Insurance underwriters roles in the UK earn a median of £33,978 per year, equivalent to £19.27 per hour as of 2024. This represents a 0.6% increase in annual pay compared to the previous year. Pay varies across the UK, ranging from £26,259 to £53,183 per year.
Median Annual Pay
£33,978
as of 2024
Median Hourly Pay
£19.27
per hour
Year-on-Year Change
+0.6%
vs 2023
Annual Pay Range
£28,033 – £47,555
25th – 75th percentile
Each bar shows how many areas of the UK have a median annual pay in that range for Insurance underwriters roles. The dashed line marks the national median.
Based on sub-regional area data. Want a precise figure for your area?
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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.