Insurance Underwriters Salary Canada

See table for salaries.

Average Insurance Underwriter’s Salary in Canada

The table below details the hourly wages for Insurance Underwriters.

The Canadian national occupation classification code (NOC) for this role 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.

According to the latest figures, the highest hourly average (median) wages are earned in Montreal, Quebec at $31.28 per hour and the lowest average (median) wages are earned in Winnipeg, Manitoba at $23.56 per hour.

A typical full-time annual salary for this occupation is in the region of $40,000 – $60,000.

Government data indicates that there will be enough job seekers for this profession for the near future.

Average Hourly (Median) Wages for Insurance Underwriters in Canada

LocationLow Wage
$ per hr
Average Wage
$ per hr
High Wage
$ per hr
Year
Calgary – Alberta19.7426.0040.742014
Edmonton – Alberta19.7426.0040.742014
Vancouver / Lower Mainland Southwest – British Columbia15.6824.0437.69 2014
Winnipeg – Manitoba 14.2923.5633.63 2014
Fredericton / Oromocto – New Brunswick 12.5024.4335.582014
Halifax – Nova Scotia15.0025.2738.462014
Toronto – Ontario17.0026.3742.502014
Kitchener / Waterloo / Barrie – Ontario17.6525.0036.512014
Ottawa – Ontario16.4126.1042.502014
Hamilton / Niagara Peninsula – Ontario16.4126.1042.502014
Prince Edward Island
Montreal – Quebec15.00 31.28 37.772014
Saskatoon / Biggar – Saskatchewan(1)20.7726.4438.462013

Methodology*

Examples of duties include the following:
›› Providing underwriting advice and answering inquiries from clients
›› Studying various insurance proposals
›› Writing insurance policies
›› Evaluating applications to determine insurance risks and insurance premiums
Comparison with employment group

The 2016 full-time average hourly wage rate for administrative and financial supervisors and administrative occupations, which includes insurance underwriters, is $24.04. The 2016 corresponding median weekly wage rate is $919, giving an approximate full-time annual salary for this employment group of $48,000.

These occupations may also be of interest:

Financial and Investment Analysts
Insurance Agents and Brokers
Insurance Adjusters and Claims Examiners
Shippers and Receivers
Securities Agents, Investment Dealers and Brokers

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