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Underwriter II Salaries in Canada

• What is the average Underwriter II salary in Canada?
  How much does an Underwriter II in Canada make? The median annual Underwriter II salary in Canada is C$79,760, as of August 26, 2026, with a range usually between C$72,535-C$87,714 not including bonus and benefit information and other factors that impact base pay. However, the salary for someone with the title Underwriter II 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 II in Canada.

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• About this chart
  This chart describes the expected percentage of people who perform the job of Underwriter II in , that make less than that salary. For example 50% of the people who perform the job of Underwriter II in are expected to make less than the median.
  Source: HR Reported data as of August 26, 2026

• Job Description for Underwriter II
  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. Occasionally directed in several aspects of the work. Gaining exposure to some of the complex tasks within the job function. Typically requires 2-4 years of related experience. View full job description

• Similar Job titles to Underwriter II
  • Mortgage Underwriter I
  • Mortgage Underwriter II
  • Mortgage Underwriter III
  • Underwriter I
  • Underwriter I - Life
  • Underwriter III
  • Underwriter III - Life
  • Underwriter IV

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

• Industries that include Underwriter II
  • Business Services ,
  • Edu., Gov't. & Nonprofit ,
  • Financial Services ,
  • Healthcare ,
  • Insurance ,
  • Retail & Wholesale

• Categories that include Underwriter II
  • Insurance

• Underwriter II 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
  • $50K–$80K
  • $80K–$100K
  • >$100K