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Underwriter III Salaries in Thunder Bay, ON

• What is the average Underwriter III salary for Thunder Bay, ON?
  How much does an Underwriter III in Thunder Bay, ON make? The median annual Underwriter III salary in Thunder Bay, ON is C$104,069, as of September 23, 2026, with a range usually between C$93,716-C$114,749 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 Thunder Bay, ON.

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

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