Insurance Adjusters and Claims Examiners – NOC 1312 ±

70

Number of People Who Work in this Industry

$63,090

Median Income of People Working in this Occupation

98%

Chance this Occupation Will Be Impacted by Technology in the Next Decade

100%

Participation Rate
Percentage of the number of people currently working in the occupation as compared to the total number of people within the occupation as of the week of
May 1 to May 7 2016

0%

Unemployment Rate
Percentage of people looking for work as compared to the total number of people in the occupation as of the week of May 1 to May 7, 2016, when the unemployment rate was 7.8% in SDG and 5.3% in PR.

Education

of People Working in this Occupation

50.0% of the workforce has a secondary school diploma

35.7% of the workforce has a college diploma or certificate

Age of the Workforce

in this Occupation

42.9% of the workforce is age 35 to 44

35.7% of the workforce is age 45 to 54

Sectors that Employ this Occupation

100% of insurance adjusters and claims examiners work in the Finance and Insurance sector

Employment Outlook

The employment outlook in our region for 2017-2019 is good.

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.

Above average growth in the population in some areas of the region is expected to result in an increase in the number of insurance products purchased and claims submitted, supporting demand for these adjusters and examiners.

The region also accounts for 11% of Ontario’s farms. Workers with experience assessing claims for agricultural insurance products such as farmlands, livestock, produce, poultry and machinery may have better job prospects.

Bilingualism may be an asset.

Projected growth rate in Ontario: 3.1% – 4%

More Information

What Else Do I Need to Know?

  • The Insurance Carriers and Related Activities sector are comprised largely of small businesses. Businesses with four employees or fewer make up 87.7% of the sector.
  • Employment Outlook for Insurance Adjusters and Claims Examiners in the Ottawa Economic Region is expected to be good.
  • This occupation is sensitive to changes in the insurance sector, the regulatory environment, and the level of insurance claims. In Ontario, the insurance industry has grown steadily over the past several years. Although technology has increased efficiency in the insurance industry, the duties of insurance adjusters and claims examiners cannot be easily automated. The rise in severe weather events over the last decade has increased the demand for insurance adjusters and claims examiners to assess losses and potential risks. Employment opportunities may be better for those willing to work flexible hours, including evenings and weekends, and to travel to sites in order to assess damage and meet clients.
  • Insurance adjustors employed by an insurer in Ontario do not require an individual license and typically undergo on-the-job training, although those wishing to pursue a career as an independent or public insurance adjuster require accreditation from the Financial Services Commission of Ontario (FSCO) and need to be sponsored by an employer.
  • For more information directly from local employers about this occupation, click on “Finance, Insurance, Real Estate”.