Underwriting Assistant Average Salary in Netherlands 2024
How much money does a person working as Underwriting Assistant make in Netherlands?
LOW
1,290
EUR AVERAGE
2,630
EUR HIGH
4,090
EUR
A person working as Underwriting Assistant in Netherlands typically earns around 2,630 EUR. Salaries range from 1,290 EUR (lowest) to 4,090 EUR (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Underwriting Assistant salaries in Netherlands vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Underwriting Assistant Pay Scale and Salaries in Netherlands
Salary Structure and Pay Scale Comparison
2,430 EUR or more
2,150 to 2,430 EUR
1,530 EUR or less
1,530 to 2,150 EUR
 1,290 EUR |
2,450 EUR |
4,090 EUR |
Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range
Salary Range, Minimum Wage, and Starting Salary
Salaries for the position Underwriting Assistant in Netherlands range from 1,290 EUR (starting salary) to 4,090 EUR (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.
Median Salary
With a median salary of 2,450 EUR, half of the professionals who work as Underwriting Assistant in Netherlands earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.
Percentiles and Salary Scale
The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as Underwriting Assistant in Netherlands earn less than 2,000 EUR, while 75% earn more. Similarly, the chart shows that 75% earn less than 2,800 EUR while 25% earn more.
Pay Scale Structure
To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title Underwriting Assistant in Netherlands compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 1,530 EUR to 2,150 EUR. About 20% of salaries are below the 1,530 EUR mark, while 10% fall within the range of 2,150 EUR to 2,430 EUR. Only 5% of individuals have salaries exceeding 2,430 EUR.
Salary Comparison by Years of Experience / Underwriting Assistant / Netherlands
How do experience and age affect pay?
| 0 - 2 Years | 1,530 EUR | |
| 2 - 5 Years | +29% | 1,960 EUR |
| 5 - 10 Years | +38% | 2,700 EUR |
| 10 - 15 Years | +24% | 3,350 EUR |
| 15 - 20 Years | +7% | 3,590 EUR |
| 20+ Years | +7% | 3,830 EUR |
The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage. We broke down salaries by experience level for people working as Underwriting Assistant and this is what we found.
Employees with less than two years of experience earn approximately 1,530 EUR.
While someone with an experience level between two and five years is expected to earn 1,960 EUR, 29% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 2,700 EUR, 38% more than someone with two to five years of experience.
Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 3,350 EUR, 24% more than someone with five to ten years of experience.
If the experience level is between fifteen and twenty years, then the expected wage is 3,590 EUR, 7% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 3,830 EUR, 7% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / Underwriting Assistant / Netherlands
How do education levels affect salaries?
Displayed below is the average salary variance between different education levels of professionals working as Underwriting Assistant.
| High School | 1,960 EUR | |
| Certificate or Diploma | +43% | 2,800 EUR |
| Bachelor's Degree | +38% | 3,870 EUR |
We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down salaries by education level for the position Underwriting Assistant in order to make a comparison.
Level 1: High School
Employees at this education level have an average salary of 1,960 EUR.
Level 2: Certificate or Diploma
At this level, the average salary becomes 2,800 EUR, 43% more than the previous level.
Level 3: Bachelor's Degree
At this level, the average salary becomes 3,870 EUR, 38% more than the previous level.
Typical Salary Difference by Education for Most Careers
Salary and Compensation Comparison By Gender / Underwriting Assistant / Netherlands
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? For the people who work as Underwriting Assistant in Netherlands, the average difference between the salary of male and female employees is 5%.
| Male | 2,680 EUR | |
| Female | -4% | 2,560 EUR |
Salary Comparison By Gender in Netherlands for all Careers
Average Annual Salary Increment Percentage / Underwriting Assistant / Netherlands
How much are annual salary increments in Netherlands for individuals working as Underwriting Assistant? How often do employees get salary raises?
Individuals working as Underwriting Assistant in Netherlands are likely to observe a salary increase of approximately 11% every 15 months. The national average annual increment for all professions combined is 9% granted to employees every 15 months.
Netherlands / All Professions
The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare that people get their salaries reviewed exactly on the one-year mark, it is more meaningful to know the frequency and the rate at the time of the increase.
How to calculate the salary increment percentage?
The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 / Increase Frequency
Worldwide Salary Raises: All Countries and All Jobs
Salary Packages and Schemes
Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.
Bonus and Incentive Rates / Underwriting Assistant / Netherlands
How much and how often are bonuses being awarded?
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69% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 31% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 0% to 4% of their annual salary.
| Received Bonus | 31% | |
| No Bonus | 69% |
Types of Bonuses Considered
Individual Performance-Based BonusesThe most standard form of bonus, where the employee is awarded based on their exceptional performance.
Company Performance BonusesOccasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.
Goal-Based BonusesGranted upon achieving an important goal or milestone.
Holiday / End of Year BonusesThese types of bonuses are given without a reason and usually resemble an appreciation token.
Bonuses Are Not Commissions!
People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.
What makes a position worthy of good bonuses and a high salary?
The main two types of jobs | |
| Revenue Generators | Supporting Cast |
Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business. | Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations. |
Example: | Example: |
Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.
Bonus Comparison by Seniority Level
Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.
Average Hourly Wage / Underwriting Assistant / Netherlands
15 EUR per hourThe average hourly wage (pay per hour) for individuals working as Underwriting Assistant in Netherlands is 15 EUR.This is the rate they get paid for every worked hour.
About The Hourly Pay Rate
The hourly wage is the salary paid in one worked hour. Usually, jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fixed amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.
What is the minimum hourly rate of pay?
The minimum pay rate per hour for people working as Underwriting Assistant in Netherlands is 7 EUR. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.
