Insurance agents and brokers sell life, automobile, property, travel, accident and sickness, and other types of insurance to individuals, businesses and public institutions.
Watch the video below to see what a day in the life of an insurance broker is like.
Estimated median employment income based on 2021 Job Bank median hourly wage rate (median annual salary = hourly wage rate x 40 (hours per week) x 52.14 (weeks per year))
Note:Estimated median employment income based on 2021 Job Bank median hourly wage rate (median annual salary = hourly wage rate x 40 (hours per week) x 52.14 (weeks per year))
Source: 2021 Job Bank Wage Report
Source: B.C. Labour Market Outlook
10 year expected job openings: 3,300
Insurance agents and brokers do some or all of these duties:
Insurance agents may work for one insurance company or they may be independent representatives of several insurance companies.
Some agents are brokers who work for brokerage firms, or they may work in partnerships or work on their own.
People in this job usually work in an office setting and may need to travel to meet with clients outside of the office. While much of the work can be done during regular office hours, there may be the need to work some evenings or weekends, depending on when clients are available.
Source: 2016 Census
A secondary school diploma is usually required for this career.
In B.C., a licence is needed to sell different types of insurance. People in this career must complete course work and a licensing exam for the type of insurance they will sell. The Insurance Council of British Columbia is the governing body that regulates and licenses insurance agents in B.C.
New life and health insurance agents must be supervised by a more senior agent for two years.
On-the-job training and insurance industry courses and training programs are provided for people in this job and are needed for employment. Once a person is licenced, they must keep taking courses throughout their career to keep their licence up to date.
Insurance agents and brokers who are certified for that occupation by a regulator elsewhere in Canada can apply for the same certification from the regulator in B.C. Under the terms of the Canadian Free Trade Agreement (CFTA), most applicants who are transferring their credentials from elsewhere in Canada will not be required to complete additional training or testing. However, the B.C. regulator may ask applicants to provide further information such as a letter of good standing, references, or criminal record check.
For those who trained outside of Canada and never received certification from any Canadian jurisdiction, a full assessment is likely needed. Most occupational regulators have a process for assessment and recognize internationally trained applicants.
Contact the Insurance Council of British Columbia for details on how to apply for certification in B.C.
For information about labour mobility in Canada, visit www.workersmobility.ca.
View a list of B.C. occupational regulators.
For more information about programs offered specifically for this career, visit EducationPlannerBC.
Every job calls for a certain set of skills. Knowing those skills is the first step in finding a good career fit.
Here, you will find the 35 most relevant workplace skills. Some are more important to achieving success in a certain career than others. These skills may come naturally to you or you may need to gain them through education, training and experience.
See the list of work-related skills below, ranked in order of importance for this career. You’ll also find the skill strength needed, letting you know how capable you must be in that skill.
Check out the list and see if this career matches your skills—take that first step!
People in this job should have good communication skills. Buying insurance can be stressful for some clients. Insurance agents and brokers must be able to explain detailed information about insurance policies to their clients. They should be able to answer questions, explain information clearly and make sure the client understands the benefits and costs of the insurance.
People in this job may advance in their career by completing additional training. They can gain many levels of professional designations, which help earn a promotion.
Insurance agents and brokers can become supervisors of insurance agents. Supervisors are more senior agents who oversee those new to this job.
With experience, people in this career can move into insurance management positions. Completing educational programs through the Insurance Institute of Canada or its provincial counterpart allows people in this job to earn professional recognition as a Chartered Insurance Professional (CIP®) or a Fellow Chartered Insurance Professional (FCIP®) of the Insurance Institute of Canada, which may help with being hired in a more senior or management position.