Average Insurance Underwriter salary in the UK

Assistant Underwriter – US PropertySalary: Up to £75,000 (depending on experience)Location: London (Hybrid – 3 days in the office, 2 from home)About the CompanyOur client is a specialist, fast-growing insurance brokerage and underwriting business with an excellent reputation across the London market. Known for their technical expertise and entrepreneurial culture, they work closely with global partners to deliver bespoke insurance solutions across multiple lines.Due to continued expansion, they are now looking for an experienced Assistant Underwriter with a background in US Property to join their highly skilled underwriting team.The RoleThis is an exciting opportunity for a technically strong insurance professional to take on a key role supporting the underwriting of US property risks. You’ll work alongside experienced underwriters, supporting both the analysis and execution of complex risks, while helping maintain strong broker relationships and ensuring operational excellence.The ideal candidate will already have experience working within the US property market (open market or binder business) and be eager to further develop their underwriting expertise in a collaborative, growth-focusedenvironment.Key ResponsibilitiesSupport underwriters in the review, analysis, and underwriting of US property accounts, ensuring adherence to risk appetite and underwriting guidelines.Prepare and manage documentation including slips, endorsements, and binders.Maintain accurate and up-to-date records in line with compliance and audit requirements.Liaise with brokers to gather risk information, respond to queries, and support the placement of business.Contribute to portfolio analysis, pricing, and renewal processes.Assist in the preparation of reports and presentations for internal and external stakeholders.Help identify opportunities to improve efficiency and strengthen client/broker relationships.About YouProven experience in an underwriting support or assistant underwriter role (essential).Strong understanding of the London insurance market, terminology, and processes.Excellent attention to detail and organisational skills.Strong communication skills, able to interact confidently with underwriters and brokers.Proactive, analytical, and eager to learn.Comfortable working in a hybrid environment (3 days in London office, 2 remote).What’s on OfferSalary up to £75,000, depending on experience.Hybrid working model (3 office days per week).Opportunity to work closely with highly experienced underwriters on a diverse portfolio of US property risks.Collaborative, ambitious, and professional working environment.Due to the high amount of interest that we receive for each of our roles unfortunately we cannot respond to each application individually, therefore if you do not hear back from one of our consultants you have not been shortlisted for this role.Please note that our client is an equal opportunities Employer and adheres to all relevant legislation and offer services regardless of age, race, sex, disability, or religious belief.

An excellent opportunity has become available for Underwriters to join a global financial services provider. The job is available on either a hybrid or remote working basis (please note that initial training in the office is expected as is 1 day a month for team building purposes and attendance when business needs arise).They are looking to hire 4 Underwriters (at varying levels of experience). The salary range is very broad and is dependent on the level of experience and mandates. Key responsibilities include:Handle dealer enquiries professionally via phone and email.Support the conversion of declined finance applications into acceptable proposals within risk guidelines.Manage deferred applications by following up promptly and thoroughly.Assess referred finance proposals within delegated authority; escalate when needed.Interpret financial statements to make informed credit decisions.Investigate CIFAS alerts diligently and escalate potential fraud cases.Proactively flag operational issues and suggest practical solutions.Meet departmental KPIs and service standards.Collaborate across departments to support operational goals.Contribute flexibly to team tasks as required.Maintain compliance with internal policies, industry standards, and relevant legislation (e.g., Consumer Credit Act, Money Laundering, Data Protection).Actively safeguard the business against fraud and financial risk.To be considered for this role, you must have:Asset underwriting experience is preferred, however candidates with Banking Underwriting, including Mortgages will also be considered as well as Insurance Underwriting.A keen eye for detailStrong communication skillsA pro-active attitudeThe ability to work well in a team and independentlyBe a forward-thinking problem solverThe successful candidates will be rewarded with a competitive salary, excellent career progression and potential bonus.

We are currently working in partnership with a large national company based in Coventry, who are recruiting for a Credit Underwriter on a 12 month fixed term contract to cover maternity leave. The position is due to start in January, and the salary on offer is £38,000.The successful candidate will join the Credit & Underwriting department and will ensure the timely management for all credit applications for private, SMEs and large corporate clients. The department also enforces and monitors the fraud prevention system, in accordance with local and Head Quarter policies.Duties will include (but are not limited to):Assessing risks by manually underwriting dealer proposals in accordance with the company credit/underwriting policy rulesEnsuring that the quality of underwriting decisions is in accordance with company tolerances and credit policy rule setsUndertaking the appropriate analysis of financial statements in order to assist in reaching timely and accurate conclusions on the ReferralEnsuring the timely evaluation of credit requests up to £100,000 with escalation to Head of Credit if exceededEnsuring Underwriting work and email queues are reviewed in accordance with agreed queue status review targetsExperience required:Minimum 3 years’ experience in an underwriting consumer credit or credit analyst position in financial servicesExperience in the automotive or consumer finance industry is advantageousSkills, knowledge and expertise required:Awareness of regulatory requirements and of the FCA HandbookProficient IT skills and competent user in Microsoft Office (Word, Excel)Minimum 3 years’ experience in an underwriting consumer credit or credit analyst position in financial servicesRewards and benefits:26 days holiday + bank holidaysPension2 x ECS vehiclesPrivate medical insurance – single coverWorking hours:37 hours per weekMonday – Friday, 9am-5pmPlease note that you require recent experience to apply for this role.James Andrews is acting as an employment agency and business in relation to this role.At James Andrews Recruitment Solutions we try to respond to all applications personally, however, due to the high volume of applications this is not always possible. If you have not heard back from us within 72 hours, please assume that your application has been unsuccessful on this occasion.Don’t forget our recommendation scheme: Recommend a friend or colleague to us and receive up to £100 each once they have completed 20 days in a role via James Andrews! Terms and conditions apply, contact us for details.