Casual young woman using laptop and cellphone on sofa at home dealing with insurance companiesJust a brief glance at the statistics quickly illustrates just how immensely hefty the collective costs of insurance premiums are as a whole. When accounted for across the globe, insurance premiums' total gross value exceeds $5 trillion. In the United States alone, there total number of insurance businesses currently operating is close to 6,000. Of the nearly 6,000 American insurance businesses registered today, over 3,000 of them are in the life & health category.