Insurance underwriters in New York City evaluate applications and set premiums for life, health, property-casualty, and specialty insurance products issued by some of the world's largest carriers headquartered in or near Manhattan. NYC's dense population and complex commercial real estate market provide a wide variety of challenging underwriting assignments.
New York is home to major insurance carriers and reinsurers that underwrite complex commercial, marine, and specialty risks not seen in most other markets. Underwriters specializing in directors and officers (D&O), cyber liability, or excess and surplus lines typically command the highest premiums in the field. CPCU designation accelerates career advancement and salary growth.
Insurance Underwriter at S$147,000 (~$108,780 USD) (single filer): Take-home is approximately S$4,408 per bi-weekly paycheck, or ~S$114,600 per year after all taxes. Note: CPF is shown as a deduction but stays in your personal savings account.
| Career Stage | Annual Salary (SGD) | Approx. Net/Year |
|---|---|---|
| Junior Underwriter | S$117,000 | ~S$88,995 |
| Underwriter II | S$142,000 | ~S$110,350 |
| Senior Underwriter | S$174,000 | ~S$137,130 |
| Lead / VP Underwriting | S$227,000 | ~S$180,320 |
| Tax / Deduction | Per Bi-Weekly Check | Annual Amount | % of Salary |
|---|---|---|---|
| Gross Pay | S$5,654 | S$147,000 | 100% |
| Income Tax | −S$462 | −S$12,000 | 8.2% |
| CPF (Your Own Savings) | −S$785 | −S$20,400 | 13.9% |
| Net Take-Home (Note: CPF goes into your own savings account) | S$4,408 | ~S$114,600 | 78.0% |
At S$147,000, your effective total tax rate is approximately 22.0%. Remember: CPF (20%) is deducted but goes into your personal retirement/healthcare savings account, not the government.
Major employers in Singapore for insurance underwriters include DBS Bank, OCBC, UOB, Goldman Sachs Singapore, Standard Chartered.
Enter your actual salary in the free calculator.
Use the Singapore Calculator →