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Senior-level underwriters in Canada may earn as much as $130,000 or more in yearly salary, new research by Impact Recruitment shows. The P&C recruitment agency’s 2024 Insurance Salary Guide details salary ranges for underwriters and their assistants and breaks down compensation per province and level of experience, though it may vary per firm.

That’s anywhere from $15,000 to $30,000 less, on average, than their commercial peers. In the Greater Vancouver area, senior personal lines account managers earn $70,000 to $80,000, intermediates $60,000 to $70,000, and juniors $50,000 to $58,000. Earnings in Victoria dip just slightly from these numbers. However, In Toronto/GTA, personal ...

In late January, the Insurance Institute of Canada, the industry’s education arm, launched an industry-wide recruitment effort called Project Reframe. The public education campaign aims to portray the industry as an engaging, dynamic and interesting place to build a career. Other industry players have taken complementary approaches.

Co-operators General Insurance Company reported an annual underwriting loss of $184 million in 2023. This figure, which excludes discounting and risk adjustment, accounts for “a decline of $356.2 million from the underwriting gain of $171.3 million in the same period of 2022.”. Discounted estimates are an actuary’s estimate of the present ...

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The Premier P&C event of the year. This event will bring together bright minds to give talks that are idea-focused and on a wide range of subjects, to foster learning, inspiration and wonder and provoke conversations that matter. With prominent keynote speakers, expert insurance and business presenters, CIP Society Symposium will provide you ...