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Underwriter I Salaries in Toronto, ON

• What is the average Underwriter I salary for Toronto, ON?
  How much does an Underwriter I in Toronto, ON make? The median annual Underwriter I salary in Toronto, ON is C$68,411, as of July 27, 2026, with a range usually between C$61,947-C$75,216 not including bonus and benefit information and other factors that impact base pay. However, the salary for someone with the title Underwriter 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 Underwriter I in Toronto, ON.

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

• Job Description for Underwriter I
  Responsible for reviewing and analyzing risk characteristics on insurance applications, renewals, and change requests. Utilizes underwriting guidelines, rules, and standards to accept, reject, or mitigate risk for applications. Calculates renewal rates, and determines appropriate premiums, limits, and coverages. Ensures compliance with all industry and governmental regulations. May coordinate with field agents to collect or clarify information or decisions. 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 Underwriter I
  • Hydrologist I
  • Mortgage Underwriter I
  • Mortgage Underwriter II
  • Mortgage Underwriter III
  • Paralegal I
  • Plumber I
  • Underwriter I - Life
  • Underwriter II

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

• Most Popular Cities for Underwriter I in Canada
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• Most Popular Jobs Titles for Toronto, ON
  • Toronto, ON Art Director
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• Categories that include Underwriter I
  • Insurance

• Underwriter 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

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