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Underwriter Iii salary in Myanmar

Average Yearly Salary of Underwriter Iii in Myanmar is approximately 11,440,534 MMK (4,999 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 Iii do?

occupation personasThe occupation of an Underwriter III involves assessing and evaluating insurance applications to determine the risk level and appropriate coverage for clients. Underwriters III typically work with complex and high-value policies, such as commercial or specialty insurance. They review various factors, including financial statements, industry trends, and claims history, to make informed decisions on policy approvals, terms, and pricing. Underwriter III also collaborate with brokers, agents, and other professionals to gather necessary information and provide recommendations on risk management strategies. They may negotiate terms and conditions with clients and ensure compliance with underwriting guidelines and regulations. Strong analytical skills, attention to detail, and knowledge of insurance products and industry trends are essential for this role.

Skills: Underwriter III, Insurance, Risk assessment, Policy evaluation, Analytical skills, Compliance, Specialty insurance.
Job industry: Insurance


How much does Underwriter Iii make?

Salary details
How much does Underwriter Iii make?
Estimated Yearly Salary: 11,440,534 MMK
Estimated Monthly Salary: 953,378 MMK
Estimated Weekly Salary: 220,010 MMK per week
Estimated Hourly Salary: 5,500 MMK per hour
Values are pre-tax
Last revision of data: 2025-01-04

Comparing salary to last year:
Estimated Yearly Salary: 11,025,627 MMK
Estimated Monthly Salary: 918,802 MMK
Estimated Weekly Salary: 212,031 MMK per week
Estimated Hourly Salary: 5,301 MMK per hour
Last revision of data: 2024-01-08



Underwriter Iii estimated salary in USD
For easier comparison here is an estimated salary in USD:
Estimated Yearly Salary: 4,999 USD
Estimated Monthly Salary: 417 USD
Estimated Weekly Salary: 96 USD per week
Estimated Hourly Salary: 2 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

Myanmar, also known as Burma, is a country located in Southeast Asia. With a population of approximately 54 million people, it is the 26th most populous country in the world. The nation covers an area of around 676,578 square kilometers, making it the 40th largest country in terms of land area.

Estimated national average yearly salary is 7,363,980 MMK (3,510 USD). Value indicated is pre-tax. Below graph shows estimated Underwriter Iii job salary compared to average salary in Myanmar.
Comparison shows that a person working as Underwriter Iii in Myanmar earns on average:
1.55 times the average salary (or 155% of average salary).

Is Underwriter Iii a well paid job?

Yes, our data shows that Underwriter Iii 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 Underwriter Iii?

High salary for Underwriter Iii would be somewhere between 12,584,587 MMK and 16,588,774 MMK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Underwriter Iii in Myanmar?

Living in Myanmar the approximate monthly expenses are: 140 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: 11,440,534 MMK
Estimated Monthly Salary: 953,378 MMK
Estimated Weekly Salary: 220,010 MMK per week
Estimated Hourly Salary: 5,500 MMK per hour
By working as Underwriter Iii a person can save up to 276 USD per month or 3,314 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 Myanmar, see costs of living in Myanmar.

Salary comparison to region and neighbouring coutries

Country's neighbours are: India, Bangladesh, China, Laos, Thailand.
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 Iii

India is 31,712 USDup arrow 534%
Details on Underwriter Iii salary in India
Bangladesh is 4,001 USDdown arrow 20%
Details on Underwriter Iii salary in Bangladesh
China is 18,209 USDup arrow 264%
Details on Underwriter Iii salary in China
Thailand is 10,312 USDup arrow 106%
Details on Underwriter Iii salary in Thailand
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 Myanmar

(83,862,518 MMK per year, pre-tax.)
(69,987,991 MMK per year, pre-tax.)
(67,281,160 MMK per year, pre-tax.)
(65,258,796 MMK per year, pre-tax.)
(65,192,663 MMK per year, pre-tax.)
(63,906,515 MMK per year, pre-tax.)
(63,864,729 MMK per year, pre-tax.)
(63,598,524 MMK per year, pre-tax.)
(63,573,880 MMK per year, pre-tax.)
(63,550,989 MMK per year, pre-tax.)

Data as of 2025

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