Home > Salary > Malaysia > Underwriter 2
An underwriter is a professional who assesses and evaluates risks associated with insurance policies or financial transactions. Underwriter 2 is a more experienced role within the field, typically responsible for reviewing and approving complex applications, negotiating terms and conditions, and ensuring compliance with company policies and regulations. They analyze data, such as financial statements and credit reports, to determine the level of risk involved in insuring an individual or organization. Underwriter 2s also collaborate with brokers and agents to gather additional information and provide guidance on suitable coverage options. Strong analytical skills, attention to detail, and the ability to make sound decisions are essential for this occupation. Effective communication and negotiation skills are also important when dealing with clients and stakeholders.
Estimated Yearly Salary: 95,981 MYR
Estimated Monthly Salary: 7,998 MYR
Estimated Weekly Salary: 1,846 MYR per week
Estimated Hourly Salary: 46 MYR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 7,752 MYR
Estimated Weekly Salary: 1,789 MYR per week
Estimated Hourly Salary: 45 MYR per hour
Last revision of data: 2024-01-07
Estimated Yearly Salary: 19,275 USD
Estimated Monthly Salary: 1,606 USD
Estimated Weekly Salary: 371 USD per week
Estimated Hourly Salary: 9 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: 95,981 MYR
Estimated Monthly Salary: 7,998 MYR
Estimated Weekly Salary: 1,846 MYR per week
Estimated Hourly Salary: 46 MYR per hour
By working as Underwriter 2 a person can save up to 895 USD per month or 10,741 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 Underwriter 2
Last revision of data: 2025-01-04
Data as of 2025
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Underwriter 2 salary in Malaysia
Average Yearly Salary of Underwriter 2 in Malaysia is approximately 95,981 MYR (19,275 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 Underwriter 2 do?
An underwriter is a professional who assesses and evaluates risks associated with insurance policies or financial transactions. Underwriter 2 is a more experienced role within the field, typically responsible for reviewing and approving complex applications, negotiating terms and conditions, and ensuring compliance with company policies and regulations. They analyze data, such as financial statements and credit reports, to determine the level of risk involved in insuring an individual or organization. Underwriter 2s also collaborate with brokers and agents to gather additional information and provide guidance on suitable coverage options. Strong analytical skills, attention to detail, and the ability to make sound decisions are essential for this occupation. Effective communication and negotiation skills are also important when dealing with clients and stakeholders.
Skills: underwriter, risk assessment, insurance policies, financial transactions, compliance, analytical skills
Job industry: Insurance
Job industry: Insurance
How much does Underwriter 2 make?
Salary details
How much does Underwriter 2 make?Estimated Yearly Salary: 95,981 MYR
Estimated Monthly Salary: 7,998 MYR
Estimated Weekly Salary: 1,846 MYR per week
Estimated Hourly Salary: 46 MYR per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 93,025 MYREstimated Monthly Salary: 7,752 MYR
Estimated Weekly Salary: 1,789 MYR per week
Estimated Hourly Salary: 45 MYR per hour
Last revision of data: 2024-01-07Underwriter 2 estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 19,275 USD
Estimated Monthly Salary: 1,606 USD
Estimated Weekly Salary: 371 USD per week
Estimated Hourly Salary: 9 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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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 Underwriter 2 job salary compared to average salary in Malaysia.
Comparison shows that a person working as Underwriter 2 in Malaysia earns on average:
1.23 times the average salary (or 123% of average salary).
Estimated national average yearly salary is 78,260 MYR (17,780 USD). Value indicated is pre-tax. Below graph shows estimated Underwriter 2 job salary compared to average salary in Malaysia.
Comparison shows that a person working as Underwriter 2 in Malaysia earns on average:
1.23 times the average salary (or 123% of average salary).
Is Underwriter 2 a well paid job?
Yes, our data shows that Underwriter 2 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 Underwriter 2?
High salary for Underwriter 2 would be somewhere between 105,579 MYR and 139,172 MYR. However this is an estimation based on Gaussian Distribution.How much can you save working as Underwriter 2 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: 95,981 MYR
Estimated Monthly Salary: 7,998 MYR
Estimated Weekly Salary: 1,846 MYR per week
Estimated Hourly Salary: 46 MYR per hour
By working as Underwriter 2 a person can save up to 895 USD per month or 10,741 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 Underwriter 2
Thailand is 7,859 USD
Indonesia is 11,438 USD
Singapore is 72,863 USD
Brunei is 34,132 USD
Vietnam is 4,350 USD
Philippines is 4,283 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
(770,656 MYR per year, pre-tax.)
(748,723 MYR per year, pre-tax.)
(724,417 MYR per year, pre-tax.)
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.)
(704,523 MYR per year, pre-tax.)
10. Dermatologist
(703,305 MYR per year, pre-tax.)
Data as of 2025Random salary:
Paraeducator (k-12) (53,295 MYR per year, pre-tax.)
Inside sales manager (87,653 MYR per year, pre-tax.)
Manager package design (182,494 MYR per year, pre-tax.)
News analyst reporter or correspondent (93,354 MYR per year, pre-tax.)
Veterinary neurologist (261,041 MYR per year, pre-tax.)
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All salary data on optisalary.com are for reference purposes only. We compile data from various trusted databases, yet do not guarantee complete accuracy. Before making financial choices, visitors should cross-check with external authoritative sources. Salaries change due to several factors, including economic conditions, job market trends, and geographic location. We deny any responsibility for errors in the salary information provided here. Your engagement with optisalary.com constitutes acceptance of this disclaimer.