National Underwriting Manager salary in Nigeria

Average Yearly Salary of National Underwriting Manager in Nigeria is approximately 8,455,025 NGN (10,117 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 National Underwriting Manager do?

A National Underwriting Manager is responsible for overseeing the underwriting process of insurance policies on a national scale. They manage a team of underwriters, ensuring adherence to company policies and guidelines. Their primary role involves evaluating risk factors, analyzing financial data, and making informed decisions regarding policy approval or denial. They collaborate with agents, brokers, and other stakeholders to provide guidance and support in underwriting complex cases. Additionally, they monitor industry trends, regulatory changes, and competitor activities to develop strategies that enhance underwriting performance and profitability. Strong analytical skills, attention to detail, and sound judgment are essential for this role, as the National Underwriting Manager plays a crucial role in managing risk and ensuring the company's financial stability.

Skills: National Underwriting Manager, Insurance Underwriting, Risk Assessment, Financial Analysis, Policy Approval, Team Management
Job industry: Insurance

How much does National Underwriting Manager make?

Difference in salary year over year or average salary increase is approximately 3 %


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Salary comparison to National average

Is National Underwriting Manager a well paid job?

Yes, our data show that National Underwriting Manager is a very well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for National Underwriting Manager?

High salary for National Underwriting Manager would be somewhere between 9,300,528 NGN and 12,259,786 NGN. However this is an estimation based on Gaussian Distribution.

How much can you save working as National Underwriting Manager in Nigeria?

Living in Nigeria the approximate monthly expenses are: 206 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: 8,455,025 NGN
Estimated Monthly Salary: 704,585 NGN
Estimated Weekly Salary: 162,597 NGN per week
Estimated Hourly Salary: 4,065 NGN per hour
By working as National Underwriting Manager a person can save up to 637 USD per month or 7,650 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 Nigeria, see costs of living in Nigeria.

Salary comparison to region and neighbouring coutries

Country's neighbours are: Niger, Chad, Cameroon, Benin.
To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).

Estimated Yearly Salary for National Underwriting Manager

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 +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 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.

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Data as of 2025

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