Industry Trends

Sales rose to $223 billion in the first half of 2025, 3% above the first half of 2024 and beating the record previously set in 2024.

While more than 2 in 3 (69%) say the insurance industry is a great place to work and 4 out of 5 (81%) say they are satisfied with their job, high rates of burnout are threatening to dampen job satisfaction, according to Liberty Mutual and Safeco.

As the year unfolds, companies can expect some changes, including new employment regulations they have to navigate. Here are some predictions.

The study looks at the independent agency ecosystem as it gains distance from the pandemic and navigates the obstacles presented by the hard market.

The majority of professionals within the insurance industry remain passionate about the industry itself and about helping the people they serve, according to a Vertafore report.

The survey revealed that 80% of women are responsible for purchasing their household’s insurance coverage.

The latest research by Liberty Mutual and Safeco explores the unique strengths women bring to insurance agencies, as well as what female consumers want and need from agents.

Here are some important general, state and federal trends to watch in 2024.

With 40% of the agency principals surveyed older than 60 years old and 20% older than 65 years old, half of agencies will experience a major change of ownership in the next 10 years, according to the study.

Best Practices agencies continue exceptional organic growth and invest in young producer development, according to the latest study update.