Job prospects Life Insurance Representative in the Wood Buffalo–Cold Lake Region

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Explore current and future job prospects for people working as "Insurance agents and brokers" in the Wood Buffalo–Cold Lake Region or across Canada.

Current and future job prospects

These outlooks were updated on November 29, 2023.

Recent trends from the past 3 years

Major labour shortage

Over the past few years (2021-2023), there was a major labour shortage for Insurance agents and brokers in the Wood Buffalo–Cold Lake Region. There were far more job openings than workers available to fill them in this occupation.

Source Labour Market Information | Recent Trends Assessment Methodology

Job outlook over the next 3 years

Limited

The employment outlook will be limited for Insurance agents and brokers (NOC 63100) in the Wood Buffalo - Cold Lake region for the 2023-2025 period.

The following factors contributed to this outlook:

Employment growth will lead to a few new positions.
Not many 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 the Wood Buffalo - Cold Lake region:

Approximately 180 people worked in this occupation in May 2021.
Insurance agents and brokers mainly work in the following sectors:
- Finance, insurance and Real estate and rental and leasing (NAICS 52-53): more than 95%

Source Labour Market Information | Prospects Methodology