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Immigrate to Canada as an Insurance Underwriter

From any country, you can immigrate to Canada as an insurance underwriter.

If you wish to immigrate to Canada as an insurance underwriter, you have opted for a noble profession and one that is also very rewarding and gainful.

More so, as an insurance underwriter in Canada, you are entitled to all the benefits Canada has to offer such as a good job with comparable salaries among others.

Thus, by becoming an insurance underwriter, you avail yourself of the opportunity to become a permanent resident in the shortest possible time.

Additionally, you have the chance to enjoy the best of a developed first-class economy, including having access to excellent facilities, education, healthcare, welfare programs, work-life balance, etc.

In this article, we will show you all you need to do to immigrate to Canada as an insurance underwriter.

What do insurance underwriter do?

Insurance underwriters are the main connection between an insurance company and an insurance agent.

Using computer software programs, they evaluate insurance applications and determine whether an applicant should be approved for a policy, coverage amount, and premiums.

Furthermore, insurance underwriters analyze a candidate’s risk factors such as medical documents and financial situations.

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.

Duties and Responsibilities of an insurance underwriter

To immigrate to Canada as an insurance underwriter there are certain tasks expected of you to perform. Therefore, you must be willing to carry out some or all of the following obligations:

  • 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 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.

Examples of jobs under the NOC Code 1313 (Insurance underwriters)

Indeed, insurance underwriters can get employment opportunities under many job titles and positions. Therefore, as a qualified insurance underwriter, you can comfortably hold any of these positions:

  • Accident and sickness underwriter – insurance
  • Assistant underwriter – insurance
  • Automobile and home insurance consultant
  • Group underwriter – insurance
  • Automobile underwriter – insurance
  • Casualty insurance products analyst-designer
  • Boiler and machinery underwriter – insurance
  • Casualty underwriter – insurance
  • Commercial underwriter – insurance
  • Farm underwriter – insurance
  • Fire underwriter – insurance
  • Group underwriter
  • Home office underwriter – insurance
  • Insurance rating analyst
  • Head office underwriter – insurance
  • Insurance underwriter
  • Junior underwriter – insurance
  • Life underwriter
  • Marine and aircraft underwriter – insurance
  • Liability underwriter
  • Marine underwriter – insurance
  • Personal lines underwriter
  • Property underwriter
  • Package underwriter – insurance
  • Property underwriter – insurance
  • Public liability underwriter – insurance
  • Reinsurance underwriter – insurance
  • Senior underwriter – insurance
  • Surety underwriter – insurance
  • Underwriter – insurance

Inclusions

  • casualty insurance products analyst-designer
  • insurance rating analyst

Exclusions from insurance underwriter job titles

  • Agents and brokers (See 6231 Insurance agents and brokers)
  • Insurance managers (See 0121 Insurance, real estate and financial brokerage managers)

Minimum employment requirements to immigrate to Canada as an insurance underwriter

Generally, for you to immigrate to Canada as an insurance underwriter under NOC code 1313, you will have to meet the following conditions.

  • Completion of secondary school and some general insurance experience

or

  • A bachelor’s degree, college diploma or some post-secondary education
  • Several years of on-the-job training and completion of insurance industry underwriting courses and training programs are required.

Additional information

  • Progression to management positions in the insurance industry is possible with experience.
  • Completion of educational programs through the Insurance Institute of Canada or its provincial counterparts entitles insurance underwriters to professional recognition as a Chartered Insurance Professional (CIP) and, with additional university courses, as a Fellow, Chartered Insurance Professional (FCIP).

Requirements to immigrate to Canada as an insurance underwriter

Basically, there are some requirements you must fulfill to immigrate to Canada as an insurance underwriter. They are classified under the general and specific requirements.

General requirements to immigrate to Canada as an insurance underwriter

The general requirement to immigrate to Canada as an insurance underwriter must be fulfilled before you will be permitted to move into the country.

Moreover, they are not specific to this job title alone, but every other job that one must seek in Canada. They include:

Language proficiency

Generally speaking, language proficiency is one of the most important proofs to immigrate to Canada. Besides, you must be able to demonstrate your ability to speak either English or French language.

Thus, you must submit the test results in this case. For that reason, you should be able to take any of these tests:

  • International English Language Testing System (IELTS)
  • Test of English as a Foreign Language (TOEFL)
  • Canadian Academic English Assessment (CAEL)
  • Test d’Evaluation de Français Canada (TEF)
  • Test de Connaissance du Français Canada (TCF).

