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Finance and Insurance

The Finance and Insurance engages in financial transactions  (transactions involving the creation, liquidation, or change in ownership of financial assets) and/or facilitating financial transactions. Three types of activities are identified:

1. Raising funds by taking deposits and/or issuing securities and, in the process, incurring liabilities.

2. Pooling of risk by underwriting insurance and annuities.

3. Providing specialized services that facilitate or support financial intermediation, insurance, and employee benefit programs.

The Finance and Insurance industry subsectors in high-demand in the Houston-Galveston area are:

  • Insurance Agencies & Brokerages

 Industry 

 Annual
 Employment

 Absolute Change

 Percent Change

 Average Weekly Wages

 2014

 2024

 Finance and Insurance

 18,170

 22,940

 4,770

 27.4%

 

Insurance Agencies & Brokerages

18,170

22,940

4,770

27.4%

$1,566

 


*Includes the following counties: Austin, Brazoria, Chambers, Colorado, Fort Bend,
Galveston, Harris, Liberty, Matagorda, Montgomery, Walker, Waller, and Wharton.

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