Home > Salary > Israel > 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: 310,620 ILS
Estimated Monthly Salary: 25,885 ILS
Estimated Weekly Salary: 5,973 ILS per week
Estimated Hourly Salary: 149 ILS per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 25,019 ILS
Estimated Weekly Salary: 5,774 ILS per week
Estimated Hourly Salary: 144 ILS per hour
Last revision of data: 2024-01-05
Estimated Yearly Salary: 77,662 USD
Estimated Monthly Salary: 6,472 USD
Estimated Weekly Salary: 1,494 USD per week
Estimated Hourly Salary: 37 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: 310,620 ILS
Estimated Monthly Salary: 25,885 ILS
Estimated Weekly Salary: 5,973 ILS per week
Estimated Hourly Salary: 149 ILS per hour
By working as Underwriter Iii a person can save up to 4,286 USD per month or 51,430 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 Underwriter Iii
Last revision of data: 2025-01-04
Data as of 2025
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Underwriter Iii salary in Israel
Average Yearly Salary of Underwriter Iii in Israel is approximately 310,620 ILS (77,662 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: 310,620 ILS
Estimated Monthly Salary: 25,885 ILS
Estimated Weekly Salary: 5,973 ILS per week
Estimated Hourly Salary: 149 ILS per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 300,224 ILSEstimated Monthly Salary: 25,019 ILS
Estimated Weekly Salary: 5,774 ILS per week
Estimated Hourly Salary: 144 ILS per hour
Last revision of data: 2024-01-05Underwriter Iii estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 77,662 USD
Estimated Monthly Salary: 6,472 USD
Estimated Weekly Salary: 1,494 USD per week
Estimated Hourly Salary: 37 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
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 Underwriter Iii job salary compared to average salary in Israel.
Comparison shows that a person working as Underwriter Iii in Israel earns on average:
1.61 times the average salary (or 161% of average salary).
Estimated national average yearly salary is 193,057 ILS (54,650 USD). Value indicated is pre-tax. Below graph shows estimated Underwriter Iii job salary compared to average salary in Israel.
Comparison shows that a person working as Underwriter Iii in Israel earns on average:
1.61 times the average salary (or 161% 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 341,682 ILS and 450,399 ILS. However this is an estimation based on Gaussian Distribution.How much can you save working as Underwriter Iii 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: 310,620 ILS
Estimated Monthly Salary: 25,885 ILS
Estimated Weekly Salary: 5,973 ILS per week
Estimated Hourly Salary: 149 ILS per hour
By working as Underwriter Iii a person can save up to 4,286 USD per month or 51,430 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 Underwriter Iii
Lebanon is 11,835 USD
Syria is 5,224 USD
Jordan is 13,501 USD
Egypt is 5,835 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
(1,903,781 ILS per year, pre-tax.)
(1,831,869 ILS per year, pre-tax.)
4. Neurosurgeon
(1,783,011 ILS per year, pre-tax.)
(1,778,623 ILS per year, pre-tax.)
(1,740,307 ILS per year, pre-tax.)
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.)
(1,729,273 ILS per year, pre-tax.)
Data as of 2025Random salary:
Kitchen director (87,000 ILS per year, pre-tax.)
Office generalist (98,939 ILS per year, pre-tax.)
Certified surgical technologist (cst) (196,958 ILS per year, pre-tax.)
Pipefitter helper (135,693 ILS per year, pre-tax.)
Physician doctor ophthalmologist (1,078,971 ILS per year, pre-tax.)
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