Insurance Carriers Report Summary

SIC Codes: 6311 6321 6331 6351 6361 6411
NAICS Codes: 524113 524114 524126 524127 524128 524130 524298

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

Insurance Carriers Industry Overview

Excerpt from Insurance Carriers Report

Companies in this industry underwrite insurance policies and annuities that are paid out in the case of death, illness, injury, or damage to property. Major companies include Anthem, AIG, MetLife, Prudential Financial, State Farm, and UnitedHealth (all based in the US), along with Allianz (Germany), Assicurazioni Generali (Italy), AXA (France), and Ping An Insurance (China).

Competitive Landscape

Demand is driven by demographics and commercial transactions, as well as by legal or financial requirements affecting customers. Consumers are usually required by states to buy auto insurance and by lenders to buy homeowners insurance, for example. Life insurers face an aging population, which could result in rising claims. The profitability of individual companies depends on effective marketing and on the ability to accurately estimate future payments. Large companies have big economies of scale in administration and in access to capital, as well as advertising and marketing. Small companies can compete successfully by specializing in particular products or industries. The US industry is concentrated: the 50 largest companies generate about 65% of revenue. Concentration is higher in some industry segments.

Products, Operations & Technology

Major products include health and medical insurance, which accounts for about 40% of industry revenue; life insurance (about 30%); and property and casualty insurance (about 25%). Other products include title insurance and reinsurance.

Buy Now
Start Live ChatChat

*Required Fields

FREE Alerts to Changes in Your D&B® Credit Scores!* Sign Up. Get CreditSignal® for FREE!*
Try D&B Credit FREE for 30 Days! Get Started. Try D&B Credit FREE for 30 Days