Insurance Industry Overview

Companies that market and provide products and services, including life insurance, property/casualty insurance, surety insurance, title insurance, credit insurance, mortgage insurance, reinsurance, insurance brokerage, and risk management.

Summary

Army Gen. George Patton urged others to "Take calculated risks," but he wasn't in the insurance business. Traditionally, the most successful insurance firms generally take on the least risk. However, factors such as deregulation, globalization, climate change, and the events of September 11 and Hurricane Katrina helped to shake up the industry.The life insurance industry (about 60% of worldwide premiums) has changed the most profoundly in the products it sells.

Full Insurance Industry Description

• Alleanza Assicurazioni S.p.A.
• Alleghany Corporation
• AMB Generali Holding AG

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Hoover's has developed its own industry classifications to better serve its customers. These classifications are mapped to the North American Industry Classification System (NAICS) and the older U.S. Standard Industrial Classification (SIC) system. The Insurance maps to a number of NAICS codes including:

Full Insurance Industry Codes

• America's Health Insurance Plans
  
• American Council of Life Insurers
  
• American Insurance Association
  

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