Insurance Agencies and Brokerages Industry Research

Quality Industry Data

If you're trying to figure out the industry's market size, average annual revenue, forecast for growth or decline, geographic distribution in the United States, top companies, and similar statistics, you've come to the right place.

We've gathered all the key statistics and data for the Insurance Agencies and Brokerages industry into one simple, yet comprehensive research report. This 2012 Pell Research market analysis report provides the high quality industry statistics you can rely on.

Thousands of companies have used our research, from small startups to the largest consulting firms. Gain a competitive edge today with the Pell Research Insurance Agencies and Brokerages industry report.

Finance and Insurance Sector Details

The Finance and Insurance Sector contains industries involved in financial transactions. Example industries include banks, brokers, trusts, and funds.

Related Industries

Market Size and Forecast for Insurance Agencies and Brokerages

Forecast	2011	2012	2013	2014	2015	2016
Market Forecast ($ billions)	Data provided in industry report

Five-year projections show growth trends in industry sales and revenues. This economic model is based on short- and long-term trends. The industry size is determined by total revenue generated within the industry from all products and services. Growth and decline in the industry shows the total opportunity for companies. The Insurance Agencies and Brokerages industry report reveals both the historical trends and five-year forecast, calculated by Pell Research's econometric models. The market share, measured in billions of dollars, includes both public and private companies. Use this information to identify industry trends and predict future growth patterns.

Geographic Share by State in the US

Market by State

The historical market size by state shows how large the local opportunity is, and how many companies are located in the region. Growth rates by state are affected by the regional economic conditions. View data by state to pinpoint profitable and nonprofitable locations for companies in the Insurance Agencies and Brokerages industry in the United States.

Northeast Region

Industry conditions in the Northeast show competitive trends specific to this region compared to individual states and the national average.

Market Size ($ millions)	2006	2007	2008	2009	2011
Maine	Data provided in industry report
Massachusetts
Connecticut
New Jersey
New Hampshire
New York
Pennsylvania
Rhode Island
Vermont

Midwest Region

Learn how companies are performing in each state within the midwest. The data reflect total sales from firms located in this area.

Market Size ($ millions)	2006	2007	2008	2009	2011
Illinois	Data provided in industry report
Indiana
Iowa
Kansas
Michigan
Minnesota
Missouri
Nebraska
North Dakota
Ohio
South Dakota
Wisconsin

Southern Region

In the South, see total Insurance Agencies and Brokerages sales for companies located in each state.

Market Size ($ millions)	2006	2007	2008	2009	2011
Arkansas	Data provided in industry report
Delaware
District of Columbia
Georgia
Kentucky
Louisiana
Maryland
Mississippi
North Carolina
Oklahoma
South Carolina
Tennessee
Texas
Virginia
West Virginia

Western Region

Market Size ($ millions)	2006	2007	2008	2009	2011
Arizona	Data provided in industry report
California
Colorado
Hawaii
Idaho
Montana
New Mexico
Nevada
Oregon
Utah
Washington
Wyoming

Income Statement (Average Financial Metrics) for Insurance Agencies and Brokerages

Pell Research has analyzed Insurance Agencies and Brokerages financial statements to determine the industry average forces:

• Cost of goods sold
• Compensation of officers
• Salaries and wages
• Employee benefit programs
• Rent paid
• Advertising and marketing budgets

The report includes a traditional income statement from an "average" company (both public and private companies included).

Products and Services Breakdown

Description	Revenue ($ millions)
Industry Total
Brokering And Dealing Products - Equities
Trust Products - Fiduciary Fees
Financial Planning And Investment Management Products
Financial Planning And Investment Mgt Serv For Bus & Govt
Personal Financial Planning And Advice Products
Personal Investment Management Products
Insurance Brokerage And Agency Products - Commissions
Life And Accident Insurance - Commissions
Health And Medical Insurance - Commissions
Property & Casualty Insurance - Personal Lines - Commissions
Property & Casualty Insurance - Commercial Lines - Commissions
Annuity Insurance - Commissions
Title Insurance - Commissions
Other Insurance Brokerage & Agency Products - Commissions
Claims Adjustment Products
Insurance Consulting Products
Other Products Related To Insurance
Third Party Admin & Mgt Of Pension Funds/Plans - Fees
Third Party Admin & Mgt Of Hlth And/Or Welfare Funds/Plans - Fees
Third Party Admin & Mgt Of Workers' Comp Self-Insurance - Fees
Third Party Admin And Management Of Other Self-Insurance - Fees
Other Products Related To Insurance - Fees
Title Search, Title Reconveyance, & Title Abstract Service Fees
Other Products

Salary Information for Employees Working in Insurance Agencies and Brokerages

Identify the average workforce distribution in a typical Insurance Agencies and Brokerages company, along with the average annual salary brackets for these positions.

Title	Percent of Workforce	Bottom Quartile	Average (Median) Salary	Upper Quartile
Management Occupations	4%	Data provided in report
Chief Executives	0%
General and Operations Managers	2%
Business and Financial Operations Occupations	9%
Claims Adjusters, Examiners, and Investigators	20%
Computer and Mathematical Occupations	7%
Sales and Related Occupations	38%
Insurance Sales Agents	35%
Office and Administrative Support Occupations	47%
Customer Service Representatives	14%
Insurance Claims and Policy Processing Clerks	12%
Office Clerks, General	6%

Government Contracts

In 2008, the federal government spent a total of $146,524,185 on Insurance Agencies and Brokerages. It has awarded 306 contracts to 78 companies, with an average value of $1,878,515 per company.   

Company	Address	Key Contact
Data provided in industry report

Industry Research Resources

University of Pittsburgh Industry Research Resources
GreenBook Market Research Companies