An Insurance Underwriter earns an average salary of AU$62,512 per year. People in this job generally don't have more than 20 years' experience. Pay for this job does not change much by experience, with the most experienced earning only a bit more than the least.

AU$44,644 - AU$84,052
AU$45K
AU$63K
AU$84K
MEDIAN: AU$62,997
10%
50%
90%
AU$0AU$85K
Salary AU$44,644 - AU$84,052
Bonus AU$0.00 - AU$10,033
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).
)
AU$45,382 - AU$85,232
  • Country: Australia
  • Currency: AUD
  • Updated: 18 Jan 2018
  • Individuals Reporting: 57

Job Description for Insurance Underwriter

An insurance underwriter helps assess risks, analyze payment and premiums related to those risks, and determine if a business or entity should be insured. Insurance underwriters typically work in an insurance company and must have strong accounting and statistical analysis skills.

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Insurance Underwriter Tasks

  • Analyze new and renewal business, data, claim history, loss experience, and outcome of liability decisions.
  • Underwrite, submit, approve or pend coverage amounts and premiums, and present decisions to management.
  • Monitor existing policies for compliance with company guidelines.
  • Manage underwriting territory and select new business based on analysis of their profitability.

Insurance Underwriter Pay By Employer

$0$115K

$67,000

$69,646

$40,976

$61,400

$59,617

$65,000

$57,860

$66,866

$77,885

$61,309

Insurance Underwriter Job Listings

Pay Difference by Location

National Average: AU$63,464

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

Key Stats for Insurance Underwriter

Gender

Female
39 %
Male
61 %
Less than 1 year
5%
1-4 years
49%
5-9 years
21%
10-19 years
20%
20 years or more
5%

Experience Affects Insurance Underwriter Salaries

▲12%

▲3%

National Average
AU$63,000

▼5%

Gender

Female
39 %
Male
61 %

Years of Experience

Less than 1 year
5%
1-4 years
49%
5-9 years
21%
10-19 years
20%
20 years or more
5%

Common Health Benefits

medical benefits
Medical: 11%
dental benefits
Dental:
vision benefits
Vision: 3%
no benefits
None: 89%