Job prospects Commercial Underwriter - Insurance in the Vancouver Island and Coast Region

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Explore current and future job prospects for people working as "Insurance underwriters" in the Vancouver Island and Coast Region or across Canada.

Current and future job prospects

These outlooks were updated on November 29, 2023.

Recent trends from the past 3 years

Major labour shortage

Over the past few years (2021-2023), there was a major labour shortage for Insurance underwriters in the Vancouver Island and Coast Region. There were far more job openings than workers available to fill them in this occupation.

Source Labour Market Information | Recent Trends Assessment Methodology

Job outlook over the next 3 years

Very good

The employment outlook will be very good for Insurance underwriters (NOC 12202) in the Vancouver Island and Coast region for the 2023-2025 period.

The following factors contributed to this outlook:

Employment growth will lead to several 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 underwriters in the Vancouver Island and Coast region:

Approximately 180 people worked in this occupation in May 2021.
Insurance underwriters mainly work in the following sectors:
- Finance, insurance and Real estate and rental and leasing (NAICS 52-53): more than 95%

Source Labour Market Information | Prospects Methodology