Insurance Industry Description
The insurance industry in South Dakota is a vital component of the state's economy. The industry provides a range of insurance products, including auto, home, health, life, and business insurance. The state's insurance market is regulated by the South Dakota Division of Insurance, which oversees the licensing and regulation of insurance companies, agents, and brokers operating in the state. South Dakota has a relatively small insurance market, with a total of 157 insurance companies operating in the state as of 2020. The largest insurance companies in South Dakota include State Farm, Farmers Insurance, and Progressive. These companies offer a range of insurance products to consumers and businesses in the state. Auto insurance is one of the most common types of insurance in South Dakota, with most drivers required to carry liability insurance. The state also offers a range of other insurance products, including home insurance, health insurance, and life insurance. Business insuranc...
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53
COMPANIES
4.24 Billion
TOTAL VALUE
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Related Industries
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Avg Salary in Insurance
$77,475
AVG SALARY
Top Companies
| COMPANY NAME | INDUSTRY | LOCATION | REVENUE | EMPLOYEES |
|---|---|---|---|---|
|
United States, South Dakota |
1 Billion and Over |
1001-5000 |
||
|
United States, South Dakota |
250 Million to 500 Million |
51-200 |
||
|
United States, South Dakota |
50 Million to 100 Million |
201-500 |
||
|
United States, South Dakota |
1 Billion and Over |
11-50 |
||
|
United States, South Dakota |
250 Million to 500 Million |
11-50 |
||
|
United States, South Dakota |
25 Million to 50 Million |
51-200 |
||
|
United States, South Dakota |
25 Million to 50 Million |
51-200 |
||
|
United States, South Dakota |
25 Million to 50 Million |
51-200 |
||
|
United States, South Dakota |
1 Billion and Over |
1-10 |
||
|
United States, South Dakota |
10 Million to 25 Million |
51-200 |
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Segmentation by Revenue
Industry + State Overview
The banking and finance industry in South Dakota plays a crucial role in the state's economy. With a strong presence of both national and regional banks, South Dakota has established itself as a prominent financial hub. The industry encompasses a wide range of services, including commercial banking, investment banking, insurance, and asset management. South Dakota's favorable business climate, low taxes, and regulatory environment have attracted numerous financial institutions to establish their operations in the state. The industry contributes significantly to job creation and economic growth, providing employment opportunities to thousands of individuals across various sectors. Additionally, the banking and finance industry in South Dakota has been instrumental in supporting local businesses and entrepreneurs by providing access to capital and financial services. The state's well-developed banking infrastructure, coupled with its commitment to innovation and technology, has enable...
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FAQs
1
What are the top 3 Insurance companies in South Dakota?
The top Insurance companies in South Dakota are Midland National Life Insurance Company, RAS and Sanford Health Plan. 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 South Dakota?
The companies are ranked based on factors such as revenue, workforce (employee count), and regional location.
3
How many Insurance companies are headquartered in South Dakota?
There are approximately 53 of Insurance companies in the US according to the latest CIENCE data.
4
What is the economic impact of the Insurance in South Dakota?
The median revenue for Insurance companies in the US is 2500000.
5
Is the South Dakota region known for its Insurance sector?
Yes, the Insurance industry in South Dakota is known for Insurance as there are 53 companies in South Dakota.
6
What is the average revenue of Insurance companies in South Dakota?
The average revenue for Insurance companies in South Dakota is 79971698.
7
How can I find job opportunities in the Insurance in South Dakota?
You can find job opportunities in the Insurance in South Dakota 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 South Dakota are Midland National Life Insurance Company, RAS and Sanford Health Plan. 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 53 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 South Dakota is known for Insurance as there are 53 companies in South Dakota.
The average revenue for Insurance companies in South Dakota is 79971698.
You can find job opportunities in the Insurance in South Dakota 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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