Assistant Underwriter salary in Canada

Average Yearly Salary of Assistant Underwriter in Canada is approximately 50,134 CAD (50,153 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.

What does Assistant Underwriter do?

An assistant underwriter is a professional who supports the underwriting team in evaluating and assessing insurance applications. They are responsible for gathering and verifying information from clients, brokers, and other sources to determine the level of risk associated with an insurance policy. Assistant underwriters assist in analyzing data, reviewing documents, and performing calculations to determine the appropriate premium rates and coverage limits. They may also assist in preparing quotes, policies, and endorsements for clients. Additionally, they help maintain accurate records and ensure compliance with underwriting guidelines and regulations. Strong analytical skills, attention to detail, and knowledge of insurance policies and procedures are essential for success in this role.

Skills: Assistant underwriter, Insurance industry, Risk assessment, Underwriting process, Data analysis, Compliance.
Job industry: Insurance

How much does Assistant Underwriter make?

Difference in salary year over year or average salary increase is approximately 3 %


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Salary comparison to National average

Is Assistant Underwriter a well paid job?

No, our data shows that Assistant Underwriter is typically not a well-paid job. The salary varies based on experience. Meaning that even though Assistant Underwriter might be a low paying job, with experience the salary might increase to satisfactory levels.

What is considered a high salary for Assistant Underwriter?

High salary for Assistant Underwriter would be somewhere between 55,147 CAD and 72,694 CAD. However this is an estimation based on Gaussian Distribution.

How much can you save working as Assistant Underwriter in Canada?

Living in Canada the approximate monthly expenses are: 2,118 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.

Estimated Yearly Salary: 50,134 CAD
Estimated Monthly Salary: 4,178 CAD
Estimated Weekly Salary: 964 CAD per week
Estimated Hourly Salary: 24 CAD per hour
By working as Assistant Underwriter a person can save up to 2,061 USD per month or 24,732 USD yearly. Values are pre-tax.

NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.

For more information regarding expenses in Canada, see costs of living in Canada.

Salary comparison to region and neighbouring coutries

Country's neighbours are: United States of America.
To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).

Estimated Yearly Salary for Assistant Underwriter

Last revision of data: 2025-01-04

Salary increase per years of experience

Based on data available the salary increase per years of experience is as following

0 years (beginner) equals base salary

1 to 5 years of experience yields +12% salary increase

6 to 10 years of experience yields +25% salary increase

11 to 15 years of experience yields +16% salary increase

16 to 25 years of experience yields +9% salary increase

more than 25 years of experience yields +10% salary increase

NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

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Data as of 2025

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