Insurance underwriter

Insurance underwriters identify and measure the risks associated with an activity, determine whether this risk is insurable and issue insurance polices which provide financial compensation in the event of loss.


  • Negotiates terms of reinsurance contracts.
  • Ensures that the insurance policy clearly defines the liabilities accepted and any exceptions or exclusions.
  • Calculates premiums, provides quotations and, if acceptable to the client, issues policies.
  • Liaises with insurance surveyors, actuaries and risk managers where the risks associated with a proposal are not clear.
  • Identifies and evaluates the risks associated with a proposal.
  • Receives and assesses proposals and propositions for insurance from brokers and clients.

Typical Education Level

Level 3 NVQ; A Levels

Will retirement created job openings

In the UK, 11% in this profession are aged 55 or above.* They will likely retire in the next 10 years, creating a demand for new workers

*This is based on national data


Average annual earnings

The current average wage for insurance underwriter is £29,328

610 positions

Current Employment

The number of jobs in the career for the current year is 610. Job counts include both employed and self-employed persons, and do not distinguish between full- and part-time jobs.


Job Postings

Over the past year, jobs have been posted for insurance underwriter roles.

How well does it pay?

Normal pay for this occupation is £29,328 per year. That is about £2,444 per month or £15.04 per hour. New workers generally start on £21,923, while highly experienced workers can earn as much as £53,123

Is it growing or declining?

This career has shrunk over the last 2 years, and is expected to remain the same over the next 4 years. Currently, 610 people are employed in the region.

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