Underwriting Technician salary in Colombia

Average Yearly Salary of Underwriting Technician in Colombia is approximately 25,805,338 COP (5,729 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 Technician do?

An underwriting technician is responsible for providing support to underwriters in the insurance industry. They assist in evaluating and assessing insurance applications, policies, and claims to determine the level of risk involved. Underwriting technicians gather and analyze data, perform risk assessments, and ensure compliance with company policies and industry regulations. They review applications, verify information, and calculate premiums based on risk factors. Additionally, they may communicate with clients, brokers, and agents to gather additional information or clarify details. Attention to detail, strong analytical skills, and knowledge of insurance policies and regulations are essential in this role. Underwriting technicians work in insurance companies, underwriting departments, or brokerage firms.

Skills: underwriting technician, insurance industry, risk assessment, policy evaluation, data analysis, compliance.
Job industry: Insurance

How much does Underwriting Technician make?

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


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Salary comparison to National average

Is Underwriting Technician a well paid job?

Yes, our data show that Underwriting Technician 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 Technician?

High salary for Underwriting Technician would be somewhere between 28,385,872 COP and 37,417,740 COP. However this is an estimation based on Gaussian Distribution.

How much can you save working as Underwriting Technician 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: 25,805,338 COP
Estimated Monthly Salary: 2,150,445 COP
Estimated Weekly Salary: 496,257 COP per week
Estimated Hourly Salary: 12,406 COP per hour
By working as Underwriting Technician a person can save up to 217 USD per month or 2,604 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 Technician

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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