The average salary for an Experienced Insurance Underwriter, Commercial Property in United Kingdom is £33,000.
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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.
Insurance Underwriter, Commercial Property Job Listings
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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. In their late career (20 years and higher), employees earn an average total compensation of £30,374.
Years of Experience
This data is based on 31 survey responses.