The Finance and Insurance sector encompasses establishments that primarily engage in financial transactions, that is, transactions involving the creation, liquidation and change in ownership of financial assets or in facilitating financial transactions. Financial industries are extensive users of electronic means for facilitating the verification of financial balances, authorizing transactions, transferring funds, notifying banks (or credit card issuers) of the individual transactions and providing daily summaries. This sector’s three principal activities are:
LARG Industry Reports
Los Angeles Research Group provides 30 industry reports detailing the Finance and Insurance sector. Each report contains detailed information on output, employment, enterprises, establishments, assets, liabilities and profitability. LARG’s industry reports also provide in-depth information on market share concentrations, business structure (e.g., corporations, sole-proprietorships, partnerships), key economic indicators, supply chain data, debt ratios and new entrant trends, including survivor rates (i.e., percentage of new businesses that last longer than five years).
In addition to LARG’s standardized report information, LARG’s industry reports in the Finance and Insurance sector also provide specialized statistics, including detailed information on loans, credit cards, outsourcing and brokerage. For more information on a particular industry, please click on the appropriate industry below.
Finance & Insurance
The Finance and Insurance sector comprises firms that primarily facilitate or engage in financial transactions involving the creation, liquidation and sale of financial assets. Sector operators include commercial banks, investment banks, private equity firms, insurance companies and hedge funds.