Insurance Underwriters Career Details
About this Career
New workers start at around £19,367. Normal pay is £31,597 per year. Highly experienced workers can earn up to £74,798.
Job counts include both employed and self-employed persons in Greater London, and do not distinguish between full and part-time jobs.
Daily 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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