Home > Salary > Malaysia > Underwriting Consultant
An underwriting consultant is a professional who assesses and evaluates insurance applications to determine the level of risk involved in providing coverage. They work closely with insurance brokers and clients to gather relevant information, analyze data, and make informed decisions regarding policy approval, pricing, and terms. Underwriting consultants utilize their expertise in insurance regulations and industry standards to ensure compliance and mitigate potential risks for the insurance company. They also play a crucial role in negotiating terms and conditions with clients and may provide guidance on risk management strategies. Strong analytical skills, attention to detail, and excellent communication abilities are essential for success in this occupation.
Estimated Yearly Salary: 133,310 MYR
Estimated Monthly Salary: 11,109 MYR
Estimated Weekly Salary: 2,564 MYR per week
Estimated Hourly Salary: 64 MYR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 10,740 MYR
Estimated Weekly Salary: 2,478 MYR per week
Estimated Hourly Salary: 62 MYR per hour
Last revision of data: 2024-01-07
Estimated Yearly Salary: 26,590 USD
Estimated Monthly Salary: 2,216 USD
Estimated Weekly Salary: 511 USD per week
Estimated Hourly Salary: 13 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: 133,310 MYR
Estimated Monthly Salary: 11,109 MYR
Estimated Weekly Salary: 2,564 MYR per week
Estimated Hourly Salary: 64 MYR per hour
By working as Underwriting Consultant a person can save up to 1,505 USD per month or 18,056 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 Underwriting Consultant
Last revision of data: 2025-01-04
Data as of 2025
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Underwriting Consultant salary in Malaysia
Average Yearly Salary of Underwriting Consultant in Malaysia is approximately 133,310 MYR (26,590 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 Underwriting Consultant do?
An underwriting consultant is a professional who assesses and evaluates insurance applications to determine the level of risk involved in providing coverage. They work closely with insurance brokers and clients to gather relevant information, analyze data, and make informed decisions regarding policy approval, pricing, and terms. Underwriting consultants utilize their expertise in insurance regulations and industry standards to ensure compliance and mitigate potential risks for the insurance company. They also play a crucial role in negotiating terms and conditions with clients and may provide guidance on risk management strategies. Strong analytical skills, attention to detail, and excellent communication abilities are essential for success in this occupation.
Skills: underwriting consultant, insurance analysis, risk assessment, policy approval, risk management, insurance regulations
Job industry: Insurance
Job industry: Insurance
How much does Underwriting Consultant make?
Salary details
How much does Underwriting Consultant make?Estimated Yearly Salary: 133,310 MYR
Estimated Monthly Salary: 11,109 MYR
Estimated Weekly Salary: 2,564 MYR per week
Estimated Hourly Salary: 64 MYR per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 128,880 MYREstimated Monthly Salary: 10,740 MYR
Estimated Weekly Salary: 2,478 MYR per week
Estimated Hourly Salary: 62 MYR per hour
Last revision of data: 2024-01-07Underwriting Consultant estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 26,590 USD
Estimated Monthly Salary: 2,216 USD
Estimated Weekly Salary: 511 USD per week
Estimated Hourly Salary: 13 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 Underwriting Consultant job salary compared to average salary in Malaysia.
Comparison shows that a person working as Underwriting Consultant in Malaysia earns on average:
1.7 times the average salary (or 170% of average salary).
Estimated national average yearly salary is 78,260 MYR (17,780 USD). Value indicated is pre-tax. Below graph shows estimated Underwriting Consultant job salary compared to average salary in Malaysia.
Comparison shows that a person working as Underwriting Consultant in Malaysia earns on average:
1.7 times the average salary (or 170% of average salary).
Is Underwriting Consultant a well paid job?
Yes, our data shows that Underwriting Consultant 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 Underwriting Consultant?
High salary for Underwriting Consultant would be somewhere between 146,641 MYR and 193,300 MYR. However this is an estimation based on Gaussian Distribution.How much can you save working as Underwriting Consultant 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: 133,310 MYR
Estimated Monthly Salary: 11,109 MYR
Estimated Weekly Salary: 2,564 MYR per week
Estimated Hourly Salary: 64 MYR per hour
By working as Underwriting Consultant a person can save up to 1,505 USD per month or 18,056 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 Underwriting Consultant
Thailand is 10,863 USD
Indonesia is 15,904 USD
Singapore is 100,645 USD
Brunei is 47,109 USD
Vietnam is 6,026 USD
Philippines is 5,915 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.)
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10. Dermatologist
(703,305 MYR per year, pre-tax.)
Data as of 2025Random salary:
Grader (40,106 MYR per year, pre-tax.)
It desktop technician (38,033 MYR per year, pre-tax.)
Product analyst (118,220 MYR per year, pre-tax.)
Retail store director (138,402 MYR per year, pre-tax.)
Supply chain coordinator (72,001 MYR per year, pre-tax.)
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