Insurance Industry Description
The insurance industry in New Jersey is a significant contributor to the state's economy. It is regulated by the New Jersey Department of Banking and Insurance, which oversees the licensing and regulation of insurance companies, agents, and brokers operating in the state. The industry is diverse, with a range of insurance products available, including auto, home, health, life, and business insurance. New Jersey is home to several large insurance companies, including Prudential Financial, which is headquartered in Newark. The state also has a robust market for health insurance, with several major carriers offering plans on the state's health insurance exchange. In recent years, the industry has faced challenges related to rising healthcare costs and increased competition from new entrants into the market. However, the industry remains an important part of the state's economy, providing jobs and financial security to millions of New Jersey residents.
674
COMPANIES
39.3 Billion
TOTAL VALUE
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Related Industries
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Avg Salary in Insurance
$106,511
AVG SALARY
Top Companies
| COMPANY NAME | INDUSTRY | LOCATION | REVENUE | EMPLOYEES |
|---|---|---|---|---|
|
United States, New Jersey |
1 Billion and Over |
10001+ |
||
|
United States, New Jersey |
1 Billion and Over |
5001-10000 |
||
|
United States, New Jersey |
1 Billion and Over |
5001-10000 |
||
|
United States, New Jersey |
250 Million to 500 Million |
10001+ |
||
|
United States, New Jersey |
250 Million to 500 Million |
5001-10000 |
||
|
United States, New Jersey |
1 Billion and Over |
1001-5000 |
||
|
United States, New Jersey |
1 Billion and Over |
1001-5000 |
||
|
United States, New Jersey |
500 Million to 1 Billion |
1001-5000 |
||
|
United States, New Jersey |
1 Billion and Over |
501-1000 |
||
|
United States, New Jersey |
250 Million to 500 Million |
1001-5000 |
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Segmentation by Revenue
Industry + State Overview
The banking and finance industry in New Jersey is a crucial sector that plays a significant role in the state's economy. It encompasses a wide range of financial institutions, including commercial banks, investment banks, credit unions, and insurance companies. New Jersey is home to several major banks and financial institutions, such as JPMorgan Chase, Bank of America, and Wells Fargo, which have a significant presence in the state. These institutions provide a wide array of financial services, including personal and business banking, wealth management, and investment advisory services. The banking and finance industry in New Jersey is highly regulated by both state and federal authorities to ensure the stability and integrity of the financial system. The New Jersey Department of Banking and Insurance oversees the licensing and regulation of financial institutions operating in the state, while federal agencies like the Office of the Comptroller of the Currency and the Federal Re...
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FAQs
1
What are the top 3 Insurance companies in New Jersey?
The top Insurance companies in New Jersey are Prudential Financial, Horizon Blue Cross Blue Shield of New Jersey and ISO. 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 New Jersey?
The companies are ranked based on factors such as revenue, workforce (employee count), and regional location.
3
How many Insurance companies are headquartered in New Jersey?
There are approximately 674 of Insurance companies in the US according to the latest CIENCE data.
4
What is the economic impact of the Insurance in New Jersey?
The median revenue for Insurance companies in the US is 2500000.
5
Is the New Jersey region known for its Insurance sector?
Yes, the Insurance industry in New Jersey is known for Insurance as there are 674 companies in New Jersey.
6
What is the average revenue of Insurance companies in New Jersey?
The average revenue for Insurance companies in New Jersey is 58327151.
7
How can I find job opportunities in the Insurance in New Jersey?
You can find job opportunities in the Insurance in New Jersey 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 New Jersey are Prudential Financial, Horizon Blue Cross Blue Shield of New Jersey and ISO. 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 674 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 New Jersey is known for Insurance as there are 674 companies in New Jersey.
The average revenue for Insurance companies in New Jersey is 58327151.
You can find job opportunities in the Insurance in New Jersey 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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