Home > Salary > Singapore > Underwriter Iii
The occupation of an Underwriter III involves assessing and evaluating insurance applications to determine the risk level and appropriate coverage for clients. Underwriters III typically work with complex and high-value policies, such as commercial or specialty insurance. They review various factors, including financial statements, industry trends, and claims history, to make informed decisions on policy approvals, terms, and pricing. Underwriter III also collaborate with brokers, agents, and other professionals to gather necessary information and provide recommendations on risk management strategies. They may negotiate terms and conditions with clients and ensure compliance with underwriting guidelines and regulations. Strong analytical skills, attention to detail, and knowledge of insurance products and industry trends are essential for this role.
Estimated Yearly Salary: 191,487 SGD
Estimated Monthly Salary: 15,957 SGD
Estimated Weekly Salary: 3,682 SGD per week
Estimated Hourly Salary: 92 SGD per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 15,382 SGD
Estimated Weekly Salary: 3,550 SGD per week
Estimated Hourly Salary: 89 SGD per hour
Last revision of data: 2024-01-06
Estimated Yearly Salary: 95,398 USD
Estimated Monthly Salary: 7,950 USD
Estimated Weekly Salary: 1,835 USD per week
Estimated Hourly Salary: 46 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: 191,487 SGD
Estimated Monthly Salary: 15,957 SGD
Estimated Weekly Salary: 3,682 SGD per week
Estimated Hourly Salary: 92 SGD per hour
By working as Underwriter Iii a person can save up to 5,262 USD per month or 63,142 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 Iii
Last revision of data: 2025-01-04
Data as of 2025
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Underwriter Iii salary in Singapore
Average Yearly Salary of Underwriter Iii in Singapore is approximately 191,487 SGD (95,398 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 Iii do?
The occupation of an Underwriter III involves assessing and evaluating insurance applications to determine the risk level and appropriate coverage for clients. Underwriters III typically work with complex and high-value policies, such as commercial or specialty insurance. They review various factors, including financial statements, industry trends, and claims history, to make informed decisions on policy approvals, terms, and pricing. Underwriter III also collaborate with brokers, agents, and other professionals to gather necessary information and provide recommendations on risk management strategies. They may negotiate terms and conditions with clients and ensure compliance with underwriting guidelines and regulations. Strong analytical skills, attention to detail, and knowledge of insurance products and industry trends are essential for this role.
Skills: Underwriter III, Insurance, Risk assessment, Policy evaluation, Analytical skills, Compliance, Specialty insurance.
Job industry: Insurance
Job industry: Insurance
How much does Underwriter Iii make?
Salary details
How much does Underwriter Iii make?Estimated Yearly Salary: 191,487 SGD
Estimated Monthly Salary: 15,957 SGD
Estimated Weekly Salary: 3,682 SGD per week
Estimated Hourly Salary: 92 SGD per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 184,584 SGDEstimated Monthly Salary: 15,382 SGD
Estimated Weekly Salary: 3,550 SGD per week
Estimated Hourly Salary: 89 SGD per hour
Last revision of data: 2024-01-06Underwriter Iii estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 95,398 USD
Estimated Monthly Salary: 7,950 USD
Estimated Weekly Salary: 1,835 USD per week
Estimated Hourly Salary: 46 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 Iii job salary compared to average salary in Singapore.
Comparison shows that a person working as Underwriter Iii in Singapore earns on average:
2.01 times the average salary (or 201% 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 Iii job salary compared to average salary in Singapore.
Comparison shows that a person working as Underwriter Iii in Singapore earns on average:
2.01 times the average salary (or 201% of average salary).
Is Underwriter Iii a well paid job?
Yes, our data show that Underwriter Iii is a very 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 Iii?
High salary for Underwriter Iii would be somewhere between 210,636 SGD and 277,656 SGD. However this is an estimation based on Gaussian Distribution.How much can you save working as Underwriter Iii 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: 191,487 SGD
Estimated Monthly Salary: 15,957 SGD
Estimated Weekly Salary: 3,682 SGD per week
Estimated Hourly Salary: 92 SGD per hour
By working as Underwriter Iii a person can save up to 5,262 USD per month or 63,142 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 Iii
Malaysia is 25,309 USD
Indonesia is 15,016 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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5. Neurosurgeon
(1,091,467 SGD per year, pre-tax.)
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7. Oncologist
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Data as of 2025Random salary:
Regional marketing manager (114,614 SGD per year, pre-tax.)
Layup worker fiberglass (80,572 SGD per year, pre-tax.)
Associate auditor (97,284 SGD per year, pre-tax.)
Compensation benefits or job analysis specialist (99,192 SGD per year, pre-tax.)
Plastic extruder operator (84,968 SGD per year, pre-tax.)
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