Brokers vs Insurance underwriters Salary

How do Brokers and Insurance underwriters salaries compare in the UK? Here is a detailed side-by-side breakdown using the latest ONS data.

Brokers earns £11,041 more per year (28% higher)

Brokers

£49,999
per year (gross)
Take-home: £39,519
vs

Insurance underwriters

£38,958
per year (gross)
Take-home: £31,569

Detailed Comparison

MetricBrokersInsurance underwritersDifference
Median Annual£49,999£38,958+£11,041
Mean Annual£71,325£56,568+£14,757
Take-Home (Net)£39,519£31,569+£7,950
Monthly (Gross)£4,167£3,247+£920
Weekly (Gross)£962£749+£213
Hourly£24.04£18.73+£5.31

Salary Range Comparison

PercentileBrokersInsurance underwriters
10th (Entry)£27,468£26,622
25th£33,588£32,174
50th (Median)£49,999£38,958
75th£0£59,616
90th (Senior)£0£0

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Frequently Asked Questions

Who earns more, a Brokers or a Insurance underwriters?
A Brokers earns more. The median salary for a Brokers is £49,999, whilst a Insurance underwriters earns £38,958 — a difference of £11,041 per year.
What is the salary difference between a Brokers and a Insurance underwriters?
The difference is £11,041 per year. Brokers is the higher-paid role.
What is the take-home pay difference?
After tax and National Insurance, a Brokers takes home approximately £39,519 per year, whilst a Insurance underwriters takes home £31,569. The net difference is £7,950.
Should I become a Brokers or a Insurance underwriters?
From a salary perspective, Brokers offers higher median pay. However, career choice depends on many factors including interests, qualifications, work-life balance and long-term prospects.

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