Insurance Underwriter Salary
Official ONS earnings for the UK, covering 25,000 jobs.
Median salary
£38,666
gross, per year, all employees
▲ 11% change on the previous year
Full-time only
£41,610
Mean
£61,693
Jobs measured
25,000
What a typical insurance underwriter takes home
On the median of £38,666, 2026/27 tax year, England, Wales and Northern Ireland rates, no pension or student loan.
Take-home a month
£2,613
Take-home a year
£31,359
Income Tax
£5,219
National Insurance
£2,088
The full pay range
Each bar is the salary at that percentile — the 25th means a quarter of insurance underwriters earn less than this.
Insurance Underwriter salary by region
3 of 11 GB regions have a published figure for this occupation.
| Region | Median | Mean |
|---|---|---|
| West Midlands | £36,171 | £44,482 |
| North West | £34,271 | £40,120 |
| Wales | £27,258 | £31,798 |
Where this figure comes from
- ONS occupation group
- Insurance underwriters
- SOC 2020 code
- 3532
- Measure
- Gross annual pay, all employees
- Edition
- ONS Annual Survey of Hours and Earnings, 2025 provisional
ONS publishes a sampling error of 12.0% for this figure and asks that anything above 10% is treated as imprecise — too few people in this region answered the survey for this occupation. The figure is shown because it is the one ONS published, but it is not firm enough to rank this region against anywhere else, so this page doesn't.
Source: Office for National Statistics, Annual Survey of Hours and Earnings. Contains public sector information licensed under the Open Government Licence v3.0. Figures are estimates from a survey of PAYE jobs and are not financial advice.
Insurance Underwriter salary FAQs
What is the average Insurance Underwriter salary in the UK?
The median is £38,666 a year and the mean is £61,693, according to the ONS Annual Survey of Hours and Earnings. Those cover all employees; full-time employees alone have a median of £41,610.
How much does a insurance underwriter earn per hour?
Across the UK the median hourly rate is £23.32 excluding overtime, or £23.58 for full-time employees. ASHE publishes hourly pay by occupation nationally only.
What is the starting salary for a insurance underwriter?
ASHE does not record experience, so there is no official starting salary. What it does show is that the lowest-paid 10% of insurance underwriters earn under £25,177 and the lowest quarter under £30,186 — the range a new entrant is most likely to be offered.
Has insurance underwriter pay gone up in the last year?
ASHE puts the year-on-year change in the median at +11.0% for this occupation in the UK. That compares the latest survey with the one before it and is not adjusted for inflation.
How many insurance underwriters are there in the UK?
ASHE counts around 25,000 employee jobs in “Insurance underwriters” (SOC 3532) in the UK. Self-employed work is not included.
Is this figure official?
Yes. It comes from the ONS Annual Survey of Hours and Earnings, an accredited official statistic based on employer PAYE records.
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