Skip navigation
Back

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.

Wages

New workers
AVERAGE
Experienced
£16,013
£29,646
£64,057

New workers start around £16,013. Normal pay is £29,646 per year.
Highly experienced workers can earn up to £64,057.

Available jobs

In the past year there were 28,639 vacancies for this type of job

3.52%

Projected job growth over the next 8 years

Related courses

People work towards these careers by taking these courses at college and uni.

What they do most days?

  • 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.

Hard Skills

Hard skills are specific, learnable, measurable, often industry or occupation-specific abilities related to a position.

Skills are ranked based on the number of job adverts that list them as required skills.

  • Underwriting

  • Finance

  • Business Planning

  • Reinsurance

  • Loans

  • Profitable Growth

  • Business Development

  • Data Analysis

  • Risk Management

  • Risk Analysis

Soft Skills

Soft skills can be self-taught and usually do not necessitate a certain completed level of education.

Skills are ranked based on the number of job adverts that list them as required skills.

  • Communication

  • Management

  • Customer Service

  • Detail Oriented

  • Negotiation

  • Sales

  • Decision Making

  • Analytical Skills

  • Influencing Skills

  • Relationship Management

How do I get a job like this?

People in these types of job started their career paths after studying courses like the ones below.

Routes to this career

See all

Mathematics

University of Plymouth

BSc (Hons) · 3 Years · Full-time · Plymouth · 16/09/2024

Tariff points: 112/128

Mathematics with Foundation Year

Liverpool John Moores University

BSc (Hons) · 4 Years · Full-time including foundation year · Liverpool · 16/09/2024

Tariff points: 88/96

Accounting and Financial Studies

University of Central Lancashire

BA (Hons) · 3 Years · Full-time · Preston · 23/09/2024

Tariff points: 104/112

Accounting

University Academy 92 (UA92)

CertHE · 1 Year · Full-time · Manchester · 04/11/2024

Tariff points: 64/64

Mathematics

University of Bristol

BSc (Hons) · 3 Years · Full-time · Bristol · 09/2024

Tariff points: N/A

Mathematics

Keele University

BSc (Hons) · 3 Years · Full-time · Keele · 09/2024

Tariff points: N/A

Professional Accountancy

University of Stirling

BA (Hons) · 3 Years · Full-time · Stirling · 09/09/2024

Tariff points: N/A

Accounting and Finance

London Metropolitan University

BA (Hons) · 3 Years · Full-time · Islington · 09/2024

Tariff points: 96/96

Accounting

University of Roehampton

BSc (Hons) · 3 Years · Full-time · London · 09/2024

Tariff points: 112/112

Mathematics (with Foundation Year)

Nottingham Trent University

BSc (Hons) · 4 Years · Full-time including foundation year · Nottingham · 13/09/2024

Tariff points: 72/72

Related careers

Finance and Investment Analysts and Advisers

Brokers

Data Analysts

Local Government Administrative Occupations

Book-keepers, Payroll Managers and Wages Clerks

Pensions and Insurance Clerks and Assistants

Stock Control Clerks and Assistants

Company Secretaries and Administrators

Receptionists

Call and Contact Centre Occupations

Related industry guides

See all

Finance and accounting