Salary comparison with similar jobs
| Job Title | Average Salary |
| Insurance |  -100% | |
| Actuarial Analyst | 6,620 EUR |  +150% |
| Actuarial Assistant | 4,480 EUR | +71% |
| Actuarial Specialist | 4,780 EUR | +82% |
| Actuary | 6,540 EUR | +150% |
| Adjustment Insurance Clerk | 1,850 EUR | -30% |
| Assistant Broker | 3,110 EUR | +18% |
| Assistant Claims Manager | 5,150 EUR | +96% |
| Associate Insurance Representative | 2,500 EUR | -5% |
| Auditing Insurance Manager | 7,340 EUR | +180% |
| Blockchain Insurance Auditor | 4,410 EUR | +68% |
| Broker | 4,750 EUR | +81% |
| Claim Advocacy Professional | 4,810 EUR | +83% |
| Claims Adjuster | 1,860 EUR | -29% |
| Claims Analyst | 2,680 EUR | +2% |
| Claims Examiner | 2,550 EUR | -3% |
| Claims Manager | 7,030 EUR | +170% |
| Claims Processor | 1,870 EUR | -29% |
| Claims Representative | 2,230 EUR | -15% |
| Claims Resolution Specialist | 5,430 EUR | +110% |
| Claims Supervisor | 5,000 EUR | +90% |
| Complaints Specialist | 4,550 EUR | +73% |
| Compliance Examiner | 4,390 EUR | +67% |
| Compliance Officer | 4,060 EUR | +55% |
| Compliance Reviewer | 4,570 EUR | +74% |
| Consultant | 4,610 EUR | +76% |
| Drone Claims Adjuster | 2,350 EUR | -10% |
| Eligibility Interviewer | 5,070 EUR | +93% |
| Eligibility Specialist | 4,830 EUR | +84% |
| Insurance Account Manager | 5,990 EUR | +130% |
| Insurance Accounts Executive | 5,110 EUR | +95% |
| Insurance Adjuster | 4,350 EUR | +66% |
| Insurance Agent | 2,990 EUR | +14% |
| Insurance Analyst | 4,960 EUR | +89% |
| Insurance Appraiser | 4,890 EUR | +86% |
| Insurance Claims Clerk | 1,810 EUR | -31% |
| Insurance Compliance Officer | 5,530 EUR | +110% |
| Insurance Data Scientist | 4,320 EUR | +65% |
| Insurance Examiner | 4,490 EUR | +71% |
| Insurance Fraud Investigator | 4,130 EUR | +57% |
| Insurance Investigator | 4,390 EUR | +67% |
| Insurance Manager | 8,160 EUR | +210% |
| Insurance Operations Manager | 8,250 EUR | +210% |
| Insurance Policy Processing Clerk | 1,920 EUR | -27% |
| Insurance Pricing Assistant | 4,050 EUR | +54% |
| Insurance Product Manager | 5,490 EUR | +110% |
| Insurance Program Manager | 6,250 EUR | +140% |
| Insurance Project Manager | 5,840 EUR | +120% |
| Insurance Quality Assurance Agent | 4,350 EUR | +66% |
| Insurance Sales Agent | 2,840 EUR | +8% |
| Insurance Sales Director | 7,680 EUR | +190% |
| Insurance Sales Manager | 6,040 EUR | +130% |
| Insurance Sales Representative | 2,640 EUR | +1% |
| Insurance Team Leader | 5,260 EUR | +100% |
| Insurance Underwriter | 3,600 EUR | +37% |
| Insurtech Analyst | 4,570 EUR | +74% |
| Loss Control Specialist | 4,940 EUR | +88% |
| Loss Prevention Investigator | 5,060 EUR | +93% |
| Loss Prevention Manager | 6,690 EUR | +150% |
| Loss Prevention Specialist | 5,200 EUR | +98% |
| Marine Underwriter | 3,790 EUR | +44% |
| Medical Auditor | 4,870 EUR | +86% |
| Monitoring and Performance Officer | 3,310 EUR | +26% |
| Parametric Insurance Specialist | 4,870 EUR | +86% |
| Payment Services Specialist | 4,890 EUR | +86% |
| Peer-to-Peer Insurance Manager | 5,650 EUR | +120% |
| Policy Change Director | 7,460 EUR | +180% |
| Policy Change Supervisor | 5,470 EUR | +110% |
| Policy Change Technician | 2,420 EUR | -8% |
| Risk Analyst | 5,410 EUR | +110% |
| Risk Management Director | 8,830 EUR | +240% |
| Risk Management Supervisor | 6,070 EUR | +130% |
| Risk Manager | 8,530 EUR | +220% |
| Risk Modeling Manager | 8,990 EUR | +240% |
| Social Media Risk Analyst | 5,100 EUR | +94% |
| Title Insurance Typist | 4,000 EUR | +52% |
| Training Manager | 5,310 EUR | +100% |
| Underwriting Assistant | 2,630 EUR | +0% |
Government vs Private Sector Salary Comparison
Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in Netherlands is 5% on average across all career fields.
| Private Sector | 4,780 EUR | |
| Public Sector | +5% | 5,030 EUR |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for the job title Underwriting Assistant in Netherlands?
A good and competitive compensation would range anywhere between 2,450 EUR and 2,800 EUR. This is a very rough estimate. Experience and education play a very huge part in the final earnings.
Gross Salary (before tax) and Net Salary (after tax)
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.
Base / Basic Salary
The base salary for a careers like Underwriting Assistant in Netherlands ranges from 1,290 EUR to 2,000 EUR. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.
What is the difference between the median and the average salary?
Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary
