Industry Description
This industry comprises establishments primarily engaged in acting as agents (i.e., brokers) in selling annuities and insurance policies.
Cross-References.
Business Examples
Common types of business activities within NAICS 524210 - Insurance Agencies and Brokerages are:
- Brokerages, insurance
- Insurance agencies
- Agencies, insurance
- Brokers' offices, insurance
- Insurance brokerages
- Life insurance agencies
IBISWorld Industry Research Report
Insurance Brokers & Agencies in the US (52421)
Revenue 2025
$261.7bn
Growth 2025
0.61%
Key Trends
Despite rising premium prices, consumer have not decreased their consumption of insurance products
Although COVID-19 harmed consumer demand, the impact on revenue growth was minimal
Positive economic developments bode well for industry growth
Products and Services
Similar Industries
For some business types, there may be a similar industry to 524210 - Insurance Agencies and Brokerages that is a better classification match. Establishments primarily engaged in:
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NAICS Cross Reference
Establishments primarily engaged in underwriting annuities and insurance policies are classified in Industry Group 5241, Insurance Carriers.
IBISWorld industry research report
NAICS Hierarchy 524210 - Insurance Agencies and Brokerages
NAICS Code 524210 - Insurance Agencies and Brokerages sits in the 2-digit Insurance Agencies and Brokerages sector. NAICS codes can be 2- to 6-digits and the further along the hierarchy, the more detailed and specific the category will be. Learn more about the structure of NAICS codes
2 Digits: 52
Sector Title: Finance and Insurance
3 Digits 4 Digits 5 Digits 6 Digits
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5211 Monetary Authorities-Central Bank
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52111 Monetary Authorities-Central Bank
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5221 Depository Credit Intermediation
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52211 Commercial Banking
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52212 Savings Institutions
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52213 Credit Unions
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52219 Other Depository Credit Intermediation
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5222 Nondepository Credit Intermediation
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52221 Credit Card Issuing
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52222 Sales Financing
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52229 Other Nondepository Credit Intermediation
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5223 Activities Related to Credit Intermediation
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52231 Mortgage and Nonmortgage Loan Brokers
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52232 Financial Transactions Processing, Reserve, and Clearinghouse Activities
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52239 Other Activities Related to Credit Intermediation
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5231 Securities and Commodity Contracts Intermediation and Brokerage
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52311 Investment Banking and Securities Dealing
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52312 Securities Brokerage
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52313 Commodity Contracts Dealing
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52314 Commodity Contracts Brokerage
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5232 Securities and Commodity Exchanges
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52321 Securities and Commodity Exchanges
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5239 Other Financial Investment Activities
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52391 Miscellaneous Intermediation
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52392 Portfolio Management
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52393 Investment Advice
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52399 All Other Financial Investment Activities
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5241 Insurance Carriers
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52411 Direct Life, Health, and Medical Insurance Carriers
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52412 Direct Insurance (except Life, Health, and Medical) Carriers
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52413 Reinsurance Carriers
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5242 Agencies, Brokerages, and Other Insurance Related Activities
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52421 Insurance Agencies and Brokerages
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52429 Other Insurance Related Activities
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5251 Insurance and Employee Benefit Funds
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52511 Pension Funds
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52512 Health and Welfare Funds
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52519 Other Insurance Funds
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5259 Other Investment Pools and Funds
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52591 Open-End Investment Funds
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52592 Trusts, Estates, and Agency Accounts
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52599 Other Financial Vehicles
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Similar Industries Niche and Emerging
IBISWorld provides research on hundreds of niche and emerging industries, including the following for 524210 - Insurance Agencies and Brokerages.
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