Average Underwriter Salary in Singapore

S$58,795
Avg. Salary
S$9,759
Bonus
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The average salary for an Underwriter in Singapore is S$58,795.
10%
S$11k
10%
S$59k
50%
S$108k
90%
90%
MEDIAN S$58,795
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United States (change)
Salary
S$11k - S$108k
Bonus
S$3k - S$30k
Total Pay
S$26k - S$123k

Your Market Worth Over Time

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Job Description for Underwriter

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.

Career Paths

Explore the most common career paths for Underwriter. Thickness and color of lines indicates how common a path is.
Underwriter
Senior Underwriter
More common (> 20%)
Somewhat common (8 - 20%)
Less common (< 8%)

Underwriter Job Listings

Popular Skills for Underwriter

Skills that pay less than market rate include Financial Analysis, Data Analysis, Risk Management / Risk Control and Insurance.

Pay by Experience Level for Underwriter

An entry-level Underwriter with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of S$36,000 based on 5 salaries. An early career Underwriter with 1-4 years of experience earns an average total compensation of S$48,402 based on 24 salaries. A mid-career Underwriter with 5-9 years of experience earns an average total compensation of S$67,990 based on 32 salaries. An experienced Underwriter with 10-19 years of experience earns an average total compensation of S$82,541 based on 9 salaries.

Years of Experience

This data is based on 70 survey responses.
Entry Level
7.1%
Early Career
34.3%
Mid Career
45.7%
Experienced
12.9%

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