Underwriter Salary

The average pay for an Underwriter is £26,911 per year. Most people move on to other jobs if they have more than 20 years' experience in this field. Pay for this job rises steadily for more experienced workers, but goes down significantly for employees with more than 20 years' experience.

£16,939 - £54,057

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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.
£16,939 - £54,057  
£484.79 - £9,892  
Profit Sharing
£0.00 - £1,762  
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).
£17,118 - £58,783  
Country: United Kingdom | Currency: GBP | Updated: 18 Jul 2015 | Individuals Reporting: 414
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Pay by Experience Level for Underwriter

Median of all compensation (including tips, bonus, and overtime) by years of experience.

Pay Difference by Location

Underwriter Reviews

What is it like working as an Underwriter?

Underwriter in Newcastle:
"Great Company With Some Terrible Middle Managers."
Pros: The pay and bonus.
Cons: Terrible managers. Pressure, deadlines, no thanks. Morbid office - more like school.

What do you wish you knew about your job when you first started out?

Underwriter in Bristol:
"Stick With It."
You'll start at the bottom but if you put in the time and you are any good, with the right attitude you'll get to a good place after a few years. You'll learn on the job and gain experience and if you can show improvement and greater understanding you'll get further than you might think. It's not mega bucks so if that's what you want then underwriting is not your long term plan (go take actuarial exams or become a sales person) but its an interesting and engaging job with financial rewards that will put you at least at a comfortable UK average salary and a good bonus and perks.

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Experience Affects Underwriter Salaries

up arrow 55%

up arrow 17%

up arrow 12%

National Average

up arrow 13%

Skills That Affect Underwriter Salaries

up arrow 10%

Risk Management / Risk Control
up arrow 9%

up arrow 1%

National Average

Financial Analysis
up arrow 2%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 63 votes.


41 %
59 %

Years of Experience

Less than 1 year
1-4 years
5-9 years
10-19 years
20 years or more

Common Health Benefits

medical benefits Medical: 57% dental benefits Dental: 17%
vision benefits Vision: 23% employee benefits None: 35%