Employment

CAREERS AND 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

Employment In Insurance, 1999-2008

EMPLOYMENT IN INSURANCE, 1999-2008 (Annual averages, 000)

  Insurance carriers      Insurance agencies, brokerages and related services      
  Direct insurers (1)                
 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)

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

787.4

597.4

28.0

1,412.8

659.9

230.9

890.8

2,303.7

47.8

2007

784.0

586.1

27.0

1,397.1

675.3

234.5

909.8

2,306.8

48.6

2008

804.2

569.2

28.4

1,401.8

670.1

236.9

907.0

2,308.8

49.2

(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.