Underwriting Assistant salary in Colombia

Average Yearly Salary of Underwriting Assistant in Colombia is approximately 27,523,241 COP (6,082 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 Assistant do?

An underwriting assistant provides support to underwriters in the insurance industry. They are responsible for gathering and verifying information, reviewing applications, and preparing documents for underwriters to evaluate. Underwriting assistants also assist in determining the risk associated with insuring individuals or businesses by analyzing data and conducting research. They may communicate with clients, brokers, and other stakeholders to gather necessary information and resolve any issues. Additionally, underwriting assistants help maintain records and update databases.

Skills: underwriting assistant, insurance industry, risk analysis, data analysis, document preparation, client communication
Job industry: Insurance

How much does Underwriting Assistant make?

Difference in salary year over year or average salary increase is approximately 4 %


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Salary comparison to National average

Is Underwriting Assistant a well paid job?

Yes, our data show that Underwriting Assistant 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 Underwriting Assistant?

High salary for Underwriting Assistant would be somewhere between 30,275,565 COP and 39,908,699 COP. However this is an estimation based on Gaussian Distribution.

How much can you save working as Underwriting Assistant 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: 27,523,241 COP
Estimated Monthly Salary: 2,293,603 COP
Estimated Weekly Salary: 529,293 COP per week
Estimated Hourly Salary: 13,232 COP per hour
By working as Underwriting Assistant a person can save up to 246 USD per month or 2,957 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 Underwriting Assistant

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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