▲40%
RM 42,000
Avg. Base Salary (MYR)
/ year
Avg. Base Salary (MYR)
10%
MYR 4k
MEDIAN
MYR 42k
90%
MYR 54k
The average salary for an Underwriter is RM 42,000 in 2025
Base Salary
RM 4k - RM 54k
Bonus
RM 3k - RM 13k
Total Pay
RM 16k - RM 58k
Is Average Early-Career Underwriter with Insurance Skills Salary in Malaysia your job title? Find out what you should be paid
Use our tool to get a personalized report on your market worth.What's this?
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What is the Pay by Experience Level for Underwriters?
▲127%
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
86%
Dental
71%
Vision
29%
None
14%
Gender Breakdown for Underwriters
Female
100.0%
This data is based on 6 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 MYR 54k / year
What is the lowest pay for Underwriters?
Our data indicates that the lowest pay for an Underwriter is MYR 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.