The average salary for an Insurance Underwriter, Commercial Property is £26,086 per year.

£18,032 - £36,256
£18K
£26K
£36K
MEDIAN: £25,918
10%
50%
90%
£0£36K
Salary £18,032 - £36,256
Bonus £0.00 - £3,109
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
£18,032 - £36,549
  • Country: United Kingdom
  • Currency: GBP
  • Updated: 18 Jan 2018
  • Individuals Reporting: 53

Job Description for Insurance Underwriter, Commercial Property

The essential function of a insurance underwriters for commercial properties is to determine risk factors and then write and present policies to agencies, using critical thinking skills to improve client retention. Generally, the underwriter holds a full-time position that requires a bachelor's degree in a relevant field. They need excellent knowledge of relevant laws and statutes pertaining to the insurance offerings. Many companies have a set of standards in place related to underwriting that must be strictly followed. For this reason, insurance underwriters for commercial properties must be detail-oriented and need to document all information and processes.

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Insurance Underwriter, Commercial Property 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, Commercial Property Pay By Employer

$0$106K

$60,250

$49,132

$67,664

$68,200

$48,614

Insurance Underwriter, Commercial Property Job Listings

Pay Difference by Location

National Average: £26,896

Larger city markers indicate a job is popular in that location.

Key Stats for Insurance Underwriter, Commercial Property

Gender

Female
42 %
Male
58 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 2 votes.
Less than 1 year
2%
1-4 years
40%
5-9 years
25%
10-19 years
15%
20 years or more
19%

Experience Affects Insurance Underwriter, Commercial Property Salaries

Late-Career
▲15%

Mid-Career
▲4%

National Average
₤27,000

Entry-Level
▼7%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 2 votes.

Gender

Female
42 %
Male
58 %

Years of Experience

Less than 1 year
2%
1-4 years
40%
5-9 years
25%
10-19 years
15%
20 years or more
19%

Common Health Benefits

medical benefits
Medical: 42%
dental benefits
Dental: 12%
vision benefits
Vision: 9%
no benefits
None: 48%