Home > Salary > Singapore > Underwriting Analyst
An underwriting analyst is responsible for assessing and evaluating insurance applications to determine the level of risk involved in providing coverage. They analyze various factors such as financial statements, credit history, and industry trends to make informed decisions on whether to approve or deny insurance policies. Underwriting analysts also calculate premiums based on risk assessment and ensure compliance with company guidelines and regulations.
The job requires strong analytical skills and attention to detail, as well as the ability to effectively communicate findings and recommendations to other stakeholders. Underwriting analysts must stay updated on industry trends and regulations to accurately assess risk and make informed decisions. They work closely with underwriters, insurance agents, and clients to gather necessary information and provide support throughout the underwriting process.
Estimated Yearly Salary: 134,963 SGD
Estimated Monthly Salary: 11,247 SGD
Estimated Weekly Salary: 2,595 SGD per week
Estimated Hourly Salary: 65 SGD per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 10,865 SGD
Estimated Weekly Salary: 2,507 SGD per week
Estimated Hourly Salary: 63 SGD per hour
Last revision of data: 2024-01-06
Estimated Yearly Salary: 67,422 USD
Estimated Monthly Salary: 5,619 USD
Estimated Weekly Salary: 1,297 USD per week
Estimated Hourly Salary: 32 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: 134,963 SGD
Estimated Monthly Salary: 11,247 SGD
Estimated Weekly Salary: 2,595 SGD per week
Estimated Hourly Salary: 65 SGD per hour
By working as Underwriting Analyst a person can save up to 2,931 USD per month or 35,166 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 Underwriting Analyst
Last revision of data: 2025-01-04
Data as of 2025
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Underwriting Analyst salary in Singapore
Average Yearly Salary of Underwriting Analyst in Singapore is approximately 134,963 SGD (67,422 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 Underwriting Analyst do?
An underwriting analyst is responsible for assessing and evaluating insurance applications to determine the level of risk involved in providing coverage. They analyze various factors such as financial statements, credit history, and industry trends to make informed decisions on whether to approve or deny insurance policies. Underwriting analysts also calculate premiums based on risk assessment and ensure compliance with company guidelines and regulations.
The job requires strong analytical skills and attention to detail, as well as the ability to effectively communicate findings and recommendations to other stakeholders. Underwriting analysts must stay updated on industry trends and regulations to accurately assess risk and make informed decisions. They work closely with underwriters, insurance agents, and clients to gather necessary information and provide support throughout the underwriting process.
Skills: underwriting analyst, risk assessment, insurance industry, financial analysis, compliance, decision-making.
Job industry: Insurance
Job industry: Insurance
How much does Underwriting Analyst make?
Salary details
How much does Underwriting Analyst make?Estimated Yearly Salary: 134,963 SGD
Estimated Monthly Salary: 11,247 SGD
Estimated Weekly Salary: 2,595 SGD per week
Estimated Hourly Salary: 65 SGD per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 130,382 SGDEstimated Monthly Salary: 10,865 SGD
Estimated Weekly Salary: 2,507 SGD per week
Estimated Hourly Salary: 63 SGD per hour
Last revision of data: 2024-01-06Underwriting Analyst estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 67,422 USD
Estimated Monthly Salary: 5,619 USD
Estimated Weekly Salary: 1,297 USD per week
Estimated Hourly Salary: 32 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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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 Underwriting Analyst job salary compared to average salary in Singapore.
Comparison shows that a person working as Underwriting Analyst in Singapore earns on average:
1.42 times the average salary (or 142% of average salary).
Estimated national average yearly salary is 95,377 SGD (67,200 USD). Value indicated is pre-tax. Below graph shows estimated Underwriting Analyst job salary compared to average salary in Singapore.
Comparison shows that a person working as Underwriting Analyst in Singapore earns on average:
1.42 times the average salary (or 142% of average salary).
Is Underwriting Analyst a well paid job?
Yes, our data shows that Underwriting 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 Underwriting Analyst?
High salary for Underwriting Analyst would be somewhere between 148,459 SGD and 195,696 SGD. However this is an estimation based on Gaussian Distribution.How much can you save working as Underwriting 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: 134,963 SGD
Estimated Monthly Salary: 11,247 SGD
Estimated Weekly Salary: 2,595 SGD per week
Estimated Hourly Salary: 65 SGD per hour
By working as Underwriting Analyst a person can save up to 2,931 USD per month or 35,166 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 Underwriting Analyst
Malaysia is 17,841 USD
Indonesia is 10,654 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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(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.)
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Data as of 2025Random salary:
Stock broker (156,250 SGD per year, pre-tax.)
Sound engineer (104,799 SGD per year, pre-tax.)
Zone director (266,524 SGD per year, pre-tax.)
Valuation manager (178,355 SGD per year, pre-tax.)
Assistant film editor (64,049 SGD per year, pre-tax.)
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