▼42%
S$59,751
Avg. Base Salary (SGD)
/ year
Avg. Base Salary (SGD)
10%
SGD 5k
MEDIAN
SGD 60k
90%
SGD 98k
The average salary for an Underwriter is S$59,751 in 2025
Base Salary
S$5k - S$98k
Bonus
S$3k - S$20k
Total Pay
S$9k - S$113k
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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
98%
Dental
81%
Vision
44%
None
2%
Gender Breakdown for Underwriters
Female
63.3%
Male
36.7%
This data is based on 30 survey responses. Learn more about the gender pay gap.
FAQs About Underwriters
What is the highest pay for Underwriters?
Our data indicates that the highest pay for an Underwriter is SGD 98k / year
What is the lowest pay for Underwriters?
Our data indicates that the lowest pay for an Underwriter is SGD 5k / 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.