Home > Salary > Ghana > Senior Underwriter
A senior underwriter is responsible for analyzing and evaluating insurance applications to determine the level of risk involved and decide on appropriate coverage and premium rates. They review complex insurance policies, assess the potential risks, and make recommendations based on their analysis. Senior underwriters also interact with clients and agents to gather additional information or clarify policy details. They ensure that all underwriting guidelines and regulations are followed, and may provide guidance and support to junior underwriters.
Estimated Yearly Salary: 70,162 GHS
Estimated Monthly Salary: 5,847 GHS
Estimated Weekly Salary: 1,349 GHS per week
Estimated Hourly Salary: 34 GHS per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 5,646 GHS
Estimated Weekly Salary: 1,303 GHS per week
Estimated Hourly Salary: 33 GHS per hour
Last revision of data: 2024-01-02
Estimated Yearly Salary: 5,840 USD
Estimated Monthly Salary: 487 USD
Estimated Weekly Salary: 112 USD per week
Estimated Hourly Salary: 3 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.
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Estimated Yearly Salary: 70,162 GHS
Estimated Monthly Salary: 5,847 GHS
Estimated Weekly Salary: 1,349 GHS per week
Estimated Hourly Salary: 34 GHS per hour
By working as Senior Underwriter a person can save up to 347 USD per month or 4,160 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 Ghana, see costs of living in Ghana.
Estimated Yearly Salary for Senior Underwriter
Last revision of data: 2025-01-04
Data as of 2025
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Senior Underwriter salary in Ghana
Average Yearly Salary of Senior Underwriter in Ghana is approximately 70,162 GHS (5,840 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 Senior Underwriter do?
A senior underwriter is responsible for analyzing and evaluating insurance applications to determine the level of risk involved and decide on appropriate coverage and premium rates. They review complex insurance policies, assess the potential risks, and make recommendations based on their analysis. Senior underwriters also interact with clients and agents to gather additional information or clarify policy details. They ensure that all underwriting guidelines and regulations are followed, and may provide guidance and support to junior underwriters.
Skills: senior underwriter, insurance underwriting, risk assessment, policy analysis, premium rate determination, client interaction
Job industry: Insurance
Job industry: Insurance
How much does Senior Underwriter make?
Salary details
How much does Senior Underwriter make?Estimated Yearly Salary: 70,162 GHS
Estimated Monthly Salary: 5,847 GHS
Estimated Weekly Salary: 1,349 GHS per week
Estimated Hourly Salary: 34 GHS per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 67,752 GHSEstimated Monthly Salary: 5,646 GHS
Estimated Weekly Salary: 1,303 GHS per week
Estimated Hourly Salary: 33 GHS per hour
Last revision of data: 2024-01-02Senior Underwriter estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 5,840 USD
Estimated Monthly Salary: 487 USD
Estimated Weekly Salary: 112 USD per week
Estimated Hourly Salary: 3 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
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Salary comparison to National average
Ghana is a country located in West Africa. It has a population of approximately 31 million people and covers an area of about 238,535 square kilometers. The country is bordered by Cote d'Ivoire to the west, Burkina Faso to the north, Togo to the east, and the Atlantic Ocean to the south.
Estimated national average yearly salary is 39,200 GHS (3,500 USD). Value indicated is pre-tax. Below graph shows estimated Senior Underwriter job salary compared to average salary in Ghana.
Comparison shows that a person working as Senior Underwriter in Ghana earns on average:
1.79 times the average salary (or 179% of average salary).
Estimated national average yearly salary is 39,200 GHS (3,500 USD). Value indicated is pre-tax. Below graph shows estimated Senior Underwriter job salary compared to average salary in Ghana.
Comparison shows that a person working as Senior Underwriter in Ghana earns on average:
1.79 times the average salary (or 179% of average salary).
Is Senior Underwriter a well paid job?
Yes, our data shows that Senior 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 Senior Underwriter?
High salary for Senior Underwriter would be somewhere between 77,178 GHS and 101,735 GHS. However this is an estimation based on Gaussian Distribution.How much can you save working as Senior Underwriter in Ghana?
Living in Ghana the approximate monthly expenses are: 140 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: 70,162 GHS
Estimated Monthly Salary: 5,847 GHS
Estimated Weekly Salary: 1,349 GHS per week
Estimated Hourly Salary: 34 GHS per hour
By working as Senior Underwriter a person can save up to 347 USD per month or 4,160 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 Ghana, see costs of living in Ghana.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Burkina Faso, Cote d'Ivoire (Ivory Coast), Togo.. To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).Estimated Yearly Salary for Senior Underwriter
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 Ghana
(439,471 GHS per year, pre-tax.)
2. Cardiologist
(363,775 GHS per year, pre-tax.)
(351,690 GHS per year, pre-tax.)
(342,308 GHS per year, pre-tax.)
5. Neurosurgeon
(342,198 GHS per year, pre-tax.)
(334,060 GHS per year, pre-tax.)
7. Urologist
(333,287 GHS per year, pre-tax.)
(333,209 GHS per year, pre-tax.)
(333,002 GHS per year, pre-tax.)
10. Oncologist
(332,700 GHS per year, pre-tax.)
Data as of 2025Random salary:
Dsp software engineer (53,688 GHS per year, pre-tax.)
Radiology equipment specialist (56,696 GHS per year, pre-tax.)
Legislative analyst (43,743 GHS per year, pre-tax.)
Art appraiser (27,048 GHS per year, pre-tax.)
Electro optical engineer (56,112 GHS per year, pre-tax.)
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