3532 Insurance underwriters

In short

• ONS unit group 3532, in minor group 353 (Finance associate professionals) and major group 3 (Associate professional occupations).
• Appendix Skilled Occupations (figures as at 3 August 2026, re-checked 26 October 2026): Transitional tables only: Table 1a, Table 2aa.
• Going rate as the tables print it:
  • Table 1a, Going rate (SW – options A and D): £36,500 (£18.72 per hour)
  • Table 2aa, Going rate (SW – options F and I, GBM and SCU): £29,800 (£15.28 per hour)

What the ONS says

Description

Insurance underwriters identify and measure the risks associated with an activity, determine whether this risk is insurable and issue insurance policies which provide financial compensation in the event of loss.

Typical entry routes

There are no formal academic requirements, although many employers expect entrants to study for and attain the associateship examinations of the Chartered Insurance Institute. Entrants to professional examinations usually require GCSEs/S grades and A levels/H grades, or a BTEC/SQA award.

Tasks

• receives and assesses proposals and propositions for insurance from brokers and clients
• identifies and evaluates the risks associated with a proposal
• liaises with insurance surveyors, actuaries and risk managers where the risks associated with a proposal are not clear
• calculates premiums, provides quotations and, if acceptable to the client, issues policies
• ensures that the insurance policy clearly defines the liabilities accepted and any exceptions or exclusions
• negotiates terms of reinsurance contracts

Related job titles

• Account handler (insurance)
• Commercial underwriter
• Insurance inspector
• Mortgage underwriter
• Underwriter

What the Appendix Skilled Occupations says

The Appendix lists this code in the tables below, with the tables’ own caption and the row as printed. Read the full table, and any condition in it, on GOV.UK.

Table 1a: Additional eligible SOC 2020 occupation codes and related going rates for Skilled Worker applicants granted permission under the rules in place before 22 July 2025

SOC 2020 occupation code

3532 Insurance underwriters

Examples of related job titles (non-exclusive)

• Insurance underwriters

Going rate (SW – options A and D)

£36,500 (£18.72 per hour)

90% of going rate (SW – option B)

Not applicable

80% of going rate (SW – option C)

Not applicable

70% of going rate (SW – option E)

£33,400 (£17.13 per hour)

Eligible for PhD points (SW)?

No

Table 2aa: Additional eligible SOC 2020 occupation codes and related going rates for Skilled Worker applicants granted permission under the rules in place before 22 July 2025

SOC 2020 occupation code

3532 Insurance underwriters

Equivalent SOC 2010 occupation code(s)

3533

Examples of related job titles (non-exclusive)

• Insurance underwriters

Going rate (SW – options F and I, GBM and SCU)

£29,800 (£15.28 per hour)

90% of going rate (SW – option G)

Not applicable

80% of going rate (SW – option H)

Not applicable

70% of going rate (SW – option J, GTR)

£25,000 (£12.82 per hour)

Eligible for PhD points (SW)?

No

Other unit groups in minor group 353

• 3531 Brokers
• 3533 Financial and accounting technicians
• 3534 Financial accounts managers

Sources

Occupation text: Office for National Statistics, SOC 2020 Volume 1: structure and descriptions of unit groups (file dated 27 August 2026, version V13). Contains public sector information licensed under the Open Government Licence v3.0. Open Government Licence v3.0. Tables: Home Office, Immigration Rules Appendix Skilled Occupations on GOV.UK, page updated 3 August 2026; re-checked against the page updated 8 October 2026 on 26 October 2026, tables unchanged.

All 412 occupation codes

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