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Insurance Risk Engineer Jobs in Ontario (NOW HIRING)

Hibernian General Insurance

Data Scientist

Markham, ON · On-site

CA$80K - CA$120K/yr

Working alongside actuaries, catastrophe risk specialists, and other insurance professionals, you ... Strong programming skills in Python and SQL, with experience working with large and complex ...

Wawanesa Insurance

Catastrophe Risk Specialist

Toronto, ON · Hybrid

CA$85K - CA$115K/yr

About The Wawanesa Mutual Insurance Company Founded in 1896, The Wawanesa Mutual Insurance Company ... Proficiency in catastrophe modeling software, programming languages such as R, SQL, or similar for ...

Wawanesa Insurance

Catastrophe Risk Specialist

Toronto, ON · Hybrid

CA$85K - CA$115K/yr

About The Wawanesa Mutual Insurance Company Founded in 1896, The Wawanesa Mutual Insurance Company ... Proficiency in catastrophe modeling software, programming languages such as R, SQL, or similar for ...

Wawanesa Insurance

Catastrophe Risk Specialist

Ottawa, ON · Hybrid

CA$85K - CA$115K/yr

About The Wawanesa Mutual Insurance Company Founded in 1896, The Wawanesa Mutual Insurance Company ... Proficiency in catastrophe modeling software, programming languages such as R, SQL, or similar for ...

Wawanesa Insurance

Catastrophe Risk Specialist

Kitchener, ON · Hybrid

CA$85K - CA$115K/yr

About The Wawanesa Mutual Insurance Company Founded in 1896, The Wawanesa Mutual Insurance Company ... Proficiency in catastrophe modeling software, programming languages such as R, SQL, or similar for ...

Td

Transparency Pricing & Risk Developer

Toronto, ON

CA$126K - CA$164K/yr

... Insurance * U.S. Retail including TD Bank, America's Most Convenient Bank, TD Auto Finance (U.S ... Technical Skills * 8+ years' experience as a software engineer delivering FO pricing/trading/risk ...

Munich Re

Senior ML Engineer

Toronto, ON

... insurance, risk, and reinsurance domains. As a Senior Machine Learning Engineer, you will play a ... key role in designing, building, and operationalizing ML solutions-working closely with data ...

AECOM

Risk Analyst - Airport

Mississauga, ON · On-site

... engineers, scientists, digital innovators, program and construction managers and other ... Responsible for management of risks-related issues and insurance activities of the organization.

BMO Capital Markets

Model Risk Specialist

Toronto, ON · On-site

CA$61K - CA$113K/yr

... or engineering Performs validation of models and assesses model risk to confirm model ... BMO also offers health insurance, tuition reimbursement, accident and life insurance, and ...

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All JobsInsurance Risk Engineer JobsInsurance Risk Engineer Jobs in Ontario

Insurance Risk Engineer information

See Ontario salary details

$28.5K

$133K

$314.5K

How much do insurance risk engineer jobs pay per year?

As of Jul 23, 2026, the average yearly pay for insurance risk engineer in Ontario is $133,039.00, according to ZipRecruiter salary data. Most workers in this role earn between $79,500.00 and $167,500.00 per year, depending on experience, location, and employer.

What does an Insurance Risk Engineer do?

An Insurance Risk Engineer assesses potential risks associated with a business or property to help insurers make informed underwriting decisions. They analyze safety protocols, operational procedures, and structural conditions to identify hazards and recommend risk mitigation strategies. Their goal is to minimize potential losses for both the insurer and the policyholder by implementing effective preventive measures. Risk engineers often conduct site inspections, review compliance with industry regulations, and provide detailed reports to underwriters. This role requires a strong understanding of engineering principles, risk assessment methodologies, and industry-specific safety standards.

What are the typical daily responsibilities of an Insurance Risk Engineer?

Insurance Risk Engineers commonly spend their days conducting on-site risk assessments of commercial and industrial properties, analyzing data to identify potential hazards, and preparing detailed risk evaluation reports for underwriters and clients. They often meet with property managers, safety officers, and other stakeholders to discuss best practices and recommend loss prevention measures. The role may involve occasional travel to client locations and close collaboration with underwriting and claims teams. This dynamic work environment enables continuous learning and opportunities to make tangible impacts on risk management outcomes.

