Job prospects Insurance Broker in Saskatchewan

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

Job opportunities in Saskatchewan

These outlooks were updated on November 29, 2023.

Prospects over the next 3 years

The employment outlook will be good for Insurance agents and brokers (NOC 63100) in Saskatchewan for the 2023-2025 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.

• An aging workforce will likely support employment opportunities for this occupation.
• Crop insurance premiums in Saskatchewan are expected to increase due to higher commodity prices, increased yield coverage, and a surge of claims.
• Employment opportunities are influenced by ongoing digital transformation initiatives, including the availability of online services and automation of back-office processes.

Here are some key facts about Insurance agents and brokers in Saskatchewan:

• Approximately 2,450 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 81% for all occupations
  • Part-time workers: 7% compared to 19% for all occupations
• 86% of insurance agents and brokers work all year, while 14% work only part of the year, compared to 65% and 35% respectively among all occupations. Those who worked only part of the year did so for an average of 49 weeks compared to 43 weeks for all occupations.
• 21% of insurance agents and brokers are self-employed compared to an average of 16% for all occupations.
• The gender distribution of people in this occupation is:
  • Men: 35% compared to 53% for all occupations
  • Women: 65% compared to 47% 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: 32% compared to 33% for all occupations
  • apprenticeship or trades certificate or diploma: 15% compared to 15% for all occupations
  • college certificate or diploma or university certificate below bachelor's: 26% compared to 17% for all occupations
  • bachelor's degree: 20% compared to 18% 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 Saskatchewan by economic region.

Source Labour Market Information | Prospects Methodology

Labour market conditions over the next 10 years

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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