Iowa Finance & Insurance
Where the Smart Money Lives
Finance and Insurance: Iowa is a Capital for Capital
Home to 7,000 finance and insurance companies and a workforce of nearly 95,000 talented professionals, Iowa is one of the nation's top headquarters for the finance and insurance industries.
Iowa is the perfect place to expand, relocate or start a financial services business. Iowa leads with a pro-business mindset, a progressive and responsive regulatory environment, and offers one of the lowest insurance premium tax rates in the country — one percent.
Strong industry leadership has also helped Iowa become an innovation hub for insurance technology. Established in 2015, Iowa's Global Insurance Accelerator (GIA) is the world's first business accelerator focused on Insurtech and has helped numerous insurance companies from around the world grow and expand.
INDUSTRY GROWTHIowa has experienced 57% GDP growth in the insurance industry sector in the past 15 years.
BUSINESS ACCELERATORIowa is home to the world’s first business accelerator program for insurance technology.
UTILITY COSTSIowa’s utility costs are typically 15 to 20% less than the national average.
Change of Scenery
Fidelity and Guaranty Life Insurance Grows its Presence in Des Moines
Originally based on the East Coast, Fidelity and Guaranty Life Insurance's move of its headquarters to Des Moines five years ago was meant to take advantage of the Iowa's low cost of living, business-friendly climate and abundant workforce of insurance professionals.
F&G has since rapidly grown its presence in Des Moines. In 2019, the company hired nearly 100 new positions and relocated almost 20 current employees to Des Moines with the prediction of even more additions in the future.
Read on for a Q&A with President and CEO Chris Blunt, in which he discusses his appreciation for the company's new home and plans to continue growing and diversifying F&G's workforce and services.
Iowa Labor Force
A flexible tool for understanding the workforce characteristics of the local labor market.