Insurance Industry Description
The insurance industry in Michigan is a significant contributor to the state's economy. The industry provides a range of insurance products, including auto, home, health, and life insurance. Michigan is home to several large insurance companies, including Blue Cross Blue Shield of Michigan, which is the largest health insurer in the state. The auto insurance industry is also significant in Michigan, with several companies offering coverage to drivers. The state has unique auto insurance laws that require drivers to carry personal injury protection (PIP) coverage, which can impact insurance rates. Additionally, Michigan has a high rate of uninsured drivers, which can also impact insurance costs. The insurance industry in Michigan is regulated by the Michigan Department of Insurance and Financial Services, which oversees licensing, consumer protection, and market conduct. Overall, the insurance industry plays a vital role in Michigan's economy and provides essential protection to resi...
Read More
715
COMPANIES
36.2 Billion
TOTAL VALUE
Get Full Access
Related Industries
Get Full Access
Avg Salary in Insurance
$82,569
AVG SALARY
Top Companies
| COMPANY NAME | INDUSTRY | LOCATION | REVENUE | EMPLOYEES |
|---|---|---|---|---|
|
United States, Michigan |
1 Billion and Over |
5001-10000 |
||
|
United States, Michigan |
1 Billion and Over |
5001-10000 |
||
|
United States, Michigan |
500 Million to 1 Billion |
1001-5000 |
||
|
United States, Michigan |
250 Million to 500 Million |
1001-5000 |
||
|
United States, Michigan |
250 Million to 500 Million |
1001-5000 |
||
|
United States, Michigan |
250 Million to 500 Million |
1001-5000 |
||
|
United States, Michigan |
250 Million to 500 Million |
1001-5000 |
||
|
United States, Michigan |
250 Million to 500 Million |
1001-5000 |
||
|
United States, Michigan |
250 Million to 500 Million |
1001-5000 |
||
|
United States, Michigan |
25 Million to 50 Million |
10001+ |
Get Full Access
Segmentation by Revenue
Industry + State Overview
The banking and finance industry in Michigan plays a crucial role in the state's economy. It encompasses a wide range of financial institutions, including commercial banks, credit unions, investment firms, and insurance companies. Michigan's banking sector is well-developed and highly competitive, with numerous national and regional banks operating in the state. These banks provide a range of services, such as personal and business banking, mortgage lending, and wealth management. They play a vital role in facilitating economic growth by providing capital to businesses and individuals. Credit unions also play a significant role in Michigan's financial landscape. These member-owned financial cooperatives offer similar services to banks but often with a focus on serving specific communities or industries. Credit unions in Michigan are known for their customer-centric approach and often offer competitive interest rates and lower fees. The investment industry in Michigan is vibrant,...
Read More
Get Full Access
FAQs
1
What are the top 3 Insurance companies in Michigan?
The top Insurance companies in Michigan are Auto-Owners Insurance, Blue Cross Blue Shield of Michigan and Hagerty. 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 Michigan?
The companies are ranked based on factors such as revenue, workforce (employee count), and regional location.
3
How many Insurance companies are headquartered in Michigan?
There are approximately 715 of Insurance companies in the US according to the latest CIENCE data.
4
What is the economic impact of the Insurance in Michigan?
The median revenue for Insurance companies in the US is 2500000.
5
Is the Michigan region known for its Insurance sector?
Yes, the Insurance industry in Michigan is known for Insurance as there are 715 companies in Michigan.
6
What is the average revenue of Insurance companies in Michigan?
The average revenue for Insurance companies in Michigan is 50628671.
7
How can I find job opportunities in the Insurance in Michigan?
You can find job opportunities in the Insurance in Michigan 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 Michigan are Auto-Owners Insurance, Blue Cross Blue Shield of Michigan and Hagerty. 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 715 of Insurance companies in the US according to the latest CIENCE data.
The median revenue for Insurance companies in the US is 2500000.
Yes, the Insurance industry in Michigan is known for Insurance as there are 715 companies in Michigan.
The average revenue for Insurance companies in Michigan is 50628671.
You can find job opportunities in the Insurance in Michigan 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.
Premium Sales Data for Prospecting
-
Sales data across over 200M records
-
Up-to-date records (less decayed data)
-
Accurate Email Lists (real-world tested)
-
Powerful search engine and intuitive interface
Get Full Access
