Overview
The 123,800 insurance agencies and brokerages in the US act as the “sales arm” of the insurance industry. Insurance agencies represent insurance carriers and sell policies to customers looking to minimize risks. “Captive” agents are affiliated with a single carrier. Independent agents may represent a variety of carriers. Brokers represent customers, and work with multiple carriers to determine the policy that best fits customer needs.
Cyclical Sales
The insurance industry is cyclical and premiums vary considerably depending on market conditions.
Government Regulation
Government regulation can affect insurance premiums, coverage, and commissions.
Industry Financial Benchmarks
Here are typical financial statements for insurance agencies & brokerages.
This data is provided by Powerlytics, Inc. Powerlytics is a big data predictive analytics platform provider with the most comprehensive, accurate and granular consumer and business financial data available in the marketplace. Its proprietary platform provides a comprehensive financial view of the over 200 million adults and 30 million businesses that comprise the American economy. Learn more about Powerlytics products & data.
Need more detailed financial business or consumer/customer data for your client or prospect? Powerlytics can break down this data by specific industry segments, size of business, or geographic market as well as providing income, health, risk, and market opportunity associated with U.S. consumers. To contact us or order data, click here.
Loading…
To View this chapter for free, Please register.
Get Started Free
To view a Sample Report, click here
To View this chapter, Please purchase the full Profile.
Purchase Profile for Just $99
To view a Sample Report, click here