Home > Salary > New Zealand > 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: 102,963 NZD
Estimated Monthly Salary: 8,580 NZD
Estimated Weekly Salary: 1,980 NZD per week
Estimated Hourly Salary: 50 NZD per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 8,275 NZD
Estimated Weekly Salary: 1,910 NZD per week
Estimated Hourly Salary: 48 NZD per hour
Last revision of data: 2024-01-03
Estimated Yearly Salary: 51,319 USD
Estimated Monthly Salary: 4,277 USD
Estimated Weekly Salary: 987 USD per week
Estimated Hourly Salary: 25 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: 102,963 NZD
Estimated Monthly Salary: 8,580 NZD
Estimated Weekly Salary: 1,980 NZD per week
Estimated Hourly Salary: 50 NZD per hour
By working as Underwriter Trainee a person can save up to 2,338 USD per month or 28,058 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 New Zealand, see costs of living in New Zealand.
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 New Zealand
Average Yearly Salary of Underwriter Trainee in New Zealand is approximately 102,963 NZD (51,319 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: 102,963 NZD
Estimated Monthly Salary: 8,580 NZD
Estimated Weekly Salary: 1,980 NZD per week
Estimated Hourly Salary: 50 NZD per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 99,304 NZDEstimated Monthly Salary: 8,275 NZD
Estimated Weekly Salary: 1,910 NZD per week
Estimated Hourly Salary: 48 NZD 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: 51,319 USD
Estimated Monthly Salary: 4,277 USD
Estimated Weekly Salary: 987 USD per week
Estimated Hourly Salary: 25 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
New Zealand, a beautiful island country in the southwestern Pacific Ocean, is known for its stunning landscapes, diverse wildlife, and vibrant Maori culture. With a population of around 5 million people, it is sparsely populated compared to its size. The country covers an area of approximately 268,000 square kilometers and consists of two main islands, the North Island and the South Island, along with numerous smaller islands.
Estimated national average yearly salary is 80,807 NZD (48,460 USD). Value indicated is pre-tax. Below graph shows estimated Underwriter Trainee job salary compared to average salary in New Zealand.
Comparison shows that a person working as Underwriter Trainee in New Zealand earns on average:
1.27 times the average salary (or 127% of average salary).
Estimated national average yearly salary is 80,807 NZD (48,460 USD). Value indicated is pre-tax. Below graph shows estimated Underwriter Trainee job salary compared to average salary in New Zealand.
Comparison shows that a person working as Underwriter Trainee in New Zealand earns on average:
1.27 times the average salary (or 127% of average salary).
Is Underwriter Trainee a well paid job?
Yes, our data shows that Underwriter Trainee 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 Trainee?
High salary for Underwriter Trainee would be somewhere between 113,259 NZD and 149,296 NZD. However this is an estimation based on Gaussian Distribution.How much can you save working as Underwriter Trainee in New Zealand?
Living in New Zealand the approximate monthly expenses are: 1,938 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: 102,963 NZD
Estimated Monthly Salary: 8,580 NZD
Estimated Weekly Salary: 1,980 NZD per week
Estimated Hourly Salary: 50 NZD per hour
By working as Underwriter Trainee a person can save up to 2,338 USD per month or 28,058 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 New Zealand, see costs of living in New Zealand.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Australia, Fiji, New Caledonia, Tonga, Samoa. 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
Australia is 63,889 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 New Zealand
(1,008,623 NZD per year, pre-tax.)
2. Cardiologist
(843,890 NZD per year, pre-tax.)
(810,735 NZD per year, pre-tax.)
(786,864 NZD per year, pre-tax.)
5. Neurosurgeon
(786,039 NZD per year, pre-tax.)
(769,764 NZD per year, pre-tax.)
7. Oncologist
(768,008 NZD per year, pre-tax.)
(767,682 NZD per year, pre-tax.)
(767,202 NZD per year, pre-tax.)
(766,991 NZD per year, pre-tax.)
Data as of 2025Random salary:
Associate software engineer (92,107 NZD per year, pre-tax.)
Floor layer (67,741 NZD per year, pre-tax.)
Production director printing and publishing (102,817 NZD per year, pre-tax.)
Store owner operator (81,397 NZD per year, pre-tax.)
Project administrator architecture (84,514 NZD per year, pre-tax.)
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