News > Better Valued Professions yet Positive Work Conditions Still Overlooked

Better Valued Professions yet Positive Work Conditions Still Overlooked

posted on April 5, 2018
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Although the perceptions that Quebeckers have with respect to damage insurance have improved over the last decade, the positive working conditions of these careers remain widely underestimated. In fact, four out of five are unaware that the Diploma of College Studies (DCS) in Insurance and Financial Advisory Services leads to careers that offer competitive wages and a 100% employment rate[1]. This is highlighted by a recent survey conducted by Léger for the Coalition pour la promotion des professions en assurance de dommages (the Coalition).

A Positive Evolution of Perceptions

Every other year since 2006, the Coalition conducts a population survey in Quebec on the perception of damage insurance careers. Throughout the years, the survey highlights significant improvement. Only 23% of respondents in the 2017 survey perceive these professions negatively whereas they reached 40% in 2006. Quebeckers currently view these jobs as being stable and well paid (29%) with a high placement rate (15%).  Importantly, only 4% of Quebeckers consider them as offering interesting opportunities for candidates of immigrant origin. Yet, one out of four companies operating in the area of damage insurance that hired professionals within the last two years has recruited at least one candidate of immigrant origin recently[2]. Among the negative aspects related to damage insurance professions, respondents believe they are boring and involve routine operations (23%) or provide very limited job opportunities (8%). “These findings are encouraging for the industry. They also highlight the importance of pursuing promotional activities such as those by the Coalition in order to attract more candidates to the damage insurance professions,” says Mr. Robert LaGarde, President and Chief Executive Officer of the Coalition.

Overlooked Work Conditions

The average entry wage in damage insurance jobs is highly underestimated by Quebeckers. Indeed, more than half of respondents (51%) believe it is below the $40,000 mark. In fact, a professional launching her career earns in average $43,000[3]. Equally interesting, when faced with a choice among four college programs of the future, 80% of respondents are unaware that the Insurance and Financial Advisory Services DCS ranks highest in terms of wage and placement rate. One in four Quebeckers (26%) choose a Safety, Health and Environmental Management DCS, followed by Insurance and Financial Advisory Services (20%), Paralegal Technology (17%), and Office System Techniques (17%). However, the Insurance and Financial Advisory Services training offers the top wage and is the only one with a 100% placement rate according to Jobboom[4]. “In addition to high wages and an excellent job outlook, damage insurance jobs are challenging for those who are eager to learn. New trends and technologies such as the sharing economy, autonomous cars, artificial intelligence, and big data are radically changing the industry, requiring professionals to continually upgrade their knowledge. So it’s really a winning option,” concludes Mr. LaGarde.

Methodology   

Every other year since 2006, the Coalition conducts a population survey in Quebec on the perception of damage insurance careers. Between August 14 and 16, 2017 a new survey was carried out by Léger for the Coalition with a representative sample of 1,003 respondents aged 18 and over.

 

[1]Jobboom. Careers of the Future 2016: 25 Winning College Programs, 2016.

[2] Coalition. Staffing Needs and Qualification in the Damage Insurance Industry, conducted by SCOR, 2017.

[3] Idem

[4]Jobboom. Careers of the Future 2016: 25 Winning College Programs, 2016.