The Largest One-Year Percentage Increase in Employees
BC’s largest insurance companies continue to grow according to employment data collected for BIV’s list of the biggest insurance brokerages in B.C. Over the past 5 years, their average number of B.C. employees increased by 25.9% to 406.2 in 2020 from 322.7 in 2016.
A significant portion of that growth occurred over the past year, as average employment grew 17.2% from 346.7 in 2019, which is nearly double the percentage increase recorded in the previous year. While the median number of employees at the province’s largest insurance brokerages remained flat over the past year, the five-year growth rate for median employment surpassed that of their average employment numbers over the same period.
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