Underwriter Ii salary in South Africa

Average Yearly Salary of Underwriter Ii in South Africa is approximately 128,401 ZAR (6,426 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 Ii do?

An Underwriter II is a professional responsible for evaluating and assessing the risk associated with insurance applications. They review and analyze complex insurance policies, applications, and claims to determine the appropriate coverage and premium rates. Underwriter IIs also assess the financial status, credit history, and other relevant factors of the applicants to make informed decisions on whether to accept or reject insurance applications. They work closely with insurance agents and brokers to gather necessary information and ensure compliance with underwriting guidelines and regulations. Additionally, they may negotiate terms and conditions with clients and provide recommendations for risk mitigation strategies. Strong analytical skills, attention to detail, and knowledge of insurance policies and regulations are essential for this role.

Skills: Underwriter II, Insurance Underwriting, Risk Assessment, Financial Analysis, Policy Evaluation, Compliance Management
Job industry: Insurance

How much does Underwriter Ii make?

Difference in salary year over year or average salary increase is approximately 3 %


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Salary comparison to National average

Is Underwriter Ii a well paid job?

Yes, our data show that Underwriter Ii 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 Ii?

High salary for Underwriter Ii would be somewhere between 141,241 ZAR and 186,181 ZAR. However this is an estimation based on Gaussian Distribution.

How much can you save working as Underwriter Ii 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: 128,401 ZAR
Estimated Monthly Salary: 10,700 ZAR
Estimated Weekly Salary: 2,469 ZAR per week
Estimated Hourly Salary: 62 ZAR per hour
By working as Underwriter Ii a person can save up to 264 USD per month or 3,172 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 Ii

Last revision of data: 2025-01-04

Salary 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 increase

NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

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Data as of 2025

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