How many independent life insurance agents are there in the US?
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How many independent life insurance agents are there in the US?
There were an estimated 36,000 independent agencies in the United States in 2020 (latest data available), about the same as in 2018 when the previous study was conducted, according to the Independent Insurance Agents and Brokers of America’s (IIABA) 2020 Agency Universe Study.
What is the largest life insurance company in the United States?
Largest life insurance companies in the U.S.
| Company | Life insurance options | Market share in 2020 |
|---|---|---|
| 1. Northwestern Mutual | Term life Whole life Universal life | 10.6\% |
| 2. New York Life | Term life Whole life Universal life Variable universal life | 7.1\% |
| 3. MassMutual | Term life Whole life Universal life Variable universal life | 6.4\% |
Which private life insurance company has maximum agents?
Reliance Life
Among the private life insurers, data showed that Reliance Life has the maximum number with 1,47,372 agents. This is followed by ICICI Prudential Life Insurance with 1,28,560 agents. Kotak Life Insurance comes third with 99,275 agents.
How many insurance agents and brokers are in the US?
1.2 million insurance agents
Number of insurance agents, brokers and service personnel in the U.S. 1960-2018. In 2018, there were approximately 1.2 million insurance agents, brokers and service employees in the United States.
How many insurance agents are there in the US in 2021?
Insurance Brokers & Agencies in the US – Number of Businesses
| Year | Value |
|---|---|
| Feb 1, 2018 | 413,295 |
| Feb 1, 2019 | 410,963 |
| Feb 1, 2020 | 417,340 |
| Feb 1, 2021 | 422,688 |
How many property and casualty insurance agents are there in the US?
In 2020, there were approximately 665,900 people employed in the property and casualty insurance industry in the United States.
Who took over Golden State Mutual Life Insurance?
IA American Life Insurance Company
This occurred after six consecutive years of net operating losses. As the result, the state ordered that Golden State Mutual’s policies be taken over by IA American Life Insurance Company.