2026 Insurance Underwriter
Salary Guide

Complete guide to Insurance Underwriter salaries, responsibilities, and career paths.

IU

Insurance Underwriter

FinanceInsurance

Average Salary

£25,000 – £50,000

Working Hours

37.5 hours/week

Job Information

  • Underwriters help manage risk for UK insurers

Other Names this Job is Known By

  • Risk Underwriter
  • Policy Underwriter

Key Responsibilities

  • Assess insurance applications and risks
  • Decide on policy terms and premiums
  • Liaise with brokers and clients
  • Review claims and renewals
  • Ensure compliance with regulations
  • Prepare reports and documentation
  • Stay updated on market trends
  • Support product development

Skills and Qualifications Required

  • Degree in business, finance, or insurance
  • CII qualifications
  • Experience in underwriting or insurance roles
  • Analytical and commercial awareness

Promotional Job Opportunities from this Role

  • Senior Underwriter
  • Team Leader
  • Product Manager
  • Consultant

How to Get the Job

  • Study business, finance, or insurance
  • Gain experience in underwriting or insurance roles
  • Obtain CII qualifications
  • Progress to senior or specialist positions

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