What are the key skills and qualifications needed to thrive in the Insurance Risk Engineer position, and why are they important?

To thrive as an Insurance Risk Engineer, you need a solid background in engineering or a related technical field, strong analytical abilities, and in-depth knowledge of risk assessment methodologies. Familiarity with risk modeling software, industry safety codes, and certifications such as CFPS (Certified Fire Protection Specialist) or ARM (Associate in Risk Management) is highly valued. Exceptional communication, problem-solving skills, and attention to detail are key soft skills for effectively interacting with clients and translating complex technical findings. These competencies ensure accurate risk evaluations, support underwriters, and help mitigate losses, ultimately protecting both insurers and their clients.

What are popular job titles related to Insurance Risk Engineer jobs in Ontario? For Insurance Risk Engineer jobs in Ontario, the most frequently searched job titles are:
What job categories do people searching Insurance Risk Engineer jobs in Ontario look for? The top searched job categories for Insurance Risk Engineer jobs in Ontario are:
Insurance Risk Engineer jobs near you
Infographic showing various Insurance Risk Engineer job openings in Ontario as of July 2026, with employment types broken down into 90% Full Time, 5% Part Time, and 5% Contract. Highlights an 100% In-person job distribution, with an average salary of $133,039 per year, or $64 per hour.

Senior Risk Engineer - Property

Leap Recruitment Partners

Toronto, ON

CA$130K - CA$170K/yr

Other

Medical, Dental, Vision, Life, Retirement, PTO

Posted 15 days ago

Job description

Job Description Senior Risk Engineer - Commercial Property Location: Toronto, ON (Hybrid) Position Type: Full-Time, Regular Compensation: CAD $130,000 - $170,000 annually (commensurate with experience and qualifications) The Role Leap Recruitment Partners is proud to partner with a premier global leader in the commercial insurance and risk management sector. Known for a decades-long legacy of economic stewardship and disciplined capital management, our client empowers businesses worldwide to navigate challenges and achieve sustainable growth. On their behalf, we are seeking a Senior Risk Engineer - Property to join an evolving, high-impact technical team.

In this role, you will serve as a vital link between complex engineering data and strategic underwriting decisions, helping to shape modern, scalable risk management practices for commercial property and construction portfolios. Key Responsibilities Underwriting Partnership: Collaborate closely with underwriting teams to evaluate risk profiles, facilitating disciplined account selection and profitable portfolio development. Technical Risk Analysis: Conduct comprehensive hazard assessments, perform site inspections, and model complex loss scenarios, including EML and MFL projections.

Reporting & Insights: Generate detailed technical risk reports featuring clear, practical risk-mitigation recommendations, and synthesize third-party engineering data into actionable underwriting insights. Methodology & Innovation: Contribute to the design and enhancement of proprietary risk assessment frameworks, predictive tools, and loss estimation models. Market Engagement: Act as a proactive technical advisor during broker and client interactions, reinforcing the company's reputation as a sophisticated risk partner.

Knowledge Sharing: Monitor industry trends and emerging risk landscapes to inform broader underwriting strategies and conduct internal training sessions to elevate team capabilities. Qualifications & Experience Professional Experience: 5 to 10 years of dedicated experience in property and construction risk engineering, loss control, or technical risk consulting. Domain Expertise: Proven track record evaluating large, sophisticated industrial or commercial risks, alongside strong familiarity with risk improvement methodologies.

Education: Bachelor's degree in Engineering or a closely related technical field. Soft Skills: Exceptional communication and relationship-building skills, with a demonstrated ability to translate intricate technical concepts into commercial value. Benefits & Culture Our client believes that unique perspectives drive innovation.

If you are enthusiastic about this opportunity but your background doesn't match every single qualification perfectly, we still highly encourage you to apply. In addition to a competitive base salary, this full-time role offers a comprehensive rewards package, including: Robust health, dental, and vision insurance coverage Company-matched retirement savings plan Holistic employee wellness initiatives Life and disability insurance protection Generous paid time off (PTO) and observed holidays At Leap we are an Equal Opportunity and Affirmative Action Employer. That means all applicants will be considered for employment without attention to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran, or disability status.

Leap will not tolerate any discrimination or harassment based on any of these characteristics. Leap encourages applicants of all ages.

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