Home > Salary > Vietnam > Insurance Underwriter
An insurance underwriter is responsible for assessing and evaluating insurance applications to determine the level of risk involved and the appropriate premium to be charged. They analyze various factors such as the applicant's health, age, occupation, and lifestyle to calculate the likelihood of a claim being made. Underwriters use statistical models and actuarial data to make informed decisions and ensure that the insurance company remains profitable. They also review policy renewals, negotiate terms with brokers, and provide guidance on risk management strategies.
Estimated Yearly Salary: 120,356,755 VND
Estimated Monthly Salary: 10,029,730 VND
Estimated Weekly Salary: 2,314,553 VND per week
Estimated Hourly Salary: 57,864 VND per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 9,673,230 VND
Estimated Weekly Salary: 2,232,284 VND per week
Estimated Hourly Salary: 55,807 VND per hour
Last revision of data: 2024-01-07
Estimated Yearly Salary: 4,751 USD
Estimated Monthly Salary: 396 USD
Estimated Weekly Salary: 91 USD per week
Estimated Hourly Salary: 2 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: 120,356,755 VND
Estimated Monthly Salary: 10,029,730 VND
Estimated Weekly Salary: 2,314,553 VND per week
Estimated Hourly Salary: 57,864 VND per hour
By working as Insurance Underwriter a person can save up to 236 USD per month or 2,826 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 Vietnam, see costs of living in Vietnam.
Estimated Yearly Salary for Insurance Underwriter
Last revision of data: 2025-01-04
Data as of 2025
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Insurance Underwriter salary in Vietnam
Average Yearly Salary of Insurance Underwriter in Vietnam is approximately 120,356,755 VND (4,751 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 Insurance Underwriter do?
An insurance underwriter is responsible for assessing and evaluating insurance applications to determine the level of risk involved and the appropriate premium to be charged. They analyze various factors such as the applicant's health, age, occupation, and lifestyle to calculate the likelihood of a claim being made. Underwriters use statistical models and actuarial data to make informed decisions and ensure that the insurance company remains profitable. They also review policy renewals, negotiate terms with brokers, and provide guidance on risk management strategies.
Skills: Insurance underwriter, Risk assessment, Premium calculation, Actuarial analysis, Policy renewal, Risk management.
Job industry: Insurance
Job industry: Insurance
How much does Insurance Underwriter make?
Salary details
How much does Insurance Underwriter make?Estimated Yearly Salary: 120,356,755 VND
Estimated Monthly Salary: 10,029,730 VND
Estimated Weekly Salary: 2,314,553 VND per week
Estimated Hourly Salary: 57,864 VND per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 116,078,755 VNDEstimated Monthly Salary: 9,673,230 VND
Estimated Weekly Salary: 2,232,284 VND per week
Estimated Hourly Salary: 55,807 VND per hour
Last revision of data: 2024-01-07Insurance Underwriter estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 4,751 USD
Estimated Monthly Salary: 396 USD
Estimated Weekly Salary: 91 USD per week
Estimated Hourly Salary: 2 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
Vietnam, located in Southeast Asia, is a vibrant and culturally rich country. With a population of approximately 97 million people, it is the 15th most populous country in the world. Covering an area of around 331,212 square kilometers, Vietnam is roughly the size of Germany.
Estimated national average yearly salary is 93,056,060 VND (4,010 USD). Value indicated is pre-tax. Below graph shows estimated Insurance Underwriter job salary compared to average salary in Vietnam.
Comparison shows that a person working as Insurance Underwriter in Vietnam earns on average:
1.29 times the average salary (or 129% of average salary).
Estimated national average yearly salary is 93,056,060 VND (4,010 USD). Value indicated is pre-tax. Below graph shows estimated Insurance Underwriter job salary compared to average salary in Vietnam.
Comparison shows that a person working as Insurance Underwriter in Vietnam earns on average:
1.29 times the average salary (or 129% of average salary).
Is Insurance Underwriter a well paid job?
Yes, our data shows that Insurance 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 Insurance Underwriter?
High salary for Insurance Underwriter would be somewhere between 132,392,431 VND and 174,517,295 VND. However this is an estimation based on Gaussian Distribution.How much can you save working as Insurance Underwriter in Vietnam?
Living in Vietnam the approximate monthly expenses are: 160 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: 120,356,755 VND
Estimated Monthly Salary: 10,029,730 VND
Estimated Weekly Salary: 2,314,553 VND per week
Estimated Hourly Salary: 57,864 VND per hour
By working as Insurance Underwriter a person can save up to 236 USD per month or 2,826 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 Vietnam, see costs of living in Vietnam.
Salary comparison to region and neighbouring coutries
Country's neighbours are: China, Laos, Cambodia. To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).Estimated Yearly Salary for Insurance Underwriter
China is 15,186 USD
Cambodia is 2,011 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 Vietnam
(1,060,162,317 VND per year, pre-tax.)
2. Cardiologist
(882,505,502 VND per year, pre-tax.)
(848,402,543 VND per year, pre-tax.)
4. Neurosurgeon
(826,108,653 VND per year, pre-tax.)
(824,710,642 VND per year, pre-tax.)
6. Urologist
(807,448,368 VND per year, pre-tax.)
(806,831,947 VND per year, pre-tax.)
(806,462,612 VND per year, pre-tax.)
9. Oncologist
(802,962,540 VND per year, pre-tax.)
10. Plastic surgeon
(802,935,962 VND per year, pre-tax.)
Data as of 2025Random salary:
Senior licensing specialist (79,763,756 VND per year, pre-tax.)
Hair salon receptionist (41,360,895 VND per year, pre-tax.)
Auto mechanic (76,301,328 VND per year, pre-tax.)
Deputy district attorney (126,617,273 VND per year, pre-tax.)
Supply chainwarehouse process improvement manager (115,380,232 VND per year, pre-tax.)
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