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At Pertemps,
The average salary for:

Insurance Underwriter
is £40,000

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Avg Salary

How has the Average Insurance Underwriter annual salary changed in the last 2 years?

The average annual salary for a Insurance Underwriter is £40,000. Salary estimates are based on jobs posted to Pertemps for Insurance Underwriter jobs.

JOB DESCRIPTION

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

QUALIFICATIONS

There are no formal academic requirements, although many employers expect entrants to study for and attain the associateship examinations of the Chartered Insurance Institute. Entrants to professional examinations usually require GCSEs/S grades and A levels/H grades, or a BTEC/SQA award.

TASKS

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

Salaries from this search have been calculated using current and historical roles, which have been advertised with Pertemps in the last 2 years. Data is updated in real time as jobs are posted, and the search results calculate averages of all job posts that fit the role category.

Salary comparison results are intended as a rough guide only. Actual salaries may vary based on qualifications, experience, location and company type. Salary figures do not include bonuses or benefits.

We do not collect your salary information, this is only used for the page to provide you with enhanced information. Weekly pay is calculated by dividing the annual salary by 48 working weeks.

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