Average Insurance Underwriter Salary in Australia

AU$64,592
Avg. SalaryShow Hourly Rate
AU$2,948
Bonus
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The average salary for an Insurance Underwriter in Australia is AU$64,592.
10%
AU$47k
MEDIAN
AU$65k
90%
AU$87k
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United States (change)
Salary
AU$47k - AU$87k
Bonus
AU$2k - AU$16k
Total Pay
AU$48k - AU$89k

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Job Description for Insurance Underwriter

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.

Popular Employer Salaries for Insurance Underwriter

Insurance Underwriter Job Listings

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Popular Skills for Insurance Underwriter

Skills in Insurance and Risk Management / Risk Control are correlated to pay that is above average. Skills that pay less than market rate include Customer Service.

Pay by Experience Level for Insurance Underwriter

An entry-level Insurance Underwriter with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of AU$57,808 based on 5 salaries. An early career Insurance Underwriter with 1-4 years of experience earns an average total compensation of AU$61,931 based on 24 salaries. A mid-career Insurance Underwriter with 5-9 years of experience earns an average total compensation of AU$67,524 based on 20 salaries. An experienced Insurance Underwriter with 10-19 years of experience earns an average total compensation of AU$68,424 based on 14 salaries. In their late career (20 years and higher), employees earn an average total compensation of AU$115,000.
Employees with Insurance Underwriter in their job title in Adelaide, South Australia earn an average of 14.1% more than the national average. These job titles also find higher than average salaries in Brisbane, Queensland (11.5% more) and Melbourne, Victoria (4.6% more). The lowest salaries can be found in Perth, Western Australia (8.2% less) and Sydney, New South Wales (6.8% less).

Years of Experience

This data is based on 68 survey responses.
Entry Level
7.4%
Early Career
35.3%
Mid Career
29.4%
Experienced
20.6%
Late Career
7.4%

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