Insurance Underwriters - Canada Salary and Wage Guide

Average Canadian Insurance Underwriter's Salary :: Insurance Underwriters' Wages in Canada

The table below details the hourly wages for Insurance Underwriters. The Canadian national occupation classification code (NOC) for this employment is 1234.

Job titles and exact duties vary in this occupation and examples of some job titles are: insurance underwriter, wage analyst, life underwriter, insurance rating analyst and public liability underwriter.

The pay information below has been split into rough bands as follows:
  • Low pay: The bottom 10 percent of workers earn this.
  • High pay: The top 10 percent of workers earn this.
  • Average pay: The average wage in this sector after removing the bottom 10 percent and the top 10 percent of workers. Average pay is then calculated on the remaining 80 percent of workers' wages.
According to the latest figures, the highest hourly average wages are earned in Edmonton, Alberta at $38.87 per hour and the lowest average wages are earned in Montreal, Quebec at $15.90 per hour.

A typical full-time annual salary for this occupation is in the region of $50,000 - $70,000.

The largest sector of employment for insurance underwriters is finance and insurance. The average weekly earnings for the finance and insurance sector as a whole were $1119.94 in January 2012, an increase of 4.5% on the previous year. Assuming an average working week of 36 hours, hourly average earnings in the sector for January 2012 are $31.10.

Average Hourly Wages for Insurance Underwriters in Canada

Location Low Wage
$
per hr
Average
$
per hr
High Wage
$
per hr

Year
Calgary / Banff / Jasper / Rocky Mountain House - Alberta 18.01 30.84 62.71 2011
Edmonton - Alberta* 24.99 38.87 62.71 2009
Vancouver / Lower Mainland Southwest - British Columbia 12.50 21.42 31.84 2006/7
Winnipeg - Manitoba 14.60 22.40 33.70 2009
Saint John / Sussex / St. Stephen - New Brunswick 12.00 18.00 30.00 2010
Halifax - Nova Scotia 14.65 22.85 30.20 2010
Toronto - Ontario 17.96 24.47 30.77 2010
Ontario 17.19 23.67 33.84 2010
Ottawa - Ontario - - - -
Hamilton / Niagara Peninsula / Brantford Area - Ontario 17.94 23.67 33.84 2010
Prince Edward Island - - - -
Montreal - Quebec 10.29 15.90 22.18 2007
Saskatoon Area - Saskatchewan - - - -





* 5th percentile, median, 95th percentile bands used.