Average Late-Career Insurance Underwriter Salary in Australia

AU$115,000
Avg. Salary
AU$19,653
Bonus
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The average salary for a Late-Career Insurance Underwriter in Australia is AU$115,000.
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United States (change)
Salary
AU$0 - AU$115k
Bonus
AU$0 - AU$20k
Total Pay
AU$59k - AU$206k

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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.

Insurance Underwriter Job Listings

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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 25 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.

Years of Experience

This data is based on 64 survey responses.
Entry Level
7.8%
Early Career
39.1%
Mid Career
31.3%
Experienced
21.9%

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