This economic impact study shows the statewide economic contributions of Michigan’s vital insurance sector. The report shows the insurance industry as a whole provides an annual $37.1 billion in spending, 114,000 jobs, and $6.3 billion in earnings throughout Michigan. Multiple large insurance providers are headquartered in Michigan, adding tremendous value to the state’s economy.
An engaging infographic highlighting key findings of the Economic Impact of Michigan’s Insurance Industry 2016 report. Michigan’s insurance industry is investing in the future of Michigan.
Discover key facts for 2017 on the life insurance industry in Michigan including these facts about life insurance related jobs in michigan.
- The life insurance industry generates approximately 43,800 jobs in Michigan, including 18,700 direct employees and 25,100 non-insurance jobs.
- 448 life insurers are licensed to do business in Michigan and 19 are domiciled in the state.
Get the facts on the American Council of Life Insurers infographic of the life insurance industry across the U.S. The information is based on data provided by the National Association of Insurance Commissioners.
The National Association of Insurance Commissioners (NAIC) released two sets of data on March 1, 2017 on life/fraternal and property/casualty insurers. The reports provide market share information indicating the degree of market concentration in lines of business and identify leading insurance writers.