How to become an insurance underwriter
Official title: Insurance underwriter
Also called: Liability underwriter, Life underwriter, Underwriter, Underwriting account representative, Underwriting service representative, Insurer for Decarbonisation Projects, Marine Underwriter, Underwriting Executive, Underwriting Manager, Liability underwriter, Underwriting service representative
Insurance underwriter identifies and measures the risks associated with an activity, determines whether this risk is insurable and what the terms of that acceptance are. He/she assesses a risk according to the likelihood of a claim being made by weighing up a number of factors and asking for detailed information from prospective clients (policyholders).
Main tasks
- Receiving and assessing proposals and propositions for insurance from brokers and clients
- Identifying and evaluating the risks associated with a proposal
- Calculating premiums, providing quotations and, if acceptable to the client, issuing policies
- Negotiating and placing reinsurance contracts
- Advising on, negotiating terms for and placing insurance contracts for large or special types of projects, installations or risks
Pay · Outlook · AI and this job
- Median pay: $83,892 a year. The middle half earn $57,600 to $146,400 a year.
- Generative AI could change many tasks in this job, which usually reshapes the work more than it replaces it, by the ILO's global estimate.
Related jobs
- Accountant (excluding tax accountant)
- Energy portfolio manager
- Auditor (accounting)
- Tax accountant
- Financial/Investment adviser
- Business valuer
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Questions people ask
How much does an insurance underwriter earn in Singapore?
Median full-time pay is $83,892 a year (Ministry of Manpower (via data.gov.sg)). The middle half earn $57,600 to $146,400.
Will AI change the work of an insurance underwriter?
Generative AI could change many tasks in this job, which usually reshapes the work more than it replaces it, by the ILO's global estimate.
Sources
- Ministry of Manpower (via data.gov.sg): Resident Occupational Wages (Occupational Wage Survey) (June 2024 (data.gov.sg update 2026-04-01)), Singapore Open Data Licence v1.0, retrieved 4 October 2026
- International Labour Organization, Generative AI and Jobs: A Refined Global Index of Occupational Exposure (ILO Working Paper 140, Gmyrek et al.) (ILO Working Paper 140, May 2025, Annex Table A1), CC BY 4.0, retrieved 4 October 2026
Updated 4 October 2026