Connecticut: The Insurance Capital of the World

Connecticut is the #1 location for the insurance industry in North America. Insurance is one of Connecticut’s longest standing industries and largest employers. There is no market in the world that has an insurance industry cluster like Connecticut. We have a workforce with unparalleled depth and expertise in the industry and a business and regulatory environment that caters specifically to this industry.

Key Advantages

“Number one was a very pro-business attitude exemplified by those in the state government. Second was easy access to intellectual capital, great people with a strong work ethic. Third was access to transportation. We’re only a hop, skip and a jump to major airports and Manhattan.”

– The Navigators Group CEO, Stan Galanski, on relocating their headquarters from New York to Stamford.

Key Facts

  • #1 in the U.S. for insurance employment as a percentage of employment (MetroHartford Alliance)
  • #1 for insurance payroll as a percentage of payroll (PwC & CT Insurance and Financial Services)
  • 70,396 skilled employees
  • #2 highest concentration of actuaries in the U.S. (CT Insurance and Financial Services)
  • $193 billion in premiums written by Connecticut domestic and non-domestic insurers
  • $22.3 billion in gross state product 
  • #3 for Managerial, Professional and Technical Jobs (Information Technology & Innovation Foundation)
  • #1 Digital Economy (Information Technology & Innovation Foundation)
  • #4 in High wage traded services (higher than service industry jobs) (Information Technology & Innovation Foundation)

Support for Connecticut’s Insurance Industry

Connecticut offers a wide range of technical support and business development services for insurance and financial services companies.