▼10%
S$52,800
Avg. Base Salary (SGD)
/ year
Avg. Base Salary (SGD)
10%
SGD 33k
MEDIAN
SGD 53k
90%
SGD 101k
The average salary for an Insurance Underwriter is S$52,800 in 2025
Base Salary
S$33k - S$101k
Bonus
S$2k - S$16k
Total Pay
S$35k - S$103k
Is Average Insurance Underwriter Salary in Singapore your job title? Find out what you should be paid
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What is the Pay by Experience Level for Insurance Underwriters?
What Do Insurance Underwriters Do?
Insurance 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 Insurance Underwriter
Medical
83%
Dental
50%
Vision
42%
None
17%
Gender Breakdown for Insurance Underwriters
Female
75.0%
Male
25.0%
This data is based on 8 survey responses. Learn more about the gender pay gap.
FAQs About Insurance Underwriters
What is the highest pay for Insurance Underwriters?
Our data indicates that the highest pay for an Insurance Underwriter is SGD 101k / year
What is the lowest pay for Insurance Underwriters?
Our data indicates that the lowest pay for an Insurance Underwriter is SGD 33k / year
How can Insurance Underwriters increase their salary?
Increasing your pay as an Insurance 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 Insurance Underwriter that oversees more junior Insurance Underwriters, this experience can increase the likelihood to earn more.