An Underwriter earns an average salary of AED 123,772 per year. For the first five to ten years in this position, salary increases steeply, but any additional experience does not have a big effect on pay. Most people move on to other jobs if they have more than 20 years' experience in this career.

AED 58,175 - AED 375,625
AED 58K
AED 130K
AED 380K
MEDIAN: AED 132,730
10%
50%
90%
AED 0AED 415K
Salary AED 58,175 - AED 375,625
Bonus AED 14.54 - AED 72,129
Profit Sharing AED 5,000
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
AED 58,175 - AED 415,594
  • Country: United Arab Emirates
  • Currency: AED
  • Updated: 19 Jan 2018
  • Individuals Reporting: 46

Job Description for Underwriter

Underwriters work primarily in banks which handle loans and mortgages and are responsible for analyzing the risks of a loan based on the data in the application. They also oversee other information in the loan application to ensure it is accurate.

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Underwriter Tasks

  • Analyze new and renewal business, data, claim history, loss experience, and outcome of liability decisions.
  • Underwrite, submit, approve or pend coverage amounts and premiums, and present decisions to management.
  • Monitor existing policies for compliance with company guidelines.
  • Manage underwriting territory and select new business based on analysis of their profitability.

Underwriter Pay By Employer

$0$131K

$59,848

$68,692

$44,493

Aetna, Inc.
26 profiles
$50,301

$58,883

$67,548

ACE Group
24 profiles
$60,308

$63,242

$63,282

$52,378

Underwriter Job Listings

Pay Difference by Location

National Average: AED 141,972

Larger city markers indicate a job is popular in that location.

Key Stats for Underwriter

Gender

Female
42 %
Male
58 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 3 votes.
1-4 years
24%
5-9 years
59%
10-19 years
17%

Experience Affects Underwriter Salaries

▲23%

▲22%

National Average
AED 142,000

▼35%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 3 votes.

Gender

Female
42 %
Male
58 %

Years of Experience

1-4 years
24%
5-9 years
59%
10-19 years
17%

Common Health Benefits

medical benefits
Medical: 97%
dental benefits
Dental: 28%
vision benefits
Vision: 10%
no benefits
None: 3%