For Consumers

2014 market information report

In 2014, the insurance commissioner regulated more than 2,300 companies and more than 135,000 agents and brokers. We collected more than $512 million in premium taxes, which were deposited in the state’s general fund to help pay for state government operations.

Insurance plays an important role in our state's economy. The insurance industry in Washington generated nearly $36 billion in premiums in 2014. As of 2013, the most recent data available, the industry employed more than 52,500 people in the state and accounted for $3.7 billion in compensation. In 2012, the most recent data available, it contributed $5.8 billion to Washington's gross state product, about 1.49 percent of the state's total.

The 2014 annual report identifies the state's largest insurance companies by market share and contains statistical information about company transactions for the year. We obtain the data from the National Association of Insurance Commissioners (NAIC). Neither the NAIC nor the OIC makes representations or warranties with respect to the accuracy or the completeness of the data and statistics in this report, which is for informational purposes only.

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