How much does an insurance underwriter make per month in Philippines?

An insurance underwriter in Philippines earns about 32,858 PHP a month before tax, based on an annual average of 394,300 PHP.

What's the salary range for an insurance underwriter in Philippines?

Entry-level insurance underwriters in Philippines start near 181,600 PHP. Top-end pay reaches around 626,800 PHP. The middle 50% of earners sit between 275,200 and 566,900 PHP.

Is the median insurance underwriter salary in Philippines higher or lower than the average?

The median is 425,100 PHP, higher than the average of 394,300 PHP. Half of insurance underwriters in Philippines earn below the median, half earn above it.

What's the gender pay gap for insurance underwriters in Philippines?

Men working as an insurance underwriter in Philippines earn around 14% more than women on average (420,100 vs 367,900 PHP a year).

Do insurance underwriters in Philippines get bonuses?

About 32% of insurance underwriters in Philippines reported a bonus in the past 12 months. Reported bonuses ranged from 0% to 4% of base salary.

Do insurance underwriters earn more in the public or private sector in Philippines?

In Philippines, the public sector pays an insurance underwriter about 12% more on average. Public-sector pay tends to be steadier; private-sector pay tends to offer bigger upside.

How often do insurance underwriters in Philippines get a pay raise?

An insurance underwriter in Philippines sees a raise of around 10% every 18 months, equivalent to roughly 7% a year.

Average Insurance Underwriter Salary in Philippines for 2026

An insurance underwriter in Philippines earns about 394,300 PHP a year. That's 26% below the national average of 535,800 PHP.

Pay ranges widely from country to country and from role to role. The lowest reported salaries in Philippines sit around 181,600 PHP a year, while the very top stretches to 626,800 PHP. Everything on this page is in Philippine peso (PHP, symbol ₱), which lets you compare numbers like-for-like without worrying about exchange rates.

The numbers here are pulled together from official government wage data, large independent salary surveys, and aggregated worker-reported pay. Most reported salaries include the benefits that are common in Philippines, such as housing or transport allowances, which is worth keeping in mind if you're comparing against a country where those are usually paid on top.

How much does an insurance underwriter make in Philippines?

Average salary

394,300 PHP

32,858 PHP per month

Lowest reported

181,600 PHP

15,133 PHP per month

Highest reported

626,800 PHP

52,233 PHP per month

A typical insurance underwriter working in Philippines brings home around 32,858 PHP a month before tax. Entry-level pay starts near 181,600 PHP, and the top of the ladder reaches roughly 626,800 PHP for the most experienced and specialised people in the role.

The wide gap between low end and top end reflects how much pay can vary inside the same job title. A junior insurance underwriter working at a small local employer earns very different money from a senior at a multinational. Skills, employer, city and years in the seat all push the number around.

How insurance underwriter pay ranges in Philippines

A good way to think about salary in Philippines is to look at the distribution rather than the headline average. Half of all insurance underwriters in Philippines earn less than 425,100 PHP a year, and the other half earn more. That middle number is the median, and it is usually more useful than the average for answering "is my pay normal here".

Looking at the quartiles fills in the picture. A quarter of earners take home less than 275,200 PHP (the 25th percentile), and a quarter clear 566,900 PHP (the 75th percentile). The middle 50% of insurance underwriters sit somewhere inside that band, which is where the typical reader of this page probably lives.

The very lowest reported salaries sit around 181,600 PHP. The highest stretch to 626,800 PHP, though only a small fraction of earners ever reach that level. If you are deciding whether your own offer or current pay is reasonable, work out which of those four bands you would fall into and use that as your reference point.

181,600

Low

425,100

Median

626,800

High

275,200

25th

566,900

75th

The middle 50% sit between the 25th and 75th percentile Tails are the lowest and highest reported All figures in PHP

Insurance underwriter pay by experience in Philippines

Years of experience is the single biggest lever on pay for an insurance underwriter in Philippines, ahead of education and almost any other single factor. The longer you have been in the role, the more your employer can trust you to handle complexity, mentor others and act independently, all of which command higher pay. The chart below shows how the typical insurance underwriter salary changes as you move through the career ladder.

0-2 Years

207,800 PHP
2-5 Years

+31% from previous

273,000 PHP
5-10 Years

+49% from previous

407,100 PHP
10-15 Years

+22% from previous

496,100 PHP
15-20 Years

+9% from previous

538,600 PHP
20+ Years

+8% from previous

583,000 PHP

The single largest jump on the ladder is from 2 - 5 Years to 5 - 10 Years, where pay rises by about 49%. That is the point at which a insurance underwriter typically goes from "competent in the role" to "the person other people in the team learn from", and the market pays well for that step.

Insurance underwriter pay by education in Philippines

Education sits alongside experience as one of the biggest factors driving insurance underwriter pay in Philippines. Higher qualifications consistently pull higher salaries, but the size of the gap tends to be smallest at junior levels and widens as people move up. Two people in the same role with the same years of experience but different degrees can end up earning very different money once they reach mid-career.

Below is the average insurance underwriter salary in Philippines broken down by the highest level of education a worker has completed.

