Average Early-Career Insurance Underwriter Salary in Australia

AU$62,368
Avg. SalaryShow Hourly Rate
AU$2,350
Bonus
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The average salary for an Early-Career Insurance Underwriter in Australia is AU$62,368.
10%
AU$45k
MEDIAN
AU$62k
90%
AU$80k
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Salary
AU$45k - AU$80k
Bonus
AU$2k - AU$10k
Total Pay
AU$45k - AU$81k

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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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Popular Skills for Insurance Underwriter

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. A mid-career Insurance Underwriter with 5-9 years of experience earns an average total compensation of AU$67,249 based on 19 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.

Pay Difference by Location

Learn more about cost of living by city.
Employees with Insurance Underwriter in their job title in Melbourne, Victoria earn an average of 5.4% more than the national average. The lowest salaries can be found in Perth, Western Australia (15.0% less) and Sydney, New South Wales (3.5% less).

Years of Experience

This data is based on 43 survey responses.
Entry Level
11.6%
Mid Career
44.2%
Experienced
32.6%
Late Career
11.6%

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