Job prospects Insurance Clerk - Financial Sector in Newfoundland and Labrador

Explore current and future job prospects for people working as an "insurance clerk - financial sector" in Newfoundland and Labrador or across Canada.

Job opportunities in Newfoundland and Labrador

These outlooks were updated on November 29, 2023.

Prospects over the next 3 years

The employment outlook will be moderate for Banking, insurance and other financial clerks (NOC 14201) in Newfoundland and Labrador for the 2023-2025 period.

The following factors contributed to this outlook:

• Employment growth will lead to a moderate number of new positions.
• A moderate number of positions will become available due to retirements.
• There are a moderate number of unemployed workers with recent experience in this occupation.

Increased use of self-service banking will constrain growth in this occupation.

Here are some key facts about Banking, insurance and other financial clerks in Newfoundland and Labrador:

• Approximately 100 people worked in this occupation in May 2021.
• Banking, insurance and other financial clerks mainly work in the following sectors:
  • Insurance Carriers and related activities (NAICS 524, 526): 61%
  • Monetary Authorities - central bank and securities, commodity contracts and other intermediation and related activities (NAICS 521, 522, 523): 19%
  • Provincial and territorial public administration (NAICS 912): 16%
• 79% of banking, insurance and other financial clerks work all year, while 21% work only part of the year, compared to 56% and 43% respectively among all occupations. Those who worked only part of the year did so for an average of 46 weeks compared to 40 weeks for all occupations.
• The gender distribution of people in this occupation is:
  • Men: 19% compared to 51% for all occupations
  • Women: 81% compared to 49% for all occupations
• The educational attainment of workers in this occupation is:
  • no high school diploma: n/a
  • high school diploma or equivalent: 13% compared to 27% for all occupations
  • apprenticeship or trades certificate or diploma: 13% compared to 17% for all occupations
  • college certificate or diploma or university certificate below bachelor's: 31% compared to 23% for all occupations
  • bachelor's degree: 13% compared to 14% for all occupations
  • university certificate, degree or diploma above bachelor level: 13% compared to 7% for all occupations

Breakdown by region

Explore job prospects in Newfoundland and Labrador by economic region.

Source Labour Market Information | Prospects Methodology

Labour market conditions over the next 10 years

Explore current and future job prospects for people working as an "insurance clerk - financial sector" Banking, insurance and other financial clerks (NOC 14201) or across Canada.

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