research
AnythingResearch - Industry Analysis and Market Research Reports
Better Data, Better Decisions


The Report on Insurance Agencies & Brokerages contains key information used by Marketing Departments in many of the Fortune 1,000 companies and beyond. The report helps identify industry changes, trends, key players, and growth opportunities.

  Standard Report Premium Report
Current State of the Industry . .
Market Size (industry trends) . .
Market Forecast (5-year projection)   .
Products/Services Breakdown   .
Revenue per State . .
Financial Metrics . .
Salary & Compensation Statistics . .
Public Company Information . .
Key Private Companies   .
Government Vendors   .
Instant Download - Available immediately upon purchase . .
Download both PDF and Excel
Download to PDF Download to Excel
. .
Download now:
AnythingResearch

2017 Market Research Report on Insurance Agencies & Brokerages Industry


Current Research on the Insurance Agencies & Brokerages Industry

This section provides answers to fundamental and critical questions about the industry:
  1. What is the total market size ($ millions)?
  2. What is the Insurance Agencies & Brokerages industry outlook?
  3. Has the market grown or declined?
  4. What is the market growth rate?
  5. Are long term forecasts positive or negative?
  6. What is the industry size and average company size?
  7. How many companies are in the industry?

Market Size & Industry Statistics

The total U.S. market size for the Insurance Agencies & Brokerages industry: statistics cover all companies, both public and private. In addition to total revenue, the industry research provides details on employees, companies, and average firm size in the sector. Use this market information to research and analyze growth rates and the Insurance Agencies & Brokerages industry trends and market outlook based on quantitative research and economic data.

market size 2017
Charts and graphs can be copied to Microsoft Word and Powerpoint presentations.

Statistics 2011        2012        2013        2014        2015        2016
Market Size
(Total Sales/Revenue)


Order at top of page
Total Firms
Total Employees
Average Revenue Per Firm
Average Employees Per Firm
Statistics Source: U.S. Census, AnythingResearch Market Analysis



Market Forecast - Insurance Agencies & Brokerages[PREMIUM]

Market forecasts show the long term industry outlook & Insurance Agencies & Brokerages future growth trends. The following five-year forecast utilizes advanced economics and statistics to project both short-term and long-term market growth and outlook. The industry outlook can be used to set a strategy applicable to economic realities.

market forecast

Forecast / Industry Outlook 2017 2018 2019 2020 2021 2022
Market Forecast ($ millions)
Projected Industry Growth Rate (%)
Source: AnythingResearch Economic Analysis

Product & Services Breakdown

Research products and services in the Insurance Agencies & Brokerages industry generating sales. Note that products are broken into categories with different levels of classification.

Product DescriptionNumber of Companies Sales ($ millions) Percent of Total Sales

Industry Total

Brokering And Dealing Services For Equities

Financial Planning And Investment Management Services

Personal Financial Planning And Advice Services

Personal Investment Management Services

Insurance Brokerage And Agency Services - Commissions

Life And Accident

Health And Medical

Property And Casualty - Personal Lines

Property And Casualty - Commercial Lines

Annuity

Title

Other

Claims Adjustment Services

Consulting Services For Insurance

Insurance Support Services - Third Party Administration

Third Party Administration And Management Of Pension Funds/Plans - Fees

Third Party Administration And Management Of Health And/Or Welfare Funds/Plans - Fees

Third Party Administration And Management Of Workers Compensation Self-Insurance - Fees

Third Party Administration And Management Of Other Self-Insurance - Fees

Other Fees Associated With Third Party Administration

Title Search, Title Reconveyance, And Title Abstract Service Fees

Other Services



U.S. Geographic Distribution: Revenue Statistics by State

Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower market share than average.

U.S. map of Insurance Agencies & Brokerages by state

Income Statement (Average Financial Metrics)

Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.

Industry AveragePercent of Sales
(Industry Benchmark)
Total Revenue

Order at top of page
Operating Revenue
Cost of Goods Sold
Gross Profit

Operating Expenses
Pension, profit sharing plans, stock, annuity
Repairs
Rent paid on business property
Charitable Contributions
Depletion
Domestic production activities deduction
Advertising
Compensation of officers
Salaries and wages
Employee benefit programs
Taxes and Licenses
Bad Debts
Depreciation
Amortization
Other Operating Expenses
Total Operating Expenses
Operating Income
Non-Operating Income
EBIT (Earnings Before Interest and Taxes)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit
 
Source: AnythingResearch Analysis of U.S. federal statistics




Financial Ratio Analysis - Insurance Agencies & Brokerages

Financial ratio information can be used to benchmark how a company in the industry compares relative to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.

