Insurance underwriter | Average UK Salary & Outlook

Insurance underwriters decide whether to insure a person or company, and set out the details of insurance policies.

  • Examine documents to determine degree of risk from factors such as applicant health, financial standing and value, and condition of property.
  • Decline excessive risks.
  • Write to field representatives, medical personnel, or others to obtain further information, quote rates, or explain company underwriting policies.
  • Evaluate possibility of losses due to
Read more about Insurance underwriter

Insurance underwriters typically work around 36 to 38 hours per week.

As a Insurance underwriter you will typically work between 8am and 6pm.

This occupation tends to be:

  • Investigative — Investigative occupations frequently involve working with ideas, and require an extensive amount of thinking. These occupations can involve searching for facts and figuring out problems mentally.
  • Realistic — Realistic occupations frequently involve work activities that include practical, hands-on problems and
Read more about Insurance underwriter
* from ONETonline
Average salary
38,885 GBP *
per year
15,000 GBP
100,000 GBP
Starting
5+ Experience
* data taken from the Office of National Statistics (ons.gov.uk)
Average salary for Insurance underwriter

  • 40,874 GBP
  • 36,407 GBP
Average salary for part-time Insurance underwriter
Average salary for full-time Insurance underwriter

Showing:
  • 23,653 GBP
  • 24,538 GBP
  • 38,885 GBP
  • 36,407 GBP
  • 40,874 GBP
Salary over time for Insurance underwriter

Salary for this role has increased over time
  • 45,445 GBP
  • 45,568 GBP
  • 39,963 GBP
  • 41,634 GBP
  • 46,438 GBP
  • 49,022 GBP
  • 38,885 GBP
  • 48,422 GBP
  • 50,151 GBP
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Future outlook for Insurance underwriters

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Balanced outlook
24 000+ jobs available
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Balanced outlook
1% yearly wage growth (on average)
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Balanced outlook
42% chance of automation in the future

Insurance underwriter - Your future job?


Which qualifications do I need?

Find out what you need to know in order to become a Insurance underwriter and the highest average level of education for people in this role.

In terms of people already doing this job:

  • 52% of people in this role have a Bachelor's degree
  • 30% of people in this role have a Master's degree
  • 13% of people in this role have some postgraduate study, but not a masters or doctorate

You'll need:

  • to be thorough and pay attention to detail
  • analytical thinking skills
  • patience and the ability to remain calm in stressful situations
  • the ability to work well with others
  • the ability to accept criticism and work well under pressure
  • knowledge of medicine and dentistry
  • excellent verbal communication skills
  • knowledge of English language
  • to be able to carry out basic tasks on a computer or hand-held device

Get the right qualification to begin your journey to becoming a Insurance underwriter

Insurance

Things to highlight for your Insurance underwriter interview

Attention to Detail Job requires being careful about detail and thorough in completing work tasks. Analytical Thinking Job requires analyzing information and using logic to address work-related issues and problems. Integrity Job requires being honest and ethical. Dependability Job requires being reliable, responsible, and dependable, and fulfilling obligations. Adaptability/Flexibility Job requires being open to change (positive or negative) and to considerable variety in the workplace.

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