Underwriter Assistant salary

What does it mean to work as an Underwriter Assistant?

Working as an underwriter assistant involves supporting underwriters in assessing risks and pricing insurance policies. Underwriter assistants often work on administration, analysis of insurance applications, and communication with clients and insurance brokers. The profession falls under the category of insurance sales agents and advisors, playing a crucial role in the insurance industry.

Salary for an Underwriter Assistant

The average salary for the profession of underwriter assistant is 49 500 SEK per month. However, there is a clear gender gap in salaries. Men earn an average of 54 000 SEK, while women earn 45 000 SEK, meaning that women earn 83% of what men do in this profession. An hourly underwriter assistant has an average hourly wage of 298 SEK, based on 166 working hours per month.

Salary Development and Disparities

Throughout the year, the average salary for an underwriter assistant has increased from 47 400 SEK to 49 500 SEK. The highest salary for an underwriter assistant is 64,600 SEK, applicable to a man with post-secondary education working as a private sector employee. The highest salary for a woman in the same profession is 54,200 SEK. The lowest salary in the profession is 40,700 SEK, applicable to a woman with pre-secondary education. For men, the lowest salary is 46,300 SEK.

Education and Qualifications

To work as an underwriter assistant, a post-secondary education in economics, law, or insurance is usually required. Many employers prefer candidates with relevant work experience in the insurance industry. Education in risk management and insurance fundamentals can also be advantageous for those looking to advance in the profession. Some employers also offer internal training and opportunities for further development.

Working Conditions and Benefits

Working conditions for an underwriter assistant can vary depending on the employer and workplace. The job often involves regular office hours, but there may also be opportunities for flexible working hours and remote work. Some companies offer benefits such as paid training and courses to enhance employees' skills in the profession. Other common benefits include occupational pensions, health and wellness subsidies, and insurance coverage.

Future Prospects and Competition

There is limited information available on the specific future prospects for underwriter assistants. According to the Swedish Public Employment Service, no assessment is made for the profession due to limited data. However, the demand for insurance sales agents and advisors can impact the profession. Competition for positions may vary depending on the region and employer.

Key Success Factors for Underwriter Assistants

To succeed as an underwriter assistant, having strong analytical skills and attention to detail is crucial. Communication is also a key competency, as the role often involves collaboration with different departments and interaction with clients and insurance brokers. Being organized and able to handle multiple tasks simultaneously are also valuable traits in the profession.

Summary

Working as an underwriter assistant offers a blend of analytical work and client interaction in the insurance industry. With an average salary of 49 500 SEK and opportunities for advancement through education, this profession can be an attractive option for those interested in insurance and risk management. Despite limited information on future prospects, it is a profession that provides stable employment opportunities and potential for career growth.