Training in insurance and financial advisory services in Québec

Training program

• In the Québec education system, completion of this program requires 3 years of technical training, representing a total of 14 years of study.
• This training leads to two occupations with good prospects for employment integration in Québec. They are:

• Insurance underwriter (NOC 1234)
• Insurance agent and broker (NOC 6231)

Occupations

Insurance underwriter (NOC 1234)

Main duties

• Insurance underwriters study and evaluate insurance applications to establish the risk to be covered and set premiums and the extent of coverage based on company policies.
• In Québec, this occupation is not regulated.

Labour market information

• Employment prospects for the 2009-2013 period are favourable throughout Québec.

Some figures

• Approximately 3,000 persons practised the occupation of insurance underwriter or a related occupation in Québec in 2008, 65% of whom were women (compared to 47% for all occupations).
• 93% of insurance underwriters and persons practising a related occupation were employed full time in 2008 (compared to 81% for all occupations).
• The average gross annual income was $51,000 for full-time employment in 2005.

Main activity sectors in terms of employment

Insurance agents and brokers (NOC 6231)

Main duties

• Insurance agents and brokers sell life insurance, car insurance, property insurance, health insurance and other types of insurance to individuals, businesses and public establishments.
• In Québec, the practice of certain occupations in the financial sector, particularly in insurance, requires a representative’s certificate issued by the Autorité des marchés financiers. For more information on the conditions for practising these occupations, see the information sheet Exercer une profession régie par l’Autorité des marchés financiers.

Labour market information

• Employment prospects for the 2009-2013 period are favourable throughout Québec.

Some figures

• Approximately 16,000 persons practised the occupation of insurance agent and broker or a related occupation in Québec in 2008, 57% of whom were women (compared to 47% for all professions)
• 90% of insurance agents and brokers and persons practising a related occupation were employed full time in 2008 (compared to 81% for all occupations).
• The average gross annual income was $46,000 for full-time employment in 2005.

Main activity sectors in terms of employment

To learn more Tools to compare studies done outside Québec

Useful links

• Emploi-Québec - Aide à l'emploi
• Inforoute FPT – Vocational and technical training in Québec