Home > Salary > Malaysia > Underwriter Associate
An underwriter associate is a professional who works in the insurance industry, specifically in the underwriting department. Their primary responsibility is to assess the risk associated with insurance applications and determine the appropriate coverage and premium rates. Underwriter associates review policy applications, analyze data, and evaluate risk factors such as medical history, financial status, and previous claims. They collaborate with underwriters to make informed decisions regarding acceptance or rejection of insurance applications. Additionally, they may assist in preparing reports, maintaining records, and providing customer service.
Estimated Yearly Salary: 73,990 MYR
Estimated Monthly Salary: 6,166 MYR
Estimated Weekly Salary: 1,423 MYR per week
Estimated Hourly Salary: 36 MYR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 5,975 MYR
Estimated Weekly Salary: 1,379 MYR per week
Estimated Hourly Salary: 34 MYR per hour
Last revision of data: 2024-01-02
Estimated Yearly Salary: 14,850 USD
Estimated Monthly Salary: 1,238 USD
Estimated Weekly Salary: 286 USD per week
Estimated Hourly Salary: 7 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: 73,990 MYR
Estimated Monthly Salary: 6,166 MYR
Estimated Weekly Salary: 1,423 MYR per week
Estimated Hourly Salary: 36 MYR per hour
By working as Underwriter Associate a person can save up to 526 USD per month or 6,316 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 Associate
Last revision of data: 2025-01-04
Data as of 2025
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Underwriter Associate salary in Malaysia
Average Yearly Salary of Underwriter Associate in Malaysia is approximately 73,990 MYR (14,850 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 Associate do?
An underwriter associate is a professional who works in the insurance industry, specifically in the underwriting department. Their primary responsibility is to assess the risk associated with insurance applications and determine the appropriate coverage and premium rates. Underwriter associates review policy applications, analyze data, and evaluate risk factors such as medical history, financial status, and previous claims. They collaborate with underwriters to make informed decisions regarding acceptance or rejection of insurance applications. Additionally, they may assist in preparing reports, maintaining records, and providing customer service.
Skills: underwriting, risk assessment, insurance industry, policy analysis, data analysis, customer service
Job industry: Insurance
Job industry: Insurance
How much does Underwriter Associate make?
Salary details
How much does Underwriter Associate make?Estimated Yearly Salary: 73,990 MYR
Estimated Monthly Salary: 6,166 MYR
Estimated Weekly Salary: 1,423 MYR per week
Estimated Hourly Salary: 36 MYR per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 71,705 MYREstimated Monthly Salary: 5,975 MYR
Estimated Weekly Salary: 1,379 MYR per week
Estimated Hourly Salary: 34 MYR per hour
Last revision of data: 2024-01-02Underwriter Associate estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 14,850 USD
Estimated Monthly Salary: 1,238 USD
Estimated Weekly Salary: 286 USD per week
Estimated Hourly Salary: 7 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 Associate job salary compared to average salary in Malaysia.
Comparison shows that a person working as Underwriter Associate in Malaysia earns on average:
0.95 times the average salary (or 95% 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 Associate job salary compared to average salary in Malaysia.
Comparison shows that a person working as Underwriter Associate in Malaysia earns on average:
0.95 times the average salary (or 95% of average salary).
Is Underwriter Associate a well paid job?
Yes, our data show that Underwriter Associate is an averagely well paid job that still allows for some yearly savings. With years and experience the salary might increase even further, resulting in higher satisfaction.What is considered a high salary for Underwriter Associate?
High salary for Underwriter Associate would be somewhere between 81,389 MYR and 107,286 MYR. However this is an estimation based on Gaussian Distribution.How much can you save working as Underwriter Associate 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: 73,990 MYR
Estimated Monthly Salary: 6,166 MYR
Estimated Weekly Salary: 1,423 MYR per week
Estimated Hourly Salary: 36 MYR per hour
By working as Underwriter Associate a person can save up to 526 USD per month or 6,316 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 Associate
Thailand is 6,016 USD
Indonesia is 8,847 USD
Singapore is 56,162 USD
Brunei is 26,288 USD
Vietnam is 3,345 USD
Philippines is 3,302 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.)
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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.)
(704,523 MYR per year, pre-tax.)
10. Dermatologist
(703,305 MYR per year, pre-tax.)
Data as of 2025Random salary:
Ship captain (166,670 MYR per year, pre-tax.)
Senior storage specialist (computer information technology) (132,771 MYR per year, pre-tax.)
Managed services manager (162,001 MYR per year, pre-tax.)
Sample cutter fabric (43,043 MYR per year, pre-tax.)
Telephone operator supervisor (61,986 MYR per year, pre-tax.)
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