Certificate or Diploma

238,900 PHP
Bachelor's Degree

+94% from previous

462,300 PHP

Insurance underwriter gender pay gap in Philippines

The gender pay gap is a stubborn feature of almost every labour market, and Philippines is no exception. Male insurance underwriters in Philippines earn an average of 420,100 PHP a year, while female insurance underwriters earn around 367,900 PHP. That works out to a 14% gap in favour of men, even when comparing people doing the same work.

A pay gap of this size has a real long-term cost. Over a typical thirty-year career it can add up to several years of pay, and it compounds through pensions, retirement contributions and bonus-linked stock. Some of the gap is explained by women being more likely to work part-time, take career breaks, or be steered toward lower-paying specialisations. Some of it is straightforward unequal pay for the same job, which is harder to defend.

Insurance Underwriter gender pay gap

12%

Men earn this much more than women on average in Philippines.

Men 420,100 PHP

Women 367,900 PHP

Pay raises for an insurance underwriter in Philippines

Most countries hand out at least some kind of pay raise every year, typically when an employee's contract is reviewed or as a cost-of-living adjustment to keep wages roughly in step with inflation. The rhythm and size of those raises varies hugely between industries.

A typical worker doing this role in Philippines sees a raise of about 10% every 18 months, which works out to roughly 7% on an annual basis. That figure is the typical underlying rate; in years where inflation runs high you can usually expect a bit more, and in flat-economy years a bit less.

Across all jobs in Philippines, the national average raise is around 8% every 18 months.

By industry

Industries with the highest pay raises in Philippines:

Banking
Energy
Information Technology
Healthcare
Travel
Construction
Education

By experience level

Experienced workers tend to see larger raises. Retaining a senior is cheaper than replacing them, so employers fight harder for them.

Junior Level

3% - 5%
Mid-Career
Senior Level
Top Management

Insurance underwriter bonus rates in Philippines

Bonuses are the other half of total compensation, and they vary a lot between jobs and industries. Some roles are paid almost entirely in base salary; others lean heavily on bonus structures tied to revenue, project completion or company performance. Whether a job pays a bonus, how big it is, and how often it lands all factor into whether the headline salary is actually a good offer.

32%

32% of insurance underwriters in Philippines reported a bonus of some kind in the past twelve months. That makes an insurance underwriter a low-bonus role overall, which is useful context when you're weighing up a job offer where the base is below market.

Among those who did receive a bonus, the size of the payment varied substantially. Reported bonuses ranged from 0% to 4% of base salary. The remaining 68% of insurance underwriters reported no bonus at all over the same period.

Which careers pay bonuses in Philippines

Revenue-facing roles tend to pay the biggest bonuses. Operational and support roles tend toward smaller, more predictable ones.

Finance
Architecture
Sales
Business Development
Marketing / Advertising
Information Technology
Healthcare
Insurance
Customer Service
Human Resources
Construction
Transport
Hospitality

Insurance underwriter: public vs private sector pay

Public-sector pay in Philippines is about 12% more than private-sector pay for similar work. The private sector typically offers stronger upside and bigger bonuses; the public sector typically offers better benefits and stability.

Public vs private pay gap

10%

Public-sector workers earn this much more than private-sector workers in Philippines on average.

Public sector 563,300 PHP

Private sector 504,300 PHP

Insurance underwriter salary by city in Philippines

Insurance underwriter pay is not even across Philippines. The chart below shows the highest-paying cities in the dataset, followed by the full location table.

Quezon City
Manila
Taguig
Davao
Kalookan
Cebu
Cagayan de Oro
Antipolo
Valenzuela
Paranaque

Location	Type	Average	Median	Range
Quezon City	City	472,100 PHP	492,400 PHP	228,500-744,700 PHP
Manila	City	462,300 PHP	471,700 PHP	225,300-721,600 PHP
Taguig	City	451,000 PHP	485,200 PHP	207,700-713,900 PHP
Davao	City	440,200 PHP	424,300 PHP	228,000-675,200 PHP
Kalookan	City	440,200 PHP	440,200 PHP	218,900-683,800 PHP
Cebu	City	430,000 PHP	420,100 PHP	221,500-663,200 PHP
Cagayan de Oro	City	413,900 PHP	420,800 PHP	204,700-648,200 PHP
Antipolo	City	407,100 PHP	384,200 PHP	215,100-619,000 PHP
Valenzuela	City	404,600 PHP	431,100 PHP	192,000-641,900 PHP
Paranaque	City	403,100 PHP	403,100 PHP	201,100-625,000 PHP
Pasig	City	394,500 PHP	363,000 PHP	212,500-596,800 PHP
Las Pinas	City	382,600 PHP	376,800 PHP	196,800-590,200 PHP
Dasmarinas	City	378,300 PHP	394,800 PHP	181,600-592,600 PHP
Makati	City	371,100 PHP	357,700 PHP	191,600-568,500 PHP

Similar jobs to an insurance underwriter

Other jobs in the same category as an insurance underwriter in Philippines.

