Home > Salary > Iraq > Underwriter Iii
The occupation of an Underwriter III involves assessing and evaluating insurance applications to determine the risk level and appropriate coverage for clients. Underwriters III typically work with complex and high-value policies, such as commercial or specialty insurance. They review various factors, including financial statements, industry trends, and claims history, to make informed decisions on policy approvals, terms, and pricing. Underwriter III also collaborate with brokers, agents, and other professionals to gather necessary information and provide recommendations on risk management strategies. They may negotiate terms and conditions with clients and ensure compliance with underwriting guidelines and regulations. Strong analytical skills, attention to detail, and knowledge of insurance products and industry trends are essential for this role.
Estimated Yearly Salary: 12,631,984 IQD
Estimated Monthly Salary: 1,052,665 IQD
Estimated Weekly Salary: 242,923 IQD per week
Estimated Hourly Salary: 6,073 IQD per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 1,017,640 IQD
Estimated Weekly Salary: 234,840 IQD per week
Estimated Hourly Salary: 5,871 IQD per hour
Last revision of data: 2024-01-08
Estimated Yearly Salary: 8,559 USD
Estimated Monthly Salary: 713 USD
Estimated Weekly Salary: 165 USD per week
Estimated Hourly Salary: 4 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: 12,631,984 IQD
Estimated Monthly Salary: 1,052,665 IQD
Estimated Weekly Salary: 242,923 IQD per week
Estimated Hourly Salary: 6,073 IQD per hour
By working as Underwriter Iii a person can save up to 473 USD per month or 5,679 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 Iraq, see costs of living in Iraq.
Estimated Yearly Salary for Underwriter Iii
Last revision of data: 2025-01-04
Data as of 2025
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Underwriter Iii salary in Iraq
Average Yearly Salary of Underwriter Iii in Iraq is approximately 12,631,984 IQD (8,559 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 Iii do?
The occupation of an Underwriter III involves assessing and evaluating insurance applications to determine the risk level and appropriate coverage for clients. Underwriters III typically work with complex and high-value policies, such as commercial or specialty insurance. They review various factors, including financial statements, industry trends, and claims history, to make informed decisions on policy approvals, terms, and pricing. Underwriter III also collaborate with brokers, agents, and other professionals to gather necessary information and provide recommendations on risk management strategies. They may negotiate terms and conditions with clients and ensure compliance with underwriting guidelines and regulations. Strong analytical skills, attention to detail, and knowledge of insurance products and industry trends are essential for this role.
Skills: Underwriter III, Insurance, Risk assessment, Policy evaluation, Analytical skills, Compliance, Specialty insurance.
Job industry: Insurance
Job industry: Insurance
How much does Underwriter Iii make?
Salary details
How much does Underwriter Iii make?Estimated Yearly Salary: 12,631,984 IQD
Estimated Monthly Salary: 1,052,665 IQD
Estimated Weekly Salary: 242,923 IQD per week
Estimated Hourly Salary: 6,073 IQD per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 12,211,680 IQDEstimated Monthly Salary: 1,017,640 IQD
Estimated Weekly Salary: 234,840 IQD per week
Estimated Hourly Salary: 5,871 IQD per hour
Last revision of data: 2024-01-08Underwriter Iii estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 8,559 USD
Estimated Monthly Salary: 713 USD
Estimated Weekly Salary: 165 USD per week
Estimated Hourly Salary: 4 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
Compare salary to other countries
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Country:
Salary comparison to National average
Iraq, a nation in the Middle East, possesses vast oil reserves, fueling its economy and global energy trade. Key industries include oil and gas extraction, agriculture, and a burgeoning construction sector as the nation rebuilds its infrastructure. The rich historical and cultural heritage also draws tourists. However, Iraq faces challenges including political instability and security concerns. Despite these, the country exhibits economic potential and a resilient population, striving to rebuild and diversify its economy beyond oil and embrace a future of growth and stability.
Estimated national average yearly salary is 8,160,000 IQD (6,000 USD). Value indicated is pre-tax. Below graph shows estimated Underwriter Iii job salary compared to average salary in Iraq.
Comparison shows that a person working as Underwriter Iii in Iraq earns on average:
1.55 times the average salary (or 155% of average salary).
Estimated national average yearly salary is 8,160,000 IQD (6,000 USD). Value indicated is pre-tax. Below graph shows estimated Underwriter Iii job salary compared to average salary in Iraq.
Comparison shows that a person working as Underwriter Iii in Iraq earns on average:
1.55 times the average salary (or 155% of average salary).
Is Underwriter Iii a well paid job?
Yes, our data shows that Underwriter Iii 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 Underwriter Iii?
High salary for Underwriter Iii would be somewhere between 13,895,182 IQD and 18,316,377 IQD. However this is an estimation based on Gaussian Distribution.How much can you save working as Underwriter Iii in Iraq?
Living in Iraq the approximate monthly expenses are: 240 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: 12,631,984 IQD
Estimated Monthly Salary: 1,052,665 IQD
Estimated Weekly Salary: 242,923 IQD per week
Estimated Hourly Salary: 6,073 IQD per hour
By working as Underwriter Iii a person can save up to 473 USD per month or 5,679 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 Iraq, see costs of living in Iraq.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Iran, Jordan, Kuwait, Saudi Arabia, Syria, Turkey. 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 Iii
Iran is 11,245 USD
Jordan is 13,501 USD
Kuwait is 19,075 USD
Saudi Arabia is 39,229 USD
Syria is 5,224 USD
Turkey is 15,072 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 Iraq
(93,035,848 IQD per year, pre-tax.)
2. Cardiologist
(77,420,383 IQD per year, pre-tax.)
(74,436,118 IQD per year, pre-tax.)
4. Neurosurgeon
(72,585,795 IQD per year, pre-tax.)
(72,416,543 IQD per year, pre-tax.)
(70,778,229 IQD per year, pre-tax.)
(70,769,927 IQD per year, pre-tax.)
(70,594,393 IQD per year, pre-tax.)
9. Urologist
(70,443,660 IQD per year, pre-tax.)
10. Oncologist
(70,429,777 IQD per year, pre-tax.)
Data as of 2025Random salary:
Optometric technician (4,715,097 IQD per year, pre-tax.)
Electrician certified (8,819,382 IQD per year, pre-tax.)
Sheriff (9,057,600 IQD per year, pre-tax.)
Network engineering manager (15,429,777 IQD per year, pre-tax.)
Senior project administrator general (8,568,000 IQD per year, pre-tax.)
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