Home > Salary > Nigeria > Underwriting Technician
An underwriting technician is responsible for providing support to underwriters in the insurance industry. They assist in evaluating and assessing insurance applications, policies, and claims to determine the level of risk involved. Underwriting technicians gather and analyze data, perform risk assessments, and ensure compliance with company policies and industry regulations. They review applications, verify information, and calculate premiums based on risk factors. Additionally, they may communicate with clients, brokers, and agents to gather additional information or clarify details. Attention to detail, strong analytical skills, and knowledge of insurance policies and regulations are essential in this role. Underwriting technicians work in insurance companies, underwriting departments, or brokerage firms.
Estimated Yearly Salary: 3,772,893 NGN
Estimated Monthly Salary: 314,408 NGN
Estimated Weekly Salary: 72,556 NGN per week
Estimated Hourly Salary: 1,814 NGN per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 304,443 NGN
Estimated Weekly Salary: 70,256 NGN per week
Estimated Hourly Salary: 1,756 NGN per hour
Last revision of data: 2024-01-02
Estimated Yearly Salary: 4,540 USD
Estimated Monthly Salary: 378 USD
Estimated Weekly Salary: 87 USD per week
Estimated Hourly Salary: 2 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %
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: 3,772,893 NGN
Estimated Monthly Salary: 314,408 NGN
Estimated Weekly Salary: 72,556 NGN per week
Estimated Hourly Salary: 1,814 NGN per hour
By working as Underwriting Technician a person can save up to 173 USD per month or 2,073 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.
Estimated Yearly Salary for Underwriting Technician
Last revision of data: 2025-01-04
Data as of 2025
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Underwriting Technician salary in Nigeria
Average Yearly Salary of Underwriting Technician in Nigeria is approximately 3,772,893 NGN (4,540 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 Technician do?
An underwriting technician is responsible for providing support to underwriters in the insurance industry. They assist in evaluating and assessing insurance applications, policies, and claims to determine the level of risk involved. Underwriting technicians gather and analyze data, perform risk assessments, and ensure compliance with company policies and industry regulations. They review applications, verify information, and calculate premiums based on risk factors. Additionally, they may communicate with clients, brokers, and agents to gather additional information or clarify details. Attention to detail, strong analytical skills, and knowledge of insurance policies and regulations are essential in this role. Underwriting technicians work in insurance companies, underwriting departments, or brokerage firms.
Skills: underwriting technician, insurance industry, risk assessment, policy evaluation, data analysis, compliance.
Job industry: Insurance
Job industry: Insurance
How much does Underwriting Technician make?
Salary details
How much does Underwriting Technician make?Estimated Yearly Salary: 3,772,893 NGN
Estimated Monthly Salary: 314,408 NGN
Estimated Weekly Salary: 72,556 NGN per week
Estimated Hourly Salary: 1,814 NGN per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 3,653,320 NGNEstimated Monthly Salary: 304,443 NGN
Estimated Weekly Salary: 70,256 NGN per week
Estimated Hourly Salary: 1,756 NGN per hour
Last revision of data: 2024-01-02Underwriting Technician estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 4,540 USD
Estimated Monthly Salary: 378 USD
Estimated Weekly Salary: 87 USD per week
Estimated Hourly Salary: 2 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %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
Compare salary to other countries
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Country:
Salary comparison to National average
Nigeria is a country located in West Africa. It is the most populous country on the African continent, with a population of over 200 million people. The country covers an area of about 923,768 square kilometers, making it the 32nd largest country in the world. Nigeria shares borders with Niger, Chad, Cameroon, and Benin.
Estimated national average yearly salary is 3,943,871 NGN (5,140 USD). Value indicated is pre-tax. Below graph shows estimated Underwriting Technician job salary compared to average salary in Nigeria.
Comparison shows that a person working as Underwriting Technician in Nigeria earns on average:
0.96 times the average salary (or 96% of average salary).
Estimated national average yearly salary is 3,943,871 NGN (5,140 USD). Value indicated is pre-tax. Below graph shows estimated Underwriting Technician job salary compared to average salary in Nigeria.
Comparison shows that a person working as Underwriting Technician in Nigeria earns on average:
0.96 times the average salary (or 96% of average salary).
Is Underwriting Technician a well paid job?
Yes, our data show that Underwriting Technician is an averagely well paid job that still allows for some yearly savings. With years and experience the salary might increase even further, resulting in higher satisfaction.What is considered a high salary for Underwriting Technician?
High salary for Underwriting Technician would be somewhere between 4,150,182 NGN and 5,470,695 NGN. However this is an estimation based on Gaussian Distribution.How much can you save working as Underwriting Technician 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: 3,772,893 NGN
Estimated Monthly Salary: 314,408 NGN
Estimated Weekly Salary: 72,556 NGN per week
Estimated Hourly Salary: 1,814 NGN per hour
By working as Underwriting Technician a person can save up to 173 USD per month or 2,073 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 Technician
Cameroon is 1,464 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 Nigeria
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Data as of 2025Random salary:
Dining room supervisor (1,916,642 NGN per year, pre-tax.)
Gastroenterologist (24,649,191 NGN per year, pre-tax.)
Podiatrist assistant (2,476,142 NGN per year, pre-tax.)
Director of applications (11,708,579 NGN per year, pre-tax.)
Data warehouse developer (7,107,400 NGN per year, pre-tax.)
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