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Entry Level Salary

£20,772.00

Average Salary

£30,681.51

Potential Salary

£61,598.48

Job Description

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.

Number of Jobs

Job counts include both employed and self-employed persons, and do not distinguish between full-time and part-time jobs

In the past two years

31

This year

16

Projected for the next 7 years

124

Tasks

  • Negotiates terms of reinsurance contracts.
  • Ensures that the insurance policy clearly defines the liabilities accepted and any exceptions or exclusions.
  • Calculates premiums, provides quotations and, if acceptable to the client, issues policies.
  • Liaises with insurance surveyors, actuaries and risk managers where the risks associated with a proposal are not clear.
  • Identifies and evaluates the risks associated with a proposal.
  • Receives and assesses proposals and propositions for insurance from brokers and clients.

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