Job prospects Insurance Agent in Canada
National Occupational Classification update
We have updated this page to reflect the transition to the 2021 version of the National Occupational Classification (NOC). This means that the occupation "insurance agent" was moved from the group Insurance agents and brokers (NOC 6231) to the group Insurance agents and brokers (NOC 63100).
Explore current and future job prospects for people working as an "insurance agent" in Canada.
Job opportunities over the next 3 years
Note that these outlooks are based on the 2016 version of the NOC. Learn more about our methodology.
Breakdown by province and territory
Explore future job prospects by province and territory.
|Newfoundland and Labrador|
|Prince Edward Island|
Labour market conditions over the next 10 years
Take a closer look at the projected labour demand and supply for this occupation over the 2022-2031 period. For more information on future job trends, go to the Canadian Occupational Projections System.
BALANCE: Labour demand and labour supply are expected to be broadly in line for this occupation group over the 2022-2031 period at the national level. The section below contains more detailed information regarding the outlook for this occupational group.
Employment in 2021
Median age of workers in 2021
Median retirement age in 2021
In order to determine the expected outlook of an occupation, the magnitude of the difference between the projected total numbers of new job seekers and job openings over the whole projection period (2022-2031) is analyzed in conjunction with an assessment of labour market conditions in recent years. The intention is to determine if recent labour market conditions (surplus, balance or shortage) are expected to persist or change over the period 2022-2031. For instance, if the analysis of key labour market indicators suggests that the number of job seekers was insufficient to fill the job openings (a shortage of workers) in an occupational group in recent years, the projections are used to assess if this situation will continue over the projection period or if the occupation will move towards balanced conditions.
The analysis of key labour market indicators such as job vacancies and employment growth, as well as the unemployment rate suggests that the demand exceeded substantially the supply in this occupational group over the 2019-2021 period. For this occupational group, this shortage was largely due rapid rising of labour demand as a result of the re-opening of hard-to-distance businesses.
For Insurance agents and brokers, over the period 2022-2031, new job openings (arising from expansion demand and replacement demand) are expected to total 40,500 , while 50,600 new job seekers (arising from school leavers, immigration and mobility) are expected to be available to fill them.
The projected number of job seekers is expected to substantially surpass the projected number of job openings, significantly enough to eliminate the shortage situation seen over the 2019-2021 period, returning this occupation to balance conditions over the 2022-2031 period. A more detailed analysis of the outlook for this occupational group will be released in the coming weeks.
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