Home > Salary > Philippines > Chief Underwriter
The occupation of a Chief Underwriter involves overseeing the underwriting process within an organization. Chief Underwriters are responsible for managing a team of underwriters, ensuring that they adhere to company policies and guidelines while assessing risks associated with insurance or loan applications. They review complex or high-value cases, make final underwriting decisions, and provide guidance to their team members. Chief Underwriters collaborate with other departments such as sales, marketing, and claims to ensure effective risk management and profitability. They may also develop and implement underwriting strategies, monitor industry trends, and recommend changes to underwriting policies. Strong analytical skills, attention to detail, and the ability to make sound judgments are essential in this role.
Estimated Yearly Salary: 677,547 PHP
Estimated Monthly Salary: 56,462 PHP
Estimated Weekly Salary: 13,030 PHP per week
Estimated Hourly Salary: 326 PHP per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 54,465 PHP
Estimated Weekly Salary: 12,569 PHP per week
Estimated Hourly Salary: 314 PHP per hour
Last revision of data: 2024-01-02
Estimated Yearly Salary: 11,261 USD
Estimated Monthly Salary: 938 USD
Estimated Weekly Salary: 217 USD per week
Estimated Hourly Salary: 5 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: 677,547 PHP
Estimated Monthly Salary: 56,462 PHP
Estimated Weekly Salary: 13,030 PHP per week
Estimated Hourly Salary: 326 PHP per hour
By working as Chief Underwriter a person can save up to 780 USD per month or 9,365 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 Philippines, see costs of living in Philippines.
Estimated Yearly Salary for Chief Underwriter
Last revision of data: 2025-01-04
Data as of 2025
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Chief Underwriter salary in Philippines
Average Yearly Salary of Chief Underwriter in Philippines is approximately 677,547 PHP (11,261 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 Chief Underwriter do?
The occupation of a Chief Underwriter involves overseeing the underwriting process within an organization. Chief Underwriters are responsible for managing a team of underwriters, ensuring that they adhere to company policies and guidelines while assessing risks associated with insurance or loan applications. They review complex or high-value cases, make final underwriting decisions, and provide guidance to their team members. Chief Underwriters collaborate with other departments such as sales, marketing, and claims to ensure effective risk management and profitability. They may also develop and implement underwriting strategies, monitor industry trends, and recommend changes to underwriting policies. Strong analytical skills, attention to detail, and the ability to make sound judgments are essential in this role.
Skills: Chief Underwriter, Underwriting, Risk Management, Insurance, Loan Applications, Analytical Skills
Job industry: Insurance
Job industry: Insurance
How much does Chief Underwriter make?
Salary details
How much does Chief Underwriter make?Estimated Yearly Salary: 677,547 PHP
Estimated Monthly Salary: 56,462 PHP
Estimated Weekly Salary: 13,030 PHP per week
Estimated Hourly Salary: 326 PHP per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 653,580 PHPEstimated Monthly Salary: 54,465 PHP
Estimated Weekly Salary: 12,569 PHP per week
Estimated Hourly Salary: 314 PHP per hour
Last revision of data: 2024-01-02Chief Underwriter estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 11,261 USD
Estimated Monthly Salary: 938 USD
Estimated Weekly Salary: 217 USD per week
Estimated Hourly Salary: 5 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
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Salary comparison to National average
The Philippines is an archipelagic country located in Southeast Asia. It is composed of more than 7,000 islands and has a total land area of approximately 300,000 square kilometers. The population of the Philippines is around 110 million people, making it the 13th most populous country in the world. The capital city is Manila, which is one of the most densely populated cities globally.
Estimated national average yearly salary is 218,988 PHP (3,950 USD). Value indicated is pre-tax. Below graph shows estimated Chief Underwriter job salary compared to average salary in Philippines.
Comparison shows that a person working as Chief Underwriter in Philippines earns on average:
3.09 times the average salary (or 309% of average salary).
Estimated national average yearly salary is 218,988 PHP (3,950 USD). Value indicated is pre-tax. Below graph shows estimated Chief Underwriter job salary compared to average salary in Philippines.
Comparison shows that a person working as Chief Underwriter in Philippines earns on average:
3.09 times the average salary (or 309% of average salary).
Is Chief Underwriter a well paid job?
Yes, our data show that Chief Underwriter 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 Chief Underwriter?
High salary for Chief Underwriter would be somewhere between 745,302 PHP and 982,443 PHP. However this is an estimation based on Gaussian Distribution.How much can you save working as Chief Underwriter in Philippines?
Living in Philippines the approximate monthly expenses are: 158 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: 677,547 PHP
Estimated Monthly Salary: 56,462 PHP
Estimated Weekly Salary: 13,030 PHP per week
Estimated Hourly Salary: 326 PHP per hour
By working as Chief Underwriter a person can save up to 780 USD per month or 9,365 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 Philippines, see costs of living in Philippines.
Salary comparison to region and neighbouring coutries
Country's neighbours are: China, Taiwan, Vietnam, Malaysia, Indonesia, Brunei.. To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).Estimated Yearly Salary for Chief Underwriter
China is 36,620 USD
Vietnam is 11,424 USD
Malaysia is 50,860 USD
Indonesia is 30,108 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 Philippines
(2,481,728 PHP per year, pre-tax.)
2. Cardiologist
(2,051,118 PHP per year, pre-tax.)
(1,992,718 PHP per year, pre-tax.)
4. Neurosurgeon
(1,926,350 PHP per year, pre-tax.)
(1,926,277 PHP per year, pre-tax.)
6. Urologist
(1,880,648 PHP per year, pre-tax.)
(1,878,914 PHP per year, pre-tax.)
(1,877,420 PHP per year, pre-tax.)
9. Oncologist
(1,875,578 PHP per year, pre-tax.)
(1,874,981 PHP per year, pre-tax.)
Data as of 2025Random salary:
Coordinate measuring machine (cmm), operator (160,140 PHP per year, pre-tax.)
Pe engineer (328,080 PHP per year, pre-tax.)
Key entry operator (136,261 PHP per year, pre-tax.)
Utilization review assistant (149,820 PHP per year, pre-tax.)
Transportation storage or distribution manager (226,417 PHP per year, pre-tax.)
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The salary data on this site is intended for reference purposes only. We offer salary insights based on multiple sources, but do not guarantee absolute precision. Users should consistently cross-check salary details with other reliable sources before making financial decisions. Variations in salary figures may occur due to several factors, including company policies, market demand, and individual skills. We do not offer any warranty regarding the entirety of the provided salary data. Use of optisalary.com constitutes acceptance of these conditions.
The salary data on this site is intended for informational purposes only. We offer salary insights derived from multiple datasets, but cannot guarantee complete precision. Users should consistently verify salary details with other trusted sources before making career-related choices. Variations in salary figures may occur due to several circumstances, including location, experience, and industry. We do not offer any guarantee regarding the completeness of the provided salary data. Use of optisalary.com constitutes acceptance of these conditions.