The average salary for an Insurance Underwriter is £26,388 per year. For the first five to ten years in this position, pay increases modestly, but any additional experience does not have a big effect on pay.

£20,079 - £37,498
£20K
£27K
£37K
MEDIAN: £26,746
10%
50%
90%
£0£42K
Salary £20,079 - £37,498
Bonus £585 - £5,068
Profit Sharing £0.00
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).
)
£20,438 - £42,212
  • Country: United Kingdom
  • Currency: GBP
  • Updated: 14 Oct 2017
  • Individuals Reporting: 77

Common Career Paths for Insurance Underwriter


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Insurance Underwriter Job Listings

Pay by Experience Level for Insurance Underwriter

Pay by Experience for an Insurance Underwriter has a positive trend. An entry-level Insurance Underwriter with less than 5 years of experience can expect to earn an average total compensation of ₤24,000 based on 31 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. An Insurance Underwriter with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of ₤28,000 based on 31 salaries. An experienced Insurance Underwriter which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of ₤28,000 based on 32 salaries. An Insurance Underwriter with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of ₤27,000 based on 16 salaries.

Pay Difference by Location

National Average: £27,126

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

Related Job Salaries

Key Stats for Insurance Underwriter

Gender

Female
36 %
Male
64 %
Less than 1 year
1%
1-4 years
24%
5-9 years
28%
10-19 years
32%
20 years or more
14%

Experience Affects Insurance Underwriter Salaries

Experienced
▲5%

Mid-Career
▲4%

Late-Career
▼0%

National Average
₤27,000

Entry-Level
▼12%

Skills That Affect Insurance Underwriter Salaries

National Average
₤27,000

Risk Management / Risk Control
▼8%

Insurance
▼15%

Gender

Female
36 %
Male
64 %

Years of Experience

Less than 1 year
1%
1-4 years
24%
5-9 years
28%
10-19 years
32%
20 years or more
14%

Common Health Benefits

medical benefits
Medical: 44%
dental benefits
Dental: 12%
vision benefits
Vision: 21%
no benefits
None: 47%