Home > Salary > Saudi Arabia > Underwriting Specialist
An underwriting specialist is a professional responsible for assessing and evaluating risks associated with insurance policies and determining the appropriate coverage and premiums. They analyze applications, review financial documents, and conduct research to gather necessary information to make informed decisions. Underwriting specialists work closely with agents and brokers to understand client needs and ensure compliance with underwriting guidelines and regulations. They also collaborate with other departments, such as claims and legal, to resolve complex issues and provide support in policy renewals and modifications. Strong analytical skills, attention to detail, and the ability to make sound judgments are essential for success in this occupation.
Estimated Yearly Salary: 136,774 SAR
Estimated Monthly Salary: 11,398 SAR
Estimated Weekly Salary: 2,630 SAR per week
Estimated Hourly Salary: 66 SAR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 11,027 SAR
Estimated Weekly Salary: 2,545 SAR per week
Estimated Hourly Salary: 64 SAR per hour
Last revision of data: 2024-01-08
Estimated Yearly Salary: 34,313 USD
Estimated Monthly Salary: 2,859 USD
Estimated Weekly Salary: 660 USD per week
Estimated Hourly Salary: 16 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: 136,774 SAR
Estimated Monthly Salary: 11,398 SAR
Estimated Weekly Salary: 2,630 SAR per week
Estimated Hourly Salary: 66 SAR per hour
By working as Underwriting Specialist a person can save up to 1,756 USD per month or 21,070 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 Underwriting Specialist
United Arab Emirates is 60,869 USD 77%
Details on Underwriting Specialist salary in United Arab Emirates Last revision of data: 2025-01-04
Data as of 2025
Random salary:
Circulation manager newspaper (78,192 SAR per year, pre-tax.)
Hr payroll clerk (53,023 SAR per year, pre-tax.)
Multimedia editor (78,619 SAR per year, pre-tax.)
Bw developer (133,466 SAR per year, pre-tax.)
Maintenance repair and operations (mro), buyer (95,186 SAR per year, pre-tax.)
Underwriting Specialist salary in Saudi Arabia
Average Yearly Salary of Underwriting Specialist in Saudi Arabia is approximately 136,774 SAR (34,313 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 Specialist do?
An underwriting specialist is a professional responsible for assessing and evaluating risks associated with insurance policies and determining the appropriate coverage and premiums. They analyze applications, review financial documents, and conduct research to gather necessary information to make informed decisions. Underwriting specialists work closely with agents and brokers to understand client needs and ensure compliance with underwriting guidelines and regulations. They also collaborate with other departments, such as claims and legal, to resolve complex issues and provide support in policy renewals and modifications. Strong analytical skills, attention to detail, and the ability to make sound judgments are essential for success in this occupation.
Skills: underwriting specialist, risk assessment, insurance policies, premium determination, compliance, analytical skills
Job industry: Insurance
Job industry: Insurance
How much does Underwriting Specialist make?
Salary details
How much does Underwriting Specialist make?Estimated Yearly Salary: 136,774 SAR
Estimated Monthly Salary: 11,398 SAR
Estimated Weekly Salary: 2,630 SAR per week
Estimated Hourly Salary: 66 SAR per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 132,320 SAREstimated Monthly Salary: 11,027 SAR
Estimated Weekly Salary: 2,545 SAR per week
Estimated Hourly Salary: 64 SAR per hour
Last revision of data: 2024-01-08Underwriting Specialist estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 34,313 USD
Estimated Monthly Salary: 2,859 USD
Estimated Weekly Salary: 660 USD per week
Estimated Hourly Salary: 16 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
Please type in your occupation and select desired country to see latest trends in salaries.
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 Underwriting Specialist job salary compared to average salary in Saudi Arabia.
Comparison shows that a person working as Underwriting Specialist 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 Underwriting Specialist job salary compared to average salary in Saudi Arabia.
Comparison shows that a person working as Underwriting Specialist in Saudi Arabia earns on average:
1.32 times the average salary (or 132% of average salary).
Is Underwriting Specialist a well paid job?
Yes, our data shows that Underwriting Specialist 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 Specialist?
High salary for Underwriting Specialist would be somewhere between 150,451 SAR and 198,322 SAR. However this is an estimation based on Gaussian Distribution.How much can you save working as Underwriting Specialist 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: 136,774 SAR
Estimated Monthly Salary: 11,398 SAR
Estimated Weekly Salary: 2,630 SAR per week
Estimated Hourly Salary: 66 SAR per hour
By working as Underwriting Specialist a person can save up to 1,756 USD per month or 21,070 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 Underwriting Specialist
Jordan is 11,830 USD
Iraq is 7,461 USD
Kuwait is 16,698 USD
Qatar is 87,816 USD
Bahrain is 22,219 USDUnited Arab Emirates is 60,869 USD 77%Details on Underwriting Specialist salary in United Arab Emirates
Oman is 11,278 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:
Circulation manager newspaper (78,192 SAR per year, pre-tax.)
Hr payroll clerk (53,023 SAR per year, pre-tax.)
Multimedia editor (78,619 SAR per year, pre-tax.)
Bw developer (133,466 SAR per year, pre-tax.)
Maintenance repair and operations (mro), buyer (95,186 SAR per year, pre-tax.)
Feedback about these results
Please provide feedback by clicking buttons below if you find any of our salaries erroneous.
Link to this graph - use the following code to display the salary graph on your page:
<a href='https://optisalary.com/salary?country=saudi-arabia&job=underwriting-specialist'><img src='https://optisalary.com/wp-content/graphs/salary/underwriting-specialist-salary-in-saudi-arabia-2025.jpg' alt='underwriting specialist salary in saudi arabia 2025' title='underwriting specialist salary in saudi arabia 2025' /></a>
Please note:The salary figures presented here are intended for reference purposes solely.
Salary information displayed on this site is for reference only. Our figures are compiled various inputs, but we do not guarantee absolute correctness. Users must always double-check salary details with additional platforms before making job-related decisions. Salaries differ due to economic trends, job location, and negotiation skills. We make no assurances about the validity of the provided salary data. By continuing to use this site, you acknowledge these terms.
This website compiles salary information for educational purposes exclusively. While we endeavor to present correct figures, we do not ensure their absolute precision. Users are strongly advised to consult other databases before finalizing financial decisions. Salary figures vary based on multiple factors, such as industry trends, negotiation power, and regional demand. We make no guarantees as to the validity of the listed information. Your access of this site indicates acceptance of this disclaimer.