Job prospects Insurance Actuary in British Columbia

Explore current and future job prospects for people working as an "insurance actuary" 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 moderate for Mathematicians, statisticians and actuaries (NOC 21210) in British Columbia for the 2023-2025 period.

The following factors contributed to this outlook:

• Employment growth will lead to a few 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 Mathematicians, statisticians and actuaries in British Columbia:

• Approximately 800 people worked in this occupation in May 2021.
• Mathematicians, statisticians and actuaries mainly work in the following sectors:
  • Other professional, scientific and technical services (NAICS 5414, 5416-5419): 28%
  • Insurance Carriers and related activities (NAICS 524, 526): 16%
  • Universities (NAICS 6113): 13%
  • Hospitals (NAICS 622): 10%
  • Ambulatory health care services (NAICS 621): 8%
• The distribution of full-time and part-time workers in this occupation is:
  • Full-time workers: 94% compared to 78% for all occupations
  • Part-time workers: 6% compared to 22% for all occupations
• 81% of mathematicians, statisticians and actuaries work all year, while 19% 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 47 weeks compared to 42 weeks for all occupations.
• 6% of mathematicians, statisticians and actuaries are self-employed compared to an average of 17% for all occupations.
• The gender distribution of people in this occupation is:
  • Men: 53% compared to 52% for all occupations
  • Women: 48% compared to 48% for all occupations
• The educational attainment of workers in this occupation is:
  • no high school diploma: n/a
  • high school diploma or equivalent: less than 5% compared to 28% for all occupations
  • apprenticeship or trades certificate or diploma: n/a
  • college certificate or diploma or university certificate below bachelor's: n/a
  • bachelor's degree: 35% compared to 22% for all occupations
  • university certificate, degree or diploma above bachelor level: 62% 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 actuary" in British Columbia or across Canada.

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