Insurance Underwriter salary in Lithuania

Average Yearly Salary of Insurance Underwriter in Lithuania is approximately 28,152 EUR (28,056 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

How much does Insurance Underwriter make?

Difference in salary year over year or average salary increase is approximately 4 %


Want to check how your salary compares? Submit your own salary here

Salary comparison to National average

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 30,967 EUR and 40,820 EUR. However this is an estimation based on Gaussian Distribution.

How much can you save working as Insurance Underwriter in Lithuania?

Living in Lithuania the approximate monthly expenses are: 948 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: 28,152 EUR
Estimated Monthly Salary: 2,346 EUR
Estimated Weekly Salary: 541 EUR per week
Estimated Hourly Salary: 14 EUR per hour
By working as Insurance Underwriter a person can save up to 1,390 USD per month or 16,685 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 Lithuania, see costs of living in Lithuania.

Salary comparison to region and neighbouring coutries

Country's neighbours are: Belarus, Latvia, Poland, Russia..
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

Last revision of data: 2025-01-04

Salary 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 increase

NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

Top 10 highest salaries in Lithuania

Data as of 2025

Random salary:
Sauce chef saucier (9,715 EUR per year, pre-tax.)
Physician doctor cardiologist (113,394 EUR per year, pre-tax.)
Real estate appraiser commercial (23,621 EUR per year, pre-tax.)
Grants evaluator (13,143 EUR per year, pre-tax.)
Visual effects artist (29,774 EUR per year, pre-tax.)

Feedback about these results