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Insurance Risk Manager Salaries in Toronto, ON

• What is the average Insurance Risk Manager salary for Toronto, ON?
  How much does an Insurance Risk Manager in Toronto, ON make? The median annual Insurance Risk Manager salary in Toronto, ON is C$158,012, as of September 23, 2026, with a range usually between C$137,993-C$183,089 not including bonus and benefit information and other factors that impact base pay. However, the salary for someone with the title Insurance Risk Manager 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 Manager in Toronto, ON.

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• About this chart
  This chart describes the expected percentage of people who perform the job of Insurance Risk Manager in Toronto, ON that make less than that salary. For example 50% of the people who perform the job of Insurance Risk Manager in Toronto, ON are expected to make less than the median.
  Source: HR Reported data as of September 23, 2026

• Job Description for Insurance Risk Manager
  Manages the analysis of 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. Identifies and classifies risk exposures to provide optimum coverage, costs, and claim settlements. Conducts regular policy reviews and research. Implements processes that identify risk exposure and classify, measure, and manage insurable risks. Compiles loss trends and reviews actuarial estimations to make recommendations. Administers systems to collect data and generate meaningful models and reporting to support decisions. Prepares policy renewals and applications. May administer self-insured plans. Requires a bachelor's degree. Typically reports to a director. Manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. Typically requires 5 years experience in the related area as an individual contributor. 1-3 years supervisory experience may be required. Extensive knowledge of the function and department processes. View full job description

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

• Level of Education
  • Insurance Risk Manager Salaries with an Associate's Degree
  • Insurance Risk Manager Salaries with a Bachelor's Degree
  • Insurance Risk Manager Salaries with a Master's Degree or MBA
  • Insurance Risk Manager Salaries with a JD, MD, PhD or Equivalent

• Most Popular Cities for Insurance Risk Manager in Canada
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• Categories that include Insurance Risk Manager
  • Insurance
  • Financial Services

• Insurance Risk Manager 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

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