Home > Salary > Singapore > Underwriting Specialist
An underwriting specialist is a professional responsible for assessing and evaluating risks associated with insurance policies and determining the appropriate coverage and premiums. They analyze applications, review financial documents, and conduct research to gather necessary information to make informed decisions. Underwriting specialists work closely with agents and brokers to understand client needs and ensure compliance with underwriting guidelines and regulations. They also collaborate with other departments, such as claims and legal, to resolve complex issues and provide support in policy renewals and modifications. Strong analytical skills, attention to detail, and the ability to make sound judgments are essential for success in this occupation.
Estimated Yearly Salary: 167,401 SGD
Estimated Monthly Salary: 13,950 SGD
Estimated Weekly Salary: 3,219 SGD per week
Estimated Hourly Salary: 80 SGD per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 13,429 SGD
Estimated Weekly Salary: 3,099 SGD per week
Estimated Hourly Salary: 77 SGD per hour
Last revision of data: 2024-01-07
Estimated Yearly Salary: 83,134 USD
Estimated Monthly Salary: 6,928 USD
Estimated Weekly Salary: 1,599 USD per week
Estimated Hourly Salary: 40 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: 167,401 SGD
Estimated Monthly Salary: 13,950 SGD
Estimated Weekly Salary: 3,219 SGD per week
Estimated Hourly Salary: 80 SGD per hour
By working as Underwriting Specialist a person can save up to 4,240 USD per month or 50,878 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 Specialist
Last revision of data: 2025-01-04
Data as of 2025
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Underwriting Specialist salary in Singapore
Average Yearly Salary of Underwriting Specialist in Singapore is approximately 167,401 SGD (83,134 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 Specialist do?
An underwriting specialist is a professional responsible for assessing and evaluating risks associated with insurance policies and determining the appropriate coverage and premiums. They analyze applications, review financial documents, and conduct research to gather necessary information to make informed decisions. Underwriting specialists work closely with agents and brokers to understand client needs and ensure compliance with underwriting guidelines and regulations. They also collaborate with other departments, such as claims and legal, to resolve complex issues and provide support in policy renewals and modifications. Strong analytical skills, attention to detail, and the ability to make sound judgments are essential for success in this occupation.
Skills: underwriting specialist, risk assessment, insurance policies, premium determination, compliance, analytical skills
Job industry: Insurance
Job industry: Insurance
How much does Underwriting Specialist make?
Salary details
How much does Underwriting Specialist make?Estimated Yearly Salary: 167,401 SGD
Estimated Monthly Salary: 13,950 SGD
Estimated Weekly Salary: 3,219 SGD per week
Estimated Hourly Salary: 80 SGD per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 161,146 SGDEstimated Monthly Salary: 13,429 SGD
Estimated Weekly Salary: 3,099 SGD per week
Estimated Hourly Salary: 77 SGD per hour
Last revision of data: 2024-01-07Underwriting Specialist estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 83,134 USD
Estimated Monthly Salary: 6,928 USD
Estimated Weekly Salary: 1,599 USD per week
Estimated Hourly Salary: 40 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 Underwriting Specialist job salary compared to average salary in Singapore.
Comparison shows that a person working as Underwriting Specialist in Singapore earns on average:
1.76 times the average salary (or 176% 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 Specialist job salary compared to average salary in Singapore.
Comparison shows that a person working as Underwriting Specialist in Singapore earns on average:
1.76 times the average salary (or 176% of average salary).
Is Underwriting Specialist a well paid job?
Yes, our data shows that Underwriting Specialist 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 Specialist?
High salary for Underwriting Specialist would be somewhere between 184,141 SGD and 242,731 SGD. However this is an estimation based on Gaussian Distribution.How much can you save working as Underwriting Specialist 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: 167,401 SGD
Estimated Monthly Salary: 13,950 SGD
Estimated Weekly Salary: 3,219 SGD per week
Estimated Hourly Salary: 80 SGD per hour
By working as Underwriting Specialist a person can save up to 4,240 USD per month or 50,878 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 Specialist
Malaysia is 22,027 USD
Indonesia is 13,178 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:
Packaging and material handling manager (71,328 SGD per year, pre-tax.)
Garbage truck driver (65,810 SGD per year, pre-tax.)
Embroidery machine operator (68,854 SGD per year, pre-tax.)
Information architect (256,368 SGD per year, pre-tax.)
Licensed physical therapist (lpt) (142,112 SGD per year, pre-tax.)
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Please note:The salary figures on this website are meant for reference purposes exclusively.
Salary details presented on this website are meant for informational use exclusively. Our data is sourced through multiple sources and may not always be accurate. Users should cross-reference salary information independently before making financial decisions. The figures shown here may fluctuate due to variables such as company policies, experience levels, and demand shifts. We do not guarantee that the data displayed is flawless. By using this website, you accept that salary information is presented 'as is' and without assurances.
Salary details presented on this website are meant for informational use exclusively. Our data comes from multiple inputs and may not necessarily be accurate. Users should cross-reference salary information through other means before making employment commitments. The figures shown here may fluctuate due to factors such as company policies, experience levels, and demand shifts. We do not warrant that the data displayed is error-free. By using this website, you agree that salary information is offered 'as is' and without warranties.