Director Underwriting salary in Canada

Average Yearly Salary of Director Underwriting in Canada is approximately 119,852 CAD (120,416 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 Director Underwriting do?

A Director of Underwriting is a senior-level position within an insurance company or financial institution. Their primary responsibility is to oversee the underwriting process, which involves assessing and evaluating risks associated with insurance policies or loan applications. They lead a team of underwriters and ensure that all policies adhere to the company's underwriting guidelines and regulatory requirements. The Director of Underwriting is also responsible for developing and implementing underwriting strategies, analyzing market trends, and making recommendations to senior management regarding pricing, risk management, and product development. They collaborate with other departments such as sales, claims, and legal to ensure efficient and effective underwriting operations. Strong analytical skills, risk assessment expertise, and knowledge of industry regulations are essential for success in this role.

Skills: Director of Underwriting, Risk Assessment, Insurance Policies, Underwriting Guidelines, Financial Institution, Strategic Planning
Job industry: Insurance

How much does Director Underwriting make?

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


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Salary comparison to National average

Is Director Underwriting a well paid job?

Yes, our data shows that Director Underwriting is a well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Director Underwriting?

High salary for Director Underwriting would be somewhere between 131,837 CAD and 173,785 CAD. However this is an estimation based on Gaussian Distribution.

How much can you save working as Director Underwriting 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: 119,852 CAD
Estimated Monthly Salary: 9,988 CAD
Estimated Weekly Salary: 2,305 CAD per week
Estimated Hourly Salary: 58 CAD per hour
By working as Director Underwriting a person can save up to 7,916 USD per month or 94,995 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 Director Underwriting

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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