Home > Salary > Saudi Arabia > Underwriter 1
An underwriter is a professional who assesses and evaluates insurance applications to determine the level of risk involved in insuring individuals or organizations. They analyze various factors such as the applicant's health, financial status, and potential risks associated with the policy. Underwriters use this information to calculate premiums and decide whether to accept or reject an insurance application. They also ensure that the policies comply with legal and regulatory requirements.
Estimated Yearly Salary: 105,735 SAR
Estimated Monthly Salary: 8,811 SAR
Estimated Weekly Salary: 2,033 SAR per week
Estimated Hourly Salary: 51 SAR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 8,521 SAR
Estimated Weekly Salary: 1,966 SAR per week
Estimated Hourly Salary: 49 SAR per hour
Last revision of data: 2024-01-08
Estimated Yearly Salary: 26,498 USD
Estimated Monthly Salary: 2,208 USD
Estimated Weekly Salary: 510 USD per week
Estimated Hourly Salary: 13 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: 105,735 SAR
Estimated Monthly Salary: 8,811 SAR
Estimated Weekly Salary: 2,033 SAR per week
Estimated Hourly Salary: 51 SAR per hour
By working as Underwriter 1 a person can save up to 1,105 USD per month or 13,255 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 Underwriter 1
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
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Underwriter 1 salary in Saudi Arabia
Average Yearly Salary of Underwriter 1 in Saudi Arabia is approximately 105,735 SAR (26,498 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 Underwriter 1 do?
An underwriter is a professional who assesses and evaluates insurance applications to determine the level of risk involved in insuring individuals or organizations. They analyze various factors such as the applicant's health, financial status, and potential risks associated with the policy. Underwriters use this information to calculate premiums and decide whether to accept or reject an insurance application. They also ensure that the policies comply with legal and regulatory requirements.
Skills: Underwriter, Risk assessment, Insurance industry, Financial analysis, Policy evaluation, Premium calculation
Job industry: Finance
Job industry: Finance
How much does Underwriter 1 make?
Salary details
How much does Underwriter 1 make?Estimated Yearly Salary: 105,735 SAR
Estimated Monthly Salary: 8,811 SAR
Estimated Weekly Salary: 2,033 SAR per week
Estimated Hourly Salary: 51 SAR per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 102,248 SAREstimated Monthly Salary: 8,521 SAR
Estimated Weekly Salary: 1,966 SAR per week
Estimated Hourly Salary: 49 SAR per hour
Last revision of data: 2024-01-08Underwriter 1 estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 26,498 USD
Estimated Monthly Salary: 2,208 USD
Estimated Weekly Salary: 510 USD per week
Estimated Hourly Salary: 13 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
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 Underwriter 1 job salary compared to average salary in Saudi Arabia.
Comparison shows that a person working as Underwriter 1 in Saudi Arabia earns on average:
1.02 times the average salary (or 102% of average salary).
Estimated national average yearly salary is 103,462 SAR (27,590 USD). Value indicated is pre-tax. Below graph shows estimated Underwriter 1 job salary compared to average salary in Saudi Arabia.
Comparison shows that a person working as Underwriter 1 in Saudi Arabia earns on average:
1.02 times the average salary (or 102% of average salary).
Is Underwriter 1 a well paid job?
Yes, our data show that Underwriter 1 is an averagely well paid job that still allows for some yearly savings. With years and experience the salary might increase even further, resulting in higher satisfaction.What is considered a high salary for Underwriter 1?
High salary for Underwriter 1 would be somewhere between 116,309 SAR and 153,316 SAR. However this is an estimation based on Gaussian Distribution.How much can you save working as Underwriter 1 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: 105,735 SAR
Estimated Monthly Salary: 8,811 SAR
Estimated Weekly Salary: 2,033 SAR per week
Estimated Hourly Salary: 51 SAR per hour
By working as Underwriter 1 a person can save up to 1,105 USD per month or 13,255 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 Underwriter 1
Jordan is 9,118 USD
Iraq is 5,765 USD
Kuwait is 12,837 USD
Qatar is 67,838 USD
Bahrain is 17,163 USD
United Arab Emirates is 46,986 USD
Oman is 8,675 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:
Computer hardware technician (74,580 SAR per year, pre-tax.)
Import specialist (110,668 SAR per year, pre-tax.)
Orthodontic receptionist (72,013 SAR per year, pre-tax.)
Online media analyst (109,939 SAR per year, pre-tax.)
Lead instrument engineer (322,653 SAR per year, pre-tax.)
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