Lansing Economic Area Partnership
Nestled in the heart of the Great Lakes, Lansing’s strong existing insurance cluster, pipeline of industry-honed talent and InsurTech-focused entrepreneurial culture make it a safe haven and low-cost market for insurance industry leaders looking to invest in a bright future.
Projected industry growth vs. 3.5% projected national growth (2017-2022)
Industry growth vs. 2.4% national average (2012-2017)
Lansing region's insurance employment growth vs. national average
The Lansing market is home to eight insurance company headquarters ranging from regional to global in scale and collectively responsible for over $30 billion in annual premiums/revenue.
Lower Relative Labor Cost
Regional Concentration of Insurance Jobs: Lansing vs. U.S.
Industry average per sq. ft. cost for full-service lease rate for quality class A/B office space in 2017
| Region | Cost per Sq. Foot |
|---|---|
| Lansing | $20 |
| Houston | $31 |
| Chicago | $34 |
| Boston | $37 |
| Washington D.C. | $41 |
| San Fransisco | $70 |
| New York | $75 |
Average Earnings Per Insurance Job
The Lansing region’s insurance talent pipeline is bolstered by educational institutions building industry-honed programs.
| Institution | Programs and Degrees |
|---|---|
| K-12 |
|
 | Computer Information & Technologies Program degrees & certificates:
Insurance Pathways for Associate in Business Degree |
 |
|
 | Undergraduate Minor in Insurance and Risk Management Computer Science Degrees
Mathematics
Actuarial Science
|
PROTO Accelerator is a new business accelerator platform offering equity investment, expert guidance, and connectivity with insurance industry leaders to technology startups geared toward insurance solutions.
