Home > Salary > Israel > Underwriting Administrator
An underwriting administrator is responsible for supporting the underwriting department of an insurance company or financial institution. Their primary role involves reviewing and assessing insurance applications, collecting necessary documentation, and ensuring compliance with underwriting guidelines and regulations. They communicate with agents, brokers, and clients to gather additional information and clarify any discrepancies. Underwriting administrators also assist in analyzing risk factors, determining premium rates, and preparing policy documents. They may handle policy endorsements, renewals, cancellations, and claim-related tasks. Attention to detail, strong analytical skills, and knowledge of insurance policies and procedures are essential for this role. Additionally, underwriting administrators must possess excellent organizational and communication abilities to effectively manage multiple tasks and maintain positive relationships with stakeholders.
Estimated Yearly Salary: 254,822 ILS
Estimated Monthly Salary: 21,235 ILS
Estimated Weekly Salary: 4,900 ILS per week
Estimated Hourly Salary: 123 ILS per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 20,452 ILS
Estimated Weekly Salary: 4,720 ILS per week
Estimated Hourly Salary: 118 ILS per hour
Last revision of data: 2024-01-03
Estimated Yearly Salary: 63,606 USD
Estimated Monthly Salary: 5,301 USD
Estimated Weekly Salary: 1,223 USD per week
Estimated Hourly Salary: 31 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: 254,822 ILS
Estimated Monthly Salary: 21,235 ILS
Estimated Weekly Salary: 4,900 ILS per week
Estimated Hourly Salary: 123 ILS per hour
By working as Underwriting Administrator a person can save up to 3,115 USD per month or 37,374 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 Underwriting Administrator
Last revision of data: 2025-01-04
Data as of 2025
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Underwriting Administrator salary in Israel
Average Yearly Salary of Underwriting Administrator in Israel is approximately 254,822 ILS (63,606 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 Underwriting Administrator do?
An underwriting administrator is responsible for supporting the underwriting department of an insurance company or financial institution. Their primary role involves reviewing and assessing insurance applications, collecting necessary documentation, and ensuring compliance with underwriting guidelines and regulations. They communicate with agents, brokers, and clients to gather additional information and clarify any discrepancies. Underwriting administrators also assist in analyzing risk factors, determining premium rates, and preparing policy documents. They may handle policy endorsements, renewals, cancellations, and claim-related tasks. Attention to detail, strong analytical skills, and knowledge of insurance policies and procedures are essential for this role. Additionally, underwriting administrators must possess excellent organizational and communication abilities to effectively manage multiple tasks and maintain positive relationships with stakeholders.
Skills: underwriting administration, insurance industry, risk assessment, policy processing, compliance management, communication skills
Job industry: Insurance
Job industry: Insurance
How much does Underwriting Administrator make?
Salary details
How much does Underwriting Administrator make?Estimated Yearly Salary: 254,822 ILS
Estimated Monthly Salary: 21,235 ILS
Estimated Weekly Salary: 4,900 ILS per week
Estimated Hourly Salary: 123 ILS per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 245,424 ILSEstimated Monthly Salary: 20,452 ILS
Estimated Weekly Salary: 4,720 ILS per week
Estimated Hourly Salary: 118 ILS per hour
Last revision of data: 2024-01-03Underwriting Administrator estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 63,606 USD
Estimated Monthly Salary: 5,301 USD
Estimated Weekly Salary: 1,223 USD per week
Estimated Hourly Salary: 31 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
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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 Underwriting Administrator job salary compared to average salary in Israel.
Comparison shows that a person working as Underwriting Administrator in Israel earns on average:
1.32 times the average salary (or 132% of average salary).
Estimated national average yearly salary is 193,057 ILS (54,650 USD). Value indicated is pre-tax. Below graph shows estimated Underwriting Administrator job salary compared to average salary in Israel.
Comparison shows that a person working as Underwriting Administrator in Israel earns on average:
1.32 times the average salary (or 132% of average salary).
Is Underwriting Administrator a well paid job?
Yes, our data shows that Underwriting Administrator 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 Underwriting Administrator?
High salary for Underwriting Administrator would be somewhere between 280,304 ILS and 369,492 ILS. However this is an estimation based on Gaussian Distribution.How much can you save working as Underwriting Administrator 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: 254,822 ILS
Estimated Monthly Salary: 21,235 ILS
Estimated Weekly Salary: 4,900 ILS per week
Estimated Hourly Salary: 123 ILS per hour
By working as Underwriting Administrator a person can save up to 3,115 USD per month or 37,374 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 Underwriting Administrator
Lebanon is 9,618 USD
Syria is 4,280 USD
Jordan is 11,051 USD
Egypt is 4,768 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.)
(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:
Cat scan technician (196,918 ILS per year, pre-tax.)
Traffic manager (logistics) (221,804 ILS per year, pre-tax.)
Clinical engineer medical devices (262,557 ILS per year, pre-tax.)
Financial examiner (208,113 ILS per year, pre-tax.)
Production engineer semiconductors (314,228 ILS per year, pre-tax.)
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