Home > Salary > Malaysia > 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: 105,586 MYR
Estimated Monthly Salary: 8,799 MYR
Estimated Weekly Salary: 2,031 MYR per week
Estimated Hourly Salary: 51 MYR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 8,479 MYR
Estimated Weekly Salary: 1,957 MYR per week
Estimated Hourly Salary: 49 MYR per hour
Last revision of data: 2024-01-08
Estimated Yearly Salary: 21,069 USD
Estimated Monthly Salary: 1,756 USD
Estimated Weekly Salary: 405 USD per week
Estimated Hourly Salary: 10 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: 105,586 MYR
Estimated Monthly Salary: 8,799 MYR
Estimated Weekly Salary: 2,031 MYR per week
Estimated Hourly Salary: 51 MYR per hour
By working as Insurance Underwriter a person can save up to 1,045 USD per month or 12,535 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 Malaysia, see costs of living in Malaysia.
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 Malaysia
Average Yearly Salary of Insurance Underwriter in Malaysia is approximately 105,586 MYR (21,069 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: 105,586 MYR
Estimated Monthly Salary: 8,799 MYR
Estimated Weekly Salary: 2,031 MYR per week
Estimated Hourly Salary: 51 MYR per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 101,745 MYREstimated Monthly Salary: 8,479 MYR
Estimated Weekly Salary: 1,957 MYR per week
Estimated Hourly Salary: 49 MYR per hour
Last revision of data: 2024-01-08Insurance Underwriter estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 21,069 USD
Estimated Monthly Salary: 1,756 USD
Estimated Weekly Salary: 405 USD per week
Estimated Hourly Salary: 10 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
Compare salary to other countries
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Salary comparison to National average
Malaysia is a Southeast Asian country located on the Malay Peninsula and the island of Borneo. It has a diverse population consisting of various ethnic groups, including Malays, Chinese, Indians, and indigenous tribes. Malaysia has an estimated population of around 32 million people. The country covers an area of approximately 330,803 square kilometers, making it the 66th largest country in the world.
Estimated national average yearly salary is 78,260 MYR (17,780 USD). Value indicated is pre-tax. Below graph shows estimated Insurance Underwriter job salary compared to average salary in Malaysia.
Comparison shows that a person working as Insurance Underwriter in Malaysia earns on average:
1.35 times the average salary (or 135% of average salary).
Estimated national average yearly salary is 78,260 MYR (17,780 USD). Value indicated is pre-tax. Below graph shows estimated Insurance Underwriter job salary compared to average salary in Malaysia.
Comparison shows that a person working as Insurance Underwriter in Malaysia earns on average:
1.35 times the average salary (or 135% 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 116,145 MYR and 153,100 MYR. However this is an estimation based on Gaussian Distribution.How much can you save working as Insurance Underwriter in Malaysia?
Living in Malaysia the approximate monthly expenses are: 711 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: 105,586 MYR
Estimated Monthly Salary: 8,799 MYR
Estimated Weekly Salary: 2,031 MYR per week
Estimated Hourly Salary: 51 MYR per hour
By working as Insurance Underwriter a person can save up to 1,045 USD per month or 12,535 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 Malaysia, see costs of living in Malaysia.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Thailand, Indonesia, Singapore, Brunei, Vietnam, Philippines. 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
Thailand is 8,587 USD
Indonesia is 12,574 USD
Singapore is 79,298 USD
Brunei is 37,311 USD
Vietnam is 4,751 USD
Philippines is 4,661 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 Malaysia
(927,752 MYR per year, pre-tax.)
2. Cardiologist
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5. Neurosurgeon
(722,312 MYR per year, pre-tax.)
6. Urologist
(706,560 MYR per year, pre-tax.)
(706,212 MYR per year, pre-tax.)
(704,735 MYR per year, pre-tax.)
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10. Dermatologist
(703,305 MYR per year, pre-tax.)
Data as of 2025Random salary:
Meter tester (109,728 MYR per year, pre-tax.)
Fire lieutenant (89,216 MYR per year, pre-tax.)
Warehouse inventory supervisor (92,055 MYR per year, pre-tax.)
911 police dispatcher (45,640 MYR per year, pre-tax.)
Ccnp engineer (147,600 MYR per year, pre-tax.)
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