Home > Salary > Ethiopia > Underwriting Specialist
An underwriting specialist is a professional responsible for assessing and evaluating risks associated with insurance policies and determining the appropriate coverage and premiums. They analyze applications, review financial documents, and conduct research to gather necessary information to make informed decisions. Underwriting specialists work closely with agents and brokers to understand client needs and ensure compliance with underwriting guidelines and regulations. They also collaborate with other departments, such as claims and legal, to resolve complex issues and provide support in policy renewals and modifications. Strong analytical skills, attention to detail, and the ability to make sound judgments are essential for success in this occupation.
Estimated Yearly Salary: 143,500 ETB
Estimated Monthly Salary: 11,958 ETB
Estimated Weekly Salary: 2,760 ETB per week
Estimated Hourly Salary: 69 ETB per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 11,510 ETB
Estimated Weekly Salary: 2,656 ETB per week
Estimated Hourly Salary: 66 ETB per hour
Last revision of data: 2024-01-06
Estimated Yearly Salary: 2,375 USD
Estimated Monthly Salary: 198 USD
Estimated Weekly Salary: 46 USD per week
Estimated Hourly Salary: 1 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %
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: 143,500 ETB
Estimated Monthly Salary: 11,958 ETB
Estimated Weekly Salary: 2,760 ETB per week
Estimated Hourly Salary: 69 ETB per hour
By working as Underwriting Specialist a person can save up to 121 USD per month or 1,453 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 Underwriting Specialist
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
Vet technician (46,306 ETB per year, pre-tax.)
Cardiac surgeon (813,435 ETB per year, pre-tax.)
Associate professor of english (85,512 ETB per year, pre-tax.)
Electric power technician (123,512 ETB per year, pre-tax.)
Maintenance mechanic (74,375 ETB per year, pre-tax.)
Underwriting Specialist salary in Ethiopia
Average Yearly Salary of Underwriting Specialist in Ethiopia is approximately 143,500 ETB (2,375 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 Specialist do?
An underwriting specialist is a professional responsible for assessing and evaluating risks associated with insurance policies and determining the appropriate coverage and premiums. They analyze applications, review financial documents, and conduct research to gather necessary information to make informed decisions. Underwriting specialists work closely with agents and brokers to understand client needs and ensure compliance with underwriting guidelines and regulations. They also collaborate with other departments, such as claims and legal, to resolve complex issues and provide support in policy renewals and modifications. Strong analytical skills, attention to detail, and the ability to make sound judgments are essential for success in this occupation.
Skills: underwriting specialist, risk assessment, insurance policies, premium determination, compliance, analytical skills
Job industry: Insurance
Job industry: Insurance
How much does Underwriting Specialist make?
Salary details
How much does Underwriting Specialist make?Estimated Yearly Salary: 143,500 ETB
Estimated Monthly Salary: 11,958 ETB
Estimated Weekly Salary: 2,760 ETB per week
Estimated Hourly Salary: 69 ETB per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 138,120 ETBEstimated Monthly Salary: 11,510 ETB
Estimated Weekly Salary: 2,656 ETB per week
Estimated Hourly Salary: 66 ETB per hour
Last revision of data: 2024-01-06Underwriting Specialist estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 2,375 USD
Estimated Monthly Salary: 198 USD
Estimated Weekly Salary: 46 USD per week
Estimated Hourly Salary: 1 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %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
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 Underwriting Specialist job salary compared to average salary in Ethiopia.
Comparison shows that a person working as Underwriting Specialist in Ethiopia earns on average:
1.36 times the average salary (or 136% of average salary).
Estimated national average yearly salary is 105,216 ETB (1,920 USD). Value indicated is pre-tax. Below graph shows estimated Underwriting Specialist job salary compared to average salary in Ethiopia.
Comparison shows that a person working as Underwriting Specialist in Ethiopia earns on average:
1.36 times the average salary (or 136% of average salary).
Is Underwriting Specialist a well paid job?
Yes, our data shows that Underwriting Specialist 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 Underwriting Specialist?
High salary for Underwriting Specialist would be somewhere between 157,850 ETB and 208,075 ETB. However this is an estimation based on Gaussian Distribution.How much can you save working as Underwriting Specialist 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: 143,500 ETB
Estimated Monthly Salary: 11,958 ETB
Estimated Weekly Salary: 2,760 ETB per week
Estimated Hourly Salary: 69 ETB per hour
By working as Underwriting Specialist a person can save up to 121 USD per month or 1,453 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 Underwriting Specialist
Sudan is 946 USD
Kenya is 7,449 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:
Vet technician (46,306 ETB per year, pre-tax.)
Cardiac surgeon (813,435 ETB per year, pre-tax.)
Associate professor of english (85,512 ETB per year, pre-tax.)
Electric power technician (123,512 ETB per year, pre-tax.)
Maintenance mechanic (74,375 ETB per year, pre-tax.)
Feedback about these results
Please provide feedback by clicking buttons below if you find any of our salaries erroneous.
Link to this graph - use the following code to display the salary graph on your page:
<a href='https://optisalary.com/salary?country=ethiopia&job=underwriting-specialist'><img src='https://optisalary.com/wp-content/graphs/salary/underwriting-specialist-salary-in-ethiopia-2025.jpg' alt='underwriting specialist salary in ethiopia 2025' title='underwriting specialist salary in ethiopia 2025' /></a>
Please note:Salary information displayed on this site is informational only.
All salary data on optisalary.com are for reference purposes only. We compile data from numerous trusted sources, yet cannot guarantee complete precision. Before making career decisions, users should consult external verified sources. Salaries change due to several factors, including negotiation skills, industry demand, and experience levels. We deny any responsibility for misrepresentations in the salary estimates provided here. Your engagement with optisalary.com indicates agreement of this policy.
This website presents salary data for informational use exclusively. We attempt to provide reliable figures, but do not assure their precision. Users are urged to check alternative sources before making employment choices. Salary amounts can fluctuate due to geographic location, experience, and industry trends. We accept no responsibility for errors in the salary information provided. Your continued use with this site confirms understanding of this policy.