12202
Insurance underwriters
- Express Entry skill level
- Yes
- Regulated in Québec
- No
- In demand in Manitoba
- No
Classification
Business, finance & administration
1 › 12 › 122 › 1220
Definition
Insurance underwriters review and evaluate insurance applications to determine insurance risks, insurance premiums and extent of insurance coverage according to company policies. They are employed at head and branch offices of insurance companies.
Main duties
- This group performs some or all of the following duties:
- Review individual and group applications for automobile, fire, health, liability, life, property, marine, aircraft and other insurance
- Evaluate new and renewal applications to determine insurance risks, insurance premiums, extent of insurance coverage and other conditions of the insurance contract using medical reports, rate tables and other documents and reference materials; adjust premiums, coverage or risk itself to make acceptance of new and renewal applications possible
- Approve sale of insurance policies and ensure compliance with government regulations
- Provide recommendations on individual or group insurance plan designs
- Provide underwriting advice and answer inquiries from clients and from insurance agents, consultants and other company personnel
- Prepare underwriting reports and update insurance forms when necessary.
Example job titles
- •group underwriter
- •insurance underwriter
- •liability underwriter
- •property underwriter
Overview
Under the National Occupational Classification (NOC) 2021, Insurance Underwriters are classified under NOC code 12202, a TEER 2 occupation. This classification makes candidates in this field eligible for major Canadian economic immigration programs, including the Federal Skilled Worker Program (FSWP) and the Canadian Experience Class (CEC) through the Express Entry system. Insurance underwriters evaluate applications for various types of insurance, risk exposure, and premium rates, ensuring compliance with established corporate guidelines.
To successfully qualify under NOC 12202, candidates typically require a university degree or college diploma in business administration, finance, or a related field, or a period of experience in an insurance clerk or agent role. Employers and provincial regulatory bodies may also require professional designations such as the Chartered Insurance Professional (CIP) or Fellow Chartered Insurance Professional (FCIP). Key responsibilities include analyzing medical reports, actuarial studies, and previous loss histories to accept, decline, or modify policy coverage limits.
Disclaimer: This information is for educational and informational purposes only and does not constitute legal or professional Canadian immigration advice. For official and personalized legal counsel, please consult with a Regulated Canadian Immigration Consultant (RCIC) or a qualified immigration lawyer.
Educational overview summarizing this occupation. Always confirm against the official NOC profile and IRCC before relying on it.
Occupation data: Statistics Canada / ESDC — National Occupational Classification (NOC) 2021.