Job prospects Insurance Actuary in the Ottawa Region

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Explore current and future job prospects for people working as "Mathematicians, statisticians and actuaries" in the Ottawa Region or across Canada.

Current and future job prospects

These outlooks were updated on November 29, 2023.

Recent trends from the past 3 years

Labour shortage

Over the past few years (2021-2023), there was a labour shortage for Mathematicians, statisticians and actuaries in the Ottawa Region. There were more job openings than workers available to fill them in this occupation.

Source Labour Market Information | Recent Trends Assessment Methodology

Job outlook over the next 3 years

Very good

The employment outlook will be very good for Mathematicians, statisticians and actuaries (NOC 21210) in the Ottawa region for the 2023-2025 period.

The following factors contributed to this outlook:

Employment growth will lead to a moderate number of new positions.
Several 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 the Ottawa region:

Approximately 1,220 people worked in this occupation in May 2021.
Mathematicians, statisticians and actuaries mainly work in the following sectors:
- Federal government public administration (NAICS 911): 71%
- Professional, scientific and technical services (NAICS 54): 13%
- Finance, insurance and Real estate and rental and leasing (NAICS 52-53): 6%

Source Labour Market Information | Prospects Methodology