Insurance Underwriter Salary in North West
Official ONS earnings for North West.
Median salary — North West
£34,271
gross, per year, all employees
▲ 19.4% change on the previous year
Mean
£40,120
What a typical insurance underwriter takes home
On the median of £34,271, 2026/27 tax year, England, Wales and Northern Ireland rates, no pension or student loan.
Take-home a month
£2,350
Take-home a year
£28,195
Income Tax
£4,340
National Insurance
£1,736
What most insurance underwriters actually earn
Half of insurance underwriters in North West earn between £33,275 and £58,872. Earning above £58,872 puts you in the top quarter of the profession.
ONS suppresses the detailed spread for this occupation at regional level, so this range describes the wider “Finance Associate Professionals” group in North West.
The full pay range
Each bar is the salary at that percentile — the 25th means a quarter of insurance underwriters earn less than this.
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
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 North West?
The median is £34,271 a year and the mean is £40,120, according to the ONS Annual Survey of Hours and Earnings. Those cover all employees; ASHE publishes no full-time split at regional level.
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, so there is no separate rate for North West.
What is a good Insurance Underwriter salary?
Half of insurance underwriters earn between £33,275 and £58,872. Anything above £58,872 is in the top quarter for the role.
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 £27,334 and the lowest quarter under £33,275 — the range a new entrant is most likely to be offered.
Do insurance underwriters in North West earn more than the UK average?
The median in North West is £34,271 against £38,666 across the UK, 11.4% lower.
Has insurance underwriter pay gone up in the last year?
ASHE puts the year-on-year change in the median at +19.4% for this occupation in North West. That compares the latest survey with the one before it and is not adjusted for inflation.
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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