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.


  • Monitors accounting systems to determine accounts are being maintained effectively and provides information on accounting practices to auditors.
  • Ensures invoices and payments are correct and sent out on time.
  • Liaises with clients to ensure that payments are made on time and credit limits are not exceeded.
  • Produces, collates and reports financial information for managers.
  • Maintains profit and loss accounts, budgets, cash flow forecasts and other accounting records.

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

£29,328 Average wage

Average annual earnings

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

705 positions

Current Employment

The number of jobs in the career for the current year is 705. 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 £17,183, while highly experienced workers can earn as much as £76,378

Is it growing or declining?

This career has remained the same over the last 2 years, and is expected to remain the same over the next 4 years. Currently, 705 people are employed in the region.

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