Average Early-Career Underwriter Salary in South Africa

R218,165
Avg. Base Salary (ZAR)
10%
ZAR 97k
MEDIAN
ZAR 218k
90%
ZAR 359k

The average salary for an Underwriter is R218,165

Base Salary
R97k - R359k
Bonus
R5k - R46k
Profit Sharing
R13 - R34k
Total Pay
R100k - R380k
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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.
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Gender Breakdown

Male
51.1%
Female
48.9%
This data is based on 45 survey responses. Learn more about the gender pay gap.

Common Health Benefits

Medical

47%

Dental

5%

Vision

5%

None

53%