Home > Salary > Singapore > Underwriter
An underwriter is a professional responsible for assessing and evaluating risks associated with insurance policies, loans, or investments. They analyze and review various factors such as financial statements, credit history, property appraisals, and market trends to determine the level of risk involved. Underwriters use this information to decide whether to approve or reject applications for insurance coverage or loans, and also to set appropriate terms and conditions. They play a crucial role in ensuring that businesses and individuals receive fair and accurate coverage or financing based on their risk profile. Strong analytical skills, attention to detail, and knowledge of industry regulations are essential for underwriters to make informed decisions. The occupation requires effective communication and negotiation skills to work with clients, agents, and other professionals in the industry.
Estimated Yearly Salary: 163,846 SGD
Estimated Monthly Salary: 13,654 SGD
Estimated Weekly Salary: 3,151 SGD per week
Estimated Hourly Salary: 79 SGD per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 13,185 SGD
Estimated Weekly Salary: 3,043 SGD per week
Estimated Hourly Salary: 76 SGD per hour
Last revision of data: 2024-01-06
Estimated Yearly Salary: 81,692 USD
Estimated Monthly Salary: 6,808 USD
Estimated Weekly Salary: 1,571 USD per week
Estimated Hourly Salary: 39 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: 163,846 SGD
Estimated Monthly Salary: 13,654 SGD
Estimated Weekly Salary: 3,151 SGD per week
Estimated Hourly Salary: 79 SGD per hour
By working as Underwriter a person can save up to 4,120 USD per month or 49,436 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 Singapore, see costs of living in Singapore.
Estimated Yearly Salary for Underwriter
Last revision of data: 2025-01-04
Data as of 2025
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Underwriter salary in Singapore
Average Yearly Salary of Underwriter in Singapore is approximately 163,846 SGD (81,692 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 do?
An underwriter is a professional responsible for assessing and evaluating risks associated with insurance policies, loans, or investments. They analyze and review various factors such as financial statements, credit history, property appraisals, and market trends to determine the level of risk involved. Underwriters use this information to decide whether to approve or reject applications for insurance coverage or loans, and also to set appropriate terms and conditions. They play a crucial role in ensuring that businesses and individuals receive fair and accurate coverage or financing based on their risk profile. Strong analytical skills, attention to detail, and knowledge of industry regulations are essential for underwriters to make informed decisions. The occupation requires effective communication and negotiation skills to work with clients, agents, and other professionals in the industry.
Skills: underwriter, risk assessment, insurance, loans, investments, financial analysis
Job industry: Insurance
Job industry: Insurance
How much does Underwriter make?
Salary details
How much does Underwriter make?Estimated Yearly Salary: 163,846 SGD
Estimated Monthly Salary: 13,654 SGD
Estimated Weekly Salary: 3,151 SGD per week
Estimated Hourly Salary: 79 SGD per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 158,216 SGDEstimated Monthly Salary: 13,185 SGD
Estimated Weekly Salary: 3,043 SGD per week
Estimated Hourly Salary: 76 SGD per hour
Last revision of data: 2024-01-06Underwriter estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 81,692 USD
Estimated Monthly Salary: 6,808 USD
Estimated Weekly Salary: 1,571 USD per week
Estimated Hourly Salary: 39 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
Compare salary to other countries
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Country:
Salary comparison to National average
Singapore is a vibrant and cosmopolitan city-state located in Southeast Asia. With a population of approximately 5.7 million people, it is one of the most densely populated countries in the world. Despite its small size, measuring only 719 square kilometers, Singapore has become a global hub for trade, finance, and tourism.
Estimated national average yearly salary is 95,377 SGD (67,200 USD). Value indicated is pre-tax. Below graph shows estimated Underwriter job salary compared to average salary in Singapore.
Comparison shows that a person working as Underwriter in Singapore earns on average:
1.72 times the average salary (or 172% of average salary).
Estimated national average yearly salary is 95,377 SGD (67,200 USD). Value indicated is pre-tax. Below graph shows estimated Underwriter job salary compared to average salary in Singapore.
Comparison shows that a person working as Underwriter in Singapore earns on average:
1.72 times the average salary (or 172% of average salary).
Is Underwriter a well paid job?
Yes, our data shows that Underwriter 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 Underwriter?
High salary for Underwriter would be somewhere between 180,231 SGD and 237,577 SGD. However this is an estimation based on Gaussian Distribution.How much can you save working as Underwriter in Singapore?
Living in Singapore the approximate monthly expenses are: 2,688 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: 163,846 SGD
Estimated Monthly Salary: 13,654 SGD
Estimated Weekly Salary: 3,151 SGD per week
Estimated Hourly Salary: 79 SGD per hour
By working as Underwriter a person can save up to 4,120 USD per month or 49,436 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 Singapore, see costs of living in Singapore.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Malaysia, Indonesia. 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
Malaysia is 21,676 USD
Indonesia is 12,858 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 Singapore
(1,400,313 SGD per year, pre-tax.)
2. Cardiologist
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5. Neurosurgeon
(1,091,467 SGD per year, pre-tax.)
(1,068,249 SGD per year, pre-tax.)
7. Oncologist
(1,067,130 SGD per year, pre-tax.)
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Data as of 2025Random salary:
Producer-director tvcable broadcast (91,860 SGD per year, pre-tax.)
Utility analyst (130,626 SGD per year, pre-tax.)
Water meter repairer (61,521 SGD per year, pre-tax.)
Speech paraprofessional (68,854 SGD per year, pre-tax.)
Horse trainer (46,351 SGD per year, pre-tax.)
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