Home > Salary > Norway > Underwriting Supervisor
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.
Estimated Yearly Salary: 1,436,321 NOK
Estimated Monthly Salary: 119,693 NOK
Estimated Weekly Salary: 27,622 NOK per week
Estimated Hourly Salary: 691 NOK per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 115,471 NOK
Estimated Weekly Salary: 26,647 NOK per week
Estimated Hourly Salary: 666 NOK per hour
Last revision of data: 2024-01-08
Estimated Yearly Salary: 130,149 USD
Estimated Monthly Salary: 10,846 USD
Estimated Weekly Salary: 2,503 USD per week
Estimated Hourly Salary: 63 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: 1,436,321 NOK
Estimated Monthly Salary: 119,693 NOK
Estimated Weekly Salary: 27,622 NOK per week
Estimated Hourly Salary: 691 NOK per hour
By working as Underwriting Supervisor a person can save up to 7,025 USD per month or 84,304 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 Underwriting Supervisor
Last revision of data: 2025-01-04
Data as of 2025
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Underwriting Supervisor salary in Norway
Average Yearly Salary of Underwriting Supervisor in Norway is approximately 1,436,321 NOK (130,149 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
Job industry: Finance
How much does Underwriting Supervisor make?
Salary details
How much does Underwriting Supervisor make?Estimated Yearly Salary: 1,436,321 NOK
Estimated Monthly Salary: 119,693 NOK
Estimated Weekly Salary: 27,622 NOK per week
Estimated Hourly Salary: 691 NOK per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 1,385,648 NOKEstimated Monthly Salary: 115,471 NOK
Estimated Weekly Salary: 26,647 NOK per week
Estimated Hourly Salary: 666 NOK per hour
Last revision of data: 2024-01-08Underwriting Supervisor estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 130,149 USD
Estimated Monthly Salary: 10,846 USD
Estimated Weekly Salary: 2,503 USD per week
Estimated Hourly Salary: 63 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 Underwriting Supervisor job salary compared to average salary in Norway.
Comparison shows that a person working as Underwriting Supervisor in Norway earns on average:
1.47 times the average salary (or 147% of average salary).
Estimated national average yearly salary is 977,067 NOK (95,510 USD). Value indicated is pre-tax. Below graph shows estimated Underwriting Supervisor job salary compared to average salary in Norway.
Comparison shows that a person working as Underwriting Supervisor in Norway earns on average:
1.47 times the average salary (or 147% of average salary).
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 1,579,953 NOK and 2,082,665 NOK. However this is an estimation based on Gaussian Distribution.How much can you save working as Underwriting Supervisor 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: 1,436,321 NOK
Estimated Monthly Salary: 119,693 NOK
Estimated Weekly Salary: 27,622 NOK per week
Estimated Hourly Salary: 691 NOK per hour
By working as Underwriting Supervisor a person can save up to 7,025 USD per month or 84,304 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 Underwriting Supervisor
Sweden is 86,139 USD
Finland is 74,205 USD
Russia is 17,509 USD
Denmark is 100,279 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:
Advertising manager (1,123,622 NOK per year, pre-tax.)
Planning analyst advertisingmedia (771,884 NOK per year, pre-tax.)
Cybercrime investigator (1,706,298 NOK per year, pre-tax.)
Marketing specialist (802,900 NOK per year, pre-tax.)
Automotive body repairer (500,737 NOK per year, pre-tax.)
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