▼4%
S$53,383
Avg. Base Salary (SGD)
/ year
Avg. Base Salary (SGD)
10%
SGD 4k
MEDIAN
SGD 53k
90%
SGD 87k
The average salary for an Underwriter is S$53,383 in 2025
Base Salary
S$4k - S$87k
Bonus
S$4k - S$9k
Total Pay
S$7k - S$94k
Is Average Underwriter with Risk Management / Risk Control Skills 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 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
94%
Dental
82%
Vision
53%
None
6%
Gender Breakdown for Underwriters
Female
58.3%
Male
41.7%
This data is based on 12 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 87k / year
What is the lowest pay for Underwriters?
Our data indicates that the lowest pay for an Underwriter is SGD 4k / 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.