Opportunities in the insurance profession for apprentices

What can I earn?

What can I earn?

What can I earn?

Take a look at what you can earn in the different areas in risk. It’s a well-respected and well-paid profession. And with apprentice training, the financial benefits continue to increase and you can learn while you earn!

Risk is well-paid, with 15% of 23-34 year olds earning over £45,000. The highest-paid jobs in the industry are reinsurance, where the average salary is £57,000, and loss adjusting, which is £40,000.

Pay depends on where you want to work: the London market is one of the best–respected insurance markets in the world, the best-paying area in the UK. The average salary for someone working in risk in London is £53,000. This compares to £28,000 in Wales and £29,000 in the North-East.

Reinsurance Admin £25,000

Reinsurance Technician (1-3 years in risk) £28,000

Reinsurance Manager (7-10 years in risk) £43,000 to £88,000

Actuarial Graduate (1-3 years in risk) average £28,500

Qualified Actuary (7-10 years in risk) £69,000 to £100,000

Senior Actuary £100,000 plus

Trainee Loss Adjuster £18,000 - £23,000

Loss Adjuster (2-3 years in risk) average £28,000

Senior Loss Adjuster £50,000 plus

Underwriting Assistant £15,500 - £26,000

Assistant Underwriter £32,000

Underwriter (2-3 years in risk) £23,000 to £67,000

Senior Underwriter (4-6 years in risk) £57,000

Underwriting Manager (7-10 years in risk) £56,500 to £110,000

Trainee Claims Handler £12,000 - £16,500

Claims Handler (0-1 years in risk) - average salary £17,250

Team Leader (4-6 years in risk) - average salary £27,250

Claims Manager (7-10 years in risk) - salary range £30,000 to £45,000

Claims Director £60,000 plus

Broking Assistant £15,000 - £23,000

Trainee Account Handler £27,500

Account Handler (1-3 years in risk) £29,500

Account Executive (4-6 years in risk) £38,000

Account Director (7-10 years in risk) £46,000 to £68,000

Managing Director £100,000 plus

Risk Technician (1-3 years in risk) £21,250

Risk Analyst (1- 6 years in risk) £29,000 to £44,000

Risk Manager (7-10 years in risk) £46,500 to £74,000