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Hoover's Directories > Industry Overviews > Insurance Carriers

Insurance Carriers

  • Overview
  • Risks & Opportunities
  • Call Prep Questions

Industry Description

The US insurance carriers industry includes about 7,500 companies with combined annual revenue of more than $1 trillion. Major companies include AIG, MetLife, Prudential Financial, and Hartford Financial Services Group. The industry is concentrated: the 50 largest companies generate about 60 percent of revenue. Concentration is higher in some industry segments.

SIC: 6311, 6321, 6331, 6351, 6361, 6411
NAICS: 524298, 524130, 524128, 524127, 524113, 524114, 524126
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Top 5 Companies

CompanySalesLocation
China Pacific Insurance (Group) Co., Ltd.18,106.35MCentral District, Hong Kong
SHIN KONG LIFE INSURANCE CO., LTD.12,307.64MTaipei City, Tap
MEDIOLANUM VITA SPA11,716.31MBasiglio, Mi
DEPOSIT INSURANCE CORPORATION OF JAPAN11,443.28MChiyoda-Ku, Tky
OUTSURANCE INSURANCE COMPANY LTD7,679.48MCenturion, Gauteng
Bullet - Yellow Arrow Box There are 37,424 companies in this industry. To view all of them, register now.

Industry Indicator

US corporate profits, an indicator of corporate demand for insurance, rose 7.0 percent in the fourth quarter of 2011 compared to the same period in 2010.
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Quarterly Industry Update

Maryland Proposes Ban on “Forced Bundling”  - A proposed ban in Maryland on “forced bundling,” which requires customers to get their insurance coverage with one company, showcases some recent complaints about the...
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