Home > Salary > Canada > Underwriter 1
An underwriter is a professional who assesses and evaluates insurance applications to determine the level of risk involved in insuring individuals or organizations. They analyze various factors such as the applicant's health, financial status, and potential risks associated with the policy. Underwriters use this information to calculate premiums and decide whether to accept or reject an insurance application. They also ensure that the policies comply with legal and regulatory requirements.
Estimated Yearly Salary: 50,699 CAD
Estimated Monthly Salary: 4,225 CAD
Estimated Weekly Salary: 975 CAD per week
Estimated Hourly Salary: 24 CAD per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 4,089 CAD
Estimated Weekly Salary: 944 CAD per week
Estimated Hourly Salary: 24 CAD per hour
Last revision of data: 2024-01-06
Estimated Yearly Salary: 50,798 USD
Estimated Monthly Salary: 4,233 USD
Estimated Weekly Salary: 977 USD per week
Estimated Hourly Salary: 24 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %
Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Estimated Yearly Salary: 50,699 CAD
Estimated Monthly Salary: 4,225 CAD
Estimated Weekly Salary: 975 CAD per week
Estimated Hourly Salary: 24 CAD per hour
By working as Underwriter 1 a person can save up to 2,115 USD per month or 25,377 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.
Estimated Yearly Salary for Underwriter 1
United States Of America is 54,712 USD 8%
Details on Underwriter 1 salary in United States Of America Last revision of data: 2025-01-04
Data as of 2025
Random salary:
Accounting officer (58,304 CAD per year, pre-tax.)
University archivist (60,321 CAD per year, pre-tax.)
Biller (35,790 CAD per year, pre-tax.)
Senior research associate (92,967 CAD per year, pre-tax.)
Sr. program manager marketing (107,950 CAD per year, pre-tax.)
Underwriter 1 salary in Canada
Average Yearly Salary of Underwriter 1 in Canada is approximately 50,699 CAD (50,798 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 Underwriter 1 do?
An underwriter is a professional who assesses and evaluates insurance applications to determine the level of risk involved in insuring individuals or organizations. They analyze various factors such as the applicant's health, financial status, and potential risks associated with the policy. Underwriters use this information to calculate premiums and decide whether to accept or reject an insurance application. They also ensure that the policies comply with legal and regulatory requirements.
Skills: Underwriter, Risk assessment, Insurance industry, Financial analysis, Policy evaluation, Premium calculation
Job industry: Finance
Job industry: Finance
How much does Underwriter 1 make?
Salary details
How much does Underwriter 1 make?Estimated Yearly Salary: 50,699 CAD
Estimated Monthly Salary: 4,225 CAD
Estimated Weekly Salary: 975 CAD per week
Estimated Hourly Salary: 24 CAD per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 49,067 CADEstimated Monthly Salary: 4,089 CAD
Estimated Weekly Salary: 944 CAD per week
Estimated Hourly Salary: 24 CAD per hour
Last revision of data: 2024-01-06Underwriter 1 estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 50,798 USD
Estimated Monthly Salary: 4,233 USD
Estimated Weekly Salary: 977 USD per week
Estimated Hourly Salary: 24 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %About these results
Data confidence is - relatively high Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Compare salary to other countries
Please type in your occupation and select desired country to see latest trends in salaries.
Country:
Salary comparison to National average
Canada is a vast country located in North America. It has a population of approximately 38 million people, making it the second-largest country by land area and the tenth-largest by population. With a total area of about 9.98 million square kilometers, Canada is known for its breathtaking landscapes, including mountains, forests, lakes, and coastlines.
Estimated national average yearly salary is 70,966 CAD (52,960 USD). Value indicated is pre-tax. Below graph shows estimated Underwriter 1 job salary compared to average salary in Canada.
Comparison shows that a person working as Underwriter 1 in Canada earns on average:
0.71 times the average salary (or 71% of average salary).
Estimated national average yearly salary is 70,966 CAD (52,960 USD). Value indicated is pre-tax. Below graph shows estimated Underwriter 1 job salary compared to average salary in Canada.
Comparison shows that a person working as Underwriter 1 in Canada earns on average:
0.71 times the average salary (or 71% of average salary).
Is Underwriter 1 a well paid job?
No, our data shows that Underwriter 1 is typically not a well-paid job. The salary varies based on experience. Meaning that even though Underwriter 1 might be a low paying job, with experience the salary might increase to satisfactory levels.What is considered a high salary for Underwriter 1?
High salary for Underwriter 1 would be somewhere between 55,769 CAD and 73,514 CAD. However this is an estimation based on Gaussian Distribution.How much can you save working as Underwriter 1 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: 50,699 CAD
Estimated Monthly Salary: 4,225 CAD
Estimated Weekly Salary: 975 CAD per week
Estimated Hourly Salary: 24 CAD per hour
By working as Underwriter 1 a person can save up to 2,115 USD per month or 25,377 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 Underwriter 1
United States Of America is 54,712 USD 8%Details on Underwriter 1 salary in United States Of America
Last revision of data: 2025-01-04Salary 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 increaseTop 10 highest salaries in Canada
(552,602 CAD per year, pre-tax.)
2. Cardiologist
(460,219 CAD per year, pre-tax.)
(446,188 CAD per year, pre-tax.)
4. Neurosurgeon
(430,825 CAD per year, pre-tax.)
(430,370 CAD per year, pre-tax.)
(421,037 CAD per year, pre-tax.)
7. Urologist
(420,203 CAD per year, pre-tax.)
(419,967 CAD per year, pre-tax.)
(419,948 CAD per year, pre-tax.)
10. Plastic surgeon
(419,552 CAD per year, pre-tax.)
Data as of 2025Random salary:
Accounting officer (58,304 CAD per year, pre-tax.)
University archivist (60,321 CAD per year, pre-tax.)
Biller (35,790 CAD per year, pre-tax.)
Senior research associate (92,967 CAD per year, pre-tax.)
Sr. program manager marketing (107,950 CAD per year, pre-tax.)
Feedback about these results
Please provide feedback by clicking buttons below if you find any of our salaries erroneous.
Link to this graph - use the following code to display the salary graph on your page:
<a href='https://optisalary.com/salary?country=canada&job=underwriter-1'><img src='https://optisalary.com/wp-content/graphs/salary/underwriter-1-salary-in-canada-2025.jpg' alt='underwriter 1 salary in canada 2025' title='underwriter 1 salary in canada 2025' /></a>
Please note:The salary data presented here are meant for reference purposes only.
optisalary.com offers salary insights for informational purposes only. While we gather data from multiple sources, we do not guarantee absolute accuracy. Users are encouraged to consult external organizations before making major financial moves. Salaries shift due to various factors, such as market demand, employer policies, and geographic location. We cannot provide guarantee regarding the validity of the displayed salary figures. Your use of this site confirms your acceptance of these terms.
Salary details displayed on optisalary.com are meant for reference purposes exclusively. Our data comes from various inputs and may not always be up to date. Users should cross-reference salary information through other means before making employment decisions. The figures listed here may change due to variables such as company policies, experience levels, and demand shifts. We cannot guarantee that the data provided is flawless. By accessing optisalary.com, you accept that salary information is presented 'as is' and without warranties.