The average pay for an Underwriter is £25,975 per year. Most people with this job move on to other positions after 20 years in this field. Skills that are associated with high pay for this job are Risk Management / Risk Control, Underwriting, and Insurance. Pay for this job rises steadily for more experienced workers, but goes down noticeably for the few employees with more than 20 years' experience.

£17,835 - £52,302
£18K
£26K
£52K
MEDIAN: £25,975
10%
50%
90%

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£9.39 - £15.05
£13
MEDIAN: £12.60
50%

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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£19K£38K£57K
Salary
£17,835 - £52,302  
   
Bonus
£507 - £9,753  
Profit Sharing
£0.00 - £2,679  
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).
)
£18,221 - £55,351  
Country: United Kingdom | Currency: GBP | Updated: 18 Jan 2017 | Individuals Reporting: 262
National Hourly Rate 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£10£20£30
Hourly Rate
£12.60  
   
Overtime
£17.49  
National Annualized 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
Bonus
£507 - £9,753  
   
Profit Sharing
£0.00 - £2,679  
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).
)
£18,221 - £55,351  
Country: United States | Currency: GBP | Updated: 18 Jan 2017 | Individuals Reporting: 5

Find Out Exactly What You Should Be Paid

United States (change)

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Common Career Paths for Underwriter


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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: £27,037

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

Underwriter Reviews

Q: 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.

Related Job Salaries

Key Stats for Underwriter

Gender

Female
32 %
Male
68 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 3 votes.
045
Less than 1 year
3%
1-4 years
45%
5-9 years
26%
10-19 years
20%
20 years or more
6%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Underwriter Salaries

Experienced
up arrow 49%

Late-Career
up arrow 29%

Mid-Career
up arrow 13%

National Average
₤27,000


Skills That Affect Underwriter Salaries

Risk Management / Risk Control
up arrow 13%

Underwriting
up arrow 13%

up arrow 11%

Financial Analysis
up arrow 2%

National Average
₤27,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 3 votes.

Gender

Female
32 %
Male
68 %

Years of Experience

Less than 1 year
3%
1-4 years
45%
5-9 years
26%
10-19 years
20%
20 years or more
6%

Common Health Benefits

medical benefits
Medical: 50%
dental benefits
Dental: 10%
vision benefits
Vision: 26%
dental benefits
None: 43%
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