Job prospects Insurance Broker in New Brunswick

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

Job opportunities in New Brunswick

These outlooks were updated on December 11, 2024.

Prospects over the next 3 years

The employment outlook will be good for Insurance agents and brokers (NOC 63100) in New Brunswick for the 2024-2026 period.

The following factors contributed to this outlook:

• Employment growth will lead to a moderate number of 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 New Brunswick:

• Approximately 1,950 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: 93% compared to 84% for all occupations
  • Part-time workers: 7% compared to 16% for all occupations
• 79% of insurance agents and brokers work all year, while 21% 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 47 weeks compared to 42 weeks for all occupations.
• 10% of insurance agents and brokers are self-employed compared to an average of 10% for all occupations.
• The gender distribution of people in this occupation is:
  • Men: 37% compared to 52% for all occupations
  • Women: 63% compared to 48% for all occupations
• The educational attainment of workers in this occupation is:
  • no high school diploma: less than 5% compared to 11% for all occupations
  • high school diploma or equivalent: 28% compared to 30% for all occupations
  • apprenticeship or trades certificate or diploma: 12% compared to 12% for all occupations
  • college certificate or diploma or university certificate below bachelor's: 34% compared to 23% for all occupations
  • bachelor's degree: 20% compared to 16% for all occupations
  • university certificate, degree or diploma above bachelor level: less than 5% compared to 7% for all occupations

Breakdown by region

Explore job prospects in New Brunswick 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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