Insurance Agencies and Brokerages - 2020 U.S. Market Research Report with Updated COVID-19 Forecasts

April 2020 •
36 pages •
Report ID: 5886929 •
Format: PDF

Summary
Table of contents
Search Inside

The 2020 Insurance Agencies and Brokerages 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 Agencies and Brokerages industry includes companies primarily engaged in acting as agents (i.e., brokers) in selling annuities and insurance policies.

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 $159.1 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 4.2%
The report has historical, annual and forecasted growth rates

COMPANY GROWTH
There are 128,231 companies in the industry
Learn more about the historical and forecasted industry composition

SALES PER COMPANY
In 2019, the average sales per company was $1.2 million
Purchase now for historical and forecasted sales per company

INFLATION & PRICING
2020 forecasted inflation is 3.7%
The report has historicals, 4 years of monthly figures, and the 5-year forecast

PROFITABILITY
For unprofitable companies, the average net loss is -10.8%
The report has more on market and profitability dynamics

RIGHTSIZING ANALYSIS
Employee productivity is $211,741
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 3.4%
Purchase now for historical and forecasted OPEX

PAYROLL
In 2019, payroll per employee was $67,563
Get the full picture with historicals and the 2020 and 5-year forecasts

PAYROLL BY STATE
California averages $72,503 in payroll per employee
Purchase now for payroll stats on other states

JOB CATEGORIZATION BENCHMARKS
5.1% 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 $19.54
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 Agencies and Brokerages Market Research Report now to unlock the insight from one of the most trusted research firms.

Ahmad helps you find the right report:

+1 718 618 4302
Contact by email

FAQ

Testimonials

The market research advisor answered my questions quickly and professionally. ReportBuyer's team did their best to ensure that I felt comfortable before making the investment to purchase the report.

Cristian Nunez

Director of Corporate Development Chugach Alaska Corporation

My overall experience with ReportBuyer today has been very positive, and I must thank you for your patience (...). Also, the sample you sent me and the explanations provided were very helpful.

D. Lescuyer

Executive Vice President Oral Business at Skyepharma

The research specialist was very helpful, and proposed the best content for my needs. ReportBuyer also offered a great follow-up, thanks for everything !

P. Thompson

EMEA Managing Director

We were satisfied with the support that ReportBuyer's team provided. Thanks to their recommendations, the report we purchased provided exactly what we want.

Y. Wang

Business Analyst

We didn't have time to do the research internally, and thanks to ReportBuyer's team we were able to find the appropriate data.

S. Chen

Research Coordinator

I was impressed by the customer service: it was fast, responsive, and 100% professional !

D. Krivan

Market Research Analyst

The research specialist provided prompt and helpful service. He also followed up to ensure I had all the information to deliver my business development plan.

C. Adams

Senior Business Development Manager