Insurance Industry Economic Impact Study

The Insurance Industry in Illinois has an exceptional impact on both the economy of Illinois and the U.S. economy as a whole. The contribution to state GDP, employment numbers, premiums written, investments made and losses paid placed Illinois insurance as one of the top ranking industries in the nation.

The importance of Illinois' property/casualty insurers as one of the country's most significant mechanisms for insuring losses to homes, autos, businesses and lives cannot be overstated. Insurance is a flagship industry in Illinois and a model for the entire country.

Click on the file below to review the 2016 Insurance Industry Economic Impact Study. The study was conducted by the Katie School of Insurance at Illinois State University.
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Insurance Industry Impact Study - 2016 1,486.51 KB