Connecticut’s insurance industry ranks first among U.S. states for written life insurance premiums, and second for total direct written premium, according to PwC’s “2013 Connecticut Insurance Market Brief.”
Despite the impressive rankings, Connecticut’s direct written premiums decreased by approximately $820 million or 2.7 percent over the last couple years, falling from $30 billion in 2010 to $29.2 billion in 2011. The number of domestic insurance entities remained constant at 110 while the number of non-domestic insurance entities decreased slightly by 1.2 percent to a total of 1,279. The premium decrease, however, was more the result of domestic premium declines of 4.6 percent than nondomestic premium declines of 0.8 percent.
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