Educational Qualifications

To be precise, seeking an employment in Canada means that you have some level of education in that field. Additionally, the least educational qualification is usually secondary education.

Age

Definitely, age factor can never be overemphasized when it comes to immigrating to Canada. In essence, you must be up to 18 and not over 35 to qualify to immigrate to Canada.

Work Experience

Indeed, having work experience is an important determinant for you to immigrate to Canada. For that reason, you must have at least two years’ experience as an insurance underwriter in your home country.

Spouse Ability

The work experience, skills, language proficiency and age of your spouse can positively influence your CRS points and help you to easily immigrate to Canada.

Adaptability

Expectedly, you should be able to adapt to the new environment, weather and working condition of Canada.

On the contrary, if you cannot cope with them, you will not be eligible to live and work in Canada.

Specific Requirements to immigrate to Canada as an insurance underwriter

To enjoy the best of Canada and of course, your job, you must prove that you have all it takes to work as an insurance underwriter.

  • Completion of secondary school and some general insurance experience
    or
    a bachelor’s degree, college diploma or some post-secondary education is required.
  • Several years of on-the-job training and completion of insurance industry underwriting courses and training programs are required.
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Pathways to Immigrate to Canada as an insurance underwriter

However, to immigrate to Canada as an insurance underwriter, you must be able to choose any of the following pathway programs.

  1. Express Entry Program

Precisely, the Express Entry Program is a pathway that is common to almost everyone who immigrates to Canada. It also has some specific programs that are connected to your job title. They include:

  1. Canada Express Class
  2. Federal Skilled Worker Program
  3. Federal Skilled Trades Program

Additionally, the Express entry program is the fastest way to immigrate to Canada as an insurance underwriter because it does not take much time to process.

  1. Provincial Nomination Program

The provincial Nomination Program is an organized program established by the Canadian government for its provinces to select skilled workers who can fill up the vacancies in the various provinces.

Therefore, if you wish to work in a particular province, you can choose this pathway and apply for your permanent residency.

Having known that, you must also understand that each province has specific conditions for you to live and work there.

However, the generic condition is that you must live in any province you choose for at least two years before you can live elsewhere.

  1. In-demand Occupation

Of course, you can move to Canada as an insurance underwriter through the National Occupation Classification (NOC) code. However, not all jobs fall under in-demand jobs.

Luckily, if you find your occupation among the NOC list of in-demand occupations that means you are eligible to apply for the job.

Steps to immigrate to Canada as an insurance underwriter

Already, there are steps to follow and immigrate to Canada as an insurance underwriter.

The steps includes:

Step 1: Open an Express entry profile

First of all, to immigrate to Canada as an insurance underwriter, it is important you open an Express entry profile.

However, this profile will help you get all the necessary information for immigrating to Canada as an insurance underwriter.

Hence, the IRCC official website will assist you to open an Express entry profile.

Step 2: Choose a program

Secondly, you will have to choose a program a program to immigrate to Canada as an insurance underwriter.

More so, make sure that you choose the best program that matches your occupation as an insurance underwriter.

Step 3: Get a job offer from a Canadian employer

Thirdly, when planning to immigrate to Canada as an insurance underwriter, you need to get a job offer, which makes it easier through the help of your employer.

Furthermore, employers will seek permission from the Labour Market Impact Assessment (LMIA).

Above all, your employer will prove to them that no employer in Canada can perform that role.

Step 4: Get invitation to apply

Fourthly, once you succeed from the requirements, you will be notified to apply.

Consequently, while planning to immigrate to Canada as an insurance underwriter, you should try to apply within the 60 days interval.

Step 5: Submit your application with other supporting documents

Ordinarily, in order to immigrate to Canada as an insurance underwriter, you need to be fast and submit before two months from the date that you are notified to apply.

Having known this, you will attach other supporting documents such as identity card, work experience proof, language proficiency result among others.

However, an application letter may cost you CAD$150.

Step 6: Get your work permit

Finally, you can now apply and get your work permit from the Canadian embassy in your country.

Moreover, once you are done, you can also get your work permit at the Canada port of entry at when you get to Canada.

Frequently Asked Questions

What is the average salary of an insurance underwriter in Canada?

The average salary for an insurance underwriter is $56,800 per year in Canada.

What is the NOC code for insurance underwriter in Canada?

NOC code for an insurance underwriter in Canada is 1313.

Conclusion

Finally, once you have met all the necessary criteria provided for you in this article, you can plan to immigrate to Canada as an insurance underwriter.