Insurance Underwriter

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Insurance underwriters assess the risk attached to a client’s request for insurance cover. They decide whether to accept the risk and work out how much to charge for the insurance policy.

The Work

You could be:


The figures below are only a guide. Actual pay rates may vary, depending on:

The starting salary for graduate trainees, or those with 1-2 years experience is likely to be between £20,000 and £28,000 a year.

Experienced and qualified underwriters can expect to earn up to £45,000 a year. Underwriting claims managers can make considerably more than £45,000 per year, depending on the area of insurance. Some senior managers can earn in excess of £100,000 a year.

There may also be benefits such as bonuses, cheap mortgages and insurance and a pension scheme.


Workforce Employment Status

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Getting In

There are jobs in large and small insurance firms throughout the UK. Some firms specialise in one type of insurance, such as life assurance or travel insurance.

You will find jobs advertised in the press, on the internet and through financial services recruitment agencies.

What Does it Take?

You need to have:

You need to be:


Getting On

More Information

Salaries tend to be higher in the more complex areas of commercial and risk liability insurance.

Specialist courses for those working in the London Insurance Market are run by the CII.

Aviva advertise their apprenticeships on the AVIVA Apprenticeship Programme website.The roles are based throughout the UK, including Glasgow and Perth.


Courtesy of Hiscox Insurance


The following organisations may be able to provide further information.

Chartered Insurance Institute (CII)
Tel: 020 8989 8464
Website (2):
Twitter: @CIIGroup

Financial Conduct Authority (FCA)
Tel: 0800 111 6768
Twitter: @TheFCA

The FCA is the regulatory authority for the financial services industry in the UK. Their aim is to protect consumers, ensure the industry remains stable and promote healthy competition between financial services providers.

Institute of Risk Management (IRM)
Tel: 020 7709 9808
Twitter: @irmglobal

London Institute of Banking and Finance
Tel: 01227 818609
Twitter: @StudyLIBF

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