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.

The insurance industry and employment

The number of the U.S. insurance brokers, agents and service employees has remained relatively stable during the difficult period that followed the recession of 2008 and the period of financial insecurity that ensued, and, to some extent, remains to this day. This is consistent with the general acceptance of the fact that the insurance industry is fairly recession-proof. Insurance companies tend to be conservative in a fiscal sense, and regardless of what the economy is doing, people need insurance. A further benefit which allows insurance companies a relatively high level of independence is the fact that they are generally mutual insurance companies, which answer to policy holders rather than to Wall Street.

This is not to say, however, that the industry is immune to the effects of the economic situation around it. If gas prices rise, for example, consumers may decide not to buy the second car they had been thinking about, or the house extension they had been planning. This, in turn, means fewer policies sold by the insurance companies. At the same time, crime levels generally tend to rise in a period of recession, meaning higher claims made and higher payouts made by the insurance company.

The economic situation and the insurance industry are reliant on one another and both require each other in one way or another for prosperity and stability. People may not think of the insurance industry as the most glamorous opportunity for employment, but employment levels have been steadily rising in the industry.

Number of agents, brokers and service employees in the insurance industry in the United States from 1960 to 2018

Number of employees in thousands
20181,168.9
20171,142.9
20161,105
20151,071.8
20141,017.1
2013955.8
2012931.8
2011910.3
2010895.5
2009907.4
2008929.6
2007930.5
2006911.4
2005893.2
2004879.2
2003856.2
2002839.4
2001823
2000806.8
1990677.8
1980463.8
1970288
1960217.3
Loading statistic...
You need to log in to download this statistic
Register for free
Already a member?
Log in
Show detailed source information?
Register for free
Already a member?
Log in
Sources

Release date

October 2019

Region

United States

Survey time period

1960 to 2018

Supplementary notes

Figures comprise only those on the payroll of insurers that participate in the unemployment insurance program.

Statista Accounts: Access All Statistics. Starting from $708 / Year
Basic Account
Get to know the platform

You only have access to basic statistics.

Single Account
Your perfect start with Statista
  • Instant access to 1m statistics
  • Download in XLS, PDF & PNG format
  • Detailed references

$59 / Month *

Corporate Account
Full access

Corporate solution including all features.

* All products require an annual contract.
   Prices do not include sales tax.

Statistics on "Insurance industry in the United States"

Further Content: You might find this interesting as well

Statista Accounts: Access All Statistics. Starting from $708 / Year
Learn more about how Statista can support your business.