A Firm Foundation: How Insurance Supports the Economy

Careers and employment

The insurance industry is a major U.S. employer, providing some 2.9 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 or insuremypath.org.

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Insurance compared with other industries

The insurance industry employed 2.8 million people in 2019, accounting for about 26 percent of the workforce in the U.S. financial activities sector, according to the Current Population Survey from the U.S. Department of Labor.

Employment By Industry, 2020


Industry Employees (000)
Total, all industries 147,795
Agriculture, forestry, fishing, and hunting 2,349
Mining, quarrying, and oil and gas extraction 684
Construction 10,786
Manufacturing  14,550
Wholesale and retail trade 18,989
Transportation and utilities 8,552
Information 2,594
Financial activities 10,646
     Insurance carriers and related activities 2,764
Professional and business services 18,816
Education and health services 34,105
Leisure and hospitality 11,480
Other services 6,742
Public administration 7,501

Source: Bureau of Labor Statistics, Current Population Survey (CPS).

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