Underwriting Consultant salary in United Kingdom

Average Yearly Salary of Underwriting Consultant in United Kingdom is approximately 57,163 GBP (67,392 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.

What does Underwriting Consultant do?

An underwriting consultant is a professional who assesses and evaluates insurance applications to determine the level of risk involved in providing coverage. They work closely with insurance brokers and clients to gather relevant information, analyze data, and make informed decisions regarding policy approval, pricing, and terms. Underwriting consultants utilize their expertise in insurance regulations and industry standards to ensure compliance and mitigate potential risks for the insurance company. They also play a crucial role in negotiating terms and conditions with clients and may provide guidance on risk management strategies. Strong analytical skills, attention to detail, and excellent communication abilities are essential for success in this occupation.

Skills: underwriting consultant, insurance analysis, risk assessment, policy approval, risk management, insurance regulations
Job industry: Insurance

How much does Underwriting Consultant make?

Difference in salary year over year or average salary increase is approximately 3 %


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Salary comparison to National average

Is Underwriting Consultant a well paid job?

Yes, our data shows that Underwriting Consultant is a well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Underwriting Consultant?

High salary for Underwriting Consultant would be somewhere between 62,879 GBP and 82,886 GBP. However this is an estimation based on Gaussian Distribution.

How much can you save working as Underwriting Consultant in United Kingdom?

Living in United Kingdom the approximate monthly expenses are: 1,956 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.

Estimated Yearly Salary: 57,163 GBP
Estimated Monthly Salary: 4,764 GBP
Estimated Weekly Salary: 1,099 GBP per week
Estimated Hourly Salary: 27 GBP per hour
By working as Underwriting Consultant a person can save up to 3,660 USD per month or 43,925 USD yearly. Values are pre-tax.

NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.

For more information regarding expenses in United Kingdom, see costs of living in United Kingdom.

Salary comparison to region and neighbouring coutries

Country's neighbours are: Ireland.
To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).

Estimated Yearly Salary for Underwriting Consultant

Last revision of data: 2025-01-04

Salary increase per years of experience

Based on data available the salary increase per years of experience is as following

0 years (beginner) equals base salary

1 to 5 years of experience yields +12% salary increase

6 to 10 years of experience yields +25% salary increase

11 to 15 years of experience yields +16% salary increase

16 to 25 years of experience yields +9% salary increase

more than 25 years of experience yields +10% salary increase

NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

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Data as of 2025

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