The average salary for an Insurance Underwriter, Commercial Property in United Kingdom is £25,105.
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£20k - £38k
£509 - £8k
£20k - £38k
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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 …Read more
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.
Explore the most common career paths for Insurance Underwriter, Commercial Property. Thickness and color of lines indicates popularity of movement from one job to the next. Visit our career path planner to research other job paths.
Insurance Underwriter, Commercial Property
More common (> 20%)
Somewhat common (8 - 20%)
Less common (< 8%)
Insurance Underwriter, Commercial Property Job Listings
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Popular Skills for Insurance Underwriter, Commercial Property
Skills that pay less than market rate include Risk Management / Risk Control, Negotiation and Insurance.
Pay by Experience Level for Insurance Underwriter, Commercial Property
An early career Insurance Underwriter, Commercial Property with 1-4 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of £22,890 based on 17 salaries. A mid-career Insurance Underwriter, Commercial Property with 5-9 years of experience earns an average total compensation of £23,000 based on 5 salaries. An experienced Insurance Underwriter, Commercial Property with 10-19 years of experience earns an average total compensation of £33,000 based on 7 salaries. In their late career (20 years and higher), employees earn an average total compensation of £30,374.
Pay Difference by Location
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Employees with Insurance Underwriter, Commercial Property in their job title in London, England: London earn an average of 99.2% more than the national average. These job titles also find higher than average salaries in Birmingham, England: Birmingham (15.5% more) and Manchester, England: Manchester (3.7% more). The lowest salaries can be found in Glasgow, Scotland: Glasgow (0.4% less).
Years of Experience
This data is based on 38 survey responses.