FinanceGovernment / OECD · 96/1000–2 years
Entry Level Insurance Underwriter Salary in Toronto
2026 · Recent graduates and professionals with under 2 years of experience.
$51,483/yr
Typical range: $46,043 – $60,901
P10–P25 · BLS OEWS employer payroll data
Insurance Underwriter salary by experience level in Toronto
Insurance Underwriter Salary Progression in Toronto
From entry-level through staff — based on BLS OEWS percentile data
| Experience Level | Years | Percentile | Annual Salary | Monthly | vs Entry |
|---|---|---|---|---|---|
| EntryThis page | 0 yrs | 0 yrs | $51,483 | $4,290 | — |
| Junior | 2 yrs | 2 yrs | $66,430 | $5,536 | +29% |
| Mid-Level | 4 yrs | 4 yrs | $77,501 | $6,458 | +51% |
| Senior | 6 yrs | 6 yrs | $93,334 | $7,778 | +81% |
| Staff | 10 yrs | 10 yrs | $134,520 | $11,210 | +161% |
| Principal | 14 yrs | 14 yrs | $183,014 | $15,251 | +255% |
| Distinguished | 18 yrs | 18 yrs | $195,137 | $16,261 | +279% |
Current Salary
$51,483
Entry Level · 0–2 years
Hourly: $25/hr
Next Level Target
$66,430
Junior · 2
+$15Kpotential uplift
Career Opportunity
14/100
High Risk
+5% demand · Moderate AI risk
Frequently Asked Questions
What is the entry level Insurance Underwriter salary in Toronto, Canada?
Entry Level Insurance Underwriters in Toronto, Canada earn approximately $51K per year (2026). This corresponds to the P10–P25 range of BLS OEWS employer payroll data.
How much does a entry level Insurance Underwriter make per hour in Toronto, Canada?
Based on $51K annually, the hourly rate is approximately $25/hr (2,080-hour work year).
How do I get from entry level to senior Insurance Underwriter in Toronto, Canada?
The typical progression takes 4–6 years with consistent skill development, project leadership, and strategic job moves. A senior Insurance Underwriter in Toronto, Canada earns $113K–$150K/yr.