Home > Salary > Colombia > Senior Underwriter
A senior underwriter is responsible for analyzing and evaluating insurance applications to determine the level of risk involved and decide on appropriate coverage and premium rates. They review complex insurance policies, assess the potential risks, and make recommendations based on their analysis. Senior underwriters also interact with clients and agents to gather additional information or clarify policy details. They ensure that all underwriting guidelines and regulations are followed, and may provide guidance and support to junior underwriters.
Estimated Yearly Salary: 48,947,594 COP
Estimated Monthly Salary: 4,078,966 COP
Estimated Weekly Salary: 941,300 COP per week
Estimated Hourly Salary: 23,532 COP per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 3,949,627 COP
Estimated Weekly Salary: 911,452 COP per week
Estimated Hourly Salary: 22,786 COP per hour
Last revision of data: 2024-01-02
Estimated Yearly Salary: 10,848 USD
Estimated Monthly Salary: 904 USD
Estimated Weekly Salary: 209 USD per week
Estimated Hourly Salary: 5 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.
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Estimated Yearly Salary: 48,947,594 COP
Estimated Monthly Salary: 4,078,966 COP
Estimated Weekly Salary: 941,300 COP per week
Estimated Hourly Salary: 23,532 COP per hour
By working as Senior Underwriter a person can save up to 644 USD per month or 7,723 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 Colombia, see costs of living in Colombia.
Estimated Yearly Salary for Senior Underwriter
Last revision of data: 2025-01-04
Data as of 2025
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Senior Underwriter salary in Colombia
Average Yearly Salary of Senior Underwriter in Colombia is approximately 48,947,594 COP (10,848 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 Senior Underwriter do?
A senior underwriter is responsible for analyzing and evaluating insurance applications to determine the level of risk involved and decide on appropriate coverage and premium rates. They review complex insurance policies, assess the potential risks, and make recommendations based on their analysis. Senior underwriters also interact with clients and agents to gather additional information or clarify policy details. They ensure that all underwriting guidelines and regulations are followed, and may provide guidance and support to junior underwriters.
Skills: senior underwriter, insurance underwriting, risk assessment, policy analysis, premium rate determination, client interaction
Job industry: Insurance
Job industry: Insurance
How much does Senior Underwriter make?
Salary details
How much does Senior Underwriter make?Estimated Yearly Salary: 48,947,594 COP
Estimated Monthly Salary: 4,078,966 COP
Estimated Weekly Salary: 941,300 COP per week
Estimated Hourly Salary: 23,532 COP per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 47,395,526 COPEstimated Monthly Salary: 3,949,627 COP
Estimated Weekly Salary: 911,452 COP per week
Estimated Hourly Salary: 22,786 COP per hour
Last revision of data: 2024-01-02Senior Underwriter estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 10,848 USD
Estimated Monthly Salary: 904 USD
Estimated Weekly Salary: 209 USD per week
Estimated Hourly Salary: 5 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
Colombia is a country located in South America. It has a population of approximately 50 million people and covers an area of about 1.1 million square kilometers. The country is known for its diverse landscapes, including the Andes Mountains, Amazon rainforest, and Caribbean coastline.
Estimated national average yearly salary is 26,951,400 COP (6,510 USD). Value indicated is pre-tax. Below graph shows estimated Senior Underwriter job salary compared to average salary in Colombia.
Comparison shows that a person working as Senior Underwriter in Colombia earns on average:
1.82 times the average salary (or 182% of average salary).
Estimated national average yearly salary is 26,951,400 COP (6,510 USD). Value indicated is pre-tax. Below graph shows estimated Senior Underwriter job salary compared to average salary in Colombia.
Comparison shows that a person working as Senior Underwriter in Colombia earns on average:
1.82 times the average salary (or 182% of average salary).
Is Senior Underwriter a well paid job?
Yes, our data shows that Senior Underwriter 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 Senior Underwriter?
High salary for Senior Underwriter would be somewhere between 53,842,353 COP and 70,974,011 COP. However this is an estimation based on Gaussian Distribution.How much can you save working as Senior Underwriter in Colombia?
Living in Colombia the approximate monthly expenses are: 260 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: 48,947,594 COP
Estimated Monthly Salary: 4,078,966 COP
Estimated Weekly Salary: 941,300 COP per week
Estimated Hourly Salary: 23,532 COP per hour
By working as Senior Underwriter a person can save up to 644 USD per month or 7,723 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 Colombia, see costs of living in Colombia.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Ecuador, Peru, Brazil, Venezuela, Panama. To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).Estimated Yearly Salary for Senior Underwriter
Ecuador is 10,566 USD
Brazil is 13,607 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 Colombia
(306,660,307 COP per year, pre-tax.)
2. Cardiologist
(254,459,006 COP per year, pre-tax.)
(247,209,986 COP per year, pre-tax.)
(238,795,833 COP per year, pre-tax.)
5. Neurosurgeon
(238,525,529 COP per year, pre-tax.)
(233,656,491 COP per year, pre-tax.)
(233,604,285 COP per year, pre-tax.)
8. Oncologist
(233,538,023 COP per year, pre-tax.)
(232,715,450 COP per year, pre-tax.)
(232,262,612 COP per year, pre-tax.)
Data as of 2025Random salary:
Reactor operator test and research (18,596,880 COP per year, pre-tax.)
Social media coordinator (19,673,280 COP per year, pre-tax.)
Kitchen chef (16,861,387 COP per year, pre-tax.)
Pay-per-click (ppc), marketing manager (23,155,295 COP per year, pre-tax.)
Wealth strategy associate (26,682,300 COP per year, pre-tax.)
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