▼10%
R256,458
Avg. Base Salary (ZAR)
/ year
Avg. Base Salary (ZAR)
10%
ZAR 110k
MEDIAN
ZAR 256k
90%
ZAR 444k
The average salary for an Underwriter is R256,458
Base Salary
R110k - R444k
Bonus
R8k - R52k
Profit Sharing
R5k - R39k
Commission
R0 - R10k
Total Pay
R107k - R533k
Is Average Underwriter with Risk Management / Risk Control Skills 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?
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
37%
Dental
5%
Vision
5%
None
63%
Gender Breakdown for Underwriters
Female
60.7%
Male
39.3%
This data is based on 28 survey responses. Learn more about the gender pay gap.
