How much does a Underwriter make?

Updated Nov. 30, 2021
$59,079 /yr
Average Base Pay

487 salaries

$43K

Low

$59K

Average

$81K

High

No additional cash compensation has been reported for this role

The average salary for Underwriter is $59,079 per year in the Canada. The average additional cash compensation for a Underwriter in the Canada is undefined, with a range from undefined - undefined. Salaries estimates are based on 487 salaries submitted anonymously to Glassdoor by Underwriter employees in the Canada.

Seniority Levels

L2
Underwriter$59,079 /yr
L3
Senior Underwriter$81,818 /yr
L4
Underwriter Iv$61,707 /yr
See Full Career Path

Related Job Titles

Insurance Underwriting

$59,461

per year

Mortgage Underwriter

$61,745

per year

Underwriting Assistant

$45,987

per year

Claims

$47,926

per year

Salaries in Canada

Location

or

Find a Specific Employer

Sort:

Company

Average Base Salary in (CAD)

Range

Intact
4.3

Intact

Underwriter

$57,785

 /yr
Range: $46K - $75K
51 salaries
See 57 salaries from all locations

$46K

$75K

$46,161 - $75,000 Range

Chubb
3.5

Chubb

Underwriter

$71,447

 /yr
Range: $56K - $90K

$56K

$90K

$55,677 - $90,000 Range

Export Development Canada
4.1

Export Development Canada

Underwriter

$72,655

 /yr
Range: $55K - $132K

$55K

$132K

$55,000 - $132,370 Range

Wawanesa Insurance
3.9

Wawanesa Insurance

Underwriter

$55,229

 /yr
Range: $44K - $85K

$44K

$85K

$44,147 - $85,306 Range

Northbridge Insurance
4.1

Northbridge Insurance

Underwriter

$61,504

 /yr
Range: $49K - $84K

$49K

$84K

$48,909 - $84,045 Range

AIG
3.6

AIG

Underwriter

$70,147

 /yr
Range: $56K - $86K

$56K

$86K

$56,235 - $85,942 Range

Sun Life
3.8

Sun Life

Underwriter

$55,545

 /yr
Range: $46K - $65K

$46K

$65K

$45,538 - $64,617 Range

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Economical Insurance
3.9

Economical Insurance

Underwriter

$58,449

 /yr
Range: $46K - $100K

$46K

$100K

$46,393 - $100,210 Range

Aviva Canada
3.7

Aviva Canada

Underwriter

$59,057

 /yr
Range: $51K - $63K

$51K

$63K

$50,908 - $63,399 Range

Travelers
4

Travelers

Underwriter

$69,326

 /yr
Range: $55K - $93K

$55K

$93K

$54,908 - $93,252 Range

Cansure
4.2

Cansure

Underwriter

$44,402

 /yr
Range: $36K - $92K

$36K

$92K

$36,152 - $92,079 Range

TD
4

TD

Underwriter

$56,561

 /yr
Range: $53K - $72K

$53K

$72K

$53,223 - $72,167 Range

The Guarantee Company of North America
3.4

The Guarantee Company of North America

Underwriter

$78,797

 /yr
Range: $44K - $104K

$44K

$104K

$43,927 - $104,251 Range

CNA
3.5

CNA

Underwriter

$77,467

 /yr
Range: $55K - $92K

$55K

$92K

$55,000 - $91,756 Range

The Co-operators
4

The Co-operators

Underwriter

$55,116

 /yr
Range: $45K - $56K

$45K

$56K

$45,285 - $56,485 Range

First National Financial
3.9

First National Financial

Underwriter

$67,744

 /yr
Range: $62K - $74K

$62K

$74K

$62,488 - $74,075 Range

Totten Insurance Group
3.2

Totten Insurance Group

Underwriter

$62,716

 /yr
Range: $42K - $86K

$42K

$86K

$42,177 - $85,749 Range

CIBC
3.9

CIBC

Underwriter

$54,959

 /yr
Range: $50K - $70K

$50K

$70K

$49,990 - $70,295 Range

Desjardins
4.2

Desjardins

Underwriter

$55,360

 /yr
Range: $50K - $71K

$50K

$71K

$50,000 - $70,733 Range

Canada Drives
4.1

Canada Drives

Underwriter - Hourly

$16

 /hr
Range: $15 - $18

$15

$18

$15 - $18 Range

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Frequently asked questions about an Underwriter salaries

The national average salary for an Underwriter is $59,079 per year in Canada. Filter by location to see an Underwriter salaries in your area. Salaries estimates are based on 487 salaries submitted anonymously to Glassdoor by an Underwriter employees.

The highest salary for an Underwriter in Canada is $80,808 per year.

The lowest salary for an Underwriter in Canada is $43,193 per year.

Recent Salary Reports

Below are the most recent underwriter salary reports. Employer name has been removed to protect anonymity.

$75,000
per year
An Intermediate Underwriter in the Toronto Area area reported making $75,000 per year
Job Highlights
8-10 years experience
Toronto Area area
Full-time
 
1001 to 5000 employees
Company - Public
$66,799
per year
An Underwriter in the Toronto Area area reported making $66,799 per year
Additional Pay
$3k cash bonus
Job Highlights
3-4 years experience
Toronto Area area
Full-time
 
51 to 200 employees
Company - Public
$55,737
per year
A Mortgage Underwriter in the Toronto Area area reported making $55,737 per year
Job Highlights
3-4 years experience
Toronto Area area
Full-time
 
501 to 1000 employees
Company - Public
$82,362
per year
A Commercial Lines Underwriter in the Toronto Area area reported making $82,362 per year
Job Highlights
3-4 years experience
Toronto Area area
Full-time
 
1001 to 5000 employees
Company - Private
$65,000
per year
A Residential Mortgage Underwriter in the Toronto Area area reported making $65,000 per year
Job Highlights
3-4 years experience
Toronto Area area
Full-time
 
501 to 1000 employees
Company - Public
$40,000
per year
An Underwriter in the Toronto Area area reported making $40,000 per year
Job Highlights
1-2 years experience
Toronto Area area
Full-time
 
201 to 500 employees
Company - Private
$55,000
per year
An Underwriter in the Ottawa Area area reported making $55,000 per year
Additional Pay
$6k cash bonus
Job Highlights
1-2 years experience
Ottawa Area area
 
Full-time
1001 to 5000 employees
$105,000
per year
An Underwriter in the Toronto Area area reported making $105,000 per year
Job Highlights
3-4 years experience
Toronto Area area
Full-time
 
10000+ employees
Company - Public
$52,000
per year
An Underwriter in the Vancouver Area area reported making $52,000 per year
Job Highlights
3-4 years experience
Vancouver Area area
Full-time
 
1001 to 5000 employees
Company - Private
$50,000
per year
An Underwriter in the Montreal Area area reported making $50,000 per year
Job Highlights
1-2 years experience
Montreal Area area
Full-time
 
5001 to 10000 employees
Company - Public