Home > Salary > Latvia > Underwriting Team Lead
An underwriting team lead is responsible for overseeing and managing a team of underwriters in an insurance company or financial institution. They play a crucial role in the underwriting process by assessing risks, evaluating applications, and determining appropriate coverage and premiums. The team lead ensures that underwriters adhere to company policies and guidelines, provides guidance and support to team members, and resolves complex underwriting issues. They also collaborate with other departments such as sales, claims, and compliance to ensure smooth operations and customer satisfaction. Strong analytical skills, attention to detail, and excellent decision-making abilities are essential for this role. Effective communication and leadership skills are also necessary to motivate and guide the team towards achieving organizational goals.
Estimated Yearly Salary: 37,074 EUR
Estimated Monthly Salary: 3,090 EUR
Estimated Weekly Salary: 713 EUR per week
Estimated Hourly Salary: 18 EUR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 2,988 EUR
Estimated Weekly Salary: 690 EUR per week
Estimated Hourly Salary: 17 EUR per hour
Last revision of data: 2024-01-07
Estimated Yearly Salary: 37,192 USD
Estimated Monthly Salary: 3,099 USD
Estimated Weekly Salary: 715 USD per week
Estimated Hourly Salary: 18 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: 37,074 EUR
Estimated Monthly Salary: 3,090 EUR
Estimated Weekly Salary: 713 EUR per week
Estimated Hourly Salary: 18 EUR per hour
By working as Underwriting Team Lead a person can save up to 2,239 USD per month or 26,872 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 Team Lead
Last revision of data: 2025-01-04
Data as of 2025
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Underwriting Team Lead salary in Latvia
Average Yearly Salary of Underwriting Team Lead in Latvia is approximately 37,074 EUR (37,192 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 Team Lead do?
An underwriting team lead is responsible for overseeing and managing a team of underwriters in an insurance company or financial institution. They play a crucial role in the underwriting process by assessing risks, evaluating applications, and determining appropriate coverage and premiums. The team lead ensures that underwriters adhere to company policies and guidelines, provides guidance and support to team members, and resolves complex underwriting issues. They also collaborate with other departments such as sales, claims, and compliance to ensure smooth operations and customer satisfaction. Strong analytical skills, attention to detail, and excellent decision-making abilities are essential for this role. Effective communication and leadership skills are also necessary to motivate and guide the team towards achieving organizational goals.
Skills: Underwriting, Team Lead, Risk Assessment, Insurance, Financial Institution, Leadership
Job industry: Insurance
Job industry: Insurance
How much does Underwriting Team Lead make?
Salary details
How much does Underwriting Team Lead make?Estimated Yearly Salary: 37,074 EUR
Estimated Monthly Salary: 3,090 EUR
Estimated Weekly Salary: 713 EUR per week
Estimated Hourly Salary: 18 EUR per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 35,856 EUREstimated Monthly Salary: 2,988 EUR
Estimated Weekly Salary: 690 EUR per week
Estimated Hourly Salary: 17 EUR per hour
Last revision of data: 2024-01-07Underwriting Team Lead estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 37,192 USD
Estimated Monthly Salary: 3,099 USD
Estimated Weekly Salary: 715 USD per week
Estimated Hourly Salary: 18 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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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 Team Lead job salary compared to average salary in Latvia.
Comparison shows that a person working as Underwriting Team Lead in Latvia earns on average:
1.89 times the average salary (or 189% 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 Team Lead job salary compared to average salary in Latvia.
Comparison shows that a person working as Underwriting Team Lead in Latvia earns on average:
1.89 times the average salary (or 189% of average salary).
Is Underwriting Team Lead a well paid job?
Yes, our data shows that Underwriting Team Lead 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 Team Lead?
High salary for Underwriting Team Lead would be somewhere between 40,781 EUR and 53,757 EUR. However this is an estimation based on Gaussian Distribution.How much can you save working as Underwriting Team Lead 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: 37,074 EUR
Estimated Monthly Salary: 3,090 EUR
Estimated Weekly Salary: 713 EUR per week
Estimated Hourly Salary: 18 EUR per hour
By working as Underwriting Team Lead a person can save up to 2,239 USD per month or 26,872 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 Team Lead
Estonia is 47,775 USD
Russia is 22,099 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:
Commercial property manager (27,870 EUR per year, pre-tax.)
Warehouse operative (8,125 EUR per year, pre-tax.)
Aircraft paintshop manager (22,647 EUR per year, pre-tax.)
Senior budget analyst (26,021 EUR per year, pre-tax.)
Assistant loan processor (14,104 EUR per year, pre-tax.)
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