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Insurance Underwriter Jobs in Ontario (NOW HIRING)

Oversee the preparation of group insurance quotations, renewal pricing, and requests for ... Collaborate with the Group Underwriting Manager to ensure underwriting tools and approaches support ...

Oversee the preparation of group insurance quotations, renewal pricing, and requests for ... Collaborate with the Group Underwriting Manager to ensure underwriting tools and approaches support ...

Senior Underwriter

Toronto, ON · Hybrid

CA$90K - CA$115K/yr

Senior Underwriter - LIFEBuild the Future with Us Are you passionate about the insurance industry and motivated by making sound, high-impact underwriting decisions? As a Senior Underwriter , you will ...

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Insurance Underwriter information

What is an insurance underwriter?

Insurance underwriters evaluate insurance policy applications, assess the risk, and make recommendations for coverage and premium pricing to insurance issuers. As an insurance underwriter, you use computer software and specific criteria to assess risk and establish pricing and research other factors such as market trends and equity values to provide data to support your recommendations. You determine if the policy will likely be a good financial investment for the insurance provider.

What does an insurance underwriter do?

An insurance underwriter evaluates applications for insurance coverage and determines the level of risk involved in insuring a person or asset. They review information such as application forms, medical records, and financial documents to decide whether to offer insurance and at what premium rate. Underwriters play a crucial role in helping insurance companies set appropriate coverage terms and minimize potential losses. Their work ensures that the company remains profitable while providing fair and accurate coverage to clients.

What are the key skills and qualifications needed to thrive as an insurance underwriter?

To thrive as an Insurance Underwriter, you need strong analytical skills, attention to detail, and a solid understanding of finance and risk assessment, often supported by a bachelor's degree in business, finance, or related fields. Familiarity with underwriting software, risk management systems, and relevant certifications like Chartered Property Casualty Underwriter (CPCU) is typically required. Excellent communication, decision-making, and negotiation skills help underwriters explain policies and collaborate effectively with agents and clients. These skills are vital for accurately assessing risk, ensuring profitability, and maintaining strong client relationships in the insurance industry.

What are some common challenges insurance underwriters face in balancing risk and customer satisfaction?

Insurance underwriters often face the challenge of assessing risks accurately while maintaining competitive offerings that satisfy clients. Striking the right balance can be difficult, as being too cautious may result in lost business, while being overly lenient can lead to unprofitable claims. Underwriters must stay current with industry trends, regulations, and risk assessment tools, and they frequently collaborate with agents and actuaries to ensure sound decisions. Effective communication and analytical skills are essential to navigate these competing demands and to help build long-term client relationships.

What is the difference between Insurance Underwriter vs Claims Adjuster?

AspectInsurance UnderwriterClaims Adjuster
Primary RoleAssess risk and determine policy termsEvaluate insurance claims and determine payouts
Required CredentialsTypically requires a bachelor's degree; certifications like CPCU are commonOften requires a bachelor's degree; certifications like AIC or CPCU are beneficial
Work EnvironmentOffice-based, analyzing data and risk factorsField and office-based, investigating claims and interviewing claimants
Industry UsageUsed across insurance companies for policy issuanceUsed for claims processing and settlement

Both roles are integral to the insurance industry, with underwriters focusing on risk assessment before policy issuance, and claims adjusters handling claims after a loss occurs. While their work environments and responsibilities differ, they often require similar credentials and certifications, making them closely related career paths within insurance companies.

Is it hard to become an insurance underwriter?

Becoming an insurance underwriter typically requires a bachelor's degree in a related field such as finance, business, or economics, along with strong analytical and decision-making skills. Gaining industry-specific knowledge through training or certification can also be beneficial, but the difficulty varies depending on individual background and experience.

What are the most commonly searched types of Insurance Underwriter jobs in Ontario?

The most popular types of Insurance Underwriter jobs in Ontario are:

What cities in Ontario are hiring for Insurance Underwriter jobs?

Cities in Ontario with the most Insurance Underwriter job openings:

Infographic showing various Insurance Underwriter job openings in Ontario as of August 2026, with employment types broken down into 1% As Needed, 72% Full Time, 21% Part Time, and 6% Contract. Highlights an 85% Physical, 1% Hybrid, and 14% Remote job distribution.

CA$56K - CA$104K/yr

Full-time, Part-time

Medical, Dental, Life, Retirement

Posted 5 days ago


Job description

Permanent Full Time 

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The Senior Group Insurance Underwriter is directly responsible for assessing the risk and making decisions associated with the sale, amendment and renewal of assigned cases. And, at times, provide annual financial reports to clients about their plan.  

