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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 polices which provide financial compensation in the event of loss.

Wages

New workers
AVERAGE
Experienced
£ 21,395
£ 38,414
£ 69,949

New workers start around £21,395. Normal pay is £38,414 per year. Highly experienced workers can earn up to £69,949.

Available jobs

In the past year there were 27,477 vacancies for this type of job

4.34%

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

  • Key Performance Indicators (KPIs)

  • Auditing

  • Finance

  • Risk Analysis

  • Risk Management

  • Accounting

  • Loans

  • Marketing

  • Financial Services

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.

  • Communications

  • Management

  • Customer Service

  • Leadership

  • Team Leadership

  • Detail Oriented

  • Sales

  • Operations

  • Planning

  • Coaching

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

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