Home > Salary > Singapore > 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: 128,700 SGD
Estimated Monthly Salary: 10,725 SGD
Estimated Weekly Salary: 2,475 SGD per week
Estimated Hourly Salary: 62 SGD per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 10,377 SGD
Estimated Weekly Salary: 2,395 SGD per week
Estimated Hourly Salary: 60 SGD per hour
Last revision of data: 2024-01-08
Estimated Yearly Salary: 64,677 USD
Estimated Monthly Salary: 5,390 USD
Estimated Weekly Salary: 1,244 USD per week
Estimated Hourly Salary: 31 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: 128,700 SGD
Estimated Monthly Salary: 10,725 SGD
Estimated Weekly Salary: 2,475 SGD per week
Estimated Hourly Salary: 62 SGD per hour
By working as Underwriter 1 a person can save up to 2,702 USD per month or 32,421 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 1
Last revision of data: 2025-01-04
Data as of 2025
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Underwriter 1 salary in Singapore
Average Yearly Salary of Underwriter 1 in Singapore is approximately 128,700 SGD (64,677 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: 128,700 SGD
Estimated Monthly Salary: 10,725 SGD
Estimated Weekly Salary: 2,475 SGD per week
Estimated Hourly Salary: 62 SGD per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 124,522 SGDEstimated Monthly Salary: 10,377 SGD
Estimated Weekly Salary: 2,395 SGD per week
Estimated Hourly Salary: 60 SGD 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: 64,677 USD
Estimated Monthly Salary: 5,390 USD
Estimated Weekly Salary: 1,244 USD per week
Estimated Hourly Salary: 31 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
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 1 job salary compared to average salary in Singapore.
Comparison shows that a person working as Underwriter 1 in Singapore earns on average:
1.35 times the average salary (or 135% 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 1 job salary compared to average salary in Singapore.
Comparison shows that a person working as Underwriter 1 in Singapore earns on average:
1.35 times the average salary (or 135% of average salary).
Is Underwriter 1 a well paid job?
Yes, our data shows that Underwriter 1 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 1?
High salary for Underwriter 1 would be somewhere between 141,570 SGD and 186,615 SGD. However this is an estimation based on Gaussian Distribution.How much can you save working as Underwriter 1 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: 128,700 SGD
Estimated Monthly Salary: 10,725 SGD
Estimated Weekly Salary: 2,475 SGD per week
Estimated Hourly Salary: 62 SGD per hour
By working as Underwriter 1 a person can save up to 2,702 USD per month or 32,421 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 1
Malaysia is 17,065 USD
Indonesia is 10,130 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
(1,169,524 SGD per year, pre-tax.)
(1,129,281 SGD per year, pre-tax.)
(1,093,464 SGD per year, pre-tax.)
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.)
(1,066,002 SGD per year, pre-tax.)
(1,063,823 SGD per year, pre-tax.)
(1,063,241 SGD per year, pre-tax.)
Data as of 2025Random salary:
Bailiff (90,828 SGD per year, pre-tax.)
Operations analyst call center (65,810 SGD per year, pre-tax.)
Deckhand (48,642 SGD per year, pre-tax.)
Human resources (hr), administrator (130,382 SGD per year, pre-tax.)
Certified dietary manager (58,150 SGD per year, pre-tax.)
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