The insurance industry has become quite lucrative in the past few years, and it continues to bring in big profits every year.
There are many different jobs within the insurance sector, which makes it easy to find one that fits your interests and abilities perfectly.
10 Best Paying Insurance Jobs in London (Apply Now):
The top 10 highest-paying insurance jobs highest-paying insurance jobs are here to make sure you don’t miss out on anything! Here is the list of best insurance jobs in London below;
Supervision Roles – Scale F Banking and Insurance SupervisorsSupervisors
£52,000 – £66,000 pa
The most common of all insurance supervisors, a banking and insurance supervisor role (often referred to as an SII) is designed to supervise workers engaged in customer service or sales jobs within an office-based environment.
These positions are often limited to clerical staff such as clerks and administrative assistants but there are also some opportunities for supervisors that provide services related to banking.
In these cases, you would be responsible for ensuring your employees adhere to regulations set by various government agencies like FINRA. You would also need to ensure they have proper training on their products and services so they can effectively help customers with any questions they may have about their accounts.
If you’re interested in working at a bank or insurance company, then consider applying for one of these roles where you’ll be responsible for leading teams of lower-level employees who assist customers with their needs. Follow their website and Apply now
Supervision Roles – Scale F Banking and Insurance Supervisors eligibility
Roles – Scale F Banking and Insurance Supervisors Supervise and coordinate activities of clerical and administrative support staff. Duties include interviewing, hiring, and training staff; planning, assigning, and directing work; appraising performance; rewarding and disciplining employees; addressing complaints and resolving problems.
Director – Insurance Supervision $160,000 to $173,000
$173,000London is Europe’s leading insurance centre. The industry employs more than 27,500 workers, and there are 2,500 international companies with operations in Greater London. Insurance jobs can be found across a range of industries; from Property to Health and Life to Motor/Home. Salaries for these positions vary greatly depending on experience and skill set.
The top-paying positions include Director – Insurance Supervision (average salary: £170,000), Senior Risk Manager (average salary: £150,000) and Head of Underwriting (average salary: £140,000). All three positions require at least 5 years of experience in their respective fields as well as a degree or postgraduate qualification related to their field. Visit their website and Apply
Director – Insurance Supervision eligibility
£92,000A director of insurance supervision requires a degree in law as well as postgraduate qualifications (typically a diploma and/or master’s).
Technical Specialist – Sector Projects team, Insurance Supervision
This job is based in Canary Wharf, London. Your main responsibilities will be to: co-ordinate a team of technical specialists and take responsibility for managing their day-to-day activities; support an insurance supervisor to ensure regulatory compliance.
You will also carry out some specialist supervision of your own in certain high-risk business areas. This role is suited to those with experience working within financial services and may require recognised professional qualifications such as CII qualifications or Chartered status. Visit their website and Apply now
Technical Specialist – Sector Projects team, Insurance Supervision requirements
The Financial Conduct Authority (FCA)is seeking to appoint a Technical Specialist on a fixed-term contract basis to work in its Insurance Supervision Sector Projects team. This is an exciting opportunity for someone to join a new project that will assist in delivering outcomes arising from recommendations made by Professor…
Professional Indemnity Insurance
Most professions come with unique risks. Professionals who are exposed to these risks are required to buy insurance to cover any potential financial costs that may arise.
Professional indemnity insurance is often mandatory for certain jobs, such as medical professionals and accountants. Even though professional indemnity insurance isn’t mandatory, most professionals decide it’s a good idea to have it anyway because a lot of companies will refuse you if you don’t have proof of having it. Visit their website and Apple now
Cargo and Logistics Development UnderwriterUnderwriter
£45,383 – £52,036 per year (London)
Salary Benchmarking. On average a Cargo and Logistics Development Underwriter will earn a salary of between £44,000 and £51,000 a year. Salary estimates are based on 36 salaries submitted anonymously to Glassdoor by Cargo and Logistics Development Underwriter employees in London.
