Underwriting Supervisor salary in Nigeria

Average Yearly Salary of Underwriting Supervisor in Nigeria is approximately 5,846,632 NGN (7,029 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 Supervisor do?

An underwriting supervisor is responsible for overseeing the underwriting process in an insurance company or financial institution. They supervise a team of underwriters and ensure that they adhere to company policies and guidelines. The main duties of an underwriting supervisor include reviewing and approving or denying insurance applications, analyzing risk factors, determining premiums, and providing guidance and support to the underwriting team. They also collaborate with other departments such as claims and sales to resolve any issues or concerns related to underwriting decisions. Strong analytical and decision-making skills are essential for this role, as well as excellent communication and leadership abilities. An underwriting supervisor should have a deep understanding of insurance regulations and industry trends to effectively manage risks and maintain profitability.

Skills: Underwriting supervisor, Insurance, Risk analysis, Team management, Policy compliance, Communication skills
Job industry: Finance

How much does Underwriting Supervisor make?

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


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Salary comparison to National average

Is Underwriting Supervisor a well paid job?

Yes, our data shows that Underwriting Supervisor 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 Supervisor?

High salary for Underwriting Supervisor would be somewhere between 6,431,295 NGN and 8,477,616 NGN. However this is an estimation based on Gaussian Distribution.

How much can you save working as Underwriting Supervisor 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: 5,846,632 NGN
Estimated Monthly Salary: 487,219 NGN
Estimated Weekly Salary: 112,435 NGN per week
Estimated Hourly Salary: 2,811 NGN per hour
By working as Underwriting Supervisor a person can save up to 380 USD per month or 4,562 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 Underwriting Supervisor

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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