The UK has the third largest insurance industry in the world, and approximately one-third of its revenue is generated through overseas business. Roughly 300,000 individuals are employed in the sector, and as many as 1500 businesses offer employment opportunities for insurance professionals nationwide. In total, the UK's insurance industry manages more than £1.8 trillion in investments. Almost every UK citizen over the age of 18 relies upon and contributes to the sector in some way.
Recruitment agencies frequently list openings for actuarial positions, claims handlers, and placing brokers, but jobs are available in countless other areas as well. The lowest earners in the field - typically new hires, apprentices, and those in junior roles earn between £15 and £20K annually. On the other hand, the top ten percent of insurance professionals make upwards of £40K. The overall UK-wide average for the sector is about £25,000 per annum, but those in London average nearly £46,000. Throughout the rest of the UK, average salaries remain fairly constant, although the North East tends to pay slightly less than elsewhere.
Jobs in the industry usually, but not always, require university degrees and certain professional certifications. The latter can typically be obtained while working in an entry-level position, and are often even paid for by the employer.