2015 Connecticut Insurance Market Brief Released

As reported by the HartfordBusiness.com, the 2015 Connecticut Insurance Market Brief is now available. PwC and the Connecticut Insurance and Financial Services (CT IFS) Cluster released the brief, “which focuses on the various disruptive forces that face the insurance sector and how Connecticut insurance companies are leveraging talent, experience and innovation to identify opportunities for growth.”

According to PwC, the report also “provides a summary of events over the past year that continue to shape the Connecticut insurance landscape, emerging trends and executive perspectives, with analysis and findings from CT IFS, PwC, and the Connecticut Economic Resource Center.”

The report shows that insurance continues to be a strong component of the state’s economy and provides the following snapshot of “Insurance in Connecticut by the Numbers:”

• 1,415 domestic and non-domestic insurance carriers
• 57,734 carrier and related full-time employees
• $32.45 billion in direct written premiums
• 2.7% -- employment as a percent of Connecticut employment
• 5.3% -- payroll as a percent of Connecticut payroll
• 5.9% -- the amount the insurance industry contributes to Connecticut’s gross state product

Read the HartfordBusiness.com article: http://www.hartfordbusiness.com/article/20151106/NEWS01/151109934/1004?utm_source=enews&utm_medium=HBJ%2BToday&utm_campaign=Friday

Read the PwC/IFS Report: http://www.pwc.com/us/ctinsurancemkt