INSURANCE / SALARY
CANADA

SALARY SURVEYS

11

UPDATED
April 2024
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AVERAGE SALARY / YEAR

MOST TYPICAL SALARY / YEAR

Gross income

Net (after tax)

1.32 CAD = 1 USD

113,244 CAD

$85,468 USD

Toronto

89,524 CAD

62,274 CAD

$47,000 USD

Including "Toronto"

Excluding "Toronto"

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Average Salary / Insurance / Canada

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Average salary for Insurance / Canada is 113,244 CAD per year. The most typical earning is 62,274 CAD. All data are based on 11 salary surveys. Salaries are different between men and women. Men receive an average salary of 122,959 CAD. Women receive a salary of 69,694 CAD.

Based on education, the highest salaries receive people with Some College with salary of 171,056 CAD. The second most paid education level is Masters Degree with salary of 108,517 CAD.

Different experiences affect earning as well. People with 20+ Years of experience receive salary of 200,736 CAD. Employees with 12-16 Years of experience receive 151,844 CAD.

Levels / Insurance / Canada (Gross CAD)

Salary Levels (CAD) per Year	Surveys	[%]
13,200 CAD - 19,899 CAD	0	n/a
19,900 CAD - 26,499 CAD	0	n/a
26,500 CAD - 33,099 CAD	0	n/a
33,100 CAD - 39,699 CAD	0	n/a
39,700 CAD - 46,399 CAD	1	100% 9.09%
46,400 CAD - 52,999 CAD	1	90.91% 9.09%
53,000 CAD - 59,599 CAD	0	n/a
THE MOST TYPICAL SALARY
59,600 CAD - 66,199 CAD	2	81.82% 18.18%
66,200 CAD - 72,899 CAD	1	63.64% 9.09%
72,900 CAD - 79,499 CAD	1	54.55% 9.09%
79,500 CAD - 86,099 CAD	1	45.45% 9.09%
86,100 CAD - 92,699 CAD	0	n/a
92,700 CAD - 99,399 CAD	1	36.36% 9.09%
99,400 CAD - 105,999 CAD	0	n/a
106,000 CAD - 112,599 CAD	0	n/a
112,600 CAD - 119,199 CAD	0	n/a
119,200 CAD - 125,899 CAD	0	n/a
125,900 CAD - 132,499 CAD	0	n/a
132,500 CAD - 139,099 CAD	0	n/a
139,100 CAD - 145,699 CAD	0	n/a
145,700 CAD - 152,399 CAD	1	27.27% 9.09%
152,400 CAD - 158,999 CAD	0	n/a
159,000 CAD - 165,599 CAD	0	n/a
165,600 CAD - 172,199 CAD	0	n/a
172,200 CAD - 178,899 CAD	0	n/a
178,900 CAD - 185,499 CAD	0	n/a
185,500 CAD - 192,099 CAD	0	n/a
192,100 CAD - 198,699 CAD	0	n/a
HIGH SALARIES
198,700 CAD - 211,999 CAD	0	n/a
212,000 CAD - 225,199 CAD	0	n/a
225,200 CAD - 238,499 CAD	0	n/a
238,500 CAD - 251,699 CAD	0	n/a
251,700 CAD - 264,999 CAD	1	18.18% 9.09%
265,000 CAD - 278,199 CAD	0	n/a
278,200 CAD - 291,499 CAD	0	n/a
291,500 CAD - 304,699 CAD	1	9.09% 9.09%
304,700 CAD - 317,999 CAD	0	n/a
318,000 CAD - 331,199 CAD	0	n/a
331,200 CAD - 463,699 CAD	0	n/a

Gender / Insurance / Canada (Gross CAD)

#		Surveys		AVERAGE SALARY / YEAR
1	Men	9	122,959 CAD
2	Women	2	69,694 CAD

Education / Insurance / Canada (Gross CAD)

#		Surveys
1	Some College	2	171,056 CAD
2	Masters Degree	2	108,517 CAD
3	Bachelors Degree	6	103,879 CAD
4	High School	1	63,599 CAD

Experience / Insurance / Canada (Gross CAD)

#		Surveys
1	20+ Years	3	200,736 CAD
2	12-16 Years	1	151,844 CAD
3	0-1 Year	1	81,089 CAD
4	4-8 Years	2	69,297 CAD
5	2-4 Years	4	67,972 CAD

Age / Insurance / Canada (Gross CAD)

#		Surveys
1	56-60	2	275,996 CAD
2	41-45	1	151,844 CAD
3	21-25	1	81,089 CAD
4	26-30	5	69,032 CAD
5	31-35	1	65,189 CAD
6	46-50	1	50,084 CAD

Work Type / Insurance / Canada (Gross CAD)

#		Surveys
1	Self Employed	1	252,809 CAD
2	Permanent	9	105,602 CAD
3	Contract	1	42,929 CAD

Cities / Insurance / Canada (Gross CAD)

#		Surveys
1	Calgary	1	299,183 CAD
2	Hamilton, Canada	2	151,446 CAD
3	Toronto	6	89,569 CAD
4	Montreal	1	63,599 CAD
5	Winnipeg	1	42,929 CAD

People's individual salary examples (surveys)

Life Service Representative

Posted 15 September 2020
Key knowledge and tasks

"•Acts as the main point of contact for the Life Services operations
•Participate in Contact Centre group for incoming client and agent calls and emails
•Monitor and respond to customer service inquiries within company service levels 
•Prepare correspondence and documents for a variety of audiences, including clients, agents, and external parties
•Coordinate and process ongoing policy changes for in-force policyholders
•Maintain records of all customer interactions, recording details of inquiries, complaints and the action that was taken
•Assist with sorting and filing various department documents and files
•Investigate and report systems-related service issues
•Perform other duties as assigned."

City	Education	Experience	Knowledge	Gross salary / year
Winnipeg	Some College	4-8 Years	n/a	42,900 CAD

Adjuster

Posted 26 February 2019
Key knowledge and tasks

"Settle claims customer service."

City	Education	Experience	Knowledge	Gross salary / year
Hamilton, Canada	Bachelors Degree	20+ Years	n/a	50,100 CAD

Floor Manager

Posted 17 January 2018
Key knowledge and tasks

"Manage the staff, review reports."

City	Education	Experience	Knowledge	Gross salary / year
Montreal	High School	2-4 Years	n/a	63,600 CAD

INSURANCE / SALARY CANADA

11