Job prospects Insurance Broker in Alberta

Explore current and future job prospects for people working as an "insurance broker" in Alberta or across Canada.

Job opportunities in Alberta

These outlooks were updated on November 29, 2023.

Prospects over the next 3 years

The employment outlook will be good for Insurance agents and brokers (NOC 63100) in Alberta for the 2023-2025 period.

The following factors contributed to this outlook:

• Employment growth will lead to a few new positions.
• Several positions will become available due to retirements.
• There are a small number of unemployed workers with recent experience in this occupation.

Here are some key facts about Insurance agents and brokers in Alberta:

• Approximately 8,450 people work in this occupation.
• Insurance agents and brokers mainly work in the following sectors:
  • Insurance Carriers and related activities (NAICS 524, 526): more than 95%
• The distribution of full-time and part-time workers in this occupation is:
  • Full-time workers: 91% compared to 80% for all occupations
  • Part-time workers: 9% compared to 20% for all occupations
• 77% of insurance agents and brokers work all year, while 23% work only part of the year, compared to 61% and 39% respectively among all occupations. Those who worked only part of the year did so for an average of 46 weeks compared to 42 weeks for all occupations.
• 22% of insurance agents and brokers are self-employed compared to an average of 15% for all occupations.
• The gender distribution of people in this occupation is:
  • Men: 36% compared to 53% for all occupations
  • Women: 64% compared to 47% for all occupations
• The educational attainment of workers in this occupation is:
  • no high school diploma: less than 5% compared to 10% for all occupations
  • high school diploma or equivalent: 31% compared to 28% for all occupations
  • apprenticeship or trades certificate or diploma: 9% compared to 13% for all occupations
  • college certificate or diploma or university certificate below bachelor's: 28% compared to 19% for all occupations
  • bachelor's degree: 23% compared to 21% for all occupations
  • university certificate, degree or diploma above bachelor level: less than 5% compared to 9% for all occupations

Breakdown by region

Explore job prospects in Alberta by economic region.

Source Labour Market Information | Prospects Methodology

Labour market conditions over the next 10 years

Explore current and future job prospects for people working as an "insurance broker" Insurance agents and brokers (NOC 63100) or across Canada.

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