Senior Underwriting Assistant salary in Iceland

Average Yearly Salary of Senior Underwriting Assistant in Iceland is approximately 11,116,239 ISK (77,949 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 Underwriting Assistant do?

A senior underwriting assistant is responsible for providing support to the underwriting team in an insurance company or financial institution. They assist in the evaluation of insurance applications, analyzing risks, and determining appropriate premiums and coverage options. Their duties include reviewing and processing policy documents, verifying accuracy of information, and conducting research to gather relevant data for risk assessment. They also collaborate with brokers, agents, and clients to address inquiries and resolve issues related to policies and claims. Additionally, senior underwriting assistants may supervise and train junior staff members, as well as assist in developing and implementing underwriting guidelines and procedures.

Skills: senior underwriting assistant, insurance, risk assessment, policy processing, client service, underwriting guidelines
Job industry: Insurance

How much does Senior Underwriting Assistant make?

Difference in salary year over year or average salary increase is approximately 4 %


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Salary comparison to National average

Is Senior Underwriting Assistant a well paid job?

Yes, our data shows that Senior Underwriting Assistant 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 Underwriting Assistant?

High salary for Senior Underwriting Assistant would be somewhere between 12,227,863 ISK and 16,118,547 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Senior Underwriting Assistant 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: 11,116,239 ISK
Estimated Monthly Salary: 926,353 ISK
Estimated Weekly Salary: 213,774 ISK per week
Estimated Hourly Salary: 5,344 ISK per hour
By working as Senior Underwriting Assistant a person can save up to 3,767 USD per month or 45,203 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 Senior Underwriting Assistant

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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