Insurance Underwriting Clerk salary in Iceland

Average Yearly Salary of Insurance Underwriting Clerk in Iceland is approximately 7,370,642 ISK (51,574 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 Underwriting Clerk do?

An insurance underwriting clerk is responsible for providing administrative support to insurance underwriters. They assist in the underwriting process by gathering and verifying information, such as policy applications, medical records, and financial statements. These clerks review documents for accuracy and completeness, enter data into computer systems, and generate reports. They may also correspond with clients or agents to obtain missing information or clarify details. Additionally, insurance underwriting clerks may assist in the preparation of quotes and policies, as well as handle policy cancellations or modifications. Strong attention to detail, excellent organizational skills, and proficiency in computer software are essential for this role.

Skills: Insurance, Underwriting, Clerk, Administrative Support, Data Entry, Attention to Detail
Job industry: Insurance

How much does Insurance Underwriting Clerk 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 Underwriting Clerk a well paid job?

Yes, our data show that Insurance Underwriting Clerk 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 Insurance Underwriting Clerk?

High salary for Insurance Underwriting Clerk would be somewhere between 8,107,706 ISK and 10,687,431 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Insurance Underwriting Clerk 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: 7,370,642 ISK
Estimated Monthly Salary: 614,220 ISK
Estimated Weekly Salary: 141,743 ISK per week
Estimated Hourly Salary: 3,544 ISK per hour
By working as Insurance Underwriting Clerk a person can save up to 1,569 USD per month or 18,828 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 Underwriting Clerk

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.

Top 10 highest salaries in Iceland

Data as of 2025

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