Home > Salary > Oman > 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: 48,941 OMR
Estimated Monthly Salary: 4,078 OMR
Estimated Weekly Salary: 941 OMR per week
Estimated Hourly Salary: 24 OMR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 3,951 OMR
Estimated Weekly Salary: 912 OMR per week
Estimated Hourly Salary: 23 OMR per hour
Last revision of data: 2024-02-02
Estimated Yearly Salary: 20,493 USD
Estimated Monthly Salary: 1,708 USD
Estimated Weekly Salary: 394 USD per week
Estimated Hourly Salary: 10 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: 48,941 OMR
Estimated Monthly Salary: 4,078 OMR
Estimated Weekly Salary: 941 OMR per week
Estimated Hourly Salary: 24 OMR per hour
By working as Director Underwriting a person can save up to 842 USD per month or 10,106 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 Oman, see costs of living in Oman.
Estimated Yearly Salary for Director Underwriting
United Arab Emirates is 111,148 USD 442%
Details on Director Underwriting salary in United Arab Emirates Last revision of data: 2025-01-04
Data as of 2025
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Director Underwriting salary in Oman
Average Yearly Salary of Director Underwriting in Oman is approximately 48,941 OMR (20,493 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: 48,941 OMR
Estimated Monthly Salary: 4,078 OMR
Estimated Weekly Salary: 941 OMR per week
Estimated Hourly Salary: 24 OMR per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 47,411 OMREstimated Monthly Salary: 3,951 OMR
Estimated Weekly Salary: 912 OMR per week
Estimated Hourly Salary: 23 OMR per hour
Last revision of data: 2024-02-02Director Underwriting estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 20,493 USD
Estimated Monthly Salary: 1,708 USD
Estimated Weekly Salary: 394 USD per week
Estimated Hourly Salary: 10 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
Oman, officially known as the Sultanate of Oman, is a country located in the southeastern coast of the Arabian Peninsula. With a population of around 5 million people, it spans an area of approximately 309,500 square kilometers. Oman is bordered by the United Arab Emirates to the northwest, Saudi Arabia to the west, and Yemen to the southwest.
Estimated national average yearly salary is 8,321 OMR (21,640 USD). Value indicated is pre-tax. Below graph shows estimated Director Underwriting job salary compared to average salary in Oman.
Comparison shows that a person working as Director Underwriting in Oman earns on average:
5.88 times the average salary (or 588% of average salary).
Estimated national average yearly salary is 8,321 OMR (21,640 USD). Value indicated is pre-tax. Below graph shows estimated Director Underwriting job salary compared to average salary in Oman.
Comparison shows that a person working as Director Underwriting in Oman earns on average:
5.88 times the average salary (or 588% of average salary).
Is Director Underwriting a well paid job?
Yes, our data shows that Director Underwriting is an extremely 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 53,835 OMR and 70,964 OMR. However this is an estimation based on Gaussian Distribution.How much can you save working as Director Underwriting in Oman?
Living in Oman the approximate monthly expenses are: 866 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: 48,941 OMR
Estimated Monthly Salary: 4,078 OMR
Estimated Weekly Salary: 941 OMR per week
Estimated Hourly Salary: 24 OMR per hour
By working as Director Underwriting a person can save up to 842 USD per month or 10,106 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 Oman, see costs of living in Oman.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Saudi Arabia, United Arab Emirates, Yemen. 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
Saudi Arabia is 62,789 USDUnited Arab Emirates is 111,148 USD 442%Details on Director Underwriting salary in United Arab Emirates
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 Oman
(225,004 OMR per year, pre-tax.)
2. Cardiologist
(187,817 OMR per year, pre-tax.)
(181,259 OMR per year, pre-tax.)
4. Neurosurgeon
(176,098 OMR per year, pre-tax.)
(175,311 OMR per year, pre-tax.)
(172,262 OMR per year, pre-tax.)
7. Urologist
(172,070 OMR per year, pre-tax.)
(171,963 OMR per year, pre-tax.)
9. Oncologist
(171,687 OMR per year, pre-tax.)
(171,274 OMR per year, pre-tax.)
Data as of 2025Random salary:
Certified hand therapist (36,473 OMR per year, pre-tax.)
Planning manager (finance), long range (41,278 OMR per year, pre-tax.)
Cardiac monitor technician (10,831 OMR per year, pre-tax.)
Sports journalist (17,329 OMR per year, pre-tax.)
Route manager portable toilets (12,030 OMR per year, pre-tax.)
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