Average Insurance Underwriter Salary in Sydney, New South Wales

AU$60,694
Avg. Salary
AU$6,000
Bonus
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The average salary for an Insurance Underwriter in Sydney, New South Wales is AU$60,694.
10%
AU$45k
MEDIAN
AU$61k
90%
AU$84k
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United States (change)
Salary
AU$45k - AU$84k
Bonus
AU$2k - AU$10k
Total Pay
AU$45k - AU$83k

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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 early career Insurance Underwriter with 1-4 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of AU$60,173 based on 10 salaries. A mid-career Insurance Underwriter with 5-9 years of experience earns an average total compensation of AU$65,000 based on 6 salaries.
Employees with Insurance Underwriter in their job title in Brisbane, Queensland earn an average of 18.6% more than the national average. These job titles also find higher than average salaries in Melbourne, Victoria (12.6% more) and Adelaide, South Australia (9.8% more). The lowest salaries can be found in Perth, Western Australia (2.3% less).

Years of Experience

This data is based on 16 survey responses.
Early Career
62.5%
Mid Career
37.5%

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