Insurance Industry Description
The insurance industry in Hawaii is a vital component of the state's economy. It is regulated by the Hawaii Department of Commerce and Consumer Affairs, Insurance Division. The industry provides a range of insurance products, including auto, home, health, life, and business insurance. Hawaii has a unique insurance market due to its isolation and vulnerability to natural disasters such as hurricanes and earthquakes. As a result, insurance rates in Hawaii tend to be higher than in other states. The state also has a no-fault auto insurance system, which requires drivers to carry personal injury protection coverage. In recent years, the industry has faced challenges such as rising healthcare costs and the impact of climate change on insurance rates. Despite these challenges, the insurance industry in Hawaii continues to play a critical role in protecting individuals and businesses from financial risks.
52
COMPANIES
4.59 Billion
TOTAL VALUE
Related Industries
Avg Salary in Insurance
$92,142
AVG SALARY
Top Companies
COMPANY NAME | INDUSTRY | LOCATION | REVENUE | EMPLOYEES |
---|---|---|---|---|
United States, Hawaii |
1 Billion and Over |
1001-5000 |
||
United States, Hawaii |
10 Million to 25 Million |
10001+ |
||
United States, Hawaii |
10 Million to 25 Million |
10001+ |
||
United States, Hawaii |
1 Billion and Over |
51-200 |
||
United States, Hawaii |
100 Million to 250 Million |
201-500 |
||
United States, Hawaii |
50 Million to 100 Million |
201-500 |
||
United States, Hawaii |
100 Million to 250 Million |
51-200 |
||
United States, Hawaii |
5 Million to 10 Million |
1001-5000 |
||
United States, Hawaii |
5 Million to 10 Million |
1001-5000 |
||
United States, Hawaii |
50 Million to 100 Million |
51-200 |
Segmentation by Revenue
Industry + State Overview
The banking and finance industry in Hawaii plays a crucial role in the state's economy. It encompasses a wide range of financial institutions, including commercial banks, credit unions, and investment firms. These institutions provide essential services such as deposit-taking, lending, and investment management to individuals, businesses, and government entities in Hawaii. Hawaii's banking sector is dominated by both local and national banks, with the largest ones having a significant presence on the islands. These banks offer a comprehensive range of financial products and services, including checking and savings accounts, loans, mortgages, and credit cards. They also provide specialized services tailored to the unique needs of the local population, such as home loans for native Hawaiians and programs to support small businesses. Credit unions also play a significant role in Hawaii's financial landscape. These member-owned financial cooperatives offer similar services to banks bu...
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FAQs
1
What are the top 3 Insurance companies in Hawaii?
The top Insurance companies in Hawaii are HMSA, Mutual Underwriters and Monarch Insurance Services, Inc.. To view a full list of companies in this industry, please sign in to CIENCE GO Data.
2
How are these Insurance companies ranked in Hawaii?
The companies are ranked based on factors such as revenue, workforce (employee count), and regional location.
3
How many Insurance companies are headquartered in Hawaii?
There are approximately 52 of Insurance companies in the US according to the latest CIENCE data.
4
What is the economic impact of the Insurance in Hawaii?
The median revenue for Insurance companies in the US is 17500000.
5
Is the Hawaii region known for its Insurance sector?
Yes, the Insurance industry in Hawaii is known for Insurance as there are 52 companies in Hawaii.
6
What is the average revenue of Insurance companies in Hawaii?
The average revenue for Insurance companies in Hawaii is 88221154.
7
How can I find job opportunities in the Insurance in Hawaii?
You can find job opportunities in the Insurance in Hawaii through online job portals, company websites, and industry-specific job fairs. Each company listed in the CIENCE database includes known company phone numbers and website information.
8
Where are other Insurance companies located?
The overall Insurance industry main page is found here.
FAQs
The top Insurance companies in Hawaii are HMSA, Mutual Underwriters and Monarch Insurance Services, Inc.. To view a full list of companies in this industry, please sign in to CIENCE GO Data.
The companies are ranked based on factors such as revenue, workforce (employee count), and regional location.
There are approximately 52 of Insurance companies in the US according to the latest CIENCE data.
The median revenue for Insurance companies in the US is 17500000.
Yes, the Insurance industry in Hawaii is known for Insurance as there are 52 companies in Hawaii.
The average revenue for Insurance companies in Hawaii is 88221154.
You can find job opportunities in the Insurance in Hawaii through online job portals, company websites, and industry-specific job fairs. Each company listed in the CIENCE database includes known company phone numbers and website information.
The overall Insurance industry main page is found here.
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