Home > Salary > Monaco > Underwriting Administrator
An underwriting administrator is responsible for supporting the underwriting department of an insurance company or financial institution. Their primary role involves reviewing and assessing insurance applications, collecting necessary documentation, and ensuring compliance with underwriting guidelines and regulations. They communicate with agents, brokers, and clients to gather additional information and clarify any discrepancies. Underwriting administrators also assist in analyzing risk factors, determining premium rates, and preparing policy documents. They may handle policy endorsements, renewals, cancellations, and claim-related tasks. Attention to detail, strong analytical skills, and knowledge of insurance policies and procedures are essential for this role. Additionally, underwriting administrators must possess excellent organizational and communication abilities to effectively manage multiple tasks and maintain positive relationships with stakeholders.
Estimated Yearly Salary: 216,590 EUR
Estimated Monthly Salary: 18,049 EUR
Estimated Weekly Salary: 4,165 EUR per week
Estimated Hourly Salary: 104 EUR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 17,409 EUR
Estimated Weekly Salary: 4,018 EUR per week
Estimated Hourly Salary: 100 EUR per hour
Last revision of data: 2024-01-09
Estimated Yearly Salary: 215,517 USD
Estimated Monthly Salary: 17,960 USD
Estimated Weekly Salary: 4,145 USD per week
Estimated Hourly Salary: 104 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: 216,590 EUR
Estimated Monthly Salary: 18,049 EUR
Estimated Weekly Salary: 4,165 EUR per week
Estimated Hourly Salary: 104 EUR per hour
By working as Underwriting Administrator a person can save up to 10,517 USD per month or 126,199 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 Monaco, see costs of living in Monaco.
Estimated Yearly Salary for Underwriting Administrator
Last revision of data: 2025-01-04
Data as of 2025
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Underwriting Administrator salary in Monaco
Average Yearly Salary of Underwriting Administrator in Monaco is approximately 216,590 EUR (215,517 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 Administrator do?
An underwriting administrator is responsible for supporting the underwriting department of an insurance company or financial institution. Their primary role involves reviewing and assessing insurance applications, collecting necessary documentation, and ensuring compliance with underwriting guidelines and regulations. They communicate with agents, brokers, and clients to gather additional information and clarify any discrepancies. Underwriting administrators also assist in analyzing risk factors, determining premium rates, and preparing policy documents. They may handle policy endorsements, renewals, cancellations, and claim-related tasks. Attention to detail, strong analytical skills, and knowledge of insurance policies and procedures are essential for this role. Additionally, underwriting administrators must possess excellent organizational and communication abilities to effectively manage multiple tasks and maintain positive relationships with stakeholders.
Skills: underwriting administration, insurance industry, risk assessment, policy processing, compliance management, communication skills
Job industry: Insurance
Job industry: Insurance
How much does Underwriting Administrator make?
Salary details
How much does Underwriting Administrator make?Estimated Yearly Salary: 216,590 EUR
Estimated Monthly Salary: 18,049 EUR
Estimated Weekly Salary: 4,165 EUR per week
Estimated Hourly Salary: 104 EUR per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 208,912 EUREstimated Monthly Salary: 17,409 EUR
Estimated Weekly Salary: 4,018 EUR per week
Estimated Hourly Salary: 100 EUR per hour
Last revision of data: 2024-01-09Underwriting Administrator estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 215,517 USD
Estimated Monthly Salary: 17,960 USD
Estimated Weekly Salary: 4,145 USD per week
Estimated Hourly Salary: 104 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
Compare salary to other countries
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Country:
Salary comparison to National average
Monaco is a small sovereign city-state located on the French Riviera. With a population of approximately 38,000 people, it is the second smallest country in the world by population. Covering an area of just 2.02 square kilometers, Monaco is also one of the most densely populated countries globally.
Estimated national average yearly salary is 170,319 EUR (186,080 USD). Value indicated is pre-tax. Below graph shows estimated Underwriting Administrator job salary compared to average salary in Monaco.
Comparison shows that a person working as Underwriting Administrator in Monaco earns on average:
1.27 times the average salary (or 127% of average salary).
Estimated national average yearly salary is 170,319 EUR (186,080 USD). Value indicated is pre-tax. Below graph shows estimated Underwriting Administrator job salary compared to average salary in Monaco.
Comparison shows that a person working as Underwriting Administrator in Monaco earns on average:
1.27 times the average salary (or 127% of average salary).
Is Underwriting Administrator a well paid job?
Yes, our data shows that Underwriting Administrator 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 Administrator?
High salary for Underwriting Administrator would be somewhere between 238,249 EUR and 314,056 EUR. However this is an estimation based on Gaussian Distribution.How much can you save working as Underwriting Administrator in Monaco?
Living in Monaco the approximate monthly expenses are: 7,443 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: 216,590 EUR
Estimated Monthly Salary: 18,049 EUR
Estimated Weekly Salary: 4,165 EUR per week
Estimated Hourly Salary: 104 EUR per hour
By working as Underwriting Administrator a person can save up to 10,517 USD per month or 126,199 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 Monaco, see costs of living in Monaco.
Salary comparison to region and neighbouring coutries
Country's neighbours are: France, Italy. 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 Administrator
France is 53,141 USD
Italy is 43,898 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 Monaco
(1,948,030 EUR per year, pre-tax.)
2. Cardiologist
(1,613,197 EUR per year, pre-tax.)
(1,564,314 EUR per year, pre-tax.)
4. Neurosurgeon
(1,512,413 EUR per year, pre-tax.)
(1,512,144 EUR per year, pre-tax.)
(1,480,748 EUR per year, pre-tax.)
7. Urologist
(1,478,011 EUR per year, pre-tax.)
(1,476,615 EUR per year, pre-tax.)
9. Oncologist
(1,474,879 EUR per year, pre-tax.)
(1,470,635 EUR per year, pre-tax.)
Data as of 2025Random salary:
Evening anchor (253,815 EUR per year, pre-tax.)
Ciso (684,386 EUR per year, pre-tax.)
Retail department manager (82,772 EUR per year, pre-tax.)
Hardware design engineering director (459,861 EUR per year, pre-tax.)
Transplant recipient coordinator (82,772 EUR per year, pre-tax.)
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