Home > Salary > Latvia > 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: 25,059 EUR
Estimated Monthly Salary: 2,088 EUR
Estimated Weekly Salary: 482 EUR per week
Estimated Hourly Salary: 12 EUR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 2,012 EUR
Estimated Weekly Salary: 464 EUR per week
Estimated Hourly Salary: 12 EUR per hour
Last revision of data: 2024-01-03
Estimated Yearly Salary: 24,984 USD
Estimated Monthly Salary: 2,082 USD
Estimated Weekly Salary: 480 USD per week
Estimated Hourly Salary: 12 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: 25,059 EUR
Estimated Monthly Salary: 2,088 EUR
Estimated Weekly Salary: 482 EUR per week
Estimated Hourly Salary: 12 EUR per hour
By working as Underwriting Administrator a person can save up to 1,222 USD per month or 14,664 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 Latvia, see costs of living in Latvia.
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 Latvia
Average Yearly Salary of Underwriting Administrator in Latvia is approximately 25,059 EUR (24,984 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: 25,059 EUR
Estimated Monthly Salary: 2,088 EUR
Estimated Weekly Salary: 482 EUR per week
Estimated Hourly Salary: 12 EUR per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 24,138 EUREstimated Monthly Salary: 2,012 EUR
Estimated Weekly Salary: 464 EUR per week
Estimated Hourly Salary: 12 EUR 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: 24,984 USD
Estimated Monthly Salary: 2,082 USD
Estimated Weekly Salary: 480 USD per week
Estimated Hourly Salary: 12 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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Country:
Salary comparison to National average
Latvia is a country located in Northern Europe, bordered by Estonia to the north, Lithuania to the south, Russia to the east, and Belarus to the southeast. It has a population of approximately 1.9 million people and covers an area of about 64,589 square kilometers.
Estimated national average yearly salary is 19,565 EUR (21,500 USD). Value indicated is pre-tax. Below graph shows estimated Underwriting Administrator job salary compared to average salary in Latvia.
Comparison shows that a person working as Underwriting Administrator in Latvia earns on average:
1.28 times the average salary (or 128% of average salary).
Estimated national average yearly salary is 19,565 EUR (21,500 USD). Value indicated is pre-tax. Below graph shows estimated Underwriting Administrator job salary compared to average salary in Latvia.
Comparison shows that a person working as Underwriting Administrator in Latvia earns on average:
1.28 times the average salary (or 128% 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 27,565 EUR and 36,336 EUR. However this is an estimation based on Gaussian Distribution.How much can you save working as Underwriting Administrator in Latvia?
Living in Latvia the approximate monthly expenses are: 860 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: 25,059 EUR
Estimated Monthly Salary: 2,088 EUR
Estimated Weekly Salary: 482 EUR per week
Estimated Hourly Salary: 12 EUR per hour
By working as Underwriting Administrator a person can save up to 1,222 USD per month or 14,664 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 Latvia, see costs of living in Latvia.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Estonia, Russia, Belarus, Lithuania.. 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
Estonia is 31,997 USD
Russia is 14,903 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 Latvia
(224,317 EUR per year, pre-tax.)
2. Cardiologist
(186,760 EUR per year, pre-tax.)
(179,947 EUR per year, pre-tax.)
4. Neurosurgeon
(174,646 EUR per year, pre-tax.)
(174,433 EUR per year, pre-tax.)
6. Urologist
(170,871 EUR per year, pre-tax.)
(170,733 EUR per year, pre-tax.)
(170,497 EUR per year, pre-tax.)
(169,948 EUR per year, pre-tax.)
(169,943 EUR per year, pre-tax.)
Data as of 2025Random salary:
Agricultural inspector (12,966 EUR per year, pre-tax.)
Senior mobile software engineer (32,674 EUR per year, pre-tax.)
Zone director (30,426 EUR per year, pre-tax.)
Real estate appraiser (18,671 EUR per year, pre-tax.)
Vice president branch manager banking (32,646 EUR per year, pre-tax.)
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