Insurance underwriters Pay Data UK — 2025

Insurance underwriters roles in the UK earn a median of £40,923 per year, equivalent to £22.32 per hour as of 2025. This represents a 11.7% increase in annual pay compared to the previous year. Pay varies across the UK, ranging from £25,841 to £62,930 per year.

How Pay Varies Across the UK

Each bar shows how many areas of the UK have a median annual pay in that range for Insurance underwriters roles. The dashed line marks the national median.

Based on sub-regional area data. Want a precise figure for your area?

About Insurance underwriters

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.

Typical Tasks and Duties

• 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

Entry Routes and 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.

Related Occupations

Salary data is sourced from official UK pay datasets and updated periodically.