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 1313.
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 Alberta at $33.65 per hour and the lowest average (median) wages are earned in Halifax – Nova Scotia at $20.00 per hour.
A typical full-time annual salary for this occupation is in the region of $45,000 – $65,000.
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
| Location | Low Wage $ per hr |
Average Wage $ per hr |
High Wage $ per hr |
Year |
|---|---|---|---|---|
| Calgary – Alberta*(1) | – | 33.65 | – | 2019 |
| Edmonton – Alberta*(1) | – | 33.65 | – | 2019 |
| Vancouver Island & Coast – British Columbia | 18.51 | 32.82 | 43.27 | 2018 |
| Winnipeg – Manitoba | 20.46 | 30.00 | 37.95 | 2018 |
| Fredericton / Oromocto – New Brunswick(1) | 18.00 | 23.56 | 36.62 | 2018 |
| Halifax – Nova Scotia | 15.66 | 20.00 | 35.00 | 2018 |
| Toronto – Ontario | 21.43 | 31.79 | 45.58 | 2018 |
| Kitchener / Waterloo / Barrie – Ontario | 19.56 | 28.85 | 46.58 | 2018 |
| Ottawa – Ontario | 20.19 | 31.47 | 45.58 | 2018 |
| Hamilton / Niagara Peninsula – Ontario | 20.19 | 31.47 | 45.58 | 2018 |
| Prince Edward Island | 12.64 | 24.10 | 28.28 | 2018 |
| Montreal – Quebec | 17.95 | 25.00 | 40.00 | 2018 |
| Saskatoon / Biggar – Saskatchewan(1) | 15.00 | 27.69 | 40.00 | 2018 |
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The 2020 full-time average hourly wage rate for finance, insurance and related business administrative occupations, which includes insurance underwriters, is $29.57. The 2020 corresponding median weekly wage rate is $1,021, giving an approximate full-time annual salary for this employment group of $53,000.
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