Insurance Agencies & Brokerages
Industry Description
The US insurance agencies and brokerages industry includes about 135,000 establishments (single-location companies and branches of multi-location companies) with annual revenue of about $110 billion. Large companies include Marsh, Aon, Arthur J Gallagher, and State Farm. Despite the prominence of large companies in the commercial segment, the industry remains highly fragmented: the largest 50 firms only hold 20 percent of the total market. Many companies that primarily offer insurance products to businesses function mainly as brokers. Captive agencies operate as a sales agent for a single insurer, working on its behalf; independent brokers sell products from several providers.
SIC: 6411
NAICS: 524210, 524291, 524292
NAICS: 524210, 524291, 524292
Related Industries:
Legal Services, Financial Planners & Investment Advisers, Health Insurance Carriers, Life Insurance Carriers, Title Insurance Carriers, Banks & Credit Unions, Insurance CarriersTo get access to the full industry record, register now.
Top 5 Companies
| Company | Sales | Location |
|---|---|---|
| Allianz Suisse Generalagentur Gerd Thöny Anstalt | 151,208.29M | Vaduz, Liechtenstein |
| ASSICURAZIONI GENERALI Societa per Azioni | 99,446.71M | Causeway Bay, Hk |
| OAMPS INSURANCE BROKERS LTD | 58,140.06M | Melbourne East, Vic |
| SWISS REINSURANCE COMPANY LTD | 42,790.13M | Sydney, Nsw |
| OAMPS LTD. | 41,015.02M | Melbourne East, Vic |
There are 633,844 companies in this industry. To view all of them, register now.Trends
Shady Practices Under Fire - Controversial practices by insurance brokers such as bid rigging...
To read the full description, register now.Industry Indicator
US corporate profits, an indicator of corporate demand for insurance, rose 7.9 percent in the third quarter of 2011 compared to the same period in 2010.
To read the industry indicator, register now.Quarterly Industry Update
Lender-Placed Insurance Under Fire - Force-placed homeowners' insurance, which generates revenue of as much as $6 billion a year, is coming under scrutiny from regulators, who have begun sending subpoenas...
To read the full industry update, register now.