Annual Salary
£18,000 to £65,000
Average UK salary in 2023 was £34,963
(source Office for National Statistics)
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Insurance underwriters decide whether to insure a person or company, and set out the details of insurance policies.
Average UK salary in 2023 was £34,963
(source Office for National Statistics)
You could work: between 8am and 6pm;
There will be
2.9% more Insurance underwriter jobs in 2027.
In your day-to-day tasks you could:
You could work in an office.
You can get into this job through:
You could take a degree before applying for a place on an insurance company's training scheme. Relevant degrees include:
It will help to get some relevant work experience whilst you're studying, for example through an internship.
You'll usually need:
You could do a T Level in Finance and then apply for trainee insurance underwriter roles and work towards further qualifications on the job.
You'll need:
You could start by doing an insurance practitioner advanced apprenticeship.
You could also take an insurance professional higher apprenticeship, depending on your background and qualifications.
These take between 24 to 36 months to complete with a mix of workplace learning and study.
You'll usually need:
You may be able to join an insurance company as a junior underwriter and work your way up by doing qualifications on the job, for example, like those offered by the Chartered Insurance Institute.
Employers set their own entry requirements, but it will help if you have GCSEs in English and maths, 1 or 2 A levels, and know how to use common office software, including spreadsheets.
You could apply to join a company's graduate training scheme if you've got a degree. Most subjects are accepted though you may have an advantage if you've studied business, maths or economics.
You could join the Chartered Insurance Institute for professional development and training opportunities.
You can find out more about working in insurance from the Chartered Insurance Institute and Step Forward.
With experience, you could deal with more complex risks.
You could also move into management or apply for related jobs like risk management, loss adjusting and claims management.
You could join the Chartered Insurance Institute for professional development and training opportunities.
You can find out more about working in insurance from the Chartered Insurance Institute and Discover Risk
You'll need: