Underwriter Salary

The average pay for an Underwriter is £26,945 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.

£17,231 - £54,335
(Median)
£17K
£27K
£54K
MEDIAN: £26,945
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£20K£40K£60K
Salary
£17,231 - £54,335  
   
Bonus
£485.48 - £9,834  
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).
)
£17,339 - £58,509  
Country: United Kingdom | Currency: GBP | Updated: 19 Sep 2015 | Individuals Reporting: 437
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Insurance 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

National Average: £27,996

Larger city markers 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.

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Experience Affects Underwriter Salaries

Experienced
up arrow 39%

Mid-Career
up arrow 21%

Late-Career
up arrow 12%

National Average
₤28,000


Skills That Affect Underwriter Salaries

up arrow 13%

Risk Management / Risk Control
up arrow 9%

Underwriting
up arrow 1%

National Average
₤28,000

Financial Analysis
up arrow 2%

Job Satisfaction

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

Gender

Female
40 %
Male
60 %

Years of Experience

Less than 1 year
7%
1-4 years
42%
5-9 years
29%
10-19 years
16%
20 years or more
6%

Common Health Benefits

medical benefits
Medical: 56%
dental benefits
Dental: 16%
medical benefits
Vision: 24%
dental benefits
None: 35%
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