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 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 Winnipeg – Manitoba at $33.65 per hour and the lowest average (median) wages are earned in Halifax – Nova Scotia at $22.05 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
Calgary – Alberta*22.5629.6347.252017
Edmonton – Alberta*22.5629.6344.022017
Vancouver / Lower Mainland Southwest – British Columbia18.2724.0437.69 2015
Winnipeg – Manitoba 19.8833.6542.05 2016
Fredericton / Oromocto – New Brunswick(1) 16.8322.3035.822016
Halifax – Nova Scotia16.6722.0536.922016
Toronto – Ontario22.3128.8543.592016
Kitchener / Waterloo / Barrie – Ontario17.5828.2143.592016
Ottawa – Ontario17.5828.2143.592016
Hamilton / Niagara Peninsula – Ontario17.5828.2143.592016
Prince Edward Island
Montreal – Quebec18.90 29.23 49.502016
Saskatoon / Biggar – Saskatchewan(1)20.7726.4438.462013


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 2018 full-time average hourly wage rate for finance, insurance and related business administrative occupations, which includes insurance underwriters, is $26.32. The 2018 corresponding median weekly wage rate is $923, 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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