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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
£27,853
£45,264
£101,073

New workers start around £27,853. Normal pay is £45,264 per year.
Highly experienced workers can earn up to £101,073.

Available jobs

In the past year there were 28,872 vacancies for this type of job

4.77%

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

  • Business Development

  • Loans

  • Risk Management

  • Profitable Growth

  • Underwriting Strategy

  • Auditing

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

  • Leadership

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

Economics with Data Science

University of Southampton

BSc (Hons) · 3 Years · Full-time · Southampton · 22/09/2025

Tariff points: 144/144

Finance with Foundation Year

Birkbeck, University of London

BSc (Hons) · 4 Years · Full-time including foundation year · London · 10/2025

Tariff points: 48/48

Finance and Investment Banking

University of Greenwich

BSc (Hons) · 4 Years · Sandwich · London · 09/2025

Tariff points: 120/120

Economics (with Foundation Year)

Bournemouth University

BSc (Hons) · 4 Years · Full-time including foundation year · Poole · 22/09/2025

Tariff points: 48/72

Banking and Finance

London Metropolitan University

BSc (Hons) · 3 Years · Full-time · Islington · 09/2025

Tariff points: 96/96

Finance

University of Stirling

BA (Hons) · 4 Years · Full-time · Stirling · 15/09/2025

Tariff points: N/A

Economics

University of Plymouth

BSc (Hons) · 4 Years · Sandwich · Plymouth · 15/09/2025

Tariff points: 112/128

Politics

University of Westminster, London

BA (Hons) · 3 Years · Full-time · London · 15/09/2025

Tariff points: 104/104

Economics

University of Leicester

BSc (Hons) · 3-4 Years · Full-time · Leicester · 22/09/2025

Tariff points: 128/144

Business Economics with Foundation Year

Sheffield Hallam University

BA (Hons) · 5 Years · Sandwich including foundation year · Sheffield · 22/09/2025

Tariff points: 64/64

Economics (Foundation Year)

Manchester Metropolitan University

BA (Hons) · 4 Years · Full-time · Manchester · 22/09/2025

Tariff points: 72/80

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