Job title	Category	Salary
Risk Manager	Insurance	991,000 PHP
Risk Management Director	Insurance	987,200 PHP
Risk Modeling Manager	Insurance	965,000 PHP
Insurance Operations Manager	Insurance	938,700 PHP
Insurance Manager	Insurance	890,700 PHP
Policy Change Director	Insurance	836,800 PHP
Insurance Sales Director	Insurance	816,000 PHP
Auditing Insurance Manager	Insurance	767,000 PHP
Loss Prevention Manager	Insurance	727,400 PHP
Claims Manager	Insurance	713,900 PHP
Actuarial Analyst	Insurance	689,900 PHP
Risk Management Supervisor	Insurance	683,800 PHP
Actuary	Insurance	672,600 PHP
Insurance Program Manager	Insurance	653,200 PHP
Insurance Sales Manager	Insurance	653,200 PHP
Insurance Project Manager	Insurance	641,900 PHP
Insurance Account Manager	Insurance	619,000 PHP
Risk Analyst	Insurance	588,500 PHP
Eligibility Interviewer	Insurance	582,700 PHP
Insurance Team Leader	Insurance	578,500 PHP
Training Manager	Insurance	574,200 PHP
Loss Prevention Specialist	Insurance	572,200 PHP
Insurance Accounts Executive	Insurance	565,100 PHP
Assistant Claims Manager	Insurance	559,000 PHP
Policy Change Supervisor	Insurance	559,000 PHP
Claims Resolution Specialist	Insurance	555,800 PHP
Insurance Analyst	Insurance	539,800 PHP
Insurance Appraiser	Insurance	539,700 PHP
Loss Prevention Investigator	Insurance	533,000 PHP
Claim Advocacy Professional	Insurance	531,700 PHP
Medical Auditor	Insurance	524,700 PHP
Claims Supervisor	Insurance	524,400 PHP
Eligibility Specialist	Insurance	516,100 PHP
Insurance Investigator	Insurance	516,100 PHP
Payment Services Specialist	Insurance	514,800 PHP
Actuarial Specialist	Insurance	513,300 PHP
Loss Control Specialist	Insurance	510,200 PHP
Compliance Reviewer	Insurance	504,500 PHP
Complaints Specialist	Insurance	504,400 PHP
Broker	Insurance	504,300 PHP
Consultant	Insurance	501,400 PHP
Insurance Adjuster	Insurance	492,400 PHP
Compliance Examiner	Insurance	476,600 PHP
Actuarial Assistant	Insurance	471,700 PHP
Insurance Examiner	Insurance	466,900 PHP
Title Insurance Typist	Insurance	454,900 PHP
Insurance Quality Assurance Agent	Insurance	437,300 PHP
Insurance Pricing Assistant	Insurance	428,400 PHP
Compliance Officer	Insurance	412,000 PHP
Marine Underwriter	Insurance	392,300 PHP
Monitoring and Performance Officer	Insurance	378,800 PHP
Assistant Broker	Insurance	330,700 PHP
Insurance Agent	Insurance	314,500 PHP
Insurance Sales Agent	Insurance	308,900 PHP
Associate Insurance Representative	Insurance	283,400 PHP
Claims Analyst	Insurance	279,400 PHP
Claims Examiner	Insurance	272,800 PHP
Insurance Sales Representative	Insurance	261,300 PHP
Policy Change Technician	Insurance	243,000 PHP
Claims Representative	Insurance	228,500 PHP
Claims Processor	Insurance	201,100 PHP
Insurance Policy Processing Clerk	Insurance	197,600 PHP
Insurance Claims Clerk	Insurance	196,800 PHP
Adjustment Insurance Clerk	Insurance	195,200 PHP
Claims Adjuster	Insurance	187,500 PHP

Insurance Underwriter in Philippines: FAQs

How much does an insurance underwriter make per month in Philippines?

An insurance underwriter in Philippines earns about 32,858 PHP a month before tax, based on an annual average of 394,300 PHP.
What's the salary range for an insurance underwriter in Philippines?

Entry-level insurance underwriters in Philippines start near 181,600 PHP. Top-end pay reaches around 626,800 PHP. The middle 50% of earners sit between 275,200 and 566,900 PHP.
Is the median insurance underwriter salary in Philippines higher or lower than the average?

The median is 425,100 PHP, higher than the average of 394,300 PHP. Half of insurance underwriters in Philippines earn below the median, half earn above it.
What's the gender pay gap for insurance underwriters in Philippines?

Men working as an insurance underwriter in Philippines earn around 14% more than women on average (420,100 vs 367,900 PHP a year).
Do insurance underwriters in Philippines get bonuses?

About 32% of insurance underwriters in Philippines reported a bonus in the past 12 months. Reported bonuses ranged from 0% to 4% of base salary.
Do insurance underwriters earn more in the public or private sector in Philippines?

In Philippines, the public sector pays an insurance underwriter about 12% more on average. Public-sector pay tends to be steadier; private-sector pay tends to offer bigger upside.
How often do insurance underwriters in Philippines get a pay raise?

An insurance underwriter in Philippines sees a raise of around 10% every 18 months, equivalent to roughly 7% a year.