Job prospects Insurance Actuary in Nova Scotia

Explore current and future job prospects for people working as an "insurance actuary" in Nova Scotia or across Canada.

Job opportunities in Nova Scotia

These outlooks were updated on December 11, 2024.

Prospects over the next 3 years

The employment outlook will be moderate for Mathematicians, statisticians and actuaries (NOC 21210) in Nova Scotia for the 2024-2026 period.

The following factors contributed to this outlook:

• Employment growth will lead to a moderate number of new positions.
• Not many positions will become available due to retirements.
• There are a moderate number of unemployed workers with recent experience in this occupation.

Here are some key facts about Mathematicians, statisticians and actuaries in Nova Scotia:

• Approximately 200 people worked in this occupation in May 2021.
• Mathematicians, statisticians and actuaries mainly work in the following sectors:
  • Hospitals (NAICS 622): 30%
  • Other professional, scientific and technical services (NAICS 5414, 5416-5419): 24%
  • Insurance Carriers and related activities (NAICS 524, 526): 17%
  • Federal government public administration (NAICS 911): 13%
  • Computer systems design services (NAICS 5415): 8%
• The distribution of full-time and part-time workers in this occupation is:
  • Full-time workers: 86% compared to 82% for all occupations
  • Part-time workers: 14% compared to 18% for all occupations
• 81% of mathematicians, statisticians and actuaries work all year, while 19% work only part of the year, compared to 62% and 38% 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.
• 10% of mathematicians, statisticians and actuaries are self-employed compared to an average of 11% for all occupations.
• The gender distribution of people in this occupation is:
  • Men: 51% compared to 51% for all occupations
  • Women: 49% 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: n/a
  • apprenticeship or trades certificate or diploma: n/a
  • college certificate or diploma or university certificate below bachelor's: n/a
  • bachelor's degree: 40% compared to 20% for all occupations
  • university certificate, degree or diploma above bachelor level: 60% compared to 10% for all occupations

Breakdown by region

Explore job prospects in Nova Scotia by economic region.

Source Labour Market Information | Prospects Methodology

Job prospects elsewhere in Canada

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