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 Brokers 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 Brokers 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 Research Report Contents
Market Size and Forecast for Insurance Agencies and Brokers
| 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 Brokers 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 Brokers 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 Brokers 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 Brokers
Pell Research has analyzed Insurance Agencies and Brokers 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 |
|
| 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 Brokers
Identify the average workforce distribution in a typical Insurance Agencies and Brokers 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% |
| 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
$3,940,564 on Insurance Agencies and Brokers. It has
awarded 101 contracts to 29 companies, with an average value of $135,882 per company.
| Company |
Address |
Key Contact |
| Data provided in industry report |
Industry Research Resources
University of Pittsburgh Industry Research Resources
GreenBook Market Research Companies
