specialty insurance specialty insurance
S P ECIALTY INSU R A N CE
S P E C I A LT Y I N S U R A N C E C A P I TA L O F T H E C O U N T R Y
Photo: Ash Brokerage
Northeast Indiana is a founding place for successful insurance companies fueled by innovative product lines. From the beginning, our region has been home to an expanding specialty insurance industry. TA X R AT E
WORKFORCE
Indiana lowered its premium tax rate to 1.3% to minimize domestic retaliatory tax exposure when doing business in other states.
Northeast Indiana’s specialty insurance industry employs more than 6,000 professionals.
E M P L OY M E N T C O N C E N T R AT I O N Jobs in the insurance field account for 54% of all jobs in the finance and insurance industry in Northeast Indiana, compared to 39% for the United States.
C O R P O R AT E TA X E S Indiana’s corporate income tax rate will be reduced to 4.9% by 2021, which would make Indiana’s the second-lowest corporate tax rate of any state levying the tax.
M A J O R O C C U PAT I O N S
36%
Administration and Customer Service
17% Sales
9%
Computer and Math
Together, these critical occupation areas account for over 60% of the specialty insurance workforce.
Photo: Brotherhood Mutual
THE 11 COUNTIES OF NORTHEAST INDIANA
ADAMS >> ALLEN >> DEKALB >> HUNTINGTON >> KOSCIUSKO >> LAGRANGE >> NOBLE >> STEUBEN >> WABASH >> WELLS >> WHITLEY
S P ECIALTY INSU R A N CE
TA L E N T P I P E L I N E T H AT M E E T S YO U R N E E D S
By coupling our certified training programs with higher-education degrees specific to the insurance sector, we work to ensure that your company has the talent it needs to do business.
1
st
18
8
C O L L A B O R AT I O N The University of Saint Francis in Fort Wayne, in collaboration with specialty insurance industry leaders, launched the region’s first bachelor-level degree in the field of risk management and insurance.
H I G H E R E D U C AT I O N
1,500
With 18 colleges and universities in Northeast Indiana and an enrollment of over 43,000 students, an educated workforce is available, qualified, and ready.
STEM PROGRAMS The Fort Wayne area invests in education that prepares students for college. Currently, the region has eight STEM-focused New Tech schools.
DEGREES EARNED Annually, more than 1,500 regional students receive degrees in business or receive their MBAs, with an additional 500 students receiving associate degrees or certifications in business.
MAJOR EMPLOYERS COMPANY
EMPLOYMENT*
PRODUCT
Lincoln Financial Group
Insurance Products
MedPro Group
Primary Medical Professional Liability Coverage
389
Brotherhood Mutual Insurance Co.
Insurance Provider to Churches and Related Ministries
350
K&K Insurance Group
Sports, Leisure, and Entertainment Insurance
275
Ash Brokerage Corp.
Insurance Broker
250
Swiss Re
Reinsurance
231
Aetna
Health Insurance
220
PHP
Health Insurance
97
ONI Risk Partners (Old National Insurance)
Insurance Carrier
67
American Specialty Insurance & Risk
Insurance for Sports and Entertainment Business
60
Source: Community Research Institute at IPFW, 2017
1,954
Photo: PHP
*Full-time employees in Northeast Indiana
Contact us to learn how the Northeast Indiana Regional Partnership can help your business thrive. We can help you access: Incentives, grants, workforce training and special programs Industry-specific information and regional data Site and building locations
NEINDIANA.COM/SpecialtyInsurance W E
NE INDIANA.COM INFO@NE INDIANA.COM
P
(260) 469-3469
F
(260) 469-3470
A
200 EAST MAIN STREET, SUITE 910 FORT WAYNE, IN 46802
October 2017
S P E C I A LT Y I N S U R A N C E C A P I TA L O F T H E C O U N T R Y
Photo: Ash Brokerage
Northeast Indiana is a founding place for successful insurance companies fueled by innovative product lines. From the beginning, our region has been home to an expanding specialty insurance industry. TA X R AT E
WORKFORCE
Indiana lowered its premium tax rate to 1.3% to minimize domestic retaliatory tax exposure when doing business in other states.
Northeast Indiana’s specialty insurance industry employs more than 6,000 professionals.
E M P L OY M E N T C O N C E N T R AT I O N Jobs in the insurance field account for 54% of all jobs in the finance and insurance industry in Northeast Indiana, compared to 39% for the United States.
C O R P O R AT E TA X E S Indiana’s corporate income tax rate will be reduced to 4.9% by 2021, which would make Indiana’s the second-lowest corporate tax rate of any state levying the tax.
M A J O R O C C U PAT I O N S
36%
Administration and Customer Service
17% Sales
9%
Computer and Math
Together, these critical occupation areas account for over 60% of the specialty insurance workforce.
Photo: Brotherhood Mutual
THE 11 COUNTIES OF NORTHEAST INDIANA
ADAMS >> ALLEN >> DEKALB >> HUNTINGTON >> KOSCIUSKO >> LAGRANGE >> NOBLE >> STEUBEN >> WABASH >> WELLS >> WHITLEY
S P ECIALTY INSU R A N CE
TA L E N T P I P E L I N E T H AT M E E T S YO U R N E E D S
By coupling our certified training programs with higher-education degrees specific to the insurance sector, we work to ensure that your company has the talent it needs to do business.
1
st
18
8
C O L L A B O R AT I O N The University of Saint Francis in Fort Wayne, in collaboration with specialty insurance industry leaders, launched the region’s first bachelor-level degree in the field of risk management and insurance.
H I G H E R E D U C AT I O N
1,500
With 18 colleges and universities in Northeast Indiana and an enrollment of over 43,000 students, an educated workforce is available, qualified, and ready.
STEM PROGRAMS The Fort Wayne area invests in education that prepares students for college. Currently, the region has eight STEM-focused New Tech schools.
DEGREES EARNED Annually, more than 1,500 regional students receive degrees in business or receive their MBAs, with an additional 500 students receiving associate degrees or certifications in business.
MAJOR EMPLOYERS COMPANY
EMPLOYMENT*
PRODUCT
Lincoln Financial Group
Insurance Products
MedPro Group
Primary Medical Professional Liability Coverage
389
Brotherhood Mutual Insurance Co.
Insurance Provider to Churches and Related Ministries
350
K&K Insurance Group
Sports, Leisure, and Entertainment Insurance
275
Ash Brokerage Corp.
Insurance Broker
250
Swiss Re
Reinsurance
231
Aetna
Health Insurance
220
PHP
Health Insurance
97
ONI Risk Partners (Old National Insurance)
Insurance Carrier
67
American Specialty Insurance & Risk
Insurance for Sports and Entertainment Business
60
Source: Community Research Institute at IPFW, 2017
1,954
Photo: PHP
*Full-time employees in Northeast Indiana
Contact us to learn how the Northeast Indiana Regional Partnership can help your business thrive. We can help you access: Incentives, grants, workforce training and special programs Industry-specific information and regional data Site and building locations
NEINDIANA.COM/SpecialtyInsurance W E
NE INDIANA.COM INFO@NE INDIANA.COM
P
(260) 469-3469
F
(260) 469-3470
A
200 EAST MAIN STREET, SUITE 910 FORT WAYNE, IN 46802
October 2017
