In 2023, there were approximately ******million people employees in the insurance sector in the United States. Employment in the insurance industry Employment within the insurance industry has shown significant growth since 1960. Each decade, between 1960 and 2000, there was an increase in the number of employees which were employed in the industry – increasing by around ******* employees each decade. However, between 2000 and 2010, the number of employees declined from **** million to **** million. Some recovery and growth within employment can be seen to have occurred in 2014. This growth is likely the result of increasing numbers of agents, brokers and service employees in the insurance industry, which has been positive since 2010. Variation between segments The number of health insurance employees has also seen growth, but the number of employees in life insurance saw a significant decrease between 2000 and 2005 and stagnation ever since. Stagnation within industry employment is believed to be the result of many health insurance professionals entering retirement and these positions being left vacant or being replaced by increasing automation within the industry. The number of employees in the U.S. reinsurance industry has experienced an increasing trend in the last years, however, a lack of job growth within the industry is also seen as a threat to the business model of insurance companies.

The number of people employed in the insurance sector in the United States fell in every state between 2019 and 2022. In California alone, the number dropped by approximately 132,000 during this period.

Graph and download economic data for Employment for Finance and Insurance: Insurance Carriers (NAICS 5241) in the United States (IPUKN5241W010000000) from 1987 to 2024 about finance, insurance, NAICS, IP, employment, and USA.

This statistic shows the projected number of employees in the finance and insurance industry in the United States from 2019 to 2026. By 2026, the finance and insurance industry in the U.S. is projected to have roughly 6.41 million employees.

Graph and download economic data for Employment for Finance and Insurance: Insurance Agencies, Brokerages, and Related Services (NAICS 5242) in the United States (IPUKN5242W200000000) from 1987 to 2024 about brokers, agency, finance, insurance, NAICS, IP, services, employment, and USA.

Employment statistics on the Property, Casualty and Direct Insurance industry in United States

The number of insurance sales agents and underwriters in the United States increased in 2023. In that year, there were 432,540 insurance sales agents employed in the country, up from 420,220 a year earlier.

Graph and download economic data for Employment for Finance and Insurance: Securities, Commodity Contracts, Investments (NAICS 523) in the United States (IPUKN523W201000000) from 1988 to 2024 about contracts, finance, insurance, NAICS, investment, IP, securities, commodities, employment, and USA.

Employment statistics on the Finance and Insurance industry in United States

The number of people employed in the property and casualty insurance industry in the United States decreased in 2024. In that year, there were approximately ******* people employed in this sector, down from ******* in the previous year. This figure trended downward in the decade prior to 2014, before trending upwards over the second half of the 2010s. What is property and casualty insurance? Property and casualty (P&C) insurance is a type of insurance which covers risks related to the loss or damage of property. This kind of insurance coverage is primarily concerned with two aspects of protection, namely the protection of physical objects (such as cars, houses, etc.) as well as protection against legal liability (in the event that one is found legally responsible for injury or damage incurred by another party). In 2023, the direct premiums of P&C insurance in the United States amounted to almost **** billion U.S. dollars. Who are the leading P&C insurers in the U.S.? In 2023, the American property/casualty industry was led by State Farm. Based in Illinois, State Farm Insurance is a large group of mutual insurers throughout the United States. That year, State Farm held nearly ten percent of the market share – almost three percent more than their closest competitor, Nationwide.

Employment statistics on the Health & Medical Insurance industry in United States

Employment statistics on the Business Insurance industry in United States

Employment statistics on the Title Insurance industry in United States

Employment statistics on the Life Insurance & Annuities industry in United States

Employment statistics on the Homeowners' Insurance industry in United States

The statistic represents the number of people employed in the U.S. insurance industry in 2008, listed here according to occupation. There were 90,800 insurance underwriters in 2008.

In 2023, the number of people working in the life, health, medical insurance industry in the United States increased by 12,000 reaching approximately 912,300 employees compared to the previous year which accounted around 900,900 people. This number steadily increased from 2005 to 2020. In 2023, the number of employees was higher than 2022, but still lower than 2020.

Graph and download economic data for Employment for Finance and Insurance: Other Financial Investment Activities (NAICS 5239) in the United States (IPUKN5239W200000000) from 1987 to 2024 about finance, insurance, NAICS, investment, IP, financial, employment, and USA.

Table NameFinance and Insurance: Subject Series - Estab & Firm Size: Summary Statistics by Employment Size of Firms for the U.S.: 2012ReleaseScheduleThe data in this file are scheduled for release in March 2016.Key TableInformationEC1252SSSZ1 through EC1252SSSZ4, and EC1252SSSZ6 through EC1252SSSZ7 present data by employment and revenue size for establishments and firms, single unit and multiunit firms, concentration by largest firms, and legal form of organization for the United States. See Methodology. for additional information on data limitations.UniverseThe universe of this file is all establishments of firms with payroll in business at any time during 2012 and classified in Finance and Insurance (Sector 52).GeographyCoverageThe data are shown at the United States level only.IndustryCoverageThe data are shown for 2- through 6-digit and selected 7-digit 2012 NAICS codes.Data ItemsandOtherIdentifyingRecordsThis file contains data on:.Firms.Establishments.Revenue.Annual payroll.First-quarter payroll.Paid employees.Each record includes an EMPSZFF code which represents a specific employment size category of firms.FTP DownloadDownload the entire table athttps://www2.census.gov/econ2012/EC/sector52/EC1252SSSZ5.zipContactInformation. U.S. Census Bureau, Economy Wide Statistics Division. Data User Outreach and Education Staff. Washington, DC 20233-6900. Tel: (800) 242-2184. Tel: (301) 763-5154. ewd.outreach@census.gov. . .For information on economic census geographies, including changes for 2012, see the economic census Help Center..Includes only firms and establishments of firms with payroll. Excludes data for establishments of these firms that are classified in other categories than those specified in this file. See Table Notes for more information. Data based on the 2012 Economic Census. For method of assignment to categories shown and for information on confidentiality protection, sampling error, nonsampling error, and definitions, see Methodology..Symbols:D - Withheld to avoid disclosing data for individual companies; data are included in higher level totalsN - Not available or not comparableFor a complete list of all economic programs symbols, see the Symbols Glossary.Source: U.S. Census Bureau, 2012 Economic Census.Note: The data in this file are based on the 2012 Economic Census. To maintain confidentiality, the U.S. Census Bureau suppresses data to protect the identity of any business or individual. The census results in this file contain nonsampling error. Data users who create their own estimates using data from this file should cite the U.S. Census Bureau as the source of the original data only. For the full technical documentation, see Methodology link in above headnote.

Employment statistics on the Long Term Care Insurance industry in United States