• OUR DATA
  • BUY REPORTS & LISTS
  • OUR BLOG
 
 

Finance & Insurance Sector Report Summary

SIC Codes: 5932 6011 6019 6021 6035 6061 6082 6091 6099 6111 6141 6159 6162 6211 6221 6231 6282 6321 6371 6722 6726 6733
NAICS Codes: 521110 522110 522120 522130 522190 522210 522220 522291 522292 522293 522294 522298 522310 522320 522390 523110 523120 523130 523140 523210 523910 523920 523930 523991 523999 525110 525120 525190 525910 525920 525990

Chapters Include

  • Industry Overview
  • Quarterly Industry Update
  • Business Challenges
  • Trends and Opportunities
  • Call Preparation Questions
  • Financial Information
  • Industry Forecast
  • Website and Media Links
  • Glossary of Acronyms
 

Finance & Insurance Sector Industry Overview

Excerpt from Finance & Insurance Sector Report

Companies in this industry engage in financial transactions and create, liquidate, purchase, and sell financial assets such as securities, bonds, and insurance. Major finance and insurance companies include AIG, Bank of America, Citigroup, Fidelity, Goldman Sachs, JPMorgan Chase, MetLife, and Wells Fargo (all based in the US), as well as Allianz (Germany), AXA (France), BNP Paribas (France), and Industrial and Commercial Bank of China.

Competitive Landscape

Demand is driven by business activity, returns on investments, and consumer income. The profitability of individual companies depends on marketing, efficient operations, and investment expertise. Large companies often have advantages in access to cheaper capital, participation in large-scale transactions, and name recognition. Small companies can compete effectively through customer service, knowledge of the local market, and specialization. The sector is concentrated: the largest 50 US companies account for nearly 50 percent of sales.

Products, Operations & Technology

Major financial and insurance products and services include loans, financial services, investment advice, insurance products, transactions processing, trading financial instruments, and asset management. Financial and insurance firms create, liquidate, or change ownership of financial assets such as stocks, bonds, options, and insurance. Insurance carriers account for about 45 percent of sector revenue, banks and credit unions for about 20 percent, and securities firms for 15 percent.

Buy Now