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Underwriter III Salaries in Toronto, ON

• What is the average Underwriter III salary for Toronto, ON?
  How much does an Underwriter III in Toronto, ON make? The median annual Underwriter III salary in Toronto, ON is C$103,125, as of September 23, 2026, with a range usually between C$92,866-C$113,708 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 Toronto, ON.

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• About this chart
  This chart describes the expected percentage of people who perform the job of Underwriter III in Toronto, ON that make less than that salary. For example 50% of the people who perform the job of Underwriter III in Toronto, 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
  • Fredericton, NB Underwriter III
  • Moncton, NB Underwriter III
  • Halifax, NS Underwriter III
  • Oshawa, ON Underwriter III
  • Ottawa, ON Underwriter III
  • Charlottetown, PE Underwriter III
  • Montreal, QC Underwriter III
  • Quebec, QC Underwriter III
  • Sherbrooke, QC Underwriter III

• Most Popular Jobs Titles for Toronto, ON
  • Toronto, ON Art Director
  • Toronto, ON Technical Writer III
  • Toronto, ON Public Relations Specialist III
  • Toronto, ON Print Production Coordinator I
  • Toronto, ON Industrial Designer III
  • Toronto, ON Environmental Engineering Manager

• 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