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Underwriting Team Lead salary in Monaco

Average Yearly Salary of Underwriting Team Lead in Monaco is approximately 321,989 EUR (322,339 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 Team Lead do?

occupation personasAn underwriting team lead is responsible for overseeing and managing a team of underwriters in an insurance company or financial institution. They play a crucial role in the underwriting process by assessing risks, evaluating applications, and determining appropriate coverage and premiums. The team lead ensures that underwriters adhere to company policies and guidelines, provides guidance and support to team members, and resolves complex underwriting issues. They also collaborate with other departments such as sales, claims, and compliance to ensure smooth operations and customer satisfaction. Strong analytical skills, attention to detail, and excellent decision-making abilities are essential for this role. Effective communication and leadership skills are also necessary to motivate and guide the team towards achieving organizational goals.

Skills: Underwriting, Team Lead, Risk Assessment, Insurance, Financial Institution, Leadership
Job industry: Insurance


How much does Underwriting Team Lead make?

Salary details
How much does Underwriting Team Lead make?
Estimated Yearly Salary: 321,989 EUR
Estimated Monthly Salary: 26,832 EUR
Estimated Weekly Salary: 6,192 EUR per week
Estimated Hourly Salary: 155 EUR per hour
Values are pre-tax
Last revision of data: 2025-01-04

Comparing salary to last year:
Estimated Yearly Salary: 310,326 EUR
Estimated Monthly Salary: 25,861 EUR
Estimated Weekly Salary: 5,968 EUR per week
Estimated Hourly Salary: 149 EUR per hour
Last revision of data: 2024-01-05



Underwriting Team Lead estimated salary in USD
For easier comparison here is an estimated salary in USD:
Estimated Yearly Salary: 322,339 USD
Estimated Monthly Salary: 26,862 USD
Estimated Weekly Salary: 6,199 USD per week
Estimated Hourly Salary: 155 USD per hour


Difference in salary year over year or average salary increase is approximately up arrow 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.

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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 Team Lead job salary compared to average salary in Monaco.
Comparison shows that a person working as Underwriting Team Lead in Monaco earns on average:
1.89 times the average salary (or 189% of average salary).

Is Underwriting Team Lead a well paid job?

Yes, our data shows that Underwriting Team Lead 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 Team Lead?

High salary for Underwriting Team Lead would be somewhere between 354,188 EUR and 466,884 EUR. However this is an estimation based on Gaussian Distribution.

How much can you save working as Underwriting Team Lead 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: 321,989 EUR
Estimated Monthly Salary: 26,832 EUR
Estimated Weekly Salary: 6,192 EUR per week
Estimated Hourly Salary: 155 EUR per hour
By working as Underwriting Team Lead a person can save up to 19,418 USD per month or 233,021 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 Team Lead

France is 79,287 USDdown arrow 75%
Details on Underwriting Team Lead salary in France
Italy is 65,188 USDdown arrow 80%
Details on Underwriting Team Lead salary in Italy
Last revision of data: 2025-01-04

Salary 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 up arrow+12% salary increase
    6 to 10 years of experience yields up arrow+25% salary increase
    11 to 15 years of experience yields up arrow+16% salary increase
    16 to 25 years of experience yields up arrow+9% salary increase
    more than 25 years of experience yields up arrow+10% salary increase
NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

Top 10 highest salaries in Monaco

(1,948,030 EUR per year, pre-tax.)
(1,613,197 EUR per year, pre-tax.)
(1,564,314 EUR per year, pre-tax.)
(1,512,413 EUR per year, pre-tax.)
(1,512,144 EUR per year, pre-tax.)
(1,480,748 EUR per year, pre-tax.)
(1,478,011 EUR per year, pre-tax.)
(1,476,615 EUR per year, pre-tax.)
(1,474,879 EUR per year, pre-tax.)
(1,470,635 EUR per year, pre-tax.)

Data as of 2025

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Salary data displayed on this site is for reference exclusively.
The salary data presented here are intended for reference purposes only. While we attempt to ensure accuracy, we do not guarantee all figures is precise. Users should to confirm salary details with official authorities before making important career choices. Salary amounts can fluctuate due to negotiation, industry trends, and location. We disclaim responsibility for errors in the salary data displayed.
The salary data on this site is intended for reference purposes exclusively. We offer salary insights based on multiple datasets, but cannot guarantee complete accuracy. Users should consistently cross-check salary details with other reliable sources before making career-related decisions. Fluctuations in salary amounts may occur due to various factors, including company policies, market demand, and individual skills. We do not extend any guarantee regarding the completeness of the provided salary data. Use of this website implies acceptance of these terms.