Insurance Carriers - 2020 U.S. Market Research Report with Updated COVID-19 Forecasts

Insurance Carriers - 2020 U.S. Market Research Report with Updated COVID-19 Forecasts

  • April 2020 •
  • 36 pages •
  • Report ID: 5886919 •
  • Format: PDF
The 2020 Insurance Carriers Market Research Report is one of the most comprehensive and in-depth assessments of the industry in the United States with over 100 data sets covering 2011-2024. This report includes updated 2020 and 5-year forecasts due to the impact of COVID-19.

This report includes historical and forecasted market size, product lines, profitability, financial ratios, BCG matrix, statistics by state, operating expense details, organizational breakdown, consolidation analysis, employee productivity, price inflation, pay bands for the top 20 industry jobs, trend analysis and forecasts on companies, locations, employees, payroll, and much more.

The Insurance Carriers industry group includes companies primarily engaged in underwriting annuities and insurance policies, and reinsurance. The companies of this group invest premiums to build up a portfolio of financial assets to be used against future claims. Contributions and premiums are set on the basis of actuarial calculations of reserves. Direct insurance carriers that are primarily engaged in underwriting annuities and insurance policies directly to policy holders, and reinsurance carriers that are primarily engaged in assuming all or part of the risk associated with existing insurance policies originally underwritten by other insurance carriers, are included. Industries are de?ned in terms of the type of risk against which the policyholders are being insured, such as death, loss of employment due to age or disability, and property damage.

This report was developed utilizing the results from extensive business surveys and econometrics. Professionals utilize this report for market sizing benchmarking, strategic planning, due diligence, cost-cutting, planning, understanding industry dynamics, evaluating opportunities, forecasting, streamlining, gap analysis, and other analyses.

Review the table of contents or download a sample report to see the data-rich insights, which leaders have come to depend on for their research, strategic, and benchmarking needs.

Below are a few of the hundreds of stats from the report:

INDUSTRY SIZE
In 2019, industry sales were $2417.7 billion
Purchase now for historical and forecasted market size

INDUSTRY GROWTH
Over the past 3 years, the industry has grown at an annual rate of 6.2%
The report has historical, annual and forecasted growth rates

COMPANY GROWTH
There are 6,476 companies in the industry
Learn more about the historical and forecasted industry composition

SALES PER COMPANY
In 2019, the average sales per company was $373.3 million
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INFLATION & PRICING
2020 forecasted inflation is 2.9%
The report has historicals, 4 years of monthly figures, and the 5-year forecast

PROFITABILITY
For unprofitable companies, the average net loss is -7.1%
The report has more on market and profitability dynamics

RIGHTSIZING ANALYSIS
Employee productivity is $1,469,300
Learn more about historical and forecasted employee productivity

EXPENSE BENCHMARKING
2.5% of expenses is spent on health insurance
Benchmark against 24 other expense categories

OPERATING EXPENSES
In 2019, industry operating expenses grew 3%
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PAYROLL
In 2019, payroll per employee was $88,528
Get the full picture with historicals and the 2020 and 5-year forecasts

PAYROLL BY STATE
California averages $98,872 in payroll per employee
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JOB CATEGORIZATION BENCHMARKS
9.5% of employees in the industry are in management positions
Benchmark against 13 other job categories

JOB CATEGORIZATION PAY RANGES
The average industry hourly pay for office and administrative jobs is $21.58
Purchase now for the bottom 10%, 25%, average, top 75% and 90% pay ranges in 14 job categories

The above stats represent a small fraction of what you will find in this report.

Purchase the 2020 Insurance Carriers Market Research Report now to unlock the insight from one of the most trusted research firms.
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