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Insurance underwriter: Salary and conditions

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  • Salaries for a trainee underwriter on a graduate scheme typically start on £25,000.
  • Senior underwriters can earn between £30,000 and £65,000.
  • For qualified underwriters with the right combination of qualifications, skills and experience salaries can exceed £100,000.
  • Salaries vary between employers and location and may include a range of additional benefits such as discounted insurance, share and pension schemes and bonuses.
  • Working hours are mainly Monday to Friday, 9am to 5pm, with some extra hours at busy times. Flexible hours are usually offered.
  • The work is mainly office based, with some visits to insurance brokers and/or client premises.
  • London is the UK's major insurance centre and therefore the majority of jobs are available in London and the surrounding areas. However, opportunities do exist in other cities and large towns.
  • Underwriters need to be able to make decisions about risks and work to tight deadlines.
  • Travel within a working day, absence from home overnight and overseas travel are uncommon.

Salary figures are intended as a guide only.

 
 
AGCAS
Written by AGCAS editors
Date: 
September 2014
 

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