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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:

  • Other Financial Investment Activities
  • Agencies, Brokerages, & Other Insurance Related Activities
  • Activites Related to Real Estate

 Industry 

 Annual
 Employment

 Absolute Change

 Percent Change

 Average Weekly Wages

 2016

 2026

 Finance and Insurance

 44,512

 53,227

 8,715

 19.6%

 

Other Financial Investment Activities

11,170

13,523

2,353

21.1%

$4,206

Activities Related to Real Estate

13,340

16,406

3,066

23.0%

$1,098

Agencies, Brokerages, & Other Insurance Related Activities

20,002

23,298

3,296

16.5%

$1,620

 


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

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