Insurance Brokers Industry Overview

Companies that market and provide insurance brokerage services and products.

Full Insurance Brokers Industry Description

Fewer Life Insurance Agents

The number of life insurance agents is quickly diminishing in the US, partly due to stagnant new premium revenue. The Bureau of Labor Statistics predicts that by 2010 the number of life insurance agents will have dropped 30 percent from the 2000 level.

Full Insurance Brokers Industry Trends

• Marsh & McLennan Companies, Inc.
• USI Holdings Corporation
• Alexander Forbes Limited

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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 Brokers maps to a number of NAICS codes including:

Full Insurance Brokers Industry Codes

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

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