Job prospects Insurance Agent near Charlottetown (PE)

Over the past few years (2021-2023), the labour market was balanced for Insurance agents and brokers near Charlottetown (PE). The number of job openings was about the same as the number of workers available in this occupation.

Source Labour Market Information | Recent Trends Assessment Methodology

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

Source Labour Market Information | Prospects Methodology