Careers and Employment
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INSURANCE INDUSTRY EMPLOYMENT
The insurance industry is a major U.S. employer, providing some 2.3 million jobs that encompass a wide variety of careers, from human resource administrators to public relations managers to financial analysts. Some jobs, such as claims adjusters, actuaries and insurance underwriters, are unique to the insurance industry. For information about the many career opportunities in the insurance industry consult the Bureau of Labor Statistics’ Career Guide to Industries, posted on the Web at http://www.bls.gov/oco/cg/cgs028.htm
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EMPLOYMENT IN INSURANCE, 1997-2006
(Annual averages, 000)
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Insurance carriers |
Insurance agencies, brokerages and related services |
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Direct insurers (1) |
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Year |
Life, health and medical |
Property/ casualty |
Reinsurers |
Total |
Insurance agencies and brokers |
Other insurance- related activities (2) |
Total |
Total industry |
Insurance and employee benefit funds (3) |
| 1997 | 797.4 | 566.9 | 35.1 | 1,399.5 | 559.9 | 184.2 | 744.1 | 2,143.6 | 38.3 |
| 1998 | 816.8 | 592.0 | 34.3 | 1,443.1 | 574.9 | 191.5 | 766.3 | 2,209.4 | 41.4 |
| 1999 | 815.3 | 603.9 | 33.5 | 1,452.7 | 585.3 | 198.1 | 783.4 | 2,236.1 | 44.9 |
| 2000 | 808.8 | 591.6 | 32.3 | 1,432.7 | 587.5 | 200.3 | 787.8 | 2,220.6 | 46.4 |
| 2001 | 807.7 | 591.3 | 31.4 | 1,430.4 | 597.9 | 205.3 | 803.2 | 2,233.7 | 48.4 |
| 2002 | 791.1 | 590.0 | 31.7 | 1,412.8 | 616.0 | 204.4 | 820.4 | 2,233.2 | 47.2 |
| 2003 | 789.0 | 608.6 | 31.0 | 1,428.6 | 628.5 | 208.9 | 837.4 | 2,266.0 | 47.1 |
| 2004 | 764.4 | 604.4 | 29.8 | 1,398.6 | 643.3 | 216.8 | 860.1 | 2,258.6 | 47.0 |
| 2005 | 761.9 | 595.0 | 28.8 | 1,385.7 | 650.1 | 223.5 | 873.6 | 2,259.3 | 46.4 |
| 2006 | 797.9 | 601.0 | 28.8 | 1,427.7 | 659.9 | 228.3 | 888.2 | 2,315.9 | 48.1 |
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(1) Establishments primarily engaged in initially underwriting insurance policies.
(2) Includes claims adjusters, third-party administrators of insurance funds and other service personnel such as advisory and insurance ratemaking services.
(3) Includes employees of legal entities organized to provide insurance and employee benefits exclusively for the sponsor, or its employees or members. These employees are not included in the total for the insurance industry.
Source: U.S. Department of Labor, Bureau of Labor Statistics. |
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