Job prospects Life Insurance Agent in Alberta

Explore current and future job prospects for people working as a "life insurance agent" in Alberta or across Canada.

Job opportunities in Alberta

These outlooks were updated on December 11, 2024.

Prospects over the next 3 years

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

The following factors contributed to this outlook:

• Employment growth will lead to a few 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 Insurance agents and brokers in Alberta:

• Approximately 8,450 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: 91% compared to 80% for all occupations
  • Part-time workers: 9% compared to 20% for all occupations
• 77% of insurance agents and brokers work all year, while 23% work only part of the year, compared to 61% and 39% respectively among all occupations. Those who worked only part of the year did so for an average of 46 weeks compared to 42 weeks for all occupations.
• 22% of insurance agents and brokers are self-employed compared to an average of 15% for all occupations.
• The gender distribution of people in this occupation is:
  • Men: 36% compared to 53% for all occupations
  • Women: 64% compared to 47% for all occupations
• The educational attainment of workers in this occupation is:
  • no high school diploma: less than 5% compared to 10% for all occupations
  • high school diploma or equivalent: 31% compared to 28% for all occupations
  • apprenticeship or trades certificate or diploma: 9% compared to 13% for all occupations
  • college certificate or diploma or university certificate below bachelor's: 28% compared to 19% for all occupations
  • bachelor's degree: 23% compared to 21% for all occupations
  • university certificate, degree or diploma above bachelor level: less than 5% compared to 9% for all occupations

Breakdown by region

Explore job prospects in Alberta by economic region.

Source Labour Market Information | Prospects Methodology

Job prospects elsewhere in Canada

Explore current and future job prospects for people working as a "life insurance agent" Insurance agents and brokers (NOC 63100) or across Canada.

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