|
| Vision of ITS|SC |
|
The vision is to grow its 30+ employers and 6,000+
employees into the largest, most dynamic, and most
competitive insurance technology and services cluster in the world.
|
|
|
|
|
|
|
|
|
6,000 high paying, knowledge economy jobs + over 30 companies
= A world class industry.
|
|
Our Industry | Economic Impact
There is a billion+ dollar a year knowledge-based industry located in
the Greater Columbia region providing thousands of "knowledge-based"
jobs every year to talented technology professionals. Here is the
insurance technology and services industry by the numbers...
Definition: Any organization whose primary business is
directly involved in and/or supports the technology initiatives
of the insurance industry.
# of companies in our region:
30+
Employment:
6,000 - 8,000 knowledge-based jobs
Average Salary:
$65,000/year
Employment & Payroll:
$455,000,000 (est.)
Direct Expenditures:
$200,000,000 (est.)
Total Direct Impact:
$655,000,000 (est.)
Induced/Indirect Impact:
$350,000,000 (est.)
Total Economic Impact:
Over $1 Billion
Industrial Diversity:
Traditional insurance (P&C, Life, Supplemental insurance), software development, predictive analytics, risk modeling, technology-based outsourcing, technical staffing & solutions, medical and insurance claims processing, benefits management.
|
|
|