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Underwriter 1 salary in Ethiopia

Average Yearly Salary of Underwriter 1 in Ethiopia is approximately 110,325 ETB (1,837 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 1 do?

occupation personasAn underwriter is a professional who assesses and evaluates insurance applications to determine the level of risk involved in insuring individuals or organizations. They analyze various factors such as the applicant's health, financial status, and potential risks associated with the policy. Underwriters use this information to calculate premiums and decide whether to accept or reject an insurance application. They also ensure that the policies comply with legal and regulatory requirements.

Skills: Underwriter, Risk assessment, Insurance industry, Financial analysis, Policy evaluation, Premium calculation
Job industry: Finance


How much does Underwriter 1 make?

Salary details
How much does Underwriter 1 make?
Estimated Yearly Salary: 110,325 ETB
Estimated Monthly Salary: 9,194 ETB
Estimated Weekly Salary: 2,122 ETB per week
Estimated Hourly Salary: 53 ETB per hour
Values are pre-tax
Last revision of data: 2025-01-04

Comparing salary to last year:
Estimated Yearly Salary: 106,740 ETB
Estimated Monthly Salary: 8,895 ETB
Estimated Weekly Salary: 2,053 ETB per week
Estimated Hourly Salary: 51 ETB per hour
Last revision of data: 2024-01-09



Underwriter 1 estimated salary in USD
For easier comparison here is an estimated salary in USD:
Estimated Yearly Salary: 1,837 USD
Estimated Monthly Salary: 153 USD
Estimated Weekly Salary: 35 USD per week
Estimated Hourly Salary: 1 USD per hour


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

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Salary comparison to National average

Ethiopia is a landlocked country located in the Horn of Africa. With a population of over 114 million people, it is the second-most populous country in Africa. Covering an area of approximately 1.1 million square kilometers, Ethiopia is the 27th largest country in the world. It shares borders with Eritrea to the north, Sudan to the west, South Sudan to the southwest, Kenya to the south, Somalia to the east, and Djibouti to the northeast.

Estimated national average yearly salary is 105,216 ETB (1,920 USD). Value indicated is pre-tax. Below graph shows estimated Underwriter 1 job salary compared to average salary in Ethiopia.
Comparison shows that a person working as Underwriter 1 in Ethiopia earns on average:
1.05 times the average salary (or 105% of average salary).

Is Underwriter 1 a well paid job?

Yes, our data show that Underwriter 1 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 1?

High salary for Underwriter 1 would be somewhere between 121,358 ETB and 159,971 ETB. However this is an estimation based on Gaussian Distribution.

How much can you save working as Underwriter 1 in Ethiopia?

Living in Ethiopia the approximate monthly expenses are: 77 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: 110,325 ETB
Estimated Monthly Salary: 9,194 ETB
Estimated Weekly Salary: 2,122 ETB per week
Estimated Hourly Salary: 53 ETB per hour
By working as Underwriter 1 a person can save up to 76 USD per month or 915 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 Ethiopia, see costs of living in Ethiopia.

Salary comparison to region and neighbouring coutries

Country's neighbours are: Djibouti, Eritrea, Sudan, South Sudan, Kenya, Somalia.
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 1

Sudan is 730 USDdown arrow 60%
Details on Underwriter 1 salary in Sudan
Kenya is 5,771 USDup arrow 214%
Details on Underwriter 1 salary in Kenya
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 Ethiopia

(1,198,707 ETB per year, pre-tax.)
(998,053 ETB per year, pre-tax.)
(968,024 ETB per year, pre-tax.)
(937,399 ETB per year, pre-tax.)
(935,134 ETB per year, pre-tax.)
(915,448 ETB per year, pre-tax.)
(913,122 ETB per year, pre-tax.)
(912,301 ETB per year, pre-tax.)
(911,770 ETB per year, pre-tax.)
(911,678 ETB per year, pre-tax.)

Data as of 2025

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underwriter 1 salary in ethiopia 2025
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The salary data on this site is intended for informational purposes exclusively. We provide salary insights based on multiple datasets, but do not guarantee absolute accuracy. Users should always cross-check salary details with other trusted sources before making career-related choices. Fluctuations in salary figures may arise due to various factors, including location, experience, and industry. We do not offer any warranty regarding the entirety of the provided salary data. Use of optisalary.com constitutes acknowledgment of these terms.
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