Definity is the parent company to some of Canada’s most long-standing and innovative insurance brands, including Economical Insurance, Sonnet Insurance, Family Insurance Solutions, and Petline Insurance. Our ambition is to be one of Canada’s leading and most innovative property and casualty insurers. We can’t do that without our people, so we embrace and encourage a culture that’s collaborative, ambitious, rewarding, and empowering.

We offer a flexible, hybrid work experience where employees work from the office and virtually depending on the type of work they are doing and who they are working with. Bring your true self and be a part of our journey. It’s better here.

YOUR NEXT CO-OP PLACEMENT

Work term: Fall 2026

Work term length: 4 months

From classroom to co-op to career, every step of your journey has an impact on your future. That’s why it makes sense to choose a co-op placement with a company that offers truly rewarding work and real-life experience. At Definity®, your contributions, creativity, and energy will be put to good use, and you’ll get to be involved with initiatives that support our strategic goals and use your skills in a supportive team environment.

If you’re looking for a company that takes care of its people — full time, part time, and co-ops alike — and has a track record of doing big things, get ready to love it here.

What you’ll be doing

We are looking for an Analyst to join our Product and Underwriting team. The successful candidate will report the Manager, Product and Underwriting and will support all phases of new and existing product research and design in support of the Chief Underwriting Office.

What can you expect in this role

• Maintain systems' rate file and Product manuals.
• Validate that changes are implemented correctly and in a timely manner;
• Conduct demographic and other consumer research to understand the needs of consumers for product development initiatives at the direction of the Manager;
• Perform complex analyses using MS Excel, and Third-Party Software;
• Develop and maintain competitor databases for product features and underwriting criteria analyses;
• Develop and maintain forms and policy wordings for associated products;
• Assist in monitoring the performance of the portfolio against the operational plan and reporting findings and recommendations to the Manager;
• Support and direct the Product and Underwriting Initiatives:
• Research, analyze, and present findings/recommendations at the sub-committee level;
• Prepare Stakeholder Communications.
• Review regulatory reforms and provide direction to the sub-committee, branches and management;
• Provide subject matter expertise to aid in requirement building;
• Seminar attendance at the Leader’s request.

What you bring

• University Degree or College Diploma
• Experience in an Underwriting decision-making role in Personal Insurance is an asset
• Completion or working towards CIP or CRM designations
• Exceptional analytical, problem-solving and time-management skills
• Must possess strong working knowledge of Personal Lines auto and/or property products, Guidewire Policy Centre knowledge is considered an asset
• Skilled communicator, verbally and written
• Exceptional ability to manage stakeholder needs, utilizing conflict resolution and negotiating skills when necessary
• Ability to remain organized while under pressure and juggling multiple projects
• Must possess strong knowledge of Microsoft applications (Excel, Powerpoint, etc.)
• Preference given to those with experience handling regulatory filings and product updates
• Preference will be given to Bilingual candidates (French & English)

Did you know?

• We care about our co-ops: Definity’s co-op students are considered the best pipeline of talent for our full-time, permanent positions.
• We care about students: Definity distributes $85,000 in scholarships to students across Canada each year.
• We care about our community: Definity donates more than $1 million every year to causes that drive true change in the neighborhoods in which we live and work.

What can Definity offer you?

• Meaningful work forwarding our purpose of building a better world by helping our clients and communities adapt and thrive in their hardest times of need.

• Culture of accountability, empowerment, and collaboration.

• Opportunities to support personal and professional growth through real-life experience and unique learning opportunities. Our Leadership Essentials program builds knowledge and skills to Team Leaders to Directors

• Opportunity to join our employee groups - focused on women's empowerment, LGBTQ+, anti-racism and cultural equity, and environmental activism.

• Determined to create positive change for our environment, our people, and our communities, now and in the future. Check our ESG work !

This position is being posted to fill an existing vacancy.

The hourly compensation for the role starts at $22.50 per hour and will increase based on factors including but not limited to, skills, education, experience, and the recommended rates as set by the respective educational institution.

We also take potential into consideration. If you don’t have this exact experience, but you know you have what it takes, be sure to give us more insight through your application and cover letter.

Our inclusive work environment welcomes diversity and supports accessibility. If you require accommodation at any time during the recruitment process, please let us know by contacting accessibility@economical.com.

Background checks

This role requires successful clearance of a background check (including criminal checks and leadership references).

#LI-Hybrid