Home > Salary > Saudi Arabia > Underwriter Ii
An Underwriter II is a professional responsible for evaluating and assessing the risk associated with insurance applications. They review and analyze complex insurance policies, applications, and claims to determine the appropriate coverage and premium rates. Underwriter IIs also assess the financial status, credit history, and other relevant factors of the applicants to make informed decisions on whether to accept or reject insurance applications. They work closely with insurance agents and brokers to gather necessary information and ensure compliance with underwriting guidelines and regulations. Additionally, they may negotiate terms and conditions with clients and provide recommendations for risk mitigation strategies. Strong analytical skills, attention to detail, and knowledge of insurance policies and regulations are essential for this role.
Estimated Yearly Salary: 104,311 SAR
Estimated Monthly Salary: 8,693 SAR
Estimated Weekly Salary: 2,006 SAR per week
Estimated Hourly Salary: 50 SAR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 8,420 SAR
Estimated Weekly Salary: 1,943 SAR per week
Estimated Hourly Salary: 49 SAR per hour
Last revision of data: 2024-01-08
Estimated Yearly Salary: 26,081 USD
Estimated Monthly Salary: 2,173 USD
Estimated Weekly Salary: 502 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: 104,311 SAR
Estimated Monthly Salary: 8,693 SAR
Estimated Weekly Salary: 2,006 SAR per week
Estimated Hourly Salary: 50 SAR per hour
By working as Underwriter Ii a person can save up to 1,070 USD per month or 12,838 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 Ii
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
Trust administrative assistant (85,753 SAR per year, pre-tax.)
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Neurophysiologic intraoperative monitoring technologist (113,809 SAR per year, pre-tax.)
Clinical geneticist (252,616 SAR per year, pre-tax.)
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Underwriter Ii salary in Saudi Arabia
Average Yearly Salary of Underwriter Ii in Saudi Arabia is approximately 104,311 SAR (26,081 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 Ii do?
An Underwriter II is a professional responsible for evaluating and assessing the risk associated with insurance applications. They review and analyze complex insurance policies, applications, and claims to determine the appropriate coverage and premium rates. Underwriter IIs also assess the financial status, credit history, and other relevant factors of the applicants to make informed decisions on whether to accept or reject insurance applications. They work closely with insurance agents and brokers to gather necessary information and ensure compliance with underwriting guidelines and regulations. Additionally, they may negotiate terms and conditions with clients and provide recommendations for risk mitigation strategies. Strong analytical skills, attention to detail, and knowledge of insurance policies and regulations are essential for this role.
Skills: Underwriter II, Insurance Underwriting, Risk Assessment, Financial Analysis, Policy Evaluation, Compliance Management
Job industry: Insurance
Job industry: Insurance
How much does Underwriter Ii make?
Salary details
How much does Underwriter Ii make?Estimated Yearly Salary: 104,311 SAR
Estimated Monthly Salary: 8,693 SAR
Estimated Weekly Salary: 2,006 SAR per week
Estimated Hourly Salary: 50 SAR per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 101,044 SAREstimated Monthly Salary: 8,420 SAR
Estimated Weekly Salary: 1,943 SAR per week
Estimated Hourly Salary: 49 SAR per hour
Last revision of data: 2024-01-08Underwriter Ii estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 26,081 USD
Estimated Monthly Salary: 2,173 USD
Estimated Weekly Salary: 502 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
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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 Ii job salary compared to average salary in Saudi Arabia.
Comparison shows that a person working as Underwriter Ii in Saudi Arabia earns on average:
1.01 times the average salary (or 101% 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 Ii job salary compared to average salary in Saudi Arabia.
Comparison shows that a person working as Underwriter Ii in Saudi Arabia earns on average:
1.01 times the average salary (or 101% of average salary).
Is Underwriter Ii a well paid job?
Yes, our data show that Underwriter Ii 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 Ii?
High salary for Underwriter Ii would be somewhere between 114,742 SAR and 151,251 SAR. However this is an estimation based on Gaussian Distribution.How much can you save working as Underwriter Ii 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: 104,311 SAR
Estimated Monthly Salary: 8,693 SAR
Estimated Weekly Salary: 2,006 SAR per week
Estimated Hourly Salary: 50 SAR per hour
By working as Underwriter Ii a person can save up to 1,070 USD per month or 12,838 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 Ii
Jordan is 8,990 USD
Iraq is 5,667 USD
Kuwait is 12,691 USD
Qatar is 66,558 USD
Bahrain is 16,873 USD
United Arab Emirates is 46,562 USD
Oman is 8,590 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:
Trust administrative assistant (85,753 SAR per year, pre-tax.)
Aerospace engineering and operations technician (76,794 SAR per year, pre-tax.)
Neurophysiologic intraoperative monitoring technologist (113,809 SAR per year, pre-tax.)
Clinical geneticist (252,616 SAR per year, pre-tax.)
Dockworker (79,392 SAR per year, pre-tax.)
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