How Big Is The Insurance Industry In The U.S.? 50+ Stats!

How Many People Does The U.S. Insurance Industry Employ?

According to the US Department of Labor, the insurance industry employed 2.9 million people in 2020. Of those, 1.7 million worked for insurance companies, including life and health insurers (962,500 workers), P/C insurers (665,900 workers) and reinsurers (27,300 employees). The remaining 1.2 million individuals worked for insurance agencies, brokers and other insurance-related businesses.

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