▼21%
R239,520
Avg. Base Salary (ZAR)
/ year
Avg. Base Salary (ZAR)
10%
ZAR 115k
MEDIAN
ZAR 240k
90%
ZAR 462k
The average salary for an Underwriter is R239,520 in 2025
Base Salary
R115k - R462k
Bonus
R5k - R70k
Profit Sharing
R0 - R39k
Commission
R6k - R265k
Total Pay
R119k - R508k
Is Average Underwriter Salary in South Africa 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
24%
Dental
3%
Vision
3%
None
76%
Gender Breakdown for Underwriters
Female
76.1%
Male
23.9%
This data is based on 46 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 ZAR 462k / year
What is the lowest pay for Underwriters?
Our data indicates that the lowest pay for an Underwriter is ZAR 115k / 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.