Home > Salary > Saudi Arabia > Insurance Underwriter Commercial Property
An insurance underwriter for commercial property is responsible for evaluating and assessing the risks associated with insuring commercial properties. They analyze various factors such as location, construction type, occupancy, and fire protection measures to determine the appropriate coverage and premium rates. The underwriter reviews applications, gathers necessary information, and conducts risk assessments to make informed decisions on policy approvals or rejections. They also collaborate with brokers, agents, and other professionals to ensure accurate and comprehensive underwriting. Additionally, they may negotiate terms and conditions, prepare policy documents, and provide guidance on risk management strategies to clients.
Estimated Yearly Salary: 136,096 SAR
Estimated Monthly Salary: 11,341 SAR
Estimated Weekly Salary: 2,617 SAR per week
Estimated Hourly Salary: 65 SAR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 10,927 SAR
Estimated Weekly Salary: 2,522 SAR per week
Estimated Hourly Salary: 63 SAR per hour
Last revision of data: 2024-01-07
Estimated Yearly Salary: 33,924 USD
Estimated Monthly Salary: 2,827 USD
Estimated Weekly Salary: 652 USD per week
Estimated Hourly Salary: 16 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: 136,096 SAR
Estimated Monthly Salary: 11,341 SAR
Estimated Weekly Salary: 2,617 SAR per week
Estimated Hourly Salary: 65 SAR per hour
By working as Insurance Underwriter Commercial Property a person can save up to 1,723 USD per month or 20,681 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 Saudi Arabia, see costs of living in Saudi Arabia.
Estimated Yearly Salary for Insurance Underwriter Commercial Property
United Arab Emirates is 60,056 USD 77%
Details on Insurance Underwriter Commercial Property salary in United Arab Emirates Last revision of data: 2025-01-04
Data as of 2025
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Insurance Underwriter Commercial Property salary in Saudi Arabia
Average Yearly Salary of Insurance Underwriter Commercial Property in Saudi Arabia is approximately 136,096 SAR (33,924 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 Commercial Property do?
An insurance underwriter for commercial property is responsible for evaluating and assessing the risks associated with insuring commercial properties. They analyze various factors such as location, construction type, occupancy, and fire protection measures to determine the appropriate coverage and premium rates. The underwriter reviews applications, gathers necessary information, and conducts risk assessments to make informed decisions on policy approvals or rejections. They also collaborate with brokers, agents, and other professionals to ensure accurate and comprehensive underwriting. Additionally, they may negotiate terms and conditions, prepare policy documents, and provide guidance on risk management strategies to clients.
Skills: insurance underwriter, commercial property, risk assessment, policy approval, premium rates, risk management.
Job industry: Insurance
Job industry: Insurance
How much does Insurance Underwriter Commercial Property make?
Salary details
How much does Insurance Underwriter Commercial Property make?Estimated Yearly Salary: 136,096 SAR
Estimated Monthly Salary: 11,341 SAR
Estimated Weekly Salary: 2,617 SAR per week
Estimated Hourly Salary: 65 SAR per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 131,120 SAREstimated Monthly Salary: 10,927 SAR
Estimated Weekly Salary: 2,522 SAR per week
Estimated Hourly Salary: 63 SAR per hour
Last revision of data: 2024-01-07Insurance Underwriter Commercial Property estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 33,924 USD
Estimated Monthly Salary: 2,827 USD
Estimated Weekly Salary: 652 USD per week
Estimated Hourly Salary: 16 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
Saudi Arabia, officially known as the Kingdom of Saudi Arabia, is a country located in the Middle East. With a population of approximately 34 million people, it is the 40th most populous country in the world. The nation covers an area of about 2.15 million square kilometers, making it the 13th largest country globally. Saudi Arabia is bordered by Jordan and Iraq to the north, Kuwait to the northeast, Qatar, Bahrain, and the United Arab Emirates to the east, Oman to the southeast, and Yemen to the south.
Estimated national average yearly salary is 103,462 SAR (27,590 USD). Value indicated is pre-tax. Below graph shows estimated Insurance Underwriter Commercial Property job salary compared to average salary in Saudi Arabia.
Comparison shows that a person working as Insurance Underwriter Commercial Property in Saudi Arabia earns on average:
1.32 times the average salary (or 132% of average salary).
Estimated national average yearly salary is 103,462 SAR (27,590 USD). Value indicated is pre-tax. Below graph shows estimated Insurance Underwriter Commercial Property job salary compared to average salary in Saudi Arabia.
Comparison shows that a person working as Insurance Underwriter Commercial Property in Saudi Arabia earns on average:
1.32 times the average salary (or 132% of average salary).
Is Insurance Underwriter Commercial Property a well paid job?
Yes, our data shows that Insurance Underwriter Commercial Property 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 Commercial Property?
High salary for Insurance Underwriter Commercial Property would be somewhere between 149,706 SAR and 197,339 SAR. However this is an estimation based on Gaussian Distribution.How much can you save working as Insurance Underwriter Commercial Property in Saudi Arabia?
Living in Saudi Arabia the approximate monthly expenses are: 1,104 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: 136,096 SAR
Estimated Monthly Salary: 11,341 SAR
Estimated Weekly Salary: 2,617 SAR per week
Estimated Hourly Salary: 65 SAR per hour
By working as Insurance Underwriter Commercial Property a person can save up to 1,723 USD per month or 20,681 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 Saudi Arabia, see costs of living in Saudi Arabia.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Jordan, Iraq, Kuwait, Qatar, Bahrain, United Arab Emirates, Oman, 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 Insurance Underwriter Commercial Property
Jordan is 11,712 USD
Iraq is 7,367 USD
Kuwait is 16,544 USD
Qatar is 86,702 USD
Bahrain is 21,885 USDUnited Arab Emirates is 60,056 USD 77%Details on Insurance Underwriter Commercial Property salary in United Arab Emirates
Oman is 11,136 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 Saudi Arabia
(1,155,796 SAR per year, pre-tax.)
2. Cardiologist
(962,048 SAR per year, pre-tax.)
(923,476 SAR per year, pre-tax.)
4. Neurosurgeon
(900,367 SAR per year, pre-tax.)
(897,041 SAR per year, pre-tax.)
(877,388 SAR per year, pre-tax.)
(874,133 SAR per year, pre-tax.)
(873,498 SAR per year, pre-tax.)
9. Urologist
(873,306 SAR per year, pre-tax.)
(872,951 SAR per year, pre-tax.)
Data as of 2025Random salary:
Air force airman basic air (57,428 SAR per year, pre-tax.)
Cable television installer (64,148 SAR per year, pre-tax.)
Aircraft cleaner (40,226 SAR per year, pre-tax.)
Top merchandising officer (385,916 SAR per year, pre-tax.)
Medical practice manager (138,367 SAR per year, pre-tax.)
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