Swenson, David A.

May 2006

The insurance industry in Iowa is an important and growing segment of the state’s economy. Though nominally small in comparison to most other major sectors of the economy, just 2.8 percent of all jobs are in insurance currently, the industry enjoys a competitive advantage in Iowa compared to the rest of the nation. Within Iowa, the central Iowa insurance industry enjoys a strong competitive advantage with the rest of the state. The industry is also important because of the quality of its workers and the attractiveness of the industry to Iowa’s skilled labor force. This report outlines the substantive and statistical importance of Iowa’s insurance industry at the beginning of the 21st century.

JEL Classification: A10

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