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 December 11, 2024.

Prospects over the next 3 years

The employment outlook will be good for Insurance agents and brokers (NOC 63100) in Quebec 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.

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 offer personalized coverage for businesses and individuals. In addition, investments in electronic platforms are facilitating access to their products. The growth of the population is also expected to result in increased demand for various insurance products in the coming years. 

The ongoing digital transformation and the tendency of financial planners to sell insurance plans could limit the scope of factors that are beneficial for this occupational group.

While the employment outlook will be good for this occupational group at the provincial level, it will be limited in Côte-Nord and Nord-du-Québec.

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

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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