Underwriter Salary (United Kingdom)

The average pay for an Underwriter is £27,034 per year. Most people with this job move on to other positions after 20 years in this field. A skill in Insurance is associated with high pay for this job. Pay for this job rises steadily for more experienced workers, but goes down noticeably for employees with more than 20 years' experience.
Underwriter Salary (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
£16,396 - £59,807
(Median)
16K
27K
38K
60K
MEDIAN: £27,034
10%
50%
75%
90%
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National Salary Data

 (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
£0£22K£44K£66K
Salary
£16,396 - £59,807  
   
Bonus
£480.25 - £12,584  
Profit Sharing
£0.00 - £22,300  
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).
)
£16,639 - £63,376  
PayScale
Country: United Kingdom | Currency: GBP | Updated: 2 Sep 2014 | Individuals Reporting: 388
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United States (change)
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Underwriter Job Listings

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Popular Employer Salaries for Underwriter

Pay by Experience Level for Underwriter

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

Pay Difference By Location

up arrow 45%
National Average
₤28,000
Bristol
up arrow 14%
Manchester
up arrow 16%
Leeds
up arrow 18%
Glasgow
up arrow 21%
Norwich
up arrow 34%
Darlington
up arrow 41%
Larger circles over a city indicate a job is popular in that 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.

Related Job Salaries

Experience Affects Underwriter Salaries

Experienced
up arrow 59%
Late-Career
up arrow 31%
Mid-Career
up arrow 15%
National Average
₤28,000
Entry-Level
up arrow 16%

Skills That Affect Underwriter Salaries

Insurance
up arrow 14%
Risk Management / Risk Control
up arrow 9%
National Average
₤28,000
Financial Analysis
up arrow 1%

Job Satisfaction

Highly satisfied Image
Highly satisfied
Rated 4 out of 5 based on 56 votes.

Gender

Female
43%
female alumni
 
Male
57%
male alumni

Years of Experience

Less than 1 year
8%
1-4 years
42%
5-9 years
30%
10-19 years
15%
20 years or more
6%

Common Health Benefits

medical benefits Medical: 57% dental benefits Dental: 15%
vision benefits Vision: 23% employee benefits None: 34%
Find Out Exactly What You Should Be Paid
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