Avg. Base Salary (ZAR)
The average salary for an Insurance Underwriter is R324,000 in 2025
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What Do Insurance Underwriters Do?
- 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.
Gender Breakdown for Insurance Underwriters
FAQs About Insurance Underwriters
What is the highest pay for Insurance Underwriters in Cape Town?
Our data indicates that the highest pay for an Insurance Underwriter in Cape Town is ZARNaN / year
What is the lowest pay for Insurance Underwriters in Cape Town?
Our data indicates that the lowest pay for an Insurance Underwriter in Cape Town is ZARNaN / 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.