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Underwriter II Salaries in Thunder Bay, ON

• What is the average Underwriter II salary for Thunder Bay, ON?
  How much does an Underwriter II in Thunder Bay, ON make? The median annual Underwriter II salary in Thunder Bay, ON is C$83,365, as of July 27, 2026, with a range usually between C$75,812-C$91,677 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 Thunder Bay, ON.

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

• Most Popular Cities for Underwriter II in Canada
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• Most Popular Jobs Titles for Thunder Bay, ON
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• 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
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  • $80K–$100K
  • >$100K