Other Insurance Related Activities Industry Research Report
Industry Overview
This industry comprises establishments primarily engaged in providing services related to insurance (except insurance agencies and brokerages). Illustrative Examples: Claims adjusting, insurance Insurance plan administrative services, third party Insurance actuarial services Insurance claims adjusting Cross-References. Establishments primarily engaged in--
Source: U.S. Census BureauOther Insurance Related Activities Market Size
This research report analyzes the market size and trends in the Other Insurance Related Activities industry. It shows overall market size from 2020 to the present, and predicts industry growth through 2030. Revenues data include both public and private companies.
| Historical | Forecasted |
|---|
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|
| Market Size (Total Revenue) | Included in Report |
| % Growth Rate |
| Number of Companies |
| Total Employees |
| Average Revenue per Company |
| Average Employees per Company |
Source: U.S. government financial dataIndustry Revenue ($ Billions)
Industry Forecast ($ Billions)
Advanced econometric models forecast five years of industry growth based on short- and long-term trend analysis. Market size includes revenue generated from all products and services sold within the industry.
Geographic Breakdown by U.S. State
Market size by state reveals local opportunity through the number of companies located in the region. Each state's growth rate is affected by regional economic conditions. Data by state can be used to pinpoint profitable and nonprofitable locations for Other Insurance Related Activities companies in the United States.
Industry Revenue by State [Sample]
Distribution by Company Size
| Company Size | All Industries | Other Insurance Related Activities |
|---|
| Small Business (< 5 Employees) | Included |
| Small Business (5 - 20) |
| Midsized Business (20 - 100) |
| Large Business (100 - 500) |
| Enterprise (> 500) |
Industry Income Statement (Average Financial Metrics)
Financial statement analysis determines averages for the following industry 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" Other Insurance Related Activities company (both public and private companies are included).
| Industry Average | Percent of Sales |
|---|
| Total Revenue | Included |
| Operating Revenue |
| Cost of Goods Sold (COGS) |
| Gross Profit |
| Operating Expenses |
| Operating Income |
| Non-Operating Income |
| Earnings Before Interest and Taxes (EBIT) |
| Interest Expense |
| Earnings Before Taxes |
| Income Tax |
| Net Profit |
Average Income Statement
Cost of Goods Sold
Salaries, Wages, and Benefits
Rent
Advertising
Depreciation and Amortization
Officer Compensation
Net Income
Financial Ratio Analysis
Financial ratios allow a company's performance to be compared against that of its peers.
| Financial Ratio | Industry Average |
|---|
| Profitability Ratios | Included |
| Profit Margin |
| ROE |
| ROA |
| Liquidity Ratios |
| Current Ratio |
| Quick Ratio |
| Activity Ratios |
| Average Collection Period |
| Asset Turnover Ratio |
| Receivables Turnover Ratio |
| Inventory Conversion Ratio |
Products and Services Mix
Product lines and services in the Other Insurance Related Activities industry accounting for the largest revenue sources.
| Product Description | Description | Revenue
($ Millions) |
|---|
| Industry total | Included |
| Other products related to insurance |
| Third party admin & mgt of hlth and/or welfare funds/plans - fees |
| Claims adjustment products |
| Third party admin & mgt of pension funds/plans - fees |
| Insurance consulting products |
| Third party admin and management of other self-insurance - fees |
| Third party admin & mgt of workers' comp self-insurance - fees |
| Other products related to insurance - fees |
| Other products |
Salary information for employees working in the Other Insurance Related Activities industry.
| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|
| Management Occupations | 9% | Included |
| Chief Executives | 0% |
| General and Operations Managers | 3% |
| Business and Financial Operations Occupations | 31% |
| Business Operations Specialists | 25% |
| Claims Adjusters, Appraisers, Examiners, and Investigators | 18% |
| Claims Adjusters, Examiners, and Investigators | 17% |
| Financial Specialists | 6% |
| Computer and Mathematical Occupations | 7% |
| Computer Occupations | 6% |
| Sales and Related Occupations | 5% |
| Office and Administrative Support Occupations | 42% |
| Information and Record Clerks | 15% |
| Customer Service Representatives | 13% |
| Customer Service Representatives | 13% |
| Other Office and Administrative Support Workers | 16% |
| Insurance Claims and Policy Processing Clerks | 10% |
| Insurance Claims and Policy Processing Clerks | 10% |
Government Contracts
The federal government spent an annual total of
$280,061,298 on the Other Insurance Related Activities industry. It has awarded 755 contracts to 85 companies, with an average value of $3,294,839 per company.
Top Companies in Other Insurance Related Activities and Adjacent Industries
| Company | Address | Revenue
($ Millions) |
|---|
Included |
