As highlighted by a report by The Conference Board of Canada, the Canadian financial market is ripe with rich and diverse opportunities for Insurance related jobs right from March 2020. Toronto emerged as the second-largest financial hub in Canada and seventh-largest globally in terms of active employment.
The majority of the immigrants who move to Canada have their financial background and seek similar job roles. The insurance industry is one of the strongest. It is the most resilient, even during economic ups and downs, making it a career that bestows you with stability, diversity, and countless opportunities for learning, progress, and development.
Insurance-related job occupations are covered under the national system of Canada for describing occupations. It is termed a four-digit number, which plays a significant role in your immigration application for Canada. Groups of NOCs are mainly based upon the person’s job duties and the type of work he is doing. Listed are the NOCs that broadly cover the field of Insurance.
- 0121- Insurance, Real estate, and financial brokerage managers
- 1212- Supervisors, finance and insurance office workers
- 1228- Employment insurance, immigration, border services, and revenue
- 1312- Insurance adjusters and claims examiners
- 1313- Insurance underwriters
- 1434- Banking, Insurance, and other financial clerks
- 6231- Insurance agents and brokers
The Insurance industry in Canada is not highlighted with the few firms, with entry much more accessible. In 1985, the net premium percentage written by the most significant four firms reporting property and casualty policies was 18.1 percent. These insurance firms provide forms of financial intermediation and indeed get involved in a diverse of intermediary roles.
Insurers in Canada in the upcoming times to invest for the long term in new technologies and talent. Much of the employment outlook for insurance agents and brokers look positive near Toronto (ON) from 2019 to 2020. Some of the factors that have led to the demand for Insurance are employment growth, which will increase the number of job positions. Much of the job vacancies in the insurance sector will be due to retirements.
The best way to narrow your research for Insurance related jobs in Canada, is to look deeply in to Canada job bank website. Once you are here, you can click on a particular province, it will further be divided by region. You can look out for insurance job opportunities for an Insurance agent in Ontario on the same site. After narrowing down the region, you can return to the main Occupation Trends page in your NOC and region or city to get a similar detailed report.
Every province or territory has its diverse requirements for professional licenses and certifications. To identify this, you would be required to acquire a license or certification and help you get a kick start in preparing for your employment. Occupations in Canada are classified into regulated and non-regulated occupations that just differ based on province.
For example, insurance agents are a regulated profession throughout Canada, which receives their relevant certification and licensing from official regulatory bodies like The Insurance Brokers Association of Canada (IBAC), the Insurance Institute of Canada (IIC), and Advocis (the Financial Advisors Association of Canada).
You can search for Insurance related jobs in Canada via online and offline networks like LinkedIn Jobs, Indeed, Monster, Workopolis, CareerBuilder, SimplyHired, etc. You can also sign up for industry events and then register with specialized recruitment or staffing agencies who aid you in marketing your resume to prospective employers. Another way to gain employment in the insurance sector is via Networking, for which LinkedIn is a great start. Having a relevant certification is highly significant when you look for a job in the field of Insurance. Employment possibilities enhance once you are certified and positively builds your resume. Also, make sure your resume is updated and following the Canadian style of format.