Salary estimate is a combined total of base annual salary and bonus. Cash Bonus, Profit Sharing, Commission Sharing, and Tips have not been included. Visit their website and apply now.
Space Insurance Broker – Space Insurance Broking Team
So how much does a space insurance broker make? According to Glassdoor, the average salary for a space insurance broker is £36,000 ($48,388).
For someone who works as an independent contractor and handles their business development and client management directly with top-tier international clients in London, that’s not bad.
You’re also likely to see earning potential far greater than this figure by becoming a partner with one of these agencies or working full-time with one of their affiliate businesses. The world of space insurance is growing fast, especially in satellite launches and other orbital ventures.
The next few years are expected to be extremely profitable for those willing to put in some hard work at getting up to speed on understanding all aspects of risk management related to space travel. Visit their website and apply now
Senior Associate – Life Insurance Teams
If you have a background in pensions, investment or insurance and are looking for an opportunity to develop your skills further, then you may be interested in joining us as a Senior Associate with our Life teams.
This is an excellent opportunity to join our award-winning team of professionals as we continue to grow throughout Europe. Our innovative product offering has been recognised by Gartner as one of only three ‘Visionary’ providers worldwide and is one of Europe’s fastest-growing providers for pension provision and retirement planning. Visit their website and apply now
Technical Specialist (Insurance Data)
The insurance industry’s technical specialists play a crucial role, in managing and evaluating databases and systems, and building new databases for an insurance firm.
These professionals are some of the highest-paid on average across all jobs, with a median salary of £60,000. And on top of that, they get great job security – only 1% of insurance data management workers were made redundant between 2011-2012. Visit their website and apply now
Strategy Lead – General Insurance
£90,000.00 – £125,000.00 + Bonus & Benefits (2019 salary: £81,876–£119,920) One of Europe’s largest insurers is looking for a Strategy Lead to join their General Insurance department based in London. As a member of one of their dynamic Business Units, you will be responsible for leading and delivering on strategic initiatives that impact your business unit and overall strategy across General Insurance lines of business. Visit their website and apply now
Agency Business Partner (Insurance Markets)
A Business Partner at a leading UK insurance broker is responsible for handling policyholder issues. Since they support their clients 24/7, it’s crucial that they can handle multiple situations at once and don’t lose their cool when working with different types of people.
They are also responsible for maintaining current industry knowledge, so must be quick learners who are interested in expanding their expertise through education and training. Visit their website and apply now
How much do insurance workers make in the UK?
It is difficult to accurately gauge how much insurance workers make in the UK because there are so many different factors involved. Your income depends on your education, experience, bonuses and location, among other things. Most people working in insurance jobs can expect an annual salary of between £25,000-60,000.
Is insurance a good career UK?
In short, insurance is a great career choice. The industry has been around for decades and has a stable presence in an array of different markets, from health to property to travel. The most popular insurance jobs are not just secure, but they can also be lucrative too. Many of these roles offer very impressive salaries right out of university.
What field of insurance makes the most money?
If you’re looking to work for an insurance company, but aren’t sure what kind of insurance to choose, think about income. You can make a lot of money as an insurance agent or broker. Keep in mind that some people start as a trainee at a low wage and then climb their way up after they gain experience, while others are high-earners from day one.
What skills are needed to work in the insurance industry?
If you want to become an insurance professional, you’ll need to be skilled in several different areas. Knowing what they are will help you succeed when it comes time to find a job.
Here are some of the most important skills needed for these jobs A strong knowledge of personal finance, as well as financial literacy: Having a firm grasp on your finances is crucial if you’re going to advise on someone else’s money.
The ability to keep up with ever-changing legislation: Laws and regulations surrounding insurance can change quickly, so keeping up with them is key. And because there are so many regulations that affect all types of businesses and individuals, there is always something new coming down the pipeline—so make sure you stay on top of things!
The insurance industry is made up of many different roles and job titles, with some paying more than others. Today we look at what some of these roles are, as well as their annual salaries in London. Good luck and subscribe to our website email.
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