Did You Know?
Connecticut remains a hub for innovation and industry leadership, proudly home to the highest concentration of actuaries in the U.S. and contributing $21.1 billion annually to the state’s GDP through its insurance sector. With a rich legacy and forward-thinking initiatives, Connecticut continues to lead in InsurTech, sustainability, and workforce excellence.
Keeping Connecticut at Work
“Connecticut has deep roots in the insurance industry,” says Michael Klein, Executive Vice President and President of Personal Insurance at Travelers. “With a unique combination of insurers, InsurTechs, and top talent, the state is dedicated to advancing the industry and meeting the evolving needs of businesses and consumers.”
Over 70,000 professionals are employed in Connecticut’s insurance sector, contributing $21.1 billion annually to the state’s GDP and solidifying its position as the Insurance Capital of the World.
The Value We Create in the Labor Market
Connecticut’s insurance industry drives significant economic growth, where every new job in the sector generates 4.4 additional jobs across the state’s economy. With a high concentration of insurance companies, Hartford and Connecticut offer unmatched opportunities for startups, insurers, and businesses looking to thrive in a market that understands the evolving world of insurance and financial services.
We Lead Insurance in GSP
Connecticut is a powerhouse in insurance, leading the nation with the #1 U.S. rank for insurance’s contribution to Gross State Product (GSP) at $22.3 billion annually. This success is driven by innovation across InsurTech, Life, Annuity, Retirement, and Employee Benefits sectors, alongside a steadfast foundation in Property & Casualty and Healthcare.
The state’s unique combination of industry expertise and forward-thinking leadership ensures its continued dominance as the Insurance Capital of the World.
