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Insurance Product Development Jobs in Ontario (NOW HIRING)

NACBA

Senior R&D Actuary

Toronto, ON · On-site

$156 - $195/hr

Experience in mortality and lapse assumption development for life insurance products * Proven ability to translate complex analytical findings into clear business recommendations * Strong ...

Swiss Re

Senior R&D Actuary

Toronto, ON

CA$156K - CA$195K/yr

Experience in mortality and lapse assumption development for life insurance products * Proven ability to translate complex analytical findings into clear business recommendations * Strong ...

Clio

Product Design Manager, International

Toronto, ON · Hybrid

Hire and develop exceptional talent through feedback, coaching, and performance development. What ... Competitive, equitable salary with top-tier health benefits, dental, and vision insurance * Hybrid ...

HollisWealth

Sales Associate, Insurance

Toronto, ON

CA$73K - CA$96K/yr

Here, people and their development are at the heart of our priorities, fostering an environment ... Drive sales growth by increasing advisor awareness of iA's life insurance products and industry ...

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Showing results 21-40

All JobsInsurance Product Development JobsInsurance Product Development Jobs in Ontario

Insurance Product Development information

See Ontario salary details

$26K

$79.2K

$152.5K

How much do insurance product development jobs pay per year?

As of Aug 12, 2026, the average yearly pay for insurance product development in Ontario is $79,176.00, according to ZipRecruiter salary data. Most workers in this role earn between $53,000.00 and $100,000.00 per year, depending on experience, location, and employer.

What are the main responsibilities of someone working in insurance product development?

Professionals in Insurance Product Development are responsible for researching market trends, identifying customer needs, and designing new insurance products or enhancements to existing offerings. This role often involves close collaboration with underwriting, actuarial, marketing, and compliance teams to ensure products are competitive, profitable, and compliant with industry regulations. Team members may also conduct competitor analysis, coordinate product launches, and provide ongoing lifecycle support for their products. The work environment is typically dynamic and project-driven, offering both creative and analytical challenges.

What is an insurance product development?

An Insurance Product Development job involves designing, testing, and launching insurance products that meet market demands and regulatory requirements. Professionals in this role analyze industry trends, assess risks, and collaborate with underwriting, actuarial, and marketing teams to develop competitive policies. They ensure compliance with legal standards and optimize product offerings to attract customers while maintaining profitability. This position requires a mix of analytical skills, market research, and knowledge of insurance principles.

What are the key skills and qualifications needed to thrive in insurance product development, and why are they important?

To thrive in Insurance Product Development, a solid background in insurance concepts, product design, and market analysis is typically required, often supported by a degree in business, finance, or a related field. Familiarity with actuarial software, data analytics tools, and regulatory compliance systems is highly valued, and some roles may require certifications such as CPCU or CLU. Strong project management, creativity, and effective communication skills are important soft skills for collaborating with cross-functional teams and stakeholders. These competencies are crucial to successfully developing innovative insurance products that meet market demands while adhering to regulatory requirements.

What are popular job titles related to Insurance Product Development jobs in Ontario? For Insurance Product Development jobs in Ontario, the most frequently searched job titles are:
What job categories do people searching Insurance Product Development jobs in Ontario look for? The top searched job categories for Insurance Product Development jobs in Ontario are:
Insurance Product Development jobs near you
Infographic showing various Insurance Product Development job openings in Ontario as of August 2026, with employment types broken down into 100% Full Time. Highlights an 100% In-person job distribution, with an average salary of $79,176 per year, or $38.1 per hour.

Bilingual Segment Specialist, Commercial Mid-Market (Farm)

Wawanesa Insurance

Ottawa, ON • Hybrid

CA$120K - CA$145K/yr

Full-time, Part-time

Retirement, PTO

Posted 6 days ago

Job description

Job ID: 10248 


Employment Type: Existing Role 

Work Environment: We offer a hybrid work environment that offers flexibility to our employees in balancing in-office (2 days per week OR 15 hours per week in a Wawanesa office) and remote work. You may work from any of the following locations: Toronto (North York), ON; Kitchener, ON; Ottawa, ON; Montreal, QC; Quebec City, QC, Moncton, NB; Dartmouth; NS. 

Working Business Language: Bilingual in French and English. This role requires regular interaction with customers across Canada, including in Quebec, where the business languages utilized are both English and French.As such, the successful candidate must be fully proficient in English and French.   
 

Salary: At Wawanesa, salary is only one component of a holistic, comprehensive and competitive offering that we provide to our employees. In addition to salary, full-time and part-time permanent employees are eligible for an annual bonus plan, leave of absence top-up programs and provided with generous vacation time, personal days, premium free benefits and pension plan. 
 

The salary offered for this role is determined with consideration to various factors, including but not limited to: your work location, local labour market conditions, external market salary data, internal pay equity and the knowledge, skills, experience and anticipated proficiency in the role. The salary offered is estimated to be within the following range: $120,000 - $145,000. Candidates with salary expectations outside of the range are still encouraged to apply. 

