Underwriter III Salaries in Toronto, ON
Alternate Job Titles: Insurance Underwriter III
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How much does an Underwriter III in Toronto, ON make? The median annual Underwriter III salary in Toronto, ON is C$99,125, as of March 25, 2025, with a range usually between C$88,647-C$108,975 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.
This chart describes the expected percentage of people who perform the job of Underwriter III in Toronto, Ontario that make less than that annual salary. For example the median expected annual pay for a typical Underwriter III in Toronto, ON is C$99,125, so 50% of the people who perform the job of Underwriter III in Toronto, ON are expected to make less than C$99,125.
Source: HR Reported data as of March 25, 2025
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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 March 25, 2025
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Reviews and analyzes risk characteristics on insurance applications, renewals, and change requests. Utilizes underwriting guidelines, rules, standards, and levels of authority to accept, reject, or mitigate risk for applications and determine appropriate premiums, limits, and coverages. Calculates renewal rates. Ensures that underwriting activities comply with all industry and governmental regulations. May coordinate with field agents to collect or clarify information or decisions. Typically requires a bachelor's degree or equivalent. Typically reports to a supervisor or 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
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