Underwriter, Personal Lines in Toronto, Ontario Salary (Canada)
The average pay for an Underwriter, Personal Lines in Toronto, Ontario is C$50,398 per year. People in this job generally don't have more than 20 years' experience. For the first five to ten years in this position, salary increases steeply, but any additional experience does not have a big effect on pay.
|Salary||C$40,638 - C$59,945|
|Bonus||C$0.00 - C$11,820|
|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$41,581 - C$64,233|
Job Description for Underwriter, Personal Lines
Underwriters for personal lines typically assess individual customers of insurance agencies to decide whether or not they are eligible to receive the agency's services. They make these determinations based on each individual's risks, including with a review of paperwork such as tax returns, financial statements, credit bureau information, and other relevant documentation. They also need to evaluate potential clients' needs associated with the requested insurance. Underwriters for personal lines must answer all customer questions and respond to their inquiries in a timely, helpful manner. They also need to effectively provide information about their company's products, ensure that clients' files remain accurate and up to date, and be able to explain to others within their organization why they made particular credit-related decisions.Read More...
Underwriters for personal lines generally need a bachelor's degree and/or experience in a related position. They must have excellent verbal and written communication skills, be able to meet deadlines, and have excellent analytical skills. Additionally, underwriters must be able to work effectively in a team setting, as well as on their own with minimal supervision. Underwriters typically work in an office setting during regular business hours, although alternative and/or additional hours may be needed depending on their organization's needs. (Copyright 2018 PayScale.com)
Underwriter, Personal Lines 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.
Underwriter, Personal Lines Job Listings
Key Stats for Underwriter, Personal Lines
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