An Assistant Underwriter earns an average salary of £23,454 per year. The skills that increase pay for this job the most are Underwriting and Insurance. Most people with this job move on to other positions after 10 years in this career.

£18,132 - £34,636
(Median)
£18K
£23K
£35K
MEDIAN: £23,454
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
£0£14K£28K£42K
Salary
£18,132 - £34,636  
   
Bonus
£193.92 - £7,728  
Profit Sharing
£2,250  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
£18,282 - £39,679  
Country: United Kingdom | Currency: GBP | Updated: 28 Oct 2016 | Individuals Reporting: 58
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Assistant Underwriter Reviews

What is it like working as an Assistant Underwriter?

Assistant Underwriter in London:
"Insurance"
Pros: Varied topics and occupancy of risks, broker relations - working face to face with a variety of people. Being in the City - Lloyds. Site visits, travel opportunities. Use maths, wording knowledge, project work, indepth research and reading, geographical spread of risk and people contact, very varied skill base required but nothing to a ridiculously high standard.
Cons: Quiet/ down time can be boring. Waiting for authority is frustrating. Everyone knows everyone - quite gossipy.

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Experience Affects Assistant Underwriter Salaries

Mid-Career
up arrow 23%

National Average
₤24,000

Entry-Level
up arrow 5%

Skills That Affect Assistant Underwriter Salaries

Underwriting
up arrow 26%

Insurance
up arrow 13%

Risk Management / Risk Control
up arrow 4%

National Average
₤24,000

Gender

Female
26 %
Male
74 %

Years of Experience

Less than 1 year
7%
1-4 years
60%
5-9 years
29%
10-19 years
2%
20 years or more
2%

Common Health Benefits

medical benefits
Medical: 56%
dental benefits
Dental: 22%
medical benefits
Vision: 42%
dental benefits
None: 28%
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