Home > Salary > Lebanon > Insurance Underwriter
An insurance underwriter is responsible for assessing and evaluating insurance applications to determine the level of risk involved and the appropriate premium to be charged. They analyze various factors such as the applicant's health, age, occupation, and lifestyle to calculate the likelihood of a claim being made. Underwriters use statistical models and actuarial data to make informed decisions and ensure that the insurance company remains profitable. They also review policy renewals, negotiate terms with brokers, and provide guidance on risk management strategies.
Estimated Yearly Salary: 160,506,676 LBP
Estimated Monthly Salary: 13,375,556 LBP
Estimated Weekly Salary: 3,086,667 LBP per week
Estimated Hourly Salary: 77,167 LBP per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 12,942,388 LBP
Estimated Weekly Salary: 2,986,705 LBP per week
Estimated Hourly Salary: 74,668 LBP per hour
Last revision of data: 2024-01-02
Estimated Yearly Salary: 9,840 USD
Estimated Monthly Salary: 820 USD
Estimated Weekly Salary: 189 USD per week
Estimated Hourly Salary: 5 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: 160,506,676 LBP
Estimated Monthly Salary: 13,375,556 LBP
Estimated Weekly Salary: 3,086,667 LBP per week
Estimated Hourly Salary: 77,167 LBP per hour
By working as Insurance Underwriter a person can save up to 488 USD per month or 5,856 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 Lebanon, see costs of living in Lebanon.
Estimated Yearly Salary for Insurance Underwriter
Last revision of data: 2025-01-04
Data as of 2025
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Insurance Underwriter salary in Lebanon
Average Yearly Salary of Insurance Underwriter in Lebanon is approximately 160,506,676 LBP (9,840 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 do?
An insurance underwriter is responsible for assessing and evaluating insurance applications to determine the level of risk involved and the appropriate premium to be charged. They analyze various factors such as the applicant's health, age, occupation, and lifestyle to calculate the likelihood of a claim being made. Underwriters use statistical models and actuarial data to make informed decisions and ensure that the insurance company remains profitable. They also review policy renewals, negotiate terms with brokers, and provide guidance on risk management strategies.
Skills: Insurance underwriter, Risk assessment, Premium calculation, Actuarial analysis, Policy renewal, Risk management.
Job industry: Insurance
Job industry: Insurance
How much does Insurance Underwriter make?
Salary details
How much does Insurance Underwriter make?Estimated Yearly Salary: 160,506,676 LBP
Estimated Monthly Salary: 13,375,556 LBP
Estimated Weekly Salary: 3,086,667 LBP per week
Estimated Hourly Salary: 77,167 LBP per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 155,308,650 LBPEstimated Monthly Salary: 12,942,388 LBP
Estimated Weekly Salary: 2,986,705 LBP per week
Estimated Hourly Salary: 74,668 LBP per hour
Last revision of data: 2024-01-02Insurance Underwriter estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 9,840 USD
Estimated Monthly Salary: 820 USD
Estimated Weekly Salary: 189 USD per week
Estimated Hourly Salary: 5 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
Lebanon is a small country located in the Middle East on the eastern shore of the Mediterranean Sea. It has a diverse population of approximately 6 million people. The country covers an area of around 10,452 square kilometers, making it one of the smallest countries in the region.
Estimated national average yearly salary is 124,500,000 LBP (8,300 USD). Value indicated is pre-tax. Below graph shows estimated Insurance Underwriter job salary compared to average salary in Lebanon.
Comparison shows that a person working as Insurance Underwriter in Lebanon earns on average:
1.29 times the average salary (or 129% of average salary).
Estimated national average yearly salary is 124,500,000 LBP (8,300 USD). Value indicated is pre-tax. Below graph shows estimated Insurance Underwriter job salary compared to average salary in Lebanon.
Comparison shows that a person working as Insurance Underwriter in Lebanon earns on average:
1.29 times the average salary (or 129% of average salary).
Is Insurance Underwriter a well paid job?
Yes, our data shows that Insurance Underwriter 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?
High salary for Insurance Underwriter would be somewhere between 176,557,344 LBP and 232,734,680 LBP. However this is an estimation based on Gaussian Distribution.How much can you save working as Insurance Underwriter in Lebanon?
Living in Lebanon the approximate monthly expenses are: 332 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: 160,506,676 LBP
Estimated Monthly Salary: 13,375,556 LBP
Estimated Weekly Salary: 3,086,667 LBP per week
Estimated Hourly Salary: 77,167 LBP per hour
By working as Insurance Underwriter a person can save up to 488 USD per month or 5,856 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 Lebanon, see costs of living in Lebanon.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Syria, Israel, Cyprus, Jordan. 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
Syria is 4,332 USD
Israel is 64,781 USD
Jordan is 11,284 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 Lebanon
(1,417,299,855 LBP per year, pre-tax.)
2. Cardiologist
(1,175,197,006 LBP per year, pre-tax.)
(1,136,102,693 LBP per year, pre-tax.)
4. Neurosurgeon
(1,108,071,776 LBP per year, pre-tax.)
(1,103,346,164 LBP per year, pre-tax.)
6. Urologist
(1,079,234,675 LBP per year, pre-tax.)
(1,078,809,332 LBP per year, pre-tax.)
(1,078,388,733 LBP per year, pre-tax.)
(1,074,144,669 LBP per year, pre-tax.)
(1,072,787,021 LBP per year, pre-tax.)
Data as of 2025Random salary:
Senior certified occupational therapy assistant (161,227,350 LBP per year, pre-tax.)
Traffic manager (logistics) (99,007,380 LBP per year, pre-tax.)
Custodial manager (95,707,134 LBP per year, pre-tax.)
Access services representative (88,884,533 LBP per year, pre-tax.)
National training manager (198,211,050 LBP per year, pre-tax.)
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