Job prospects Insurance Broker in the Laurentides Region

Over the past few years (2022-2024), there was a major labour shortage for Insurance agents and brokers in the Laurentides Region. There were far more job openings than workers available to fill them in this occupation.

Source Labour Market Information | Recent Trends Methodology

The employment outlook will be Limited for insurance agents and brokers (NOC 63100) in the Laurentides region for the 2025-2027 period.

The following factors contributed to this outlook:

• Employment decline will lead to the loss of some 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.

Employment in this occupation depends primarily on factors related to the finance and insurance sector.

In recent years, insurance companies have been investing in diversifying their services to offer personalized coverage for businesses and individuals. Additionally, investments in electronic platforms are making it easier to access their products. The growth of the population is also expected to result in increased demand for various insurance products in the coming years.

The ongoing digital transformation, as well as the trend of financial planners selling insurance plans, could limit the impact of factors that are favorable to this occupational group.

Here are some key facts about insurance agents and brokers in the Laurentides region:

• Approximately 1,070 people worked in this occupation in May 2021.
• Insurance agents and brokers mainly work in the following sectors:
  • Finance, insurance and Real estate and rental and leasing (NAICS 52-53): 94%

Source Labour Market Information | Prospects Methodology