Home > Salary > Turkey > Underwriter
An underwriter is a professional responsible for assessing and evaluating risks associated with insurance policies, loans, or investments. They analyze and review various factors such as financial statements, credit history, property appraisals, and market trends to determine the level of risk involved. Underwriters use this information to decide whether to approve or reject applications for insurance coverage or loans, and also to set appropriate terms and conditions. They play a crucial role in ensuring that businesses and individuals receive fair and accurate coverage or financing based on their risk profile. Strong analytical skills, attention to detail, and knowledge of industry regulations are essential for underwriters to make informed decisions. The occupation requires effective communication and negotiation skills to work with clients, agents, and other professionals in the industry.
Estimated Yearly Salary: 245,617 TRY
Estimated Monthly Salary: 20,468 TRY
Estimated Weekly Salary: 4,723 TRY per week
Estimated Hourly Salary: 118 TRY per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 19,739 TRY
Estimated Weekly Salary: 4,555 TRY per week
Estimated Hourly Salary: 114 TRY per hour
Last revision of data: 2024-01-07
Estimated Yearly Salary: 12,904 USD
Estimated Monthly Salary: 1,075 USD
Estimated Weekly Salary: 248 USD per week
Estimated Hourly Salary: 6 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: 245,617 TRY
Estimated Monthly Salary: 20,468 TRY
Estimated Weekly Salary: 4,723 TRY per week
Estimated Hourly Salary: 118 TRY per hour
By working as Underwriter a person can save up to 652 USD per month or 7,821 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 Turkey, see costs of living in Turkey.
Estimated Yearly Salary for Underwriter
Last revision of data: 2025-01-04
Data as of 2025
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Underwriter salary in Turkey
Average Yearly Salary of Underwriter in Turkey is approximately 245,617 TRY (12,904 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 do?
An underwriter is a professional responsible for assessing and evaluating risks associated with insurance policies, loans, or investments. They analyze and review various factors such as financial statements, credit history, property appraisals, and market trends to determine the level of risk involved. Underwriters use this information to decide whether to approve or reject applications for insurance coverage or loans, and also to set appropriate terms and conditions. They play a crucial role in ensuring that businesses and individuals receive fair and accurate coverage or financing based on their risk profile. Strong analytical skills, attention to detail, and knowledge of industry regulations are essential for underwriters to make informed decisions. The occupation requires effective communication and negotiation skills to work with clients, agents, and other professionals in the industry.
Skills: underwriter, risk assessment, insurance, loans, investments, financial analysis
Job industry: Insurance
Job industry: Insurance
How much does Underwriter make?
Salary details
How much does Underwriter make?Estimated Yearly Salary: 245,617 TRY
Estimated Monthly Salary: 20,468 TRY
Estimated Weekly Salary: 4,723 TRY per week
Estimated Hourly Salary: 118 TRY per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 236,873 TRYEstimated Monthly Salary: 19,739 TRY
Estimated Weekly Salary: 4,555 TRY per week
Estimated Hourly Salary: 114 TRY per hour
Last revision of data: 2024-01-07Underwriter estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 12,904 USD
Estimated Monthly Salary: 1,075 USD
Estimated Weekly Salary: 248 USD per week
Estimated Hourly Salary: 6 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
Turkey, officially known as the Republic of Turkey, is a transcontinental country located mainly on the Anatolian Peninsula in Western Asia, with a smaller portion on the Balkan Peninsula in Southeast Europe. It has a population of approximately 82 million people, making it one of the most populous countries in the world. The land area of Turkey is about 783,356 square kilometers, making it larger than many European countries.
Estimated national average yearly salary is 182,974 TRY (10,590 USD). Value indicated is pre-tax. Below graph shows estimated Underwriter job salary compared to average salary in Turkey.
Comparison shows that a person working as Underwriter in Turkey earns on average:
1.34 times the average salary (or 134% of average salary).
Estimated national average yearly salary is 182,974 TRY (10,590 USD). Value indicated is pre-tax. Below graph shows estimated Underwriter job salary compared to average salary in Turkey.
Comparison shows that a person working as Underwriter in Turkey earns on average:
1.34 times the average salary (or 134% of average salary).
Is Underwriter a well paid job?
Yes, our data shows that Underwriter 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 Underwriter?
High salary for Underwriter would be somewhere between 270,179 TRY and 356,145 TRY. However this is an estimation based on Gaussian Distribution.How much can you save working as Underwriter in Turkey?
Living in Turkey the approximate monthly expenses are: 424 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: 245,617 TRY
Estimated Monthly Salary: 20,468 TRY
Estimated Weekly Salary: 4,723 TRY per week
Estimated Hourly Salary: 118 TRY per hour
By working as Underwriter a person can save up to 652 USD per month or 7,821 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 Turkey, see costs of living in Turkey.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Greece, Bulgaria, Georgia, Armenia, Azerbaijan, Iran, Iraq, Syria.. 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
Greece is 26,572 USD
Iran is 9,596 USD
Iraq is 7,299 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 Turkey
(2,099,459 TRY per year, pre-tax.)
2. Cardiologist
(1,754,102 TRY per year, pre-tax.)
(1,691,394 TRY per year, pre-tax.)
(1,640,570 TRY per year, pre-tax.)
5. Neurosurgeon
(1,632,934 TRY per year, pre-tax.)
(1,598,581 TRY per year, pre-tax.)
7. Oncologist
(1,595,801 TRY per year, pre-tax.)
(1,594,037 TRY per year, pre-tax.)
(1,593,001 TRY per year, pre-tax.)
(1,592,836 TRY per year, pre-tax.)
Data as of 2025Random salary:
Hr associate (190,743 TRY per year, pre-tax.)
Lecturer speaker (150,363 TRY per year, pre-tax.)
Ui engineer (248,987 TRY per year, pre-tax.)
Elderlydisabled services coordinator (124,842 TRY per year, pre-tax.)
Adult daycare program assistant (60,387 TRY per year, pre-tax.)
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