Job prospects Insurance Rater in Prince Edward Island

Explore current and future job prospects for people working as an "insurance rater" in Prince Edward Island or across Canada.

Job opportunities in Prince Edward Island

These outlooks were updated on December 11, 2024.

Prospects over the next 3 years

The employment outlook will be moderate for Banking, insurance and other financial clerks (NOC 14201) in Prince Edward Island for the 2024-2026 period.

The following factors contributed to this outlook:

• Employment growth will lead to a moderate number of new positions.
• A moderate number of 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 Banking, insurance and other financial clerks in Prince Edward Island:

• Approximately 50 people worked in this occupation in May 2021.
• Banking, insurance and other financial clerks mainly work in the following sectors:
  • Real Estate and rental and leasing (NAICS 53): 33%
  • Insurance Carriers and related activities (NAICS 524, 526): 27%
  • Federal government public administration (NAICS 911): 18%
  • Other professional, scientific and technical services (NAICS 5414, 5416-5419): 14%
  • Monetary Authorities - central bank and securities, commodity contracts and other intermediation and related activities (NAICS 521, 522, 523): 8%
• 77% of banking, insurance and other financial clerks work all year, while 23% work only part of the year, compared to 59% and 41% respectively among all occupations. Those who worked only part of the year did so for an average of 44 weeks compared to 41 weeks for all occupations.
• The gender distribution of people in this occupation is:
  • Men: less than 5% compared to 51% for all occupations
  • Women: more than 95% compared to 49% for all occupations
• The educational attainment of workers in this occupation is:
  • no high school diploma: n/a
  • high school diploma or equivalent: 15% compared to 28% for all occupations
  • apprenticeship or trades certificate or diploma: 15% compared to 11% for all occupations
  • college certificate or diploma or university certificate below bachelor's: 38% compared to 25% for all occupations
  • bachelor's degree: 31% compared to 17% for all occupations
  • university certificate, degree or diploma above bachelor level: n/a

Job prospects elsewhere in Canada

Explore current and future job prospects for people working as an "insurance rater" Banking, insurance and other financial clerks (NOC 14201) or across Canada.

Learn more