Regional Underwriting Manager salary in Nigeria

Average Yearly Salary of Regional Underwriting Manager in Nigeria is approximately 11,036,298 NGN (13,209 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 Regional Underwriting Manager do?

A Regional Underwriting Manager is responsible for overseeing the underwriting activities within a specific geographical region. They manage a team of underwriters and ensure that underwriting decisions are made in accordance with company policies and guidelines. The role involves analyzing and evaluating risks associated with insurance applications, reviewing underwriting files, and making final underwriting decisions. Regional Underwriting Managers also collaborate with other departments such as sales and claims to provide support and guidance on underwriting matters. They may participate in training and development programs to enhance the skills and knowledge of their team members. Effective communication and negotiation skills are essential for this role, as Regional Underwriting Managers often interact with agents, brokers, and clients to resolve complex underwriting issues.

Skills: Regional Underwriting Manager, Insurance, Risk Assessment, Underwriting Guidelines, Team Management, Communication Skills
Job industry: Insurance

How much does Regional Underwriting Manager make?

Difference in salary year over year or average salary increase is approximately 4 %


Want to check how your salary compares? Submit your own salary here

Salary comparison to National average

Is Regional Underwriting Manager a well paid job?

Yes, our data show that Regional 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 Regional Underwriting Manager?

High salary for Regional Underwriting Manager would be somewhere between 12,139,928 NGN and 16,002,632 NGN. However this is an estimation based on Gaussian Distribution.

How much can you save working as Regional 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: 11,036,298 NGN
Estimated Monthly Salary: 919,692 NGN
Estimated Weekly Salary: 212,237 NGN per week
Estimated Hourly Salary: 5,306 NGN per hour
By working as Regional Underwriting Manager a person can save up to 895 USD per month or 10,742 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 Regional 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.

Top 10 highest salaries in Nigeria

Data as of 2025

Random salary:
Boring machine operator (2,299,699 NGN per year, pre-tax.)
Development director public housing (3,934,216 NGN per year, pre-tax.)
Director of disability services (5,144,623 NGN per year, pre-tax.)
Optical sales associate (1,853,773 NGN per year, pre-tax.)
Air traffic controller (7,681,168 NGN per year, pre-tax.)

Feedback about these results