Home > Salary > Ethiopia > Underwriter 1
An 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.
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
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
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
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: 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.
Estimated Yearly Salary for Underwriter 1
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
Ehr systems analyst (182,100 ETB per year, pre-tax.)
Senior asset manager (193,380 ETB per year, pre-tax.)
Hr benefits manager (111,518 ETB per year, pre-tax.)
Billing posting clerk (53,941 ETB per year, pre-tax.)
District attorney (173,144 ETB per year, pre-tax.)
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?
An 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
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: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 106,740 ETBEstimated Monthly Salary: 8,895 ETB
Estimated Weekly Salary: 2,053 ETB per week
Estimated Hourly Salary: 51 ETB per hour
Last revision of data: 2024-01-09Underwriter 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
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
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Country:
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).
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 USD
Kenya is 5,771 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 Ethiopia
(1,198,707 ETB per year, pre-tax.)
2. Cardiologist
(998,053 ETB per year, pre-tax.)
(968,024 ETB per year, pre-tax.)
4. Neurosurgeon
(937,399 ETB per year, pre-tax.)
(935,134 ETB per year, pre-tax.)
(915,448 ETB per year, pre-tax.)
7. Oncologist
(913,122 ETB per year, pre-tax.)
(912,301 ETB per year, pre-tax.)
(911,770 ETB per year, pre-tax.)
10. Dermatologist
(911,678 ETB per year, pre-tax.)
Data as of 2025Random salary:
Ehr systems analyst (182,100 ETB per year, pre-tax.)
Senior asset manager (193,380 ETB per year, pre-tax.)
Hr benefits manager (111,518 ETB per year, pre-tax.)
Billing posting clerk (53,941 ETB per year, pre-tax.)
District attorney (173,144 ETB per year, pre-tax.)
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Please note:This website presents salary estimates for educational purposes only.
This website aggregates salary information for educational use only. While we endeavor to deliver accurate figures, we cannot warrant their absolute reliability. Users are highly advised to check with other sources before finalizing financial decisions. Salary figures fluctuate based on several factors, such as industry trends, negotiation power, and regional demand. We do not offer any claims as to the correctness of the provided information. Your access of this site indicates acceptance of this notice.
This website compiles salary information for educational purposes only. While we endeavor to present accurate estimates, we do not ensure their absolute reliability. Users are strongly advised to consult additional sources before finalizing career-related decisions. Salary figures vary based on multiple factors, such as industry trends, negotiation power, and regional demand. We do not offer any guarantees as to the validity of the provided information. Your use of this site indicates agreement of this notice.