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Underwriter
Overview
Underwriters evaluate people’s and companies’ financial status to minimise risks for loans and contracts.
Description
- Develop pricing models, structures, and product features.
- Build and maintain good relationships with customers.
- Monitor market trends and development and competitor pricing.
- Perform evaluations of clients' life and health insurance cases.
- Review and improve current underwriting processes, policy coverage, and contract terms.
Entry requirements
- You'll need a Diploma or Bachelor's Degree, preferably in Business Administration, Finance, or Accounting. Other accepted Degrees include Statistics, Economics, or Engineering.
Salary
$4,500 – 8,400
/mo
Salary ranges are estimated based on public information found on Singaporean job portals, including MyCareersFuture, MySkillsFuture. Updated as of 2026.
Trivia
Underwriters are like financial detectives. They look at everything like medical histories and satellite images of factories to decide if something is insurable and how to protect people from the unexpected.
What to expect
Stay updated with relevant regulations and policies, as these regulations can significantly affect how companies are evaluated.
Soft
skills
Communication
Able to communicate clearly with clients and colleagues.
Innovative Problem-Solving
Able to address challenges with unique solutions.
Sense-Making
Ability to make sense of complex information and trends to make good decisions.
Statistical Skills
Able to interpret statistical data to accurately assess risks.
Financial Modelling
Familiarity with using software for financial analysis and modelling.
Data Analytics
Ability to analyse and interpret complex data to make informed decisions.
Hard
skills
Frequently asked questions
Underwriters can’t be replaced entirely - humans are still needed to input data, validate information, and make complex judgement calls that AI can't handle.
Underwriters can occasionally work from home, depending on their work assignments and company policies.
Good underwriting involves reviewing applications thoroughly. Take time to examine all details, especially the applicant's financial history, credit score, income, and employment stability.
They assess multiple factors including market conditions, pricing trends, and benchmarking against industry standards.
They promptly address any customer’s queries, provide them regular updates, and ensure they understand the underwriting process.