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What does an Insurance Manager earn?
The average salary for an Insurance Manager in the UK is around £50,300 per year. An Insurance Manager will provide advice and guidance to their clients regarding matters of risk and insurance, helping to protect them financially and minimise any losses. Many Insurance Managers choose to specialise in specific forms of insurance, such as property, fire, life or motor.
How to earn more as an Insurance Manager
"If you want to become an Insurance Manager, you need to obtain a degree in insurance or finance or complete a degree-level apprenticeship. You can move into a specialised area such as underwriting or broking to enhance your earnings. Additionally, you can take on a higher role in the insurance business or become self-employed. Highly experienced Insurance Managers can earn in excess of £90,000 a year.
Min: £31,200.00 Max: £90,000.00
Average Insurance Manager Salary in UK : £50,255.91
Read about Insurance Manager salaries, related jobs and salary information across the UK
Insurance Manager Salary data from the ONS
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Recommended Insurance Manager Jobs in UK
Average Salary for Insurance Manager compared to similar jobs
Related Jobs
View salaries for similar jobs.
| Job Title | UK Average |
|---|---|
| Insurance Administrator Salary in UK | £23,806.08 |
| Insurance Claims Clerk Salary in UK | £24,317.99 |
| Claims Examiner Salary in UK | £27,256.55 |
| Appraisers and Assessors of Real Estate Salary in UK | £27,500.00 |
| Insurance Claims and Policy Processing Clerk Salary in UK | £28,272.23 |
| Retail Loss Prevention Specialist Salary in UK | £28,618.54 |
| Insurance Officer Salary in UK | £28,868.54 |
| Insurance Sales Agent Salary in UK | £29,018.71 |
| Loss Prevention Manager Salary in UK | £31,685.94 |
| Insurance Investigator Salary in UK | £32,841.63 |
| Insurance Policy Processing Clerk Salary in UK | £33,114.63 |
| Insurance sales manager Salary in UK | £33,761.95 |
| Insurance Broker Salary in UK | £35,274.27 |
| Insurance Appraiser Salary in UK | £37,081.30 |
| Underwriter Salary in UK | £39,929.66 |
Salary by Region
Compare Insurance Manager salaries across different regions
| Region | Salary |
|---|---|
| Eastern | £47,791.67 |
| London | £61,039.13 |
| North West | £38,700.00 |
| South East | £38,061.11 |
| South West | £41,806.90 |
Annual Job Ads by Region
Understanding the Average Insurance Manager Salary in the UK
As an Insurance Manager in the UK, it's important to have a clear understanding of the average salary in the industry. According to average Banking and Insurance salaries, the average salary for an Insurance Manager in the UK is £50,300 per year. This figure can vary depending on factors such as experience, qualifications, and the size of the company you work for.
Salary Expectations for Newly Qualified Insurance Manager
If you're a newly qualified Insurance Manager, you may be wondering what salary you can expect. To get an idea of the current market rates, it's recommended to check out the latest job listings on job search websites. These listings will give you an insight into the salary range for entry-level positions in the industry.
Salaries for Experienced Insurance Manager
For experienced Insurance Managers in the UK, salaries can be significantly higher than those of their less experienced counterparts. With a proven track record and a wealth of industry knowledge, you can expect to earn a salary within the range of £31,200 to £90,000 per year. This range can vary depending on factors such as the size and reputation of the company you work for, as well as your specific responsibilities and achievements.
Creating an Insurance Manager CV
When applying for a job as an Insurance Manager, having a well-crafted CV is essential. To make the process easier, you can use a CV template specifically designed for Insurance Managers. This template will help you highlight your skills, qualifications, and experience in a professional and organized manner, increasing your chances of landing your dream job.
Career Development Opportunities for Insurance Manager
As an Insurance Manager, there are numerous career development opportunities available to you. Whether you're looking to specialize in a specific area of insurance, move into a leadership role, or explore new sectors within the industry, it's important to stay updated with the latest trends and advancements. You can find valuable career advice to help you navigate your professional journey and make informed decisions about your future.
Comprehensive Compensation for Insurance Manager
Being an Insurance Manager comes with comprehensive compensation beyond just the basic salary. In addition to your base pay, you may be eligible for bonuses, commissions, and other incentives based on your performance and the success of your team. It's important to consider these additional benefits when evaluating your overall compensation package.
Strategies for Increasing Your Salary as an Insurance Manager
If you're looking to increase your salary as an Insurance Manager, there are several strategies you can employ. These include continuously updating your skills and knowledge, taking on additional responsibilities, and demonstrating your value to the company through measurable results. By consistently striving for excellence and seeking opportunities for growth, you can position yourself for salary advancements and promotions.
Professional Development and Earnings
Investing in your professional development as an Insurance Manager can have a direct impact on your earnings. By pursuing relevant certifications, attending industry conferences, and participating in training programs, you can enhance your skills and knowledge, making yourself more valuable to employers. This, in turn, can lead to higher salaries and better career opportunities.
Capitalizing on Extra Hours and Duties
As an Insurance Manager, you may occasionally be required to work extra hours or take on additional duties. While this may seem demanding, it can also present opportunities for increased earnings. Many companies offer overtime pay or bonuses for working beyond regular hours, and taking on additional responsibilities can demonstrate your dedication and commitment, potentially leading to salary advancements and promotions.
