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Underwriter salary in Colombia

Average Yearly Salary of Underwriter in Colombia is approximately 35,934,775 COP (7,949 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 do?

occupation personasAn underwriter is a professional responsible for assessing and evaluating risks associated with insurance policies, loans, or investments. They analyze and review various factors such as financial statements, credit history, property appraisals, and market trends to determine the level of risk involved. Underwriters use this information to decide whether to approve or reject applications for insurance coverage or loans, and also to set appropriate terms and conditions. They play a crucial role in ensuring that businesses and individuals receive fair and accurate coverage or financing based on their risk profile. Strong analytical skills, attention to detail, and knowledge of industry regulations are essential for underwriters to make informed decisions. The occupation requires effective communication and negotiation skills to work with clients, agents, and other professionals in the industry.

Skills: underwriter, risk assessment, insurance, loans, investments, financial analysis
Job industry: Insurance


How much does Underwriter make?

Salary details
How much does Underwriter make?
Estimated Yearly Salary: 35,934,775 COP
Estimated Monthly Salary: 2,994,565 COP
Estimated Weekly Salary: 691,053 COP per week
Estimated Hourly Salary: 17,276 COP per hour
Values are pre-tax
Last revision of data: 2025-01-04

Comparing salary to last year:
Estimated Yearly Salary: 34,587,632 COP
Estimated Monthly Salary: 2,882,303 COP
Estimated Weekly Salary: 665,147 COP per week
Estimated Hourly Salary: 16,629 COP per hour
Last revision of data: 2024-01-02



Underwriter estimated salary in USD
For easier comparison here is an estimated salary in USD:
Estimated Yearly Salary: 7,949 USD
Estimated Monthly Salary: 662 USD
Estimated Weekly Salary: 153 USD per week
Estimated Hourly Salary: 4 USD per hour


Difference in salary year over year or average salary increase is approximately up arrow 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.

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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 Underwriter job salary compared to average salary in Colombia.
Comparison shows that a person working as Underwriter in Colombia earns on average:
1.33 times the average salary (or 133% of average salary).

Is Underwriter a well paid job?

Yes, our data shows that 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 Underwriter?

High salary for Underwriter would be somewhere between 39,528,253 COP and 52,105,424 COP. However this is an estimation based on Gaussian Distribution.

How much can you save working as 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: 35,934,775 COP
Estimated Monthly Salary: 2,994,565 COP
Estimated Weekly Salary: 691,053 COP per week
Estimated Hourly Salary: 17,276 COP per hour
By working as Underwriter a person can save up to 402 USD per month or 4,824 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 Underwriter

Ecuador is 7,698 USDdown arrow 3%
Details on Underwriter salary in Ecuador
Brazil is 9,939 USDup arrow 25%
Details on Underwriter salary in Brazil
Last revision of data: 2025-01-04

Salary 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 up arrow+12% salary increase
    6 to 10 years of experience yields up arrow+25% salary increase
    11 to 15 years of experience yields up arrow+16% salary increase
    16 to 25 years of experience yields up arrow+9% salary increase
    more than 25 years of experience yields up arrow+10% salary increase
NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

Top 10 highest salaries in Colombia

(306,660,307 COP per year, pre-tax.)
(254,459,006 COP per year, pre-tax.)
(247,209,986 COP per year, pre-tax.)
(238,795,833 COP per year, pre-tax.)
(238,525,529 COP per year, pre-tax.)
(233,656,491 COP per year, pre-tax.)
(233,604,285 COP per year, pre-tax.)
(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 2025

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Frequently searched careers by keyword and country
Underwriter
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This website displays salary data exclusively for informational purposes. While we endeavor for correctness, we do not guarantee the validity of all figures. Users should verify salary details with official sources before making financial plans. Salary estimates may fluctuate based on numerous factors, such as geographic location, experience, and job role. We assume no responsibility for errors in the pay figures provided. By accessing this website, you accept that salary data is not absolute.