How much does a Underwriter make

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Underwriter

51 300 kr

Insurance salespeople and advisors

42 300 - 65 700 kr / month

Women earn 85% of what men do.

Administration, ekonomi

What will be the salary after tax?

Salary progression Underwriter

Average salary 51 300 kr
Males 55 600 kr
Females 47 200 kr
1 Likes 0 Comments 18 Vacant jobs ->

What does an Underwriter do? – Tasks and work environment

An Underwriter primarily works with assessing risks and making decisions on insurance applications within areas such as life, property damage, or corporate insurance. The role involves analyzing statistics, evaluating customer data, and setting premiums and conditions for various insurance solutions. The work is often carried out in close collaboration with salespeople, actuaries, and other specialists within the insurance company. The work environment is typically office-based, characterized by a fast pace, high responsibility, and demands for accuracy. Continuous contact with both internal and external parties is a central part of the daily routine.

Salary development over time

Over the past three years, an Underwriter's salary has increased by nearly 8.2%. In 2022, the average monthly salary was 47,400 SEK, which then rose to 49 500 SEK in 2023 and is projected to reach 51 300 SEK in 2024. This upward trend reflects an increased demand for qualified risk assessors in the insurance industry, alongside growing complexity in insurance products and regulations. Salary differences between genders persist, but overall, the salary level has strengthened, especially for experienced and specialized Underwriters. Market needs for risk management and analytical skills are expected to continue positively influencing salary levels in the future.

Underwriter salary – comprehensive overview

  • Average salary: 51 300 SEK/month
  • Lowest salary: 42,300 SEK/month (female, high school education, private sector)
  • Highest salary: 65,700 SEK/month (male, post-secondary education, private employment)
  • Hourly wage (average): 309 SEK
  • Women: 47 200 SEK/month (85% of men's salary)
  • Men: 55 600 SEK/month
  • Regional differences: Data unavailable, but larger cities tend to offer higher salaries

Education and qualifications

To work as an Underwriter, a post-secondary education in economics, insurance, mathematics, or law is usually required. Many employers value an academic degree combined with specialized courses in insurance and risk assessment. Practical experience, especially within the insurance industry, is often advantageous and can be gained through trainee programs or internships.

  • Formal education: Bachelor's degree in economics, mathematics, law, or insurance (3 years or more)
  • Specialized courses: Insurance law, risk analysis, underwriting
  • Certifications: Industry-specific certifications can be advantageous
  • Internship/Trainee: Internships at insurance companies or trainee programs are strongly recommended
  • Prerequisites: Strong analytical skills and good communication abilities

An Underwriter needs not only to be analytical but also capable of quickly understanding new regulations and changing market conditions. The industry is characterized by rapid changes and technological development, making continuous skill development essential for those who want to remain competitive.

– statsskuld.se

Common benefits and compensation

In addition to base salary, benefits such as occupational pension, wellness allowance, private health insurance, and options for remote work are often offered. Bonus schemes and performance-based compensation may also be present, especially in larger insurance companies. Skills development and internal training are common, along with flexible working hours and subsidized lunches.

Competition and challenges

Competition for the most attractive Underwriter positions is intense, especially in larger cities and among leading insurance companies. A shortage of experienced candidates can benefit those with the right education and specialized skills. One of the main challenges is staying updated on changing laws, industry regulations, and new risks in the market. Digitalization and automation increase demands for technical understanding and flexibility. Additionally, strong communication and negotiation skills are crucial for managing both clients and internal stakeholders.

Tips for aspiring Underwriters

To succeed as an Underwriter, it is beneficial to combine analytical skills with curiosity about new regulations and trends. Precision is critical, so always double-check your risk assessments and documentation. Good communication skills make it easier to explain complex decisions internally and externally. Building a network within the industry through internships, trainee programs, or industry seminars is valuable. Flexibility and adaptability to changing work conditions and technology are important qualities to stay relevant. Early specialization within a certain insurance area can provide advantages in the job market. Finally, continuous further education in insurance and risk management is recommended to remain competitive.

Key facts about Underwriters

  • Education level: Bachelor's degree or equivalent (3 years or more)
  • Work environment: Office-based, often high pace and responsibility
  • Job market: 758 available jobs (May 2024)
  • Gender differences: Women earn 85% of what men do
  • Typical employment: Full-time, daytime

Career paths and future prospects

After three to five years as an Underwriter, opportunities open up to advance to senior roles such as Senior Underwriter, risk manager, or specialist within a specific insurance area. Some choose to move into leadership positions or work as consultants in risk management and insurance. According to the Employment Service's forecast, there is no specific assessment for Underwriters, but the broader professions of insurance salespersons and advisors have a stable number of vacancies, and demand for qualified skills is expected to continue. Digitalization and increased complexity in the insurance industry are expected to create more specialized career paths in the future.

Common questions about Underwriters

  • What does an Underwriter earn?
    - The average salary is 51 300 SEK per month, but varies depending on experience and education.
  • How does the salary differ between women and men?
    - Women earn 85% of men's salaries, which corresponds to 47 200 SEK for women and 55 600 SEK for men.
  • What education is required to become an Underwriter?
    - Most commonly, a bachelor's degree in economics, mathematics, law, or insurance along with supplementary courses.
  • What does the job market look like for Underwriters?
    - There are 758 available jobs in the profession, and demand remains stable although no exact forecast exists.
  • What does an Underwriter do in their daily work?
    - The work involves risk assessment, analysis of insurance applications, and decisions on premiums and conditions.
  • What is the highest and lowest salary?
    - The highest salary is 65,700 SEK per month and the lowest 42,300 SEK per month.
  • What personal qualities are important for an Underwriter?
    - Analytical ability, accuracy, communication skills, and flexibility are central qualities.

Richard Andersson

Richard Andersson - 2025-07-13 12:08:24

Occupation
Who has the highest salary?
The highest salary for a Underwriter is 65700 kr. This salary belongs to a man working in the Privately employed officials with a post-secondary education, 3 years or more. The highest salary for a woman in this profession is 56100 kr.
Who has the lowest salary?
The lowest salary for a Underwriter is 42300 kr. This salary belongs to a woman also working in the Private sector. The lowest salary for a man in this profession is 48300 kr.
Salary distributed by age and sector
Age Women's salary as a percentage of men's Base salary Monthly salary
18-24 97% 28900 kr 30300 kr
25-34 92% 40000 kr 41500 kr
35-44 85% 52600 kr 54400 kr
45-54 77% 59000 kr 61300 kr
55-64 76% 58900 kr 61300 kr
Snitt 85% 49500 kr 51300 kr
* Empty columns indicate that the statistical data was insufficient to allow for a statistically significant conclusion.
Salary per sector
Salary based on education
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About the data

All information displayed on this page is based on data from the Swedish Central Bureau of Statistics (SCB), the Swedish Tax Agency and the Swedish employment agency. Learn more about our data and data sources here.

All figures are gross salaries, meaning salaries before tax. The average salary, or mean salary, is calculated by adding up the total salary for all individuals within the profession and dividing it by the number of individuals. For specific job categories, we have also considered various criteria such as experience and education.

Profession Underwriter has the SSYK code 3321, which we use to match against the SCB database to obtain the latest salary statistics.

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