Home > Salary > South Africa > Underwriter Associate
An underwriter associate is a professional who works in the insurance industry, specifically in the underwriting department. Their primary responsibility is to assess the risk associated with insurance applications and determine the appropriate coverage and premium rates. Underwriter associates review policy applications, analyze data, and evaluate risk factors such as medical history, financial status, and previous claims. They collaborate with underwriters to make informed decisions regarding acceptance or rejection of insurance applications. Additionally, they may assist in preparing reports, maintaining records, and providing customer service.
Estimated Yearly Salary: 113,309 ZAR
Estimated Monthly Salary: 9,442 ZAR
Estimated Weekly Salary: 2,179 ZAR per week
Estimated Hourly Salary: 54 ZAR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 9,115 ZAR
Estimated Weekly Salary: 2,103 ZAR per week
Estimated Hourly Salary: 53 ZAR per hour
Last revision of data: 2024-01-06
Estimated Yearly Salary: 5,642 USD
Estimated Monthly Salary: 470 USD
Estimated Weekly Salary: 109 USD per week
Estimated Hourly Salary: 3 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: 113,309 ZAR
Estimated Monthly Salary: 9,442 ZAR
Estimated Weekly Salary: 2,179 ZAR per week
Estimated Hourly Salary: 54 ZAR per hour
By working as Underwriter Associate a person can save up to 199 USD per month or 2,388 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 Underwriter Associate
Last revision of data: 2025-01-04
Data as of 2025
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Underwriter Associate salary in South Africa
Average Yearly Salary of Underwriter Associate in South Africa is approximately 113,309 ZAR (5,642 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 Associate do?
An underwriter associate is a professional who works in the insurance industry, specifically in the underwriting department. Their primary responsibility is to assess the risk associated with insurance applications and determine the appropriate coverage and premium rates. Underwriter associates review policy applications, analyze data, and evaluate risk factors such as medical history, financial status, and previous claims. They collaborate with underwriters to make informed decisions regarding acceptance or rejection of insurance applications. Additionally, they may assist in preparing reports, maintaining records, and providing customer service.
Skills: underwriting, risk assessment, insurance industry, policy analysis, data analysis, customer service
Job industry: Insurance
Job industry: Insurance
How much does Underwriter Associate make?
Salary details
How much does Underwriter Associate make?Estimated Yearly Salary: 113,309 ZAR
Estimated Monthly Salary: 9,442 ZAR
Estimated Weekly Salary: 2,179 ZAR per week
Estimated Hourly Salary: 54 ZAR per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 109,380 ZAREstimated Monthly Salary: 9,115 ZAR
Estimated Weekly Salary: 2,103 ZAR per week
Estimated Hourly Salary: 53 ZAR per hour
Last revision of data: 2024-01-06Underwriter Associate estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 5,642 USD
Estimated Monthly Salary: 470 USD
Estimated Weekly Salary: 109 USD per week
Estimated Hourly Salary: 3 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
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 Underwriter Associate job salary compared to average salary in South Africa.
Comparison shows that a person working as Underwriter Associate in South Africa earns on average:
0.89 times the average salary (or 89% of average salary).
Estimated national average yearly salary is 126,956 ZAR (6,780 USD). Value indicated is pre-tax. Below graph shows estimated Underwriter Associate job salary compared to average salary in South Africa.
Comparison shows that a person working as Underwriter Associate in South Africa earns on average:
0.89 times the average salary (or 89% of average salary).
Is Underwriter Associate a well paid job?
Yes, our data show that Underwriter Associate is an averagely well paid job that still allows for some yearly savings. With years and experience the salary might increase even further, resulting in higher satisfaction.What is considered a high salary for Underwriter Associate?
High salary for Underwriter Associate would be somewhere between 124,640 ZAR and 164,298 ZAR. However this is an estimation based on Gaussian Distribution.How much can you save working as Underwriter Associate 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: 113,309 ZAR
Estimated Monthly Salary: 9,442 ZAR
Estimated Weekly Salary: 2,179 ZAR per week
Estimated Hourly Salary: 54 ZAR per hour
By working as Underwriter Associate a person can save up to 199 USD per month or 2,388 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 Underwriter Associate
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
(1,412,867 ZAR per year, pre-tax.)
2. Cardiologist
(1,176,011 ZAR per year, pre-tax.)
(1,138,908 ZAR per year, pre-tax.)
(1,102,268 ZAR per year, pre-tax.)
5. Neurosurgeon
(1,100,784 ZAR per year, pre-tax.)
(1,077,960 ZAR per year, pre-tax.)
(1,073,792 ZAR per year, pre-tax.)
(1,073,439 ZAR per year, pre-tax.)
9. Oncologist
(1,071,922 ZAR per year, pre-tax.)
10. Urologist
(1,071,632 ZAR per year, pre-tax.)
Data as of 2025Random salary:
Geoscientist (but not hydrologist or geographer) (144,706 ZAR per year, pre-tax.)
Customer service traffic and scheduling analyst call center (85,720 ZAR per year, pre-tax.)
Technical sales engineer (151,440 ZAR per year, pre-tax.)
Solar sales consultant (155,200 ZAR per year, pre-tax.)
Banking coordinator (78,720 ZAR per year, pre-tax.)
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