The average salary for an Insurance Underwriter is £26,388 per year. For the first five to ten years in this position, pay increases modestly, but any additional experience does not have a big effect on pay.

£18,887 - £38,660
£19K
£27K
£39K
MEDIAN: £26,794
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£15K£30K£45K
Salary
£18,887 - £38,660  
   
Bonus
£513 - £8,770  
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).
)
£19,586 - £43,352  
Country: United Kingdom | Currency: GBP | Updated: 4 May 2017 | Individuals Reporting: 86

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United States (change)

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Common Career Paths for Insurance Underwriter


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Insurance Underwriter Job Listings

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Pay by Experience Level for Insurance Underwriter

Pay by Experience for an Insurance Underwriter has a positive trend. An entry-level Insurance Underwriter with less than 5 years of experience can expect to earn an average total compensation of $24,000 based on 31 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. An Insurance Underwriter with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $28,000 based on 31 salaries. An experienced Insurance Underwriter which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $28,000 based on 32 salaries. An Insurance Underwriter with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $27,000 based on 16 salaries.

Pay Difference by Location

National Average: £27,240

Larger city markers indicate a job is popular in that location.

Related Job Salaries

Key Stats for Insurance Underwriter

Gender

Female
47 %
Male
53 %
Less than 1 year
1%
1-4 years
24%
5-9 years
26%
10-19 years
30%
20 years or more
18%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Insurance Underwriter Salaries

Experienced
▲4%

Mid-Career
▲4%

Late-Career
▼0%

National Average
₤27,000

Entry-Level
▼13%

Skills That Affect Insurance Underwriter Salaries

National Average
₤27,000

Risk Management / Risk Control
▼9%

Insurance
▼16%

Gender

Female
47 %
Male
53 %

Years of Experience

Less than 1 year
1%
1-4 years
24%
5-9 years
26%
10-19 years
30%
20 years or more
18%

Common Health Benefits

medical benefits
Medical: 44%
dental benefits
Dental: 13%
vision benefits
Vision: 21%
no benefits
None: 46%
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