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

Hartford is Nicknamed "The Insurance Capital of the World"
70,396 Skilled Employees at more than 1,400 Insurance Companies (PwC, 2020)
#1 Highest Concentration of Actuaries (U.S. Bureau of Labor Statistics, 2021)
$193 billion in Premiums Written by Connecticut Domestic and Non-Domestic Insurers (CT Insurance Department, 2020)
$22.3 billion in GSP Generated by Connecticut Insurance Carriers (PwC, 2020)
#3 in the U.S. for Direct Written Premiums (PwC, 2020)
#1 in the U.S. for New Captive Insurance Company Formation (Captive Review, 2021)
#1 Domicile in Net Captive Insurance Percentage Growth (Captive Review, 2021)