Job prospects Insurance Rater in British Columbia

Explore current and future job prospects for people working as an "insurance rater" in British Columbia or across Canada.

Job opportunities in British Columbia

These outlooks were updated on November 29, 2023.

Prospects over the next 3 years

The employment outlook will be very good for Banking, insurance and other financial clerks (NOC 14201) in British Columbia for the 2023-2025 period.

The following factors contributed to this outlook:

• 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.

Here are some key facts about Banking, insurance and other financial clerks in British Columbia:

• Approximately 3,250 people work in this occupation.
• Banking, insurance and other financial clerks mainly work in the following sectors:
  • Insurance Carriers and related activities (NAICS 524, 526): 43%
  • Monetary Authorities - central bank and securities, commodity contracts and other intermediation and related activities (NAICS 521, 522, 523): 34%
  • Real Estate and rental and leasing (NAICS 53): 11%
• The distribution of full-time and part-time workers in this occupation is:
  • Full-time workers: 85% compared to 78% for all occupations
  • Part-time workers: 15% compared to 22% for all occupations
• 72% of banking, insurance and other financial clerks work all year, while 28% work only part of the year, compared to 61% and 39% respectively among all occupations. Those who worked only part of the year did so for an average of 45 weeks compared to 42 weeks for all occupations.
• Less than 5% of banking, insurance and other financial clerks are self-employed compared to an average of 17% for all occupations.
• The gender distribution of people in this occupation is:
  • Men: 24% compared to 52% for all occupations
  • Women: 76% compared to 48% for all occupations
• The educational attainment of workers in this occupation is:
  • no high school diploma: less than 5% compared to 8% for all occupations
  • high school diploma or equivalent: 41% compared to 28% for all occupations
  • apprenticeship or trades certificate or diploma: 7% compared to 13% for all occupations
  • college certificate or diploma or university certificate below bachelor's: 21% compared to 17% for all occupations
  • bachelor's degree: 23% compared to 22% for all occupations
  • university certificate, degree or diploma above bachelor level: 7% compared to 12% for all occupations

Breakdown by region

Explore job prospects in British Columbia by economic region.

Source Labour Market Information | Prospects Methodology

Labour market conditions over the next 10 years

Explore current and future job prospects for people working as an "insurance rater" Banking, insurance and other financial clerks (NOC 14201) or across Canada.

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