Job prospects Insurance Claims Service Manager in the Saint John–St. Stephen Region

Over the past few years (2021-2023), the labour market was balanced for Insurance, real estate and financial brokerage managers in the Saint John–St. Stephen Region. The number of job openings was about the same as the number of workers available in this occupation.

Source Labour Market Information | Recent Trends Methodology

The employment outlook will be moderate for Insurance, real estate and financial brokerage managers (NOC 10020) in the Saint John - St. Stephen region for the 2024-2026 period.

The following factors contributed to this outlook:

• Employment is expected to remain relatively stable.
• Several positions will become available due to retirements.
• There are a small number of unemployed workers with recent experience in this occupation.

• Insurance managers are employed by insurance carriers, agencies, and brokerages. Real estate managers are generally employed by real estate brokerages, and property management companies. Financial brokerage managers are typically employed by large brokerage firms. 
• Several years of experience working in either industry will enhance employment prospects.
• Insurance industry candidates may require a Certified Risk Manager (CRM) or Chartered Insurance Professional (CIP) professional designation.
• New Brunswick's Real Estate Agents Act requires that each manager in this field possess a Real Estate Manager's Licence.
• A Chartered Financial Analyst (CFA) or other recognized financial designation are generally required for financial brokerage managers.
• Expertise in local insurance, real estate, or financial trends is typically required.
• Knowledge of both French and English will be required in certain areas of the province.

Here are some key facts about Insurance, real estate and financial brokerage managers in the Saint John - St. Stephen region:

• Approximately 130 people worked in this occupation in May 2021.
• Insurance, real estate and financial brokerage managers 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