What does a Premium Auditor do?

Premium auditors ensure insurance companies’ financial operations are conducted properly and adhere to policies and regulations. They work in the insurance industry with a concentration on premiums or the price a consumer pays for their insurance coverage. They audit insurance companies’ financial records and operations and analyze the information to detect potential fraud and ensure companies follow laws and regulations.

Premium auditors also ensure the insurance company's financial statistics are accurately gathered and recorded so that rates can remain objective and that a reasonable rate structure has been developed. They may also inspect an insured company's payroll and tax records and the premises and day-to-day business operations and conduct quality control within the industry regarding interactions between companies and their clients. Premium auditors need a bachelor's degree in accounting and certification through an organization including the National Society of Insurance Premium Auditors.

EducationBachelor's Degree
Work/Life Balance
3.6 ★
Salary Range--
Career Opportunity
3.3 ★
Avg. Experience2-4 years

Premium Auditor Salaries

Average Base Pay

£36,526 /yr
Same as national average
Not including cash compensation
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Not enough salaries reported to show distribution
£15K
Median: £37K
£89K
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Glassdoor Estimated Salary

Premium Auditor Career Path

Learn how to become a Premium Auditor, what skills and education you need to succeed, and what level of pay to expect at each step on your career path.

L1
Premium Auditor Trainee
No Salary Reports
L2
Premium Auditor
£36,526/yr
See Career Path

Premium Auditor Insights

Read what Premium Auditor professionals have to say about their job experiences and view top companies for this career.
Rue InsuranceRue Insurance
Safety and Loss Control
14 Jan 2022

“This is one of the best companies I have worked for and I am excited to what the future holds!”

Maven Writers
Senior Premium Auditor
25 Sep 2019

“It is my sole responsibility to ensure all orders placed at Premium Level meet/exceed expected standards.”

Robinsons LandRobinsons Land
Sales Auditor
24 Nov 2021

“Low salary and nothing more.”

Acuity InsuranceAcuity Insurance
Senior Loss Control Representative
17 Jul 2020

“Salary reviews have been above my expectations every year!”

NEISNEIS
Field Auditor
4 Feb 2021

“Training is top notch!”

Lowry & AssociatesLowry & Associates
Premium Auditor
24 Feb 2021

“Great people to work with”

Keenan & AssociatesKeenan & Associates
Loss Control Consultant
16 Sep 2021

“Pretty good pay”

TravelersTravelers
Senior Premium Auditor
20 Feb 2021

“Fantastic benefits including 401(k) match up to 5% of your salary.”

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Premium Auditor Interviews

Related Careers

Auditor
£34,047
50% skills overlap
Internal Auditor
£40,937
25% skills overlap
It Auditor
£46,645
13% skills overlap
Accountant
£37,956
38% skills overlap

Premium Auditor jobs

Frequently asked questions about the role and responsibilities of a premium auditor

When working as a premium auditor, the most common skills you will need to perform your job and for career success are Audit, Written Communication, Time Management, Critical Thinking and Professionalism.

The most similar professions to premium auditor are:
  • Auditor
  • Internal Auditor
  • It Auditor
  • Accountant

The most common qualifications to become a premium auditor is a minimum of a Bachelor's Degree and an average of 0 - 1 of experience not including years spent in education and/or training.