Job Description
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
As an Underwriting Co-op within Financial Lines, you will support Account Executives and underwriting teams with new business and renewal activities that contribute to business growth and retention goals. You’ll gain exposure to specialized lines of business including Directors & Officers Liability, Employment Practices Liability, Errors & Omissions, Cyber, and related coverages.
What Can You Expect In This Role
- Assist Account Executives with new business and renewal activities by gathering and organizing account information for underwriting review and quoting
- Support the preparation of reports and documentation required to assess and process policies
- Help process transactions within internal systems, including new business submissions, renewals, policy changes, and cancellations, ensuring accuracy and attention to detail
- Maintain accurate underwriting documentation and update account information in internal systems in accordance with established standards
- Monitor team inboxes and workflow queues, assisting with task tracking and follow-ups
- Support timely servicing of accounts to meet internal and external service expectations
- Communicate with internal teams and assist with responding to basic broker or customer inquiries, escalating as needed
- Assist with quoting activities within established guidelines and supported supervision
- Provide administrative support, including data entry and file maintenance
- Participate in team projects and assignments as required
- Actively learn about underwriting processes and Financial Lines products through training and on-the-job experience
What You Bring
- Currently enrolled in a post-secondary program (Business, Finance, Commerce, or related field preferred)
- Strong analytical and problem-solving skills
- High attention to detail and strong organizational skills
- Effective communication skills and willingness to collaborate with a team
- Eagerness to learn and develop knowledge of the insurance industry
- Experience with Microsoft Office (Excel, Word, Outlook); familiarity with data systems is an asset (e.g., Guidewire PolicyCenter)
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 !
About Us
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).
About The Team
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.
