Job prospects Life Insurance Representative in Manitoba

Explore current and future job prospects for people working as a "life insurance representative" in Manitoba or across Canada.

Job opportunities in Manitoba

These outlooks were updated on November 29, 2023.

Prospects over the next 3 years

The employment outlook will be good for Insurance agents and brokers (NOC 63100) in Manitoba for the 2023-2025 period.

The following factors contributed to this outlook:

• Employment growth will lead to a moderate number of 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 Insurance agents and brokers in Manitoba:

• Approximately 3,100 people work in this occupation.
• Insurance agents and brokers mainly work in the following sectors:
  • Insurance Carriers and related activities (NAICS 524, 526): more than 95%
• The distribution of full-time and part-time workers in this occupation is:
  • Full-time workers: 91% compared to 81% for all occupations
  • Part-time workers: 9% compared to 19% for all occupations
• 79% of insurance agents and brokers work all year, while 21% work only part of the year, compared to 65% and 35% respectively among all occupations. Those who worked only part of the year did so for an average of 47 weeks compared to 43 weeks for all occupations.
• 15% of insurance agents and brokers are self-employed compared to an average of 12% for all occupations.
• The gender distribution of people in this occupation is:
  • Men: 37% compared to 53% for all occupations
  • Women: 63% compared to 47% 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: 32% compared to 31% for all occupations
  • apprenticeship or trades certificate or diploma: 10% compared to 12% for all occupations
  • college certificate or diploma or university certificate below bachelor's: 27% compared to 17% for all occupations
  • bachelor's degree: 22% compared to 20% for all occupations
  • university certificate, degree or diploma above bachelor level: less than 5% compared to 8% for all occupations

Breakdown by region

Explore job prospects in Manitoba 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 a "life insurance representative" Insurance agents and brokers (NOC 63100) or across Canada.

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