Insurance Industry Description
The insurance industry in Massachusetts is a significant contributor to the state's economy. The industry includes a wide range of insurance products, such as auto, home, health, life, and commercial insurance. Massachusetts is home to several large insurance companies, including Liberty Mutual, The Hanover Insurance Group, and Arbella Insurance Group. These companies employ thousands of people and generate billions of dollars in revenue each year. The state of Massachusetts has a well-regulated insurance market, with the Massachusetts Division of Insurance overseeing the industry. The division is responsible for ensuring that insurance companies comply with state laws and regulations, and that consumers are protected from unfair practices. One notable aspect of the insurance industry in Massachusetts is the state's auto insurance system. Massachusetts is one of only a few states that operates under a "managed competition" system, which allows insurance companies to set their own ...
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632
COMPANIES
37.1 Billion
TOTAL VALUE
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Related Industries
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Avg Salary in Insurance
$104,286
AVG SALARY
Top Companies
| COMPANY NAME | INDUSTRY | LOCATION | REVENUE | EMPLOYEES |
|---|---|---|---|---|
|
United States, Massachusetts |
1 Billion and Over |
10001+ |
||
|
United States, Massachusetts |
1 Billion and Over |
5001-10000 |
||
|
United States, Massachusetts |
250 Million to 500 Million |
10001+ |
||
|
United States, Massachusetts |
1 Billion and Over |
1001-5000 |
||
|
United States, Massachusetts |
500 Million to 1 Billion |
1001-5000 |
||
|
United States, Massachusetts |
50 Million to 100 Million |
10001+ |
||
|
United States, Massachusetts |
50 Million to 100 Million |
10001+ |
||
|
United States, Massachusetts |
1 Billion and Over |
501-1000 |
||
|
United States, Massachusetts |
250 Million to 500 Million |
1001-5000 |
||
|
United States, Massachusetts |
250 Million to 500 Million |
1001-5000 |
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Segmentation by Revenue
Industry + State Overview
The banking and finance industry in Massachusetts is a crucial sector that plays a significant role in the state's economy. Massachusetts is home to numerous banks, financial institutions, and investment firms, making it a hub for financial activities. The industry encompasses a wide range of services, including commercial banking, investment banking, asset management, insurance, and financial technology. Commercial banking is a key component of the industry, with several major banks headquartered in Massachusetts. These banks provide a variety of services to individuals, small businesses, and large corporations, including deposit accounts, loans, mortgages, and credit cards. They also play a vital role in facilitating economic growth by providing capital to businesses for expansion and investment. Investment banking is another important aspect of the industry, with many prominent investment firms operating in Massachusetts. These firms offer services such as underwriting securiti...
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FAQs
1
What are the top 3 Insurance companies in Massachusetts?
The top Insurance companies in Massachusetts are Liberty Mutual Insurance, The Hanover Insurance Group and Mapfre U.S.A. Corp.. 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 Massachusetts?
The companies are ranked based on factors such as revenue, workforce (employee count), and regional location.
3
How many Insurance companies are headquartered in Massachusetts?
There are approximately 632 of Insurance companies in the US according to the latest CIENCE data.
4
What is the economic impact of the Insurance in Massachusetts?
The median revenue for Insurance companies in the US is 7500000.
5
Is the Massachusetts region known for its Insurance sector?
Yes, the Insurance industry in Massachusetts is known for Insurance as there are 632 companies in Massachusetts.
6
What is the average revenue of Insurance companies in Massachusetts?
The average revenue for Insurance companies in Massachusetts is 58655854.
7
How can I find job opportunities in the Insurance in Massachusetts?
You can find job opportunities in the Insurance in Massachusetts 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 Massachusetts are Liberty Mutual Insurance, The Hanover Insurance Group and Mapfre U.S.A. Corp.. 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 632 of Insurance companies in the US according to the latest CIENCE data.
The median revenue for Insurance companies in the US is 7500000.
Yes, the Insurance industry in Massachusetts is known for Insurance as there are 632 companies in Massachusetts.
The average revenue for Insurance companies in Massachusetts is 58655854.
You can find job opportunities in the Insurance in Massachusetts 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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