Home > Salary > Israel > Insurance Underwriter Commercial Property
An insurance underwriter for commercial property is responsible for evaluating and assessing the risks associated with insuring commercial properties. They analyze various factors such as location, construction type, occupancy, and fire protection measures to determine the appropriate coverage and premium rates. The underwriter reviews applications, gathers necessary information, and conducts risk assessments to make informed decisions on policy approvals or rejections. They also collaborate with brokers, agents, and other professionals to ensure accurate and comprehensive underwriting. Additionally, they may negotiate terms and conditions, prepare policy documents, and provide guidance on risk management strategies to clients.
Estimated Yearly Salary: 268,208 ILS
Estimated Monthly Salary: 22,351 ILS
Estimated Weekly Salary: 5,158 ILS per week
Estimated Hourly Salary: 129 ILS per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 21,643 ILS
Estimated Weekly Salary: 4,995 ILS per week
Estimated Hourly Salary: 125 ILS per hour
Last revision of data: 2024-01-03
Estimated Yearly Salary: 67,251 USD
Estimated Monthly Salary: 5,604 USD
Estimated Weekly Salary: 1,293 USD per week
Estimated Hourly Salary: 32 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: 268,208 ILS
Estimated Monthly Salary: 22,351 ILS
Estimated Weekly Salary: 5,158 ILS per week
Estimated Hourly Salary: 129 ILS per hour
By working as Insurance Underwriter Commercial Property a person can save up to 3,418 USD per month or 41,019 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 Israel, see costs of living in Israel.
Estimated Yearly Salary for Insurance Underwriter Commercial Property
Last revision of data: 2025-01-04
Data as of 2025
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Insurance Underwriter Commercial Property salary in Israel
Average Yearly Salary of Insurance Underwriter Commercial Property in Israel is approximately 268,208 ILS (67,251 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 Underwriter Commercial Property do?
An insurance underwriter for commercial property is responsible for evaluating and assessing the risks associated with insuring commercial properties. They analyze various factors such as location, construction type, occupancy, and fire protection measures to determine the appropriate coverage and premium rates. The underwriter reviews applications, gathers necessary information, and conducts risk assessments to make informed decisions on policy approvals or rejections. They also collaborate with brokers, agents, and other professionals to ensure accurate and comprehensive underwriting. Additionally, they may negotiate terms and conditions, prepare policy documents, and provide guidance on risk management strategies to clients.
Skills: insurance underwriter, commercial property, risk assessment, policy approval, premium rates, risk management.
Job industry: Insurance
Job industry: Insurance
How much does Insurance Underwriter Commercial Property make?
Salary details
How much does Insurance Underwriter Commercial Property make?Estimated Yearly Salary: 268,208 ILS
Estimated Monthly Salary: 22,351 ILS
Estimated Weekly Salary: 5,158 ILS per week
Estimated Hourly Salary: 129 ILS per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 259,720 ILSEstimated Monthly Salary: 21,643 ILS
Estimated Weekly Salary: 4,995 ILS per week
Estimated Hourly Salary: 125 ILS per hour
Last revision of data: 2024-01-03Insurance Underwriter Commercial Property estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 67,251 USD
Estimated Monthly Salary: 5,604 USD
Estimated Weekly Salary: 1,293 USD per week
Estimated Hourly Salary: 32 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
Israel is a country located in the Middle East, bordered by Lebanon to the north, Syria to the northeast, Jordan to the east, and Egypt to the southwest. It has a diverse population of approximately 9 million people. The country covers an area of around 22,145 square kilometers (8,550 square miles). Israel is known for its rich history, cultural heritage, and religious significance.
Estimated national average yearly salary is 193,057 ILS (54,650 USD). Value indicated is pre-tax. Below graph shows estimated Insurance Underwriter Commercial Property job salary compared to average salary in Israel.
Comparison shows that a person working as Insurance Underwriter Commercial Property in Israel earns on average:
1.39 times the average salary (or 139% of average salary).
Estimated national average yearly salary is 193,057 ILS (54,650 USD). Value indicated is pre-tax. Below graph shows estimated Insurance Underwriter Commercial Property job salary compared to average salary in Israel.
Comparison shows that a person working as Insurance Underwriter Commercial Property in Israel earns on average:
1.39 times the average salary (or 139% of average salary).
Is Insurance Underwriter Commercial Property a well paid job?
Yes, our data shows that Insurance Underwriter Commercial Property 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 Insurance Underwriter Commercial Property?
High salary for Insurance Underwriter Commercial Property would be somewhere between 295,029 ILS and 388,902 ILS. However this is an estimation based on Gaussian Distribution.How much can you save working as Insurance Underwriter Commercial Property in Israel?
Living in Israel the approximate monthly expenses are: 2,186 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: 268,208 ILS
Estimated Monthly Salary: 22,351 ILS
Estimated Weekly Salary: 5,158 ILS per week
Estimated Hourly Salary: 129 ILS per hour
By working as Insurance Underwriter Commercial Property a person can save up to 3,418 USD per month or 41,019 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 Israel, see costs of living in Israel.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Lebanon, Syria, Jordan, Egypt. 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 Underwriter Commercial Property
Lebanon is 10,239 USD
Syria is 4,528 USD
Jordan is 11,712 USD
Egypt is 5,047 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 Israel
(2,288,508 ILS per year, pre-tax.)
2. Cardiologist
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4. Neurosurgeon
(1,783,011 ILS per year, pre-tax.)
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7. Urologist
(1,734,638 ILS per year, pre-tax.)
(1,730,943 ILS per year, pre-tax.)
9. Oncologist
(1,729,727 ILS per year, pre-tax.)
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Data as of 2025Random salary:
Teacher i (80,176 ILS per year, pre-tax.)
Job site supervisor (187,887 ILS per year, pre-tax.)
Entrepreneur (214,937 ILS per year, pre-tax.)
Associate attorney (law firm) (285,724 ILS per year, pre-tax.)
Inspector railroad (183,406 ILS per year, pre-tax.)
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