Home > Salary > Norway > Director Underwriting
A Director of Underwriting is a senior-level position within an insurance company or financial institution. Their primary responsibility is to oversee the underwriting process, which involves assessing and evaluating risks associated with insurance policies or loan applications. They lead a team of underwriters and ensure that all policies adhere to the company's underwriting guidelines and regulatory requirements. The Director of Underwriting is also responsible for developing and implementing underwriting strategies, analyzing market trends, and making recommendations to senior management regarding pricing, risk management, and product development. They collaborate with other departments such as sales, claims, and legal to ensure efficient and effective underwriting operations. Strong analytical skills, risk assessment expertise, and knowledge of industry regulations are essential for success in this role.
Estimated Yearly Salary: 2,387,091 NOK
Estimated Monthly Salary: 198,924 NOK
Estimated Weekly Salary: 45,906 NOK per week
Estimated Hourly Salary: 1,148 NOK per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 191,815 NOK
Estimated Weekly Salary: 44,265 NOK per week
Estimated Hourly Salary: 1,107 NOK per hour
Last revision of data: 2024-01-02
Estimated Yearly Salary: 216,683 USD
Estimated Monthly Salary: 18,057 USD
Estimated Weekly Salary: 4,167 USD per week
Estimated Hourly Salary: 104 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: 2,387,091 NOK
Estimated Monthly Salary: 198,924 NOK
Estimated Weekly Salary: 45,906 NOK per week
Estimated Hourly Salary: 1,148 NOK per hour
By working as Director Underwriting a person can save up to 14,237 USD per month or 170,838 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 Norway, see costs of living in Norway.
Estimated Yearly Salary for Director Underwriting
Last revision of data: 2025-01-04
Data as of 2025
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Director Underwriting salary in Norway
Average Yearly Salary of Director Underwriting in Norway is approximately 2,387,091 NOK (216,683 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 Director Underwriting do?
A Director of Underwriting is a senior-level position within an insurance company or financial institution. Their primary responsibility is to oversee the underwriting process, which involves assessing and evaluating risks associated with insurance policies or loan applications. They lead a team of underwriters and ensure that all policies adhere to the company's underwriting guidelines and regulatory requirements. The Director of Underwriting is also responsible for developing and implementing underwriting strategies, analyzing market trends, and making recommendations to senior management regarding pricing, risk management, and product development. They collaborate with other departments such as sales, claims, and legal to ensure efficient and effective underwriting operations. Strong analytical skills, risk assessment expertise, and knowledge of industry regulations are essential for success in this role.
Skills: Director of Underwriting, Risk Assessment, Insurance Policies, Underwriting Guidelines, Financial Institution, Strategic Planning
Job industry: Insurance
Job industry: Insurance
How much does Director Underwriting make?
Salary details
How much does Director Underwriting make?Estimated Yearly Salary: 2,387,091 NOK
Estimated Monthly Salary: 198,924 NOK
Estimated Weekly Salary: 45,906 NOK per week
Estimated Hourly Salary: 1,148 NOK per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 2,301,783 NOKEstimated Monthly Salary: 191,815 NOK
Estimated Weekly Salary: 44,265 NOK per week
Estimated Hourly Salary: 1,107 NOK per hour
Last revision of data: 2024-01-02Director Underwriting estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 216,683 USD
Estimated Monthly Salary: 18,057 USD
Estimated Weekly Salary: 4,167 USD per week
Estimated Hourly Salary: 104 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
Compare salary to other countries
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Salary comparison to National average
Norway, located in Northern Europe, is a country known for its stunning natural landscapes, including fjords, mountains, and forests. With a population of approximately 5.4 million people, it is one of the least densely populated countries in Europe. The size of Norway is around 323,802 square kilometers, making it larger than many European countries.
Estimated national average yearly salary is 977,067 NOK (95,510 USD). Value indicated is pre-tax. Below graph shows estimated Director Underwriting job salary compared to average salary in Norway.
Comparison shows that a person working as Director Underwriting in Norway earns on average:
2.44 times the average salary (or 244% of average salary).
Estimated national average yearly salary is 977,067 NOK (95,510 USD). Value indicated is pre-tax. Below graph shows estimated Director Underwriting job salary compared to average salary in Norway.
Comparison shows that a person working as Director Underwriting in Norway earns on average:
2.44 times the average salary (or 244% of average salary).
Is Director Underwriting a well paid job?
Yes, our data show that Director Underwriting 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 Director Underwriting?
High salary for Director Underwriting would be somewhere between 2,625,800 NOK and 3,461,282 NOK. However this is an estimation based on Gaussian Distribution.How much can you save working as Director Underwriting in Norway?
Living in Norway the approximate monthly expenses are: 3,820 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: 2,387,091 NOK
Estimated Monthly Salary: 198,924 NOK
Estimated Weekly Salary: 45,906 NOK per week
Estimated Hourly Salary: 1,148 NOK per hour
By working as Director Underwriting a person can save up to 14,237 USD per month or 170,838 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 Norway, see costs of living in Norway.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Sweden, Finland, Russia, Denmark. To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).Estimated Yearly Salary for Director Underwriting
Sweden is 143,250 USD
Finland is 122,932 USD
Russia is 29,181 USD
Denmark is 166,002 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 Norway
(10,937,756 NOK per year, pre-tax.)
2. Cardiologist
(9,106,184 NOK per year, pre-tax.)
(8,829,745 NOK per year, pre-tax.)
4. Neurosurgeon
(8,566,101 NOK per year, pre-tax.)
(8,524,526 NOK per year, pre-tax.)
6. Oncologist
(8,361,766 NOK per year, pre-tax.)
7. Urologist
(8,317,150 NOK per year, pre-tax.)
(8,311,831 NOK per year, pre-tax.)
(8,311,163 NOK per year, pre-tax.)
(8,310,747 NOK per year, pre-tax.)
Data as of 2025Random salary:
International sales marketing manager (1,580,326 NOK per year, pre-tax.)
Key entry operator (440,301 NOK per year, pre-tax.)
Courier (829,911 NOK per year, pre-tax.)
Model maker metal and plastic (725,199 NOK per year, pre-tax.)
Art drama or music teacher postsecondary (751,106 NOK per year, pre-tax.)
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