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Insurance Risk Analyst I Salaries in Canada

• What is the average Insurance Risk Analyst I salary in Canada?
  How much does an Insurance Risk Analyst I in Canada make? The median annual Insurance Risk Analyst I salary in Canada is C$75,253, as of July 27, 2026, with a range usually between C$67,458-C$83,960 not including bonus and benefit information and other factors that impact base pay. However, the salary for someone with the title Insurance Risk Analyst I may vary depending on a number of factors including industry, company size, location, years of experience and level of education. Our team of Certified Compensation Professionals has analyzed survey data collected from thousands of HR departments at companies of all sizes and industries to present this range of annual salaries for people with the job title Insurance Risk Analyst I in Canada.

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• About this chart
  This chart describes the expected percentage of people who perform the job of Insurance Risk Analyst I in , that make less than that salary. For example 50% of the people who perform the job of Insurance Risk Analyst I in are expected to make less than the median.
  Source: HR Reported data as of July 27, 2026

• Job Description for Insurance Risk Analyst I
  Analyzes the insurance needs of an organization to provide optimum coverage, costs, and claim settlements. Collects, classifies, and analyzes data from multiple sources such as audits, claims, renewals, and financial reporting. Creates risk forecasting models and reporting using business intelligence tools. Evaluates insurance proposals and makes recommendations. Negotiates insurance premiums and coverage terms directly with insurance companies and/or through brokers. Collaborates with cross-functional teams to ensure reporting and processing of all policy audits, payments, claims, and renewals. Supports loss prevention and safety initiatives. Reviews insurance policies for accuracy and works with brokers and underwriters to resolve discrepancies. Requires a bachelor's degree. Typically reports to a manager. Work is closely managed. Works on projects/matters of limited complexity in a support role. Typically requires 0-2 years of related experience. View full job description

• Similar Job titles to Insurance Risk Analyst I
  • Insurance Product Development Analyst II
  • Insurance Product Development Analyst III
  • Insurance Risk Analyst II
  • Insurance Risk Analyst III
  • Insurance Risk Analyst IV
  • Insurance Risk Analyst V
  • Insurance Risk Manager
  • Insurance Risk Senior Manager

• Level of Education
  • Insurance Risk Analyst I Salaries with No Diploma
  • Insurance Risk Analyst I Salaries with a High School Diploma or Technical Certificate
  • Insurance Risk Analyst I Salaries with an Associate's Degree
  • Insurance Risk Analyst I Salaries with a Bachelor's Degree
  • Insurance Risk Analyst I Salaries with a Master's Degree or MBA
  • Insurance Risk Analyst I Salaries with a JD, MD, PhD or Equivalent

• Industries that include Insurance Risk Analyst I
  • Aerospace & Defense ,
  • Biotechnology ,
  • Business Services ,
  • Chemicals ,
  • Construction ,
  • Edu., Gov't. & Nonprofit ,
  • Energy & Utilities ,
  • Financial Services ,
  • Healthcare ,
  • Hospitality & Leisure ,
  • Insurance ,
  • Internet ,
  • Media ,
  • MFG Durable ,
  • MFG Nondurable ,
  • Pharmaceuticals ,
  • Retail & Wholesale ,
  • Software & Networking ,
  • Telecom ,
  • Transportation

• Categories that include Insurance Risk Analyst I
  • Financial Services
  • Entry Level
  • Insurance

• Insurance Risk Analyst I Salaries by Province in Canada
  • Alberta
  • British Columbia
  • Manitoba
  • New Brunswick
  • Newfoundland and Labrador
  • Nova Scotia
  • Northwest Territories
  • Nunavut
  • Ontario
  • Prince Edward Island
  • Quebec
  • Saskatchewan
  • Yukon

• Financial Services Jobs by Salary Range
  • <$30K
  • $30K–$50K
  • $50K–$80K
  • $80K–$100K
  • >$100K