Insurance agents and brokers – NOC 6231
Number of People Who Work in this Industry
Median Income of People Working in this Occupation
of People Working in this Occupation
28.6% of the workforce has a secondary school diploma.
28.6% of the workforce has a university diploma or degree.
Age of the Workforce
in this Occupation
22.5% of the workforce is age 25 to 34.
30.0% of the workforce is age 55 to 64.
100% of insurance agents and brokers work in the Finance and Insurance sector.
The employment outlook in our region for 2017-2019 is good. 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. Bilingualism may be an asset.
Projected growth rate in Ontario: 2.1%-3%
What Else Do I Need to Know?
- The Insurance Carriers and Related Activities sector is comprised largely of small businesses. Businesses with four employees or fewer make up 87.7% of the sector.
- Employment Outlook for Insurance Agents and Brokers in the Ottawa Economic Region is expected to be fair.** The aging population locally will continue to drive the demand for all types of insurance services. One area of growth for insurance agents and brokers will be providing financial planning services related to retirement and estate planning. However, if new entrants in this profession have difficulty establishing a client base, they subsequently may move into other types of work. Some job openings will become available from the need to replace workers who retire or leave the workforce.
- Insurance agents and brokers who are up to date with the changing regulatory environment and are proficient in financial information technology will have better job prospects.
- For more information directly from local employers about this occupation, click on “Finance, Insurance, Real Estate”.