Insurance Carriers - US Industry Market Research Report (Covers 2010-2023)
The 2019 Insurance Carriers Market Research Report is an in-depth assessment of the industry in the U.S. with over 100+ data sets covering 2010-2023.
The Insurance Carriers industry group includes companies primarily engaged in underwriting annuities and insurance policies, and reinsurance. The companies of this group invest premiums to build up a portfolio of financial assets to be used against future claims. Contributions and premiums are set on the basis of actuarial calculations of reserves. Direct insurance carriers that are primarily engaged in underwriting annuities and insurance policies directly to policy holders, and reinsurance carriers that are primarily engaged in assuming all or part of the risk associated with existing insurance policies originally underwritten by other insurance carriers, are included. Industries are defined in terms of the type of risk against which the policyholders are being insured, such as death, loss of employment due to age or disability, and property damage.
Our analysts created the report utilizing extensive business surveys and econometrics. Professionals utilize this report for market sizing, growth planning, benchmarking, due diligence, cost-cutting, strategic planning, understanding industry dynamics, evaluating opportunities, forecasting, streamlining, and gap analysis. The report includes insightful industry data sets such as historical and forecasted industry sales, operating expense details, product line breakdown, BCG matrix, financial ratios, benchmarks, payroll, state statistics, profitability, organizational analysis, revenue per employee, price inflation, consolidation analysis, firm dynamics, pay ranges for different roles, firm size data, employment, data by state, and much more.
Below are select highlights from the report:
In 2018, industry sales were $2242.9 billion
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Over the past 3 years, the industry has grown at an annual rate of 4.8%
The report has historical, annual and forecasted growth rates
There are 6,330 companies in the industry
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SALES PER COMPANY
In 2018, the average sales per company was $331.9 million
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INFLATION & PRICING
2019 forecasted inflation is 3.7%
The report has historicals, 4 years of monthly figures, and the 5-year forecast
For unprofitable companies, the average net loss is -9.5%
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Employee productivity is $1,417,715
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2.5% of expenses is spent on health insurance
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In 2018, industry operating expenses grew 3%
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In 2018, payroll per employee was $85,737
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PAYROLL BY STATE
California averages $105,481 in payroll per employee
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JOB CATEGORIZATION BENCHMARKS
9.5% of employees in the industry are in management positions
Benchmark against 13 other job categories
JOB CATEGORIZATION PAY RANGES
The average industry hourly pay for office and administrative jobs is $21.58
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The above highlights represent a small fraction of what you will find in this report.
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