Iowa is the insurance capital of the nation, ranking first in the U.S. in insurance industry output as a percent of GDP. Iowa’s leading position in the industry is seen through the 7,000 finance and insurance companies that are housed in the state with a workforce of nearly 95,000 talented professionals. A pro-business environment with one of the lowest insurance premium tax rates in the nation, which is being lowered from 1% to 0.9%, complemented by a highly-educated, stable workforce and central geographic location that conveniently serves clients on both coasts, makes Iowa the right place to do business. Strong industry leadership in the state offers impressive growth opportunities, and even more innovations are on the way. The state’s extensive insurance industry experience has established numerous advancements in insurtech that are sure to revolutionize the industry. Insurtech entrepreneurs find themselves with a truly unique ecosystem of support in Iowa and can easily access mentorship and guidance from global companies and accelerators, as well as educational institutions and responsive state agencies. The Iowa Economic Development Authority is committed to collaboration and innovation with initiatives and incentives that can help your company start, grow and thrive. To learn more about the state’s resources and connections, visit iowaeda.com.