▼15%
C$58,734
Avg. Base Salary (CAD)
/ year
Avg. Base Salary (CAD)
10%
CA$46k
MEDIAN
CA$59k
90%
CA$82k
The average salary for an Underwriter is C$58,734 in 2025
Base Salary
C$46k - C$82k
Bonus
C$1k - C$8k
Profit Sharing
C$7 - C$5k
Total Pay
C$46k - C$85k
Is Average Underwriter Salary in Canada your job title? Find out what you should be paid
Use our tool to get a personalized report on your market worth.What's this?
EXPLORE BY:
Featured Content
‹
Remote Work
New research shows how to set pay for remote employees
Gender Pay Gap
New research shows that each woman experiences the disparity of gender pay gap in different ways, depending on her position, age, race and education.
Compensation Best Practices Report
From compensation planning to variable pay to pay equity analysis, we surveyed 4,900+ organizations on how they manage compensation.
Salary Budget Survey Report
See how organizations are shifting their salary budgets this year.
Retention Report
Get strategies you can use to retain top talent and learn how impactful employee retention really is.
Variable Pay Playbook
Before you decide whether variable pay is right for your org, get a deeper understanding of the variable pay options and the cultural impact of pay choices.
›
What is the Pay by Experience Level for Underwriters?
What Do Underwriters Do?
Underwriter Tasks
- Analyze new and renewal business, data, claim history, loss experience, and outcome of liability decisions.
- Underwrite, submit, approve or pend coverage amounts and premiums, and present decisions to management.
- Monitor existing policies for compliance with company guidelines.
- Manage underwriting territory and select new business based on analysis of their profitability.
Find your market worth – how it works:
How do Underwriters Rate Their Jobs?
Based on 25 responses, the job of Underwriter has received a job satisfaction rating of 3.62 out of 5. On average, Underwriters are highly satisfied with their job.
Common Health Benefits for a Underwriter
Medical
93%
Dental
90%
Vision
76%
None
5%
Gender Breakdown for Underwriters
Female
59.6%
Male
39.4%
Prefer to self-define
1.0%
This data is based on 104 survey responses. Learn more about the gender pay gap.
FAQs About Underwriters
What is the highest pay for Underwriters?
Our data indicates that the highest pay for an Underwriter is CA$82k / year
What is the lowest pay for Underwriters?
Our data indicates that the lowest pay for an Underwriter is CA$46k / year
How can Underwriters increase their salary?
Increasing your pay as an Underwriter is possible in different ways. Change of employer: Consider a career move to a new employer that is willing to pay higher for your skills. Level of Education: Gaining advanced degrees may allow this role to increase their income potential and qualify for promotions. Managing Experience: If you are an Underwriter that oversees more junior Underwriters, this experience can increase the likelihood to earn more.