Rhode Island Quick Stats
The 2013 insurance company claims payments in Rhode Island as measured by direct property/casualty incurred losses, were $1,100,000,000
The insurance industry provided 11,576 jobs
in Rhode Island in 2013, according to the Department of Commerce. These jobs accounted for about $897,279,000
in compensation in Rhode Island.
$2,007,000,000 of the Rhode Island gross state product was contributed by the insurance industry, accounting for 3.9% of the GSP.
Direct premiums written by property/casualty insurance companies in Rhode Island totaled $2,024,660,000 in 2013.
Life/health premiums in Rhode Island totaled $2,495,000,000 in 2013 (including life insurance, annuities, accident and health insurance, deposit type funds and other considerations).
Life insurance claims and benefits payouts in Rhode Island totaled $1,700,000,000 in 2013. Includes life insurance, death benefits, matured endowments, annuity benefits and other life insurance benefits. This does not include accident and health.
The Rhode Island surplus lines market accounted for $21,900,000 in gross premiums written in 2013, according to a survey by Business Insurance.
Premium taxes paid by insurance companies in Rhode Island totaled $94,915,000 in 2013.