We have compiled everything you need to know about the UK average insurance salaries for 2021, helping you benchmark your salary, whether you’re negotiating your pay or advancing your career. Whether you’re a claims handler or loss adjuster, our salary research is based on industry trends and deep analysis of the thousands of recruitment and job searches performed each year.
Pay within commercial broking has experienced rapid change brought on by uncertainty in the job market created by Brexit and the pandemic. Although unemployment remains at a record low, companies still need to actively address employee turnover as well as increase headcount to enable growth. The emergence of the InsureTech market combined with the implementation of new software and processes have created a more technology-minded industry. This has resulted in a talent shortage and many leading insurance employers are creating increasingly competitive salary and compensation packages to attract and retain top talent.
While employers still report challenges in finding staff to fill niche roles, movement exists with more opportunities appearing. As companies struggle to retain staff at this critical time, candidates who demonstrate their value, market knowledge and experience will find themselves in an advantageous position when negotiating their salary.
Find out what employers are currently experiencing and how this is impacting base salary offerings in our 2021 Salary Guide. Knowing what is currently influencing employers’ decisions and the market average will help you assess your professional worth, negotiate better and get a better starting salary.
While job prospects are strong in the insurance market, there is still a lot of movement as people look to advance their careers. This often creates greater competition for individual roles, if you would like further assistance in your job search, please get in touch as we would be happy to discuss your career.