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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

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Avg salary

Avg Salary in Insurance

$92,142

AVG SALARY

top companies

Top Companies

COMPANY NAME INDUSTRY LOCATION REVENUE EMPLOYEES

Insurance

United States, Hawaii

1 Billion and Over

1001-5000

Insurance

United States, Hawaii

10 Million to 25 Million

10001+

Insurance

United States, Hawaii

10 Million to 25 Million

10001+

Insurance

United States, Hawaii

1 Billion and Over

51-200

Insurance

United States, Hawaii

100 Million to 250 Million

201-500

Insurance

United States, Hawaii

50 Million to 100 Million

201-500

Insurance

United States, Hawaii

100 Million to 250 Million

51-200

Insurance

United States, Hawaii

5 Million to 10 Million

1001-5000

Insurance

United States, Hawaii

5 Million to 10 Million

1001-5000

Insurance

United States, Hawaii

50 Million to 100 Million

51-200

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employees

Segmentation by Number of Employees

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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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FAQ

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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