Home > Salary > South Africa > Director Underwriting
A Director of Underwriting is a senior-level position within an insurance company or financial institution. Their primary responsibility is to oversee the underwriting process, which involves assessing and evaluating risks associated with insurance policies or loan applications. They lead a team of underwriters and ensure that all policies adhere to the company's underwriting guidelines and regulatory requirements. The Director of Underwriting is also responsible for developing and implementing underwriting strategies, analyzing market trends, and making recommendations to senior management regarding pricing, risk management, and product development. They collaborate with other departments such as sales, claims, and legal to ensure efficient and effective underwriting operations. Strong analytical skills, risk assessment expertise, and knowledge of industry regulations are essential for success in this role.
Estimated Yearly Salary: 308,281 ZAR
Estimated Monthly Salary: 25,690 ZAR
Estimated Weekly Salary: 5,928 ZAR per week
Estimated Hourly Salary: 148 ZAR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 24,757 ZAR
Estimated Weekly Salary: 5,713 ZAR per week
Estimated Hourly Salary: 143 ZAR per hour
Last revision of data: 2024-01-03
Estimated Yearly Salary: 15,362 USD
Estimated Monthly Salary: 1,280 USD
Estimated Weekly Salary: 295 USD per week
Estimated Hourly Salary: 7 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: 308,281 ZAR
Estimated Monthly Salary: 25,690 ZAR
Estimated Weekly Salary: 5,928 ZAR per week
Estimated Hourly Salary: 148 ZAR per hour
By working as Director Underwriting a person can save up to 1,009 USD per month or 12,108 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 South Africa, see costs of living in South Africa.
Estimated Yearly Salary for Director Underwriting
Last revision of data: 2025-01-04
Data as of 2025
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Director Underwriting salary in South Africa
Average Yearly Salary of Director Underwriting in South Africa is approximately 308,281 ZAR (15,362 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 Director Underwriting do?
A Director of Underwriting is a senior-level position within an insurance company or financial institution. Their primary responsibility is to oversee the underwriting process, which involves assessing and evaluating risks associated with insurance policies or loan applications. They lead a team of underwriters and ensure that all policies adhere to the company's underwriting guidelines and regulatory requirements. The Director of Underwriting is also responsible for developing and implementing underwriting strategies, analyzing market trends, and making recommendations to senior management regarding pricing, risk management, and product development. They collaborate with other departments such as sales, claims, and legal to ensure efficient and effective underwriting operations. Strong analytical skills, risk assessment expertise, and knowledge of industry regulations are essential for success in this role.
Skills: Director of Underwriting, Risk Assessment, Insurance Policies, Underwriting Guidelines, Financial Institution, Strategic Planning
Job industry: Insurance
Job industry: Insurance
How much does Director Underwriting make?
Salary details
How much does Director Underwriting make?Estimated Yearly Salary: 308,281 ZAR
Estimated Monthly Salary: 25,690 ZAR
Estimated Weekly Salary: 5,928 ZAR per week
Estimated Hourly Salary: 148 ZAR per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 297,080 ZAREstimated Monthly Salary: 24,757 ZAR
Estimated Weekly Salary: 5,713 ZAR per week
Estimated Hourly Salary: 143 ZAR per hour
Last revision of data: 2024-01-03Director Underwriting estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 15,362 USD
Estimated Monthly Salary: 1,280 USD
Estimated Weekly Salary: 295 USD per week
Estimated Hourly Salary: 7 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
South Africa is a diverse and vibrant country located at the southernmost tip of the African continent. It has a population of approximately 59 million people and covers an area of around 1.2 million square kilometers. The country is known for its rich cultural heritage, stunning landscapes, and abundant wildlife.
Estimated national average yearly salary is 126,956 ZAR (6,780 USD). Value indicated is pre-tax. Below graph shows estimated Director Underwriting job salary compared to average salary in South Africa.
Comparison shows that a person working as Director Underwriting in South Africa earns on average:
2.43 times the average salary (or 243% of average salary).
Estimated national average yearly salary is 126,956 ZAR (6,780 USD). Value indicated is pre-tax. Below graph shows estimated Director Underwriting job salary compared to average salary in South Africa.
Comparison shows that a person working as Director Underwriting in South Africa earns on average:
2.43 times the average salary (or 243% of average salary).
Is Director Underwriting a well paid job?
Yes, our data show that Director Underwriting 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 Director Underwriting?
High salary for Director Underwriting would be somewhere between 339,109 ZAR and 447,007 ZAR. However this is an estimation based on Gaussian Distribution.How much can you save working as Director Underwriting in South Africa?
Living in South Africa the approximate monthly expenses are: 271 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: 308,281 ZAR
Estimated Monthly Salary: 25,690 ZAR
Estimated Weekly Salary: 5,928 ZAR per week
Estimated Hourly Salary: 148 ZAR per hour
By working as Director Underwriting a person can save up to 1,009 USD per month or 12,108 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 South Africa, see costs of living in South Africa.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Namibia, Botswana, Zimbabwe, Mozambique, Eswatini, Lesotho. To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).Estimated Yearly Salary for Director Underwriting
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 South Africa
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Data as of 2025Random salary:
Medical services manager (161,100 ZAR per year, pre-tax.)
Admitting specialist (88,557 ZAR per year, pre-tax.)
General counsel (440,460 ZAR per year, pre-tax.)
Administrative supervisor (146,320 ZAR per year, pre-tax.)
Hr business partner iii (214,697 ZAR per year, pre-tax.)
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