Job prospects Insurance Actuary in Alberta

Explore current and future job prospects for people working as an "insurance actuary" in Alberta or across Canada.

Job opportunities in Alberta

These outlooks were updated on November 29, 2023.

Prospects over the next 3 years

The employment outlook will be moderate for Mathematicians, statisticians and actuaries (NOC 21210) in Alberta for the 2023-2025 period.

The following factors contributed to this outlook:

• Employment growth will lead to a moderate number of new positions.
• Not many positions will become available due to retirements.
• There are a small number of unemployed workers with recent experience in this occupation.

Here are some key facts about Mathematicians, statisticians and actuaries in Alberta:

• Approximately 500 people worked in this occupation in May 2021.
• Mathematicians, statisticians and actuaries mainly work in the following sectors:
  • Other professional, scientific and technical services (NAICS 5414, 5416-5419): 25%
  • Hospitals (NAICS 622): 18%
  • Universities (NAICS 6113): 13%
  • Insurance Carriers and related activities (NAICS 524, 526): 12%
  • Federal government public administration (NAICS 911): 8%
• The distribution of full-time and part-time workers in this occupation is:
  • Full-time workers: 90% compared to 80% for all occupations
  • Part-time workers: 10% compared to 20% for all occupations
• 75% of mathematicians, statisticians and actuaries work all year, while 25% work only part of the year, compared to 61% and 39% respectively among all occupations. Those who worked only part of the year did so for an average of 45 weeks compared to 42 weeks for all occupations.
• 7% of mathematicians, statisticians and actuaries are self-employed compared to an average of 15% for all occupations.
• The gender distribution of people in this occupation is:
  • Men: 60% compared to 53% for all occupations
  • Women: 40% compared to 47% for all occupations
• The educational attainment of workers in this occupation is:
  • no high school diploma: n/a
  • high school diploma or equivalent: less than 5% compared to 28% for all occupations
  • apprenticeship or trades certificate or diploma: n/a
  • college certificate or diploma or university certificate below bachelor's: less than 5% compared to 19% for all occupations
  • bachelor's degree: 43% compared to 21% for all occupations
  • university certificate, degree or diploma above bachelor level: 51% compared to 9% for all occupations

Breakdown by region

Explore job prospects in Alberta 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 actuary" in Alberta or across Canada.

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