Page 26 - State of the Region Report 2020

26 State of the Lansing Region, 2020

Top
Industries

Insurance Services
and Insurtech

The Lansing region is the hub of Michigan’s insurance
sector and a logical home-base for industry leaders.

The region is home to the headquarters of six prominent insurance
companies, including:
• Jackson National Life
Insurance Company
• Accident Fund
Insurance
• Delta Dental of
Michigan
• Auto-Owners
Insurance
• Farm Bureau
Insurance of Michigan
• Michigan Millers
Mutual Insurance
Company

The region is also home to
emerging insurance tech com-
panies like:

• Quest Software
• Vertafore
• Dewpoint Image Source: Jackson National Life Insurance Company

Lansing is an ideal location for
the insurance industry because of the growing talent base bolstered by educational institutions offering programs in IT,
computer science, mathematics, actuarial science, and insurance and risk management.

Trends
• In 2016, employment in related occupations exceeded 8,500 and is now nearing 10,000. By 2026, employment in
InsurTech related occupations is projected to increase by more than 10%.
• By 2026, employment in InsurTech related occupations is projected to increase by 13%.

Notable News

LEAP has created PROTO InsurTech, an accelerator platform that offers equity investment, expert guidance, and connectivity
with insurance industry leaders to technology startups geared toward insurance solutions.