Insurance Underwriter Casualty salary in Iceland

Average Yearly Salary of Insurance Underwriter Casualty in Iceland is approximately 13,622,284 ISK (95,774 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 Insurance Underwriter Casualty do?

An insurance underwriter specializing in casualty insurance assesses and evaluates the risk associated with insuring individuals or businesses against liability for injuries to others or damage to their property. They analyze various factors such as the applicant's history, industry trends, and regulatory requirements to determine the appropriate coverage and premium rates. The underwriter reviews applications, conducts risk assessments, and makes decisions on policy approvals, modifications, or rejections. They also collaborate with agents, brokers, and other professionals to gather additional information and negotiate terms. This occupation requires strong analytical skills, attention to detail, and knowledge of insurance regulations and policies. Effective communication and decision-making abilities are essential to ensure accurate risk assessment and maintain profitable business relationships.

Skills: insurance underwriter, casualty insurance, risk assessment, liability coverage, premium rates, insurance regulations
Job industry: Insurance

How much does Insurance Underwriter Casualty make?

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


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Salary comparison to National average

Is Insurance Underwriter Casualty a well paid job?

Yes, our data shows that Insurance Underwriter Casualty 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 Insurance Underwriter Casualty?

High salary for Insurance Underwriter Casualty would be somewhere between 14,984,512 ISK and 19,752,312 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Insurance Underwriter Casualty 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: 13,622,284 ISK
Estimated Monthly Salary: 1,135,190 ISK
Estimated Weekly Salary: 261,967 ISK per week
Estimated Hourly Salary: 6,549 ISK per hour
By working as Insurance Underwriter Casualty a person can save up to 5,252 USD per month or 63,028 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 Insurance Underwriter Casualty

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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