Job prospects Insurance Broker in Ontario

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

Job opportunities in Ontario

These outlooks were updated on November 29, 2023.

Prospects over the next 3 years

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

The following factors contributed to this outlook:

• Employment growth will lead to several 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 Ontario:

• Approximately 37,050 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 81% for all occupations
  • Part-time workers: 9% compared to 19% for all occupations
• 79% of insurance agents and brokers work all year, while 21% work only part of the year, compared to 63% and 37% respectively among all occupations. Those who worked only part of the year did so for an average of 46 weeks compared to 43 weeks for all occupations.
• 23% 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: 44% compared to 52% for all occupations
  • Women: 56% compared to 48% for all occupations
• The educational attainment of workers in this occupation is:
  • no high school diploma: less than 5% compared to 9% for all occupations
  • high school diploma or equivalent: 21% compared to 25% for all occupations
  • apprenticeship or trades certificate or diploma: 6% compared to 8% for all occupations
  • college certificate or diploma or university certificate below bachelor's: 28% compared to 22% for all occupations
  • bachelor's degree: 34% compared to 24% for all occupations
  • university certificate, degree or diploma above bachelor level: 9% compared to 13% for all occupations

Breakdown by region

Explore job prospects in Ontario by economic region.

Source Labour Market Information | Prospects Methodology

Job prospects elsewhere in Canada

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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