The underwriter role is suited to the inquisitive individual who enjoys continuous learning and applying their knowledge in varied scenarios. You are a keen problem solver.  You like to analyze intricate data and make decisions based on your analysis.

In this role you will be exposed to the entire lifespan of a client and interact with all Group departments.

This will give you extraordinary scope in the group operation and often require you to take ownership over process and policy.

This role requires Reliability Status security clearance - this is a personnel security status that is required before an employee can gain access to Protected B information, assets or work sites as outlined by the Government of Canada website. 

We will provide successful candidates with a potential career path to move four career levels within the department.

What you will do:

  • Performing analysis for the purposes of quoting, negotiating, and authorizing the acceptance of risk within a specified authority level
  • Ensuring adherence to policies, procedures, and underwriting guidelines
  • Managing the pricing of assigned in-force caseload, including performing the annual renewal of rates and expenses, in-force quotes, marketings and approvals of amendments
  • The management of all aspects of financial reporting for an assigned caseload
  • Production of financial and service agreements on assigned caseload
  • Quotation of new business
  • Communicating decisions and responding to our business development representatives, the client, or the advisor's requests in a prompt and professional manner
  • Building positive working relationships with peers and other internal business areas
  • Meet with Senior Leaders as appropriate respecting specified authority levels
  • Act as an Underwriting resource for various projects and departmental initiatives

What you will bring:

  • You have post-secondary education or an equivalent combination of education and experience
  • You're curious and inquisitive.  You love math!
  • You get energized when you work in partnership with team members, business development offices, and many other internal business areas, and you do this with your excellent interpersonal skills.
  • Your verbal and written communication skills are both effective and efficient
  • You are a driver who has the ability to meet tight deadlines, work under pressure, and prioritize multiple tasks and shifting priorities
  • Your powerful analytical skills provide good judgement, solutions to problems and great decisions
  • You are convincing.  You can be influential and can negotiate with the ability to reach mutually beneficial outcomes while maintaining positive relationships
  • You understand what it means to put the customer first.  That is, put the customer at the center of what we do
  • You have prior years of experience in Group Underwriting with a strong understanding of group products. Experience with Group mainframe (PAS), and GroupNet reporting would be considered an asset
  • You have a thirst for knowledge.  Hence, you have a willingness to work towards a GBA or full CEBS designation under the CEBS program

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The base salary for this position is between $56,900 - $104,700 annually. This represents base salary only and does not represent other variable compensation components of our total compensation ( i.e. annual bonus, commission etc). If you are selected to move forward in our recruitment process, your recruiter will be able to discuss additional details of our total rewards program with you.

Career opportunities will be open a minimum of 5 business days from the date of posting, closing dates will vary depending on the search activity. All applications received will be reviewed on a rolling basis.

Grow with Canada Life 

We're united by a shared purpose: to improve the financial, physical and mental well-being of Canadians. Our company is trusted by 1 in 3 Canadians and contributes to the strength of communities across the country.  

We're looking for people who live our values everyday: we step up, we do the right thing, and we deliver - for our customers, communities and each other. Are you someone who always strives to do the right thing, who steps up for themselves and others, and who delivers with impact? Then we want to hear from you! 

What we offer:  

We're committed to supporting our employees through every stage of their career. Here's what you can expect as a full-time or part-time permanent team member: 

  • Career Development: Opportunities for career advancement, access to industry-leading learning programs and up to$2,000 annually towards education reimbursement. 
  • Health & Wellness:Flexible health and dental benefits, plus a $5,000 mental health benefit to support your well-being. 
  • Time Off:In addition to regular vacation and personal days, we support community involvement with a volunteer day. 
  • Financial Security:Company-matching pension plan,share ownership program and additionalinvestment options. 
  • Rewards and Recognition: Employee recognition programs, service milestone celebrations, employee discounts and more!  
  • Emphasis on Community: We provide a workplace where employees feel connected and supported through Employee Resource Groups (ERGs), mentorship programs, social clubs and events.  

Learn more about Canada Life.  

We're committed to removing barriers and ensuring equal access to employment. Applicants requiring reasonable accommodation during the application process may contact  talentacquisitioncanada@canadalife.com. All information provided will be handled in accordance with applicable laws and Canada Life policies.  

Canada Lifewould like to thank all applicants, however only those who qualify for an interview will be contacted. 

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