Job prospects Insurance Actuary in Québec

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

Job opportunities in Québec

These outlooks were updated on November 29, 2023.

Prospects over the next 3 years

The employment outlook will be good for Mathematicians, statisticians and actuaries (NOC 21210) in Quebec for the 2023-2025 period.

The following factors contributed to this outlook:

• Employment growth will lead to several new positions.
• Not many 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 Quebec:

• Approximately 5,800 people work in this occupation.
• Mathematicians, statisticians and actuaries mainly work in the following sectors:
  • Finance, insurance, real estate and leasing (NAICS 52, 53): 46%
  • Other professional, scientific and technical services (NAICS 5414, 5416-5419): 20%
  • Provincial and territorial public administration (NAICS 912): 10%
  • Federal government public administration (NAICS 911): 9%
• The distribution of full-time and part-time workers in this occupation is:
  • Full-time workers: 93% compared to 82% for all occupations
  • Part-time workers: 7% compared to 18% for all occupations
• 82% of mathematicians, statisticians and actuaries work all year, while 18% 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 48 weeks compared to 43 weeks for all occupations.
• Less than 5% of mathematicians, statisticians and actuaries are self-employed compared to an average of 12% for all occupations.
• The gender distribution of people in this occupation is:
  • Men: 56% compared to 52% for all occupations
  • Women: 43% compared to 48% for all occupations
• The educational attainment of workers in this occupation is:
  • no high school diploma: less than 5% compared to 12% for all occupations
  • high school diploma or equivalent: less than 5% compared to 19% for all occupations
  • apprenticeship or trades certificate or diploma: less than 5% compared to 19% for all occupations
  • college certificate or diploma or university certificate below bachelor's: 7% compared to 22% for all occupations
  • bachelor's degree: 64% compared to 17% for all occupations
  • university certificate, degree or diploma above bachelor level: 28% compared to 11% for all occupations

Breakdown by region

Explore job prospects in Québec 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 Québec or across Canada.

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