Market Overview

Connecticut Insurance & Financial Services Cluster to Host Inaugural Insurance Market Forecast

Event to showcase industry thought leaders, feature release of first Insurance Market Report

Hartford, CT (PRWEB) November 05, 2012

The Connecticut Insurance & Financial Services Cluster (Connecticut IFS Cluster), an initiative that fosters cooperation and collaboration between business, academia and state government to support economic and workforce development, will host the inaugural Insurance Market Forecast on Friday, November 9th from 7:30 a.m. to noon at Hilton Hartford Hotel. During the event, which will unite nine thought leaders from across Connecticut's insurance landscape to share economic data and industry forecasting, PwC US and the Connecticut IFS Cluster will release the 2012 Insurance Market Report.

“The Insurance Market Forecast marks the day when Connecticut puts a stake in the ground to resurrect that state's title as Insurance Capital of the U.S. It's time to promote our rich history, extensive workforce, and global brands that drive future growth of insurance in our own backyard and the world,” Susan Winkler, Executive Director, Connecticut Insurance & Financial Services Cluster, said.

According to the Insurance Market Report, which will be released during the November 9th event, Connecticut ranks first nationally in insurance employment as a percentage of total employment and the industry represents approximately 3 percent of the state's workforce, 6 percent of the state's payroll and 9 percent of the gross state product.

“The 2012 Connecticut Insurance Market Report clearly highlights the importance of this sector to Connecticut's economy and encourages collaboration among industry, government and academic stakeholders to ensure it continues to grow,” noted Paul Veronneau, PwC Hartford office partner and advisory leader. “PwC is deeply committed to the Connecticut business community and its insurance sector. We believe that through continued teamwork and investment in the industry, the state will maintain its global insurance leadership role well into the future.”

In addition to the release of the Report, the Insurance Market Forecast will feature remarks by Governor Dannel P. Malloy, Department of Insurance Commissioner Thomas Leonardi, and panel discussions focused on property casualty; life, retirement and annuity; and health. Featured panelists include executives from Connecticut's insurance and financial services companies, including: Aetna, Cigna, The Hartford Financial Services Group, Hartford Steam Boiler, ING Retirement Solutions, MassMutual Financial Group, Prudential Retirement, The Travelers Companies, Inc., and UnitedHealthcare.

“This is a unique effort in Connecticut where industry leaders and state government are aligned to make the insurance industry one of the most competitive and advanced in the world. The inaugural Insurance Market Forecast is the showcase effort of that collaboration,” James Bedard, Chief Financial Officer/Chief Operating Officer, Northeast Region, UnitedHealthcare said.

Presenting Sponsor for the inaugural Insurance Market Forecast is PwC. Gold Sponsors are Conning, Massachusetts Mutual Life Insurance Company (MassMutual), Travelers and UnitedHealthcare. Silver Sponsor is The Phoenix Companies, Inc.

To register for the inaugural Insurance Market Forecast, visit http://www.ConnecticutIFS.com.

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About Connecticut IFS Cluster
With the understanding that strong insurance and financial services sectors are critical to sustaining economic and employment growth in Connecticut, the MetroHartford Alliance developed The Connecticut IFS Cluster in 2003. The Connecticut IFS Cluster is a strategic initiative comprised of 30 corporate sponsors whose shared vision is to create competitive advantages in business attraction and retention, to assist with recruitment and education of a trained workforce, and to increase public awareness through advocacy. Leaders from business, state government and academia collaborate to foster growth among all of the industries' segments. For more information, visit http://www.ConnecticutIFS.com.

About the PwC Network
PwC firms help organizations and individuals create the value they're looking for. We're a network of firms in 158 countries with more than 180,000 people who are committed to delivering quality in assurance, tax and advisory services. Tell us what matters to you and find out more by visiting us at http://www.pwc.com.

Learn more about PwC by following us online: @PwC_LLP, YouTube, LinkedIn, Facebook and Google +.
© 2012 PricewaterhouseCoopers LLP, a Delaware limited liability partnership. All rights reserved. PwC refers to the US member firm, and may sometimes refer to the PwC network. Each member firm is a separate legal entity. Please see http://www.pwc.com/structure for further details.

This content is for general information purposes only, and should not be used as a substitute for consultation with professional advisors.

For the original version on PRWeb visit: http://www.prweb.com/releases/prweb2012/11/prweb10099030.htm

 

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