Profitability & Valuation Ratios - Insurance Agencies & BrokeragesIndustry Average
Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Insurance Agencies & Brokerages industry is performing.
Profit Margin
Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues.
Return on Equity (ROE)
Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings).
Return on Assets (ROA)
Return on Assets (ROA) is net income relative to total assets. The market research on Insurance Agencies & Brokerages measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets.


Liquidity Ratios - Insurance Agencies & BrokeragesIndustry Average
Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability.
Current Ratio
Measures a firm's ability to pay its debts over the next 12 months.
Quick Ratio (Acid Test)
Calculates liquid assets relative to liabilities, excluding inventories.


Efficiency Ratios - Key Performance IndicatorsIndustry Average
Measure how quickly products and services sell, and effectively collections policies are implemented.
Receivables Turnover Ratio
If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections.
Average Collection Period
Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover
Inventory Turnover
A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.
Fixed-Asset Turnover
Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue.



Compensation & Salary Surveys for Employees

Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.

TitlePercent of WorkforceBottom Quartile Average (Median) SalaryUpper Quartile
Management Occupations 6%

Order at top of page
Chief Executives0%
General and Operations Managers2%
Business and Financial Operations Occupations 16%
Business Operations Specialists 11%
Claims Adjusters, Appraisers, Examiners, and Investigators 7%
Claims Adjusters, Examiners, and Investigators 7%
Financial Specialists 5%
Computer and Mathematical Occupations 7%
Computer Occupations 6%
Sales and Related Occupations 30%
Sales Representatives, Services 28%
Insurance Sales Agents 27%
Insurance Sales Agents 27%
Office and Administrative Support Occupations 43%
Information and Record Clerks 16%
Customer Service Representatives 14%
Customer Service Representatives 14%
Secretaries and Administrative Assistants 6%
Secretaries and Administrative Assistants 6%
Secretaries and Administrative Assistants, Except Legal, Medical, and Executive 5%
Other Office and Administrative Support Workers 16%
Insurance Claims and Policy Processing Clerks 10%
Insurance Claims and Policy Processing Clerks 10%
Office Clerks, General 5%
Office Clerks, General 5%
Source: Bureau of Labor Statistics


Companies in Insurance Agencies & Brokerages and Similar Industries[PREMIUM]

Insurance Agencies & Brokerages market research identifies top companies with the largest estimated market share. Information includes corporate earnings and public company ticker symbols where available.

CompanyAddressRevenue Estimate







Public Insurance Agencies & Brokerages Company News

Web scan for recent news about public companies. Insurance Agencies & Brokerages market research on key company news, and Insurance Agencies & Brokerages statistics.

The market size analysis identifies the overall sales data within the industry. Statistics break down facts about companies within the market.


Government Contracts Related to Insurance Agencies & Brokerages

In 2016, the federal government spent a total of $302,130,058 on Insurance Agencies & Brokerages. It has awarded 1,412 contracts to 141 companies, with an average value of $2,142,766 per company.   

Top government vendors:

CompanyFederal ContractsTotal Award Amount



Growth Opportunities / Competitive Threats

Companies in other industries may also sell similar products. Since there is an overlap in the customer base, there may be an opportunity for companies in Insurance Agencies & Brokerages to sell additional products/services offered by these adjacent industries. Alternatively, these industries may identify further products in this industry to target. Products most at risk are those with the highest profit margins and lowest barriers to entry.

The following industries are competing channels for sales of similar products/services.

Insurance Brokerage And Agency Products - Commissions
Competing IndustrySales Relative to Insurance Agencies & BrokeragesOpportunity/Threat
Insurance Agencies & Brokers Competing industry

Sales from other industries of Insurance Brokerage And Agency Products - Commissions are less than those from Insurance Agencies & Brokerages. This may mean that other channels are a competitive risk of increasing their Insurance Brokerage And Agency Products - Commissions sales, taking market share from this industry.
Insurance Brokerage And Agency Products - Commissions Product Sales Report



Financial Planning And Investment Management Products
Competing IndustrySales Relative to Insurance Agencies & BrokeragesOpportunity/Threat
Portfolio Management
Investment Banking & Securities Dealing
Securities Brokerage
Financial Planning & Investment Advice
Commercial Banking

Since sales from Insurance Agencies & Brokerages are a small fraction compared to other industries selling Financial Planning And Investment Management Products, companies in the Insurance Agencies & Brokerages industry have the opportunity to expand their product offering to take share from these adjacent industries.
Financial Planning And Investment Management Products Product Sales Report



Brokering And Dealing Products - Equities
Brokering And Dealing Products - Equities Product Sales Report

Personal Financial Planning And Advice Products
Personal Financial Planning And Advice Products Product Sales Report

Personal Investment Management Products
Personal Investment Management Products Product Sales Report

Financial Planning And Investment Mgt Serv For Bus & Govt
Financial Planning And Investment Mgt Serv For Bus & Govt Product Sales Report