802 AUD per year, pre-tax.)
Data as of 2025Random salary:
Furniture builder (72,456 AUD per year, pre-tax.)
Waiter swaitress assistant (34,119 AUD per year, pre-tax.)
Licensed massage practitioner (98,489 AUD per year, pre-tax.)
Drone pilot (62,479 AUD per year, pre-tax.)
Wan engineer (182,441 AUD per year, pre-tax.)
Feedback about these results
Please provide feedback by clicking buttons below if you find any of our salaries erroneous.
Link to this graph - use the following code to display the salary graph on your page:
<a href='https://optisalary.com/salary?country=australia&job=underwriting-specialist'><img src='https://optisalary.com/wp-content/graphs/salary/underwriting-specialist-salary-in-australia-2025.jpg' alt='underwriting specialist salary in australia 2025' title='underwriting specialist salary in australia 2025' /></a>
Please note:The salary data presented here are meant for informational purposes only.
Salary details presented on optisalary.com are intended for informational use only. Our data comes from various inputs and may not always be up to date. Users must cross-reference salary information through other means before making employment decisions. The figures listed here may fluctuate due to variables such as company policies, experience levels, and demand shifts. We do not guarantee that the information provided is flawless. By accessing optisalary.com, you agree that salary information is presented 'as is' and without warranties.
optisalary.com aggregates salary data for educational use only. While we endeavor to deliver correct estimates, we cannot warrant their full precision. Users are highly encouraged to check with other sources before finalizing financial decisions. Salary amounts fluctuate based on multiple factors, such as industry trends, negotiation power, and regional demand. We make no guarantees as to the correctness of the listed information. Your access of this site indicates acceptance of this notice.