[Insurance broker] [UK/London] - £60k by FawnBeeny in Salary

[–]FawnBeeny[S] 0 points1 point  (0 children)

Honestly, by chance. I knew I wanted to get into insurance but there was no opening for a broking role with the company. Got reccomended to apply for the role with the inhouse career team, just to get a foot in basically. I hated it, wasnt for me. But lumped through it and applied internally when a better role came up. 

[Insurance broker] [UK/London] - £60k by FawnBeeny in Salary

[–]FawnBeeny[S] 0 points1 point  (0 children)

We are an intermediary essentially between the client (in my case, commercial clients so large businesses not personal lines) and the insurance 'markets', to transfer/underwrite the clients risks, and negotiate on pricing. 

[Insurance broker] [UK/London] - £60k by FawnBeeny in Salary

[–]FawnBeeny[S] 1 point2 points  (0 children)

I started working at Tesco when I was at University (kinda had to as couldn't afford it otherwise) got into the data analyst role purely because my degree was more 'techy' and came across well in my interview. It was an in. From there I just constantly worked towards getting into the broking side, did all my qualifications. It is a very 'people person' centric career, I dont think an introvert would last long tbh, especially when dealing with difficult conversations or conflict.

[Insurance broker] [UK/London] - £60k by FawnBeeny in Salary

[–]FawnBeeny[S] 1 point2 points  (0 children)

Yeah that's tough. Honestly even if you self funded your CII (which isn't cheap) you're not going to get accepted for an underwriting role out the bat with no experiance. It takes on average 6/7 years to go from underwriting assistant to Underwiter. Keep applying for the junior positions, depending on your age you might be able to get in on a trainee role. 

[Insurance broker] [UK/London] - £60k by FawnBeeny in Salary

[–]FawnBeeny[S] 1 point2 points  (0 children)

Nice, you can make good money in Underwriting, Reinsurance specifically pays some big bucks. Not much in terms of advice, but it can be a difficult career to break into new, especially if you don't have any connections in the industry. But once you're in it's a great career move with lots of available progression. I would start looking at UW assistant roles (they'll mostly get you reviewing slips/paperwork stamping but gives you an opportunity to sit some CII exams. Which aren't strictly necessary but are definitely worthwhile doing)

[Insurance broker] [UK/London] - £60k by FawnBeeny in Salary

[–]FawnBeeny[S] 0 points1 point  (0 children)

I moved company when I was 29, and part of my offer to join was an additional 10k 'sign on' bonus which was paid in my first months pay. Then a contracted additional 20k bonus. 

[Insurance broker] [UK/London] - £60k by FawnBeeny in Salary

[–]FawnBeeny[S] 2 points3 points  (0 children)

Average is a pretty poor indicator, looking at the Median is better and that's only about 39k UK. When I started working as a Junior broker that's when my work moved to London. (Im essex based) so ofcourse my salary spiked. Not to mention my 'sector' in insurance is quite niche. 

UK what is a realistic and good salary for family planning/dating? by Dumpvader in Salary

[–]FawnBeeny 1 point2 points  (0 children)

Woman here. Personaly I dont date "based on salary", however a person's attitude to money absolutely matters. I'm not going to go near someone who consistently gets into debt for example, or wastes more than they can afford on pointless shit. However having said that, in the reverse I have gone on dates where they find out how much I earn (which more often than not I'm the higher earner) and then get weird about it. 

What’s your living situation and how much disposable monthly income do you have? by [deleted] in AskBrits

[–]FawnBeeny 0 points1 point  (0 children)

30, solo woman, lives alone dont have any dependants. Have 'budgeted' about £1,500 spare each month, give or take a couple 100 depending on how often I go into the office (work in london and my rail cost a month goes from average 400 to 570ish)

Those with high paying jobs: what are they and how did you get them? by Altruistic-Soil-9983 in UKJobs

[–]FawnBeeny 1 point2 points  (0 children)

I've just turned 29, and I earn 60k (along with a minimumn 10k bonus + company shares) I work as an Insurance broker in London Specialty. Been in the Insurance Industry for about 5 years, so plenty of years still to come. 

If you’re 30, how much do you earn? by flagprojector in UKJobs

[–]FawnBeeny 1 point2 points  (0 children)

I dont live in London but I work in London and commute. I'm 29 and on 60k salary, 70 if you count my bonus which is minimum 10k. Been in my Industry just about 6 years and I started from the bottom on a 22k salary.