Job prospects Life Insurance Representative in the Bas-Saint-Laurent Region

We were not able to determine labour market conditions for Insurance agents and brokers in the Bas-Saint-Laurent Region over the past few years (2021-2023) because of low employment levels in this occupation.

Source Labour Market Information | Recent Trends Assessment Methodology

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

The following factors contributed to this outlook:

• Employment is expected to remain relatively stable.
• 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 the Bas-Saint-Laurent region:

• Approximately 220 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): 90%

Source Labour Market Information | Prospects Methodology