Insurance Industry Employment Statistics

January 29, 2021 Post a Comment

Published by Statista Research Department Nov 5 2020 This statistic shows the number of insurance industry employees in the United States in 2019 by occupation. This job which requires a high school diploma involves analyzing bills that are past due and contacting customers to seek repayment.

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The remaining 12 million people worked for insurance agencies brokers and other insurance-related enterprises.

Insurance industry employment statistics. IBISWorlds statistic shows that as of 2020 total employment in the Health Medical Insurance industry is 578018. Steven Weisbart Chief Economist Insurance Information Institute On September 6 2019 the US. This is representative of a general growth trend granted that the first studies in this regard were carried out back in 1960.

Some jobs such as claims adjusters actuaries and insurance underwriters are unique to the insurance industry. Insurance industry employed 28 million people in 2019 according to the US. Business Employment Dynamics - Quarterly data series consisting of gross job gains and gross job loss statistics.

Career Information System CIS - IDES offers all Illinois residents a variety of comprehensive free-of-charge career exploration tools to help learn about the world of work choose a career path. Another career you may be interested in pursuing is a job as a bill and account collector. How many people are employed in the Health Medical Insurance industry in the US.

Economy had added 130000 jobs seasonally-adjusted in August. According to the BLS the median salary in this specialty field was 65900 in 2018. Travel Insurance Industry Trends.

Bureau of Labor Statistics announced that the US. Health Insurance Industry Employment Statistics 16. Given the pandemics impact on employment business activity and trade global nonlife premiums are expected to be flat for full-year 2020 including a 1 decline in advanced markets.

That year there were over 393. The US travel insurance sector is expected to increase by 12 in 2020. While most data are obtained from employer or establishment surveys information on industry unemployment comes from a national survey of households.

Of those 16 million worked for insurance companies including life and health insurers 923000 workers PC insurers 647000 workers and reinsurers 28500 workers. The insurance industry is a major US. About 26 of all employees belong in this group show the health insurance coverage statistics.

Bureau of Labor Statistics BLS for 2018. In 2018 health insurance statistics data the number of health insurance home-office employees reached 528000 in the US. Agencies Brokerages and Other Insurance Related Activities.

The insurance carriers and related activities subsector consists of these industry groups. This page is a clearinghouse of all of our Labor Market Information reports and data. And more than one-and-a-quarter million nonfarm jobs actually 1266000 through the first eight months of 2019.

3 However despite these challenges the industry may yet rebound to 3 growth in 2021 led by a potential 7 boost in emerging regions figure 1. Steven Weisbart chief economist for the Insurance Information Institute III looked at Bureau of Labor Statistics BLS data and found that for the 12 months ending January 2019. Employer providing some 28 million jobs in 2019 that encompass a wide variety of careers including engineering and data science human resources public relations and financial analysts.

IBIS World Between 2015 and 2020 the travel insurance sector grew by an average of 19 per year. Approximately 21 and 17 of employees work in firms where the annual average premiums are 5000-5999 and 7000-7999 respectively. Only 2 are employed in a company with an average coverage of up to 3999 per year.

Of the insurance jobs listed here actuaries make one of the highest salaries with a median income of 102880 a year. There are several high-paying careers in the insurance industry that make an annual median salary greater than 50000 according to the US. The unemployment rate among insurance carriers and related businesses declined dramatically from 26 in January 2020 to 1 in February 2020 says Jacobson a provider of insurance talent services.

Between 2017 and 2018 the largest increase in employee estimates by industry has been in the professional scientific and technical industry up 82100 or 33 followed by the wholesale and retail trade repair of motor vehicles and motorcycles up 52000 or 11. Industry market research reports statistics analysis data trends and forecasts. Actuaries typically work for insurance agencies and brokerages that sell the policies of several companies.

This section provides information relating to employment and unemployment in finance and insurance. This section provides information relating to employment and unemployment in insurance carriers and related activities. As such a decline in industry growth may be visible in 2020.

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