Insurance Carriers 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 Carriers 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 Carriers 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 Carriers

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 Carriers 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 Carriers 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 Carriers 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 Carriers

Pell Research has analyzed Insurance Carriers 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
Trading Debt Instruments On Own Account - Net Gains (Losses)
Trading Equities On Own Account - Net Gains (Losses)
Trading Derivative Contracts On Own Account - Net Gains (Losses)
Trading Other Scrty & Comdty Contr On Own Acct - Net Gains (Losses)
Life Insurance Products - Premiums
Individual Term Life - Premiums
Individual Whole Life - Premiums
Individual Universal Life - Premiums
Group Life - Premiums
Annuity Products
Variable Deferred Annuities
Fixed Rate Deferred Annuities
Immediate Annuities
Health And Medical Insurance Products - Premiums
Comprehensive Medical Service Plans
Indiv Serv Med Cov Plans (Incl Supp Medicare, Champus, & Oth)
Other Health And Medical Insurance Products
Accident Insurance Products - Premiums
Surety And Related Products - Premiums
Vehicle Prop & Liability (Casualty) Insurance Products - Premiums
Personal Vehicle Insurance Products - Premiums
Commercial Vehicle Insurance Products - Premiums
Property & Liability (Exc Vehicle) Insurance Products - Premiums
Agricultural Multiple Peril Insurance Products - Premiums
Homeowners' Multiple Peril Insurance Products - Premiums
Commercial Multiple Peril Insurance Products - Premiums
Transportation Insurance Products - Premiums
Fire Insurance Products - Premiums
Burglary And Theft Insurance Products - Premiums
Glass And Window Insurance Products - Premiums
Earthquake Insurance Products - Premiums
Other Property & Liability (Exc Vehicle) Insur Prod - Premiums
Product Liability Insurance Products - Premiums
Medical Malpractice Insurance Products - Premiums
Workers' Compensation Insurance Products - Premiums
Other General Liability Insurance Products - Premiums
Travelers' Insurance Products - Premiums
Title Insurance Products - Premiums
All Other Direct Insurance Products - Premiums
Life & Health Ins And Annuity Reinsurance Products - Premiums
Surety Bonds And Related Reinsurance Products - Premiums
Property And Casualty Reinsurance Products - Premiums
Other Reinsurance Products - Premiums
Claims Adjustment Products
Other Products Related To Insurance
Title Search, Title Reconveyance, & Title Abstract Service Fees
Other Products

Salary Information for Employees Working in Insurance Carriers

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

Title	Percent of Workforce	Bottom Quartile	Average (Median) Salary	Upper Quartile
Management Occupations	7%	Data provided in report
Chief Executives	0%
General and Operations Managers	2%
Business and Financial Operations Occupations	36%
Claims Adjusters, Examiners, and Investigators	16%
Insurance Underwriters	8%
Computer and Mathematical Occupations	8%
Sales and Related Occupations	8%
Insurance Sales Agents	6%
Office and Administrative Support Occupations	34%
Customer Service Representatives	8%
Insurance Claims and Policy Processing Clerks	10%

Government Contracts

In 2008, the federal government spent a total of $342,277,921 on Insurance Carriers. It has awarded 416 contracts to 76 companies, with an average value of $4,503,657 per company.   

Company	Address	Key Contact
Data provided in industry report

Industry Research Resources

University of Pittsburgh Industry Research Resources
GreenBook Market Research Companies