Home > Salary > Ecuador > Underwriter
An 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.
Estimated Yearly Salary: 217,168,628 ECS
Estimated Monthly Salary: 18,097,386 ECS
Estimated Weekly Salary: 4,176,320 ECS per week
Estimated Hourly Salary: 104,408 ECS per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 17,499,749 ECS
Estimated Weekly Salary: 4,038,404 ECS per week
Estimated Hourly Salary: 100,960 ECS per hour
Last revision of data: 2024-01-08
Estimated Yearly Salary: 7,698 USD
Estimated Monthly Salary: 642 USD
Estimated Weekly Salary: 148 USD per week
Estimated Hourly Salary: 4 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.
Want to check how your salary compares? Submit your own salary here
Estimated Yearly Salary: 217,168,628 ECS
Estimated Monthly Salary: 18,097,386 ECS
Estimated Weekly Salary: 4,176,320 ECS per week
Estimated Hourly Salary: 104,408 ECS per hour
By working as Underwriter a person can save up to 389 USD per month or 4,669 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 Ecuador, see costs of living in Ecuador.
Estimated Yearly Salary for Underwriter
Last revision of data: 2025-01-04
Data as of 2025
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Underwriter salary in Ecuador
Average Yearly Salary of Underwriter in Ecuador is approximately 217,168,628 ECS (7,698 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?
An 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
Job industry: Insurance
How much does Underwriter make?
Salary details
How much does Underwriter make?Estimated Yearly Salary: 217,168,628 ECS
Estimated Monthly Salary: 18,097,386 ECS
Estimated Weekly Salary: 4,176,320 ECS per week
Estimated Hourly Salary: 104,408 ECS per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 209,996,988 ECSEstimated Monthly Salary: 17,499,749 ECS
Estimated Weekly Salary: 4,038,404 ECS per week
Estimated Hourly Salary: 100,960 ECS per hour
Last revision of data: 2024-01-08Underwriter estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 7,698 USD
Estimated Monthly Salary: 642 USD
Estimated Weekly Salary: 148 USD per week
Estimated Hourly Salary: 4 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
Please type in your occupation and select desired country to see latest trends in salaries.
Country:
Salary comparison to National average
Ecuador is a country located in South America, bordered by Colombia to the north, Peru to the east and south, and the Pacific Ocean to the west. It has a population of approximately 17 million people and covers an area of about 283,561 square kilometers.
Estimated national average yearly salary is 163,662,470 ECS (6,310 USD). Value indicated is pre-tax. Below graph shows estimated Underwriter job salary compared to average salary in Ecuador.
Comparison shows that a person working as Underwriter in Ecuador earns on average:
1.33 times the average salary (or 133% of average salary).
Estimated national average yearly salary is 163,662,470 ECS (6,310 USD). Value indicated is pre-tax. Below graph shows estimated Underwriter job salary compared to average salary in Ecuador.
Comparison shows that a person working as Underwriter in Ecuador 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 238,885,491 ECS and 314,894,511 ECS. However this is an estimation based on Gaussian Distribution.How much can you save working as Underwriter in Ecuador?
Living in Ecuador the approximate monthly expenses are: 252 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: 217,168,628 ECS
Estimated Monthly Salary: 18,097,386 ECS
Estimated Weekly Salary: 4,176,320 ECS per week
Estimated Hourly Salary: 104,408 ECS per hour
By working as Underwriter a person can save up to 389 USD per month or 4,669 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 Ecuador, see costs of living in Ecuador.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Colombia, Peru. 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
Colombia is 7,949 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 Ecuador
(1,855,980,438 ECS per year, pre-tax.)
2. Cardiologist
(1,555,155,042 ECS per year, pre-tax.)
(1,492,481,780 ECS per year, pre-tax.)
4. Neurosurgeon
(1,451,252,556 ECS per year, pre-tax.)
(1,445,038,889 ECS per year, pre-tax.)
(1,418,984,151 ECS per year, pre-tax.)
(1,418,715,651 ECS per year, pre-tax.)
(1,416,409,138 ECS per year, pre-tax.)
9. Oncologist
(1,414,323,101 ECS per year, pre-tax.)
10. Urologist
(1,413,729,680 ECS per year, pre-tax.)
Data as of 2025Random salary:
General construction worker (83,879,636 ECS per year, pre-tax.)
Master scheduler (250,820,312 ECS per year, pre-tax.)
Corporate services director (265,128,014 ECS per year, pre-tax.)
Associate attorney lawyer (corporate in-house) (266,397,633 ECS per year, pre-tax.)
Baler (94,436,257 ECS per year, pre-tax.)
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