Statistics on the Insurance Industry in the United States by Employment

 Statistics on the Insurance Industry in the United States by Employment

 Many Americans rely on the insurance industry in the United States for both employment and the protection of their property.
Here are the facts about insurance industry employment in the United States:


The insurance industry in the United States employs 2.86 million people.


The number of people employed in the insurance industry in the United States has steadily increased over time.
There were 2.54 million employees in 2015, which means that the number of employees increased by 12.6% in five years.


The unemployment rate in the insurance industry in the United States is 56.9% lower than the national rate.

The Insurance industry had a 2.5% unemployment rate as of May 2021. Despite the fact that this was a slight increase at the time, it was still significantly lower than the national unemployment rate of 5.8%.

The average annual salary in the Insurance industry is $67,421.

However, the salary of an insurance worker can vary greatly depending on factors such as job category, location, required experience, education, and more. With that in mind, an insurance employee's salary can range from $22,500 to $143,500.



When the COVID-19 Pandemic began in April 2020, the insurance industry's unemployment rate rose to 3.9%.

 Unemployment in the Insurance industry tripled from 1% to 3.9% between February and April 2020. However, this was still significantly lower than the national unemployment rate, which reached 14.7%.

Sixty-four percent of insurers are concerned about rising labour costs.

This is causing many people to be concerned about quality standards and customer experience, as 48% believe that a lack of skills will have an impact on these essentials.

Only 4% of Millennials are interested in working in the insurance industry.

A concerning trend for the industry, as Millennials now account for 75% of the global workforce. Indeed, experts predict that up to 25% of insurance professionals will retire within the next three years, leaving no one to take their place.