Average Entry-Level Insurance Underwriter Salary in Australia

AU$57,808
Avg. SalaryShow Hourly Rate
AU$1,750
Bonus
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The average salary for an Entry-Level Insurance Underwriter in Australia is AU$57,808.
25%
AU$49k
MEDIAN
AU$58k
75%
AU$63k
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United States (change)
Salary
AU$49k - AU$63k
Bonus
AU$0 - AU$2k
Total Pay
AU$47k - AU$66k

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

Years of Experience

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

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