Home > Salary > Malaysia > Underwriter Ii
An Underwriter II is a professional responsible for evaluating and assessing the risk associated with insurance applications. They review and analyze complex insurance policies, applications, and claims to determine the appropriate coverage and premium rates. Underwriter IIs also assess the financial status, credit history, and other relevant factors of the applicants to make informed decisions on whether to accept or reject insurance applications. They work closely with insurance agents and brokers to gather necessary information and ensure compliance with underwriting guidelines and regulations. Additionally, they may negotiate terms and conditions with clients and provide recommendations for risk mitigation strategies. Strong analytical skills, attention to detail, and knowledge of insurance policies and regulations are essential for this role.
Estimated Yearly Salary: 84,431 MYR
Estimated Monthly Salary: 7,036 MYR
Estimated Weekly Salary: 1,624 MYR per week
Estimated Hourly Salary: 41 MYR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 6,783 MYR
Estimated Weekly Salary: 1,565 MYR per week
Estimated Hourly Salary: 39 MYR per hour
Last revision of data: 2024-01-02
Estimated Yearly Salary: 16,816 USD
Estimated Monthly Salary: 1,401 USD
Estimated Weekly Salary: 323 USD per week
Estimated Hourly Salary: 8 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: 84,431 MYR
Estimated Monthly Salary: 7,036 MYR
Estimated Weekly Salary: 1,624 MYR per week
Estimated Hourly Salary: 41 MYR per hour
By working as Underwriter Ii a person can save up to 690 USD per month or 8,282 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 Ii
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
Linen room attendant (30,426 MYR per year, pre-tax.)
Insurance underwriter casualty (120,155 MYR per year, pre-tax.)
District service manager (133,394 MYR per year, pre-tax.)
Elderly activities assistant (40,270 MYR per year, pre-tax.)
General clerk i (42,635 MYR per year, pre-tax.)
Underwriter Ii salary in Malaysia
Average Yearly Salary of Underwriter Ii in Malaysia is approximately 84,431 MYR (16,816 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 Ii do?
An Underwriter II is a professional responsible for evaluating and assessing the risk associated with insurance applications. They review and analyze complex insurance policies, applications, and claims to determine the appropriate coverage and premium rates. Underwriter IIs also assess the financial status, credit history, and other relevant factors of the applicants to make informed decisions on whether to accept or reject insurance applications. They work closely with insurance agents and brokers to gather necessary information and ensure compliance with underwriting guidelines and regulations. Additionally, they may negotiate terms and conditions with clients and provide recommendations for risk mitigation strategies. Strong analytical skills, attention to detail, and knowledge of insurance policies and regulations are essential for this role.
Skills: Underwriter II, Insurance Underwriting, Risk Assessment, Financial Analysis, Policy Evaluation, Compliance Management
Job industry: Insurance
Job industry: Insurance
How much does Underwriter Ii make?
Salary details
How much does Underwriter Ii make?Estimated Yearly Salary: 84,431 MYR
Estimated Monthly Salary: 7,036 MYR
Estimated Weekly Salary: 1,624 MYR per week
Estimated Hourly Salary: 41 MYR per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 81,395 MYREstimated Monthly Salary: 6,783 MYR
Estimated Weekly Salary: 1,565 MYR per week
Estimated Hourly Salary: 39 MYR per hour
Last revision of data: 2024-01-02Underwriter Ii estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 16,816 USD
Estimated Monthly Salary: 1,401 USD
Estimated Weekly Salary: 323 USD per week
Estimated Hourly Salary: 8 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
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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 Ii job salary compared to average salary in Malaysia.
Comparison shows that a person working as Underwriter Ii in Malaysia earns on average:
1.08 times the average salary (or 108% 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 Ii job salary compared to average salary in Malaysia.
Comparison shows that a person working as Underwriter Ii in Malaysia earns on average:
1.08 times the average salary (or 108% of average salary).
Is Underwriter Ii a well paid job?
Yes, our data show that Underwriter Ii 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 Ii?
High salary for Underwriter Ii would be somewhere between 92,874 MYR and 122,425 MYR. However this is an estimation based on Gaussian Distribution.How much can you save working as Underwriter Ii 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: 84,431 MYR
Estimated Monthly Salary: 7,036 MYR
Estimated Weekly Salary: 1,624 MYR per week
Estimated Hourly Salary: 41 MYR per hour
By working as Underwriter Ii a person can save up to 690 USD per month or 8,282 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 Ii
Thailand is 6,842 USD
Indonesia is 10,032 USD
Singapore is 63,544 USD
Brunei is 29,860 USD
Vietnam is 3,789 USD
Philippines is 3,750 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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(770,656 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.)
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10. Dermatologist
(703,305 MYR per year, pre-tax.)
Data as of 2025Random salary:
Linen room attendant (30,426 MYR per year, pre-tax.)
Insurance underwriter casualty (120,155 MYR per year, pre-tax.)
District service manager (133,394 MYR per year, pre-tax.)
Elderly activities assistant (40,270 MYR per year, pre-tax.)
General clerk i (42,635 MYR per year, pre-tax.)
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