Average Insurance Underwriter Salary in United Kingdom

£26,925
Avg. Salary
£1,983
Bonus
£3,000
Profit Sharing
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The average salary for an Insurance Underwriter in United Kingdom is £26,925.
10%
£19k
MEDIAN
£27k
90%
£60k
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United States (change)
Salary
£19k - £60k
Bonus
£582 - £14k
Profit Sharing
£325 - £35k
Total Pay
£20k - £64k

Your Market Worth Over Time

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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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Popular Skills for Insurance Underwriter

Skills in Commercial, Risk Management / Risk Control and Data Analysis are correlated to pay that is above average. Skills that pay less than market rate include Customer Service and Insurance.

Pay by Experience Level for Insurance Underwriter

An entry-level Insurance Underwriter with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of £21,255 based on 18 salaries. An early career Insurance Underwriter with 1-4 years of experience earns an average total compensation of £23,880 based on 45 salaries. A mid-career Insurance Underwriter with 5-9 years of experience earns an average total compensation of £27,011 based on 40 salaries. An experienced Insurance Underwriter with 10-19 years of experience earns an average total compensation of £28,858 based on 38 salaries. In their late career (20 years and higher), employees earn an average total compensation of £33,836.
Employees with Insurance Underwriter in their job title in London, England: London earn an average of 32.1% more than the national average. The lowest salaries can be found in Perth, Scotland: Perth and Kinross (25.7% less), Glasgow, Scotland: Glasgow (17.5% less) and Manchester, England: Manchester (15.5% less).

Years of Experience

This data is based on 173 survey responses.
Entry Level
10.4%
Early Career
26.0%
Mid Career
23.1%
Experienced
22.0%
Late Career
18.5%

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