Home > Salary > Malaysia > Underwriter Trainee
An underwriter trainee is an entry-level professional who is trained in the field of insurance underwriting. Underwriters assess and evaluate insurance applications to determine the level of risk associated with insuring a person or property. As a trainee, one would work closely with experienced underwriters to learn about the industry's standards, policies, and procedures. They would analyze various factors such as financial statements, medical records, and other relevant documents to make informed decisions on insurability and coverage terms. Underwriter trainees also assist in reviewing policy renewals, making recommendations for adjustments, and providing support to clients and agents.
Estimated Yearly Salary: 94,317 MYR
Estimated Monthly Salary: 7,860 MYR
Estimated Weekly Salary: 1,814 MYR per week
Estimated Hourly Salary: 45 MYR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 7,590 MYR
Estimated Weekly Salary: 1,752 MYR per week
Estimated Hourly Salary: 44 MYR per hour
Last revision of data: 2024-01-03
Estimated Yearly Salary: 18,894 USD
Estimated Monthly Salary: 1,575 USD
Estimated Weekly Salary: 363 USD per week
Estimated Hourly Salary: 9 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: 94,317 MYR
Estimated Monthly Salary: 7,860 MYR
Estimated Weekly Salary: 1,814 MYR per week
Estimated Hourly Salary: 45 MYR per hour
By working as Underwriter Trainee a person can save up to 863 USD per month or 10,360 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 Trainee
Last revision of data: 2025-01-04
Data as of 2025
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Underwriter Trainee salary in Malaysia
Average Yearly Salary of Underwriter Trainee in Malaysia is approximately 94,317 MYR (18,894 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 Trainee do?
An underwriter trainee is an entry-level professional who is trained in the field of insurance underwriting. Underwriters assess and evaluate insurance applications to determine the level of risk associated with insuring a person or property. As a trainee, one would work closely with experienced underwriters to learn about the industry's standards, policies, and procedures. They would analyze various factors such as financial statements, medical records, and other relevant documents to make informed decisions on insurability and coverage terms. Underwriter trainees also assist in reviewing policy renewals, making recommendations for adjustments, and providing support to clients and agents.
Skills: underwriter trainee, insurance, risk assessment, policy analysis, financial evaluation, client support.
Job industry: Insurance
Job industry: Insurance
How much does Underwriter Trainee make?
Salary details
How much does Underwriter Trainee make?Estimated Yearly Salary: 94,317 MYR
Estimated Monthly Salary: 7,860 MYR
Estimated Weekly Salary: 1,814 MYR per week
Estimated Hourly Salary: 45 MYR per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 91,085 MYREstimated Monthly Salary: 7,590 MYR
Estimated Weekly Salary: 1,752 MYR per week
Estimated Hourly Salary: 44 MYR per hour
Last revision of data: 2024-01-03Underwriter Trainee estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 18,894 USD
Estimated Monthly Salary: 1,575 USD
Estimated Weekly Salary: 363 USD per week
Estimated Hourly Salary: 9 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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Country:
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 Trainee job salary compared to average salary in Malaysia.
Comparison shows that a person working as Underwriter Trainee in Malaysia earns on average:
1.21 times the average salary (or 121% 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 Trainee job salary compared to average salary in Malaysia.
Comparison shows that a person working as Underwriter Trainee in Malaysia earns on average:
1.21 times the average salary (or 121% of average salary).
Is Underwriter Trainee a well paid job?
No / we do not have enough data to assess this.What is considered a high salary for Underwriter Trainee?
High salary for Underwriter Trainee would be somewhere between 103,749 MYR and 136,760 MYR. However this is an estimation based on Gaussian Distribution.How much can you save working as Underwriter Trainee 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: 94,317 MYR
Estimated Monthly Salary: 7,860 MYR
Estimated Weekly Salary: 1,814 MYR per week
Estimated Hourly Salary: 45 MYR per hour
By working as Underwriter Trainee a person can save up to 863 USD per month or 10,360 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 Trainee
Thailand is 7,641 USD
Indonesia is 11,209 USD
Singapore is 71,347 USD
Brunei is 33,331 USD
Vietnam is 4,257 USD
Philippines is 4,178 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:
Ob technician (52,555 MYR per year, pre-tax.)
Journey man plumber (65,738 MYR per year, pre-tax.)
Vice president (vp), media services (248,065 MYR per year, pre-tax.)
Process technician (59,479 MYR per year, pre-tax.)
Hazard analysis critical control point (haccp), coordinator (43,043 MYR per year, pre-tax.)
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