Insurance Services and InsurTech

Innovating in Michigan’s Insurance Hub

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.

7%

Projected industry growth vs. 3.5% projected national growth (2017-2022)

23%

Industry growth vs. 2.4% national average (2012-2017)

10X

Lansing region's insurance employment growth vs. national average

Existing Industry

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.

1

Vertafore, Inc.

Regional Office
36,000 sq. ft
180 Lansing employees
1500 Total employees
Cloud Computing, Insurance Software, Mobile Apps
2

SET SEG

Corporate HQ
10,262 sq. ft
84 Lansing employees
150 Total employees
Casualty Insurance, Employee Benefit Services, Worker's Compensation Insurance
3

Quest Software, Inc.

Corporate HQ
10,000 sq. ft
69 Lansing employees
300 Total employees
Call Center, Data Protection, Database Mgmt, Vehicle Towing
4

Michigan Millers Mutual Insurance Company

Corporate HQ
69,768 sq. ft
115 Lansing employees
150 Total employees
Auto Insurance, Business Insurance, Commercial, Home Insurance, Umbrella Insurance
5

Jackson National Life Insurance Company

National HQ
600,683 sq. ft
2500 Lansing employees
4200 Total employees
Retirement & Annuity-related Financial Services
6

Greenstone Farm Credit Services

National HQ
77,044 sq. ft
175 Lansing employees
500 Total employees
Ag. Financial Services, Crop, Dairy/Livestock, Disability Insurance, Life Insurance
7

Farm Bureau Insurance Company of Michigan

Corporate HQ
132,047 sq. ft
800 Lansing employees
1250 Total employees
Business Insurance, Car Insurance, Farm/Crop, Home Insurance, Life Insurance, Retirement
8

EMC Insurance Companies

Regional Office
17,028 sq. ft
72 Lansing employees
2300 Total employees
Business Insurance, Casualty Insurance, Life Insurance, Property Insurance
9

Dewpoint

Corporate HQ
200 Lansing employees
400 Total employees
Healthcare, Insurance, IT solutions for Financial
10

Delta Dental Plan of Michigan, Inc.

Corporate HQ
295,000 sq. ft
645 Lansing employees
750 Total employees
Dental Health Insurance
11

Blue Cross Blue Shield of Michigan

Regional Office
139,414 sq. ft
500 Lansing employees
8100 Total employees
Health Insurance
12

Auto-Owners Insurance Company

National HQ
561,208 sq. ft
2500 Lansing employees
5500 Total employees
Auto Insurance, Business Insurance, Home Insurance, Life Insurance
13

AF Group

National HQ
296,180 sq. ft
750 Lansing employees
1013 Total employees
Worker's Compensation Insurance
Showing 1 - 13 of 13 locations

Affordable Market

13%

Lower Relative Labor Cost

3.14

Regional Concentration of Insurance Jobs: Lansing vs. U.S.

Facility Cost Per Sq Foot

Industry average per sq. ft. cost for full-service lease rate for quality class A/B office space in 2017

RegionCost per Sq. Foot
Lansing$20
Houston$31
Chicago$34
Boston$37
Washington D.C.$41
San Fransisco$70
New York$75

Talent Ecosystem

$90,000

Average Earnings Per Insurance Job

The Lansing region’s insurance talent pipeline is bolstered by educational institutions building industry-honed programs.

InstitutionPrograms and Degrees
K-12

  • Lansing School District and Charlotte Public Schools partnerships with Olivet College.

  • Lansing STEM Academy K-8 Program.

  • Information Technology Empowerment Center (ITEC).

  • Insuring MI Future is an organization seeking to attract young talent to a career in the insurance industry in Michigan.

Lansing Community College LogoComputer Information & Technologies Program degrees & certificates:

  • Networking Programming 

  • E-Business &Web related 

  • Computer Repair 

  • Computer Support 

  • Computer Basics 

  • Geographical Information Systems


Insurance Pathways for Associate in Business Degree
Olivet College Logo

  • Top ranked insurance and Risk Management program with 90% graduation rate.

  • Nationally award-winning Alpha Alpha Chapter of Gamma Lota Sigma insurance, risk management, and actuarial science fraternity

  • Just 25 minutes from downtown Lansing.

  • 130 students enrolled, 90% graduation and retention rate.

  • Nationally Award-Winning Alpha Alpha Chapter of Gamma Iota Sigma (GIS), the fraternity for insurance, risk management and actuarial science professions. Founded 1986; 1989, 2014 Edison L. Bowers Award (highest honor); 2013-2014 Superior Chapter Award.

Michigan State University LogoUndergraduate Minor in Insurance and Risk Management
Computer Science Degrees

  • Undergraduate Minor in Computer Science  

  • Undergraduate Bachelor of Science in Computer Science 

  • Graduate Master of Science in Computer Science 

  • Doctor of Philosophy in Computer Science


Mathematics

  • Undergraduate Minor in Mathematics

  • Undergraduate Bachelor of Science in Mathematics, Advanced, Computational Math

  • Undergraduate Bachelor of Arts in Mathematics, Advanced, Computational Math, Industrial

  • Graduate Master of Science in Mathematics

  • Doctor of Philosophy in Mathematics


Actuarial Science

  • Undergraduate Minor in Actuarial Science

  • Undergraduate Bachelor of Science in Actuarial Science

Growing Insurance Technology Companies

PROTO InsurTech Program Logo

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.

Company Spotlights
Dewpoint logo
Dewpoint
  • Dynamic technology company that serves the insurance industry
  • Expanded from 40 to 400 full time employees at their Lansing headquarters since 2010
  • Focused on leveraging sound business practices, an enticing urban office environment, and company culture to build workforce.
Quest Software Logo
Quest Software
  • $1M investment into new equipment in 2014 resulting in 32 new jobs
  • Manages claims for over 40 insurance companies, handling 4,000 incoming calls per day
  • Growing to 250+ employees company wide
Vertafore Logo
Vertafore
  • Acquisition of Sircon Corp. in 2008
  • Expansion into 36,000 sq. ft. office space in East Lansing in 2012
  • 130 employees