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Underwriter III Salaries in Canada

• What is the average Underwriter III salary in Canada?
  How much does an Underwriter III in Canada make? The median annual Underwriter III salary in Canada is C$99,136, as of August 26, 2026, with a range usually between C$89,273-C$109,308 not including bonus and benefit information and other factors that impact base pay. However, the salary for someone with the title Underwriter III 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 III in Canada.

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

• Job Description for Underwriter III
  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 generally independent and collaborative in nature. Contributes to moderately complex aspects of a project. Typically requires 4-7 years of related experience. View full job description

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

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

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

• Categories that include Underwriter III
  • Insurance

• Underwriter III 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