Home > Salary > Norway > Insurance Underwriter
An insurance underwriter is responsible for assessing and evaluating insurance applications to determine the level of risk involved and the appropriate premium to be charged. They analyze various factors such as the applicant's health, age, occupation, and lifestyle to calculate the likelihood of a claim being made. Underwriters use statistical models and actuarial data to make informed decisions and ensure that the insurance company remains profitable. They also review policy renewals, negotiate terms with brokers, and provide guidance on risk management strategies.
Estimated Yearly Salary: 1,240,351 NOK
Estimated Monthly Salary: 103,363 NOK
Estimated Weekly Salary: 23,853 NOK per week
Estimated Hourly Salary: 596 NOK per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 100,202 NOK
Estimated Weekly Salary: 23,123 NOK per week
Estimated Hourly Salary: 578 NOK per hour
Last revision of data: 2024-01-02
Estimated Yearly Salary: 113,360 USD
Estimated Monthly Salary: 9,447 USD
Estimated Weekly Salary: 2,180 USD per week
Estimated Hourly Salary: 55 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: 1,240,351 NOK
Estimated Monthly Salary: 103,363 NOK
Estimated Weekly Salary: 23,853 NOK per week
Estimated Hourly Salary: 596 NOK per hour
By working as Insurance Underwriter a person can save up to 5,626 USD per month or 67,515 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 Insurance Underwriter
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
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Insurance Underwriter salary in Norway
Average Yearly Salary of Insurance Underwriter in Norway is approximately 1,240,351 NOK (113,360 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 Insurance Underwriter do?
An insurance underwriter is responsible for assessing and evaluating insurance applications to determine the level of risk involved and the appropriate premium to be charged. They analyze various factors such as the applicant's health, age, occupation, and lifestyle to calculate the likelihood of a claim being made. Underwriters use statistical models and actuarial data to make informed decisions and ensure that the insurance company remains profitable. They also review policy renewals, negotiate terms with brokers, and provide guidance on risk management strategies.
Skills: Insurance underwriter, Risk assessment, Premium calculation, Actuarial analysis, Policy renewal, Risk management.
Job industry: Insurance
Job industry: Insurance
How much does Insurance Underwriter make?
Salary details
How much does Insurance Underwriter make?Estimated Yearly Salary: 1,240,351 NOK
Estimated Monthly Salary: 103,363 NOK
Estimated Weekly Salary: 23,853 NOK per week
Estimated Hourly Salary: 596 NOK per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 1,202,421 NOKEstimated Monthly Salary: 100,202 NOK
Estimated Weekly Salary: 23,123 NOK per week
Estimated Hourly Salary: 578 NOK per hour
Last revision of data: 2024-01-02Insurance Underwriter estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 113,360 USD
Estimated Monthly Salary: 9,447 USD
Estimated Weekly Salary: 2,180 USD per week
Estimated Hourly Salary: 55 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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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 Insurance Underwriter job salary compared to average salary in Norway.
Comparison shows that a person working as Insurance Underwriter in Norway earns on average:
1.27 times the average salary (or 127% of average salary).
Estimated national average yearly salary is 977,067 NOK (95,510 USD). Value indicated is pre-tax. Below graph shows estimated Insurance Underwriter job salary compared to average salary in Norway.
Comparison shows that a person working as Insurance Underwriter in Norway earns on average:
1.27 times the average salary (or 127% of average salary).
Is Insurance Underwriter a well paid job?
Yes, our data shows that Insurance Underwriter 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 Insurance Underwriter?
High salary for Insurance Underwriter would be somewhere between 1,364,386 NOK and 1,798,509 NOK. However this is an estimation based on Gaussian Distribution.How much can you save working as Insurance Underwriter 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: 1,240,351 NOK
Estimated Monthly Salary: 103,363 NOK
Estimated Weekly Salary: 23,853 NOK per week
Estimated Hourly Salary: 596 NOK per hour
By working as Insurance Underwriter a person can save up to 5,626 USD per month or 67,515 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 Insurance Underwriter
Sweden is 74,659 USD
Finland is 64,282 USD
Russia is 15,182 USD
Denmark is 86,636 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:
Nutrition clerk (440,301 NOK per year, pre-tax.)
Sap apo analyst (1,192,020 NOK per year, pre-tax.)
Publicity assistant (552,532 NOK per year, pre-tax.)
National security analyst (1,044,636 NOK per year, pre-tax.)
Hand packager (558,815 NOK per year, pre-tax.)
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