Automobile And Property Underwriter salary in Iceland

Average Yearly Salary of Automobile And Property Underwriter in Iceland is approximately 10,210,919 ISK (71,729 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 Automobile And Property Underwriter do?

An automobile and property underwriter is responsible for assessing and evaluating insurance applications related to automobiles and properties. They analyze risks associated with insuring these assets, determine appropriate coverage levels, and calculate premiums based on factors such as the value of the property, driving records, and claims history. They also review policy terms and conditions, negotiate with clients or brokers, and make decisions on whether to accept or decline applications. Additionally, they may conduct site visits to assess the condition of properties and provide recommendations for risk mitigation. This occupation requires strong analytical skills, attention to detail, and knowledge of insurance regulations and underwriting guidelines.

Skills: Automobile underwriter, Property underwriter, Insurance underwriting, Risk assessment, Premium calculation, Policy evaluation
Job industry: Insurance

How much does Automobile And Property Underwriter make?

Difference in salary year over year or average salary increase is approximately 3 %


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Salary comparison to National average

Is Automobile And Property Underwriter a well paid job?

Yes, our data show that Automobile And Property Underwriter 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 Automobile And Property Underwriter?

High salary for Automobile And Property Underwriter would be somewhere between 11,232,011 ISK and 14,805,833 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Automobile And Property Underwriter in Iceland?

Living in Iceland the approximate monthly expenses are: 2,729 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: 10,210,919 ISK
Estimated Monthly Salary: 850,910 ISK
Estimated Weekly Salary: 196,364 ISK per week
Estimated Hourly Salary: 4,909 ISK per hour
By working as Automobile And Property Underwriter a person can save up to 3,249 USD per month or 38,983 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 Iceland, see costs of living in Iceland.

Salary comparison to region and neighbouring coutries

Country's neighbours are: Norway, Faroe Islands, United Kingdom.
To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).

Estimated Yearly Salary for Automobile And Property Underwriter

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 +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 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.

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Data as of 2025

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