Job prospects Life Insurance Representative in Prince Edward Island

Explore current and future job prospects for people working as a "life insurance representative" in Prince Edward Island or across Canada.

Job opportunities in Prince Edward Island

These outlooks were updated on November 29, 2023.

Prospects over the next 3 years

Good

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

Here are some key facts about Insurance agents and brokers in Prince Edward Island:

  • Approximately 200 people work in this occupation.
  • Insurance agents and brokers mainly work in the following sectors:
    • Insurance Carriers and related activities (NAICS 524, 526): 94%
    • Fishing, hunting and trapping (NAICS 114): 6%
  • 70% of insurance agents and brokers work all year, while 30% work only part of the year, compared to 59% and 41% respectively among all occupations. Those who worked only part of the year did so for an average of 44 weeks compared to 41 weeks for all occupations.
  • 31% of insurance agents and brokers are self-employed compared to an average of 13% for all occupations.
  • The gender distribution of people in this occupation is:
    • Men: 50% compared to 51% for all occupations
    • Women: 50% compared to 49% for all occupations
  • The educational attainment of workers in this occupation is:
    • no high school diploma: n/a
    • high school diploma or equivalent: 28% compared to 28% for all occupations
    • apprenticeship or trades certificate or diploma: 8% compared to 11% for all occupations
    • college certificate or diploma or university certificate below bachelor's: 26% compared to 25% for all occupations
    • bachelor's degree: 28% compared to 17% for all occupations
    • university certificate, degree or diploma above bachelor level: n/a

Labour market conditions over the next 10 years

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

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Labour Market Information Survey
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