About The Wawanesa Mutual Insurance Company
Founded in 1896, The Wawanesa Mutual Insurance Company is one of Canada's largest mutual insurers, 100% owned by its members, with more than $4.1 billion in annual revenue and $12.5 billion in assets. Headquartered in Winnipeg, Wawanesa is the parent company of Wawanesa Life, which provides life insurance solutions throughout Canada, and Western Financial Group, a leading national distributor of personal and business insurance. In March of 2026, Wawanesa entered into an agreement to acquire Everest Insurance Company of Canada to strengthen its commercial insurance capabilities and advance its long-term growth strategy.


Wawanesa proudly serves more than 1.8 million members and we are home to more than 3,000 employees across Canada. The company actively gives back to organizations that strengthen communities, donating more than $4 million annually to charitable organizations, including more than $2 million each year in support of people on the front lines of climate change. Learn more at wawanesa.com.

We are currently looking for dedicated, driven, and enthusiastic individuals who thrive in an environment that welcomes change and are looking for an opportunity for diverse experience and advancement on a growing team.

Job Overview

The Segment Specialist, Commercial Mid-Market is responsible for working closely with the Director, Underwriting Operations, Commercial Mid-Market to drive Wawanesa's strategy, performance, and execution for the national [insert segment} portfolio.  Targeting commercial policies ranging from $10K to $500K in premium, this role is responsible for developing underwriting playbooks, analyzing performance, identifying growth and product development opportunities for the defined mid-market business segment, and provides national technical leadership in underwriting, product development, pricing, risk selection, and quality assurance for the specified segment, ensuring portfolio quality, profitability and competitiveness for the defined segment/portfolio. 


Reporting to the Director, Underwriting Operations, Commercial Mid-Market this creative, solution oriented, technical underwriter works close partnership with middle market underwriters to undertake competitive research, develop solutions, identify opportunities, and ensure portfolio quality, and profitability while maintaining a competitive edge. This role will hold high underwriting authority for the business segment and provides technical leadership and coaching to underwriters to get complex deals over the line. 

Job Responsibilities
  • Support the development of underwriting playbooks for the defined mid-market segment, ensuring the portfolio is positioned for profitable growth, operational excellence, and superior service.
  • Support the development of underwriting standards, tools, pricing strategies, and risk management practices tailored to the complexity and scale of the specific segment.
  • Act as a technical expert for the specific segment, this will include supporting the underwriting of large accounts, performing file reviews, large loss analysis, portfolio reviews and coaching underwriters while holding high underwriting authority for the business segment.
  • Collaborate with actuarial, analytics, and data teams to ensure pricing reflects risk exposure, competitive benchmarks, and emerging trends in the mid-market segment.
  • Partner with product development teams to evolve mid-market offerings, introducing solutions that respond to broker and member needs and drive profitable growth
  • Working closely with Risk Preventions Services and Claims teams to drive compelling member propositions, solution and efficiencies enabling brokers to sell Wawanesa as a market of choice.
  • Support the director in providing technical leadership to middle market underwriters fostering a high-performance and purpose-driven culture that drives profitable growth while driving underwriting quality and pricing adequacy.
  • Ensure the portfolio is underpinned by sound governance, underwriting discipline, and compliance with all applicable regulatory and corporate policies.
    Align operations and underwriting guidelines with claims strategies to drive consistent outcomes and ensure fair, member-centric experiences.
  • Support the director in monitoring and reporting on key portfolio performance metrics for the specific segment-hit ratio, loss ratio, growth, retention, mix, and broker performance-while identifying opportunities for growth, diversification and loss ratio improvement.
  • Embed Wawanesa's purpose and values into all aspects of leadership-building trust with members, enabling success for brokers, and creating value for communities
  • Promote inclusion, integrity, and fairness in how business is conducted, decisions are made, and teams are developed.
Qualifications
  • Minimum 10 years of experience in commercial insurance, with deep expertise in mid-market underwriting in the specific segment.
  • Good communication skills in French and English, both written and spoken.
  • Bachelor's degree in business, insurance, risk management, or related field; MBA or CRM designations are considered strong assets.
  • Holds CIP or FCIP.
  • Product development and portfolio management experience considered an asset.
  • Strong understanding of the mid-market business environment, commercial lines regulatory frameworks, and broker distribution models.
  • Proven ability to balance growth and risk, with a focus on long-term portfolio health and member value.
  • Excellent relationship management, communication, and stakeholder engagement skills.
  • Bilingualism in English and French is considered an asset.
  • Ability and willingness to travel nationally to engage with regional teams and brokers.

#LI-AF1 #LI-Hybrid


Diversity Equity, Inclusion& Belonging
At Wawanesa, we are committed to Diversity, Equity, Inclusion and Belonging (DEIB) and believe that our strength lies in the diversity of our people - this is supported by having a representative workforce.

We welcome applications from all qualified candidates, including racialized persons, women, Indigenous Peoples, persons with disabilities, members of the 2SLGBTQIA+ community, gender-diverse and neurodiverse individuals, and anyone who can contribute to the further diversification of thought and ideas. 
 

We aim to ensure our recruitment process is accessible to all candidates. If you require accommodations during any stage of the recruitment process, please reach out in confidence to jobs@wawanesa.com.
 

All Wawanesa job applicants are subject to Wawanesa's Privacy Policy.

Please note that the recruitment process for this position may involve the use of AI tools to screen, assess, or select applicants. All final decisions are taken or reviewed by human recruiters and human hiring leaders in compliance with all applicable legislation.  
 

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