Home > Salary > Saudi Arabia > 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: 190,432 SAR
Estimated Monthly Salary: 15,869 SAR
Estimated Weekly Salary: 3,662 SAR per week
Estimated Hourly Salary: 92 SAR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 15,337 SAR
Estimated Weekly Salary: 3,539 SAR per week
Estimated Hourly Salary: 88 SAR per hour
Last revision of data: 2024-01-09
Estimated Yearly Salary: 47,626 USD
Estimated Monthly Salary: 3,969 USD
Estimated Weekly Salary: 916 USD per week
Estimated Hourly Salary: 23 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: 190,432 SAR
Estimated Monthly Salary: 15,869 SAR
Estimated Weekly Salary: 3,662 SAR per week
Estimated Hourly Salary: 92 SAR per hour
By working as Underwriting Team Lead a person can save up to 2,865 USD per month or 34,383 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 Team Lead
United Arab Emirates is 84,317 USD 77%
Details on Underwriting Team Lead salary in United Arab Emirates Last revision of data: 2025-01-04
Data as of 2025
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Underwriting Team Lead salary in Saudi Arabia
Average Yearly Salary of Underwriting Team Lead in Saudi Arabia is approximately 190,432 SAR (47,626 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: 190,432 SAR
Estimated Monthly Salary: 15,869 SAR
Estimated Weekly Salary: 3,662 SAR per week
Estimated Hourly Salary: 92 SAR per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 184,048 SAREstimated Monthly Salary: 15,337 SAR
Estimated Weekly Salary: 3,539 SAR per week
Estimated Hourly Salary: 88 SAR per hour
Last revision of data: 2024-01-09Underwriting Team Lead estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 47,626 USD
Estimated Monthly Salary: 3,969 USD
Estimated Weekly Salary: 916 USD per week
Estimated Hourly Salary: 23 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 Underwriting Team Lead job salary compared to average salary in Saudi Arabia.
Comparison shows that a person working as Underwriting Team Lead in Saudi Arabia earns on average:
1.84 times the average salary (or 184% 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 Team Lead job salary compared to average salary in Saudi Arabia.
Comparison shows that a person working as Underwriting Team Lead in Saudi Arabia earns on average:
1.84 times the average salary (or 184% 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 209,475 SAR and 276,126 SAR. However this is an estimation based on Gaussian Distribution.How much can you save working as Underwriting Team Lead 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: 190,432 SAR
Estimated Monthly Salary: 15,869 SAR
Estimated Weekly Salary: 3,662 SAR per week
Estimated Hourly Salary: 92 SAR per hour
By working as Underwriting Team Lead a person can save up to 2,865 USD per month or 34,383 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 Team Lead
Jordan is 16,405 USD
Iraq is 10,381 USD
Kuwait is 23,114 USD
Qatar is 121,491 USD
Bahrain is 30,838 USDUnited Arab Emirates is 84,317 USD 77%Details on Underwriting Team Lead salary in United Arab Emirates
Oman is 15,628 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:
Busboygirl (37,245 SAR per year, pre-tax.)
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Certified mastectomy fitter (60,008 SAR per year, pre-tax.)
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