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Life Insurance Analyst Jobs in Ontario (NOW HIRING)

Manulife

Licensed Insurance Advisor

Toronto, ON · On-site

Support new clients by handling inbound calls about Health & Dental, Travel, and Life Insurance ... Attention to detail when gathering information, analyzing needs, and offering solutions Preferred ...

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All JobsLife Insurance Analyst JobsLife Insurance Analyst Jobs in Ontario

Life Insurance Analyst information

See Ontario salary details

$12

$34

$70

How much do life insurance analyst jobs pay per hour?

As of Sep 7, 2026, the average hourly pay for life insurance analyst in Ontario is $34.36, according to ZipRecruiter salary data. Most workers in this role earn between $17.79 and $46.88 per hour, depending on experience, location, and employer.

What does a life insurance analyst do?

A Life Insurance Analyst is responsible for evaluating life insurance policies, reviewing applications, and assessing risk to determine appropriate coverage and premiums. They analyze financial and medical information to ensure compliance with regulations and company policies. Their work helps both insurance companies and clients make informed decisions about life insurance products and coverage options.

What are the key skills and qualifications needed to thrive as a life insurance analyst?

To thrive as a Life Insurance Analyst, you need strong analytical skills, attention to detail, and a solid understanding of insurance principles, typically supported by a degree in finance, business, or a related field. Proficiency in data analysis tools, insurance management systems, and knowledge of regulatory compliance, as well as certifications like FLMI, are often required. Excellent communication, critical thinking, and problem-solving skills help analysts interpret complex data and explain findings to clients or stakeholders. These skills ensure accurate risk assessment, compliance, and effective policy recommendations within the insurance industry.

What are some common challenges faced by life insurance analysts when evaluating complex policies?

Life Insurance Analysts often encounter challenges when assessing policies with unique riders, variable benefits, or non-standard underwriting criteria. Interpreting policy language, ensuring compliance with regulatory standards, and accurately evaluating risk profiles can be demanding, especially when working with incomplete or ambiguous information. Collaboration with underwriters, actuaries, and legal teams is frequently necessary to resolve complexities, making strong communication and analytical skills essential for success in this role.

What is the difference between Life Insurance Analyst vs Actuary?

AspectLife Insurance AnalystActuary
Required CredentialsBachelor's degree, possibly some actuarial examsBachelor's degree, professional actuarial certifications (e.g., ASA, FSA)
Work EnvironmentInsurance companies, consulting firms, financial institutionsInsurance companies, consulting firms, government agencies
Job FocusAnalyzing policy data, risk assessment, financial modelingCalculating probabilities, setting premiums, reserving, risk modeling

While both roles involve analyzing insurance data, Life Insurance Analysts focus on policy analysis and financial modeling, whereas Actuaries perform complex risk calculations and premium setting using advanced statistical methods. Both roles require strong analytical skills and familiarity with insurance products, but Actuaries typically hold professional certifications and engage in more specialized risk assessment tasks.

How much does a life insurance analyst make?

A life insurance analyst typically earns a median annual salary of around $60,000 to $80,000, depending on experience, location, and employer size. Entry-level analysts may start lower, while experienced professionals with certifications can earn higher salaries. The role often requires strong analytical skills and knowledge of insurance products and regulations.

What are popular job titles related to Life Insurance Analyst jobs in Ontario?

For Life Insurance Analyst jobs in Ontario, the most frequently searched job titles are:

What job categories do people searching Life Insurance Analyst jobs in Ontario look for?

The top searched job categories for Life Insurance Analyst jobs in Ontario are:

Life Insurance Analyst jobs near you
Infographic showing various Life Insurance Analyst job openings in Ontario as of August 2026, with employment types broken down into 1% As Needed, 67% Full Time, 27% Part Time, and 5% Contract. Highlights an 91% Physical, 1% Hybrid, and 8% Remote job distribution, with an average salary of $71,463 per year, or $34.4 per hour.

Senior Actuarial Analyst - Research & Development

Wawanesa Insurance

Ottawa, ON • Hybrid

CA$90K - CA$110K/yr

Full-time, Part-time

Retirement, PTO

Re-posted 16 days ago

Job description

Job ID: 10215 


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: Winnipeg, MB; Wawanesa, MB; Vancouver, BC; Calgary, AB; Edmonton, AB; Lethbridge, AB; Toronto (North York), ON; Kitchener, ON; Ottawa, ON; Montreal, QC; Quebec City, QC, Moncton, NB; Dartmouth; NS. 

Working Business Language: English. This role is considered a head-office role and will be required to communicate with internal stakeholders across Canada where the primary business language utilized is English. 
 

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: $90,000 - $110,000. 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

Working with a high degree of autonomy, the Actuarial R&D provides contributions to the actuarial group based on knowledge from the actuarial exam system and prior relevant academic or work experience. They will mentor Actuarial Analyst colleagues while applying their knowledge to complex actuarial analysis in the pursuit of solving business issues and answering business questions.

Job Responsibilities
  • Researches, extracts, and manipulates complex data from relevant sources, and assesses data quality
  • Supports the business and overall team by performing analyses/reviews and completing ad-hoc requests/special projects in a timely manner with minimal support from peers and leaders
  • Evaluates procedures and processes, and recommend alternatives or improvements
  • Evaluates existing processes to find areas for increased efficiency
  • Identifies opportunities for automation of routine tasks
  • Develops new approaches to problem solving and assess impacts with minimal support from leaders.
  • Identifies emerging industry trends and analyzes the impact they will have on Wawanesa.
  • Encouraged to represent Wawanesa at external events that may include universities, actuarial clubs, industry organizations, and charitable causes
  • Commits to professional development and continuous experiential learning to build cross-functional knowledge, technical skills, and mastery in competencies
  • Focuses learning activities on bringing new knowledge and skills to team in order to address any existing gaps.
  • Provides regular project updates to stakeholders. Anticipates obstacles and raises them in advance.
  • Builds trust with teams around the actuarial function. Leads some projects from beginning to end, Include implementation of final product. May include training and documentation of the project.
  • Actively contributes to the mentorship, training and development of actuarial analysts
  • Reviews analysis of peers and provides thoughtful feedback on reasonableness, completeness and accuracy 
  • Builds trust and credibility with peers. Develops strong working relationships across teams.
Qualifications
  • Bachelor's degree in Actuarial Science, Mathematics, Statistics, or other related discipline
  • More than two years of actuarial experience an asset
  • Working towards ACAS designation; 4 CAS exams an asset 
  • Experience with machine learning modelling or other pricing modelling methods and software.
  • Ability to translate problem solving methods and ideas to various computer languages efficiently and effectively.
  • Ability to apply knowledge of actuarial science, mathematics, probability, statistics, principles of finance and business to problems in insurance.
  • Understanding of database systems and how to interpret/extract data from those systems.
  • Advanced written and verbal communication skills with ability to communicate at the right level of complexity for the audience.
  • Ability to develop timelines for projects and handling multiple concurrent assignments in a timely manner while proactively keeping leader informed of progress.
  • Works efficiently and cooperatively in a team environment and involve others when appropriate.
  • Ability to ask effective questions to elicit detailed and relevant information.

#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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