How much does a Underwriter make?

Updated Aug. 2, 2021
$58,382 /yr
Average Base Pay

455 salaries

$43K

Low

$58K

Average

$80K

High

No additional cash compensation has been reported for this role

The national average salary for a Underwriter is $58,382 per year in Canada. Filter by location to see Underwriter salaries in your area. Salaries estimates are based on 455 salaries submitted anonymously to Glassdoor by Underwriter employees.

Seniority Levels

L2
Underwriter$58,382 /yr
L3
Senior Underwriter$80,378 /yr
L4
Underwriter Iv$60,873 /yr
Career Path

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Related Job Titles

Insurance Underwriting

$58,692

per year

Mortgage Underwriter

$61,210

per year

Underwriting Assistant

$45,393

per year

Claims

$47,893

per year

Salaries in Canada

Location

or

Find a Specific Employer

Sort:

Company

Average Base Salary in (CAD)

Range

Intact
4.4

Intact

Underwriter

$57,689

 /yr
Range: $45K - $71K
40 salaries
See 45 salaries from all locations

$45K

$71K

$45,452 - $70,655 Range

Chubb
3.6

Chubb

Underwriter

$70,632

 /yr
Range: $55K - $82K

$55K

$82K

$54,823 - $82,218 Range

Export Development Canada
4

Export Development Canada

Underwriter

$72,125

 /yr
Range: $56K - $130K

$56K

$130K

$56,057 - $130,339 Range

Wawanesa Insurance
3.8

Wawanesa Insurance

Underwriter

$56,739

 /yr
Range: $41K - $87K

$41K

$87K

$41,380 - $87,000 Range

Northbridge Insurance
3.9

Northbridge Insurance

Underwriter

$60,560

 /yr
Range: $48K - $83K

$48K

$83K

$48,159 - $82,756 Range

AIG
3.6

AIG

Underwriter

$66,802

 /yr
Range: $55K - $85K

$55K

$85K

$55,372 - $84,623 Range

Sun Life
3.5

Sun Life

Underwriter

$55,000

 /yr
Range: $45K - $64K

$45K

$64K

$44,840 - $63,626 Range

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Economical Insurance
3.9

Economical Insurance

Underwriter

$57,552

 /yr
Range: $46K - $83K

$46K

$83K

$45,682 - $82,645 Range

Travelers
4.1

Travelers

Underwriter

$68,360

 /yr
Range: $54K - $90K

$54K

$90K

$54,066 - $89,926 Range

The Guarantee Company of North America
3.3

The Guarantee Company of North America

Underwriter

$77,588

 /yr
Range: $43K - $103K

$43K

$103K

$43,253 - $102,651 Range

TD
4

TD

Underwriter

$55,833

 /yr
Range: $55K - $71K

$55K

$71K

$55,276 - $71,060 Range

Aviva Canada
3.7

Aviva Canada

Underwriter

$58,151

 /yr
Range: $46K - $63K

$46K

$63K

$46,190 - $63,000 Range

First National Financial
3.9

First National Financial

Underwriter

$67,653

 /yr
Range: $62K - $73K

$62K

$73K

$61,529 - $72,938 Range

Cansure
4

Cansure

Underwriter

$45,226

 /yr
Range: $37K - $92K

$37K

$92K

$36,741 - $91,500 Range

The Co-operators
4.2

The Co-operators

Underwriter

$52,799

 /yr
Range: $45K - $56K

$45K

$56K

$45,000 - $55,619 Range

Canada Drives
3.9

Canada Drives

Underwriter - Hourly

$15

 /hr
Range: $15 - $17

$15

$17

$15 - $17 Range

Equitable Bank
4.1

Equitable Bank

Underwriter

$63,008

 /yr
Range: $59K - $78K

$59K

$78K

$59,484 - $77,645 Range

Frank Cowan Company
3

Frank Cowan Company

Underwriter

$53,100

 /yr
Range: $41K - $60K

$41K

$60K

$41,090 - $60,301 Range

Totten Insurance Group

Underwriter

$61,980

 /yr
Range: $49K - $84K

$49K

$84K

$49,000 - $84,433 Range

RBC
3.9

RBC

Underwriter

$51,265

 /yr
Range: $42K - $84K

$42K

$84K

$42,000 - $84,064 Range

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Frequently asked questions about an Underwriter salaries

The national average salary for a an Underwriter is $58,382 per year in Canada. Filter by location to see an Underwriter salaries in your area. Salaries estimates are based on 455 salaries submitted anonymously to Glassdoor by an Underwriter employees.

The highest salary for a an Underwriter in Canada is $80,101 per year.

The lowest salary for a an Underwriter in Canada is $42,552 per year.

Recent Salary Reports

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

$42,000
per year
An Underwriter in the Toronto Area area reported making $42,000 per year
Additional Pay
$3k profit sharing
Job Highlights
3-4 years experience
Toronto Area area
Full-time
 
10000+ employees
Company - Public
$65,000
per year
An Underwriter in the Vancouver Area area reported making $65,000 per year
Job Highlights
5-7 years experience
Vancouver Area area
Full-time
 
1001 to 5000 employees
Company - Private
$62,000
per year
A Property Casualty Underwriter in the Toronto Area area reported making $62,000 per year
Job Highlights
5-7 years experience
Toronto Area area
Full-time
 
10000+ employees
Company - Public
$87,000
per year
An Underwriter in the Calgary Area area reported making $87,000 per year
Job Highlights
5-7 years experience
Calgary Area area
Full-time
 
10000+ employees
Company - Public
$55,000
per year
A Commercial Underwriter in the London Area area reported making $55,000 per year
Additional Pay
$3k cash bonus
Job Highlights
10+ years experience
London Area area
Full-time
 
10000+ employees
Company - Public
$52,850
per year
An Underwriter in the Toronto Area area reported making $52,850 per year
Job Highlights
1-2 years experience
Toronto Area area
Full-time
 
1001 to 5000 employees
Company - Private
$46,190
per year
An Underwriter in the Toronto Area area reported making $46,190 per year
Job Highlights
3-4 years experience
Toronto Area area
Full-time
 
1001 to 5000 employees
Company - Private
$54,000
per year
A Group Underwriter in the Toronto Area area reported making $54,000 per year
Job Highlights
1-2 years experience
Toronto Area area
Full-time
 
1001 to 5000 employees
Company - Private
$57,000
per year
An Underwriter in the Vancouver Area area reported making $57,000 per year
Additional Pay
$5k cash bonus
Job Highlights
10+ years experience
Vancouver Area area
Full-time
 
10000+ employees
Company - Public