Home > Salary > Bolivia > Insurance Underwriter Life
An insurance underwriter for life insurance is responsible for evaluating and assessing the risks associated with insuring an individual's life. They analyze various factors such as age, health, occupation, lifestyle, and medical history to determine the likelihood of a claim being made. Using actuarial tables and statistical data, they calculate the appropriate premium rates and coverage amounts for policyholders. The underwriter reviews applications, medical records, and other relevant documents to make informed decisions about accepting or rejecting insurance applications. They also collaborate with agents and brokers to clarify policy terms, answer inquiries, and provide guidance on complex cases. Accuracy, attention to detail, and strong analytical skills are crucial in this role to ensure fair pricing and minimize potential losses for the insurance company.
Estimated Yearly Salary: 4,004 BOB
Estimated Monthly Salary: 334 BOB
Estimated Weekly Salary: 77 BOB per week
Estimated Hourly Salary: 2 BOB per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 323 BOB
Estimated Weekly Salary: 74 BOB per week
Estimated Hourly Salary: 2 BOB per hour
Last revision of data: 2024-02-05
Estimated Yearly Salary: 721 USD
Estimated Monthly Salary: 60 USD
Estimated Weekly Salary: 14 USD per week
Estimated Hourly Salary: 0 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %
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: 4,004 BOB
Estimated Monthly Salary: 334 BOB
Estimated Weekly Salary: 77 BOB per week
Estimated Hourly Salary: 2 BOB per hour
Our data indicates that by working as Insurance Underwriter Life you will not be able to save much money and will likely need to make adjustments to your lifestyle to go comfortably through the month.
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 Bolivia, see costs of living in Bolivia.
Estimated Yearly Salary for Insurance Underwriter Life
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
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Insurance Underwriter Life salary in Bolivia
Average Yearly Salary of Insurance Underwriter Life in Bolivia is approximately 4,004 BOB (721 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 Insurance Underwriter Life do?
An insurance underwriter for life insurance is responsible for evaluating and assessing the risks associated with insuring an individual's life. They analyze various factors such as age, health, occupation, lifestyle, and medical history to determine the likelihood of a claim being made. Using actuarial tables and statistical data, they calculate the appropriate premium rates and coverage amounts for policyholders. The underwriter reviews applications, medical records, and other relevant documents to make informed decisions about accepting or rejecting insurance applications. They also collaborate with agents and brokers to clarify policy terms, answer inquiries, and provide guidance on complex cases. Accuracy, attention to detail, and strong analytical skills are crucial in this role to ensure fair pricing and minimize potential losses for the insurance company.
Skills: Insurance underwriter, Life insurance, Risk assessment, Actuarial analysis, Policy evaluation, Premium calculation
Job industry: Insurance
Job industry: Insurance
How much does Insurance Underwriter Life make?
Salary details
How much does Insurance Underwriter Life make?Estimated Yearly Salary: 4,004 BOB
Estimated Monthly Salary: 334 BOB
Estimated Weekly Salary: 77 BOB per week
Estimated Hourly Salary: 2 BOB per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 3,873 BOBEstimated Monthly Salary: 323 BOB
Estimated Weekly Salary: 74 BOB per week
Estimated Hourly Salary: 2 BOB per hour
Last revision of data: 2024-02-05Insurance Underwriter Life estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 721 USD
Estimated Monthly Salary: 60 USD
Estimated Weekly Salary: 14 USD per week
Estimated Hourly Salary: 0 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %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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Country:
Salary comparison to National average
Bolivia, located in South America, is a landlocked country bordered by Brazil, Paraguay, Argentina, Chile, and Peru. It has a population of approximately 11.6 million people and covers an area of about 1.1 million square kilometers. The country's diverse geography includes the Andes Mountains, the Amazon rainforest, and the vast Altiplano plateau.
Estimated national average yearly salary is 569 BOB (3,450 USD). Value indicated is pre-tax. Below graph shows estimated Insurance Underwriter Life job salary compared to average salary in Bolivia.
Comparison shows that a person working as Insurance Underwriter Life in Bolivia earns on average:
7.04 times the average salary (or 704% of average salary).
Estimated national average yearly salary is 569 BOB (3,450 USD). Value indicated is pre-tax. Below graph shows estimated Insurance Underwriter Life job salary compared to average salary in Bolivia.
Comparison shows that a person working as Insurance Underwriter Life in Bolivia earns on average:
7.04 times the average salary (or 704% of average salary).
Is Insurance Underwriter Life a well paid job?
Yes, our data shows that Insurance Underwriter Life is an extremely well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.What is considered a high salary for Insurance Underwriter Life?
High salary for Insurance Underwriter Life would be somewhere between 4,404 BOB and 5,806 BOB. However this is an estimation based on Gaussian Distribution.How much can you save working as Insurance Underwriter Life in Bolivia?
Living in Bolivia the approximate monthly expenses are: 138 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: 4,004 BOB
Estimated Monthly Salary: 334 BOB
Estimated Weekly Salary: 77 BOB per week
Estimated Hourly Salary: 2 BOB per hour
Our data indicates that by working as Insurance Underwriter Life you will not be able to save much money and will likely need to make adjustments to your lifestyle to go comfortably through the month.
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 Bolivia, see costs of living in Bolivia.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Peru, Brazil, Paraguay, Argentina, Chile. To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).Estimated Yearly Salary for Insurance Underwriter Life
Brazil is 9,456 USD
Argentina is 13,542 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 Bolivia
(35,917 BOB per year, pre-tax.)
2. Cardiologist
(30,031 BOB per year, pre-tax.)
(28,915 BOB per year, pre-tax.)
4. Neurosurgeon
(28,102 BOB per year, pre-tax.)
(27,971 BOB per year, pre-tax.)
6. Oncologist
(27,454 BOB per year, pre-tax.)
(27,431 BOB per year, pre-tax.)
(27,421 BOB per year, pre-tax.)
(27,374 BOB per year, pre-tax.)
10. Urologist
(27,316 BOB per year, pre-tax.)
Data as of 2025Random salary:
Social media manager (2,920 BOB per year, pre-tax.)
Inventory controller (1,821 BOB per year, pre-tax.)
Loan servicing representative (2,332 BOB per year, pre-tax.)
Data curator (3,579 BOB per year, pre-tax.)
Administrative technician (2,332 BOB per year, pre-tax.)
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Salary details presented on optisalary.com are intended for informational use exclusively. Our data comes from various sources and may not necessarily be up to date. Users should verify salary information through other means before making financial decisions. The figures listed here may change due to variables such as location, industry standards, and individual skill sets. We do not guarantee that the data displayed is error-free. By accessing optisalary.com, you agree that salary information is presented 'as is' and without warranties.