1 - Business, finance, and administration occupations.
TEER
2 - Occupations usually require a college diploma or apprenticeship training of two or more years; or supervisory occupations.
Major group
12 - Administrative and financial supervisors and specialized administrative occupations.
Sub-major group
122 - Accounting, insurance, and related business administrative occupations.
Minor group
1220 - Accounting, insurance, and related business administrative occupations.
Insurance Underwriters are in high demand throughout Canada’s Insurance sector. The demand for skilled workers under this TEER has been rapidly expanding post the pandemic, and this trend is expected to continue over the coming years. There will be many job opportunities available for Insurance Underwriters in Canada.
The high demand for skilled workers in this field has resulted in competitive salaries and excellent benefits for Insurance Underwriters that can range from $41,500 to $103,700 per year, depending on experience, location, and specialization, but they tend to be higher than average in this industry.
Insurance Underwriters Jobs in Canada also offer many opportunities for career advancement in popular employment areas including head and branch offices of insurance companies. Professionals have numerous opportunities to expand their skills and take on new challenges as Insurance Underwriters in Canada.
Insurance Underwriters in Canada can avail of a wide range of benefits, from strong job security to high compensation, a supportive work environment, a direct Canada PR for Insurance Underwriters pathway, and free healthcare. Canada is known for its welcoming and diverse culture, making it a great place for individuals under this TEER to live and work.
Let us help you Apply for Canada PR as Insurance Underwriters.
Example Titles
Group underwriter
Insurance underwriter
Liability underwriter
Property underwriter
Casualty insurance products analyst-designer
Insurance rating analyst
Main Duties
This group performs some or all of the following duties:
Review individual and group applications for automobile, fire, health, liability, life, property, marine, aircraft, and other insurance.
Evaluate new and renewal applications to determine insurance risks, insurance premiums, the extent of insurance coverage, and other conditions of the insurance contract using medical reports, rate tables, and other documents and reference materials; adjust premiums, coverage, or risk itself to make acceptance of new and renewal applications possible.
Approve the sale of insurance policies and ensure compliance with government regulations.
Provide recommendations on individual or group insurance plan designs.
Provide underwriting advice and answer inquiries from clients and insurance agents, consultants, and other company personnel.
Prepare underwriting reports and update insurance forms when necessary.
Employment Requirements
Completion of secondary school and some general insurance experience or a bachelor's degree, college diploma, or some post-secondary education is required.
Several years of on-the-job training and completion of insurance industry underwriting courses and training programs are required.
Salary Prospects
Community/Area
Low ($/hour)
Median ($/hour)
High ($/hour)
Canada
21.54
32.97
53.85
Alberta
22.86
33.85
43.41
British Columbia
20.00
40.38
68.68
Manitoba
21.00
27.69
41.03
New Brunswick
16.50
28.85
40.00
Newfoundland and Labrador
17.25
27.34
40.26
Northwest Territories
N/A
N/A
N/A
Nova Scotia
18.75
23.63
48.08
Nunavut
N/A
N/A
N/A
Ontario
20.00
32.97
50.00
Prince Edward Island
N/A
N/A
N/A
Quebec
25.50
31.40
55.46
Saskatchewan
25.00
34.62
48.08
Yukon Territory
N/A
N/A
N/A
Job Openings - TEER 12202
Over the period 2022-2031, new job openings for Insurance Underwriters are expected to total 13,200, while 11,900 new job seekers are expected to be available to fill them. Immigrants learning how to get Insurance Underwriter Jobs in Canada from India can find it relatively easier to land a job under TEER 12202.
