Insurance Industry Description
The insurance industry in Maryland is a significant contributor to the state's economy. The industry provides a range of insurance products, including auto, home, health, life, and business insurance. Maryland has a competitive insurance market, with many national and regional insurance companies operating in the state. The state's insurance industry is regulated by the Maryland Insurance Administration, which oversees insurance companies' operations and ensures that they comply with state laws and regulations. The insurance industry in Maryland has been growing steadily over the years, with the state's insurance premiums reaching $14.5 billion in 2019. The industry employs thousands of people in the state, with many insurance companies headquartered in Maryland. The state's insurance industry has also been impacted by the COVID-19 pandemic, with many insurers offering relief measures to policyholders affected by the pandemic. Overall, the insurance industry in Maryland plays a vita...
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367
COMPANIES
21.2 Billion
TOTAL VALUE
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Related Industries
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Avg Salary in Insurance
$82,126
AVG SALARY
Top Companies
| COMPANY NAME | INDUSTRY | LOCATION | REVENUE | EMPLOYEES |
|---|---|---|---|---|
|
United States, Maryland |
1 Billion and Over |
10001+ |
||
|
United States, Maryland |
1 Billion and Over |
5001-10000 |
||
|
United States, Maryland |
500 Million to 1 Billion |
5001-10000 |
||
|
United States, Maryland |
1 Billion and Over |
501-1000 |
||
|
United States, Maryland |
500 Million to 1 Billion |
501-1000 |
||
|
United States, Maryland |
250 Million to 500 Million |
1001-5000 |
||
|
United States, Maryland |
250 Million to 500 Million |
1001-5000 |
||
|
United States, Maryland |
250 Million to 500 Million |
1001-5000 |
||
|
United States, Maryland |
25 Million to 50 Million |
10001+ |
||
|
United States, Maryland |
1 Billion and Over |
201-500 |
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Segmentation by Revenue
Industry + State Overview
The banking and finance industry in Maryland is a significant contributor to the state's economy. It encompasses a wide range of financial institutions, including commercial banks, credit unions, investment banks, and insurance companies. Maryland's strategic location, proximity to major financial centers like Washington D.C., and a highly educated workforce have played a crucial role in the growth and development of this industry. Commercial banks form the backbone of the banking sector in Maryland, providing a wide array of financial services to individuals, businesses, and government entities. These banks offer various products such as checking and savings accounts, loans, mortgages, and investment services. Some of the prominent commercial banks operating in Maryland include Bank of America, PNC Bank, and M&T Bank. Credit unions also play a significant role in the state's financial landscape. These member-owned financial cooperatives offer similar services to commercial banks ...
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FAQs
1
What are the top 3 Insurance companies in Maryland?
The top Insurance companies in Maryland are GEICO, The Meltzer Group and Allianz Trade. 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 Maryland?
The companies are ranked based on factors such as revenue, workforce (employee count), and regional location.
3
How many Insurance companies are headquartered in Maryland?
There are approximately 367 of Insurance companies in the US according to the latest CIENCE data.
4
What is the economic impact of the Insurance in Maryland?
The median revenue for Insurance companies in the US is 2500000.
5
Is the Maryland region known for its Insurance sector?
Yes, the Insurance industry in Maryland is known for Insurance as there are 367 companies in Maryland.
6
What is the average revenue of Insurance companies in Maryland?
The average revenue for Insurance companies in Maryland is 57713896.
7
How can I find job opportunities in the Insurance in Maryland?
You can find job opportunities in the Insurance in Maryland 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 Maryland are GEICO, The Meltzer Group and Allianz Trade. 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 367 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 Maryland is known for Insurance as there are 367 companies in Maryland.
The average revenue for Insurance companies in Maryland is 57713896.
You can find job opportunities in the Insurance in Maryland 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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