▲3%
R227,907
Avg. Base Salary (ZAR)
/ year
Avg. Base Salary (ZAR)
10%
ZAR 87k
MEDIAN
ZAR 228k
90%
ZAR 436k
The average salary for an Underwriter is R227,907 in 2026
Base Salary
R87k - R436k
Bonus
R9k - R32k
Total Pay
R87k - R480k
Is Average Early-Career Underwriter Salary in South Africa your job title? Find out what you should be paid
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What is the Pay by Experience Level for Underwriters?
▲16%
What Do Underwriters Do?
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.
Find your market worth – how it works:
Common Health Benefits for a Underwriter
Medical
50%
None
50%
Gender Breakdown for Underwriters
Female
57.1%
Male
42.9%
This data is based on 7 survey responses. Learn more about the gender pay gap.
FAQs About Underwriters
What is the highest pay for Underwriters in Cape Town?
Our data indicates that the highest pay for an Underwriter in Cape Town is ZAR 436k / year
What is the lowest pay for Underwriters in Cape Town?
Our data indicates that the lowest pay for an Underwriter in Cape Town is ZAR 87k / year
How can Underwriters increase their salary?
Increasing your pay as an Underwriter is possible in different ways. Change of employer: Consider a career move to a new employer that is willing to pay higher for your skills. Level of Education: Gaining advanced degrees may allow this role to increase their income potential and qualify for promotions. Managing Experience: If you are an Underwriter that oversees more junior Underwriters, this experience can increase the likelihood to earn more.