Insurance underwriters roles in the UK earn a median of £40,000 per year, equivalent to £22.47 per hour as of 2025. Pay increased 13.1% compared to the previous year. Regionally, pay ranges from £27,500 in Wales to £49,000 in London. Pay has risen over the past 5 years. The ONS national median for this occupation is £41,610/yr (4% below our computed national average).
Median Annual Pay
£40,000
as of 2025
High confidenceMedian Hourly Pay
£22.47
per hour
Year-on-Year Change
+13.1%
vs 2024
Annual Pay Range
£30,500 – £53,000
25th – 75th percentile
There is currently not sufficient data available for this occupation to say anything about the labour market.
Median annual pay for Insurance underwriters across UK regions.
Source: ONS ASHE. Based on broad UK regions (NUTS1).
| Region | Median Pay |
|---|---|
| London | £49,000 |
| South East | £44,000 |
| East | £42,500 |
| Scotland | £42,000 |
| South West | £40,000 |
| East Midlands | £39,500 |
| West Midlands | £39,500 |
| North East | £39,000 |
| Yorkshire and The Humber | £39,000 |
| North West | £33,500 |
| Wales | £27,500 |
| UK | £40,000 |
Annual pay grew by +13.1% from 2024 to 2025.
National average (NUTS1 actuals) based on ONS ASHE April snapshot.
Annual percentage change in median pay for Insurance underwriters.
Percentage change from the prior year's April figure.
The median salary for a Insurance underwriters in the UK is £40,000 per year (about £22.47 per hour), based on official ONS data for 2025.
Most Insurance underwriters earn between £30,500 and £53,000 a year (the 25th to 75th percentile of UK pay).
Insurance underwriters pay rose by 13.1% from 2024 to 2025.
The highest median pay for Insurance underwriters is in London, at £49,000 per year.
For job seekers
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For employers & recruiters
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.
There are no formal academic requirements, although many employers expect entrants to study for and attain the associateship examinations of the Chartered Insurance Institute. Entrants to professional examinations usually require GCSEs/S grades and A levels/H grades, or a BTEC/SQA award.
Salary data is sourced from official UK pay datasets and updated periodically.