Home > Salary > Iceland > Underwriter 1
An underwriter is a professional who assesses and evaluates insurance applications to determine the level of risk involved in insuring individuals or organizations. They analyze various factors such as the applicant's health, financial status, and potential risks associated with the policy. Underwriters use this information to calculate premiums and decide whether to accept or reject an insurance application. They also ensure that the policies comply with legal and regulatory requirements.
Estimated Yearly Salary: 9,390,827 ISK
Estimated Monthly Salary: 782,569 ISK
Estimated Weekly Salary: 180,593 ISK per week
Estimated Hourly Salary: 4,515 ISK per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 753,205 ISK
Estimated Weekly Salary: 173,817 ISK per week
Estimated Hourly Salary: 4,345 ISK per hour
Last revision of data: 2024-01-08
Estimated Yearly Salary: 65,628 USD
Estimated Monthly Salary: 5,469 USD
Estimated Weekly Salary: 1,262 USD per week
Estimated Hourly Salary: 32 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.
Want to check how your salary compares? Submit your own salary here
Estimated Yearly Salary: 9,390,827 ISK
Estimated Monthly Salary: 782,569 ISK
Estimated Weekly Salary: 180,593 ISK per week
Estimated Hourly Salary: 4,515 ISK per hour
By working as Underwriter 1 a person can save up to 2,740 USD per month or 32,882 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.
Estimated Yearly Salary for Underwriter 1
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
Mixing or blending machine setter operator tender (6,366,687 ISK per year, pre-tax.)
Operations manager financial organization (12,653,784 ISK per year, pre-tax.)
Mixing or blending machine setter operator tender (6,167,447 ISK per year, pre-tax.)
Account manager advertising (10,739,729 ISK per year, pre-tax.)
Head of business continuity planning (22,436,557 ISK per year, pre-tax.)
Underwriter 1 salary in Iceland
Average Yearly Salary of Underwriter 1 in Iceland is approximately 9,390,827 ISK (65,628 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 Underwriter 1 do?
An underwriter is a professional who assesses and evaluates insurance applications to determine the level of risk involved in insuring individuals or organizations. They analyze various factors such as the applicant's health, financial status, and potential risks associated with the policy. Underwriters use this information to calculate premiums and decide whether to accept or reject an insurance application. They also ensure that the policies comply with legal and regulatory requirements.
Skills: Underwriter, Risk assessment, Insurance industry, Financial analysis, Policy evaluation, Premium calculation
Job industry: Finance
Job industry: Finance
How much does Underwriter 1 make?
Salary details
How much does Underwriter 1 make?Estimated Yearly Salary: 9,390,827 ISK
Estimated Monthly Salary: 782,569 ISK
Estimated Weekly Salary: 180,593 ISK per week
Estimated Hourly Salary: 4,515 ISK per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 9,038,458 ISKEstimated Monthly Salary: 753,205 ISK
Estimated Weekly Salary: 173,817 ISK per week
Estimated Hourly Salary: 4,345 ISK per hour
Last revision of data: 2024-01-08Underwriter 1 estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 65,628 USD
Estimated Monthly Salary: 5,469 USD
Estimated Weekly Salary: 1,262 USD per week
Estimated Hourly Salary: 32 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
Please type in your occupation and select desired country to see latest trends in salaries.
Country:
Salary comparison to National average
Iceland, a Nordic island country located in the North Atlantic Ocean, is known for its stunning natural landscapes and unique geological features. With a population of approximately 366,000 people, Iceland is one of the least densely populated countries in Europe. The country covers an area of about 103,000 square kilometers, making it the 18th largest island in the world.
Estimated national average yearly salary is 8,949,782 ISK (68,220 USD). Value indicated is pre-tax. Below graph shows estimated Underwriter 1 job salary compared to average salary in Iceland.
Comparison shows that a person working as Underwriter 1 in Iceland earns on average:
1.05 times the average salary (or 105% of average salary).
Estimated national average yearly salary is 8,949,782 ISK (68,220 USD). Value indicated is pre-tax. Below graph shows estimated Underwriter 1 job salary compared to average salary in Iceland.
Comparison shows that a person working as Underwriter 1 in Iceland earns on average:
1.05 times the average salary (or 105% of average salary).
Is Underwriter 1 a well paid job?
Yes, our data show that Underwriter 1 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 Underwriter 1?
High salary for Underwriter 1 would be somewhere between 10,329,910 ISK and 13,616,699 ISK. However this is an estimation based on Gaussian Distribution.How much can you save working as Underwriter 1 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: 9,390,827 ISK
Estimated Monthly Salary: 782,569 ISK
Estimated Weekly Salary: 180,593 ISK per week
Estimated Hourly Salary: 4,515 ISK per hour
By working as Underwriter 1 a person can save up to 2,740 USD per month or 32,882 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 Underwriter 1
Norway is 91,261 USD
United Kingdom is 43,004 USD
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 Iceland
(101,519,791 ISK per year, pre-tax.)
2. Cardiologist
(84,892,494 ISK per year, pre-tax.)
(82,036,676 ISK per year, pre-tax.)
4. Neurosurgeon
(79,530,435 ISK per year, pre-tax.)
(79,217,486 ISK per year, pre-tax.)
(77,544,423 ISK per year, pre-tax.)
(77,443,218 ISK per year, pre-tax.)
(77,278,803 ISK per year, pre-tax.)
9. Oncologist
(77,260,671 ISK per year, pre-tax.)
(77,231,503 ISK per year, pre-tax.)
Data as of 2025Random salary:
Mixing or blending machine setter operator tender (6,366,687 ISK per year, pre-tax.)
Operations manager financial organization (12,653,784 ISK per year, pre-tax.)
Mixing or blending machine setter operator tender (6,167,447 ISK per year, pre-tax.)
Account manager advertising (10,739,729 ISK per year, pre-tax.)
Head of business continuity planning (22,436,557 ISK per year, pre-tax.)
Feedback about these results
Please provide feedback by clicking buttons below if you find any of our salaries erroneous.
Link to this graph - use the following code to display the salary graph on your page:
<a href='https://optisalary.com/salary?country=iceland&job=underwriter-1'><img src='https://optisalary.com/wp-content/graphs/salary/underwriter-1-salary-in-iceland-2025.jpg' alt='underwriter 1 salary in iceland 2025' title='underwriter 1 salary in iceland 2025' /></a>
Please note:optisalary.com presents salary data for reference purposes exclusively.
The salary data presented here are meant for reference purposes solely. While we attempt to ensure accuracy, we cannot guarantee every estimate is precise. Users should to confirm salary details with independent sources before making important career decisions. Salary amounts may fluctuate due to economic shifts, demand variations, and regional factors. We disclaim responsibility for inaccuracies in the compensation data displayed.
optisalary.com aggregates salary data for reference use only. While we strive to deliver accurate figures, we cannot ensure their absolute reliability. Users are highly advised to consult other sources before finalizing career-related decisions. Salary amounts fluctuate based on several factors, such as industry trends, negotiation power, and regional demand. We do not offer any claims as to the validity of the listed data. Your access of this site indicates agreement of this disclaimer.