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December 05, 2017 at 01:58 PM
The number of U.S.-owned life insurers operating in the United States fell 2.1% in 2016, to 797, but total U.S. life insurance industry employment increased.
The home office head count increased 5.5%, to 348,300, which is the highest life insurer home office head count recorded since 2010.
The number of life and health agents, brokers and service personnel increased 2.5%, to 1.1 million.
The number of foreign-owned life insurers operating in the United States jumped 9.3%, to 106, thanks to growth in the number of issuers based in Japan and in the Cayman Islands
(Related: ACLI: Our members should be part of the LTC solution)
The American Council of Life Insurers has included those figures in the first chapter of the ACLI 2017 Fact Book, a 186-page life insurance industry encyclopedia.
A copy of the new fact book is available here.
The ACLI team has included updated on topics such as life insurance company assets, the annuities sector, and life expectancy.
