Home > Salary > Philippines > Underwriting Team Lead
An underwriting team lead is responsible for overseeing and managing a team of underwriters in an insurance company or financial institution. They play a crucial role in the underwriting process by assessing risks, evaluating applications, and determining appropriate coverage and premiums. The team lead ensures that underwriters adhere to company policies and guidelines, provides guidance and support to team members, and resolves complex underwriting issues. They also collaborate with other departments such as sales, claims, and compliance to ensure smooth operations and customer satisfaction. Strong analytical skills, attention to detail, and excellent decision-making abilities are essential for this role. Effective communication and leadership skills are also necessary to motivate and guide the team towards achieving organizational goals.
Estimated Yearly Salary: 409,718 PHP
Estimated Monthly Salary: 34,143 PHP
Estimated Weekly Salary: 7,879 PHP per week
Estimated Hourly Salary: 197 PHP per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 32,935 PHP
Estimated Weekly Salary: 7,600 PHP per week
Estimated Hourly Salary: 190 PHP per hour
Last revision of data: 2024-01-03
Estimated Yearly Salary: 6,833 USD
Estimated Monthly Salary: 569 USD
Estimated Weekly Salary: 131 USD per week
Estimated Hourly Salary: 3 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: 409,718 PHP
Estimated Monthly Salary: 34,143 PHP
Estimated Weekly Salary: 7,879 PHP per week
Estimated Hourly Salary: 197 PHP per hour
By working as Underwriting Team Lead a person can save up to 411 USD per month or 4,937 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 Underwriting Team Lead
Last revision of data: 2025-01-04
Data as of 2025
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Underwriting Team Lead salary in Philippines
Average Yearly Salary of Underwriting Team Lead in Philippines is approximately 409,718 PHP (6,833 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 Team Lead do?
An underwriting team lead is responsible for overseeing and managing a team of underwriters in an insurance company or financial institution. They play a crucial role in the underwriting process by assessing risks, evaluating applications, and determining appropriate coverage and premiums. The team lead ensures that underwriters adhere to company policies and guidelines, provides guidance and support to team members, and resolves complex underwriting issues. They also collaborate with other departments such as sales, claims, and compliance to ensure smooth operations and customer satisfaction. Strong analytical skills, attention to detail, and excellent decision-making abilities are essential for this role. Effective communication and leadership skills are also necessary to motivate and guide the team towards achieving organizational goals.
Skills: Underwriting, Team Lead, Risk Assessment, Insurance, Financial Institution, Leadership
Job industry: Insurance
Job industry: Insurance
How much does Underwriting Team Lead make?
Salary details
How much does Underwriting Team Lead make?Estimated Yearly Salary: 409,718 PHP
Estimated Monthly Salary: 34,143 PHP
Estimated Weekly Salary: 7,879 PHP per week
Estimated Hourly Salary: 197 PHP per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 395,220 PHPEstimated Monthly Salary: 32,935 PHP
Estimated Weekly Salary: 7,600 PHP per week
Estimated Hourly Salary: 190 PHP per hour
Last revision of data: 2024-01-03Underwriting Team Lead estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 6,833 USD
Estimated Monthly Salary: 569 USD
Estimated Weekly Salary: 131 USD per week
Estimated Hourly Salary: 3 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 Underwriting Team Lead job salary compared to average salary in Philippines.
Comparison shows that a person working as Underwriting Team Lead in Philippines earns on average:
1.87 times the average salary (or 187% of average salary).
Estimated national average yearly salary is 218,988 PHP (3,950 USD). Value indicated is pre-tax. Below graph shows estimated Underwriting Team Lead job salary compared to average salary in Philippines.
Comparison shows that a person working as Underwriting Team Lead in Philippines earns on average:
1.87 times the average salary (or 187% of average salary).
Is Underwriting Team Lead a well paid job?
Yes, our data shows that Underwriting Team Lead 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 Team Lead?
High salary for Underwriting Team Lead would be somewhere between 450,690 PHP and 594,091 PHP. However this is an estimation based on Gaussian Distribution.How much can you save working as Underwriting Team Lead 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: 409,718 PHP
Estimated Monthly Salary: 34,143 PHP
Estimated Weekly Salary: 7,879 PHP per week
Estimated Hourly Salary: 197 PHP per hour
By working as Underwriting Team Lead a person can save up to 411 USD per month or 4,937 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 Underwriting Team Lead
China is 22,137 USD
Vietnam is 6,900 USD
Malaysia is 30,650 USD
Indonesia is 18,254 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.)
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4. Neurosurgeon
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6. Urologist
(1,880,648 PHP per year, pre-tax.)
(1,878,914 PHP per year, pre-tax.)
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9. Oncologist
(1,875,578 PHP per year, pre-tax.)
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Data as of 2025Random salary:
Vehicle mechanic (129,619 PHP per year, pre-tax.)
Quality improvement project manager (291,282 PHP per year, pre-tax.)
Press set up (144,532 PHP per year, pre-tax.)
Clinical educator (356,520 PHP per year, pre-tax.)
Occupational therapyphysical therapy supervisor (310,963 PHP per year, pre-tax.)
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