Average Underwriter with Risk Management / Risk Control Skills Salary in South Africa

R256,458
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
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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.
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