The average salary for an Insurance Underwriter, Commercial Property is C$51,152 per year. Pay for this job rises steadily for more experienced workers, but goes down noticeably for the few employees with more than 20 years' experience. People in this job generally don't have more than 20 years' experience. A skill in Oral / Verbal Communication is associated with high pay for this job.

C$40,529 - C$69,262
C$41K
C$52K
C$69K
MEDIAN: C$52,385
10%
50%
90%
C$0C$73K
Salary C$40,529 - C$69,262
Bonus C$962 - C$7,875
Profit Sharing C$0.00 - C$4,949
Commission C$1,500
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
C$41,055 - C$73,957
  • Country: Canada
  • Currency: CAD
  • Updated: 20 Jan 2018
  • Individuals Reporting: 172

Job Description for Insurance Underwriter, Commercial Property

The essential function of a insurance underwriters for commercial properties is to determine risk factors and then write and present policies to agencies, using critical thinking skills to improve client retention. Generally, the underwriter holds a full-time position that requires a bachelor's degree in a relevant field. They need excellent knowledge of relevant laws and statutes pertaining to the insurance offerings. Many companies have a set of standards in place related to underwriting that must be strictly followed. For this reason, insurance underwriters for commercial properties must be detail-oriented and need to document all information and processes.

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Insurance Underwriter, Commercial Property Tasks

  • Analyze new and renewal business, data, claim history, loss experience, and outcome of liability decisions.
  • Underwrite, submit, approve or pend coverage amounts and premiums, and present decisions to management.
  • Monitor existing policies for compliance with company guidelines.
  • Manage underwriting territory and select new business based on analysis of their profitability.

Insurance Underwriter, Commercial Property Pay By Employer

$0$106K

$60,250

$49,132

$67,664

$68,200

$48,614

Common Career Paths for Insurance Underwriter, Commercial Property


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Insurance Underwriter, Commercial Property Job Listings

Pay by Experience Level for Insurance Underwriter, Commercial Property

Pay by Experience for an Insurance Underwriter, Commercial Property has a positive trend. An entry-level Insurance Underwriter, Commercial Property with less than 5 years of experience can expect to earn an average total compensation of C$49,000 based on 48 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. An Insurance Underwriter, Commercial Property with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of C$55,000 based on 36 salaries. An experienced Insurance Underwriter, Commercial Property which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of C$56,000 based on 20 salaries. An Insurance Underwriter, Commercial Property with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of C$51,000 based on 7 salaries.

Insurance Underwriter, Commercial Property Reviews

Q: What is it like working as an Insurance Underwriter, Commercial Property?

Insurance Underwriter, Commercial Property in Halifax:
Pros: Pay cheque
Cons: Hours are not flexible

Related Job Salaries

Key Stats for Insurance Underwriter, Commercial Property

Gender

Female
62 %
Male
38 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 27 votes.
Less than 1 year
3%
1-4 years
34%
5-9 years
34%
10-19 years
18%
20 years or more
11%

Experience Affects Insurance Underwriter, Commercial Property Salaries

Experienced
▲3%

▲1%

National Average
C$54,000

Late-Career
▼6%

▼9%

Skills That Affect Insurance Underwriter, Commercial Property Salaries

Oral / Verbal Communication
▲7%

Risk Management / Risk Control
▲3%

National Average
C$54,000

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 27 votes.

Gender

Female
62 %
Male
38 %

Years of Experience

Less than 1 year
3%
1-4 years
34%
5-9 years
34%
10-19 years
18%
20 years or more
11%

Common Health Benefits

medical benefits
Medical: 95%
dental benefits
Dental: 93%
vision benefits
Vision: 83%
no benefits
None: 2%