Home > Salary > Singapore > Underwriter Analyst
An underwriter analyst is a professional who evaluates and assesses insurance applications to determine the risks involved in providing coverage. They analyze the information provided by applicants, such as medical history, financial records, and other relevant data, to make informed decisions regarding insurance coverage. Underwriter analysts use their expertise to evaluate the potential risks associated with insuring individuals or businesses and determine appropriate premiums and coverage limits.
The job requires strong analytical skills to interpret complex data and assess risk accurately. Attention to detail is crucial to ensure that all relevant information is considered during the evaluation process. Effective communication skills are also necessary to interact with clients, insurance agents, and other professionals within the industry. Underwriter analysts must stay updated on industry trends and regulations to make informed decisions and provide the best possible service to clients.
Estimated Yearly Salary: 130,395 SGD
Estimated Monthly Salary: 10,866 SGD
Estimated Weekly Salary: 2,508 SGD per week
Estimated Hourly Salary: 63 SGD per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 10,499 SGD
Estimated Weekly Salary: 2,423 SGD per week
Estimated Hourly Salary: 61 SGD per hour
Last revision of data: 2024-01-03
Estimated Yearly Salary: 65,224 USD
Estimated Monthly Salary: 5,435 USD
Estimated Weekly Salary: 1,254 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: 130,395 SGD
Estimated Monthly Salary: 10,866 SGD
Estimated Weekly Salary: 2,508 SGD per week
Estimated Hourly Salary: 63 SGD per hour
By working as Underwriter Analyst a person can save up to 2,747 USD per month or 32,968 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 Analyst
Last revision of data: 2025-01-04
Data as of 2025
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Underwriter Analyst salary in Singapore
Average Yearly Salary of Underwriter Analyst in Singapore is approximately 130,395 SGD (65,224 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 Analyst do?
An underwriter analyst is a professional who evaluates and assesses insurance applications to determine the risks involved in providing coverage. They analyze the information provided by applicants, such as medical history, financial records, and other relevant data, to make informed decisions regarding insurance coverage. Underwriter analysts use their expertise to evaluate the potential risks associated with insuring individuals or businesses and determine appropriate premiums and coverage limits.
The job requires strong analytical skills to interpret complex data and assess risk accurately. Attention to detail is crucial to ensure that all relevant information is considered during the evaluation process. Effective communication skills are also necessary to interact with clients, insurance agents, and other professionals within the industry. Underwriter analysts must stay updated on industry trends and regulations to make informed decisions and provide the best possible service to clients.
Skills: underwriter analyst, insurance, risk assessment, data analysis, analytical skills, attention to detail, communication skills.
Job industry: Insurance
Job industry: Insurance
How much does Underwriter Analyst make?
Salary details
How much does Underwriter Analyst make?Estimated Yearly Salary: 130,395 SGD
Estimated Monthly Salary: 10,866 SGD
Estimated Weekly Salary: 2,508 SGD per week
Estimated Hourly Salary: 63 SGD per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 125,986 SGDEstimated Monthly Salary: 10,499 SGD
Estimated Weekly Salary: 2,423 SGD per week
Estimated Hourly Salary: 61 SGD per hour
Last revision of data: 2024-01-03Underwriter Analyst estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 65,224 USD
Estimated Monthly Salary: 5,435 USD
Estimated Weekly Salary: 1,254 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 Analyst job salary compared to average salary in Singapore.
Comparison shows that a person working as Underwriter Analyst in Singapore earns on average:
1.37 times the average salary (or 137% 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 Analyst job salary compared to average salary in Singapore.
Comparison shows that a person working as Underwriter Analyst in Singapore earns on average:
1.37 times the average salary (or 137% of average salary).
Is Underwriter Analyst a well paid job?
Yes, our data shows that Underwriter Analyst 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 Analyst?
High salary for Underwriter Analyst would be somewhere between 143,435 SGD and 189,073 SGD. However this is an estimation based on Gaussian Distribution.How much can you save working as Underwriter Analyst 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: 130,395 SGD
Estimated Monthly Salary: 10,866 SGD
Estimated Weekly Salary: 2,508 SGD per week
Estimated Hourly Salary: 63 SGD per hour
By working as Underwriter Analyst a person can save up to 2,747 USD per month or 32,968 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 Analyst
Malaysia is 17,227 USD
Indonesia is 10,247 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:
National accounts director (325,222 SGD per year, pre-tax.)
Catering assistant (39,609 SGD per year, pre-tax.)
Training development director (249,044 SGD per year, pre-tax.)
Highway maintenance worker (100,149 SGD per year, pre-tax.)
Quality assurance laboratory technician (62,949 SGD per year, pre-tax.)
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