Driving success in insurance underwriting
The team at Davies specialise in sourcing and referencing Underwriting talent in the London market thanks to our decades of insider experience and our broad reach. Most of our team have worked in the industry themselves and know what it takes to have a successful career in Underwriting Insurance.
What is Underwriting?
Underwriters, or Insurance Underwriters, determine a client’s eligibility for insurance by collating application information, running risk assessments, determining premiums and writing policy terms and conditions before insurance is granted. They balance the risk an insurance company runs when offering a policy with the premiums a customer should expect to pay.
Underwriters often specialise in a particular area of insurance, such as General, Life or Commercial insurance.
What is the average pay for Underwriting roles in London?
Qualified underwriters can expect to earn between £40,000-£90,000 in London with senior salaries starting at £75,000 and rising to £130,000.
For Assistant roles expect starting salaries to begin between £25,000-£30,000 rising to £45,000 with experience.
What kind of qualifications do you need for Underwriting roles?
There are no specific degree requirements for Underwriting roles however a degree in a relevant discipline such as Economics, Business, Maths or Law would be helpful. Large firms often offer graduate training or internship schemes which will offer the chance to gain experience and the chance to gain additional professional qualifications.
Other skills needed for Underwriting roles include analytical thinking, strong communication skills, knowledge of relevant technical software and experience in data handling.
Underwriting Roles we specialise in:
- Head of Underwriting
- Senior Underwriter
- Underwriter
- Assistant Underwriter
- Underwriting Assistant
- CAT Modeller
