Job prospects Insurance Broker in Québec

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

Job opportunities in Québec

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 Quebec 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.

Employment trends are dependent on various factors related to the finance and insurance industries.

In recent years, insurance companies have invested in diversifying their services to develop new niches such as sustainable returns, portfolio diversification, wealth management, legal identity protection and personalized coverage for businesses and individuals.

As investments in electronic platforms to facilitate access to products and stay ahead of the competition are well established, their negative impact on job growth should be limited.

While the employment outlook for this occupation is good at the provincial level, it will be moderate and limited in seven regions.

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

• Approximately 16,350 people work in this occupation.
• Insurance agents and brokers mainly work in the following sectors:
  • Finance, insurance, real estate and leasing (NAICS 52, 53): more than 95%
• The distribution of full-time and part-time workers in this occupation is:
  • Full-time workers: 90% compared to 82% for all occupations
  • Part-time workers: 10% compared to 18% for all occupations
• 73% of insurance agents and brokers work all year, while 27% work only part of the year, compared to 62% and 38% 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.
• 13% of insurance agents and brokers are self-employed compared to an average of 12% for all occupations.
• The gender distribution of people in this occupation is:
  • Men: 40% compared to 52% for all occupations
  • Women: 60% compared to 48% for all occupations
• The educational attainment of workers in this occupation is:
  • no high school diploma: less than 5% compared to 12% for all occupations
  • high school diploma or equivalent: 18% compared to 19% for all occupations
  • apprenticeship or trades certificate or diploma: 19% compared to 19% for all occupations
  • college certificate or diploma or university certificate below bachelor's: 38% compared to 22% for all occupations
  • bachelor's degree: 18% compared to 17% for all occupations
  • university certificate, degree or diploma above bachelor level: 5% compared to 11% for all occupations

Breakdown by region

Explore job prospects in Québec 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.

Learn more