Underwriter Analyst salary in Colombia

Average Yearly Salary of Underwriter Analyst in Colombia is approximately 28,455,926 COP (6,317 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 Analyst do?

An underwriter analyst is a professional who evaluates and assesses insurance applications to determine the risks involved in providing coverage. They analyze the information provided by applicants, such as medical history, financial records, and other relevant data, to make informed decisions regarding insurance coverage. Underwriter analysts use their expertise to evaluate the potential risks associated with insuring individuals or businesses and determine appropriate premiums and coverage limits. The job requires strong analytical skills to interpret complex data and assess risk accurately. Attention to detail is crucial to ensure that all relevant information is considered during the evaluation process. Effective communication skills are also necessary to interact with clients, insurance agents, and other professionals within the industry. Underwriter analysts must stay updated on industry trends and regulations to make informed decisions and provide the best possible service to clients.

Skills: underwriter analyst, insurance, risk assessment, data analysis, analytical skills, attention to detail, communication skills.
Job industry: Insurance

How much does Underwriter Analyst make?

Difference in salary year over year or average salary increase is approximately 3 %


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Salary comparison to National average

Is Underwriter Analyst a well paid job?

Yes, our data show that Underwriter Analyst is an averagely well paid job that still allows for some yearly savings. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Underwriter Analyst?

High salary for Underwriter Analyst would be somewhere between 31,301,519 COP and 41,261,093 COP. However this is an estimation based on Gaussian Distribution.

How much can you save working as Underwriter Analyst 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: 28,455,926 COP
Estimated Monthly Salary: 2,371,327 COP
Estimated Weekly Salary: 547,229 COP per week
Estimated Hourly Salary: 13,681 COP per hour
By working as Underwriter Analyst a person can save up to 266 USD per month or 3,192 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 Analyst

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 +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 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

Data as of 2025

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