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The occupation of a Chief Underwriter involves overseeing the underwriting process within an organization. Chief Underwriters are responsible for managing a team of underwriters, ensuring that they adhere to company policies and guidelines while assessing risks associated with insurance or loan applications. They review complex or high-value cases, make final underwriting decisions, and provide guidance to their team members. Chief Underwriters collaborate with other departments such as sales, marketing, and claims to ensure effective risk management and profitability. They may also develop and implement underwriting strategies, monitor industry trends, and recommend changes to underwriting policies. Strong analytical skills, attention to detail, and the ability to make sound judgments are essential in this role.
Estimated Yearly Salary: 496,879,341 IDR
Estimated Monthly Salary: 41,406,612 IDR
Estimated Weekly Salary: 9,555,372 IDR per week
Estimated Hourly Salary: 238,884 IDR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 40,151,039 IDR
Estimated Weekly Salary: 9,265,624 IDR per week
Estimated Hourly Salary: 231,641 IDR per hour
Last revision of data: 2024-01-06
Estimated Yearly Salary: 30,108 USD
Estimated Monthly Salary: 2,509 USD
Estimated Weekly Salary: 579 USD per week
Estimated Hourly Salary: 14 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %
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: 496,879,341 IDR
Estimated Monthly Salary: 41,406,612 IDR
Estimated Weekly Salary: 9,555,372 IDR per week
Estimated Hourly Salary: 238,884 IDR per hour
By working as Chief Underwriter a person can save up to 2,086 USD per month or 25,030 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 Indonesia, see costs of living in Indonesia.
Estimated Yearly Salary for Chief Underwriter
Last revision of data: 2025-01-04
Data as of 2025
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Chief Underwriter salary in Indonesia
Average Yearly Salary of Chief Underwriter in Indonesia is approximately 496,879,341 IDR (30,108 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 Chief Underwriter do?
The occupation of a Chief Underwriter involves overseeing the underwriting process within an organization. Chief Underwriters are responsible for managing a team of underwriters, ensuring that they adhere to company policies and guidelines while assessing risks associated with insurance or loan applications. They review complex or high-value cases, make final underwriting decisions, and provide guidance to their team members. Chief Underwriters collaborate with other departments such as sales, marketing, and claims to ensure effective risk management and profitability. They may also develop and implement underwriting strategies, monitor industry trends, and recommend changes to underwriting policies. Strong analytical skills, attention to detail, and the ability to make sound judgments are essential in this role.
Skills: Chief Underwriter, Underwriting, Risk Management, Insurance, Loan Applications, Analytical Skills
Job industry: Insurance
Job industry: Insurance
How much does Chief Underwriter make?
Salary details
How much does Chief Underwriter make?Estimated Yearly Salary: 496,879,341 IDR
Estimated Monthly Salary: 41,406,612 IDR
Estimated Weekly Salary: 9,555,372 IDR per week
Estimated Hourly Salary: 238,884 IDR per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 481,812,464 IDREstimated Monthly Salary: 40,151,039 IDR
Estimated Weekly Salary: 9,265,624 IDR per week
Estimated Hourly Salary: 231,641 IDR per hour
Last revision of data: 2024-01-06Chief Underwriter estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 30,108 USD
Estimated Monthly Salary: 2,509 USD
Estimated Weekly Salary: 579 USD per week
Estimated Hourly Salary: 14 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %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
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Salary comparison to National average
Indonesia, located in Southeast Asia, is the world's largest archipelago consisting of more than 17,000 islands. With a population of over 270 million people, it is the fourth most populous country globally. The nation spans approximately 1.9 million square kilometers, making it the 14th largest country by land area.
Estimated national average yearly salary is 160,287,000 IDR (10,580 USD). Value indicated is pre-tax. Below graph shows estimated Chief Underwriter job salary compared to average salary in Indonesia.
Comparison shows that a person working as Chief Underwriter in Indonesia earns on average:
3.1 times the average salary (or 310% of average salary).
Estimated national average yearly salary is 160,287,000 IDR (10,580 USD). Value indicated is pre-tax. Below graph shows estimated Chief Underwriter job salary compared to average salary in Indonesia.
Comparison shows that a person working as Chief Underwriter in Indonesia earns on average:
3.1 times the average salary (or 310% of average salary).
Is Chief Underwriter a well paid job?
Yes, our data show that Chief Underwriter is a very well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.What is considered a high salary for Chief Underwriter?
High salary for Chief Underwriter would be somewhere between 546,567,275 IDR and 720,475,044 IDR. However this is an estimation based on Gaussian Distribution.How much can you save working as Chief Underwriter in Indonesia?
Living in Indonesia the approximate monthly expenses are: 423 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: 496,879,341 IDR
Estimated Monthly Salary: 41,406,612 IDR
Estimated Weekly Salary: 9,555,372 IDR per week
Estimated Hourly Salary: 238,884 IDR per hour
By working as Chief Underwriter a person can save up to 2,086 USD per month or 25,030 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 Indonesia, see costs of living in Indonesia.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Malaysia, Papua New Guinea, East Timor. To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).Estimated Yearly Salary for Chief Underwriter
Malaysia is 50,860 USD
East Timor is 127,984 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 Indonesia
(1,825,698,192 IDR per year, pre-tax.)
2. Cardiologist
(1,516,604,457 IDR per year, pre-tax.)
(1,461,048,780 IDR per year, pre-tax.)
4. Neurosurgeon
(1,421,992,567 IDR per year, pre-tax.)
(1,415,761,811 IDR per year, pre-tax.)
(1,390,462,773 IDR per year, pre-tax.)
(1,387,366,201 IDR per year, pre-tax.)
(1,385,685,106 IDR per year, pre-tax.)
9. Oncologist
(1,385,109,120 IDR per year, pre-tax.)
10. Plastic surgeon
(1,383,933,123 IDR per year, pre-tax.)
Data as of 2025Random salary:
Workforce management analyst (140,210,620 IDR per year, pre-tax.)
Academic recruiter (196,153,292 IDR per year, pre-tax.)
Weekend anchor (144,728,696 IDR per year, pre-tax.)
Chief technology officer (cto) (557,991,546 IDR per year, pre-tax.)
Freelance graphic designer (214,247,729 IDR per year, pre-tax.)
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