Average Experienced Insurance Underwriter Salary in Australia

AU$68,424
Avg. Salary
AU$3,000
Bonus
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The average salary for an Experienced Insurance Underwriter in Australia is AU$68,424.
10%
AU$49k
MEDIAN
AU$68k
90%
AU$93k
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United States (change)
Salary
AU$49k - AU$93k
Bonus
AU$500 - AU$10k
Total Pay
AU$49k - AU$92k

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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. In their late career (20 years and higher), employees earn an average total compensation of AU$115,000.

Pay Difference by Location

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Years of Experience

This data is based on 55 survey responses.
Entry Level
9.1%
Early Career
45.5%
Mid Career
36.4%
Late Career
9.1%

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