PRESENTATION OUTLINE
Introduction to the job of an insurance broker in Canada
Brokers actually sell life, car, real estate, medical and other types of insurance to individuals, businesses and government agencies. Insurance agents are hired by specific insurance companies or are independent agents of specific insurance companies. Insurance brokers work for brokerage firms, or may work in partnerships.
Job Code: NOC 6231
Career perspective
Career opportunities for an insurance broker in Canada over the next three years
Fairly good job market in
Nova Scotia, Newfoundland and Labrador, Ontario, Alberta and Manitoba
Good job market in
British Columbia, New Brunswick, Prince Edward Island, Quebec and Saskatchewan
The situation of the insurance broker labor market in Canada in the next ten years
According to figures from the Job Bank of Canada, the insurance broker market in Canada will have relatively equal supply and demand over the next ten years. According to the same statistics, in the ten years between 2017 and 2028, about 27,600 new jobs will be created in this industry and about 27,700 job seekers in this field will look for jobs.
Wages per hour
Average: $ 23.56
Maximum wage: $ 34.62
Minimum Wage: $ 14
Job specialization required
Identify and evaluate potential institutional and commercial markets of the customer
Provide information on group and individual insurance packages, scope of risk coverage, insurance benefits and other insurance features
Selling all kinds of car insurance, fire, medical, life, real estate, sea and aircraft
Monitor insurance claims and answer customer questions
Ensure that medical and other examination forms are complete.
Determining customer insurance coverage, calculating premiums and creating payment methods
Educational Prerequisites
Completion of high school is usually required.
Job training courses, insurance industry and job training programs are required.
A permit from the insurance board in the province is required for work.
Permits to work as an insurance broker in Canada
Province of Alberta: Obtaining a license from the Alberta Insurance Council
Province of British Columbia: Obtaining a license from the Insurance Council of British Columbia
Manitoba: Licensed by the Insurance Council of Manitoba
Nova Scotia: Licensed by the Office of the Superintendent of Insurance, Nova Scotia Department of Finance and Treasury Board
Province of Ontario: Obtaining a license from the Registered Insurance Brokers of Ontario
Saskatchewan: Licensed by the Insurance Councils of Saskatchewan
Job skills
Provide service to others
Data analysis
Marketing
Professional expression technique
Mathematical knowledge and statistics
Job titles
Insurance agents
insurance agent
Insurance sales representative
Insurance Sales Manager
