Insurance Salary in South West
The South West offers a quality-of-life proposition that attracts professionals willing to accept slightly lower salaries in exchange for lower living costs, natural environment and lifestyle. Bristol and Bath command the region's highest salaries, particularly in technology, aerospace and financial services.
Living costs are generally below the national average outside Bristol and Bath, offering better purchasing power despite slightly lower nominal salaries.
Salary Trajectory
| Stage | Yrs Exp | P25 | Median | P75 | P90 |
|---|---|---|---|---|---|
| Insurance Administrator / Clerk | 0+ | £19,800 | £22,770 | £25,740 | £28,710 |
| Insurance Underwriter / Claims Handler | 3+ | £26,730 | £31,680 | £37,620 | £41,580 |
| Senior Underwriter / Senior Broker | 6+ | £34,650 | £41,580 | £49,500 | £57,420 |
| Underwriting Manager / Team Lead | 10+ | £47,520 | £57,420 | £69,300 | £81,180 |
| Head of Underwriting / Director | 16+ | £69,300 | £87,120 | £108,900 | £138,600 |
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Based on ONS Annual Survey of Hours and Earnings (ASHE) via NOMIS. Regional salary adjustments derived from ONS regional pay differentials. Career progression timelines based on industry research. All figures are gross annual pay estimates for full-time workers.