Home > Salary > Singapore > Underwriter 2
An underwriter is a professional who assesses and evaluates risks associated with insurance policies or financial transactions. Underwriter 2 is a more experienced role within the field, typically responsible for reviewing and approving complex applications, negotiating terms and conditions, and ensuring compliance with company policies and regulations. They analyze data, such as financial statements and credit reports, to determine the level of risk involved in insuring an individual or organization. Underwriter 2s also collaborate with brokers and agents to gather additional information and provide guidance on suitable coverage options. Strong analytical skills, attention to detail, and the ability to make sound decisions are essential for this occupation. Effective communication and negotiation skills are also important when dealing with clients and stakeholders.
Estimated Yearly Salary: 146,025 SGD
Estimated Monthly Salary: 12,169 SGD
Estimated Weekly Salary: 2,808 SGD per week
Estimated Hourly Salary: 70 SGD per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 11,720 SGD
Estimated Weekly Salary: 2,705 SGD per week
Estimated Hourly Salary: 68 SGD per hour
Last revision of data: 2024-01-03
Estimated Yearly Salary: 72,863 USD
Estimated Monthly Salary: 6,072 USD
Estimated Weekly Salary: 1,401 USD per week
Estimated Hourly Salary: 35 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: 146,025 SGD
Estimated Monthly Salary: 12,169 SGD
Estimated Weekly Salary: 2,808 SGD per week
Estimated Hourly Salary: 70 SGD per hour
By working as Underwriter 2 a person can save up to 3,384 USD per month or 40,607 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 2
Last revision of data: 2025-01-04
Data as of 2025
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Underwriter 2 salary in Singapore
Average Yearly Salary of Underwriter 2 in Singapore is approximately 146,025 SGD (72,863 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 2 do?
An underwriter is a professional who assesses and evaluates risks associated with insurance policies or financial transactions. Underwriter 2 is a more experienced role within the field, typically responsible for reviewing and approving complex applications, negotiating terms and conditions, and ensuring compliance with company policies and regulations. They analyze data, such as financial statements and credit reports, to determine the level of risk involved in insuring an individual or organization. Underwriter 2s also collaborate with brokers and agents to gather additional information and provide guidance on suitable coverage options. Strong analytical skills, attention to detail, and the ability to make sound decisions are essential for this occupation. Effective communication and negotiation skills are also important when dealing with clients and stakeholders.
Skills: underwriter, risk assessment, insurance policies, financial transactions, compliance, analytical skills
Job industry: Insurance
Job industry: Insurance
How much does Underwriter 2 make?
Salary details
How much does Underwriter 2 make?Estimated Yearly Salary: 146,025 SGD
Estimated Monthly Salary: 12,169 SGD
Estimated Weekly Salary: 2,808 SGD per week
Estimated Hourly Salary: 70 SGD per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 140,636 SGDEstimated Monthly Salary: 11,720 SGD
Estimated Weekly Salary: 2,705 SGD per week
Estimated Hourly Salary: 68 SGD per hour
Last revision of data: 2024-01-03Underwriter 2 estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 72,863 USD
Estimated Monthly Salary: 6,072 USD
Estimated Weekly Salary: 1,401 USD per week
Estimated Hourly Salary: 35 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 2 job salary compared to average salary in Singapore.
Comparison shows that a person working as Underwriter 2 in Singapore earns on average:
1.53 times the average salary (or 153% 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 2 job salary compared to average salary in Singapore.
Comparison shows that a person working as Underwriter 2 in Singapore earns on average:
1.53 times the average salary (or 153% of average salary).
Is Underwriter 2 a well paid job?
Yes, our data shows that Underwriter 2 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 2?
High salary for Underwriter 2 would be somewhere between 160,628 SGD and 211,736 SGD. However this is an estimation based on Gaussian Distribution.How much can you save working as Underwriter 2 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: 146,025 SGD
Estimated Monthly Salary: 12,169 SGD
Estimated Weekly Salary: 2,808 SGD per week
Estimated Hourly Salary: 70 SGD per hour
By working as Underwriter 2 a person can save up to 3,384 USD per month or 40,607 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 2
Malaysia is 19,275 USD
Indonesia is 11,438 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
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7. Oncologist
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Data as of 2025Random salary:
Real estate property management (136,182 SGD per year, pre-tax.)
Research technician (106,065 SGD per year, pre-tax.)
Ux research assistant (107,776 SGD per year, pre-tax.)
Water treatment plant laboratory technician (52,251 SGD per year, pre-tax.)
Loan assistant (55,319 SGD per year, pre-tax.)
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